Realty hot spot series: This prime location in the heart of Mumbai offers premium homes

In this week's Realty Hot Spot series, we take a look at an area in the heart of Mumbai - Worli-Lower Parel. It is a prime location with sea facing skyscrapers, premium office spaces, upscale infra and excellent connectivity. Worli-Lower Parel is centrally situated, enjoys easy access with airport and key job hubs of Bandra-Kurla Complex, Nariman Point, and Colaba.

Properties here are priced in the range of Rs 24,500-54,000 per sq. ft. A 1-BHK (580 sq. ft) costs an average of Rs 1.73 crore and a 4-BHK (3,180 sq. ft) costs Rs 11 crore on average.

Locality snapshot: Worli-Lower Parel, Mumbai

• Prime location with sea facing skyscrapers, premium office spaces, upscale infra and excellent connectivity
• Major corporate parks include Peninsula Corporate Park, One Indiabulls Centre, Urmi Estate and others
• Key social infra includes Jaslok Hospital, Global Hospital, High Street Phoenix Mall, Palladium Mall, etc.
• Centrally situated, enjoys easy access with airport and key job hubs of BKC, Nariman Point, and Colaba
• Sound connectivity through Bandra-Worli Sea Link, Dr Annie Besant Rd, Tulsi Pipe Rd & Suburban Rail

Price range: Rs 24,500-54,000 per square feet

Supply by BHK

Consumer preference by budget segment (Rs)

Consumer preference by covered area (sq ft)

• Schools 10+
• Hospitals 8+
• Restaurants 20+
• Banks 20+
• Grocery Stores 20+
• Petrol Pumps 8+

Source: magicbricks