Bandra Kurla Complex (BKC) in Mumbai was initially designed as a business district by the Mumbai Metropolitan Region Development Authority (MMRDA) but has since experienced an increase in residential development. It was created to serve as an alternative central business district (CBD) to alleviate congestion in south Mumbai.
This planned commercial complex is one of the most sought-after investment destinations in the country. The complex was originally a hub for corporate headquarters, government institutions, banks, and financial institutions and has grown significantly over the past decade to become a thriving hub for premium commercial, financial, and residential activities. Over the years, the growing demand for residential properties in BKC has been on the rise. This increasing demand for space in BKC has made it a lucrative investment destination for investors.
Here are a few reasons why BKC is the best option for living in the city:
1. Strategic location and connectivity
The home's location and being able to get to other parts of the city conveniently are the primary considerations for any home-buyers. BKC won’t let you down in these aspects. One of the main advantages of buying property in BKC is its strategic location. BKC is located in the heart of Mumbai, with excellent connectivity to all parts of the city. Bandra Kurla Complex (BKC) is situated in a central location on the northern side of Mahim Creek. It borders Kurla to the east, Bandra to the west, and Santacruz to the north.
The complex is well-connected by road, rail, and air. The Mumbai airport is just 15 minutes away from BKC. The area is also well-served by public transport, including buses and local trains. The strategic location of BKC makes it a preferred destination for many businesses. The area benefits from its close proximity to Bandra and Kurla railway stations, which serve the Western, Harbour, and Central lines of the Mumbai suburban railway. In addition, BKC enjoys easy access to both the Western and Eastern Express Highways, as well as its convenient location to the domestic and international airports.
2. The world-class social infrastructure in BKC
Another critical factor for any Mumbaikar when choosing a home is accessibility to good social infrastructure. Bandra Kurla Complex is not only a thriving business district but also a well-planned residential area with top-notch social infrastructure. With new and improved infrastructure being developed continuously, Bandra Kurla Complex boasts some of the best schools, malls, parks, hospitals and open areas in the city.
- Schools: The Dhirubhai Ambani International School, Orchid's International and American School of Bombay, are a few leading international schools in BKC providing exceptional education to their students. Parents can rest assured that their children can access top-notch education at BKC.
- Healthcare: With the social infrastructure in Bandra upgrading itself daily, residents have untethered access to the best healthcare centres in Mumbai. Hospitals like Shushrut Hospital and Universal Multispecialty are nearby, ensuring that every healthcare need is catered to in BKC.
- Recreational avenues: BKC is home to some of Mumbai's finest malls, restaurants, and recreational options. Malls such as Jio World Drive offer a wide range of shopping options, from luxury brands to high-street fashion. BKC is also known for its diverse dining scene, with a variety of restaurants serving cuisines from all over the world. From fine dining establishments like Yauatcha and Nara Thai to casual eateries like O Pedro and Cin Cin, there is something to suit every taste and budget. BKC also provides ample space for jogging, cycling, and picnicking.
3. Growing Demand for Office Space
BKC is one of the most sought-after destinations for office space in Mumbai. The area is home to several Fortune 500 companies, banks, financial institutions, and government institutions. The demand for office space in BKC has been growing steadily over the years, and this trend is expected to stay. Investing in BKC can be an excellent opportunity to benefit from this growing demand for office space.
4. World-class Infrastructure
BKC has world-class infrastructure, including wide roads, landscaped gardens, and ample parking space. The complex also has excellent security and is a gated community. There are up-and-coming luxury residential properties that provide residents with a plethora of basic and premium amenities. From in-house gyms and entertainment facilities to luxurious swimming pools and forest trails, these properties offer residents a comfortable and convenient lifestyle. Investing in BKC can be an opportunity to benefit from the excellent infrastructure and amenities available in the complex.
5. High Rental yields and Potential for Capital Appreciation
Investing in BKC can also provide the potential for capital appreciation. The high rental yields make BKC an attractive investment destination for investors looking for regular income from their investments. The area has seen a steady appreciation in property values over the years. With the growing demand for residential space and the limited availability of land in the area, property values in BKC are expected to continue to appreciate in the future. Investing in BKC can be an excellent opportunity to benefit from potential capital appreciation in the long term.
- Maximum Locality Price: Rs 44,365 per Sq-ft
- Average Locality Price: Rs 35,059 per Sq-ft
- Minimum Locality Price: Rs 25,753 per Sq-ft
And these 2022 prices indicate an upward trend ranging between 4-6% from the year before.
Things to Keep in Mind
BKC has several advantages that make it a lucrative investment destination. However, it is critical to note that investing in BKC requires careful consideration and analysis. Here are some additional points to keep in mind:
- Cost of Investment: Investing in BKC can be expensive. The cost of investing in BKC depends on several factors, including location, property size, and amenities. Investors need to carefully evaluate the investment cost and assess the potential returns before investing.
- Regulatory Compliance: Investing in BKC requires compliance with several regulatory requirements. Investors must ensure that they comply with all the applicable laws and regulations before investing in BKC.
- Market Conditions: The real estate market in Mumbai is dynamic and subject to several factors, including economic conditions, government policies, and demand for office space. Investors must keep a close watch on market conditions and adjust their investment strategy accordingly.
- Risk Management: Investing in BKC, like any other investment, carries some degree of risk. Investors need to assess the risks involved and develop a risk management strategy to mitigate them, this can include diversifying their portfolio, choosing a reputable developer or property management company, and conducting due diligence before making an investment.
- Exit Strategy: Investors also need to have a clear exit strategy when investing in BKC. This can include selling the property, renting it out, or holding onto it for long-term appreciation. Investors need to evaluate their investment goals and determine the best exit strategy for their investment.
Conclusion
Keeping all these considerations and benefits in mind, it is wise to have someone like us by your side, to help guide you through your property buying process. If you are interested in investing in BKC, Blox.xyz is a comprehensive real-estate-buying platform that can help you manage and grow your investments. With Blox.xyz, you can track your real estate trends and get real-time guidance to take informed buying decisions. With the right approach, investing in BKC can provide long-term benefits and returns for investors.
