Forbes India 15th Anniversary Special

Realty hotspot to watch out for - Sewri, Mumbai

Investment to rise multi-fold in the micro-market due to modern infrastructural progress underway

BRAND CONNECT | PAID POST
Published: May 5, 2023 07:54:07 PM IST
Updated: May 18, 2023 06:00:30 PM IST

Realty hotspot to watch out for - Sewri, MumbaiArtist’s Impression

Even while there is always room for debate over the city's next potential real estate hotspot, Sewri is a top contender due to the immense potential in this quaint neighbourhood in South Mumbai. While Sewri is well-known for being home to seasonal migratory birds and flamingos, but there is a lot more to this location. The city's eastern side, which was once thought to be the centre of transportation and manufacturing, has historically received the least amount of attention. In comparison to its western counterpart as the sun rises from the east, the city's eastern seaboard offers one of the best views. One of the biggest advantages of Sewri remains its proximity to the key hubs in South Mumbai, while remaining a desirable residential neighbourhood as its not in the middle of the city’s hustle bustle. Investors and homebuyers are eying this location as it holds potential to grow multi-fold in both price and demand.

As has long been the case, the most prestigious downtown residential areas are found right by the harbour. Mumbai's Eastern Seaboard is currently experiencing a development boom, and the greatest thing is that there is plenty of space for infrastructure expansion.  With the projected Metro station and the elevated road connecting Sewri to the island city. Sewri will experience a surge in its real estate market and infrastructure in the future. The Sewri-Nhava Sheva Trans Harbour Link and Sewri-Worli connector, two of Mumbai's most famous and eagerly awaited infrastructural projects, will also boost the ante for the area. The Trans Harbour link, which runs 21.8 kilometres between South Mumbai and Navi Mumbai, is the longest marine link in India. These initiatives are expected to change the Mumbai real estate market and improve connectivity between Navi Mumbai and the island city. An impending skyscraper bridge with a 32-meter height will be constructed and will connect Sewri to Worli in minutes.

Realty hotspot to watch out for - Sewri, MumbaiArtist’s Impression

With the beginning of the BKC connector and the connectivity to the eastern motorway, we have already seen a growth narrative in Wadala and price appreciation. The forthcoming metro and other construction projects will improve connection and liveability even further. With so many current real estate developments in the micro market, Sewri has the potential to expand and transform into the new Downtown of Mumbai. One can see towers with the best amenities, larger living areas due to availability, and 360-degree views of the ocean.  

Marine travel, marine tourism, urban development, and cultural development will all benefit from the upcoming MbPT development.  Additionally, a cruise terminal is planned for the Sewri coastline, which will expand the region's tourist and business options.

Since Sewri has a significantly higher potential for return than its rivals, it is expected that its real estate position and price will rise more than those of other Mumbai neighbourhoods from an investment perspective. At the same time, it is going to be among the most sought-after places in the forthcoming years.

Any good location is considered to be desirable due to its easy access to amenities from Globally renowned school, JCBN International, and hospitals like KEM, Tata Memorial and Global Hospital add up to the civic amenities of Sewri, also other commercial and recreational hubs. While Palladium mall which is one of the key malls in the city is about 5 km away. The surrounding areas to Sewri is also experiencing many upcoming retail and commercial projects underway making it a good proposition for potential buyers.

“The Mumbai real estate market is booming, making less - travelled & geographically ideal places scarce but profitable for real estate. One such attractive residential area with the potential for a high return on investment for both the developer and the buyer is Sewri. Customers from all over the city have already expressed a strong demand for our project Epic-Centre at The Canvas Residences in Sewri. It's a fantastic option for people looking for affordable luxury real estate in South Mumbai.” said Vinay Rohira, Head of Sales, SD Corp.

Sewri's real estate market has, overall, expanded significantly in recent years and has demonstrated enormous investment choices for those seeking to purchase property in Mumbai. Sewri has developed quickly over the past 20 years, offering a blend of historical landmarks, natural beauty, and contemporary conveniences. Sewri will become a prime site for both long-term investments and residential use as a result of the residential and commercial developments that are planned for the area.

Realty hotspot to watch out for - Sewri, MumbaiMahaRERA Registration No. P51900026182 available at website: http://maharera.mahaonline.gov.in

SD Corp has announced Sewri’s most luxurious and boutique development, Epic-Centre at The Canvas Residences. The project offers spacious and exquisite 2 and 2.5 BHK homes.

About the company: A joint venture of Shapoorji Pallonji and the Dilip Thacker Group, SD Corp is responsible for some of India's most acclaimed real estate projects. With over 150+ years of expertise in building residential spaces and commercial structures that symbolise beauty, innovation and reliability; Shapoorji Pallonji is a name synonymous with quality and trust globally. SD Corp has a legacy of being the makers of Iconic developments like The Imperial Towers, Tardeo and Sarova, Kandivali (E).

The pages slugged ‘Brand Connect’ are equivalent to advertisements and are not written and produced by Forbes India journalists.

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