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Luxury living: Check out these Mumbai buildings perennially in demand

Parag Shinde June 23, 2014, 17:12:22 IST

[caption id=“attachment_88556” align=“alignleft” width=“860”] In a city like Mumbai, the concepts of luxury and affordability tend to be mutually exclusive concepts. Given the ever-escalating shortage of land in the city, coupled with the skyrocketing cost of construction, property price increases and multiple new taxes introduced in the last budget have conspired to push up the consumer cost of buying homes. Nevertheless, here are some landmark Mumbai buildings that are always in demand.

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Luxury living: Check out these Mumbai buildings perennially in demand

[caption id=“attachment_88556” align=“alignleft” width=“860”] Samudra Mahal, Worli. Sachin Gokhale/ Firstbiz In a city like Mumbai, the concepts of luxury and affordability tend to be mutually exclusive concepts. Given the ever-escalating shortage of land in the city, coupled with the skyrocketing cost of construction, property price increases and multiple new taxes introduced in the last budget have conspired to push up the consumer cost of buying homes. Nevertheless, here are some landmark Mumbai buildings that are always in demand. Samudra Mahal, Worli - Starting at Rs 1 lakh per square foot. Sachin Gokhale/ Firstbiz (List compiled by Jones Lang LaSalle India)[/caption]

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[caption id=“attachment_88550” align=“alignleft” width=“860”] Kalpataru Horizon, Worli. Sachin Gokhale/ Firstbiz The shift towards Worli reflects a desire to be close to the Sea Link for faster access to BKC is another important market trend. Kalpataru Horizon, Worli - starting from Rs 70,000 per square foot. Sachin Gokhale/ Firstbiz[/caption]

[caption id=“attachment_88551” align=“alignleft” width=“860”] Godrej Bayview, Worli. Sachin Gokhale/ Firstbiz The Bandra-Khar-Santacruz belt and specifically BKC have become the best options for corporate employees who wish to live closer to their workplaces. Diamond traders are also shifting to these areas and to Worli for the same reason. Godrej Bayview, Worli - starting at Rs 75,000 per square foot. Sachin Gokhale/ Firstbiz[/caption]

[caption id=“attachment_88552” align=“alignleft” width=“860”] Raheja Vivarea, Mahalaxmi. Sachin Gokhale/ Firstbiz South Mumbai residents now show increasing preference for moving to complexes in Mahalaxmi and Jacob Circle, giving up the standalone buildings they have been occupying since security and parking have become a challenge. Raheja Vivarea, Mahalaxmi - starting from Rs 60,000 per square foot. Sachin Gokhale/ Firstbiz[/caption]

[caption id=“attachment_88553” align=“alignleft” width=“860”] Jolly Maker Chambers (Cluster), Cuffe Prade. Sachin Gokhale/ Firstbiz Jolly Maker Chambers (Cluster), Cuffe Prade - starting at Rs 65,000 per square foot. Sachin Gokhale/ Firstbiz[/caption]

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