5 Factors That Make Sion a Lucrative Investment for Home Buyers?

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. 

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.

1. Great Connectivity

Strategically located, Sion offers an efficient network of roads and railways connecting to Mumbai's commercial and industrial epicentres.

• Commuting made easy to other parts of the city via Sion railway station.
• Guru Tegh Bahadur Nagar station on Monorail 1 provides access to localities like Chembur and Sant Gadge Maharaj Chowk. 
• Guru Tegh Bahadur Nagar Railway Station, situated on the harbour line, linking Wadala Road to Panvel, lies close to Sion Koliwada. 
• Sion Koliwada is within a 13km radius of the Chattrapati Shivaji Internationa Airport via the Western Express Highway. 
• The Eastern Express Highway is less than a km away, helping connect the Sion locality to Chattrapati Shivaji Terminus and Thane. 
• Dharavi Bus Depot and Chembur Colony Bus Depot are other efficient modes of transportation. 

2. Robust social infrastructure

The central suburb offers its residents the best services for education, medical healthcare, and recreation. 

Schools/Colleges

• Tree House Play Group
• Little More Pre School    
• I.H. Bhatia English Primary School    
• L.K Waghji Mumbai Public School    
• Matunga Labour Camp Upper Primary Marathi School
• Shree Amulakh Amichand Bhimji Vividhlakshi Vidyalaya    
• Little Angels' High School    
• SIES College
• Institute of Chemical Technology    
• Veermata Jijabai Technological Institute

Healthcare centres

• Dr Deosthali Eye Care Centre    
• Iyers Polyclinic    
• Resham Hospital    
• Vaishnav Seva Samaj
• L.T. Municipal Medical College and Sion Hospital    
• Vyas' Surgery    
• Krishna Eye Centre    
• Ashirwad Nursing Home Amravati    
• Mata Lachmi Hospital    
• Sion Hospital    

Office Spaces

• Raiaskaran Tech Park    
• Leela Business Park    
• Powai Supreme Business Park 
• Pinnacle Business Park
• Neelkanth Business Park    
• Neelkanth Corporate IT Park    
• Mirchandani Business Park    

Recreation Spaces (cinemas, restaurants, gardens, etc.)

• Paradise E Square Cinema
• Cinemax Sion
• PVR Cinemas
• Hotel Shraddha
• Gurukripa
• Cafe Madras
• P. Jawaharlal Nehru Garden
• Maharashtra Nature Park
• Pioneer City Park
• Sion Garden Park
• Religious Sites
• Sai Baba Temple
• Shri Krishna Mandir    
• Bramhand Sai Temple    
• Rameshwar Mandir    
• Antophill Church    
• Qureshi Masjid
• Sunni Masjid    

3. Pricing insights

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. 

4. Proximity to commercial and industrial sectors

Benefitting from its strategic location, Koliwada residents can shield themselves from the  Mumbai traffic on most occasions, especially when commuting for work. 

• Commercial hubs, such as Bandra Kurla Complex, Peninsula Business Park and Kohinoor Business Park, are within a 7-9 km range.
• Industrial sectors like Manoj Industrial Estate, Shalimar Industrial Estate and Hammersmith Industrial Estate are within a 4 km radius.
• A 4km range proximity to retail spaces, such as Hemanth Manjrekar Market, MHB Colony Fish Market and Star City Mall.

5. Upcoming developments

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.

• Plans to change the landscape of Dharavi Slum, transforming it into an integrated commercial and residential township
• An upcoming pedestrian bridge is under construction, helping connect Sion Flyover and Sion Hospital.
• Wadala’s upcoming Truck Terminal Station on Mumbai Metro's Green Line is 2km from  Koliwada.

Final Thoughts

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.