Saying Dadar is a popular choice for luxury homes would be a massive understatement. One of the oldest residential sectors of Mumbai, Dadar has had a steady real estate traction in the past decade with minimal to no fluctuations in the average property rates.
While there are numerous factors that have contributed to people flocking to this neighbourhood of South Mumbai, the connectivity is possibly the most important one. In this article, we will take a look at five major factors that have persuaded homebuyers to invest in luxurious 1 BHK and 2 BHKs in Dadar East.
Central Location
As we mentioned before, its well-connected location is arguably its biggest highlight that attracts homebuyers. Dadar offers a wide range of connectivity options via its railway network to several different locations. Regardless of whether your destination is on the Central, Harbour or Western route, you can reach there seamlessly.
With that, the excellent roadways connectivity is also that attracts a majority share of homebuyers. The high frequency of BEST buses also ensure that you can plan your travel easily. To further enhance the connectivity, Mumbai Metro 3 is expected to become operational from December 2023 and it would be connecting Dadar to Colaba, Bandra and SEEPZ.
Social Infrastructure
Another factor that has made people invest in 2 BHKs in Dadar east is its developed social infrastructure. Being a prime location, you would not have to wander too far for anything, be it a vegetable market or a hospital. From top notch educational institutions to world class healthcare facilities, you can find everything in and around Dadar.
The locality is well known for its iconic Shivaji Park that is a great place for families to spend some leisure time with each other.
Booming Luxury Real Estate
Being such a prime location, it comes as no surprise to anyone that the luxury real estate segment is continuously booming in Dadar. The supply too has been aligned with the demand as it has been observed that over 80 percent of the real estate properties are priced between Rs 2 crores to Rs 20 crores.
Furthermore, it was observed that developers, especially in Dadar are now focused on luxury projects and equipping these projects with all the premium amenities.
Infrastructure Expansion
Another factor that has contributed to the growth of real estate in Dadar is the expansion of infrastructure proposed. The locality is set to be a prominent station on Line 1 of the proposed monorail project that will connect the major parts of Mumbai. Additionally, the coastal road project is also in the works and is expected to further improve the connectivity of the locality.
The development of this project would be featuring three interchanges namely, Amarsons Garden, Haji Ali and Worli Seaface. This is expected to put prominent business districts such as BKC (Bandra Kurla Complex), Prabhadevi, and Nariman Point at an arm’s length from Dadar.
Rich Culture and Heritage
Dadar is considered to be the historical soul of Mumbai. The locality is known to host several grand celebrations that attract a large number of pilgrims from the city as well as the state. Furthermore, Dadar also hosted the city’s first ever Navratri Utsav and Durga Puja, so naturally, there is rich history there.
Taking all the above-mentioned factors in consideration, you would now understand why homebuyers are now buying 1 BHKs and 2 BHKs in Dadar East. If you too are on the market and are looking to buy a plush, luxurious property, Dadar should certainly be on top of your list. With all the amenities you could want just a stone’s throw away, Dadar is certainly a beneficial investment in the current scenario.
