For decades now, India's financial capital Mumbai has been home to the crème de la crème of the society. Some of the posh localities such as Malabar hill, Juhu, Cuffe Parade and Colaba boast of famous bollywood celebrities, cricketers, industrialists and socialites.
The latest addition to the elite club is the upcoming Worli – touted to be the next millionaires' playground.
In recent times, some of the big-ticket property transactions in Worli have taken place by famous personalities such as Yuvraj Singh, Abhishek Bachchan, Rohit Sharma and Akshay Kumar, and business tycoons such as Babasaheb Kalyani (Chairman of Bharat Forge), Nandan Nilekani, Anand Murthy and Ajay Piramal. They have either invested in Worli or moved to Worli.
Take a look at some of the transactions that took place in the last two years:
|Year||Property Name||Location||Price(INR crores)||Personality Name|
|2015||Ahuja Towers||Worli||30||Rohit Sharma (Cricketer)|
|2015||360 West||Worli||41.14||Abhishek Bachchan (Film Actor)|
|2016||Omkar 1973||Worli||34||Virat Kohli (Cricketer)|
|2015||360 West||Worli||28||Akshay Kumar (Film Actor)|
|2013||Omkar 1973||Worli||64||Yuvraj Singh (Cricketer)|
|2014||Omkar 1973||Worli||49.1||D.Y. Patil Family|
|2014||Omkar 1973||Worli||21.3||Babasaheb Kalyani (Chairman - Bharat Forge)|
|2009||Omkar 1973||Worli||49.1||Rizwan Koita (CEO CitiusTech)|
|2014||Samudra Mahal||Worli||22.5||Nandan Nilekani (Infosys Co-founder)|
|2014||Samudra Mahal||Worli||40.5||Siddharth Yog (Chairman - Xander Group)|
These transactions reveal the social status of buyers and budget that are being allocated towards various investments in a city that is home to around two crore people.
Worli has access to the sea shore, which is why the area has turned into a platinum residential address with most of the developments sea-facing. In terms of connectivity, the area is located in South Mumbai and enjoys easy accessibility to the central and secondary business districts and Bandra Kurla Complex. As a lot of textile mills and slums get redeveloped into swanky luxury skyscrapers, the average base capital values that Worli commands have gone beyond Rs. 42,000 per sq ft. The typical ticket sizes seen in Worli range between Rs. 12.50 crore and Rs. 25 crore.
If you are planning a big ticket investment, you may now have an idea where to invest.