Demand for rentals in Cuffe Parade in Mumbai grows
Cuffe parade, an affluent locality in South Mumbai is now in high demand. The well planned area offers lifestyle and amenities both. The main plus points of this area are strategic location, increased rental activity, upcoming new projects by Mittal Grandeur, Lodha Group and so on.
Apartments for rent in Cuffe Parade has gone up by 14 percent as the locality is in close proximity with Nariman Point, Taj Hotel, VT Station and Gateway of India and is in vicinity to other parts of Mumbai. However, the sale of flats has been stable for past one year.
The multi-storey apartments in Cuffe Parade have state of the art amenities and facilities which one look for. A 1 BHK apartment of around 700 sq ft is available at Rs 1 lakh per sq ft. Low end apartments would come at Rs 60,000 per sq ft.
As per experts, demand for 2 BHK apartments is more than 1 BHK. A 2 BHK apartments comes in the size range of 1,000-1,400 sq ft while a 3BHK offers 1,500-2,000 sq ft. A 4BHK provides 3,000 sq ft area.
Most of the buyers of apartments in Cuffe Parade are of business class and elite group of lawyers , stock market experts and financial institutions.
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