Central Mumbai, emerging as a prominent residential market on the back of premium residential and social infrastructure developments, has around 2% of the under-construction units in the MMR. This micro-market has also emerged as a premium office market for occupiers from the banking financial services and insurance (BFSI) front office segment
and corporate headquarters of corporations from the manufacturing, media and consulting sectors. The Mumbai monorail will pass through this micro-market once the second phase of 11.2 km, connecting Wadala and Jacob Circle, is operational by 2016. This will increase the attractiveness of this market and ease the burdened traffic conditions in the densely-populated locations of Dadar, Parel and Lower Parel.