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Saturday, 7 October 2017

Bandra is very attractive location for Residential properties in Mumbai

Mumbai is considered to be one of the top contributors in attracting PE investments in real estate sector; few of the major driving factors being the demand, price points and growth prospects. The rising confidence among institutional investors is bringing back the appetite among real estate investors. He sector has always witnessed an unprecedented interest among investors however there has been ups and downs too as a result of economic situations. On the other hand, the cyclical decline in the interest rates has made it viable for investors to further invest in property market.
With Government’s aggressive push towards formalizing, regulating and encouraging investment in the real estate sector with measures like Real Estate (Regulation & Development) Act, 2016 (RERA), Goods & Services Tax (GST), Real Estate Investment Trusts (REITs), demonetization and eased out FDI norms, it is expected that the enhanced transparency will bring a visible boost in the entire sector. Doesn’t all sound way too lucrative to step out and empty your pockets by investing in some promising real estate ventures? However one complexity that arises here is about zeroing upon the location.

Bandra – the perfect location for prime property seekers

Since we began with Mumbai as our focus so let us consider Bandra that is one out of the exhaustive list of prime areas of Mumbai. Bandra West, in particular, is a popular destination among people who look forward to lavish and high end lifestyle. Despite the fact that Bandra has issues of traffic congestion on a day-to-day basis still it happens to be a preferred destination for property seekers who are willing to spend big. The elite profile that Bandra holds with high end shopping malls, healthcare, education, recreational activities and much more is tempting enough to invest in this location.
Bandra-Kurla Complex (BKC) is one of the major reasons that there has been residential augmentation too in the respective region. It has undoubtedly emerged as an important business district in Mumbai that has led to overall robust infrastructural development of the location. Few factors that make Bandra an investment hotspot are:

·         Price Factor – The prices in Bandra vary as per the exact location of the property however areas in close proximity to BKC are priced higher than the ones in Bandra East that is considered to be the new micro market. Furthermore, the builder/developer, amenities provided and exact location of the property are key determinants of the actual price. The ones who know that Mumbai is their home prefer investing in Bandra due to the level of development and culture there.

·         So-called smart facilities – In the world of smart phones where technology drives our lives, it has become inevitable for developers to incorporate smart facilities in their projects to attract more and more investors. The same is the concept that has picked up pace in Bandra too wherein advanced CCTV networks, street lights with motion sensors and much more is under progress.

·         Bandra West v/s Bandra East – With Bandra West almost reaching saturation in terms of fulfilling property demand, the shift towards Bandra East property market is inevitable. With no more support coming from Bandra West to satisfy investors’s demands, both the capital and rental values of real estate in Bandra East are likely to increase.

·         Shifting of CBD from Nariman Point to BKC – With the CBD shifted from Nariman Point to Bandra Kurla Complex (BKC), Bandra has evolved to be the most preferred destination for high profile people like business owners, upper managerial cadre, expatriates and many more.
It would really not be wrong to say that Bandra has off late become the heart of Mumbai with the most advanced residential as well as commercial projects having come up in and around this area. Know More About Get refereed to this website Residential Properties in Mumbai