Multiplex and retail effect on the Mumbai property
Mumbai is opening up from its core residential areas to once distant locations like the Andheri, Borivali, Breach Candy and Chembur. As in the case of other metros and emerging cities, Mumbai is also witnessing a shift from independent homes to apartments. Much of such development is visible along Church gate and Colaba.Grant road and Jb Nagar are Mumbai’s nerve centers, housing the offices of public and private corporations, while Juhu, Kalwa and Kandivali are host to the city’s traditional markets.Khar, Kharghar, Kurla and North Mumbai are the focus of industrial activity, while the stretch between Malad east and Malad west is drumming with the construction of shopping malls.
Mumbai Property has grown steadily, affected to some extent by the Government’s regulations on the Floor Area Ratio. Food and beverage brands are popular with the residents, and Pantaloon Retail is planning its Big Bazaar store shortly. Stand-alone stores have mushroomed along the Andheri, between Mira road east and Mira road west and Malad, catering to the up market residents and stock market investors in the neighborhood.
Mumbai central and Navi Mumbai are the Hub at the Mumbai city set the trend for organized retail in the city, and a number of shopping malls are under construction on should increase Mumbai property as well as Navi Mumbai Real Estate. The various multiplex and megamalls opened with much fanfare earlier this year, and the latest Plaza in Bandra is understood to have roped in Club City for its Food Court and stuff. With these development and growth it will be useful for the Mumbai Property.
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