Mumbai Report - ICICI Home Finance
Mumbai Report - ICICI Home Finance
Mumbai Report - ICICI Home Finance
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close to these locations prefer Goregaon and Malad<br />
�Easy accessibility to the Western Expressway and link roads like the Vikhroli-Jogeshwari Link<br />
Road, the proposed Goregaon-Mulund Link Road and the MUIP's (<strong>Mumbai</strong> Urban<br />
Infrastructure Project) plan to start a Metro link (Charkop to Colaba) which will give this area a<br />
bright future<br />
�Widening and concretisation of the Western Express Highway up to Mira Road is on the<br />
cards. This would reduce travel time to a great extent<br />
�Another significant point is the demand for residential leasing in this belt<br />
�The growth in the capital and rental values is mainly due to the lack of space and the high<br />
demand of these locations<br />
�Kandivali's speedy growth is due to several reasons - its proximity to Borivali, a well<br />
developed suburb and a major railway junction<br />
�The fact that being a part of Greater Bombay (the third suburb from the northern end) which<br />
has good infrastructure of water/rail, electricity, roads, temples, schools, colleges, hospitals,<br />
and shopping complexes is a big advantage<br />
Borivali, Dahisar<br />
�The connectivity of railways – Borivali being a train terminal for long distance trains, makes<br />
these areas quite accessible<br />
�Community affection in Borivali drives the residential market here. There is a huge demand in<br />
Borivali by the Gujarati business community who prefer to be closer to their workplace<br />
�Borivali, with a cosmopolitan population, has clean and green surroundings<br />
�Quick access to the Western Express Highway and proximity to Sanjay Gandhi National Park<br />
makes these upcoming properties extremely popular<br />
�Hospitals and academic institutions like St. Francis, plus good connectivity through buses,<br />
have developed Dahisar considerably<br />
Mira Road, Bhayendar<br />
�A 1-2 BHK in this patch can range from anything between Rs.10-35 lac, which satisfies the<br />
budget of an average middle class family<br />
�This market is driven by sheer affordability factor<br />
�Most of the new projects offer facilities like gyms and gardens, A-grade fixtures and fittings<br />
and modular kitchens<br />
�Peaceful and verdant surroundings, as compared to the hustle-bustle of <strong>Mumbai</strong><br />
�The number of residential complexes has grown, with ultra modern projects from RNA,<br />
Evershine Builders, Kanakia Constructions, RNA (AA) and so on
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