Bandra redevelopment premium - are buyers overpaying for the address at projects like Karia Konark Classic?

Bandra prices at 40-55k/sqft for redevelopment. The "Bandra premium" is real but at what point does it stop making financial sense? Been looking at asking ~47k/sqft in Bandra East. Comparable supply in Kurla or Chembur is 22-28k. Is the location delta worth 2x? Anyone done this analysis? Would love numbers from actual buyers.

Tanya Pawar

Aryan, as someone who has been scouting for a home in Kharghar I've been watching the Mumbai premium market closely and this is a very real debate. My perspective from the demand side: the Bandra address does command a liquidity premium that other locations can't match. If you ever need to exit in a

Payal Naik

Mumbai buyer here - been watching Bandra redevelopment closely for the past 2 years so I have some thoughts. The "Bandra premium" is real but it is not uniform. There is a big difference between what you are paying for in, say, a Pali Hill redevelopment vs a Bandra East project near the Bandra-Kurla