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About Mumbai Central
Mumbai Central is a posh locality situated in the South of Mumbai. Since its establishment as a residential area, its strategic location, cultural vibrancy, and smooth infrastructure have boosted its development. The Mumbai Central Pin code is 400008. If Mumbaikars and the flavor of Mumbai is the only thing that keeps you thriving, you will love staying in this locality.
It has much to offer when it comes to housing options. Potential residents can choose from Colonial-era Bungalows to high-rise apartments. Chiefly developed by the “Chawl Dwellers,” it has emerged as the most developed and expensive area for the inhabitants. The formation of Mumbai Central dates back to British rule and carries a rich historical heritage.
Mumbai Central is home to the Mumbai Central railway station. It is a major railway station on the Western line. It is one of Mumbai's best neighbourhoods for living in South Bombay. This railway station is home to both local and intercity express trains. It is a terminal for long-distance trains like Mumbai Rajdhani Express.
Physical Infrastructure
Mumbai Central, Mumbai has a sound physical infrastructure that has upscaled its value in the real estate market. The physical infrastructure serves as a cornerstone in the success of any locality as the best residential hub and commercial market. Mumbai Central is not an exception. The presence of Mumbai Central railway station and smooth connectivity to local areas, adjoining areas, and different parts of Mumbai makes it a topmost choice to live here. It is equipped with all the basic and modern amenities and has come out victorious in catering to contemporary residential areas. Tardeo, Byculla, and other adjacent areas on the Mumbai Central Map make it an excellent choice for residents and commercial establishments. Ghatkopar metro station is the nearest for people living in Mumbai Central. The under construction Mumbai Central Metro station will further increase connectivity around the locality.
Social and Retail Infrastructure
Mumbai Central infrastructure has carved a niche as a key residential player. Mumbai Central offers a variety of retail options, from bustling local markets to street vendors. This locality is home to various schools and colleges, including St Paul's National School, Modern Night High School, and Maharashtra College of Arts Science and Commerce, that attract customers for different retail requirements. Residents can grab groceries, goods, electronics, clothing, and other household items as per their needs. Fortunately, Mumbai Central has multiple malls like Heera Panna Shopping Centre and Bayside Mall. Besides this, Nair Hospital and Wockhardt Hospitals make it the best residential locality.
Real Estate Market Trends and Rental Demands in Mumbai Central
Mumbai Central, a lucrative residential area and commercial establishment, has proved its worth over the years. Therefore, the real estate market capitalized on its demand as a lucrative residential area. Starting price of properties in Mumbai Central is Rs.18,666 per sqft and the average property price in Mumbai Central is Rs. 32,315 per sqft. The approximate cost of 1 BHK property in Mumbai Central is rs Rs 25L to rs 4.25Cr.A 2BHK flat can be rented at rs 60,000 per month. The favorable business demographics and amenities have also given a strategic boost to commercial investments in the locality. All these factors have positively contributed to a hike in Mumbai Central Property Rates.
The existence of chief players in Mumbai real estate, like Goyel Ganga Group, has transformed the entire real estate market. The demand for co-working spaces and a boom in demand for warehouses and data space centers has led to an increase in Mumbai Central Property Prices. It has reported a 5.5 % surge in the rates. Rental prices have also increased over the years because of luxurious options to reside. All these statistics show a positive anticipation of real estate market trends in Mumbai Central. .
Top Employment Hub near Mumbai Central
The central location of this locality makes it accessible to connect with varied top employment hubs near Mumbai Central. Have a look at some of the prominent employment hubs with their distance.
- Newbridge Business Centre (2.8 km)
- The Empire Business Centre (5.9 km)
- DBS Business Center (5 km)
- Navjivan Commercial Premises CHS (550 m)
- Sahar Business Centre (21 km)
All these employment hubs near Mumbai Central are home to various IT Parks, startups, and commercial establishments. These are well-connected to buses, local trains, and other transportation options.
What are some Chief Localities and Colonies in Mumbai Central?
Here are a few localities and colonies in Mira Road to keep you going.
- Marzban Parsi Colony Bane Compound
- Dadal Estate
- Navjivan Area
- Dalal Estate Kamathipura
- Talmakiwadi Tardeo
Things to do in Mumbai Central
Mumbai Central, a centrally accessible area for the folks of Mumbai, is an exciting place to live. A place with the best ambience, serene environment, and recreational facilities is sure to thrill you. Here, we are listing the top 5 things to do in Mumbai Central.
Satisfy your taste buds with the street food:
Residing in Mumbai Central comes with its share of virtues. Why not stroll around and indulge in tasting lip-smacking street food? If you are a connoisseur of street food, Mumbai Vada Pav, Kebabs, and Pav Bhaji are your best bet.
Have all the Fun in the Opera House:
The best cultural vibes in the opera house will keep you going. Visiting the Opera house will prove to be a cultural gem for you all. Please schedule your appointment in advance according to their timeline for ballet, music concerts, and theater performances.
Explore Mahalaxmi Temple:
Shrines and temples imbibe religious beliefs in us. If you are a devotee of Maha Laxmi, visiting Mahalaxmi temple will fill you with an aura of positive vibes.
Go on a Shopping Spree:
What can be a better choice than going on a shopping spree? Plan a shopping spree to Chor bazaar. Here, you will find antiques and vintage goods. Go ahead and check out other luxurious markets, such as Crawford Market. Worth mentioning in history, Crawford's market stands out for goods, spices, and fresh produce.
Take a stroll at Hanging Garden:
Last but not least, you should take a stroll in the hanging garden for an enjoyable experience.
These are some of the popular landmarks in Mumbai Central.
Conclusion
The positive forecast of real estate market trends gives us a bright picture of Mumbai Central as a chief residential and commercial locality. The great ambience, soul-satisfying food, sea-facing apartments, and access to essential facilities make it a popular choice as the top real estate market player.
What are the good things about Mumbai Central?
If you wish to reside in Mumbai Central, let’s pick some top things that you must take a look at.
- Abundance of cultural vibrance and fun festivals.
- A mix of historical bungalows and modern flat amenities gives a true blend of modern and contemporary fusion.
- Great infrastructure and connectivity to the other parts of Mumbai and intra-city local areas.
- Avent grade educational institutions and international hospitals.
- Shopping, leisure, and great employment opportunities.
What are not so good things about Mumbai Central?
Mumbai Central has some shortcomings also. Take a look at some points.
- Traffic congestion issues.
- Increased prices of property and high cost of living.
- Increasing noise pollution because of traffic.
- Environmental pollution.
- Limited greenery.
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