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Mumbai Properties – LBS Marg Shines

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Owing to its direct connectivity with prime commercial destinations of Mumbai like Bandra-Kurla Complex (BKC), Kalina, CST Road, Jogeshwari-Vikroli Link Road, the real estate around LBS Marg is buzzing with activities. Both commercial and residential properties are selling like a hot cake in the region.

Not just LBS Marg, Mumbai properties around Ghatkopar, Powai, and Vidyavihar are also witnessing a strong surge in demand.

Availability of superior road infrastructure with linkage to Eastern Express Highway has further fueled the growth in the belt and this has resolved the connectivity issues between Eastern and Western suburbs.

Furthermore, Sakivihar road connects Andheri, and from the Eastern Express Highway people can easily drive down to Airoli, Vashi, Ghatkopar, Chembur and Sion.

The real estate around LBS Marg is truly a quintessence of how infrastructure boosts property values in a market.

The first proposed metro rail coming up at the Versova-Ghatkopar route is one of the reasons for the spur in real estate development in the region. The railway stations of Ghatkopar, Vikhroli, Kanjurmarg, Bhandup and Mulund are at a throwaway distance from LBS Marg.

Meanwhile, the IT and ITES sector drives the commercial properties around LBS Marg. Finance, Banking and Management Consultancies and even premium hospitality majors are aggressively scouting for land around the LBS Marg belt from Ghatkopar to Thane.

Corporate majors like Wipro, Accenture, CapGemini, WNS Spectramind, ICICI Prudential, HCC, Colgate Palmolive, CIPLA, Johnson & Johnson have already set up their base in the region and quite an impressive demand is there for Grade A quality office space.

The property values, however, are still far lower than places like BKC, and this is something that is driving the demand curve in the area. According to sources, the lease rates here in this region are from Rs 50 to Rs 200 per sq. ft against Rs 200-Rs 350 per sq. ft of BKC.

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Source by George Gonigal

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