Residential Review Mumbai Micro Markets Worli & Lower PareL*
October 2024
*Does not include the micro markets of Prabhadevi, Mahalaxmi or Parel.
Social Infrastructure
Access to well-equipped healthcare services.
A well-developed business ecosystem with bustling corporate and hospitality avenues.
High street retail and availability of luxury brands.
The western end offers luxurious living with scenic sea views.
Proximity to various sports facilities, cultural attractions, and recreational options.
Connectivity
South Mumbai and western suburbs via
functioning Coastal Road.
Western suburbs and western express highway
via bandra-worli sea link.
Navi Mumbai via Mumbai Trans harbour link.
Sewri, eastern freeway, and the Mumbai Trans
Harbour Link via Sewri-Worli elevated corridor
(upcoming).
Eastern suburbs, Central Mumbai, and South
Mumbai via the Eastern Express Highway.
Train: Direct access to central line and western
line via connected Parel and Prabhadevi
Stations.
Monorail: Lower parel to Chembur
Upcoming Metro line 3: Colaba to Seepz
Analysis of Under Construction Projects
Chart 1 : Supply Configuration of Launches
Chart 2 : Time to Possession
Key Upcoming Developments
Volume Wise
| Project Name | Launch Date# | Avg psf latest 3 months* |
|---|---|---|
| Marina Bay | Jul-17 | 65,986 |
| Palais Royale | Aug-17 | 76,696 |
| Adrina | Jan-18 | 58,854 |
| Xana | Nov-18 | 91,528 |
| Vista | May-21 | 43,534 |
| Niyaara Phase 1 | Nov-21 | 65,194 |
| Imperia II | Dec-21 | 48,856 |
| Sea Face | Oct-23 | - |
| Niyaara Phase 2 | Jan-24 | 86,041 |
| The Grand Tower 1 | June-24 | - |
Ongoing Projects
Exquisite Residences and Bespoke Commercial Spaces
| Project Name | Palais Royale | Niyaara (P1) | Niyaara (P2) | The Grand Tower 1 | Adrina | Imperia II | Marina Bay | Sea Face | Naman Xana | Vista |
|---|---|---|---|---|---|---|---|---|---|---|
| Developer Possession date Construction status | Honest Shelters 30-12-2024 | Birla Estates 31-03-2028 | Birla Estates 31-03-2029 | Samir Bhojwani 01-01-2028 | Lodha 31-12-2025 | Raheja 31-12-2029 | Sugee 30-06-2025 | Lodha 28-02-2029 | Naman Residency 28-08-2027 | Lodha 30-12-2024 |
| Avg Price(psf) | 68,524 | 56,373 | 86,307 | - | 53,361 | 45,972 | 48,966 | - | 77,451 | 39,727 |
| Avg size(sq.ft.) and Price Range(₹) 1BHK | - | - | - | 1,227 | - | - | - | - | - | - |
| 2BHK | - | 836 3.5-6.7 cr |
- |
- | 959 3.8-6 cr |
- | - | - | - | 653 2.1-3.3 cr |
| 2BHK | - | 1,180 5.4-8.4 cr |
2,065 | - | 1,207 4.8-10 cr |
1,197 4.3-6.7 cr |
1,831 6-15 cr |
- |
- | - |
| 4BHK | - | 2,041 10.5-15.4 cr |
2,896 20-30 cr |
2,891 | - | 1,615 6-10 cr |
3,331 10-34 cr |
- | - | - |
| 5BHK and above | 5,565 22-71 cr |
5,138 17-40 cr |
3,765 27-46 cr |
- | 2,264 9.3-18 cr |
2,000 8.4-11 cr |
- | 11,034 | 8,112 50-65 cr |
- |
| Amenities Recreation & Sports | ||||||||||
| Indoor games & court | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Multipurpose Court | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ||||
| Jogging/cycling Track | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Clubhouse | ✓ | |||||||||
| Fitness Centre / GYM | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | |
| Swimming Pool/Spa | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | |
| Social & Entertainment | ||||||||||
| Banquet Hall | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ||||
| Mini Theatre | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ||||
| Party Lawn | ✓ | ✓ | ✓ | ✓ | ||||||
| Restaurant/Café/Bar | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ||||
| Security & Safety | ||||||||||
| CCTV Surveillance | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Security / Fire Alarm | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Building maintenance staff | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
73%
OF UPCOMING INVENTORY
Note: The listing of key upcoming projects is for informational purposes only and does not constitute any endorsement of a developer or a project.
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