Why Investing in New Flats in Bhuleshwar Is a Good Idea?

Home to over 100 temples, Bhuleshwar is an old neighbourhood in South Mumbai, covering an area of 0.51 sq. km, with an estimated population of over 34,000 residents, mainly Gujaratis. A holy destination for many Hindu devotees, you must visit some of the following religious sites.

• Mumba Devi Temple of Mumbai
• Shree Swaminarayan Mandir
• Shri Venkatesh Devasthan
• Shree Hanuman Mandir 
• Shree Kalbadevi Mandir

The Bhuleshwar Market is another iconic place to visit, especially for vegetables and fruits. Other nearby retail outlets include Crawford Market, Mangaldas Market for cloth such as silk, and Zaveri Bazaar for all jewelry ornaments. With affordability in its favour, it's no surprise why there has been a sudden increase in the demand for new flats in Bhuleshwar. Nonetheless, let's look at some of the factors fueling this growth. 

1. Connectivity

Bhuleshwar offers great means and modes of commuting, with roadways like Manish Road, Kalbadevi Road, and Sardar Vallabhbhai Patel Road helping connect the Gujrati-dominated neighbourhood to other parts of South Mumbai. Regarding inter-city connectivity, the Eastern and Western Express Highways are viable options. The Masjid Railway Station on the central and harbour lines, Jacob Circle Station, and Monorail Line 1 serve as other efficient means of transportation, with the upcoming Metro project further easing things. 

2. Robust infrastructure

The locality has a presence of several medical centres, markets, and places for recreation. Some of the most prominent hospitals in Bhuleshwar include:

• Noor Hospital
• Yogeshwar Surgical Clinic and Nursing Home
• The Muslim Ambulance Society Diagnostic Center

The Umbrella Traders Market Area, Sabji Market, and Mahila Fish Market Mahim are popular retail outlets for your daily needs. On the other hand, the neighbourhood has the high-end Palladium Mall for all your recreational needs under one roof. Hence, making the area of interest for residential and commercial developers to build properties. 

3. Affordable housing

Despite being in an upmarket suburban like South Mumbai, Bhuleshwar has many options for home buyers on a budget, with the current average price per sq being an estimated ₹24,292 and rentals in the range between ₹277-₹49,444. For example, a 2 BHK in the upcoming premium real estate Krishvi Escape could fetch you approximately ₹83.39 lakhs. 

4. Proximity to key industrial and commercial centres

Another feather to its cap is Bhuleswar’s proximity to industrial estates such as Mahalaxmi, Parvati, and Jaywant, all within a 7km radius. On the other hand, commercial hubs such as World Trade Centre, Indiabulls Finance Centre, and Bombay Stock Exchange all lie close to the locality. 

5. Social infrastructure (schools, colleges, and entertainment)

Bhuleswar has a host of choices when it comes to educational institutions or places for a casual outing. Here are some of the available options:
Schools/Colleges

• Orchids The International School    
• St Sebastian Goan High School    
• Education Inspector South    
• Edubridge Intl. School
• Hinduja College of Commerce
• Navneet Education Society Night Degree College    
• St. Xavier's College
• Wilson College

Restaurants/eateries/Malls

• Noor Mohammadi Hotel    
• Shalimar
• Hindustan Restaurant    
• Cafe Paradise    
• King Falcon    
• Khans cafe

For those looking to buy new flats in Bhuleshwar, we at Blox are here to streamline your decision-making within 7 clicks. Nevertheless, here are some exciting options.

• Rubberwala Nebula: Located on Bapurao Marg, the realty project offers 2, 2.5, and 3 BHK flats, with a starting price of ₹1.25 Cr onwards and a carpet area ranging between 503-781 sq. ft. Some of its amenities include large green areas, swimming pool, indoor games, yoga area, jogging/cycle track, and CCTV surveillance. 
• Krishvi Escape: Situated at Sitaram Podar Marg, the real estate offering has 2 and 3 BHK flats, starting at ₹83.39 lakhs, having a carpet area between 834-1135 sq. ft. Some of its amenities include a swimming pool, gymnasium, spacious clubhouse, and senior citizen area. 
• Rohan Lifescapes Kshitij: Under the ward, ABCD K M Zaveri Marg Bhuleshwar, the upcoming real estate project offers 1,2 and 3 BHK flats, starting from ₹2.25 Cr, with a carpet area stretching between 497-1067 sq. ft. Some of its amenities include gymnasium, yoga area, kids playing area, and a sewage treatment plant. 
• Sanghvi Aaditya Pearl: Located on Kalbadevi Road, the housing project offers 1 and 2 BHK flats with a starting price of ₹1.38 Cr and a carpet area between 460-583 sq. ft. The amenities include indoor games, a kid's playing area, power backup, and 24x7 CCTV surveillance. 

Conclusion

While Bhuleshwar might be known for its temples, the area offers a lot for those looking to invest, especially in affordable housing. The Sobo locality’s proximity to top commercial, educational, and industrial centres makes it an inviting destination for investment. The old neighbourhood has something to offer for every age group. Hopefully, the above blog and its listed reasons have helped ease your decision if you want to park your money in Bhuleshwar.