Dadar: an outlook for the property market

Dadar, located in southern Mumbai, is a well-known neighbourhood with several commercial, cultural, and recreational establishments. It is Mumbai’s first planned neighbourhood and a heavily inhabited residential and retail zone.

Dadar is also recognized as a centre for Marathi culture in Mumbai since it is home to its Marathi population. Furthermore, the suburb witnesses the most important festival of Lord Ganesh, popularly known as ’Lalbaugcha Raja.’ It is also famous for its iconic Shivaji Park. Thus, it is rich in culture and heritage.

In addition, Dadar’s transport system is what makes it an alluring suburb. It is one of the most promising central rail loading and bus hubs on the local and national levels.  Four major arterial highways link numerous suburbs and economic centres from north to south. The Monorail presently runs from Chembur in the north to Wadala in the south and will be extended to Lower Parel in the north. The Mumbai Metro Line 3 will run from Colaba in South Mumbai to Andheri on the city’s northwestern outskirts. The domestic and international airports, 8.8 and 10 kilometres distant are reasonably accessible from Dadar.

Additionally, Nariman Point, Lower Parel, and BKC can all access within a short distance. At a distance of 8 km, there is an iconic monument known as the Bandra Worli Sea Link. At the same time, mudflat and the eastern harbour are 15 minutes away from Dadar.

As far as socio-infrastructure is concerned, Dadar residents enjoy access to a wide range of social amenities to enjoy a better quality of life. Some of the prominent hospitals in this area are Shushrusha Hospital, Ashvini Hospital, Punamiya Hospital, TB Hospital, NM Medical Centre, and Cancer Care Foundation of India. Moreover, there are various schools and colleges such as Social Service League Primary and High Schools, Shri Bansidhar Aggarwal Model School, St Stephen High School, Shardashram Vidyamandir, Balmohan Vidyamandir, etc.

Aside from these amenities, it provides access to numerous banks and ATMs. Further, Dadar is one of Mumbai’s most well-known retail districts, with a slew of shopping malls, including High Street Phoenix, Rangoli Time Complex, Sixth Sense Shopping Mall, and RM Shopping Centre.

Overview of Dadar’s real estate market

Since it is relatively close to the city’s central business districts, Dadar has attracted developers and homebuyers. In recent years, many developers have developed and built luxury properties in Dadar, offering high-end apartments packed with the most contemporary lifestyles. There properties range from Rs 1.6 Cr for 1 BHK flats in Dadar, 2 BHK starting at Rs. 1 crore, and 3 BHK going up to Rs. 2.7 crores.

Thus, buying a flat in Dadar will be one of your best investments because it has one of the most promising real estate markets in the whole of Mumbai.

Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.

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