The city of Mumbai has undergone a tremendous transformation over the past few decades. From towering skyscrapers to luxury housing projects, from expansive commercial spaces to swanky malls, the city has charted an unbelievable yet exciting growth story. With lofty aspirations and dreams, Mumbaikars have truly transformed the way the city looks and lives.
The rise of the suburb is perhaps the most defining chapter of such phenomenal growth. The constant expansion of the city's limits, along with the Municipal Corporation of Greater Mumbai chronicles the growing population and housing needs of the city. However, Sewri has been a surprising exception to this developing story.
Sweri – In Sharp Focus
Located on the eastern fringe of Mumbai, Sewri has remained hitherto unnoticed by both homebuyers and real estate developers in the city. This is indeed surprising, given the phenomenal attention received by neighbouring suburbs like Wadala, Dadar, Byculla, and Parel. Sewri seemed to be lost in a time warp of chawls, scattered industries, warehouses, and rundown buildings, but this has started to change. This locality has started to attract infrastructural investments and the attention of at least a dozen builders who have acquired land here. Some of the top developers of Mumbai, such as Shapoorji Pallonji, RNA Corp, Parikh Group, and Peninsula, have upscale, luxurious projects coming up in Sewri.
Real Estate Goldfield
Sewri's greatest attraction is its location. Part of the highly developed South Bombay (SoBo), Sewri boasts of excellent connectivity with adjacent commercial hubs such as Dadar, Parel, BKC, Worli, Mazgaon and Colaba. The MMRDA (Mumbai Metropolitan Region Development Authority) has big plans for Wadala. Sewri's northern neighbour is all set to be Mumbai's next commercial hub and business district. The eastern freeway that passes through the heart of Sewri offers road access to Chembur and Navi Mumbai.
Sewri's greatest attraction, however, lies in the Mumbai Trans Harbour Link that connects Sewri with the upcoming commercial hub and planned satellite city of Navi Mumbai. The new Mumbai airport at Navi Mumbai will be accessible within a few minutes through this world-class 21.8 km long sea link that will likely be completed by December 2023. This is a one-of-its-kind infrastructural project which uses orthotropic steel decks.
The proposed Sewri-Worli connector is another development that has caught the fancy of real estate investors. The 4.5 km long flyover is just what Mumbai needs to bridge the east-west divide and make Sewri a real estate goldmine.
Development and Redevelopment
One of the major advantages that the city's developers have discovered is that Sewri offers a great deal of scope for both the development and redevelopment of buildings that were built several decades ago. But what is it that attracts home buyers? While Sewri's own social infrastructure is in its nascent stages, the nearby localities have more than enough to share. The one thing that Sewri has going for it is the one thing every Mumbaikar wants in his/her home – a seafront. The glorious sea views are part of the reason high-rises are much in demand.
Living in Flamingo Land
The Sewri wetlands form part of the mangrove belt of Mumbai, which is known for its ecological richness and varied biodiversity. The mudflats between Sewri and Trombay are the winter home to two different species of flamingos that migrate here from Gujarat. Between October and June each year, the marshlands and coast of Sewri are filled with these majestic pink birds - a sight to behold. It is this love of natural beauty and the dichotomy of urban development with environmental glory. Developers and builders of Mumbai are very conscious of this fragile balance and work hard to retain it.
The El Dorado of Mumbai
Sewri is the promise of luxury. The projects coming up in this locale are upscale and grand and offer a dream lifestyle. The frenzy of redevelopment has brought existing residents and chawl owners a hefty gain on their property values. Property values have risen from an average of INR 14820 per square foot in 2009 to INR 28000 per square foot in 2022. Moreover, the promise of better water supply and infrastructural development has made it all the more attractive to both commercial and residential real estate investors.
Why Should You Buy a House in Sewri?
There are several compelling reasons to consider buying a house in Sewri. Here are a few key points:
- Emerging Real Estate Destination: Sewri is an emerging residential destination in Mumbai, offering opportunities for investment and growth. The area has witnessed significant infrastructural development, including improved connectivity and urban amenities.
- Strategic Location: Sewri enjoys a strategic location, providing convenient access to various parts of Mumbai. It is well-connected to important areas like South Mumbai, Central Mumbai, and Navi Mumbai through road and rail networks. The Sewri-Nhava Sheva Trans Harbor Link (MTHL) project is expected to further enhance connectivity in the future.
- Developing Infrastructure: The infrastructure in Sewri has been evolving, with the development of modern residential complexes, commercial spaces, and social amenities. The area offers a range of schools, hospitals, shopping centers, and recreational facilities for residents.
- Scenic Views and Nature Reserves: Sewri is known for its stunning views of the Mumbai skyline, especially during sunrise and sunset. It is also home to the Sewri Mudflats, a significant bird-watching site and a habitat for migratory birds, making it an attractive location for nature enthusiasts.
- Investment Potential: As Sewri undergoes development and transformation, it presents potential for property appreciation over time. The growth of infrastructure, improved connectivity, and evolving real estate market make it an appealing investment option.
Conclusion
Mumbai is the ever-evolving land of development and growth. The City of Dreams is just the place for industrious Mumbaikars to find their home and put down roots. Sewri is the next step in this transformative story and is all set to change the city's skyline. The city administration and real estate industry experts have debunked any ecological concerns, saying that the developers strictly adhere to set norms and guidelines for environmental protection. In fact, it is this unique blend of natural beauty and luxury living that makes Sewri both unique and attractive.
