Pay crores for these luxury addresses
Sneha Sharon Mammen | July 28, 2015 @ 05:24 PM
After hubby Junior Bachchan’s Rs 41 crore investment in Worli just a few months back, wife Aishwarya has reportedly bought a 5,500 sq ft high-end residential flat for Rs 21 crore in Bandra Kurla Complex (BKC). High property rates don’t waver tinsel town members from making a new purchase. Where are they investing in Aamchi Mumbai? Read on.
BKC, deserves a special mention not only because it is home to some of the costliest properties but because the Mumbai Metropolitan Regional Development Authority (MMRDA) has identified this region for its smart ventures.
Energy-efficient street lighting, smart parking, Wi-Fi access, digitised scrutiny of construction proposals and even CCTV cameras with advanced video analytics are some future smart endeavours of the authority.
“A smart business district means the vicinity and real estate projects would be the ultimate beneficiaries. If the funds for civic amenities are rightly allocated, the residential sector would be positively impacted and the area would become cleaner,” says Rahees Rijwi, realtor at Confirm Deal.
“Impetus for having a residence here is so that the HNIs have the benefit of walk-to-work. While back offices of many MNCs are moving to budget-friendly areas, top officials have already parked their money in some of the ultra-luxury projects in BKC,” shares Santosh Rathod, proprietor, HNI Realtors.
Cost per sq ft – varies between Rs 25,000-40,000 per sq ft
