Mumbai Report - ICICI Home Finance

Growth Stimulators
Bandra, Khar, Santacruz
�Double
income, coupled with assistance from banks, has made it possible for well-placed
middle to senior management employees to upgrade their lifestyle and move into homes
valued in excess of Rs.1.75 crore in Bandra
�With the diamond market shortly shifting to BKC, the rates have seen an upward movement in
this belt
�Development of CBD in the Bandra Kurla Complex has influenced property growth rates of
both residential and commercial spaces in and around Bandra
�The Bandra-Worli Sea Link Road project by MMRDA has added to the value in the market in
Bandra (W)
�Linking Road has emerged as a commercial centre for Khar, Bandra and Santacruz
Andheri, Jogeshwari
�Connectivity to the airport and to any part of the city through rail and road
�With the Vikhroli-Jogeshwari Link Road nearing completion, Andheri's connectivity to the
eastern suburbs will improve further
�Mumbai Urban Infrastructure Projects has already started work on the Metro link from
Ghatkopar to Versova
�With the construction of malls (Citimall, Crystal Point, Mega Mall and G7 Mall), people have a
wide array of shopping options
�Upgrade of lifestyle, thanks to premium properties, swanky malls and multiplexes
Goregaon, Malad and Kandivali
Premium properties are greatly in demand, with buyers looking for spacious commercial interiors and
amenities that offer luxurious lifestyles.
�Also the quality being offered in these locations plays a major role in attracting high networth
individuals
�The surrounding captive catchment area, a ready market for buyers and availability of
organised shopping under one roof are among the reasons why the suburb is gaining
popularity
�Population has also considerably increased in size and density
�New malls and residential projects in surrounding areas are fuelling this growth
�Call centres in Goregaon and Malad are also driving the market in this area
�Newly married couples who cannot afford properties in Bandra and Andheri but want to be