4 factors determining Bandra Mumbai flat prices

Bandra, which is fondly referred to as the Queen of Suburbs, is one of Mumbai’s most happening cities. The suburb comprises remarkable social amenities, a well-developed infrastructure providing seamless connectivity to other parts of Mumbai, numerous entertainment zones and a vibrant nightlife. These factors have contributed to Bandra becoming one of the city’s most sought-after real estate destinations. 

The suburb offers various options to homebuyers. Available in various configurations, the apartments ooze sophistication and elevate the homebuyers lifestyle. However, homes in Bandra are expensive and there are many factors responsible for the high cost of properties in the suburb.

In this article we will mention a few factors that determine Bandra Mumbai flat price.

The suburb’s strategic location

Bandra’s uniqueness lies in its exceptional strategic location, which is a main factor determining Bandra Mumbai flat price. Bandra is a dream destination for many homebuyers, especially because of its proximity to leading business districts. 

The Bandra-Kurla Complex, Mumbai’s most prominent business district, is barely three kilometres from the Bandra Station. BKC is home to well known companies, schools, hospitals, etc. Dhirubhai Ambani International School, Asian Heart Institute, IL&FS, Kotak Mahindra Bank, and Unit Trust of India are a few established companies and institutes that are located in BKC. Andheri and Worli are other employment hubs close to Bandra. 

The presence of numerous pubs, restaurants, shopping centres and entertainment areas makes Bandra one of the best places to live in Mumbai. Though property prices are high, Bandra offers an unmatched living experience. 

Quality of infrastructure 

The infrastructure’s quality can significantly impact the property prices. Property rates will be high in a locality comprising good quality roads, highways and a superior public transport system. Bandra is centrally located and has a well-developed road network, which provides easy accessibility to other prime localities in Mumbai. 

The Bandra Worli Sea Link is amongst Mumbai’s most spectacular architectural accomplishments. The Sea Link connects Bandra to Worli, another most sought-after locality in Mumbai, and has reduced travel time to 10 minutes. Earlier it took around 30 minutes to reach Worli from Bandra. 

The Bandra Terminus Railway Station is amongst the busiest stations and from here trains ply to northern and western India. The Mumbai airport offers domestic and international flights and is just 4 kilometres from Bandra. BEST buses, auto rickshaws and taxis are other forms of transport used regularly by the people of the suburb.

Encompassed by green spaces and places of interest 

Mumbai is a congested city and green spaces are hard to find. However, Bandra is one of Mumbai’s few regions where you will find an abundance of green spaces and places of interest. Jogger’s Park is one of Mumbai's most famous parks and is frequented by fitness enthusiasts and nature lovers. 

The park offers ample space making it easy for you to do your morning jog, take a walk in the park or sit on a bench and soak in the fresh air. Some other prominent areas that make Bandra a prime attraction and determine the property prices include Bandra Fort, Linking Road which is popular among shoppers, Pali Hill, Mount Mary’s Basilica, Carter Road promenade and many other areas. 

Demand and supply

Bandra is a sought-after destination and home to many prominent personalities. Given the area’s proximity to business districts, access to social amenities, well-built infrastructure and the high living standards that the locality offers, many people dream of buying a home in Bandra. The high demand can have a major impact on property prices in the region. The current property prices in Bandra are around Rs 9.50 crores, which is much more than many other localities in Mumbai. 

Conclusion 

These are just a few factors that play a crucial role in determining Bandra Mumbai flat price. If you are planning to buy property in Bandra, you can search for premium homes on Blox, one of the leading real estate buying platforms in the country. On the site you will get information about the property’s various aspects like price, amenities, features, area, etc. Though property is expensive in the suburb, it is one of the best places to invest. Besides the superior lifestyle, the  resale value of flats in Bandra is significantly high. If you plan to sell your property in the future, you will be assured of handsome returns.