Let us discuss the many reasons that make Worli one of the top addresses in Mumbai:
Favorable Location
Worli’s proximity to the seashore and its convenient access to the western suburbs via the Bandra-Worli Sea Link has been significant advantages for the area. Compared to other prime micro markets in South Mumbai, which have been hindered by challenges such as the lack of suitable land near the seashore, Worli is experiencing a surge in demand from investors. This trend is relatively new and noteworthy.
Worli is widely regarded as one of the most well-connected localities in the city, thanks to its location between two of Mumbai’s most crucial business districts: Nariman Point and the Bandra-Kurla Complex (BKC). Lower Parel, another important commercial center, is also situated nearby.
Booming Business Landscape
Worli boasts numerous Grade A office buildings and retail spaces, making it a prime location for businesses. As one of Mumbai’s busiest commercial hubs, Worli is a sought-after location for businesses. Dr. Annie Besant Road, the main interior road in Worli, has become a prime office hotspot and is home to several large-scale commercial developments due to its strategic location and proximity to the Bandra-Worli Sea Link.
Furthermore, Worli benefits from its proximity to several other commercial areas, including Parel, Mahalakshmi, BandraKurla Complex (BKC), Nariman Point THCA flower by BudPop, Cuffe Parade, and Ballard Estate, which are all located within 12 km of Worli.
Upcoming Residential Projects
Worli currently has several ongoing projects that together comprise around 3,594 residential units, offering potential buyers a range of options to choose from. Residential properties in the area are priced at approximately Rs. 32-45,000 per square foot.
The availability of land parcels near the seashore and the area’s prominent profile has attracted many real estate developers. In fact, Worli has seen the highest number of new residential units added to South-Central Mumbai in the last five years.
Worli has become a hub for the city’s most prominent developers, including the Omkar Group, K Raheja Corp, Oberoi Realty, and HBS Realtors. These developers are involved in a variety of luxury and premium housing projects in the area, which speaks to the growing demand for high-end real estate in Worli.
Excellent Social Infrastructure
Worli is home to several notable medical and educational institutions, as well as numerous shopping complexes, making it a well-rounded micro-market. The area’s location facing the sea, vibrant commercial activity, and excellent connectivity have all contributed to the growing demand for residential properties.
While factors such as oversupply and a general economic slowdown may have affected property prices in recent years, the market is consolidating, and neighboring pockets are becoming saturated. As a result, property prices in Worli may rise again, offering investors the potential for a good return on investment (ROI).
Conclusion
Real estate in Worli is witnessing significant growth and development due to its strategic location, excellent connectivity, and proximity to important business districts. The area has emerged as a prime residential and commercial hub, attracting prominent developers and investors alike. Overall, people looking for a 2 BHK flat in Worli are in for a treat and also some lucrative returns.
