New Projects in Prabhadevi

Property Details

Over the last few years, the neighbourhood of Prabhadevi has gradually evolved into a real estate hub known for its exclusivity and the best level of luxury living residents can get in Mumbai. 

Its strategic location between Dadar and Worli provides efficient connectivity to key locations in the city, making it easy to travel for business professionals and entrepreneurs. Also, the availability of high-end infrastructure and increased options for entertainment and recreation have contributed to the high demand for luxury residences in the region. 

This blog post takes a closer look at the upcoming new projects in Prabhadevi, along with the diverse infrastructure of the region. 

Top Reasons to Invest

Proximity to Key Business Hubs in Mumbai

Prabhadevi is situated close to South Mumbai, which presents multiple advantages to business professionals residing there:

• Prabhadevi offers easy connectivity to the Bandra-Kurla Complex (BKC) via the Bandra-Worli Sea Link. 
• The region’s proximity to Dadar, Mumbai International Airport, and Mumbai Central Railway Station further enhances its connectivity to key spots for business and commerce in the city. 
• Prabhadevi also provides easy access to leading business hubs such as Nariman Point and Lower Parel. 

High-End Real Estate Developments

An increasing number of home buyers are choosing Prabhadevi, owing to the superior living standards and high-end luxury apartments in the area. 

There are a number of choices for high-net-worth individuals (HNIs), such as Rustomjee Crown, which offers spacious homes with the complete luxury amenities that one can expect in today’s homes. With such premium amenities, captivating designs, and attention to detail, high-end properties redefine luxury. 

Types of Luxury Apartments: 

• Duplexes & Penthouses: These are ideal choices for home buyers who seek to live alone and love stunning views of the sea and the city skyline. 
• 3,4 & 5 BHK Homes: Apartments of these configurations are available in spacious layouts and futuristic designs that set a new standard in luxury living. 

Notably, both these types of properties incorporate sustainable design elements and green spaces to offer residents the benefits of staying in proximity to nature. 

Strong Capital Appreciation and Rental Demand

Due to a number of ongoing improvements in infrastructure and an increased demand for homes in Prabhadevi, property values in the region are expected to increase consistently. It’s worth noting here that there has been an increase of 36.9% in property prices in the last five years.

Moreover, the area has witnessed an increase in demand for properties on rent, with rental yields reaching as high as 5%. 

Read Also: How Prabhadevi’s Connectivity Enhances its Real Estate Appeal

Upcoming Residential Developments

Skyline Towers with World-Class Features

The Prabhadevi region boasts a series of high-rise premium properties with exquisitely designed homes that offer the best amenities you can expect in luxury real estate. 

These structures offer residents the benefits of a modern and planned living experience—from residential towers that offer stunning skyline views to wide roads and advanced amenities. 

The modern amenities that you can expect in these towers include: 

• Yoga decks and landscaped gardens exude a refreshing vibe.
• Lavish infinity pools that offer breathtaking views of the sea.
• Luxury Clubhouses with Sprawling Business Lounges.
• Well-equipped Sporting Courts and Fitness Studios.

Branded Residences with Concierge and Luxury Services

Today’s premium residences in Prabhadevi offer a range of luxury and concierge services that enhance the standard of living substantially. The offerings of these services are listed below: 

a) Concierge Services:

• Transportation: Arranging car rentals, taxis, or private transportation. 
• Personal Assistance: Concierge services handle tasks like providing general assistance for any activity or issue, managing packages, and coordinating maintenance functions. 
• Shopping and Daily Errands: Sourcing specific goods or services required by residents or running errands like dry cleaning and grocery shopping. 
• Dining and Entertainment: Making reservations for restaurants, recommending local attractions or nearby tourist spots, and securing event tickets. 
• Pet Care: Arranging services for pet care, including dog boarding or walking. 
• Property Management: Monitoring maintenance activities within the property, handling other property-related functions, and managing rentals.
• Travel Planning: Providing assistance for travel arrangements, such as booking of hotels, tours and flights. 

b) Lifestyle and Luxury Services: 

• Household Management: Providing assistance with essential household duties such as laundry, childcare, and cleaning. 
• Personalised Shopping: Helping to provide access to exclusive designers and boutiques and assisting in shopping. 
• Safety and Security: Ensuring 24/7 surveillance with CCTV monitoring, biometric access control, video door phones, and smart home security systems to enhance safety. 
• Wellness Management: Coordinating wellness activities such as spa treatments and fitness sessions. 
• Exclusive Experiences and Events: Arranging VIP access to exclusive events, bespoke experiences, and private tours. 

Gated Communities with Sustainability-Focused Architecture and Green Spaces

The luxury residential projects in Prabhadevi feature architecture designed with sustainability in mind, while their green spaces prioritise the developers’ responsibility towards conserving the environment. 

Such residences are built using renewable materials and possess energy-efficient designs and green areas for aesthetics and better air quality. 

Here are some key elements of the green spaces and sustainable architecture in Prabhadevi’s luxury properties: 

a) Green Spaces:

• Urban Green Spaces: Premium properties in the region efficiently incorporate gardens and parks in the overall design to create a sustainable environment and a more livable atmosphere. 
• Landscaped Outdoor Spaces and Courtyards: To maintain biodiversity and enhance residents’ quality of life. 
• Vertical and Rooftop Gardens: Green areas like gardens on the rooftop and vertical walls with greenery are integrated to provide environmental advantages and improve aesthetics. 

b) Sustainable Materials:

• Recycled and Renewable Building Materials: Today, luxury properties in the region prioritise the application of recycled and renewable materials such as reclaimed wood, recycled steel, and bamboo in their construction procedures. 
• Energy Efficient Designs: Materials with low emissions of volatile organic compounds (VOCs) are also used in building these properties to provide improved air quality. 

Lifestyle & Amenities

Exclusive Recreational Facilities 

For residents of luxury properties in Prabhadevi, spending leisure time is most convenient and hassle-free, thanks to the exclusive amenities offered. These include: 

• Facilities for Indoor Sports: Premium properties are abundant in sports facilities such as table tennis tables, squash courts, and billiards rooms. Such amenities help residents remain active while engaging in friendly competition with their neighbours. 
• Private Movie Theatres: This exclusive facility lets families enjoy their favourite movies without having to leave the comfort of their homes. 
• Music Rooms and Art Studios: Instilling creativity into the lives of residents is another aspect that’s common in luxury properties. There are community studios for art within the premises of luxury residential projects, which let residents explore the artistic side of their personality. 

They can create paintings and handcrafted items and may also opt for other forms of artistic expression. Such communities also include music rooms that grant the space for engaging in group jamming sessions or practising instruments. 

Premium-Grade Infrastructure 

The top-notch social infrastructure of Prabhadevi is another factor that makes the region an ideal spot for purchasing a luxury home. From restaurants to healthcare centres and shopping malls, it has everything required to make it the perfect premium residential area. 

Here are some nearby facilities:

• Hospitals: Siddivinayak Hospital and King Edward Memorial Hospital.
• Shopping Mall: Palladium Mall and High Street Phoenix Mall.
• Fine-Dining Spots: Milagro, Eatela, Canara Bar & Restaurant.

Read Also: Top Schools, Hospitals, and Amenities in Prabhadevi

Conclusion

Prabhadevi is rapidly evolving with new infrastructure and luxury residential projects, solidifying its reputation as a premium address in Mumbai. With several infrastructure developments, the area offers enhanced connectivity, modern amenities, and an exclusive lifestyle. 

If you're looking for a luxury home in or around Prabhadevi, explore Rustomjee’s premium residential projects and experience world-class living in the heart of Mumbai.

FAQs

1. What is the price range for new properties in Prabhadevi?

The price range for residential properties in Prabhadevi is Rs. 4.57 Crore to Rs. 27.02 Crore for apartments with configurations varying between 2 BHK and 5 BHK. 

1. How does Prabhadevi compare to Worli in terms of luxury living?

While Prabhadevi offers luxury properties at an average rate of Rs. 67,750 per sqft., Worli’s premium residential projects come at a lower cost of Rs. 63,100 per sqft.

1. What are the upcoming new infrastructure projects in Prabhadevi?

​Upcoming infrastructure projects in Prabhadevi include the Mumbai Metro Line 3 (Aqua Line), enhancing connectivity to the area, and various luxury residential developments such as Rustomjee Crown, which are set to elevate the locality's residential landscape.