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Whether you want to buy a 2 or 3BHK flat in BKC, there are several reasons why it will prove to be a good investment decision. For instance, it offers a well-developed infrastructure and is in close proximity to all the hotspots in the city.
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Buying 3BHK Flats in BKC- A High-end Residential Hub Are you in search for a flat in a high-end project in Mumbai? If the answer is yes, then BKC or Bandra Kurla Complex is where you need to be. BKC has turned into one of the most sought-after localities for premium properties. Developed by the Mumbai Metropolitan Region development Au- thority (MMRDA), BKC not only offers residential units but also commercial properties. It is the most popular commercial hub in Mumbai that has witnessed the growth of luxury homes in the last few years. Whether you want to buy a 2 or 3BHK flat in BKC, there are several reasons why it will prove to be a good investment decision. For instance, it offers a well-developed infrastructure and is in close proximity to all the hotspots in the city. If you are in BKC, the airport is merely 4 kilometres away. There are several good schools, colleges and hospitals in proximity to Bandra Kurla Complex. From shopping centres and entertainment avenues to good restaurants and clubs, if you are stay- ing in Bandra Kurla Complex, you will be close to the best of social infrastructure. In 2016, property rates in BKC ranged between 40,000 to 50,000 per square feet. Rates vary to a great extent depending on the developer you have chosen or the exact location of the project. Property rates are also based on the amenities being provided by the developer. Since most prop- erties in BKC are in the luxury or high-end segment, only high-net worth individuals invest here. As per a report by Knight Frank, following physical and social infrastructure and development of roadways and highways, Mumbai has been topping the residential investment list. At the heart of this investment is BKC that has turned into a sought-after business and residential hub of Mumbai. According to the property experts, with the rise in number of working professionals in the area, need for residential development in BKC has increased to a great extent. Professionals working in large companies or banks prefer to stay in a house that offers them a comfortable and luxurious lifestyle and is close to their office space. Various other factors such as seamless traffic control, proximity to the domestic and international airport is driving investment in residential homes in BKC. Not just BKC but 3BHK flats in Borivali East are also getting popular. Borivali has also turned into a preferred destination for residential property investment in Mumbai. This location also offers good connectivity to the residents because the National Highway 8 or the Western Expressway links Mumbai to Delhi and passes through Borivali East. From this location, the suburban railways net- work is also easily accessible. From Borivali, the international airport is 15 kilometres away. Whether you buy a flat in BKC or Borivali, make sure that you choose a reputed developer. Not all developers can be trusted when it comes to quality construction and timely delivery of projects, so make an informed choice.