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Is Bhandup realty a choice you should make?

Bhandup is one of the oldest suburbs in Mumbai and reported to be the place of the original inhabitants of Mumbai. Once a dense forest region, it has grown to become one of the prominent areas for real estate investment. It also houses Asia’s biggest water filtration plant and was also one of the first railway stations in India.

The going rate for apartments in Bhandup East stands at INR 13800 per square feet on average whereas apartments in Bhandup West stand at INR 14200 per square feet on average.

Connectivity & Transport

Extremely well connected by a good network of roads to the rest of Mumbai as well as Navi Mumbai, mobility is not much of a problem here. Buses run by the Brihanmumbai Electric Supply and Transport Undertaking, popularly known as BEST, ply citywide and to neighboring cities. It operates inter-city services to three areas beyond the municipal limits of Mumbai city: Navi Mumbai, Thane & Mira – Bhayander. The BEST buses also act as feeder to the suburban Central Railway. LBS Marg, formerly known as Agra Road, is the main arterial road.

It is 26 km by rail to Chhatrapati Shivaji Terminus (CST) while the road distance is 35 km. The Lokmanya Tilak Terminus (LTT) at Kurla is 10 km by rail from Bhandup and approximately 14 km by road. Both CST and LTT are railheads for long distance rail travel. The International Airport is at a distance of 18 km. The other modes of transport are the radio cabs and auto rickshaws which are easily available.

Education

Bhandup has a large number of schools (more than 35 of them) and these offer State Board, CBSE and ICSE syllabi. Some of the schools offering State Board are St. Xavier’s High School & Jr. College, NES School & Jr. College, and Cosmos English School among many others. CBSE is offered by Daffodils High Public School, Kendriya Vidyalaya, Billabong High International School, etc while ICSE is offered by Pawar Public School and G S Shetty International School, among others.

There are also some colleges offering graduate and post graduate degrees such as National Education Society’s Ratnam College of Arts, Science & Commerce, V. K. Krishna Menon College of Commerce and Economics & Science, Ramanand Arya D. A. V. College, and Jijamata College, to name a few.

Hospitals & Health care

Health care in Bhandup is quite good with a number of multispecialty hospitals, nursing homes and clinics. Some of the well known hospitals are: Fortis, Saarthi, Lotus Multispecialty, Bhadwaik, Sunrise, Vardhaman Hospital & ICCU, and Apollo Hospital Enterprises Ltd. It also has many private medical practitioners, diagnostic centers and labs.

Shopping & Entertainment

There is plenty of shopping and entertainment areas in Bhandup and its nearby affluent areas like Mulund, Vikhroli and Powai. Dreams the Mall and Neptune Magnet Mall are two of the biggest in Bhandup both having multiplex cinemas: Carnival in Dreams the Mall and Mumbai Cinepolis in Neptune Magnet. Besides, some of the other malls and shopping arcades in and around Bhandup are Leo, R Mall, Huma Outlet, D-Mart, and Home Town etc. Metro Cash and Carry and Walmart also have their presence in Neptune Magnet. Eating out is not a problem in Bhandup with a number of eateries and food courts in the malls and other stand alone food outlets and fine dining restaurants.

Industries

In recent times many of the polluting industries have moved out of Bhandup leaving large tracts of land for housing and commercial spaces. Most of the industrial units are in Bhandup West. Some of the notable ones are Crompton Greaves Ltd, Ceat Tyres, BASF, Asian Paints, The Indian Smelting and Refining Company Ltd., etc. There are also many ancillary, small and medium scale industries present in the Bhandup Industrial Estates.

Real estate

Many top builders have already made their presence here. Due to the recent demonetization drive by the government, the realty market has been seriously affected mainly in the resale segment. Stability is expected when there will be more clarity on future government pronouncements. Industry experts believe that prices will come down but cannot predict the quantum of reduction. It would be prudent to wait but on the other hand, if a buyer has legitimate funds, he could negotiate a better deal with the buyer calling the shots.

Stanley Varghese for IndiaProperty.com

Image: By Veryhuman (Own work) [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0) or GFDL (http://www.gnu.org/copyleft/fdl.html)], via Wikimedia Commons

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