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.



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