Friday, July 22, 2011

Residential Properties in Worli

Locations in Worli like Dr. Anne Besant Road, Dr. E Moses Road or the Senapati Bapat Road are attracting development of premium residential and commercial complexes. Residential properties in Worli are in high demand, especially for the luxury segment, thanks to twin income families, increase in disposable income, and aspirations to lead a better standard of living. One of the key selling points is the location, as Worli is said to be the heart of the city’s commercial business centre, with an advantage of being in close proximity to the sea. This gives most developers the desire of building luxurious sea-view high-rises that make a mark on the skyline of the city. Even though Worli & Parel are seen as same addresses and most of the developers sell their properties by marking the location as upper worli etc. But the real Worli address is more prestigious and comes with far better infrastructure and connectivity.

Worli is more so in focus for developers and realtors because of the Bandra-Worli Sea Link, which has made commuting to the suburbs of Mumbai quick and hassle-free. This is also an important reason why commercial space in the area is also seeing a rise in demand. As most of the business community and white collar executive personnel from major companies in Worli like Siemens, TATA, HDFC Bank, Yes Bank, Deloitte, GSK Pharmacueticals, Novartis, etc, prefer living close to work, avoiding waste of time in long commutes, the place puts forward the benefit of convenience. Living in a prime area like Worli is also considered a matter of prestige and good status.
With a five star property like the Four Seasons Hotels and Resorts, groundbreaking progressive nightclubs like Blue Frog, exquisite lounges like Shiro Bar & Pub, Worli is the more sought after place, be it business or play. In addition to Pizza Hut, Café Coffee Day, Barista, and McDonalds, it is home to restaurants like Spices & Flavours, Sealord, Cool Chef, and many more, serving students, families and professionals alike. Worli is also known for housing some of the fine educational institutes of Mumbai like R S Podar
Medical College, Sacred Heart High School, etc. Not to forget the range of amazing malls the locality has like Atria Millenium Mall, the Phoenix Mills, and multiplexes and other recreational clubs with all the modern facilities.

Investing in residential property in Worli will give you the advantage of living in a prime location and be easily connected to the other areas of the city. Most ongoing projects here are premium and serve the luxury segment of the real estate market investors, but with the array of international standard amenities provided by some of the builders, the price paid is definitely worth it.


Monday, July 18, 2011

Why Buy a Home in Malad

Mumbai has always seen a trend of high demand in residential development that takes place near the commercial centres of the city. Take for instance, places like Lower Parel, Worli, Bandra Kurla Complex, Andheri, Kurla, Goregaon, and Malad. Already making its mark in the real estate sector of the city, Malad is on its way to being one of the top areas for relocation or property investment. Having much of the makings of a self
sufficient residential suburb, the number one reason to buy a home in Malad is the fact that it is less congested than its adjoining areas like Borivali and Kandivali, while being very well connected to the rest of the metropolitan through its fast and slow trains, bus services, taxis, and rickshaws.

Being one of the fastest growing suburbs in the city, Malad has seen rapid growth in the last few years with emergence of the IT / BPO industry and development of the Link Road that improved connectivity to a great extent. IT hubs like Mindspace and other BPOs and KPOs have made this area the IT centre of Mumbai. Naturally, this shift is the key element in attracting youngsters and families housing professionals who work here to move base, creating a big demand for mid range and affordable residential space,while the white collar executives are in need of premium housing facilities. Malad has the reputation of being a clean and environment friendly suburb. With genuinely priced residential properties, top developers of the city are living up to the expected standards and giving the consumers what they desire.

The assurance of investment appreciation, proximity to the beach, the good number of educational institutions, medical care facilities, malls for shopping, multiplexes, leisure spaces, and easy connectivity have helped Malad climb up the desirability chart for young investors wanting luxury at the right price. Residential property rates in the area mainly depend on the state of the construction, year of completion, location, and amenities provided by the builder.

There is plenty of redevelopment potential in Malad, and many attractive new constructions going on here, especially on the Western Express Highway that could offer you your dream home. Reshaping the skyline, some major real estate players have introduced luxury residential spaces that have world class amenities and flexible space for you to make your home in Malad, a lap of luxury. Once you take a look at such buildings you will know why so many people want to buy a home in Malad.


Saturday, July 2, 2011

Top Three Reasons to Buy a Home in Malad

With the recent real estate value appreciation that Malad has noticed, it is no wonder that it is one of the popular areas for relocation in Mumbai. Having established itself as a hub for the IT companies, the area is fast becoming the small and medium scale business heart of Mumbai. While, procuring a house in this area can be hard, if you decide to buy a home in Malad, you will surely never regret the decision.

There can be a number of personal reasons to want a flat or house in this part of the city, but listed below are the top three grounds that assure you of a good return on your investment in Malad.

• There are a number of ongoing residential projects in the area that offer good prices in addition to the modern day amenities presented in the construction and complex. The builders and developers are also utilizing space well to provide a flexibility to transform a house into your individually styled home.

• Easy accessibility to other parts of the city via trains and roads. Since, many BPOs, KPOs, banks, businesses, etc are located in and around Malad proximity to work is one of the major factors pulling investors to buy property. For people working in and around Malad it is the ideal place to live.

• Socio-entertainment infrastructure, being reasonably active in Malad, flaunts off their fine sports clubs and malls such as Inorbit, Oberoi, Hyper City, The Hub etc. The locality is safe and the people in the society are friendly and very cooperative. This is a major factor of consideration when it comes to bringing up a family.

Several real-estate players are eyeing this area with projects of great stature. A reputed company, with a proven track record, is coming up with it's project named - Alta Monte. The project, which is located on the Western Express Highway amidst scene hill views. With 1.75 lakhs sq ft. of recreational spaces, this lavish project houses world class amenities like barbeque pits, 3 swimming pools, squash, badminton & tennis courts, a fully fledged business centre and conference rooms. Offering a luxurious lifestyle and sundecks, gazebos and our supreme elevated jogging track, this project is persuaded to astonish the suburbs with its elegance. Keep in mind the top 3 reasons to buy a home in Malad when you go house hunting in the suburbs of Mumbai.