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Mazgaon, situated in South Mumbai, is a premium neighbourhood known for its high-quality living. It's historically significant, being one of the original seven islands that formed Mumbai. The area boasts charming Portuguese-styled properties and buildings. Notable attractions include the Bhau Daji Lad Museum, Talao Pali Lake, the Magen David Synagogue, Gloria Church, and the Mumbai GPO.
Leading developers like Tata Housing, Hubtown Limited, and Lokhandwala Infrastructure have premium projects in this area, with 2 BHK units being the dominant type. Excellent connectivity is ensured by the proximity to both the Eastern Freeway and Eastern Express Highway. Mazgaon is also home to esteemed local schools such as Rosary High School, St. Mary's School, and St. Peter's School.
Investing in Mazgaon offers the potential for substantial rental income and property value appreciation. This area has become a rental hub due to its proximity to key employment centres and industrial estates. Noteworthy housing societies in Mazgaon include Sarkar Tower, Kapil Bayview, and Atul Wallace Fortuna. The average monthly rent provides a current yield of 3%.
Moreover, investing in Mazgaon grants you access to projects by leading developers. Renowned names like Hubtown, Neumec, Sanghvi S3 Group, Lokhandwala Construction, Radius, and Shreepati Group are prominent players in this locality.
Here is statistical data to understand the price trend in Mazgaon, Mumbai:
Year (Jan-Mar) | Price/Sq ft |
---|---|
2019 | Rs. 42,450 |
2020 | Rs. 41,000 |
2021 | Rs. 32,100 |
2022 | Rs. 38,100 |
2023 | Rs. 35,050 |
Disclaimer: All the above-mentioned prices are based on the data collected from different sources and do not reflect the actual price. The above-listed price may vary as per the developer, location, and amenities.
Mazgaon comprises all the eminent social and physical infrastructural development, a few of which are listed below.
Leading Schools | Healthcare Centres | Entertainment Spots |
---|---|---|
Diamond Jubilee High School | Prince Aly Khan Hospital | Chinese N Grill |
St Mary High School | Prerna Maternity & Nursing Home | Al Rehmani Restaurant |
M S B Education Institute | Rajashree Maternity Surgical Nursing Home | Shalimar Restaurant |
Hinduja College of Commerce | Matoshri Nursing Home | Delhi Zaika Bhendi Bazaar |
Sadhvi Savitribai Phule Upper Primary School | Sir J J Group Hospital | Orchid City Centre Mall |
Mazgaon is surrounded by numerous tourist sites, including:
Mazgaon is surrounded by multiple employment hubs, industrial estates and retail hubs that attract an entire tenant community to the region
The PIN code of Mazgaon is 400010. It is located in South Mumbai.
Mazgaon is renowned for the bustling Bhaucha Dhakka pier, which harbours a vibrant fish market that offers fresh seafood. Additionally, it features a dock for ferries to nearby islands. The area is also characterised by its charming Portuguese-style houses and historic Colonial-era churches, such as St. Anne’s Church and the reconstructed Our Lady of the Rosary.
Mazgaon, in south Mumbai, boasts excellent connectivity and offers a range of amenities, including top educational centres, hospitals, malls, banks, ATMs, restaurants, bars, and pubs. Noteworthy hospitals in the area include Prince Aly Khan, Masina Heart Institute, and Kedar Hospital. Shopping options like Oberoi Shopping Centre, Metro Plaza, and Phoenix Palladium are within a 6 km radius. Additionally, prices are comparatively reasonable for South Mumbai.
For 1 BHK, the rent in Mazgaon is approximately ₹35,5000; for 2 BHK, it's ₹1.5 Lac; for 3 BHK, it's 2.5 Lac.
Some of the top current development projects in Mazgaon are mentioned in the table below:
Mazgaon's future appears promising, evident from the upward price trends and ongoing area development. The locality is set to accommodate premium residential projects like Radius Harbour Heights, Neumec Eiffel Tower, Darshan Tarabaug, Azmi Deja View, Sumer Armonia, and Redstone Azara Residences. Regarding price appreciation, flat rates in Mazgaon have surged by 15.6% in just the past year.
40 1 BHK flats are available in Mazgaon, including furnished and unfurnished.
1 BHK in Mazgaon costs in the range of ₹95.5 Lac - ₹1.84 Cr.
The average size of a 1 BHK in Mazgaon is 453 sqft. - 597 sqft.
The rent of 1 BHK in Mazgaon lies in the range of ₹35,5000 - ₹50,000.
30 2 BHK flats are available in Mazgaon.
2 BHK in Mazgaon costs in the range of ₹2.20 Cr - ₹5.6 Cr.
The average size of a 2 BHK in Mazgaon is 550 sqft. - 786 sqft.
The rent of 2 BHK in Mazgaon lies in the range of ₹52,000 to ₹1.1 Lac.
25 3 BHK flats are available in Mazgaon.
3 BHK in Mazgaon costs in the range of ₹3.50 Cr - ₹7.35 Cr.
The average size of a 3 BHK in Mazgaon is 600 sqft to 1500 sqft.
The rent of 3 BHK in Mazgaon lies in the range of ₹1 Lac - ₹1.5 Lac.
12 4 BHK flats are available in Mazgaon.
4 BHK in Mazgaon costs in the range of ₹3.50 Cr to ₹6.58 Cr.
The average size of a 4 BHK in Mazgaon is 1500 sqft. to 2546 sqft.
The rent of 4 BHK in Mazgaon lies in the range of ₹1.6 Lac - ₹3.5 Lac.
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