South Mumbai, India’s Dongri area, combines new energy with historic charm. Dongri offers a unique blend of old Indian customs and the contemporary affluence of a densely populated community, making it a fascinating place. It is a bustling commercial hub, diversified and full of cultures.
People with varying budgets and lifestyles choose from various residential alternatives in Dongri, ranging from apartment buildings to spacious cottages. The neighbourhood also has a thriving business community with several shops, a bustling outdoor market and businesses. It provides a plethora of transportation options that are accessible through interconnected bus and train networks for travel around Mumbai as a whole. Play parks, hospitals and other essential facilities are located in this region. Dongri’s real estate market has consistently grown in the last few years.
See also: Circle rate in Cuffe Parade, Mumbai
What are ready reckoner rates?
The government, via the sub-registrar office, notifies property transactions at a minimum fee known as the ready reckoner rate. In certain states, the ready reckoner rate is another name for the circular rate. Selling a house in Maharashtra for less than the ready reckoner rate is nearly complicated. People in Dongri Mumbai can assess their property’s minimal worth with ready reckoner rates.
Ready reckoner rates in Dongri Mumbai
In Dongri, 1 BHK is the most frequent configuration of apartments in this neighbourhood. There are several multistory apartment buildings in Dongri. The data set includes statistics on the various village zones, their accompanying survey numbers and the square metre rates correlating to the different land uses. Dongri hamlet is divided into residential, business and industrial zones by hamlet No. 15/49. On the other hand, 15/50 includes Dongri village’s underdeveloped internal roadways and their surveyed areas. Furthermore, 15/50/A specifies different land rates for applications in hilly and underdeveloped regions.
| Village No. / Zone No. | Details | Rate of Open Land per sq. Mtr. | Residential Building | Office / Commercial On the Above floor | Shop / Commercial on the Ground floor | Industrial Area
|
| Rate of building + land in Rs. per sqm built-up | ||||||
| 15/49 | Land: U – 2 All the properties of Village Dongri.
Gaothan Survey No. 1, 2, 4, 5, 7, 73, 74, 75, 76, 77, 78, 80, 81, 82 |
6310 | 33700 | 38760 | 42230 | 38760 |
| 15/50 | Land: U – 2 All the Properties of Village Dongri. (Undeveloped ) Per Sq. m. Internal / Road
Internal – Survey No. 3, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 79 Road – Survey No. 32, 62, 65, 67 |
3510 | 33200 | 33900 | 37380 | 33900 |
| 15/50/A | Land: A Hilly Area and Undeveloped Part of Village Dongri. | 1390 | 0 | 0 | 0 | 0 |
Real estate trends in Dongri Mumbai
Dongri, a highly favourable region in Mumbai, is recognised for its sectors, large parks and well-planned layouts. The primary real estate trends in the area are listed below.
Dongri Mumbai: Location and connectivity
Its multicultural and diverse housing options characterise Dongri in South Mumbai. There are modern high-rise apartment blocks and historical chawl houses. The area is connected by places such as Churny Road, Mohammad Ali Road, and Bijoola. It is one of the most preferred locations where single people, as well as families, can easily find varied types of housing options as it is located at a strategic position and has easy access to several amenities.
Dongri has excellent access to a variety of transportation options. The existence of several bus lines, convenient access to nearby rail stations and the continuous construction of road networks enhance the accessibility of the region. Furthermore, the planned metro lines and infrastructural improvements are expected to improve connection further, making journeys inside and outside Dongri more straightforward.
Dongri Mumbai: Residential properties
Dongri is an area close to what can be described as one of the central parts of Mumbai. For various socioeconomic classes, it covers multiple types of accommodation, from modern high-rise flats to traditional chawl houses. It is attractive because it is near big cities and the sea and is easily accessible to people living within the noise of Mumbai.
Dongri Mumbai: Commercial properties
In recent years, Dongri’s business infrastructure has seen tremendous evolution. Commercial projects, such as office buildings, retail stores and shopping centres, have increased in the neighbourhood. Due to this development, Dongri is now a thriving commercial centre, drawing companies searching for prime sites inside Mumbai.
Factors affecting property prices in Dongri Mumbai
- Location: The real estate of Dongri, as a suburb of Mumbai, also benefits much from its prime locality. It is located near leading business centres, educational institutions, medical services and transport terminals, making it favourable as a housing or investment choice. The high demand for properties in the strategic positioning of the area within the city influences market trends.
- Infrastructure development: The upgraded road networks, planned metro lines and infrastructural adjustments increase convenience and elevate the city’s attractiveness. These developments usually result in an increase in the value of the properties and an increase in demand for both domestic and commercial premises in this area.
- Demand and supply: Real estate trends in Dongri are hugely determined by a delicate balance in the market regarding property demand and availability of suppliers. With businesses, professionals and people looking for homes and shops, the market adapts. There could be a shortage or a surplus of supply which affects the price level in properties and rent.
- Future Development Plans: The existing and upcoming infrastructure development projects influence the Dongri’s property market. These measures include improvements in roads, metros and general infrastructure upgrades and enhance accessibility. These often result in rise in property prices and increased demand for home and office space.
- Economic factors: Real estate trends are also driven by other economic indicators such as employment rates, rising GDP and general market stability. The real estate market of Dongri is responsive to shifts in the economy, such as the employment rates and the level of income that has a bearing on the purchase power and investment choices in the vicinity.
Why invest in Dongri Mumbai?
- The roads are well-kept and easily accessible by bus, rail, taxi and cab.
- It has both commercial and cultural elements. Dongri is known mainly for its stores and eateries.
- Banks, ATMs, schools, colleges, masjids, mandirs, hospitals, police stations, bus stops, and railway stations are all located near this area.
- The rent is very reasonable.
- The market is constantly bustling with people since it provides all necessities at a very inexpensive and low price with quality.
FAQs
Is it a good idea to reside in Dongri?
One of South Mumbai's well-known marketplaces, Dongri is a suitable place to live with all the amenities easy accessible to the residents. Dongri is well-known for its bakeries, restaurants and street cuisine.
What is the property value method?
Finding the present worth of a real estate investment involves utilising three different ways. The market comparison method is the most common property valuation method.
What does a real estate cap rate mean?
The cap rate refers to the rate at which an investment property is expected to generate income relative to its purchase price.
How is the worth of an antique building calculated?
The number of years after construction divided by the structure's total usable age is the formula used to determine property depreciation. The current price of the building may be obtained by deducting the formula's result from the building's or house's selling price.
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Nisha A Rawat, diligently tracks the residential real estate trends and offers valuable insights in her articles. She’s skilled at making real estate terminology easy to understand, ensuring accessibility for all. Nisha’s articles are well-researched and analytical.
