Century Bazaar, Prabhadevi, Mumbai

Century Bazaar is a residential and commercial subdivision located in Prabhadevi area of central Mumbai. Situated near Dadar, Century Bazaar PIN code is 400025. Century Bazaar is well-connected to major landmarks in Mumbai like Dadar railway station and Shivaji Park, both within 3-4 kms. With easy access to business hubs in Lower Parel and Dadar, this locality is a popular residential and retail destination in Mumbai.

Century Bazaar, Mumbai is a vibrant neighborhood occupied by people from different social backgrounds. With its proximity to business hubs, most residents are young nuclear families and professionals working in nearby commercial areas. The hustling lifestyle is reflected in the bustling markets and food joints that remain open late. The cultural diversity of Mumbai is also seen here, with residents practicing different faiths and celebrating various festivals together. Overall, Century Bazaar offers an urban setting with lively local culture and cosmopolitan community spirit. 

Physical Infrastructure of Century Bazaar

Century Bazaar has good transportation connectivity within Mumbai with major roads and public transport links. The upcoming Metro Line 2 and 7 will have stations at Shivaji Park and Dadar, providing swift access to different parts of the city. The locality is currently well-serviced by BEST buses plying on GT Hospital Road. Wadala Depot, Prabhadevi railway station, and Parel railway station located within 3-4 kms offer suburban railway connectivity. The Ahmedabad–Mumbai highway passes through Parel, while the Eastern Freeway provides access to the Mumbai-Pune Expressway. 

Social and Retail Infrastructure of Century Bazaar

Century Bazaar is well-served in terms of social infrastructure. Residents have access to schools like Prabhadevi Municipal School, Sunrise Play School and Pragati School. There are reputed colleges such as Sasmira's Institute of Management Studies and Research, Government Technical High School & Jr. College Dadar and ABA College of Law located in the vicinity. BMC Hospital, Varad Medical Centre and Siddhivinayak Healthcare Pvt Ltd provide healthcare facilities. For entertainment and shopping needs, malls such as Palladium Mall, and Huma Mall are at a drive of 15-20 minutes. Retail stores and markets in Century Bazaar itself offer daily needs and conveniences. Century Bazaar is well-provided with amenities like banks, ATMs, markets and places of worship. Police stations like Prabhadevi and fire stations like Lower Parel provide safety to the residents. This ensures a high quality of living for residents.

Real Estate Market Trends and Rental Demand in Century Bazaar

The real estate market in Century Bazaar has been growing steadily over the past few years. Residential property rates currently average between Rs. 25,000-72,000 per square feet for apartments, while independent floors are priced around Rs. 70,000-80,000 per square feet. Commercial spaces fetch rental yields of 12-15% with average rates of Rs. 250-300 per square feet. Rental demand from professionals and nuclear families also remains high due to availability of schools, colleges and work hubs in the vicinity. Landlords have benefited from rising rentals in the range of Rs. 75,000-150,000 per month for 2 BHK apartments, appreciating by 10-12% during the last 3 years. Close proximity to major business districts and amenities have cemented Century Bazaar's position as a preferred real estate investment and living destination.

Top Employment Hubs near Century Bazaar

Century Bazaar is well-located when it comes to access to some of Mumbai's major commercial belts that are the top employment hubs for millions of workers in the city. Some of the top employment hubs near Century Bazaar include:

• Wadia International Center - 2.5km
• One International Center - 1.6km
• Sunshine Tower - 2.4km
• The Empire Business Centre - 2.6km
• Peninsula Business Park - 2.2km

Famous Localities near Century Bazaar

Being a well-established location in the heart of Mumbai, Century Bazaar is surrounded by other prominent residential and commercial areas within short distances. Some of the famous sub-localities near Century Bazaar are:

• Prabhadevi
• Dadar West
• Shivaji Park
• Lower Parel
• Matunga West

Top Things to Do in Century Bazaar

Located in the heart of Mumbai, Century Bazaar provides residents with plenty of things to do within close proximity. With scenic locales, bustling markets and recreational spaces dotting the area, residents are never short of entertainment and leisure activities. Some of the top things to do in Century Bazaar are:

Shree Siddhivinayak Temple: 

Located just a few minutes away, this iconic temple is one of the most important Hindu temples in Mumbai. It is dedicated to Lord Ganesh and is visited by thousands of devotees daily. Don't forget to visit during the main prayer times to experience the incredible energy.

Chatrapati Shivaji Maharaj Park:

A great spot for going for a morning or evening walk, jog or to spend time with family. Spread over 60 acres, the park has landscaped gardens and is a welcome escape from the nearby busy roads.

Dadar Chowpatty: 

Head to the beach in the evenings to enjoy delicious street food like bhelpuri, pani puri and sev puri. The atmosphere is lively with people out for a stroll. It's also a nice place to visit on Ganesh Chaturthi when idols are immersed in the sea.

Worli Fort:

Built by the Portuguese in the late 16th century, this historic fort offers scenic views of the Arabian Sea and the Queen's Necklace. It's a quiet spot to visit on weekends to admire the scenery and get some fresh air.

Maharashtra Nature Park: 

Covering over 27 acres in the heart of the city, this tucked away park offers respite from urban life. Walk along trails amidst tropical trees and plants. A small lake, along with species of flora and fauna, makes it a perfect weekend outing for nature lovers.

Conclusion

Some Positives About the Locality include:

• Central location in Mumbai with accessibility to key areas
• Presence of quality social and physical infrastructure
• Safe neighbourhood with number of hospitals and police stations nearby
• Proximity to employment hubs attracting professionals
• Appreciating real estate market with rising property values

While traffic congestion during peak hours needs addressing, and lack of abundant open spaces are some aspects that can be improved. More public parking facilities, improvements to cramped internal roads and expansion of Metro connectivity will help enhance liveability for residents in the coming years. Overall, the quality of life on offer makes Century Bazaar a desirable real estate investment destination.