Monday 26 August 2013

Discovering the Bandra-Kurla Complex as a Developing Real Estate Hub

Discovering the Bandra-Kurla Complex as a Developing Real Estate Hub
If you have been searching for a house for sale in Mumbai, then the coveted area of Bandra-Kurla Complex (BKC) is definitely worth exploring. The BKC region is said to be the most sought-after and strategic residential and commercial real estate location in the city. In fact, it is home to some premium properties, offices, and also consulates. The following article is going to discuss about Bandra-Kurla Complex as an emerging hub for real estate and what makes this location so exceptional, mainly the arrival of consulates.

About Bandra-Kurla Complex
The Bandra-Kurla Complex is a planned settlement in the suburbs of Mumbai. It is a series of growth centers built to stop the concentration of commercial activities and offices in Southern Mumbai. It will decongest the south of the city and support the onset of new planned real estate in the urban region.

BKC boasts several commercial buildings like IL&FS, Bharat Diamond Bourse, NABARD Head Office, Asian Heart Institute, ICICI Bank, Dow Chemicals and Citibank. There is also the Dhirubhai Ambani International School and American School of Bombay located here. The Mumbai Cricket Association's cricket ground is also sited here.

Almost 4 Lac professionals are working in the existing offices all throughout the Bandra-Kurla Complex. The available employment opportunities in this area are drawing a rising number of career-oriented professionals from all over the city to come and relocate here. These professionals are playing an instrumental role in increasing the demand for residential property in the area, making BKC a desirable location for buying houses.

The Arrival of Consulates 

The corporates sited at BKC have ensured the representation of the area as the perfect alternative for a Central Business District location. Other than being home to some major corporate offices, BKC is now the most desirable destination for trade offices and foreign consulates.

It is already home to the US Consulate, the British High Commission and the consulates of Australia and New Zealand. During the past one year, the consulates of France, Belgium and Sweden have occupied their share of real estate in Mumbai’s premium commercial cum residential area. The trend has been part of the proclivity of Mumbai’s consulates and embassies to move to more expedient locations. Consequently, there are more consulates expected to move in.

It is interesting to note that the relocation trend will cause a stir in the real estate market and push the property rates through the roof.  Those closely observing the market would immediately rush to invest in a property here as not only would this be a posh and upmarket area of residence but also a fruitful investment that will reap high profits.  The location will offer high standards of living, regular maintenance, more safety, energy efficient buildings and high-quality construction. Those thinking of buying a home can check out societies/projects like Sunteck Signia Pearl and Signature Island. Let us now take a look at an upcoming project in Mumbai’s Bandra-Kurla Complex.

Upcoming Residential Projects

The Omkar Meridia, launched by Omkar Realtors and Developers Pvt. Ltd., is a new residential venture that is offering apartments in Mumbai. These homes are spread across a built-up area of 1236 square feet and are available for purchase at about Rs.15777 per square foot. The housing society is located away from the clutter and chaos of the crowded areas and offers a variety of state-of-the-art amenities like a clubhouse with swimming pool, gymnasium and a multi-utility hall.

Being in an exceptional location, the residents also get to benefit from, little or no power cuts. If any, the 24x7 power back-up would not let you even notice it. There will be elevators and unmatched security for the safety of you and your family. And, if you need more room to accommodate a bigger family, the project also has an option of 3 BHK flats ranging from 1566 to 1608 square feet of space.

In conclusion, the Bandra-Kurla Complex (BKC) has emerged as a premier real estate hub in Mumbai, attracting both residential and commercial interests. As a meticulously planned settlement designed to alleviate congestion in Southern Mumbai, BKC has rapidly developed into a thriving center for business and upscale living. The presence of major corporate offices and esteemed educational institutions, alongside the arrival of various foreign consulates, has significantly elevated the area's desirability and prestige.

The influx of professionals drawn by the employment opportunities in BKC is driving up the demand for residential properties, making it a prime location for real estate investments. The relocation of consulates further underscores BKC's growing status as a central business district, which in turn is expected to drive property values even higher.

Upcoming residential projects, such as Omkar Meridia, offer state-of-the-art amenities and high-quality construction, promising a superior standard of living. The strategic location, combined with modern facilities like power backup, security, and recreational amenities, makes BKC an attractive option for potential homeowners and investors alike.

As property rates continue to rise, those looking to invest in a home in Mumbai would do well to consider the lucrative and upscale offerings of the Bandra-Kurla Complex

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