As compelling as it may be, house-hunting requires thorough evaluation and proper research before you zero-down on a property. Especially when the choice varies across a spectrum of ongoing projects in Mumbai, it is imperative to determine the extrinsic factors to take a wise decision.
Why
location plays a pivotal role in the real estate value?
The location in Mumbai dictates the value of the property,
but the feasibility defines the worth of that property. The Mumbai Metropolitan
Region offers various combinations of quadrants that can collectively benefit
your location.
-
The
harbour line consisting of Chembur, Wadala, Kurla, and Ghatkopar is preferred
by those who want a centralized location.
-
On
the other hand, Dadar, South Mumbai, and Western Suburbs form a collective for
those looking for proximity to the commercial sector.
-
Thane
District and the Eastern suburbs are the quiet solaces from the hectic city
life.
-
And
Northern Suburbs offers an easy commute to business districts.
Overall, each location has the potential to offer some
prerequisites for the buyer with variable property values and distinct
lifestyles.
Dadar has assimilated the fragments of each of these
sectors. Property
in Dadar East
has observed immense growth in the past two decades owing to the connectivity,
accessibility, and conducive cost of living.
Exploring
the vicinity of Dadar East
Even with the rapid urbanisation of Mumbai, Dadar has
retained the essence of its old city charm. Meanwhile, it has constantly
flourished in the infrastructure and corporate sector, hosting an array of
industries. Top-quality schools and hospitals located in and around Dadar,
complementing the commercial nature of this place.
From the aforementioned quadrants, the eastern corridor is
set to undergo a massive transformation owing to the introduction of several
infrastructural projects.
Mumbai Trans-Harbour Link- which will start from Nhava
Sheva, crossing the Thane Creek, and end at Sewri. This indirectly also
connects Dadar to the upcoming Navi Mumbai Airport.
Mumbai Port Trust has issued a plan to develop large
integrated developments of SEZ, commercial spaces, and open spaces imbibing the
iconic Manhattan Skyline. Along with this, the development of a ferry port for
cruises liners, and RO-RO services between Mumbai and Alibaug will add to the
benefits of this corridor. The elevated road which is an extension of MTHL road
will connect Sewri to Worli – bringing the east closer to the west.
In conclusion– The Sewri-Dadar East-Wadala belt is set for
an infrastructural boom, subsequently leading to real estate appreciation as
well.
As observed with Chembur in 2015-16; the appreciation of
the property increased exponentially with the inauguration of Eastern Freeway
and SCLR. Real estate developers have
already banked on this projected value with a surge of projects incorporating 3
BHK flats in Dadar East.
The
luxury segment in Dadar
Colaba, Malabar Hills, Marine Lines, Nariman Point, Cuffe
Parade, Bandra, and Juhu are the most common areas associated with high-end
projects. But restricted space in these areas has prompted builders/developers
to move towards the adjacent locales. Dadar East has emerged on the top of
preferred locales for the luxury segment amongst other ongoing projects in
Mumbai.
The aforementioned factors have facilitated this upgrade, with a projected
boost to the luxury market in the upcoming years.
One such project that stands out in the heart of this area
is the Island City Center presenting premium 3 & 4
BHK flats in South Mumbai. This flagship project by Bombay Realty has redefined the Dadar skyline.
Two ICC &
One
ICC Mumbai
of Island City Center are exemplary residences of luxury done right, offering a
panoramic view of the sea link and the city, spacious rooms, and amenities
galore. Sprawling across expansive acres, the surrounding open green spaces
offer a holistic way of living with an affluent lifestyle.
