The coastal road changed the commute. The towers changed the skyline. Here is what that means for prices on the sea face.
Five years ago Worli was a place you passed through on the way to somewhere else. Today it holds more branded residences than any other neighbourhood in India, and the coastal road has cut the drive to Nariman Point to under fifteen minutes.
What has actually changed
Registered transactions on the sea face rose 22% in value over the last two years, while the number of homes sold barely moved. Buyers are paying for floors above thirty, for full-floor plans and for uninterrupted western views.
Where the value is
The best performing homes share three things: a sea view that cannot be built out, a plan with real bedrooms rather than oversized living rooms, and a building with genuine services. We would rather a client pay more for those than less for a view that a neighbouring tower will take away.
What we would avoid
Units below the 15th floor in towers facing inland, and anything sold on the strength of a brand name alone. The label fades. The view does not.
The Noirvale letter
One considered email a month: new homes before they list, and notes like this one.
