Why to Buy Your Dream Home in South Mumbai (SOBO)?

January 8, 2024 | Indextapadmin

AKG Talks with Mr Hitesh Avhad

Indextap presents compelling reasons to make your dream home a reality in South Mumbai (SoBo). Renowned for its opulent charm and iconic landmarks, South Mumbai stands as a testament to luxury living. Boasting a harmonious blend of historical architecture and modern infrastructure, this micro-market provides an unparalleled lifestyle experience. The real estate landscape, curated by industry leaders such as Mr. Hitesh Avhad of Avhad Group, showcases excellence and innovation. With a rich history, thriving cultural scene, and a prime location, South Mumbai not only offers a home but an investment in a prestigious way of life.

Let’s look at the numbers. In the last 5 years, 30% of Mumbai's residential sales came from South Mumbai alone, underlining its position as the most sought after location in the city. According to data, over 15,000 units were launched in South Mumbai from 2017-2022 while sales touched 22,000 units in the same period. The current unsold inventory stands at around 13,000 units. 

What makes South Mumbai such an attractive residential destination?

Firstly, South Mumbai offers excellent social infrastructure in terms of schools, colleges, hospitals, malls and open spaces - things that matter when choosing a home. It has easy access to three major highways and railway stations, connecting it seamlessly to other parts of Mumbai and India. The location allows easy commutes with minimal traffic hassles.

Secondly, South Mumbai gives you the best of everything - scenic sea views, iconic heritage, luxury high-rises, shopping and entertainment - making it a truly international lifestyle destination. Just taking a walk across Marine Drive at night gives you a feel of its unmatched charm.

Thirdly, a South Mumbai address is a status symbol that signals you've "arrived" in life. South Mumbai properties command a premium for their aspirational appeal. An apartment or bungalow here can cost 2-3 times more than the rest of Mumbai.

In addition, South Mumbai offers excellent connectivity. The upcoming Coastal Road and Metro Line 3 will further boost connectivity. All this while retaining its seaside tranquility away from the hustle and bustle of Maximum City. 

South Bombay is an excellent investment place besides all the above points. Over the last few years, the market rate has only grown in south Bombay. Hence, it is an excellent place for making investments and an attraction for all ardent real estate investors. 

And not to forget, South Bombay is the hub for the main offices of various leading organizations belonging to different sectors. If one moves to the neighborhood, they may have a chance to swim along in the waves and find suitable job offers with high packages. 

South Mumbai's property market has tremendous growth potential in the near future as supply remains limited, but demand is strong. As more mega projects come up, it will continue to attract wealthy homebuyers and investors seeking a slice of the luxurious lifestyle.

So, if you dream of waking up to stunning sea views or having an elite South Mumbai address, the time to invest is now. The south beckons you.