5 Reasons Why Worli Is Becoming Mumbai’s Top Address

Worli in Mumbai is making waves with the who’s who of the maximum city making a beeline to buy properties here. From location to social infrastructure – we list the top 5 reasons why Worli is emerging as Mumbai’s most sought after address.

1) Location, location, location

Many agree that Worli is among the best connected localities in the city. It lies between two of the city’s most important business districts – Nariman Point and the Bandra-Kurla Complex (BKC). Lower Parel, another important commercial center lies in the same neighbourhood. The Bandra-Worli sea link makes commuting to the suburbs easy and other mega infrastructure projects like the Coastal Road and Metro III are being planned, which will only boost connectivity.

2) Land, land And More Land

While most of South Mumbai and the BKC is struggling to find land, Worli has access to a great supply thanks to the presence of numerous old mills and old residential colonies that are in dire need of redevelopment. Construction activity in Worli has increased as developers rush to launch projects here.

3) Choose From The Biggest Developers

Worli is a luxury housing hotspot. That is why you can find the city’s biggest developers here, including names such as the Omkar Group, K Raheja Corp, Oberoi Realty and HBS Realtors, all of whom are building a range of luxury and premium housing projects here.

4) Pay High Prices For Exclusivity

These luxury housing options do not come cheap with data from JLL showing prices ranging from Rs 30,000 per sq. foot to Rs 42,000 per sq. foot. This makes Worli a favourite of Mumbai’s rich and powerful with CEOs, NRIs and the Bollywood crowd rushing to buy homes here.

5) Social Infrastructure Is In Place

Worli already has well-developed social infrastructure with some of Mumbai top hotels and restaurants in the region, along with malls, movie theatres and open spaces. Move into Worli and you will not have to worry about being entertained.

While everything looks good on the surface, local infrastructure in Worli is still not enough to handle the ever increasing population with roads, water and sewage systems being stretched to the limit. These must be immediately upgraded if the population is to grow further.

Reporter : Ashwini Priolker, NDTV
Web Editor : Nikhil Narayan Sivadas, NDTV

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