Worli - The Perfect Place For The Perfect Real Investment In Mumbai

Over the last one year, Worli’s real estate prices have appreciated by 3.3%. This locale that’s in proximity to major commercial hubs, Nariman and BKC, is one of the prime locations in South Mumbai. It is any keen investor’s perfect shot at a higher ROI. Many residential projects here are known to attract some of the most accomplished figures in the city.
 

It also acted as new source of inspiration for realtors to build cutting edge residences. While current infrastructures like schools, hospitals and the Bandra-Worli sea link hold the fort of Worli’s reputation, there are many upcoming developments as well, like:
 

• The expansion of the Bandra - Worli sea link.
 

• An upcoming commercial hub of 109 hectares in Wadala that’ll be in proximity.
 

Be it investors of 3 BHK flats in Worli or a home buyer who has found his/her dream penthouse, South Mumbai’s home of luxury has many perks to offer:
 

• Prolific investment location in Mumbai. It is commute-friendly thanks to the Bandra-Worli sea link. This is one of the core reasons why people prefer to reside here.
 

• It lies between two business districts like Nariman Point and BKC. Lower Parel falls within the same proximity too.
 

• Worli also has a polished reputation as many big names of the development industry have invested in the location by way of premium and luxury home offerings.
 

• One will find absolutely no shortage of social infrastructure. There are plenty of malls, schools, theaters and workspaces in the region.
 

After hitting a few rough patches, Mumbai’s real estate sector is finally looking at the light at the end of the tunnel thanks to the reduction in GST and other reforms by the Union Budget. Which means the scope to own a home in Worli is good. If a polished lifestyle is what one is after, then there many great 2-4 BHK apartments in Worli. You can also find spacious 5 BHK flats in Worli, thanks to projects like Omkar 1973. After all the existing and upcoming growth stimulators of this region, one ought to make their big realty purchase now.

How Buying A Home in Mumbai Works

Ask anyone in India and almost everyone will say “Mumbai is a city that has it all.” From commercial sectors teeming with opportunities to homes that lulls people to sleep in the vivacious city, Mumbai remains and will always remain unbeatable as the best city in India.
 

Hence, people always try their best to acquire a living space that best suits their needs. Unlike other cities, the concept of a home is very flexible here. This is due to the relatively higher sense of broad-mindedness. The flexibility can be brought by either the homebuyers or the developers. Or even both. In today’s times, top builders in Mumbai aim to design homes that scream modernity and perfection. 

This can be achieved through various factors such as:
 

• Amenities like jacuzzi, spa, theatre, infinity pool, different kinds of garden and so on
 

• Making sure the locale is studded with renowned names, whether they’re eateries or healthcare facilities
 

• Construction whose designs are brought to life by only the world’s best
 

When such aspects are taken into consideration, the real estate sector, as a whole, can witness significant improvement in numbers and stats. Number of buyers, revenue, number of units sold are what constitute the latter.
 

From compact 1 BHKs to lavish penthouses, every home in Mumbai has a unique feeling of a home. It sounds like a bit of a stretch, but hey, it is Mumbai we’re talking about. But of course, as long as the right measures are followed, a home to one’s liking is such a blessing in Mumbai, a city where there is constant change in realty trends, prices, wants and so much more.
 

Remember, if investment or purchasing is on your mind, it is important to draw a meticulous comparison between existing and upcoming projects in Mumbai based on the following:
 

• Location
• ROI
• Amenities
• Configuration
• Price
 

Good luck house hunting, future Mumbaikar.

Mumbai is Gearing Up To Welcome A New Residential Hub in BKC

BKC is on a steady path to becoming the smart city MMRDA has been planning for years. This development plan also involves turning the commercial hub into one of the ultimate addresses for premium residences. With such an advent, builders in Mumbai are surely gearing up to put forth their best foot forward.
 

Various locales like Worli, Prabhadevi and Bandra are vastly known to have premium residences with facilities and conveniences that suit those who a seek an upper middle-class lifestyle of high standards. Now, BKC too can keep people close to major destinations and important facilities if they choose to purchase flats in BKC.
 

From 1BHKs in Omkar Vive to penthouses, both small and upscale real estate companies in Mumbai are working hard towards catering to all kinds of home-buyers who wish to live in or near BKC. 

Here are a couple of perks that come with buying a home in one of the completed/upcoming residential projects in BKC:
 

1. Construction of an elevated road extending Santacruz-Chembur Link Road (SCLR) up to Vakola Bridge at Santacruz (east) on Western Express Highway (WEH).
 

2. A 5-km Kurla-Vakola elevated road will be constructed to assuage excess traffic in the area.
 

3. Bandra-Kurla Complex will also have Wi-Fi internet connectivity as soon as one enters the area.
 

4. Hybrid/electric buses will be introduced for a pollution-free and eco-friendly transportation.
 

5. The work on the Bandra-Kurla Complex (BKC)-Chunabhatti elevated road connector will be nearing completion in the future.
 

Mumbai is witnessing a rapid increase in the number of real estate investors. Hence, it comes as a relief that more localities like BKC are opening doors to the possibility of more sound realty investments. So, if anyone’s looking for a home to live or invest in, now’s a good time to get in touch with agents and other professionals to seek the best one.

Here’s What To Expect From The Brand New BKC

There are many good reasons as to why real estate developers in Mumbai design projects in BKC. One of them is the strong development initiative the MMRDA has taken to allocate Rs. 75 Crores to turn BKC into a smart city. Many proposed developments fall under the ‘smart city plan’. 

Some of them are as follows:

1. Construction of an elevated road extending Santacruz-Chembur Link Road (SCLR) up to Vakola Bridge at Santacruz (east) on Western Express Highway (WEH).

2. A 5-km Kurla-Vakola elevated road will be constructed to assuage excess traffic in the area.

3. Bandra-Kurla Complex will also have Wi-Fi internet connectivity as soon as one enters the area.

4. Hybrid/electric buses will be introduced for a pollution-free and eco-friendly transportation.

5. The work on the Bandra-Kurla Complex (BKC)-Chunabhatti elevated road connector will be completed in December 2018.
 

For long, BKC was primarily known as Mumbai’s sough-after commercial hub. Renowned conglomerates like TATA Communications, Reliance Industries and Edelweiss Financial Service, is what makes BKC such a prominent commercial hub. So many citizens from all over the country move close to the location as it provided better work opportunities.
 

However, now, there’s a new face of BKC that is being gradually introduced to the people. Today, Mumbaikars can select homes from a new slew of options. From 1 BHK flats in BKC by Omkar Vive to luxurious penthouses, BKC has them all. No wonder it is the rising residential hub of the location.
 

With such developments in the making, the smart move to turn BKC into a residential locale is slowly starting to bear fruits. Another bonus is, long commute shall no longer be a woe for many as this planned development can increase opportunities for people to live close by.
 

This fact also comes across as a big advantage for the real estate sector. It gives many relators a chance to build projects there. Meaning, a project in a location like BKC adds more value to their name. In fact, there’s been a rise in the number of upcoming residential projects in BKC.
 

It is under favourable circumstances like the above one should sync his/her investment opportunities with. Of course, it may be overwhelming at first, but with baby steps and expert guidance, the possibility of buying a home in BKC isn’t far away.

The Difference Between Premium and Luxury Homes

There are endless choices when it comes to buying homes. Where some flats in BKC offer a unique set of amenities, another offers uniquely designed configurations. But in the end, all homes differ. Though, there still are many people who see premium and luxury homes within the same bracket when in actuality, they aren’t the same. The confusion is understandable what with the presence of advance features in both premium and luxury residential properties.

Premium homes are properties that cater to a niche target audience. These homes are mostly equipped with distinct features that may not be found elsewhere. One such example is the laundromat in Omkar Vive, one of the residential projects in BKC by Omkar Realtors.

Luxury homes, though, go beyond the high-end bracket. These homes are exclusively only for those who can afford a great deal of luxury. Usually, the number of buyers is pretty low. Such residential projects may have the same features but they’re far more elaborate and ornate.

Here’s a table below that shows more distinguishability:

Aspects	Luxury projects	Premium projects
Target audience	The percentage of TG is lower as only a selective number of people can afford such properties	The TG mostly comprises only those who dabble into niche and unique features
Communication	Polished language and elegant images are usually used to share project information	It’s a very selective communication. The information will have a tone that will appeal specially to them.
Price	Because of the features of the homes and even the reputation of the brand, the prices are exorbitant	Though not highly expensive, it is few notches higher that compact residences.

Whether they’re premium 2 BHK flats in BKC or luxury duplexes in Worli, Mumbai’s real estate is a trichotomy of compact, premium and luxury homes. And since Mumbai is one the major cities of a diverse and metropolitan populous, it’s a great thing, since there are homes for everyone.