Having the best in food, apparel, and top companies in the IT sector; Bandra East is home to the best schools and educational institutes like Dhirubhai Ambani International School, American School of Bombay, University of Mumbai, and the ever-popular BKC the Bandra Kurla Complex.
The Jio World Drive which has around 72 prominent International and Indian brands, 27 culinary outlets offering world cuisine, an open-air weekend community market, and Mumbai's first rooftop Jio Drive-In Theatre can be found here.
High-end restaurants such as Someplace Else. Cou, The Nutcracker, and shopping for top clothing, accessories, and beauty brands such as Emporio Armani, Calvin Klein, Onitsuka Tiger, Kama Ayurveda, Muji, and more can be seen here.
The prominent Jio World Plaza is also a part of this area. The plaza seamlessly incorporates the Nita Mukesh Ambani Cultural Centre, the Jio World Garden, and the Jio World Convention Centre, making it an all-embracing destination for visitors.
Some of the top financial institutions, banks, and leading commercial and professional firms like RBI, Lowe Lintas, Oberoi Hotels, Amazon, National Stock Exchange, TCS, Reliance, Asian, Heart Institute, Edelweiss, and ICICI are part of BKC, and employees working here are amongst the highest paid in the country, earning over 2 lakh rupees approximately.
Besides multinational companies, there are also a few startups and government offices such as the Bombay Stock Exchange and World Trade Center that are a part of this area.
Popular projects like the Magus by Kalpatru, TEN BKC by Adani Realty, Aden by Rustomjee Group, and BKC 28 by Shapoorji Pallonji can be found here. And, 2 bhk and 3 bhk are the most popular type of flats available here.
According to research by Propequity, Bandra East has seen a 200% appreciation in unit price from 2018 to 2024 while its neighborhood locality Bandra West has seen only a 100% rise.
It is also researched that this area has seen an increase of 15% every year from 2019-2024. New projects and gated community properties here developed by renowned developers are likely to see an appreciation in the coming years.
| No. of Unit Supplied from 2014-2024 | Inventory overhang from 2014-2024 |
|---|---|
| 4000 units | 12 months |
The most unique specialty about Bandra East is that the no. of units supplied here in the last 10 years has been 4000 units and the inventory overhang over here stands at 12 months. An inventory overhang within 30 months will generate more returns as the cost appreciation will rise over time.
With that limited supply and an inventory overhang that’s below 30 months, homebuyers looking for a property closer to their workplace and investors looking to buy for investment purposes should certainly consider buying here.
Even developers looking for an area to build their realty projects should not miss out on the opportunity to construct their most coveted and dream projects here.
Presence of top IT companies, banks, and leading financial institutes and luxury brands in BKC and reputable schools and educational institutes, Bandra East can be considered for buying a unit for residential purposes.
With research performed on the price appreciation in the real estate market in Bandra East, it is observed the place should be chosen over Bandra West if looking to buy a unit for investment because of a 200 % rise seen from 2018-2024.
Other reasons that should be a driving factor to invest here are a limited supply of 4000 units and an inventory overhang of 12 months that’s observed from 2014-2024.
With that status of units supplied and inventory overhang from the past 10 years and some of the reputed developers like Adani realty, Shapoorji Pallonji, and Kalpataru projects being a part of this locality, considering buying any property be it a 2bhk, 3 bhk and 4bhk flat could be a wise decision.
Also, having the finest malls, schools, hospitals, and major corporate firms in the whole of Mumbai, Bandra East stands as an upclass region coveted by many.
So, don’t waste the opportunity to invest here. Buy today!
