The lodha world one and towers are likely to change the skyline of the commercial district of lower parel in Mumbai.
Lower parel is a bustling CBD with lots of corporates having their presence and it would be interesting to see how the narrow roads cope up to the growing population in the area.
Recently a transaction at casagrande a swanky building is reported to be done at 50000 psf. This is a ready possession building and nearing 8 years in its age.
The Park by lodha at the DLF land started booking 1 km away from this property of casagrande under 25000 psf with a 5 year horizon which actually has been an excellent buy for home buyers and investors.
The upside of properties in lower parel still seems to be there but it would be interesting to see how the property rates escalate over the next few years with supply coming up from different players in this area.
Interesting times ahead for investors.