As a fast emerging commercial hub of Mumbai, they boast a number of commercial areas such as Lower Parel, which is home to erstwhile mill buildings that have been converted into huge shopping malls, eat-out restaurants, and gaming and entertainment hot spots.
Central suburbs of Mumbai provide prospective real estate investors with a great blend of scenic and picturesque locations such as Kalyan, which is also a major railway junction on the Central Railway Line. In the past few years, Kalyan has seen great improvement and development and is today, one of the prime industrial, infrastructural, and residential hubs of Mumbai.
Thane is another very important central suburb of Mumbai, which has experienced exponential growth in infrastructure and real estate in the past few years. ThaneÔÇÖs proximity and connectivity to key central suburbs such as Ghatkopar and Kalyan coupled with connectivity to key western suburbs such as Borivali through the Thane-Ghodbunder Road adds great value to the region, making it a profitable real estate destination. Further, Thane is emerging as a prominent industrial and IT hub, which augurs well for the real estate market of Mumbai.
Powai is another important central suburb that adds to the real estate story of the region. Powai benefits from great connectivity through the JVLR, which passes through Powai along with BEST bus service. Further, presence of Powai Lake along with famous educational institutes such as the IIT, Bombay, National Institute of Industrial Engineering, Bombay Scottish School, Kendriya Vidyalaya – IIT Powai, and Hiranandani Foundation School make it an attractive real estate destination.
Real Estate in the Central Suburbs:
Central suburbs of Mumbai enjoy the presence of top builders such as Rustomjee, Mohan Group, and Oberoi, which have some ambitious projects such as Rustomjee Azziano, Accura, and Atelier This ever-growing interest of top builders augurs well for real estate growth in the region.