The Indian real estate market in Mumbai has beaten global trends to show cyclical and rapid changes quarter on quarter.
However one major trend that can be seen is the shifting of focus from popular suburbs to other known areas. For example flats in vile parle are now becoming an increasingly popular choice for the average mumbaikar.
While the dream to have your own 2bhk in Mumbaiwill always be a trend there is one new trend on the horizon. This new trend in Mumbai has been the shift from the traditionally popular western parts of localities to the less in favour eastern parts. Clear trends have emerged in Kanjur Marg East and Bandra East. The retail malls coming up near Kanjur Marg East with better entertainment and lifestyle options have been responsible for the rise in values in this locality. Bandra East, despite being a traditionally less desired spot than Bandra West, has benefitted from the foray by some developers into lifestyle apartments. The fact that it offers an easy connectivity to the Bandra-Kurla Complex that has emerged as the new up market business district in the city has also driven users to this locality. The need to own a flat in Mumbai still remains it’s just the choice of location that has changed.
Mumbai’s market has been particularly vulnerable to consumer sentiment. The 2006-2008 cycle sent end users scurrying to the suburbs in search of affordable real estate. The key stretches that benefitted were Powai, Borivili, Thane and Navi Mumbai. However, active interest was in developers who were completing projects on time. However, property values in Mumbai post 2008 saw a rise beyond the pre-2008 levels with a strong emphasis on luxury developments. When that trend pushed the end user out of the market again, they have moved to the Dhaisar, Bhayander and Vile Parle areas with rental values demand showing actual interest by end users.
In realizing this sudden change of trend Acne Group of builders one of the city’s most recognized builders has an amazing project in Vile Parle East. Their building Legacy at seven feet tall towers over the suburban horizon. The building is fitted with large sized vitrified flooring in the living room and impeccable wooden flooring in the master bedroom. When you step into the building you are welcomed by a grand entranced lobby with state of the art elevators. Each designer toilet in the building has premium fittings with concealed wiring and only the best branded switches. Each flat comes with anodized aluminum sliding doors as well.
The entire building is equipped with high tech security including video door phone and intercom. The building is made with an earthquake resistant RCC frame design. The entire property sits at a really prime location as well. It is walking distance to Vile Parle Station and is incredibly close to SV road as well. If this wasn’t enough the building is just adjacent to the Vile Parle flyover.
With all the reason listed above, it’s easy to see why buying a flat in vile parle seems like a smart investment.
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