Why makes Bandra West a buyer’s paradise?

Bandra West is an established neighbourhood in Mumbai with a high growth potential.

Mumbai neighbourhood Bandra is the kind of setting where you can’t help but feel hip.  Bandra West flaunts some of the principal advantages one would expect in a well-rounded city life, like being homes to the biggest Bollywood stars, fine dining restaurants, trendy and happening pubs, and nightclubs. 

Bandra is a suburb of Mumbai, India, and is often referred to as the “queen of the suburbs” for the way it successfully blends modern conveniences with a healthy dose of traditional Indian culture. The place is very appealing because of the harmonious coexistence of Hinduism, Islam, Christianity, and Sikhism. 

In the past, fishermen and farmers controlled several of the hamlets that now make up Bandra. However, the area has seen a significant change in recent decades.

 

Bandra West: Connectivity 

Bandra is distinguished from other areas by its proximity to the Arabian Sea. Bandra is conveniently placed just beyond Mahim, the western suburbs’ gateway across the Mithi River. Bandra has excellent transportation links to the rest of Mumbai, both north and south, through the Western Express Highway (WEH) and east and west via the Santa Cruz-Chembur Link Road (SCLR). The Coastal Road, the Metro Line 3, and the Bullet Train are all planned future developments.

By Air: A cab from Chhatrapati Shivaji International Airport to Bandra West will take between 30 and 45 minutes to reach your destination, depending on traffic conditions. You can alternatively take the bus to the adjacent Vile Parle station and transfer to the local train to reach Bandra. Rickshaws are also a popular option for cruising through the suburbs. 

By Bus: Bandra West is home to many different bus terminals. There are many bus stops in the area, including the Bandra West BEST Bus Depot, the Bandra Reclamation Bus Station in the ONGC Colony, the Bandra Station Road Bus Stop, the Hill Road Garden on Hill Road, the Bandra Talao Bus Stop, and the National College Bus Stop on Linking Road.

By Local Train: Bandra is a Mumbai Suburban Railway station located on the Western Line and Harbour Line. The Bandra Station serves as a stop for all of the fast and slow local trains since it is one of the important commuter routes alongside Borivali, Andheri, Dardar, and Mumbai Central. 

 

Bandra West: Top reasons to invest

Bandra is home to people of all faiths and cultures, including Hindus, Muslims, Parsis, Christians, Americans, Europeans, and others. Properties in Bandra are in such great demand that they often sell out within a few weeks of being advertised for sale.

  • Bandra West’s potential for development is seen to lie in the expansion of the area’s existing multi-story residential complexes, which now include a variety of different kinds of flats.
  • Apartments with two or three bedrooms are in great demand, but the most in-demand size is the one that runs from one to three bedrooms: the 1BHK.
  • A lot of people are drawn to the area around Bandra West because of the rapid development of its social, retail, industrial, corporate, and recreational infrastructure during the last several decades.
  • Restaurants with mouth-watering cuisines, lively bars, attractive buildings with amenities, and Parisian-style cafes are only the beginning of what the area has to offer.
  • Parks like Joggers Park and Bandstand provide kids with a great place to explore nature, and the salty sea air helps everyone feel at ease.
  • Residents are competing with one another to purchase property in the Bandra reclamation, which is an example of one of these desirable parcels of land. The view from the Bandra reclamation is simply magnificent, and the adjacent beach line has become a major lure. Leading stars have been making purchases of sky villas in one of these pockets recently.

 

Bandra West: Price trends

If an investor wants to maximise their profit, they must respond following the market’s fluctuation in Bandra West, Mumbai real estate prices.

  • Bandra West real estate prices begin at around 8.50 lakhs.
  • The average property price in Bandra West is 9.50 crore, while the average property price in Mumbai is 1.80 crore.
  • The Bandra West listing with the highest asking price is 99.00 crore.
  • Bollywood star Ranveer Singh recently purchased a Rs 119-crore quadruplex in Bandra

 

Bandra West: Apartment rates in 2022 

Locality  Avg Price / Sqft  Price Range / Sqft 
Pali Hill  ₹45,645 ₹3,902 – ₹1 Lakh
Mount Mary  ₹51,421 ₹4,000 – ₹1 Lakh
Ranwar  ₹42,208 ₹2,222 – ₹1 Lakh
Shirley  ₹44,713 ₹26,666 – ₹70,000
Santosh Nagar  ₹34,143 ₹6,000 – ₹59,578
Reclamation  ₹39,526 ₹28,260 – ₹51,849
Tata Block  ₹40,210 ₹38,888 – ₹42,500

 

Bandra West: Ready reckoner rates 

Bandra West ready reckoner rates are the minimum charges required to register a property transaction, as issued by the Maharashtra government via the Mumbai registrar or sub-registrar office. 

  • Bandra West residents must pay stamp duty based on whichever of the following two amounts is greater: (1) the stated transaction value, or (2) the value determined using the ready reckoner rate chart appropriate to the sector or region of Mumbai. 
  • The revised Mumbai-ready reckoner rates reflect the 1 April 2017 increase in rates implemented by the Government of Maharashtra. 

 

Bandra West: Bandra’s consistent growth and prominence

As South Mumbai’s economy has declined, Bandra has become the city’s finest success story of the last decade. Singles with spending power and international students and ex-pats continue to make Bandra a popular choice to live in. Bandra’s citizens have been instrumental in preserving the neighbourhood’s open spaces and flora, making it one of the few neighbourhoods of Mumbai to do so.

 

Bandra West: Places to visit

  • Carter Road

Bandra’s people-watching is a major draw, whether it’s ladies in floral-printed gowns and heels making their way to church or writers penning away in cafés beside models and photographers looking for the perfect shot. You never know when you’re going to run and meet a famous person who also happens to be out doing regular exercise. The restaurants on Carter Road are frequented by individuals from various walks of life, including fitness fanatics, motorcyclists, college students, etc. Furthermore? One might very easily run across a celebrity on Carter road. 

  • Mount Mary Basilica

It is one of the most beautiful and often visited cathedrals in Mumbai. The Basilica of Our Lady of the Mount Bandra, also known as Mount Mary’s, is visited daily by tens of thousands of people of all religions. Climb its ancient steps, light a candle, say a brief prayer, and take in the breathtaking vista. In September, this location hosts the Bandra Fair, where you can sample wonderful local cuisine and purchase it at numerous kiosks.

  • Bandra Fort

The Portuguese constructed Bandra Fort, also known as Castella de Aguada or Bandra Fort, near Lands End, just beyond Bandra’s Bandstand. It is an excellent location for exploration and photography. The Bandra-Worli Sea Link is visible from this location, providing another background for your pictures.

  • Jogger’s Park

Jogger’s Park is an excellent location for running on a red mud track. It is also a pleasant park for strolling. There is a great deal of well-maintained vegetation. There is a playground and duck pond that children will love.

  • Toto’s Auto Shop

Toto’s Garage is a legendary bar that is constantly crowded with locals. Its unusual garage décor, vintage soundtrack, and enticing bar nibbles make it an ideal location for drinks after work.

  • Mannat

One must visit Mannat (from the outside, of course) if they are a Shah Rukh Khan fan. With its magnificent location over the Bandstand Promenade, this once-quaint house is now a soaring multi-story home. Stop over for a quick selfie while you’re out and about in Bandra West.

  • Chuim Village

Chuim Town This little community is located off of Carter Road, and it consists mostly of older cottages and two-story structures. Locals run to and from their disorganised stores and relax on their porches with newspapers.

  • The Olive Restaurant and Bar

In search of a reason to party? You must go to Olive Bar and Kitchen. This is one of the oldest fine dining establishments in Bandra, and it has earned a reputation for its impeccable service, beautiful decor, and tranquil atmosphere.

  • Bandra-Worli Sea Link

Bandra-Worli Sea Link, which connected Bandra and Worli in South Mumbai and was finished in 2009, is a 5.6-kilometre marvel of engineering. The 8-lane bridge is an engineering marvel, but its true splendour can only be appreciated from behind the wheel.

  • Aza

If you’re a fan of designer clothing and are on the hunt for a unique piece, Aza is the place to go. A wide range of both well-known and up-and-coming designers, high-end and affordable apparel, and accessories can be found here.

  • Cheap Jack

To get the greatest souvenirs and trinkets, go to this shop on Hill Road. Everything you could possibly need for your arts and crafts projects can be found right here, including ribbons, buttons, needles, paper, and more.

  • A1 Bakery

Incredibly, this is the finest location to get freshly made bread, and the prices of all the other goodies are ridiculously low. The cookies, cakes, rolls, puffs, and other baked goods from the nearby Hearsch Bakery and American Express Bakery are just as appealing.

  • Chapel Road

Starting from Hill Road and passing past Ranwar Village, Chapel Road eventually leads to Lilavati Hospital. Expats and artists rent out the vintage houses that exist in between the newer developments.

 

FAQs 

Is real estate affordable in Bandra?

The average property price in Bandra West is more than the average property price in Mumbai. Given that the majority of the residents are middle-class to wealthy, it may be rather expensive. However, with the correct location, some solid negotiations, and a skilled broker, it is possible to purchase a house at a reasonable price, particularly in light of the current exceptional scenario.

How much is the rate of stamp duty in Bandra West?

The same stamp duty rate applies across the whole city. Currently, the rate is 5% for men and 4% for women. Also, the rate for joint owners is 5%.

What determines circle rates in Mumbai?

The ready reckoner prices in Bandra West, Mumbai, vary on criteria such as the kind of property, its use, and its facilities. These variables also impact the value of the stamp and registration.

Was this article useful?
  • 😃 (1)
  • 😐 (0)
  • 😔 (0)

Recent Podcasts

  • Keeping it Real: Housing.com podcast Episode 45Keeping it Real: Housing.com podcast Episode 45
  • Keeping it Real: Housing.com podcast Episode 44Keeping it Real: Housing.com podcast Episode 44
  • Keeping it Real: Housing.com podcast Episode 43Keeping it Real: Housing.com podcast Episode 43
  • Keeping it Real: Housing.com podcast Episode 42Keeping it Real: Housing.com podcast Episode 42
  • Keeping it Real: Housing.com podcast Episode 41Keeping it Real: Housing.com podcast Episode 41
  • Keeping it Real: Housing.com podcast Episode 40Keeping it Real: Housing.com podcast Episode 40