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Why has Worli been termed a luxury housing destination in Mumbai?

Over the past five years, the metropolis has seen an exceptional demand in the real estate market, especially in 3 & 4 BHK flats in Mumbai’s Prabhadevi, Dadar, Worli, and Lower Parel. The high accessibility of land parcels adjacent to the sea and the need for exclusivity in the micro-markets have drawn the attention of many real estate developers and investors alike.

For any housing investment, connectivity and its strategic location to business hubs like Lower Parel and Bandra Kurla Complex, along with the ease of commute to western suburbs or south-central Mumbai, become the highlights among property searches in Mumbai. Worli has also garnered a positive response from home buyers owing to the upcoming Coastal Road, Metro Line 3, the Worli- Sewri elevated corridor, and the recent development of BMC’s new command centre at Love Grove pumping station.

The BMC’s new command centre at Worli will oversee projects ranging from water supply to novel projects. The facility will also house an exhibition centre to display the civic body’s engineering marvels.

Besides being the landmark for several Grade A office complexes and residential zone for sports personalities, industrialists, and business people alike. The joy of living next to the sea and being closely connected to the center of lifestyle and entertainment zones like the malls, movies, and restaurants around Lower Parel makes all the difference.

According to news sources, Mumbai saw a sale of housing properties for Rs 9,492 crore. With luxury housing sales of 214 units in the previous year. Worli alone contributed 20% of the market. The well-informed HNIs are buying these as high-priced assets for wealth creation. The sales trend of luxury residential properties has remained resilient even in 2022, with 306 housing units sold between January and March.

Many upcoming residential homes around Worli offer amenities that make the prospects of home buying even more attractive. Houses like those at Vraj Tiara in Worli offer 3 & 4 BHK flats with sun decks with 270-degree uninterrupted sea view, have amenities such as a dedicated floor to lifestyle gym, an art gallery in the waiting area, a bell desk with concierge services, and rooftop amenities like jogging track, cafeteria, open to the sky lounge, mini-golf strip, etc.

In conclusion, Worli has always been considered among the upmarket real estate homes. The new infrastructure development around Worli makes connectivity a prime reason to invest, coupled with a lifestyle in the large sea-facing flats with amenities, making homes more appealing for home buyers.

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