In the last few years, the real estate market in Mumbai has witnessed exponential growth. Mumbai city generated a revenue of Rs 823.05 crore from 9,206 conveyance (sale) deeds in December 2022 alone. However, the escalating property prices and saturation of the island city have compelled real estate developers and potential investors to explore suburban areas with high growth potential. Juhu has rapidly emerged as one such suburb, attracting considerable attention.
Juhu, also known as the ‘Beverly Hills of Bollywood,’ is renowned for its beach and serves posh residential projects offering 2 BHK flats in Gulmohar Road, Juhu. This is a micro-market that has been experiencing a real estate revolution due to its continuous growth in terms of accessibility, infrastructure facilities, and potential for appreciation. So, if you are wondering what makes this locality so desirable, we have got the answers!
Growing Investor Affinity
Juhu’s potential for high Return on Investment (ROI) has resulted in a steady increase in capital appreciation, drawing the interest of the elite investor community. In addition to its status as a residential area, Juhu is also evolving into an emerging commercial hub. This development makes Juhu an attractive proposition for both corporates and homebuyers seeking investment opportunities.
Convenient Location for Work and Residence
The area is strategically planned to facilitate the concentration of jobs and residences in close proximity, creating the ideal environment for the walk-to-work concept. With its accessibility to the CBDs of BKC and Nariman Point, the area is poised to attract an increased workforce from the Eastern and Western suburbs as well as South Mumbai.
All these areas are also well-connected by various modes of transportation. The BEST bus services are the lifeline of the locality and provide a convenient and affordable mode of transport to the residents of Juhu and its nearby areas. Additionally, the Western Express Highway and Swami Vivekanand Road, two major roads that connect Mumbai’s western suburbs, lie close to Juhu, providing easy access to other parts of the city.
Desirable Residential Area
Juhu has a rich legacy that dates back to its transformation from a mere island to a thriving property market. Situated in proximity to Vile Parle West, this posh western locality has evolved into one of the most affluent destinations, attracting famous celebrities, corporate bigwigs, Non-Resident Indians (NRIs), and High Net-worth Individuals (HNIs). Consequently, Juhuhas become a sought-after residential corridor.
Juhu’s location in close proximity to the western express highway, Malad-Andheri Link Road, and S V Road, Santacruz, has significantly improved the area’s connectivity. Moreover, the proposed infrastructure projects, such as the planned Metro lines 3 and 7 and Bandra-VersovaSealink (BVSL), have contributed to Juhu’s growing demand as a residential real estate hotspot.
The proposal to construct a 2.5 km skywalk linking Juhu Beach to Ville Parle station, as well as a passenger terminal to the airport, offers excellent investment opportunities for developers and property buyers alike.
Well-Developed Social Infrastructure
Juhu boasts of great social infrastructure that offers top-notch healthcare facilities, renowned educational institutions, and numerous recreational hubs. The micro-market is home to several leading educational institutes that are located within a one-kilometer radius.
Apart from the educational institutions, Juhu also offers excellent recreational opportunities, with plenty of green spaces, parks, auditoriums, multiplexes, and intersections. The area has well-maintained internal road connectivity, which adds to the convenience of residents.
Juhu offers excellent investment opportunities for developers and property buyers alike, making it a win-win proposition for corporates and homebuyers keen on making investments in Mumbai. Overall, Juhu’s potential for exponential development in the coming years makes it an attractive destination for real estate investment in Mumbai. All of these factors make Juhu a lovely location for those seeking 2 BHK flats in Gulmohar Road along with a well-rounded lifestyle.