Vasant Vihar, Malabar Hill, Mumbai

Vasant Vihar is a residential neighborhood located in South Mumbai. It is part of the affluent Malabar Hill area near South Mumbai. Situated on one of the seven original promontories that make up Mumbai, Malabar Hill is known for its colonial architecture and proximity to business districts. Vasant Vihar's PIN code is 400006 and it is located within close proximity to areas like Mata Parvati Nagar, Navshanti Nagar, Walkeshwar, Malabar Hill, Raj Bhavan, etc. - some of the most expensive real estate locations in Mumbai known for luxury apartments and high net worth individuals. This prime locality is well connected via road and railway network.

Vasant Vihar is known to be one of the most affluent neighborhoods in Mumbai. It houses high-profile residents including businessmen, politicians, celebs and renowned professionals from various fields. Life in Vasant Vihar is luxurious with lavish houses, high-end services and amenities. Residents here enjoy a relaxed lifestyle in a peaceful and green environment away from the hustle bustle of the city. The culture is refined and cosmopolitan with people socializing in high-society clubs, restaurants and social circles. Strong community bonds and traditional values co-exist with modern outlooks. Safety and security is of utmost importance among locals.

Physical Infrastructure of Vasant Vihar

Vasant Vihar is well-connected via major transportation links. Nearest metro station to the area is Mumbai Central metro station i.e. 3.7 Km away. The area is a short drive away from Western Express Highway and Eastern Express Highway allowing quick access to other parts of Mumbai and nearby areas like Thane, Navi Mumbai etc. It is in close proximity to key business hubs of Nariman Point and BKC which are easily accessible via Delhi Bridge or internal roads. There are proposed infrastructure upgrades like flyovers and widening of existing roads to handle growing traffic in this elite neighborhood.

Social and Retail Infrastructure of Vasant Vihar

Vasant Vihar is home to some of the top international and CBSE schools in Mumbai like NRP Sheth Multipurpose High School, Walsingham House School and Birla Open Minds International School, offering residents access to quality education. Residents can choose from multi-specialty hospitals located nearby - Jaslok Hospital & Research Centre, Apollo Spectra Hospitals and NH SRCC Children's Hospital. For daily needs and shopping, Atria - The Millennium Mall and CR2 Mall cater to residents' retail requirements. Malabar Hill market is also a popular neighborhood shopping destination. Colleges like SP Jain School of Lala Lajpat Rai College of Commerce and Economics and Jai Hind College are at a driveable distance, offering young locals higher education options in commerce and arts.

Real Estate Market Trends and Rental Demand in Vasant Vihar

Being one of the most prestigious addresses in Mumbai, property rates in Vasant Vihar have always been on the higher side. However, over the past few years, rates have seen a gradual rise given the steady appreciation and scarcity of available properties. Average prices for residential properties currently range between Rs. 75,000-110,000 per sq.ft. The rental market is also thriving with monthly rents anywhere between Rs. 1-2.5 lakhs for 3-4 BHK independent houses. This is due to growing demand from expat employees and professionals seeking luxury accommodations in a well-developed locale with high social infrastructure. proximity to key business hubs also adds to the rental appeal of this exclusive enclave. Both investors and end-users continue exploring opportunities in this high-end pocket.

Top Employment Hubs Nearby Vasant Vihar

Vasant Vihar is located in close proximity to some of the major employment hubs of Mumbai Metropolitan Region. Some of the top employment hubs near Vasant Vihar include:

• Peninsula Corporate Park- 7.1 Km
• White Hall- 2.1 Km
• Vishal Business Hub- 2.3 Km
• The South Bay- 2.5 Km

Famous Sub-Localities near Vasant Vihar

Vasant Vihar is surrounded by many established residential neighborhoods within close proximity. Some of the most popular landmarks in Vasant Vihar include:

• Malabar Hill
• Tardeo
• Gamdevi
• Girgaon
• Grant Road

Top Things to Do in Vasant Vihar

• Being located in Thane-Mumbai belt, the area around Vasant Vihar offers ample entertainment and leisure options. Some of the top things to do in Vasant Vihar include:
• A must visit is the Pramod Navalkar Udyan or Hanging Gardens located right at the peak, offering spectacular panoramic views of the Arabian Sea and stunning sunsets.
• Nearby is the scenic Babulnath Temple, one of the oldest temples in Mumbai nestled on a hilltop.
• For devotional experiences, the Sri Sri Radha Gopinath Temple is a lively Hindu shrine housing beautiful deity.
• Mani Bhavan Gandhi Museum is a humble abode where Mahatma Gandhi stayed during his visits to Mumbai and gives fascinating insights into his life and India's freedom struggle.
• From spiritual encounters to cultural discourse and scenic spots, there is never a dull moment in this neighborhood.

Conclusion

Vasant Vihar continues to be an attractive option for both homebuyers and tenants given the strong infrastructure support and connectivity it offers. The locality within 12 km has:

• Peaceful residential areas away from city chaos
• Proximity to employment hubs offering jobs
• Emerging retail and entertainment destinations
• Excellent school and healthcare facilities
• Appreciating property prices ensuring investment.

However, Certain Aspects need more Attention such as:

• Traffic congestion on main roads during peak hours
• Lack of open or green spaces within some sub-localities
• Water shortage issues reported in summers
• Stray animal menace in certain pockets
• Scope for improving civic amenities and services.

But overall development is on track to address current shortcomings.