View of downtown Southern Mumbai. Photo taken by AIRINC surveyor Eugene Kobiako.
A planned business district in Mumbai
The Bandra Kurla Complex in Mumbai, referred to by many as BKC, has continued to develop and is fast becoming the new business and residential heart of Mumbai. Originally intended to serve as an alternate business district to help decongest south Mumbai, commercial office stock has increased at phenomenal rates in the past five years. BKC now houses India’s Stock Exchange and the Indian headquarters of many large multinational companies.
BKC has become a residential hotspot with expatriates who choose to live there over other areas of the city. BKC has a good, central location, well connected to the Western and Eastern Express Highways. It is adjacent to Mumbai’s Chhatrapati Shivaji International Airport and hosts popular international schools including American School of Bombay, Mount Litera International School, and Dhirubhai Ambani International School.
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Luxury hotels Sofitel, Hyatt, and Oberoi have opened in BKC in the past two years. High-end and luxury apartment complexes with amenities are a popular rental choice for expatriates. A new BKC Metro Station is planned with an interchange with Metro Lines 2B and 3. Significant retail development continues with new high-end malls and shopping centers poised to open in the coming years.
During my May survey I visited the BKC area to meet with a real estate agent. I noticed that the area is still dealing with traffic, dust, and noise from the ongoing construction of the new Metro station. Apart from prime office space and new housing units, I didn’t see any major supermarkets or malls, so much of BKC’s potential is still to come.
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