Mumbai Properties-lbs Marg Shines Thanks to its direct connectivity with Prime commercial destinations of Mumbai like the Bandra-Kurla Complex (BKC), Kalina, CST Road, Jogeshwari-Vikroli Link Road, LBS Marg estate around seething activity. Both commercial and residential properties are selling like hot cake in the region.
Not only LBS Marg, Ghatkopar Mumbai properties around, Powai and Vidyavihar also seeing a surge in demand.
Availability of road infrastructure in conjunction with upper Eastern Express Highway has added fuel growth in the belt, which has solved the problems of connectivity between east and west suburbs.
In addition, the road connects Sakivihar Andheri, and people from Eastern Express Highway can easily lead to a reduction in Airoli, Vashi, Ghatkopar, Chembur and Sion.
The real estate around LBS Marg is really the epitome of how infrastructure boosts property values in the market.
The metro rail first proposed coming up the road Versova-Ghatkopar is one reason to stimulate housing development in the region. The stations of Ghatkopar, Vikhroli, Kanjurmarg, Bhandup and Mulund are disposable at a distance from LBS Marg.
Meanwhile, the IT and ITES sector drives the commercial properties around LBS Marg. Finance, Banking and management consultants and even the premium hospitality majors are aggressively screening of land around the waist of LBS Marg Ghatkopar Thane.
headquarters of companies like Wipro, Accenture, CapGemini, Spectramind WNS, ICICI Prudential, HCC, Colgate Palmolive, Cipla, Johnson & Johnson have already established their base in the region and quite impressive demand is there space for students quality office.
Property values, however, are still far lower than places like BKC, and it is something that is driving the demand curve in the region. According to some sources, the rental rate in this region of Rs 50 to Rs 200 per sq ft against Rs 200 Rs 350 per square foot of BKC.
For more details on Mumbai property prices , log on magicbricks.com
Posted on August 16, 2010.