Princess Dock, Mumbai Port Trust, Mazgaon, Mumbai

Princess Dock is a neighbourhood located in south Mumbai under the jurisdiction of Mumbai Port Trust and Mazgaon area. Princess Dock PIN code is 400009. Princess Dock is close to popular localities like Mandvi, Byculla and Marine Lines. This upscale residential area is situated along the coast near Mumbai Port and provides easy access to business destinations as well as entertainment and tourist hubs in south Mumbai.

Princess Dock is primarily a residential area inhabited by upper middle class and affluent families. Most residents are high-income professionals working in south Mumbai's financial districts as well as in the corporate circles. People living here enjoy an upmarket lifestyle with easy access to a variety of amenities. The local culture is cosmopolitan featuring a mix of businesses, restaurants, arts and community events that bring together residents from diverse backgrounds. It fosters a vibrant social life within a peaceful and secure coastal neighborhood.

Physical Infrastructure of Princess Dock

Being located in south Mumbai, Princess Dock is well-connected through public transport. It is served by the city's local train network with Wadi Bunder CST Station, Churchgate, Masjid and Sandhurst Road railway stations providing convenient rail connectivity. Several BEST buses ply on the main roads serving Princess Dock and adjoining areas. The nearest metro station is Cuffe Parade on the green line that runs along the western coast. The area has a good road network with the nearby Gokhale Road and Sion-Panvel Highway acting as major arterial roads. Besides, the Mumbai-Pune Expressway is a short drive away enabling quick access to neighboring cities. 

Social and Retail Infrastructure of Princess Dock

The area is well-served in terms of social infrastructure. Some of the reputed schools in the locality include Orchids The International School, St. Sebastian Goan High School and Sadhvi Savitribai Phule Upper Primary School. For higher education, residents have access to top colleges like St. Xavier’s College, Hinduja College of Commerce and Navneet Education Society Night Degree College. For healthcare needs, hospitals such as Habib Hospital, Jaslok Hospital and Dr. Shantilal Oza Hospital are in close proximity. One can also find many restaurants, shops and grocery stores. Major shopping attractions include High Street Phoenix and Palladium malls, which are just a short drive away.

Real Estate Market Trends and Rental Demand in Princess Dock

The real estate market in Princess Dock has remained quite robust over the years due to its premium location and infrastructure. Property rates have steadily appreciated here. The average price of residential properties is currently around Rs. 10,000-35,000 per square feet owing to high demand from home buyers seeking safe and convenient lifestyle near south Mumbai. Rental yields are also attractive ranging from Rs. 39,000-100,000 per month depending on size and amenities. Landlords can benefit from stable returns considering the upmarket amenities and close proximity to offices and social hotspots cited earlier. Proximity to social infrastructure causes steady rental demand from migrant professionals as well as students looking for affordable housing options near colleges.

Top Employment Hubs nearby Princess Dock

Given its strategic location in South Mumbai, Princess Dock is well-connected to many of the city's major commercial and business districts. Some of the top employment hubs near Princess Dock include:

• Ballard Estate - 3km
• Shubham Business Center - 4km
• Lodha Excelus - 5.8km
• Aqua Business Centre - 6km
• The South Bay - 7km 

Famous Localities near Princess Dock

Being a centrally located area in South Mumbai, Princess Dock offers residents easy access to several other popular sub-localities within a short drive. Some of the famous sub-localities include:

• Mazgaon
• Mandvi
• Byculla
• Marine Lines
• Girgaon

Top Things to Do in Princess Dock

Princess Dock, located in the heart of Mumbai provides residents access to a wide range of things to do within a short drive. Some of the top things to do in the area include exploring the iconic landmarks, hanging out in parks and open spaces as well as indulging in retail and entertainment activities. Some of the top landmarks in Princess Dock are:

Shree Mumbadevi Temple: 

Located in Zaveri Bazaar, this ancient temple dedicated to the city's patron goddess is about 5 kms from Princess Dock. It attracts dense crowds especially during the festive season of Navratri.

Wankhede Stadium: 

This iconic cricket stadium located in Churchgate hosts international matches and IPL games. People from Princess Dock enjoy catching action on the field which is about 5kms away.

Girgaon Chowpatty: 

One of the most popular stretches of beachfront in South Mumbai situated just 3kms from the locality. It is a top draw among locals and tourists to spend evenings amidst vibrant food stalls and entertainment shows.

Chhatrapati Shivaji Maharaj Vastu Sangrahalaya (CSMVS): 

Formerly known as Prince of Wales Museum of Western India, it houses monumental collections of art, sculptures and artifacts. This renowned museum located in Colaba is a 10 min drive away from Princess Dock.

Gateway of India: 

As the most photographed structure and iconic landmark of Mumbai, the Gateway is merely a 10 min ride via road or metro from the locality. Crowds gather here all year round but it is a spectacular sight during sunset.

Conclusion

With its upscale environs and accessibility to amenities, Princess Dock makes for an attractive residential address. At the same time, some aspects could see enhancements.

The Locality scores high on:

• Strategic location near key business hubs
• Safety and security owing to its coastal setting
• Wide selection of schools, colleges and hospitals
• Options for relaxation along the coast and parks
• Well-served by public transport including local trains

Scope for Improvement lies in:

• High property maintenance costs
• Occasional traffic congestion on main roads
• Lack of open spaces for recreation
• Scarcity of hypermarkets and large format retailers
• Scope to add more police booths for enhanced security

On the whole, this coastal enclave continues to retain popularity for its livability and investment potential.