Worli becomes luxury housing destination in Mumbai

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Worli has transformed into a prime housing destination in Mumbai on account of better connectivity to the Bandra Kurla Complex (BKC) CBD and its array of sea-facing homes and attractive skyscrapers. Worli has a strategic location and easy connectivity to major business zones in the Western Suburbs and South-Central Mumbai. Worli has garnered positive responses from customers in the luxury housing segment. The residential property segment has already drawn several realty developers who are keen on building up market residential properties in order to cash in on the locational advantage.

Worli is home to several landmark office complexes and premium residential housing projects. Worli has become one of the most popular residential zones over the years and is a preferred destination for sports personalities, industrialists and businesspersons along with other celebrities. Worli has benefited from its sheer proximity to the seashore and easy access to the western suburbs through the Bandra-Worli Sea Link. Worli is witnessing sizeable demand from investors which is a novel phenomenon since many other prime micro markets in South Mumbai are bogged down by issues such as non-availability of suitable parcels of land near the seashore.

Worli is also home to several Grade A office buildings and retail spaces. The higher availability of parcels of land in close proximity to the seashore and the higher profile of the micromarket in Worli has already drawn many real estate developers. Worli has already notched up the highest supply of residential units in South-Central Mumbai over the last 5 years. It is followed by Parel, Lower Parel and Prabhadevi.

There are several projects comprising of around 3,594 units which are in various construction stages in Worli and buyers have several options at hand. Residential properties in Worli are being sold for anything between Rs.32-45,000 sq. ft. Omkar 1973 is a venture by Omkar Realtors is a high-end project which is drawing considerable demand on account of the lovely sea views, locational advantages and premium amenities. The project is located along the Dr. Annie Besant Road and has great connectivity to major business hubs in Mumbai. Several luxury skyscrapers are coming up in Worli and infrastructure is also improving rapidly with the Line 3 of the metro connecting Colaba, Bandra and SEEPZ. The proposed Coastal Road will also offer connectivity to major Western Suburbs micro markets.