How Has Luxury Real Estate in Worli Evolved in The Last Decade?

As of the year 2022, there is no room for debate about the assertion that Worli is one of the most desirable localities for the purchase of luxurious homes in Mumbai. The real estate news in Mumbai is dominated by stories of record-breaking luxury real estate transactions in Worli, which is well-known for its astoundingly big sea view apartments, spectacular duplexes, opulent triplexes, and astronomically pricey penthouses. Every location, including Worli, has its own unique history of transformation and the growth of its real estate market. Let us go into some depth on the Worli story.Historique de Worli

In 1842, the Love Grove Sewage Pumping Station was constructed and placed into service. At low tide, unique mitre gates offer access to the water. The location of the pumping station is on Dr. Annie Besant Road, formerly called Love Grove Road. Worli, one of the seven islands that created Mumbai, was essential in the city's establishment. Worli is mostly known as a fishing village, but it is also home to the destroyed British fort known as Worli Fort. The Kalsi people later became synonymous with the Worli. The Haji Ali Dargah mosque in Worli is only accessible by a causeway when the tide is out, since it is situated on a rock in the sea. Once the Hornby Vellard was completed in 1784, it was possible to access Worli Island from the rest of Mumbai. The former name of Lala Lajpat Rai Road was Hornby Vellard.

Prior to the Love Grove Pumping station, the British built four residences in the 1930s for administrative officials. The ATRIA Mall was constructed on top of these old dwellings.

Location and Geographic Factors

Worli is located in South Mumbai between Haji Ali and Prabhadevi. The nearby communities include Haji Ali to the south, Mahalaxmi to the east, and Prabhadevi to the north. Westernmost is the Arabian Sea. The area's nearest train station is Mahalaxmi. Elphinstone is moreover the nearest railroad station to Worli.

The completion of Sealink enables transport between Worli Sea-Face and the western suburbs.

New enterprises in Worli

Worli has been home to several of Mumbai's busiest business enterprises since the late 1970s. Dr. Annie Besant Road's Shivsagar Estate was the first important construction project. Numerous large firms, including GSK Pharmaceuticals, TATA Pharmaceuticals, Novartis Pharmaceuticals, HDFC Bank, Yes Bank, Siemens, and many more, own property here.

The Poonam Chambers building housed businesses such as ESAB and US Vitamins until its collapse in September 1997. Numerous television stations have set up business in the refurbished mill buildings, making them sites of innovative architecture. Worli has attracted international powerhouses such as Deloitte. With the launch of Atria on May 20, 2006, other retail centres have emerged.

The Worli-Bandra Sealink, also known as the Rajiv Gandhi Sagar Setu, is accessible from the Worli Sea Face. It links the Arabian Sea island of Worli to the city of Bandra. In 2009, construction of the bridge started. The doors opened for the first time in July of 2009. Soon, a second Sealink will connect to Lala Rajpat Rai Road and Marine Drive.

There are two distinct postal codes for Worli: 400018 and 400030.

Urbanized regions that prioritise housing

Worli is mostly a commercial district, although it has also been home to Mumbai citizens from the city's early days. Numerous mill workers resided in the chawls around Worli Naka, since the region was a mill land.

Chawls constructed by the Bombay Development Department (BDD) are the oldest and largest of Worli's current residential neighbourhoods.

From Worli Fort in the north to Narayan Pujari Nagar (the corner of India and Beyond Restaurant) in the south, the Worli Seaface is not only an important commercial and tourism attraction for Mumbai, but also a prominent residential area where the wealthy and famous of Mumbai prefer to stay. Numerous Bollywood films from the 1950s contain sequences filmed on the scenic Worli Seafront in Mumbai. Thousands of Mumbai people visit the Seaface Promenade in the morning and evening, making it one of the busiest in the city. Additionally, it is well-known for its monsoon-generated gigantic waves. Worli Sea-Face is one of the two endpoints of the link between Bandra and Worli Sea.

Adarsh Nagar, located close to Prabhadevi, and Narayan Pujari Nagar, often known as "Colony," are two other big residential neighbourhoods in the city.

Several renowned apartment complexes are located in Worli, including Samudra Mahal, Eden Hall, Poonam Apartments, Venus Apartments, Worli Hill, Avarsekar Heights, Urmi, Sagar Tarang, Nishika, and Worli Dairy Supervisor Colony.

Dr. E. Moses Road in Lower Parel is now undergoing extensive residential building. The Worli neighbourhood is home to many apartment complexes, including Urmi, Nishika, Basant Parvati, and Sagar Tarang. Dr. E. Moses Road is presently home to the first Indian branch of Canadian hospitality giant Four Seasons Hotels & Resorts.

Bandra-Worli Sea Link Facilitates Enhanced Transportation to Worli

The Rajiv Gandhi Sea Link links the Bandra and Worli neighbourhoods. It is a cable bridge that connects Mumbai's western Bandra and southern Worli. Due to the building of this bridge, the time required to travel between Bandra and Worli and vice versa has been drastically decreased. Both ends of the bridge are supported by concrete and steel viaducts. On this bridge in Mumbai, the government's superior engineering is on display. This bridge appeared briefly in the blockbuster Bollywood movie Jaane Tu Ya Jaane Na. It is one of the few areas in Mumbai where you may take a leisurely drive with your family and see the city and sea.

Initially, Mahim Causeway was the sole route connecting the western suburbs of Mumbai to the financial centre. During rush hour, it was quite difficult to go along this route. The western highway project was planned for this purpose. The Bandra-Worli Sea Link bridge was considered as an alternative to the Mahim causeway as part of the original proposal for the construction. Bal Thackeray laid the foundation stone for this sea bridge in 1999.

The Bandra bus depot and Bandra railway station are accessible by bus and train, respectively. From this terminal, all main bus routes, as well as cabs and autos, leave.

When the bridge's lights are on at night, it takes on a whole new and more magnificent look. When driving with friends or family, this location is ideal for candid photographs.

The Sea Link is the first significant stretch of the 36-kilometer Western Freeway to open, connecting Nariman Point to the western suburbs of Mumbai. In contrast to Mumbai's potholes and gridlocked traffic, its eight lanes of smooth tarmac are a pleasant sight. Many Mumbai residents have become used to speeding down the Sea Link, only to spend 15 to 45 minutes in traffic at Haji Ali on the way south or at interchanges at Lilavati Hospital and Swami Vivekananda Road in Bandra.

According to 2017 data from the Sea Link's toll collector, MEP Infrastructure Developers, just 37,336 vehicles use the route daily, as opposed to the anticipated 1,200,000. The Mumbai Mobility Forum claims that yearly traffic growth on the Bandra Worli Sea Link is just 1 percent. There may be a variety of reasons why the Sea Link only serves around a third of its expected daily average customers, such as price increases, a lack of complementary infrastructure, and poorly built approaches at both ends.

This may have far-reaching financial ramifications. The initial estimate for the project's cost was Rs 400 billion, but the final total exceeded four times that amount. In an effort to recuperate its original investment of Rs 1,634 crore, the Maharashtra State Road Development Corporation would be required to maintain Sea Link tolls for the next four decades.

Despite the fact that it would cost Rs 12,700 crores to construct, the Municipal Corporation of Greater Mumbai opted to make the southern section of the Mumbai Coastal Road toll-free. Even though the coastal expressway will primarily benefit the approximately 1 percent of citizens who own automobiles and use them to commute to work along the city's western shore, every taxpayer in Mumbai will be responsible for supporting it.

The Municipal Corporation of Greater Mumbai and its contractors, Larsen & Toubro and Hindustan Construction Company, have spent the better part of a year building the 9.8-kilometer Coastal Road from the Princess Street Flyover on Marine Drive to Worli Sea Face, where it will connect to the Sea Link, permanently altering the western waterfront of the city.

According to a 2018 poll performed by TomTom, Mumbai is the most congested city in the world, with drivers expected to spend an extra 65 percent of their time in traffic. There has been a significant change in the distribution of business zones, which are now dispersed across the city as opposed to being concentrated on the financial district in the south.

Consequently, there is an opportunity to develop East-West links in Mumbai, which would assist reduce housing and geographical inequities along the North-South axis of the city. The city has commissioned 12 Metro lines to reduce traffic and supplement the local train system. Line 3 of the Mumbai Metro, which connects Colaba, Bandra, and SEEPZ, is expected to carry around 14 lakh passengers per day.

Sea Link physically obscures what is being abandoned and how progress is measured. Tourists see the bridge as a sign of Mumbai's growth and sophistication.

Some see the surrounding fishing town and Grade I-listed Worli Fort as an impediment to "development." The Worli Koliwada has much to say about the city's past, since it is bordered on three sides by water, has a mediaeval bastion, and is home to people who still participate in artisanal fishing.

Real estate of opulence in Worli

Thanks in major part to the efforts of some of Mumbai's most prominent real estate businesses, the number of luxury residences in Worli has expanded dramatically over the years.

In response to the increasing demand for residential projects in Worli, the city today has a multitude of constructions in different states of completion. Some of the top property brokers in Worli are members of the vibrant Worli property brokerage community, which includes some of the most exquisitely constructed flats for sale in Worli, Mumbai.

Worli is home to opulent condominiums with breathtaking seaside views.

Sugee Marina Bay is replete with opulent homes - With this sea view new luxury project in Worli, you will have access to a world of enjoyment, riches, and safety at Marina Bay. It will be difficult to find a more magnificent or well-appointed property in Worli as Sugee Marina Bay. In addition to offering luxurious living quarters, they also provide cutting-edge architecture, eco-friendly features, and cutting-edge amenities. Sugee Marin Bay is one of the city's most affluent neighbourhoods, therefore many of Mumbai's wealthiest residents call it home. We pioneered innovative building methods. We also recognise the company's enormous duty to its consumers, community, and country.

Sugee Marina Bay in Worli features a swimming pool, clubhouse, gym, indoor/outdoor banquet, children's play area, badminton court, 24*7 two-tier security surveillance, acupuncture walkway, massage room, café lounge, gymnasium area, multi-purpose court, mini theatre, covered car parking, visitors' car parking, jogging area, lawn, meditation area, and more.

This tower in Worli Mumbai has luxurious flats with 1, 2, 3, and 4 bedrooms. Due to its exceptional position, Sugee Marina is Worli's most famous landmark. Breach Candy Hospital, the leading medical facility in Mumbai, is situated nearby. Numerous prominent destinations, including the Taj Lands End, Greenlawn's School, Ritz Carlton, Chhatrapati Shivaji Maharaj Park, Bombay Scottish School, and Willingdon Sports Club, are conveniently accessible nearby. Within a short distance of the Sugee site are all of the project's essentials and a few of life's little joys.

Therefore, if you're looking for a location to settle down and enjoy life, Sugee Marina Bay is the place to be. Also if you are searching for some of the most luxurious flats in Worli then Sugee Marina Bay is for you.

The project, which will be situated in the centre of Worli, has the following scope and dimensions:

This tower, seen from the Worli side of the sea connection, is the city's most recognisable emblem. While essential municipal infrastructure is under development,

Exceptional amenities for a restricted clientele.

The floor plans begin at 1830 square feet and are expansive and open.

Prices begin at INR 14 Cr including tax.