Is Mumbai ready for a New York style Upper East Side?

The Upper East Side is sleek, chic, and classic NYC. Door attendants receive your visitors and marble foyers open into grand ballrooms in this sophisticated neighborhood. While, one would expect South Mumbai to be the Manhattan of Mumbai, is Lower Parel the Upper East Side of Mumbai?

In Mumbai, with the business district shifting to Bandra Kurla Complex (BKC) for all practical purposes, the rich who would previously not have considered any options other than Malabar Hill or Nepean Sea Road zone are now evaluating newer areas like Worli, Parel, Bandra-BKC and Mahalaxmi. The shift from Cuff Parade to Worli reflects a desire to be close to the Sea Link for speedy access to BKC. Diamond traders are also shifting to these areas and to Worli for the same reason. Moreover, many builders like K Rahejas and Lodha are now creating ultra-luxury gated communities in Mahalaxmi and Lower Parel which are now being accepted as the ‘luxury pin code’ by South Mumbai’s wealthy home buyers.

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A few years ago, when ITC Parel came into existence, analysist’s doubted it success. However, now we have luxurious options like Four Seasons, Palladium Hotel, and upcoming Ritz Carlton gleaming the area. The area also boasts luxurious shopping destination Palladium Mall, which houses brands like Gucci, Jimmy Choo, Burberry Stuart Wietzman and many more.

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With world class living, socializing and dining, these areas are soon becoming a preferred destination for the rich and fabulous. With beautiful developments and progressive business, is Mumbai ready for it’s own upper east side?

[Via – First-Biz]

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