Bandra- Kurla Complex or BKC is fast emerging as the preferred choice of MNCs, banks and financial institutions for setting up their offices in Mumbai. The planned development of this commercial hub in Mumbai brings with it the rise of residential properties in and around BKC.Location Overview of Bandra- Kurla Complex, Mumbai
|Geographical Information||Bandra-Kurla Complex famously known as BKC, was built on open land on the north side of Mahim Creek and is bound by the suburbs of Kurla in the east and Bandra in the west.|
|Very brief Summary of area||The BKC is a planned commercial complex in the suburbs of the Mumbai. The BKC is the first of a series of “growth centres” created to “arrest further concentration” of offices and commercial activities in South Mumbai. There are approximately 6 Lakh people working in various offices throughout the BKC.|
|Property Rates||Rs. 25000 – 35000/- psf|
|Real Estate Trends||Upward trend. BKC is home to some of the largest conglomerates in the world. Now developing ‘G’ Block where a new International Finance and Business Center is planned.|
|Residential / Commercial||Mainly Commercial, but now reputed builders are coming with residential projects|
|Neighbouring Areas||Kalanagar, Government colony, Bandra West|
|Popular or Known Landmarks||MMRDA & MCHI Grounds, Reliance convention centre, Income Tax Office, Bharat Diamond Bourse, ICICI Bank, The Capital, MTNL Telephone Exchange,|
|Connectivity||BKC is located between Bandra and Kurla, both of which are major railway stations on the Western/ Harbor and Central lines respectively, of the Mumbai Suburban Railway. Well connectivity to Western Express Highway, Eastern express highway, domestic & international airports The upcoming Line II of Phase 1 of the Mumbai Metro project will pass through the BKC & will have 4 stations near and within BKC.|
|Shopping||Bandra (W), Linking Road, Hill road|
|Food & Hospitality||It is home of finest hotels & Restaurants like Trident, Sofitel, Grand Hyatt, Taj Lands End|
|Entertainment||Mumbai Cricket Association, BCCI Club, MIG Club,|
|Educational Institutes||American School of Bombay, Dhirubhai Ambani International School, Arya Vidya Mandir, Mount Litera School International|
|Medical Facilities||Asian Heart Institute, Lilavati Hospital and Research Centre|
|Other Highlights||BKC has become a hub for all business ventures. The commercial development in BKC includes private and government offices (state and central), banks, wholesale establishments, etc. and provides ultimately about 2o lakhs jobs in the area|
More About Bandra-Kurla Complex
Witnessing steady leasing activities for front office spaces and is developing fast enough to compete with Nariman Point and Fort which comprises of the current Central Business District of Mumbai. Whether in future this development sustains or not would largely depend on the supporting infrastructural network growth, but as of now this growth is driven by the demand supply ratio.
Kalina and Kalanagar are close to BKC within 5-10 minutes drive, whereas Tilak Nagar, Sion, Kurla and Vakola are 15-20 mins drive away. Proximity to office spaces has led to an increase in the demand for housing in these areas. Andheri and Goregaon in the west and Kurla and Ghatkopar in the central suburbs can be reached within a half-hour drive. But new and under construction residential properties in BKC itself are mostly luxury apartments and ultra-premium category duplex and penthouse offering modern infrastructure and high end amenities with target buyer as senior management personnel of large banks and corporate houses and even the diamond business owners.
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