Bandra East, a suburban area of Mumbai, has witnessed a surge in property transactions in recent years. This growth has raised eyebrows and led to speculations about its reasons. In this blog, we will take a closer look at the reasons contributing to the rise of property transactions in Bandra East.
- Location Advantage
Bandra East's location is one of the prime factors contributing to its growing popularity among buyers and investors. The area is strategically located close to the Bandra-Kurla Complex (BKC), which is Mumbai's commercial hub. BKC is home to several multinational corporations, financial institutions, and business centres, making it an attractive location for professionals and entrepreneurs.
Moreover, Bandra East is well connected to other parts of Mumbai through various modes of transport. The area has excellent connectivity to the Western Express Highway and the Bandra-Worli Sea Link. The Chhatrapati Shivaji International Airport is just a few minutes drive from Bandra East, making it a preferred location for frequent travellers.
- Infrastructure Development
Another factor that has contributed to the rise of property transactions in Bandra East is the infrastructure development in the area. The Mumbai Metropolitan Region Development Authority (MMRDA) has undertaken several infrastructure projects in the region, such as the Santacruz-Chembur Link Road (SCLR), which has reduced the travel time between Bandra East and other parts of Mumbai.
The MMRDA is also developing a metro line that will connect Bandra East to other parts of Mumbai, further improving connectivity and accessibility. Infrastructure development has made Bandra East an attractive location for property buyers and investors.
- Growth Potential
Bandra East is a growing real estate market, and the demand for properties in the area is expected to continue to increase. The area has witnessed significant growth in commercial and residential properties, and developers are developing new projects to cater to the growing demand.
Moreover, the rental yields in Bandra East are higher than in other parts of Mumbai. The area has a high demand for rental properties, primarily from professionals working in BKC and nearby areas. The high rental yields make Bandra East an attractive location for property investors.
- Social Infrastructure
Bandra East is well-equipped with social infrastructure, such as schools, hospitals, and shopping centres. The area has several reputed educational institutions, including the Dhirubhai Ambani International School, the American School of Bombay, and the National Institute of Industrial Engineering (NITIE).
Bandra East has several hospitals and healthcare centres, including the Asian Heart Institute, Holy Family Hospital, and Lilavati Hospital. The area also has several shopping centres, such as the Phoenix Market City Mall and the Bandra Kurla Complex (BKC) Market.
The social infrastructure in Bandra East has made the area a preferred location for families and professionals looking for a comfortable and convenient lifestyle.
Conclusion
The rise of property transactions in Bandra East can be attributed to several factors, including its location advantage, infrastructure development, growth potential, and social infrastructure. These factors have made Bandra East an attractive location for property buyers and investors.
Moreover, the area's proximity to BKC, Mumbai's commercial hub, has made it a preferred location for professionals and entrepreneurs. The development of infrastructure and the growth potential in the area have also contributed to the increase in property transactions.
Finally, Bandra East's well-equipped social infrastructure has made it an ideal location for families and professionals seeking a comfortable and convenient lifestyle. The growth of Bandra East's real estate market is expected to continue, making it an attractive investment destination for property buyers and investors.
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