Fort property market: An overview


Fort, a business centre as well as a posh locality, is situated to the south of Mumbai in Maharashtra

The locality of Fort is surrounded by the docks on its east, Kala Ghoda on its south, Azad Maidan on its west and Chhatrapati Shivaji Terminus on its north. Fort houses the headquarters of the Tata Group and the offices of the Reserve Bank of India and Bombay Stock Exchange. Some prominent landmarks of the locality include Khadi Bhandar, Dawoodi Bohra Administrative Office, JN Petit Library and Siddharth College of Law. The main tourist attractions of the locality include Horniman Circle Gardens, Ballard Estate and Jehangir Art Gallery.

Renowned builders like Sethna Constructions, Neelkanth Group and Neumec, have been giving impetus to the development of real estate sector in the region and dominating the locality.

 

 

Connectivity with nearby Fort localities

The locality is well-connected to various developed areas and a number of hotels, schools, banks and hospitals via an excellent network of railways and roadways.

  • Fort lies close to localities of Devipada, Abhinav Nagar, Jai Jawan Nagar, Asara Colony, Ambabari, Sukarwadi, Chintamani Nagar, Shankheshwar Nagar, Ovaripada, Chinchpada, Dattapada, Magathane and Nancy Colony.
  • BEST and Navi Mumbai Municipal Transport (NMMT) network of bus services are operational here.
  • Chhatrapati Shivaji International Airport is located at a distance of 18 kilometres from Fort.
  • The nearest railway stations include Chhatrapati Shivaji Terminus (CST) and Central railway station which is situated at a distance of 35 kilometres.

 

Employment hubs near Fort

The locality is witnessing an increase in the population in the recent years owing to its proximity to various employment hubs and business districts of Mumbai such as Nariman Point, Colaba, Worli, Bandra-Kurla Complex and connectivity to CBD Belapur, Vashi and Millennium Business Park.

 

 

Schools in Fort and other social amenities

Fort provides all kinds of social amenities to its residents enabling them to live a happy and peaceful life. These amenities include various schools and hospitals. The prominent educational institutes in and around Fort include JB Petit High School For Girls, Alexandra Girls’ English Institution, Cathedral and John Connon School, St Anne’s High School, Bharda New High School, etc. Further, the major health institutions dominating the locality include The Cama & Albless Hospital, Gokuldas Tejpal Hospital, St George Hospital, Bombay Hospital & Medical Research Centre, Sir HN Reliance Foundation Hospital and Research Centre, etc.

Fort is also close to various banks and ATMs. The locality also provides its residents with many luxurious shopping arcades such as Bombay Store, Ashoka Shopping Center, High Street Phoenix Mall, etc.

 

 

Price trends in Fort

  • Price depreciation—Around 30.6 % in the last 1 year.
  • Current property rates—Rs 2,500-Rs 61,667 per sq ft.

 

Reasons to invest in Fort

Although property prices are decreasing at the moment in Fort, yet with the increasing demand, rates are likely to rise again. So, investing in Fort will prove to be both beneficial and lucrative.

The presence of commercial hubs in and around the locality, also make Fort a coveted working as well as a residential destination of Mumbai. Further, big-ticket projects like Bharat Mahal, Pagadi System’s Nobel, Neelkanth’s Shanti Niketan and Hilla Developer’s Gola Lane are also making Fort a posh residential neighbourhood.

Check properties in Fort

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