Lifestyle

Tilak Nagar property market: An overview

[ecis2016.org] Tilak Nagar in Mumbai is named after the nationalist Bal Gangadhar Tilak and it is primarily a residential colony. This locality was built in 1960s for the lower middle class people. But over the last decade there have been developments in this area and this colony is not only for the lower middle class people for all. There has been significant growth in commercial sector too in this area.

The Tilak Nagar area has been recently developed. Over the past decade there have been a lot of

improvements in this area and there has been a lot of demand for flats and apartments in this area.

Many real estate builders in Tilak Nagar are constructing flats and apartments here. The flats and

apartments in Tilak Nagar are of varying sizes and amenities suiting the needs of various people.

Developers like F-Residencies, Godrej Coliseum, A & O Realty have constructed several buildings in

various places.

Employment hubs near Tilak Nagar

 The distance from Tilak Nagar to Bandra is 12.5 km via Chembur Road

 The distance from Tilak Nagar to Lower Parel is 10.9 km via Eastern Express Highway

 The distance from Tilak Nagar to Andheri is 8km.

Connectivity with nearby Tilak Nagar localities

 The distance from Tilak Nagar to Chatrapati Shivaji International Airport is 10.2 km.

 The distance from Tilak Nagar to Local Railway Station is 13.6 km

 There are several bus stops which connect with this area.

Schools in Tilak Nagar and other social amenities

The social infrastructure of this place is well developed. There are schools in Tilak Nagar like Holy

Family High School, The Winners Academy etc. There are hospitals in Tilak Nagar like Sun Diagnostic

Centre, Mahanagar Palika Hospital. There are shopping malls in Tilak Nagar like Sai Plaza Shopping

Mall, Janta Super Market etc. There are restaurants in Tilak Nagar like Cafe Edesia etc. There are

Banks in Tilak Nagar like ICICI Bank ATM, Canara Bank etc.

Price trends in Tilak Nagar

The price trend for Tilak Nagar for multi storey apartments from October to December 2016 has

been like: The highest locality price is Rs 17369, the average locality price is Rs 14446, the lowest

locality price is 11523.

Reasons to invest in Tilak Nagar

This area is a developing area and there is high demand of this area both for residential and

commercial purposes. There are several residential complexes of varying sizes with different

amenities for different people. Many business and commercial complexes are also located in this

area. The distance from Tilak Nagar to other important commercial areas are also close by. The

social infrastructure of this area is 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, cinema hall etc. The distance from airport, railway stations etc are close

by. The real estate developers can invest in this area as this locality is one of the fastest growing

areas and also very high in demand among the masses for both residential and commercial

purposes.

Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org

Debora Berti

Università degli Studi di Firenze, IT

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