Monday 26 August 2013

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 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.

There are almost 4 Lac professionals 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.

Author bio: Being a prolific writer, Devika Arora is dedicated to studying the current property trends and compiling facts for the benefit of potential investors. Her articles and other write-ups analyze the realm of Indian real estate and its prospects. The above piece of work discusses about property for sale in Mumbai.

Do you have have any questions or suggestions? Fill free to write in comment section.

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