Why is Worli an ideal commercial real estate investment choice?
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Worli, centrally located in South Mumbai, has
become a popular location for real estate
investment. The city has witnessed large-scale developments on the real
estate front. Worli recently witnessed a surge in property prices due to
limited inventory and high demand. Worli's real estate market has been buoyant,
which can be attributed to various factors.
Commercial real estate in Worli has
been growing at a rapid rate and now seems like a good time to invest in
commercial real estate and reap its full benefits.
Reasons to invest in Worli’s real
estate
Knight Frank’s latest reports suggest that the
registration for premium real estate soared by 57% in Mumbai in 2023. Let’s
understand why investing in Worli’s commercial real estate is a wise decision.
- Upward rental trends
Worli is a premium location in Mumbai with
property prices continuously soaring. Both residential and commercial real
estate in Worli are witnessing property appreciation. Investing in commercial
real estate in Worli will attract high rentals. The demand for office spaces
has been on the rise in Worli and this is the right time to invest in
commercial properties to earn passive income.
- Excellent connectivity
Worli is blessed with excellent connectivity
and this has worked in favour of the real estate sector. Worli is
well-connected to North and South Mumbai. Chhatrapati Shivaji Maharaj
International Airport, Mumbai Central Railway Station, and Sant Gadge Maharaj
Chowk Station on the monorail line are in close proximity to Worli. The ease of
transportation has attracted a lot of working professionals and subsequently
commercial real estate investments in the region.
- Proximity to major business hubs
Worli is one of the major commercial centres
of Mumbai with several commercial centres dotting its skyline. Besides,
Peninsula Business Park, Bussa Industrial Estate, Dhan Laxmi Industrial Estate
and Balgopal Industrial Estate are within a radius of five km which has further
increased the appeal of Worli.
- Developing social infrastructure
Worli has an excellent social infrastructure
with educational institutions, medical facilities, recreation centres etc.
constantly developing in the city. It boasts a rich social infrastructure,
offering a blend of modern amenities and cultural heritage that caters to
diverse needs. Its vibrant social scene, including upscale restaurants and
nightlife options, makes it a sought-after destination for those seeking a
dynamic urban lifestyle. Residential real estate demand in Worli is increasing
which has also led to a demand in office spaces as people are seeking more
work-life balance.
- Upcoming infrastructure
Worli is set to witness infrastructural
upgrades such as the Worli-Sewri Elevated Corridor, and Mumbai Metro Aqua Line
which will further enhance connectivity. The upcoming developments in
infrastructure will increase the appeal of the location, attracting more
commercial investments.
Investing in Worli's commercial real estate
presents a compelling opportunity for businesses and investors alike. With its
strategic location, excellent connectivity, and robust social infrastructure,
Worli is the ideal environment for business growth. The area's evolving
landscape, coupled with its status as a prime business hub ensures high returns
on investment. Investing in Worli's commercial real estate is not just about
owning property; it's about securing a stake in a dynamic and prosperous business
district of Mumbai.
Article authored by: Team Proptranxact
Date: 15th April, 2024