Investing in real estate in Mumbai seems like a feasible option for many people. Investors lookout for prime locations to invest in real estate and many a times, it is South Mumbai which is preferable. There are a lot of residential projects in Mumbai’s swanky neighborhoods of Cuffe Parade, Juhu, Bandra etc and these attract a lot of buyers. Real estate in Mumbai is considered to be one of the costliest in the world. Buying a property in Mumbai requires you to know what kind of property you are looking out for. Whether it is a luxury home, a villa or a basic apartment, Mumbai has a lot of options for every kind of buyer.
If you are looking out for property in South Mumbai which is in a locality with a good combination of commercial as well as residential spaces and a backdrop of a better social life, then Lower Parel is where you should search for your next home. Lower Parel lies in the middle of Mumbai. A lot of Indian and international companies have their offices in Lower Parel. Hence this has become a sought after option for people looking for luxury homes in Mumbai which are nearby to their workplace.
Here are the top 4 reasons why you should consider investing in Lower Parel.
1. Top Residential and Commercial Projects
Many renowned real estate developers in Mumbai have their residential and commercial projects in Lower Parel. Indiabulls has its residential projects named Sky and Sky Forest in Lower Parel. There are also two commercial properties in Lower Parel named One Indiabulls Centre and Indiabulls Finance Centre.
2. Good Connectivity
Majority of the commercial and residential projects in Lower Parel are well connected via road and rail. Lower Parel is also easily accessible by areas such as Worli, Mahalakshmi, Nariman Point etc. The international airport takes an only 20-minute drive to reach.
3. Offers A Wide Range of Facilities in its Vicinity
Lower Parel has many amenities in its vicinity. You have luxurious malls such as Phoenix mall and Palladium which house some international brands. Four Seasons and St Regis are the top hotels situated here. Upbeat clubs and famous restaurants in Kamala Mills are a delight for anybody who comes to lower Parel.
4. Housing Landscape
There are 1BHK, 2BHK, 3BHK to 5 BHK flats in Lower Parel. They can cost you anywhere from Rs 3 crores to Rs 25 crores depending on the developer of the project. There are also luxury villas and apartments available which can cost you around Rs 31 crores to Rs 85 crores.
There are a lot of real estate builders in Mumbai who are coming with a lot of projects which will provide affordable flats in Lower Parel. Lower Parel is a prime location if you want to experience the energy of Mumbai. It has got all the facilities in its vicinity and will certainly provide a nice upgrade to your current lifestyle. Whether it is only investments or buying a home, you can consider exploring the properties in Lower Parel.