A Deep Dive into the Real Estate Landscape of Dadar

While investing in a home location plays a key factor in the valuation of a property. But how is the real estate value of the location determined?

Every place comes with a tag of various parameters that adds to its estate value like demographics, interest rates, economy, government policies and subsidies. Especially when one is looking for ready-to-move-in or under-construction projects in Mumbai. The following factors contribute to its estimated value.

Flats in Mumbai are the most profitable in an investment portfolio, only if chosen carefully. One way to find out is to research the location based on certain attributes such as centrality, neighborhood, infrastructure, connectivity, future potential and plot location. With Mumbai being an extensive metropolis, an area that has proven potential in all the above attributes is Dadar.

Property in Dadar East specifically has upsurge in the real estate market owing to these following characteristics-

Dadar junction that interconnects the city

-       Real estate developers in Mumbai see the connectivity factor of Dadar as a great opportunity when setting up projects. Dadar is the busiest railway terminus in Mumbai. It lies on both the western and central lines of the suburban railway, making it a major transit point.

-          It is close to National Highway 3 (NH-3) which is just a few kilometers away from the Bandra-Worli Sea Link.

-          The Mumbai International Airport is situated at a distance of 15.5 km from Dadar and takes less than 30 minutes to reach by road.

-          Dadar is close to many commercial hubs such as Bandra-Kurla Complex and Nariman Point, both of which can be accessed in less than 30 minutes by road.

Dadar in Mumbai has been a popular choice of premium homebuyers for all the right reasons.  This region has experienced consistent real estate attraction despite market fluctuations. Dadar is often referred to as India’s first planned suburb with residential clusters. Currently, Dadar is garnering high demand rising luxury segment for luxury homeowners. Dadar being the oldest residential sector of Mumbai offers the distinction of having an address in a coveted prime area, yet fairly posh at the same times, having the conveniences of an affable social infrastructure and fast transit routes. Dadar is considered as hub for real estate investment.

A strategic infrastructure for easy access to quality fundamentals

 

Dadar is planned to be prominent station on Line 1 of the Monorail project connecting major parts of Mumbai. The coastal road project, which is also in the works, will improve the connectivity of the Locality. The three interchanges along the coastal road, Amarsons Garden, Haji ali and Worli seaface, will put prominent business districts such as Bandra Kurla Complex, Prabhadevi and Nariman Point at arm’s length from Dadar

-          Dadar has many well-known institutions such as the Institute of Hotel Management-IHMCTAN Mumbai and Veermata Jijabai Technological Institute. ST. Paul’s and L Poddar high School take care of the educational needs of the residents of Dadar.

-           Apart from that, Dadar has many other social infrastructures such as the Mahatma Gandhi Olympic Swimming Pool and Shivaji Park.

-          Dadar is also home to Mumbai’s oldest bridge, the Lokmanya Tilak Bridge as well as the Plaza movie theatre.

-          There are several other hospitals, malls, and religious institutions in Dadar as well.

-          Also, you get to see many residential areas in Dadar such as the Dadar Parsi Colony, Hindu Colony, Shardashram Society, and so on.

A humble abode that redefines luxury in Dadar

As Dadar city has proved to provide a quality standard of living, the expectations of premium projects ensued as well. The cluster for luxury properties in Mumbai is concentrated in South Mumbai, however, the cost of living subjugates the investment of flats in Mumbai.

Dadar has a reasonable outlay as compared to other places, thus a luxury property in Dadar East is a cost-effective investment with an assured ROI

Bombay Realty is an esteemed name in the real estate market that has implemented an ambitious project that provides luxury apartments in Mumbai. Island City Center towers stand tall at the heart of Dadar city exemplifying the status quo.

The 59 and 65 storeyed towers of One ICC and Two ICC respectively offer configurations of between 1611-2488 sq ft of carpet area on specifications ranging from 3 and 4 BHK apartments equipped with international marble/wooden flooring, top international branded CP fittings, decor and modular kitchen.

A plethora of amenities occupies the complex with 45+ privileges for a spectrum of needs. Clubhouse, Gazebo Lounge, BBQ pits, welfare centre, mini theatre, multi-purpose lawn are some of the prominent amenities at ICC that provide an optimum living experience.

Instead of opting for under-construction projects in Mumbai which could have been delayed due to the pandemic, Bombay Realty is offering ready-to-move-in apartments that are lavish and secured.