Santacruz West: A perfect blending of residential and commercial projects

Santacruz West is widely regarded as one of Mumbai’s premier commercial and residential areas. Purchasing commercial and residential real estate in Santacruz is a good idea, as the neighbourhood has shown to be stable over the long term by providing a reliable return on investment and promising opportunities for expansion. 

This article will explore the Santacruz West real estate market, touching on topics including current property pricing and a summary of the area’s best features.

Santacruz West: Overview 

Santacruz West is an affluent neighbourhood in western Mumbai with a mix of single-family homes, townhouses, and apartment buildings. Since it is so close to the city’s international airport, business and activity are booming there. It also has great access to the city of Mumbai’s most important business districts. Many residential developments, such as PR Lido Towers, Ekta Trinity, Ariisto Sapphire, and Mehta Lilium, have either been finished or are currently under construction in the area.

See also: Andheri: Mumbai’s premier residential and commercial district

Santacruz West: Physical infrastructure

Santacruz West has excellent transportation links to the rest of western and southern Mumbai, attributable to its proximity to the SV Road, western line, Western Express Highway, and Bandra Worli Sea Link. If you’re looking to go to the eastern suburbs, Thane or Navi Mumbai, the Santacruz Chembur Link Road (SCLR) is your best bet.  Santacruz West is just five kilometres from Mumbai’s international airport.

Santacruz West: Social and retail infrastructure 

Some of the best schools in India may be found in or around Santacruz West, including Billabong High International School, Lilavatibai Poddar High School, NMIMS, Mithibai College, Rose Manor International School, SNDT Law College, L.S. Raheja College, and the Usha Mittal Institute of Technology. 

The Hi-Life Mall, Pride Shopping Mall Vile Parle, Link Square Mall Bandra, DB Mall Juhu and Prime Mall Vile Parle are only a few notable shopping centres within a radius of 4.5 to 5 kilometres. Several highly regarded medical facilities, including Nanavati Hospital, Surya Hospital, RG Stone Hospital, Ramakrishna Mission Hospital, and KLS Memorial Hospital, can be found near Santacruz West.

Santacruz West: Nearby employment centres

The neighbourhood is home to several important commercial centres, including the Prime Plaza. In addition to this, it provides an excellent connection to several other commercial centres in the Western Suburbs of Mumbai, including the Shanti Nagar Industrial Estate Vakola (2 kilometres away), the Kalpataru Inspire Vakola (2 kilometres away), the Hubtown Solaris Andheri (4 kilometres away), the Veera Desai Industrial Estate Andheri (7 kilometres away), the SEEPZ SEZ (8 kilometres away), the MIDC Andheri (7 kilometres).

Santacruz West: Property price

Prices for Santacruz West real estate in the Primary Market, Pre-Launch, Soft Launch, or Under Construction range from Rs.29500 to Rs.38000 per square foot (PSF) of built area. Prices for Santacruz West resale properties may range from very low to very high, depending on several factors, such as the building’s age, facilities, and level of construction.

The monthly rent for a three-bedroom apartment in Santacruz West starts at 1.29 lakhs and goes up to three lakhs rupees, while the monthly rent for a four-bedroom apartment in Santacruz West starts at 2.5 Lacs rupees and goes up to five Lac rupees. 

Why is Santacruz West a Good Investment Destination?

Santacruz West is ideal since it’s both a desirable place to live and a bustling hub of activity, with plenty of places to shop, eat, and do business. Investing in Santacruz West commercial real estate might be a smart move for the reasons given below:

• Santacruz is Mumbai’s up-and-coming central business district

The commercial prospects of the Santacruz-Andheri area in the western suburbs have improved due to the relocation of the city’s original CBDs from Nariman point to BKC. The progress made in the region regarding the building of Commercial Retail Facilities is a significant cause for the resurgence of commercial real estate in Santacruz. Investors in this western neighbourhood have found a potential market in the expanding number of ORCs. 

Increases in Floor Space Index and other infrastructural improvements have made the area a major commercial hub in Mumbai. There has been a significant uptick in the number of businesses deciding to centralise their city activities in the micro-market. Demand for retail property in the area has risen as corporations have taken up larger office spaces. The result has been an increase in office construction, with Santacruz confirming an almost tenfold increase in office supply as a result.

• Accessibility is a key factor in the success of this market

Santacruz West’s advantageous geographical position significantly contributes to its recent success. You can get there quickly and simply by train or car from Navi Mumbai and Thane. Kherwadi Flyover and Santacruz Chembur Link Road are two examples of recently finished infrastructure improvements that have improved access to this area. 

Getting to and from the central suburbs by the SCLR is a breeze, especially to and from Kurla, Ghatkopar,  Thane,  and Chembur. Subway lines Milan and Khar provide access to the city’s eastern and western portions. As a result of the new Milan Flyover, travel between the eastern and western parts of Santacruz is much more convenient. Investors and end-users alike find its proximity to both the local and international airports to be very attractive.

• Growth in infrastructure development

The construction of connections has greatly improved access to and travel along Santacruz. Santacruz West will be more accessible due to the projected Mumbai Metro Lines 2 and 3, connecting Dahisar, Bandra, Mankhurd,  Charkop, and Colaba with the Santacruz East and West Express Park. The area’s closeness to upscale dining establishments, shopping centres, and movie theatres further solidifies its status as a premier business hub.

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