Bandra-Kurla

The Ten BKC residential project was launched in 2016 and has gained prominence over the years due to increased commercial growth and presence of gated communities

According to data by Anarock Research, Khan Market, the iconic retail hub in New Delhi, saw average monthly rentals reduce by as much as 8 per cent to 17 per cent

Reclaimed from marshland and reserved for planned commercial development, Bandra Kurla Complex (BKC) was initially created by Mumbai Metropolitan Region Development Authority (MMRDA) as an alternate CBD to Mumbai. Its express purpose was to halt the further growth of offices and commercial activities in South Mumbai.Commercial rentals at BKC are now the highest in the city; companies that want larger spaces are turning to BKC. Of late, this micro-location has also been attracting the highest grade of residential property developments, and current under-construction supply is very limited.Residential values in BKC range between Rs 40,000-55,000/sq ft and in the immediate neighbourhood of Bandra East, they range from Rs 25,000-35,000/sq ft. Some of the projects that have been garnering interest from homebuyers include Kanakia Paris, Serendipity, Sunteck Signature Island, Sunteck Signia Isles and Shree Naman Residences. Developers in this region are now focusing more on providing affordab