Bandra Replacing South Mumbai as Property Hotspot

June 1, 2008	(Be the first to rate this story!)  Loading ...
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South Mumbai has always been the preferred home to Mumbai’s upper crust for years. But now with virtually no land to be had in the Island City, the elite are moving into the suburbs and Bandra seems to be the hot new destination.

Malabar Hill, home to the city’s elite and till now the most famous of addresses in South Mumbai, is facing serious competition from Bandra, popularly known as the Queen of the suburbs.

And with many famous people moving in, it’s certainly living up to that name. The latest celebrity to move to Bandra is Sachin Tendulkar, who has bought an old Parsi Villa on Perry Cross Road for Rs 39 crore and he has many other famous people as his neighbours.

Shah Rukh Khan’s Mannat on Bandra Bandstand has virtually become a tourist spot just like Salman Khan’s Galaxy Apartments.

Also by the sea, is Abhishek Bachchan’s brand new home Naivedya on Carter Road while Aamir Khan’s has already been living for quite sometime now.

Even Saif Ali Khan has bought his new home in Bandra. And with the hot shots living in Bandra, can the rest of the Bollywood brood be far behind?

Actor Aftab Shivdasani, a true blue townie in fact, has also recently succumbed to the Bandra bug. “Almost 100 per cent of the work happens in the suburbs. Nothing really happens in South Bombay but it was good place to rest my head at the end of a long day,” says Shivdasani.

Not just the entertainment industry, but business offices and consulates too are now moving to Bandra with great speed.

This, even as the current rate there continues to hover around Rs 22,000 per square foot.

But top real estate agents say new buildings in Bandra are often fully booked even before construction is complete.

Real estate agent Prakash Jain says, “Bandra is a very, very popular destination and the kind of buildings that are coming up, the receptions with swimming polls, gymnasium and gardens etc., you don’t find in South Bombay now.”

News Published Under:   Real Estate India, Mumbai |

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