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Oshiwara District Centre A Real Estate Hotspot
Accommodation Times  |  February 12, 2019

Rohit Sharma Staff Reporter

Mumbai Metropolitan Region Development Authority (MMRDA) is planning Oshiwara District Centre (ODC) as the next commercial business hub on the lines of Bandra-Kurla Complex (BKC). It is located in the heart of the western suburbs of Mumbai strategically between Andheri-Lokhandwala and Goregaon.

 

The space-starved city of Mumbai is looking forward to the development of Oshiwara District Centre &ndash second jewel of the city on the lines BKC. The 160 acres of land will have a proposed commercial, retail and entertainment zones which will bring a distinct character to ODC, and state-of-the-art facilities different from the earlier large business zones such as BKC and Nariman Point.

 

The infrastructure developments around ODC have been visible in the form of new flyovers and wide networks. Ram Mandir railway station largely contributes to the boost in connectivity in and around the location. The upcoming metro line will further increase the ease of connectivity to every part of Mumbai.

 

The wide expanse of commercial centres that will be spread on this land will house offices of top multinational companies, banks, IT companies, and media houses. As a result, the development is projected to create 2.5 lakh employment opportunities.

 

The district will also have residential development around it. Plush towers complete with state of the art amenities will be home to the top-notch executives and celebrities working in the district. Mumbaikars who were till now forced to travel long distances for work will now promote walk to work culture due to ODC. Besides, an array of social infrastructure in the form of reputed schools, hospitals, retail centres and entertainment zones are planned on this land. There are an array of opportunities and transformations in infrastructure due to the MMRDA plans of Oshiwara District Centre, which are bound to lead to an appreciation of the location.

 

Some of the salient features of ODC:

 

  • Spread across 160 acres

 

  • Ease of transportation &ndash better connectivity via multiple modes of transport located between Andheri Lokhandwala and Goregaon

 

  • Planned development by Special Planning Authority MMRDA, the ones who planned and developed BKC

 

  • Termed as the next BKC

 

  • Development of ODC is set to result in a major facelift of the region

 

  • 2 flyovers (JVLR Flyover & Mrinaltai Gore Flyover) allow seamless connectivity to ODC

 

  • Ram Mandir Station for ODC

 

  • Six internal 90 feet roads

 

Property Rates:  The ODC current price range is Rs 15 &ndash 16,000 psf. Goregaon East being a neighbourhood of ODC and prominent location for investment is seen high growth in terms of value and rates currently one can buy the property ranging from Rs 80 lakhs &ndash 6.5 crores in Goregaon East. The current price range is Rs 19,000 psf.

 

Another neighbour Andheri Lokhandwala has the current price range of Rs 24,000 psf. Lokhandwala is one of the posh area in Mumbai which gives ample amenities to the buyer. One can buy dream home by investing Rs 50 lakh &ndash 6 cores in Andheri Lokhandwala.

 

Comparing with BKC: The current price range is Rs 50 -60,000 psf and its neighbour Kala Nagar with Rs 30,000 psf and Kalina with Rs 20,000 psf.

 

The neighbourhood has some premium residential projects within 2 minutes from each other including Kalpataru, Ekta, Radius and the upcoming project by Sunteck Realty.