CEN­TRAL MUM­BAI

HT Estates - - HTESTATES -

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.

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