A neighbourhood holding historical value, Sion acted as a boundary between Mumbai and Salsette Island during the 17th century. Governed by the Brihanmumbai Municipal Corporation (BMC), the central suburb comprises a population of over 1.5 lakh residents, covering an area of 5.6 sq. km. A well-connected locality known for its wholesale markets and open green spaces, the Mumbai central location has gained a lot of prominence in the real estate market, especially with the rise in demand for 2 BHK flats in Sion Koliwada.
A part of Sion, the Koliwada district has emerged as a viable option for home buyers on a budget. Nonetheless, the central suburb also holds substantial growth potential, offering its residents a safe environment, quality lifestyle, and smart connectivity, among other factors, making it a lucrative investment for home buyers.
Despite Mumbai's rapid urbanisation and modernisation, Sion Koliwada has managed to retain its unique identity and charm. The area is famous for its mouth-watering street food, bustling markets, and colourful festivals, making it a must-visit destination for tourists and locals alike.
Strategically located, Sion offers an efficient network of roads and railways connecting to Mumbai's commercial and industrial epicentres.
The central suburb offers its residents the best services for education, medical healthcare, and recreation.
Schools/Colleges
Healthcare centres
Office Spaces
Recreation Spaces (cinemas, restaurants, gardens, etc.)
The current price per sq ft for flats in Sion Koliwada stands at an estimated ₹37,577, with most buyers preferring properties within the range of ₹50 lakhs. While there has been a recent increase in demand for 2 BHK flats in Koliwada, 1 BHK configuration continues to lead the market. For those looking for an apartment on a lease, rents could range from ₹10,000- ₹4 lakhs.
Benefitting from its strategic location, Koliwada residents can shield themselves from the Mumbai traffic on most occasions, especially when commuting for work.
As residents line up to register 1 BHK and 2 BHK flats in Koliwada, the authorities have been working to improve its infrastructure with some upcoming projects.
Sion Koliwada is desirable for home buyers investing in Mumbai's real estate market. The neighbourhood's excellent connectivity, diverse population, and proximity to major transportation hubs make it an ideal destination for families, students, and professionals. Affordable housing options and the potential for capital appreciation make it a lucrative investment opportunity. The central suburb’s rich history, cultural diversity, and delicious street food only add to its overall appeal.
Overall, Sion Koliwada offers a unique combination of modern amenities and traditional charm, making it a highly desirable location for home buyers looking for a sound investment option.
So, you’ve found your dream home, arranged for the finances to purchase it, and are now ready to live your desired life carefree. But amidst all that, as a new or prospective home buyer, you must not let one critical part of the property purchase process go unnoticed: the sales agreement!
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