The southern tip of Mumbai, also a tourist hub includes Colaba, Marine Drive, and Malabar Hill, to Worli Seaface and then after Mahim creek starts the suburban area of Mumbai, starting with Bandra and then Juhu up to Andheri, Borivali, Kandivali and more. These are the vast suburbs of Mumbai from where millions commute every day. Mumbai’s high-end housing projects have seen an upswing, especially in areas like Andheri (East), Goregaon, Borivali and Kandivali , Kanjur Marg, on the extended western suburbs.
Navi Mumbai and Thane on the eastern side are areas which are seeing a steady growth in the real estate sector. Supply of new residential projects was majorly concentrated in Andheri, Juhu and Santacruz in the western suburb and Powai, Ghatkopar and Chembur in the eastern suburb but with a rise in demand, development has extended beyond these locations. The new projects are for high-end users and mid-end sections. The improvement in economy from the buyers perspective has improved and hence a sudden upward surge in the market. [Read more…]