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