Chembur, the central suburb of Mumbai, is one of the greenest suburbs. It is just 15 km away from Churchgate. Chembur is a residential and commercial area. Like the other suburbs of Mumbai, Chembur is growing at a fast pace.

Chembur has good infrastructure facilities. It has easy access from all the suburbs of Mumbai. Chembur is at the key location, connecting Navi Mumbai and old Mumbai. Chembur has a variety of options for shopping, with Shoppers’ Stop and many other shopping centers. New multiplexes and shopping centers are also on the anvil. In education and entertainment, Chembur is on par with other suburbs. Various schools and colleges, and cinema halls including Ashish, Basant, Natraj, Vijay and New Vijay are present.

The well-known Tata Institute of Social Science is here. Chembur is famous for its Golf Club and RK studio. Gardens like Sadhu Garden, Dr. Ambedkar Garden and Diamond Garden are adding to the beauty of Chembur. Although this suburb is growing rapidly in both residential and commercial sectors, it is not overpopulated and can retain its peace and green atmosphere.

Residential:
Chembur is an ideal location for residential purpose. Chembur has a number of bungalows surrounded by trees. The reasonable property rates are attracting buyers in the residential sector. On other hand, builders have also come up with projects having all modern amenities. The residential property rates in Chembur are in the range of Rs. 2000 to Rs. 3500 sq ft, while rental rates are in the range of Rs. 8 to Rs. 25 sq ft/pm. Reputed builders like Runwal Group, Prima Realty, Sabari Builder and Kalpataru builders, have their residential projects here.

Commercial:
The prospects of commercial market are also bright. Many commercial projects are in progress. Shoppers’ Stop has opened a branch here, and a multiplex is under development. The commercial property rates are also reasonable, as compared to other suburbs of Mumbai. It ranges between Rs. 2500 and Rs. 5000 sq ft, depending upon the exact location and amenities, while the rental rates are in the range of Rs. 15 to Rs. 65 sq ft/pm.

Ghatkopar is a central suburb of Mumbai. Ghatkopar, with a history of more than a century, is one of the oldest settlements in Greater Mumbai. Its strategic location, which facilitates easy access to the key areas of Mumbai, is the primary reason for its growth in residential and commercial sectors. In the recent past, it has been seeing a spurt in growth, with more developmental activities coming up in Navi Mumbai.

Ghatkopar has good connectivity, educational institutions, modern hospitals, and entertainment facilities. Odeon in Ghatkopar (E), Uday and Shreyas in Ghatkopar (W) are some of the theatres here. Besides, it has good shopping facilities, with the famous retail shop, Shoppers Stop, and many small shopping centers such as Jayantvilla, Shree Krupa, etc. Ghatkopar (E) is becoming more popular as compared to Ghatkopar (W). The main reason appears to be the presence of slums and industrial units in Ghatkopar (W).

Residential:
The residential property rates in Ghatkopar (E) and (W) are in the average range of Rs. 3,000 to Rs. 5,000/sq.ft., while rental rates vary between Rs. 10 and Rs. 30/sq.ft. pm. The rates differ depending upon amenities, quality of construction, etc. Since Ghatkopar has easy access to commercial and industrial areas, the rates are a little higher, when compared to the nearby suburbs. Upcoming residential projects in Ghatkopar include Everest Gardens & Nand Ashish by Everest Group, Mahindra Park by Gesco Corporation. Godrej Grenville Park is being developed by Godrej Properties on a 50,000 sq.ft. area

Commercial:
Fast and rapid development of residential market in an area naturally boosts commercial activities. Ghatkopar is no exception to this rule. Ghatkopar is an ideal place for commercial establishments. The commercial property rates are in the range of Rs. 4,500 to Rs.7,000 sq.ft. The retail chain Shoppers’ Stop is present here. Bhaveshwar Plaza, an office/shopping complex is promoted on an area of 45,000 sq.ft. Bhaveshwar Arcade, an industrial-cum-commercial complex is coming up on an area of 40,000 sq.ft. VHP House is developed by VHP builder on 7,000 sq.ft, exclusively for office space. Krushal Commercial Center, spread over 10,0000 sq.ft. area, has been already completed.

Juhu, in the northern suburbs, is a cool and posh area and has some of the prime real estates of Mumbai. Besides, Juhu is also famous as a picnic spot. Juhu Beach is the most popular beach of Mumbai and attracts all Mumbaikars and other tourists. The Iscon temple, renowned for the Hare Rama Hare Krishna movement and the evening aarti is located in Juhu. Juhu has excellent transportation and communication facilities. All the suburbs of Mumbai can be easily accessed from here both by bus and train. Well know industrialist Jamshetji Tata had purchased a plot here in 1890 and built a bungalow. Juhu is a posh residential locality of Mumbai with many bungalows of film personalities. The southern end of Juhu is full of luxurious hotels and apartments. Many reputed schools and colleges are located here. Some reputed hospitals like Nanavati Hospital and N.R. Cooper Hospital are also present here.

As a commercial area, Juhu also has its separate identity. Juhu has a number of five star, four star and three star hotels. These include Sun N Sand, Holiday Inn, Hotel Sea Princess, The Emeralde Hotel, Hotel Ajanta, Centaur Juhu Beach and Citizen. J W Marriott’s, a seven star hotel is also located here. In addition to these hotels, restaurants/coffee bars like Barista, Café Coffee Day, Mahesh Lunch Home, Roti and Dosa Diner are present here. Another major advantage of Juhu is the presence of Sahar International and Santacruz airports nearby.

Residential:
Juhu is considered as one of the posh residential areas of Mumbai. Cine stars have preferred Juhu for their residential place. Hence the property rates are high as compared to other suburbs. The residential property rates in Juhu area are in the average range of Rs. 6000 to Rs.8500 per sq.ft. while the rental rates are in the range of Rs. 15 to Rs. 55 per sq.ft. pm. Reputed builders like Mittal have Megh Apartments, Mittal Paradise and Mittal Ocean View while Rizvi have their projects with super duplex flats and modern amenities.

Commercial:
As a commercial area, Juhu is more known as a picnic spot due to the beach. There are several excellent hotels here along with all the facilities and shopping arcades. Supreme shopping center and Body Basic Beach Haven shopping arcade are some of the names present. The commercial property rates are less than the residential property rates here. The commercial property rates are in the range of Rs. 4500 to 7000 per sq.ft. while the rental rates are in the range of Rs. 50 to Rs. 80 per sq.ft pm.

Kalyan is a satellite town of Mumbai, lying 54 km to the south. Kalyan is characterised by hills and green areas. Kalyan comes under the governance of Kalyan Dombivili Municipal Corporation (KDMC).

Kalyan has been developing fast in both residential and commercial sectors. Kalyan owes its growth to its proximity to Mumbai and location at the junction of south, and east bound railway lines. Another reason for Kalyan’s growth is the industrial areas such as Dombivali, Murbad, Badalapur and Tarapur. Also a number of car spare part manufacturing factories and rice mills are here. Kalyan is mostly populated by middle class people.

Kalyan has quality infrastructure facilities. Local trains running on Mumbai-Karjat and Mumbai-Kasara tracks pass through Kalyan. Educational facilities are very good. Many major convent schools are here.

KDMC (Kalyan Dombivali Municipal Corporation) is doing a lot to improve the infrastructure. KDMC has computerised its operations and created citizen facilitation centers for providing betters services to the public. It is one of the few IT enabled municipal corporations in India.

People, mainly from Dadar, Girgaon and nearby suburbs are shifting to Kalyan and Dombivali. Although Kalyan is more known as a residential area, many commercial projects are also coming up. Mumbai builders are concentrating on Kalyan and developing several residential and commercial projects. Plenty of land is available here, since factories in this area have been shifted to other industrial areas.

Residential:
Kalyan is an ideal residential area for middle class people. The residential property rates are in the range of Rs. 900 to Rs.1200/sq.ft, while rental rates are in the range of Rs. 2.5 to Rs. 6/sq.ft.pm, approximately. These affordable prices, educational and medical facilities are attracting buyers to stay here. With all these advantages, Kalyan is also ahead in entertainment. More than 12 cinema halls and Drama theatres are here. Residential projects like Godrej Hills by Godrej, Lok Surbhi, Lok Udyan,Lok Vatika by Lok Group, Yogi Dham by Ajmera group are in progress in Kalyan. Also Deshmukh Brothers, D.S.K. group, Mantri group, Ravi Constructions are also involved in developmental activities.

Commercial:
The commercial market in Kalyan is also picking up. The areas adjacent to the roads near Kalyan railway station are the important commercial area. Mahavir Shopping Complex, Jojwala Complex and Sreedevi Complex are some of the famous shopping centres. Besides, several small and medium size shops and hotels are also present. The commercial property rates in are in the range of Rs.1500 to Rs. 3500/sq.ft., whereas the rental rates are in the range of Rs.12 to Rs. 35/sq.ft.pm.

It is a boom time for the real estate market in the suburbs of Mumbai. In the Western Suburbs of Mumbai, Malad has been seeing a lot of growth in both residential and commercial sectors, thanks to the increasing demand from Mumbaikars.

Malad is blessed with many shopping centers, good medical facilities, and quality educational institutes. Besides, it has proper transportation & communication facilities. Malad has good picnic spots and is famous for its beaches (Marve / Aksa / Erangal). A few well-known restaurants & hotels, e.g. Landmark hotel, The Resort and Retreat, are present here. Malad has good entertainment facilities. Another advantage of Malad is its proximity to suburbs like Goregaon and Kandivali. All these factors have contributed to the growth of real estate in Malad.

Residential:
The residential market in Malad has seen a steady growth over the years. The affordable prices and the facilities available here are attracting buyers. The Residential property rates for Malad (E) & (W) are in the range of Rs.1800 to 2200/sq.ft. approximately. The upcoming residential projects include Palm Court by K. Raheja construction, Rustomjee Adarsh Regal & Rustomjee Riviera by Keystone Group, Saraswati by D.S. Kulkarni, Serenity Heights, Whispering Heights by K. Raheja Corp and Raj Manor. The following table gives the property rates for Malad and its neighbourhood.

Residential Property Rates:

Commercial:
Malad’s commercial market is also looking up. Most of the reputed companies in IT sector and IT enabled sectors are shifting to Malad, mainly due to attractive property rates, as compared to other suburbs. In addition many shopping centers are also coming up to cater to the needs of growing population. Malad has many shopping centers, e.g. Natraj shopping center, Shivam shopping, Vaishali shopping center, Malad Shopping center on SV road, Shantinath Shopping center near New Era theatre. Vasant Plaza has come up recently. A major, high-class shopping center by Dheeraj builder is to be opened up soon on a 75,000 sq.ft. area. One more commercial project by K. Raheja builder, Mindspace with 350,000 sq.ft, is expected to be complete in 2003. Intelenet Global Services Ltd is promoting their second centre, which covers an area of 2,00,000 sq. ft.

Commercial Property Rates:

Mulund is a green, well-planned suburb of Mumbai, located close to the boundary of Thane and Navi Mumbai. Mulund has seen synchronized growth in both residential and commercial sectors. Mulund, once preferred mainly by the middle class, now offers prime residential and commercial projects. A number of huge residential and commercial projects are coming up here. Despite its rapid growth in residential and commercial sectors, Mulund is not overpopulated, and can retain its peaceful, green atmosphere, thanks to its grid pattern layout by German town planners. The most developed area here is LBS Marg to Mulund-Goregaon link road. A major advantage of Mulund is its easy access to all other parts of Mumbai and good infrastructure. Other major advantages are the presence of shopping malls and super markets, medical facility, entertainment facilities, and sports facilities such as badminton and tennis courts, swimming pool and gymnasium. Several theatres including Kalidas Natya Mandir and Jai Ganesh and Mehul cinema halls are present here. Mulund has also a number of reputed schools and colleges. One more advantage of Mulund is the industrial belt, which is within 30 minutes drive from Mulund.

Residential:
Mulund is emerging rapidly as the best residential area. A host of large and small projects is in progress and many are ready for possession. The areas occupied by some of the closed-down industries have been converted into residential areas. The residential property rates are in the average range of Rs.1500 to Rs. 2500/sq.ft, depending upon the exact location, amenities, reputation of the builder, parking space, etc., while rental rates are in the range of Rs. 2.5 to Rs. 10/sq.ft.pm. Many prime projects, including Nirnal Lifestyle and Takshashila by Nirmal Group, Neelam Nagar by Neelam Group, Indraprasth by Karia Builders and Marathon Galaxy by Marathon Group are coming up.

Commercial:
With the rapid growth in residential sector, the commercial market is also picking up. Many shopping malls and shopping centers are under construction.
Nirmal Group is promoting a huge shopping mall on 500,000 sq.ft area, while Runwal Group is also coming up with another shopping mall on a 300,000 sq.ft area on LBS road. Another commercial-cum-super market (Marathon Cosmos and Marathon Max) is under construction on a 200,000sq.ft area by Marathon Group. The commercial property rates are in the average range of Rs. 2,000/- to Rs. 3,500 sq. ft., while rental rates are in the average range of Rs. 20 to 45/sq.ft.pm

Sion, the strategically located suburb of Cental Mumbai, has been witnessing a steady growth in residential and commercial real estate markets. Sion West is considered a good residential area, while Sion Circle is principally a commercial area. Sion’s biggest advantage is its centrally located railway stations, viz., Sion Station, King Circle and Guru Tej Bahadur Nagar Station. This offers easy access to Sion from allover Mumbai. An additional advantage of Sion is the flyover, which has helped reduce the traffic problem and also the pollution levels. One more plus point of Sion is the excellent service offered by BEST. In addition, Sion also has the benefit of modern hospitals, educational institutes and shopping complexes and entertainment facilities. Sion Talao (Sion Lake) adds to the beauty of Sion. Sion Circle has all the major and retail shops. Other markets are also very close to this Sion Circle. Well-known Lokmanya Tilka Muncipal General hospital (Sion Hospital) is here. Sion Fort is a great place for picnic.

The rapid development of this area has attracted the builders. Sion is one of best emerging places for both residential and commercial sectors. All the major banks like HSBC and Corporation Bank have opened ATM centers here, while a few banks like HDFC, are planning to open ATMs in Sion. Barista has opened their branch here. Dominos Pizzas is present. In educational sector also, Sion is ahead with colleges of South Indian Education Society as well as Guru Nanak Vidyak Society. A number of reputed schools are located here. While a multiplex cinema, Cine Planet I and Cine Planet II are offering entertainment. In addition, Reliance Webstore is opening soon in Sion Circle. All these facilities and advantages are attracting buyers and builders.

Residential:
Sion East is mainly a residential area. The property rates are affordable here. Kalpataru builder is coming up with an excellent project there. The residential property rates in Sion are in the range of Rs. 2800 to Rs. 4000 / sq ft, depending upon exact location, amenities and reputation of the builder. While the residential rental rates are in the range of Rs. 8 to Rs. 30 sq ft pm.

Commercial:
Sion circle, the major commercial area of sector has seen tremendous development in last few years. The commercial property rates in Sion are in the range of Rs. 3500 to Rs. 5200sq ft depending upon exact location and the rental rates are in the range of Rs.20 to Rs. 65 sq ft pm.

Vasai is a town located on the outskirts of Mumbai, in Thane district. Vasai lies about 50 km away from Mumbai and 20 km from Borivali. As a famous picnic spot, Vasai attracts people from Mumbai and its neighbourhood. A number of historical temples are also present in the vicinity of Vasai. Vasai has green surroundings and many beautiful sea beaches. The famous Vasai fort, built by the Portuguese, is another tourist attraction here. Vasai is also famous for bananas. In addition, Vasai is a major supplier of food products, green vegetables, fruits, fish and milk to Mumbai.

The fast expansion of Mumbai urban conglomerate has seen Vasai grow rapidly. Vasai’s growth potential is attracting Mumbai builders and businessmen. Another most significant advantage of Vasai is the industrial belt in Vasai (E). Many large and medium industries are operating here. Builders like Evershine Builder, K. Raheja Corp., KT Builders, Mittal Builders and a few others are engaged in developmental activities in Vasai. Evershine builder has projects in various stages of construction in Vasai. Same is the case with K.Raheja Corp. and KT Builders. Most of the projects in Vasai have commercial facilities such as shopping centers. Vasai is also ahead in education and entertainment. Scores of reputed schools and colleges are here.

Residential:
Vasai (W) is more known as a residential area, while Vasai (E) is a commercial area. Vasai (W) is greener and busy with construction activities. The residential property rates are in the range of Rs. 950 to Rs.1200 sq, ft. in Vasai (W), while in Vasai (E) is Rs. 800 to Rs.1000 sq.ft., approximately. The residential rental property rates are in the range of Rs. 2 to Rs.8 sq.ft. pm. The projects like Vasant Nagari by K.Raheja, Evershine City, Evershine Estate by Evershine Builders are some of the projects in Vasai. Industrial area in Vasai (E) and easy access to Mumbai have contributed to Vasai’s growth.

Commercial:
The commercial activities are also booming here. Easy access, availability of land and the low property rates support the rapid development in commercial sector. The industrial belt in Vasai (E) and KT Industrial Estate developed by KT builders also encouraging the growth. The Builders such as Evershine & KT builders are providing commercial facilities like shopping centers in their residential projects. Mittal builder also has provided such facilities. Vimal Shopping center and Vardhaman shopping centers are the busy shopping centers in this area. The commercial property rates are in the range of Rs. 1500 to Rs.2500 sq.ft., while the rental rates are in the range of Rs. 10 to Rs.35 sq.ft. pm.

Worli is the second largest commercial area in South Mumbai. Worli is also a posh residential area. Worli is emerging an attractive destination in south Mumbai and gaining prominence over Nariman Point. Worli has several key institutions; for example, National Stock Exchange (NSE) and Nehru Science Centre. It also has the famous Worli Dairy. Worli has good connectivity. All business areas of Mumbai can be easily accessed from Worli. Big shopping centers such as Cross Road, West End and Heera Panna are very close to Worli suburb. A well-known Hypermarket by S.Kumar’s is in Worli on a 50,000 sq, ft area. Another advantage of Worli is the sea face, which is an ideal spot for outings in the evenings. Haji Ali and Girgaum Chowpaty are also very close to Worli. Poddar hospital, reputed medical institution, is in Worli.

Residential:
The residential property rates are in the average range of Rs. 4,500 to Rs.11,000/sq.ft, while rental rates, Rs. 20 to Rs. 50/sq.ft. pm, depending upon exact location, amenities, parking space, etc. Sterling Sea face by Shapoorji Pallonji & Co. Ltd., DSK Durgamata Towers by DSK group, Marathon Concord & Marathon heights by Marathon group are some of the major upcoming residential projects.

Transactions:
Worli has seen a number of transactions in last few months. The following are some of the transactions.

Commercial:
The commercial market in Worli is looking bright. According to a survey conducted the market is very active in Worli and Prabhadevi. Taking the advantage of comparatively low rental rates, a large number of corporates are moving to Worli. The commercial property rates in Worli are in the range of Rs. 7,000 to Rs. 11,000/sq.ft., while the rental rates, Rs. 50 to Rs. 90/sq.ft.pm. Hyundai has taken space in Siemens Building. Mercedes Benz has opened a showroom in Worli. Landmarc Citi, a retail shop by S.Kumar’s, is coming up on 2,00,000 sq.ft. area and is expected to completed in the end of 2003.

Transactions:

Borivali lies between Kandivali, a well-developed western suburb, and Dahisar, a small, growing suburb. Borivali has been bustling with residential and commercial activities in the recent past. It has the well-known Sanjay Gandhi Park or Borivali National Park at Borivali, which attracts people from all over Mumbai. The advantages of Borivali include comparatively lower property rates. Hence it attracts a lot of people. The residential complexes at Charkop and Lokhandwala projects have contributed to the growth of commercial market in Borivali. Borivali has two big shopping malls, while one more is under construction.

Residential Market:
The residential property market in Borivali is developing rapidly. The property rates here are reasonable as compared to other suburbs. All the reputed builders in Mumbai have their projects in progress or in ready possession in Borivali. The residential property rates are in the range of Rs.2300 to Rs. 3000/sq.ft for Borivali (E), while for Borivali (W) they lie between Rs.2500 to Rs. 3500/sq.ft. (approx). On other side the rental rates are in average range of Rs. 5 to Rs. 25 /sq.ft. per month for both Borivali East and West.

Residential Projects:

Commercial Market:
The commercial market in Borivali is also looking up thanks to the growth in residential market. Indraprastha and A to Z shopping malls are located in Borivali. One more shopping mall is also under construction. The commercial property rates in Borivali (E) are in the range of Rs. 3000 to 4500/ sq ft., while at Borivali (W) they are in the range of Rs. 3500 to Rs 5000/sq.ft. The rental rates are in the range of Rs.15 to Rs.70/sq.ft. per month, depending upon the exact location of property and other factors.

Commercial Projects/Transactions:

Powai has emerged as a new hub of construction activities in the suburbs of Central Mumbai. Powai has plenty of greenery and has a famous lake. Powai is about 20 miles south of Mumbai city. The location of Powai is its major advantage. All the commercial areas such as Andheri, Bandra-Kurla Complex, Maharashtra Industrial Development Corporation complex, New Mumbai and Santa Cruz Electronic and Export Promotion Zone are very close to Powai. It also has the famous Indian Institute of Technology. Powai is ideal for both residential as well as commercial purposes.

Many reputed builders are developing residential and commercial complexes with excellent amenities and facilities. Hiranandani and K.Raheja are providing not only state-of-the-art amenities, but also at affordable rates. Several MNCs, e.g. Colgate, Bayer, and FedEx, with a few other well-known software companies have moved in. A few companies have also shifted their offices from Nariman Point to Powai.

Powai, like other best suburbs, is seeing the arrival of a few multiplexes. Hiranandani Constructions are coming up with a huge multiplex, which will include commercial offices, a family entertainment center, a shopping complex, restaurants, banks, etc. Transportation facility is excellent at Powai. Flyovers are also coming up in Powai. Definitely, this will be a plus point to attract more buyers in the residential sector.

Residential:
The residential market in Powai has seen massive changes in the last few years. A host of huge projects are ready for possession, while a few others are under construction. The residential property rates in Powai are in the range of Rs. 2500/- to Rs. 3500/- per sq ft. depending upon amenities, exact location and other facilities, while rental rates vary between Rs.20 to Rs.35 /sq.ft.pm.

Commercial:
The commercial market here is also growing very rapidly. Reputed builders like Hirananadani, K. Raheja are coming up with different schemes, while few multiplexes are in the pipeline. The commercial property rates are in the range of Rs. 3000/- to Rs.4000/- per sq ft, whereas the rental rates are in the range of Rs. 35/- to Rs. 50/- per sq ft/pm.

Vashi, located at a comfortable location in Navi Mumbai, is just 45 minutes away from Mumbai. Vashi with its multifunctional nature has emerged as an ideal residential-cum-commercial destination in Navi Mumbai. It is well-planned and has all the modern facilities and infrastructure, which attract businessmen and individuals. Beautiful green areas and a lot of open space are the biggest advantages of Vashi. Several software companies and large and medium companies have already moved in here. Reputed builders have chosen Vashi as their preferred destination. A major advantage of Vashi in terms of residential needs, is the reputed schools and colleges. Excellent infrastructure with good transportation facility is the other major plus point.

Vashi Station Complex, built on a 7,57,289 sq ft area, at the entrance of Vashi node is a top-class railway station. This complex can be easily accessed from Mumbai - Pune highway. The complex has office premises covering an area of 5,91,800 sq ft, while the shopping arcade is on a 1,63,552 sq ft area. ‘The Sprawling Arcade’ is an excellent shopping center at Vashi. This arcade has open restaurants, kids center banks, etc. A huge Millennium Tower by Shirke Group is located at Sector 9. The software park, called International Infotech Park lies close to the Mumbai-Pune highway. Mastek, Datamatics and Aptech are the few of the software companies that have taken offices in Vashi and Sanpada.

With all these facilities, Vashi is also ahead in other services like hospitals, entertainment, etc. Reputed hospitals like NMMC Hospital, New Bombay Hospitals are providing medical facilities here.

Residential:
Vashi has emerged as the best residential option in Navi Mumbai. Vashi is pollution-free, and the rates are affordable as compared to Mumbai. In addition, the excellent infrastructure here is attracting a lot of people. Reputed builders like BlackSmith Developer, Kukreja Construction group and National Builder Nishant have various projects in Vashi, while many constructions are in the pipeline. The residential property rates in Vashi are in the range of Rs.1500 to Rs. 2500 sq ft, while rental rates are in the range of Rs. 3 to Rs.15 sq ft pm.

Commercial:
The commercial market in Vashi is also booming. Several companies are shifting to Vashi from various locations. While a number of commercial complexes are already present, more commercial projects are coming up. In the commercial sector also, all the reputed builders are involved in many new projects. The commercial property rates in Vashi are in the range of Rs.1800 to Rs.3000 sq ft, while rental rates are in the range of Rs.15 to Rs.60 sq ft pm.

Goregaon, known as ‘Land of the Tabelas’, is located between the well-developed suburbs of Andheri and Borivali. Goregaon is witnessing a boom in both residential as well as commercial developments. Goregaon enjoys the distinction of being the greenest suburbs of Mumbai, which is one of the reasons for its fast development. Several residential and commercial projects have come up in Goregaon-Borivali belt within the last two years. Due to its proximity to Bandra-Kurla complex and the low property rates as compared to Andheri and Borivali, residential demands have always been high in Goregaon.

Goregaon is also one of the most developed industrial areas in Mumbai with many small, medium and large-scale industries in different segments like steel, engineering goods and plastics.

Residential:
Goregaon is developing very rapidly as a residential area, especially the Goregaon-Borivali belt. Several residential projects by reputed builders like Evershine Builder, Sales Gesco Corporation and Conwood Group are coming up. Other important facilities like retail markets, schools and colleges, reputed hospitals and restaurants are attracting the middle class segment. On the other hand, builders are also providing quality 2BHK apartments with essential amenities at affordable rates.

New Projects:

Commercial:
Due to fast developing residential areas, the commercial demand is also very high in Goregaon. The shopping malls like City Centre & Washigton Plaza are located in Goregaon (W). A shopping mall, Dynamix SHAGUN, is coming up in Goregaon.

Commercial Property Rates:

Kandivali, the western suburbs of Mumbai, has seen tremendous growth in residential sector in the past few years. Most of the real estate growth here has taken place to the east of the railway tracks. One of the biggest plus points of Kandivali is that it has adequate infrastructure facilities. Also exist here are facilities for shopping, entertainment, education and so on. Another reason for the fast development in Kandivali East is ample land availability.

In sharp contrast, the construction activities in Kandivali West have been at a relatively slower rate, with a few projects coming up at scattered locations.

Thakur village locality adjacent to the Western Express Highway is becoming a preferred destination. This area has witnessed the maximum construction activities in recent times with over 1.5 to 1.6 million square feet of developed properties are likely to come into the market by the end of 2002. Experts are of the opinion that this is the best time to book a flat at the stretch between S.V. Road and the Link road.

The commercial sector is also picking up due to the effect of fast residential development. A multiplex is coming in Thakur village near Challenger tower.

Projects:

Transactions:

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