Bandra West, an upscale suburb in Mumbai, is known for its blend of old-world charm and modern amenities, attracting many Bollywood celebrities. The neighborhood's vibrant culture and nightlife, with numerous cafes, restaurants, and boutiques, make it highly desirable. In May, Ashiana and Sagar Tarang Apartments led the real estate market, each closing two deals, while resale transactions dominated. Apartment sizes varied significantly, catering to diverse preferences and budgets, with prices per square foot ranging from INR 15,289 to INR 60,000. Bandra West remains a top choice for both affluent and value-conscious buyers, offering a high quality of life.
Bandra West, an affluent and cosmopolitan suburb in western Mumbai, is renowned for its vibrant culture and upscale lifestyle. This trendy neighborhood combines old-world charm with modern amenities, featuring tree-lined streets, heritage bungalows, and contemporary high-rises. As a hub for entertainment and nightlife, Bandra West offers numerous cafes, restaurants, boutiques, and popular hangout spots. Home to many Bollywood celebrities, it is often referred to as the "Queen of the Suburbs." With its prime location, excellent connectivity, and proximity to the sea, Bandra West offers a high quality of life, making it one of Mumbai's most sought-after residential and commercial localities.
In May, Ashiana Apartment and Sagar Tarang Apartment led the real estate market in Bandra West, each closing two deals, the highest in the area for the month. The remaining 16 buildings registered a single deal each. Resale transactions dominated, closing six deals compared to just one from developer sales. On the high end, an apartment in Trisons Annavista sold for INR 12.31 crore, while a more budget-friendly option in KGN Palace was available for close to INR 52 lakh, catering to price-conscious buyers.
The apartment sizes in Bandra West varied significantly, with the largest unit spanning 3,110 square feet in DLH Signature and the smallest being 180 square feet in KGN Palace. This versatility ensures that Bandra West caters to a wide range of buyer preferences, from families seeking spacious homes to individuals preferring compact living spaces. Prices per square foot ranged from INR 15,289 to INR 60,000, averaging around INR 37,751. Most apartments sold were in the coveted 500-1,000 square feet range, contributing to 45% of the total sales.
Approximately 35% of the apartments were between 1-500 square feet, with two transactions in the 1,000-1,500 square feet range. There was one sale each in the 2,000-2,500 square feet and 3,000-3,500 square feet categories. Nearly 50% of the transactions in Bandra West were within the INR 2 crore range, about 25% were between INR 2-4 crore, and 10% fell between INR 4-6 crore. Three apartments sold for over INR 6 crore, with one fetching a staggering INR 12.31 crore.
Bandra West continues to be a highly desirable locale in Mumbai, blending historical charm with modern sophistication. The robust real estate activity in May, led by Ashiana Apartment and Sagar Tarang Apartment, highlights the area's enduring appeal. With its diverse housing options catering to a wide range of preferences and budgets, along with its prime location and vibrant lifestyle, Bandra West remains a top choice for both affluent buyers and value-conscious residents seeking an exceptional living experience in Mumbai.
Advertisement
Facebook
Whatsapp
