The property is located in the upscale neighborhood of Bandra (Khar West), Mumbai, highlighting the area's growing appeal as a premier destination for high-end real estate.
Bandra WestLuxury Real EstateAvadhoot GupteMumbai PropertyHighvalue Real EstateReal Estate MumbaiNov 06, 2024
Avadhoot Gupte's purchase of a Rs 7.7 crore apartment in Bandra West highlights the area's growing popularity and desirability as a luxury real estate destination. It reflects the confidence of high-net-worth individuals in the market and sets a new benchmark for luxury living.
Bandra West is considered a prime location for luxury real estate due to its strategic location, excellent infrastructure, proximity to key business districts, and a blend of urban chic and serene residential ambiance. It also offers world-class schools, hospitals, and recreational facilities.
The real estate market in Bandra West has seen a significant surge in property values over the past few years, driven by limited supply and high demand. The area's sustained growth, ongoing infrastructure projects, and improvements in public transport have further enhanced its appeal.
The Rs 7.7 crore apartment purchased by Avadhoot Gupte is located in a renowned residential complex and is designed with premium features. It includes a gourmet kitchen, a sophisticated home theater, and expansive balconies offering panoramic views of the city.
The typical buyers of luxury real estate in Bandra West include high-net-worth individuals, international investors, and expatriates. The area's appeal is driven by its prime location, excellent amenities, and the government's efforts to improve the overall quality of life.
India's affluent population is driving the demand for luxury living, and branded residences are becoming increasingly popular.
The current market environment is not offering any value opportunities, says Kenneth Andrade, CIO, Old Bridge Mutual Fund. He suggests that investors should balance their view before taking any investment decisions.
The Thane Ring Metro Rail Project is set to transform the real estate market in Thane, with improved connectivity and accessibility expected to increase property values and drive growth.
A recent report by Finance, a financial services institution specializing in personal finance in India, in collaboration with NAREDCO Maharashtra NextGen, reveals that 29% of homes sold in Mumbai are priced above ₹2 crores.
The real estate investment arm of Mumbai-based Motilal Oswal Alternates (MO Alts) is making rapid progress towards fully deploying its sixth real estate fund. In a strategic move, the company has also added several new developers to its portfolio, further
Hermes Distillery Pvt. Ltd. has made a significant investment in Mumbai’s real estate market by purchasing 10 luxury apartments in the prestigious Marine Lines area for ₹199 crore. This move marks a strategic expansion into the luxury real estate sector.