Being one of the most iconic area in the given city,Colaba actually incorporates the charm of historical living to cosmopolitan as well. Such is Colaba known for cultural vibrancy that boasts an appropriate location besides which few landmarks best describe Colaba’s surroundings – prime. Buyers who desire real estate for a luxury tend towards Colaba’s preferred region in the world.
Overview-Colaba
Colaba is located at the southern edge of Mumbai and provides an excellent view of the Arabian Sea and luxury facilities. On account of its proximity to the cultural and commercial nerve of the city, it’s one of the favorite spots for investors and homebuyers looking for luxury residences.
Pin code: 400005
Landmarks: Gateway of India, Taj Mahal Palace Hotel, and Colaba Causeway.
Why Colaba for Real Estate?
Colaba is iconic for luxurious lifestyles in Mumbai and keeps the real estate sector on the boil. Here’s why:
Superb Location
Absolutely one of the most coveted locations in Mumbai, close to business districts, entertainment hotspots, and tourists’ attractions.
Sea views and proximity to Marine Drive.
Luxury and Heritage
Colaba has a mix of luxury residential flats and heritage properties.
The luxury apartments, penthouses and boutique hotels outline the real estate segment.
Real Estate Trends and Property Rates in Colaba
The properties in this place have huge demand due to their prime location and are a hotspot for the luxurious real estate. Recent trends tell,
Property Rates
Apartment: ₹35,000 to ₹60,000 per square foot
Penthouse and Luxury Villa: ₹20 Cr+
Types of Properties Available in Colaba
Luxury Apartments: The lounge and bedrooms follow state-of-the-art facilities along with expansive views.
Heritage Properties: Old-world charm with modern amenities.
Commercial Properties: Luxury retail and office spaces.
Invest in Colaba:
Colaba is still an extremely lucrative investment destination with steady capital appreciation and rental yields.
Best Builders and Projects in Colaba:
Lodha Group
Oberoi Realty
Kalpataru Group
Hiranandani Developers
Lifestyle and Amenities in Colaba:
The lifestyle in Colaba is luxurious, not to forget ample entertainment, shopping, and fine dining.
Education:
St. Xavier’s College
Jai Hind College
Colaba High School
Healthcare:
Saifee Hospital
Bombay Hospital
Bhatia Hospital
Shopping and Dining:
Colaba Causeway is synonymous with street shopping and boutiques.
International cuisine fine dining restaurants with sea views.
Recreational Places:
Scenic places like Gateway of India and nearby beaches
Art galleries and museums
Connectivity and Transportation:
It is placed centrally in the city of Mumbai and reaches easily to any other part of it.
By Road
Well connected with the rest of Mumbai through Western Express Highway
Close proximity to Marine Drive and Nariman Point.
Public Transport
Closest to CST railway station and Churchgate railway stations.
Buses, taxis, and app services available.
Airport / Railway Station Accessibility:
Chhatrapati Shivaji Maharaj International Airport about 25kms from the Colaba precinct.
CST Railway Station distance is around 3kms.
Future Developments Opportunities
Colaba will always be among the most desirable addresses for high-end real estate in Mumbai. Infrastructural works and Urban Renewal plans do not see a lull here. Its real estate market shall have more future growth prospects in the near future.
