Null Bazar, Bhuleshwar, Mumbai

Null Bazar is located in the Bhuleshwar area of South Mumbai. It is situated near Dongri and Walkeshwar neighbourhoods. The locality has a PIN code of 400003. Nearby important areas include Bhuleshwar, Girgaon, and Masjid Bandar. Due to its proximity to business hubs and amenities, Null Bazar property attracts many home buyers. The locality is well-connected via road, and railway stations like Chhatrapati Shivaji Terminus are within walking distance.

Null Bazar is a diverse locality with people from different backgrounds living harmoniously. It is home to families as well as bachelors and working professionals. Residents include white-collar executives, businessmen and retired citizens. People keep a fast-paced lifestyle but also enjoy local culture and festivals. The culture is rich with influences from all over India. Festivals like Diwali, Ganesh Chaturthi and Eid are celebrated here with fervour. People are quite social and communal.

Physical Infrastructure of Null Bazar

Null Bazar infrastructure is well-connected via major transport links. Mumbai Central railway station and Chhatrapati Shivaji Maharaj Terminus (CSMT) are within 3-4 km providing direct connectivity on the suburban railway network. The Eastern Freeway runs south of the locality providing quick access to the eastern suburbs and Navi Mumbai. Nearest metro station to the area is just 2 Km away i.e. Kalbadevi metro station. Buses run regularly on major roads linking to all parts of the city. Several highways and flyovers ease traffic flow. There is a police station and fire station within 2 km to ensure safety. Standard Chartered and HDFC Bank have branches nearby for banking needs.

Social and Retail Infrastructure of Null Bazar

Null Bazar is well-served by social infrastructure. For education, there are schools like St. Xavier's High School, Greenlawns High School and Queen Mary School. In addition to that, colleges like Burhani College and The Byramjee Jeejeebhoy College of Commerce are within 2 km according to the Null Bazar map. Residents have access to many supermarket stores in the vicinity like Reliance Fresh, More and DMart. Some of the most well-known hospitals near Null Bazar are Bombay Hospital and Nair Hospital which are within 5 km. Entertainment options include Growel's 101 Mall and High Street Phoenix Mall which are located at a driving distance of 10-15 minutes. The area houses many local shops and attractions like Mangaldas Market keep residents well-served with everyday needs.

Real Estate Market Trends in Null Bazar

Null Bazar property prices have been growing steadily over the past few years. Property rates are on the rise due to some factors. Being a prime central location with excellent infrastructure has increased demand among homebuyers. Average Null Bazar property rates for 1BHK apartments range from Rs. 80-90 lakh while 2 BHK properties are priced around Rs. 1-1.2 crore generally at an average of 12333 per sq. ft. With close proximity to workplaces, rentals fetch landlords higher than other nearby areas. Tenants are willing to pay Rs. 30,000-60,000 per month. Developers active in the area are L&T Realty, Godrej Properties and Oberoi Realty. Despite the higher property prices, demand has continued to grow for both buying and renting due to lucrative social and retail amenities around Null Bazar.

Top Employment Hubs Nearby Null Bazar

Null Bazar is well-located near some of the key financial and commercial business hubs in Mumbai. The proximity to these major employment hubs works to the advantage of property buyers and tenants in Null Bazar. Some of the top employment hubs in Null Bazar are- 

• Readymade Garment Park 'DUKOOL'- 1 Km 
• Purushottam Thakkar Industrial Estate- 2.9 km 
• Mehta Bhavan- 1.6 Km 
• Peninsula Corporate Park- 5.6 Km 

Famous Sub-Localities near Null Bazar

While Null Bazar is the central area, there are several famous residential sub-localities around it. These surrounding localities contribute to making Null Bazar a vibrant part of South Mumbai. Popular landmarks in Null Bazar are- 

• Bhuleshwar 
• Girgaon 
• Masjid Bandar 
• Grant Road 
• Umerkhadi

Top Things to Do in Null Bazar

The Null Bazar area offers lots of attractions for residents and visitors to explore. Following are the top things to do in Null Bazar-

• Kennedy Sea-Face promenade provides breathtaking views of the Arabian Sea and is a popular spot for an evening stroll. 
• Pay your respects at the World War I Indian Sailor Memorial, commemorating the sacrifices of Indian soldiers. History buffs will enjoy St George's Fort, constructed by the Portuguese in the 17th century to protect their interests. 
• Sir Pherozeshah Mehta statue honours the prominent Parsi leader and reformer. 
• Spread over 5 acres, Marin Drive Beach is a local favourite and ideal for swimming, relaxing, or viewing beautiful sunsets. Marin Drive Beach, spread along the coastline, is a 20-minute drive and has all necessary amenities like lifeguards and clean public facilities.

Conclusion

The Null Bazar area is a good location for property investment. Central location with all amenities. Property prices may rise in the future. Small houses can be renovated. Shop owners find customers. Living there is comfortable. Investors can earn rental income. Overall, Null Bazar is a suitable place for buying and making property business.

Null Bazar Area Has Good Connectivity Within a 10–12 km Radius. It Is Close to Major Hospitals, Schools, Shopping Areas and Recreational Parks.

• Access to nearby business hubs like Cuffe Parade and Ballard Estate for jobs.
• Schools like DNBE and SIES are within 5 km.
• Jaslok and Lilavati hospitals are 10 minutes away.
• Oval Maidan, Chowpatty beach and Marine Drive are popular for walking.
• Wide range of restaurants, bars and retail options in the Fort area.

While the Locality Is Well-Connected, Certain Things Could Be Improved -

• During monsoons, streets get waterlogged making commuting difficult.
• Housing options are limited with many old buildings.
• Open spaces and green cover are lesser compared to suburbs.
• Noise and air pollution is higher than other areas of Mumbai.
• Needs more social infrastructure like community halls and stadiums.