Why South Mumbai should come under your list of Real Estate Investments?
South Mumbai, often known as SoBo from South Bombay in Anglo-Indian English, is the city center and the southernmost zone of Greater Bombay.
It is officially part of the Mumbai City district. It stretches from the Colaba to the Mahim neighborhoods and includes the city’s key business districts, making it India’s wealthiest urban area. South Mumbai has the highest property prices in India, and they are among the highest in the world. The Global Property Index consistently ranks Cumballa Hills, Cuffe Parade, Malabar Hills, Breach Candy, Altamount Road-Kemps Corner, and several portions of Worli.
South Bombay’s most famous monuments are the Taj Mahal Hotel, the Gateway of India, Victoria Terminus, Ballard Estate, and Bombay Harbour. Antilia, the $1.5 billion house of billionaire Mukesh Ambani, is now a part of the city’s distinctive skyline. The majority of people that live in South Mumbai are from old money business, legal, commerce, and fashion families. South Mumbai is located near the southernmost point of Salsette Island. The phrase “South Mumbai” is used by the majority of city inhabitants to refer to the area stretching from Colaba to Mahim and Sion. The Arabian Sea separates the region from Mumbai harbor on the east and the Arabian Sea on the west.
Price Trends
The starting price of a property in Mumbai South is Rs. 400 per square foot, with an average price of Rs. 34,341 per square foot. The current price trend suggests that both purchasing and selling houses in Mumbai South is beneficial at the present.
Transport
The local rail network of Mumbai terminates here on all three lines. Chattrapati Shivaji Terminus is where the Central and Harbour lines meet (commonly known by its former name of Victoria Terminus, or VT). Long-distance trains stop at Mumbai Central, however, the Western line finishes at Churchgate. Most tourist attractions are easily accessible from the VT and Churchgate stations. Making your way to Andheri station and taking a southbound train to Churchgate is the easiest way to get here from the airport, albeit this approach is not suggested at peak hours, especially if you have luggage.BEST provides excellent service in this area. Buses feature standing room just during rush hour, although they are a pleasant alternative at other times. This location is served by buses of the 1-199 series.
Social Amenities
Many educational institutions, including Cathedral and John Connon School, JB Petit, Campion, Bombay International School, St. Mary’s School, Mumbai, and others; the most exclusive sports clubs, including CCI, The Willingdon Sports Club, and Bombay Gymkhana; and hospitals, including Breach Candy Hospital, Bombay Hospital, Jaslok Hospital, and Hurkisondas Hospital; are located in South Mumbai.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
