Prabhadevi property market: An overview

[ecis2016.org] Prabhadevi is one of the most popular localities of south Mumbai. This locality is between the posh locality of Worli and the famous Shivaji Park residential zone. It is one of the most developed areas of Mumbai, with increasing number of residential and commercial complexes. It is mostly a residential area with several high-rise apartments and complexes. The top residential buildings in Prabhadevi are Beaumonde, Sumer Trinity Towers and Inder Towers. The most important landmark of this area is the Shree Siddhivinayak Temple

Prabhadevi is an important residential area with notable Bollywood actress’ homes like that of Deepika Padukone, Sulochona Latkar, etc. It is located in the southern part of Mumbai and with its neighbouring areas such as Worli and view of the Arabian Sea, this area is one place where all people dream to own a home. The real estate of Prabhadevi is extremely well-developed and the demand for this area is on the rise, as residential and commercial complexes are increasing. It is one of the posh areas of Mumbai. Several builders in Prabhadevi are Ajmera Cityscapes, Sky Scraper Realtors, etc., who are constructing residential complexes. There are flats is Prabhadevi ranging from 2-BHK to 5-BHK. The amenities and services vary according to the buyer’s budget. There are several apartments and independent houses in Prabhadevi too.

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Connectivity with nearby Prabhadevi localities

• The distance from Chhatrapati Shivaji Maharaj International Airport to Prabhadevi is 17.6 kilometres.
• The distance from Mumbai Central railway station to Prabhadevi is 6.8 kilometres.
• There are several bus stops which help to connect with other parts of the city.

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Employment hubs near Prabhadevi

• The distance from Bandra to Prabhadevi is 5.9 kilometres.
• The distance from Vikhroli to Prabhadevi is 16 kilometres.
• The distance from Andheri east to Prabhadevi is 15.1 kilometres.

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Schools in Prabhadevi and other social amenities

Various schools in Prabhadevi include Convent Girls High School and Our Lady Of Salvation High School. The hospitals in Prabhadevi are Punamiya Hospital and Desai Hospital & Maternity Centre, among others. Shopping complexes in Prabhadevi are Century Bazaar and Platinum. Banks and ATMs in Prabhadevi include Canara Bank ATM and HDFC Bank ATM. The various restaurants in Prabhadevi Include China Valley and Domino’s Pizza.  Parks in Prabhadevi include Mayur Garden and Savitribai Patra Chawl Garden.

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Price trends in Prabadevi

The price trends in Prabhadevi, from October 2016 to December 2016, have been as follows: The highest rate for multi-storey building is Rs 49,095 per sq ft, the average rate is Rs 39,558 per sq ft and the lowest rate is Rs 30,081 per sq ft.

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Reasons to invest in Prabhadevi

Prabhadevi is one of the most important areas of Mumbai today. It is a posh area and it is also surrounded by other posh areas. In this area the most important offices and business hubs are located and along with it are luxurious residential complexes. Big real estate developers are investing a lot in this area. It is located in the heart of the city and all the important localities are close by. The social infrastructure of this area is also very well-developed, with many schools and colleges. There are many well-equipped hospitals that provide a wide range of facilities. There are many refreshment options too, like restaurants, parks and cinema halls. The airport and railway stations are also close by.

Check Properties at Prabhadevi

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Source: https://ecis2016.org
Category: Lifestyle