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5 BHK flats for sale in New Prabhadevi Road, Prabhadevi, Mumbai
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About Properties In New Prabhadevi Road, Prabhadevi, Mumbai for Sale
Overview of Prabhadevi
- Prabhadevi is a prominent, affluent residential locality in South Mumbai.
- It is known for its rich cultural heritage, religious landmarks, & historical significance.
- Prabhadevi is a posh area and comprises high-end luxurious buildings and elite amenities.
- Adjacent to the pristine Arabian Sea, Prabhadevi offers pleasant surroundings.
- Prabhadevi is famous for its lavish residential areas, excellent infrastructure, high-value properties, and seamless connectivity within Mumbai.
- The famous Siddhivinayak Temple is located in Prabhadevi.
- The Pin Code for Prabhadevi is 400025.
Prabhadevi Residential Market Insights
- Prabhadevi is known as a thriving upscale real estate market.
- It is a predominant residential area with newly constructed high-rise apartments.
- Price for 1 BHK Flat in Prabhadevi can range between ₹ 1.20 crore - ₹ 8.30 crore.
- Price for 2 BHK Flat in Prabhadevi can range between ₹ 2.80 crore - ₹ 9 crore.
- Price for 3 BHK Flat in Prabhadevi can range between ₹ 6.20 crore - ₹ 11 crore.
- 4 BHK Flat in Prabhadevi can be priced between ₹ 12 crore - ₹ 20 crore.
- 5 BHK Flat in Prabhadevi can be priced between ₹ 19 crore - ₹ 30 crore.
- The exact pricing for apartments in Prabhadevi can vary depending on factors like Total Carpet Area, Location, Amenities, and the Developer of the project.
- Due to excellent connectivity and proximity to many commercial & business hubs, Prabhadevi is one of the best rental locations.
- The average monthly rental value for a residential/ housing property in Prabhadevi is ₹ 46,000 - ₹ 7,90,000.
Connectivity and Transportation In Prabhadevi
- The dedicated Prabhadevi Railway Station, formerly known as Elphinston Railway Station, serves locals with vast connectivity.
- Other nearest Railways are Dadar Railway Station & Lower Parel Railway Station.
- Major roadways like Eastern Express Highway & Bandra-Worli Sea Link allow quick and easy access to the Western suburbs and South Mumbai.
- Senapati Bapat Marg & Gokhale Road are some key connecting routes for the locality.
- Other major roads like Prabhadevi New Road, Dr. Annie Besant Road, and Khan Abdul Gaffar Khan Marg enhance the connectivity further.
- Public Transports, such as Buses, Taxis, and app-based Cabs, are also available.
- Prabhadevi offers good road infrastructure, boosting the travel time for daily commuters.
- Chhatrapati Shivaji International Airport is approximately 11 km away from Prabhadevi via the Coastal Road.
Social Infrastructure In Prabhadevi
- Reputed Hospitals like P. D. Hinduja Hospital & Medical Research Centre, Gleneagles Hospital, Wadia Children’s Hospital, BMC Hospital, etc., are close by.
- Educational Institutes in& near Prabhadevi include Elphinstone Municipal School, Convent Girls School, Mumbai Public School Dadar, Little More Preschool, Elphinstone College, etc., are within easy reach.
- The official Consulate General of Canada is located just 1.2 km away.
- The Government Offices, like BMC, are located in proximity.
- Luxury Hotels like ITC Grand Central and the St. Regis Mumbai are in easy reach.
- Malls like High Street Phoenix, Nakshtra Mall, and Phoenix Palladium satisfy the versatile shopping needs of the locals.
- The popular Nehru Planetarium is located just 4 km away.
- Markets are located at a walkable distance for easy access to daily grocery needs.
Employment Opportunities In Prabhadevi
- Being strategically located between Dadar & Worli, Prabhadevi offers convenient access to major commercial hubs in Mumbai.
- Notable Office Hubs like Nariman Point & Bandra Kurla Complex (BKC) are 12 km away.
- Business Parks & Industrial Estates like Kamat Industrial Estate, Gloria Business Centre, Peninsula Business Park, A to Z Industrial Estate, and Bussa Industrial Estate are located close by.
- Easy access to major Commercial Hubs such as Dadar, Worli, and Lower Parel significantly increases employment opportunities for the locals.
- Several Companies such as NeoSOFT, Mark IT Solutions, Furation Tech Solutions, Axelia, Heer Pharma, Evergrow Solutions, etc., are located in this locality.
Lifestyle In Prabhadevi
- Prabhadevi offers a luxurious, sophisticated, and comfortable lifestyle.
- Widely famous Siddhivinayak Temple welcomes lakhs of visitors annually.
- The beautiful Prabhadevi Beach, Mahim Beach, and Dadar Beach, which are located in the vicinity, offer a serene and calm atmosphere for the locals.
- Nestled by Mahim Bay, the locality is adorned with vibrant coastal vibes.
- For sports enthusiasts, there are numerous options in & near Prabhadevi, such as Purandare Stadium, CPL Sports Foundation, Sportsfield Turf Academy, etc.
- There are many Gardens, Parks, and Green Spaces in this locality, allowing residents to enjoy some peaceful time, unwind, or walk.
- There are wide range of luxurious restaurants and cafes in the locality that offer fine dining experience with delectable food.
- Several Recreational Places such as Gyms, Spas, Entertainment Facilities, Sports Clubs, etc., are easily accessible in Prabhadevi, where residents can enjoy some quality leisure time.
Safety and Security In Prabhadevi
- Prabhadevi, an upscale southern locality, is one of the safest locations in Mumbai.
- The premium residential complexes in Prabhadevi have surveillance installed to ensure the safety of the residents.
- The security personnel strictly follow proper safety measures in the locality.
- Police Stations are easily accessible and located nearby for the locals.
- Police patrolling is frequently conducted and is heavier at night time.
Development and Future Prospects In Prabhadevi
- The upcoming Mumbai Metro Line 3 (Aqua Line) is expected to improve the transportation access to Prabhadevi, benefiting the daily commuters.
- Two planned foot-overbridges at Prabhadevi Railway Station are expected to reduce traffic congestion & accelerate travel time.
- The prominent Siddhivinayak Ganpati Temple in Prabhadevi will undergo a revamp as planned by the civic body.
- Newly emerging Coastal Road’s Dahisar Link is expected to offer better and improved regional access to this locality.
- A large number of high-end Residential Projects are upcoming here to match the increasing housing demand in this highly desired location.
- Several commercial buildings are undergoing construction, and these are increasing rapidly, enhancing the employment opportunities here.
Cultural and Community In Prabhadevi
- Prabhadevi is known to foster a rich cultural heritage & community spirit.
- It has a diverse community that celebrates all the festivals and traditions that bring communities together, promoting unity & preserving cultures.
- It is home to several Religious places, including Prabhavati Devi Temple, Shankar Temple, Datta Mandir, Santoshi Mata Temple, Shree Swami Samarth Math, etc.
- Various Cultural & Community Centers nearby are Nitya Artists Centre, Dadar Matunga Cultural Centre, Nita Mukesh Ambani Cultural Centre, Nehru Centre, etc.
- Mahim Bay, which has a big historical, ecological, and geographical importance, is located in close proximity to Prabhadevi locality.
Environmental Factors In Prabhadevi
- Prabhadevi offers a comfortable lifestyle with all modern amenities & essential facilities. This makes Prabhadevi a good place to live in, especially for those who prefer a high-end lifestyle in sophisticated surroundings.
- Proximity to the Arabian Sea and Mahim Bay Shore, Prabhadevi offers a mesmerizing scenic backdrop with a pleasant atmosphere.
- Gardens & Parks including Scp Katta, Kai Rajbhau Salvi Manoranjan Udhyan, Parel Baug, Veer Baji Prabhu Udyan, Worli Sea Face Garden, etc., enhance the green belt of this locality.
- The air quality in Prabhadevi is moderate, considering all the major ongoing local developments.
Flat Configuration In Prabhadevi
- Flat Configurations of 1 BHK, 2 BHK, 3 BHK, 4 BHK, and 5 BHK are offered in Prabhadevi.
- 2 BHK and 3 BHK are the most preferred Flat Configurations by homebuyers in this locality.
- Apart from high-end Luxurious Apartments, properties in Prabhadevi also include Studio Apartments, Villas, Cottages, and Duplexes available here.
- Housing properties are available up to the size of 10,000 to 15,000 sq. ft.
Property Price Growth In Prabhadevi
- Housing properties in Prabhadevi have experienced 6.8% YOY price appreciation and around 25% in the last 3 years.
- The prices for Residential & Commercial properties in Prabhadevi are increasing to a higher extent consistently.
- Proximity to major office hubs & excellent and improving connectivity of the locality lead to a constant increase in the rental values.
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