Profitable Real Estate Properties in Dadar for investment.

1. Profitable Real Estate Properties in Dadar for investment. Dadar is a location situated in the heart of Mumbai. Like most other suburbs, Dadar is divided into the eastern and western zones. Dadar was earlier called lower Mahim, one of the original seven islands of Mumbai which came together to form the city of Mumbai. Access and connectivity Dadar is a prominent railway terminus in Mumbai. It lies on both the central and the western lines of the Mumbai suburban railway. The railway station is the only station in Mumbai common to both the Western and the Central lines, which makes it a major transit point. It has close proximity to National Highway 3 (NH-3) which is just 3 km away from Bandra-Worli Sea Link which is less than 4 km away. The Mumbai International Airport is at a distance of 15.5 km and takes less than half an hour to reach by road. The nearest monorail station is in Wadala and is expected to be operational by end of 2013. Dadar is close to major commercial hubs such as Nariman Point and Bandra-Kurla Complex Central Business Districts (CBD), both which can be accessed in less than half hour by road. Suraj Estate is one of the Top Builders in Mumbai who has been seen as ruling this locality. The majorly popular and best areas of Dadar are conquered by Suraj Estate Developers. Providing best apartments with beautiful views from each flat, spacious homes, world class amenities and also good connectivity. Investing into properties of Suraj Estate is a profitable deal. Amenities

2. Dadar has several well known institutions such as Veermata Jijabai Technological Institute and the Institute of Hotel Management-IHMCTAN Mumbai. Dadar has many other social amenities such as the Shivaji Park, which is famous as India’s Cricket Education ground, and Mahatma Gandhi Olympic Swimming Pool. Dadar is home to the Plaza movie theater and Mumbai’s oldest bridge, the Lokamanya Tilak Bridge. The bridge connects East and West Dadar. There are several other malls, hospitals and religious institutions in Dadar. Real Estate New Projects in Dadar has the famous Shivaji Park area which is home to the famous Shivaji Park Cricket ground where many famous cricketers were coached. The Shivaji Park area is predominantly an upper middle class residential area. There are other several residential areas such as the Hindu colony, Dadar Parsi colony, Shardashram Society and so on. There are several developers and projects such as Omkar Aloka from Omkar Realtors & Developers, and Ram Kunj by Rohan Lifescapes Ltd already present in Dadar. Most of the Apartments in Dadar include 1 and 2 BHK houses and apartments. While there are 3 and 4 BHK properties, there are very few. The area of a 1 BHK house ranges from 300 sq-ft – 700 sq-ft while it ranges between 720 – 1,600 sq-ft for a 2/3 BHK house. Area of a 1 BHK apartment may be in the range of 300 sq-ft – 800 sq-ft while the area of a 2/3 BHK apartment may be in the range of 700 sq-ft – 1,900 sq-ft. Property Trends Capital values of residential properties in Dadar’s eastern and western zone have minor variations. The rent for a 1 BHK house can vary between Rs. 9,500 – 45,000. The rent for a 1 BHK flat ranges from Rs. 18,000 – 45,000 while for a 2/3 BHK flat, it is between

3. Rs. 50,000 – 1.2 lakh. A 2/3 BHK residential house is available for a rent of Rs. 40,000 – 75,000. The last quarter saw a steady rise in apartment rates in Dadar west while it saw a minor dip in Dadar east. The average price per sq-ft in Dadar west for a multistorey apartment went up from Rs. 29,750 to 30,200 while in Dadar east, it came down from Rs. 31,300 to 29,400. Nonetheless, capital values have increased since the last year. Residential houses in both localities did not register much demand. This implies that both Dadar east and west currently witness a high demand for 1 and 2 BHK in Dadar while independent houses and 3/4 BHK apartments have a low demand.