Property Prices In South Mumbai Set To Fall Further

Mumbai: The property prices in south Mumbai is likely to headsouthwards. In fact this prediction has been made by the noted industrialist, Gautam Singhania in a media interaction sometime back.

Talking to Bizz Buzz, Shraddha Kedia-Agarwal, Director, Transcon Developers said, “The potential dip in South Mumbai property prices, as highlighted, could indeed shift buyer interest to suburban regions such as Andheri and Malad. These areas have already been witnessing robust growth, fueled by significant infrastructure projects and commercial development. Andheri, Santacruz and Malad offer a balanced mix of residential and commercial spaces, making them attractive options for both investors and end-users.” As the city evolves with projects like the Coastal Road, we anticipate that these suburbs will continue to attract attention, further boosting their real estate value, she said.

While South Mumbai has traditionally been the epicentre of luxury real estate, the potential shift in prices as highlighted, could open up interesting dynamics in other parts of the city.

Rohan Khatau, Director, CCI Projects said, “Borivali, with its ongoing infrastructure developments and connectivity improvements, is increasingly becoming a sought-after destination for homebuyers who are looking for a blend of affordability and quality lifestyle.” As travel times reduce and connectivity to the business districts of South Mumbai improves, Borivali stands to benefit from a spill-over effect, potentially leading to increased demand and price appreciation in the suburb.