Real Estate in Oshiwara District Centre (ODC), Mumbai

Oshiwara District Centre (ODC) is located between Andheri Lokhandwala and Goregaon West in Mumbai. This is an upcoming realty micro-market that has been envisaged as the 2nd ‘Growth Center’ in Mumbai after Bandra Kurla Complex. Oshiwara has seen quite a bit of infrastructure uplift with the addition of a new railway called Ram Mandir which is the gateway to Oshiwara. The brand new Mrinaltai Gore Flyover provides east-west connectivity and connects ODC to the Western Express Highway. Work is ongoing to develop a number of internal 60 feet roads for better connectivity. Sunteck Realty is one of the first developers to invest in ODC with their mixed-use development called Sunteck City – Avenue 1 & 2.

Oshiwara District Centre (ODC) – Mumbai’s Newest Growth Centre

Last updated on April 11, 2018 by Chrisanta Dias

If you are a regular commuter on the Western Railway route, you would surely be familiar with the newest station called Ram Mandir which is situated between the suburban stations of Jogeshwari and Goregaon in North Mumbai. Not many are aware though, that this new Ram Mandir station is the gateway to what will be the newest, upcoming, posh business hub called Oshiwara District Centre (ODC). The Mumbai Metropolitan Region Development Authority (MMRDA) received government approvals for this new business district in 1992. However, actual work only began in the early 2010’s when various areas of Oshiwara were earmarked for Slum Rehabilitation plans. Various plots were snapped up by numerous interested developers and plans were drawn up, increase in FSI’s were proposed and approved and work on the new station was started alongwith supplementary infrastructure plans for Oshiwara – Mumbai’s newest suburb and hotspot! For the longest time, Mumbai’s businesses …

Oshiwara District Centre (ODC) – Mumbai’s Newest Growth Centre

If you are a regular commuter on the Western Railway route, you would surely be familiar with the newest station called Ram Mandir which is situated between the suburban stations of Jogeshwari and Goregaon in North Mumbai. Not many are aware though, that this new Ram Mandir station is the gateway to what will be the newest, upcoming, posh business hub called Oshiwara District Centre (ODC). The Mumbai Metropolitan Region Development Authority (MMRDA) received government approvals for this new business district in 1992. However, actual work only began in the early 2010’s when various areas of Oshiwara were earmarked for Slum Rehabilitation plans. Various plots were snapped up by numerous interested developers and plans were drawn up, increase in FSI’s were proposed and approved and work on the new station was started alongwith supplementary infrastructure plans for Oshiwara – Mumbai’s newest suburb and hotspot!

Location and connectivity are at its optimum at Sunteck City
Location and connectivity are at its optimum at Sunteck City

For the longest time, Mumbai’s businesses were concentrated in South Mumbai requiring people to travel long distances from various parts of the city to this hub. However, people migrating to the city for job opportunities were forced to choose to live in the northern suburbs due to the prohibitive cost of housing in the south. To decongest the city and reduce the burden on infrastructure, the business district known as Bandra Kurla Complex was developed. This also resulted in a new real estate micro-market and development of nearby suburbs such as Bandra East, Kurla and Ghatkopar. The development of Oshiwara District Centre aims to achieve something similar. ODC is in fact touted as the 2nd ‘growth centre’ after BKC in Mumbai. Let’s look at the potential of ODC in becoming the ‘BKC of the North’ and a real estate micro-market.

Scope of ODC

Oshiwara District Centre has been envisaged as a big scale project. ODC is a brownfield development which will come up on 160 acres which will be developed to accommodate commercial, entertainment as well as residential projects. In simple figures this translates to planning residences for 20,000 families, 3,000 retail and commercial outlets and, 2.5 lakh job opportunities. This last figure is critical to a city which witnesses a consistent influx of lakhs of migrants every year in search of jobs and a better standard of living. The government has approved utilisation of up to 50% of the FSI for residential developments in Oshiwara, meaning we will see largely tall residential towers.

Location

Undoubtedly, location is of paramount significance. ODC is located between Andheri Lokhandwala and Goregaon West. Thus it is close to major western suburbs such as Andheri and Goregaon-Malad, making it a central point while BKC is 25 mins away in drive time. The new Ram Mandir station makes access to Oshiwara easier than it was before – ODC is just 2 mins away. Oshiwara also enjoys quick access to the arterial routes of SV Road and Western Express Highway. The international and domestic airports are a 15 min drive away. The upscale neighbourhood of Lokhandwala is a 10 mins drive away.

Nirlon Knowledge Parkon Western Express Highway
Nirlon Knowledge Parkon Western Express Highway (Source: JLL)

Proximity to Employment Hubs

Perhaps the biggest attraction of Oshiwara will be the ease of transit to the nearby employment centres. Many commercial business, knowledge and IT parks have been coming up along the Western Express Highway (WEH) and along major routes such as Link Road in the suburbs. These parks host offices of major MNCs such as TCS, Evalueserve, Ernst & Young, Oracle, Aditya Birla Finance Limited, ICICI, Morgan Stanley, HSBC and more. NESCO and Nirlon Knowledge Park are two new commercial office buildings on either side of Mrinaltai Gore Flyover, along the WEH and can be reached in 2 mins from Oshiwara.

Oshiwara is also 15-20 mins driving distance from Malad which is home to one of Mumbai’s biggest outsourcing hubs in Mindspace located right off the Link Road. Thus, for residents of Oshiwara getting to offices located in any of these places will be relatively easier and offer better work life balance due to reduced commute time.

Infrastructure Upgrades

The genesis of every new micro-market is initiated by the development of infrastructure or in some cases supplemented by it. To enhance the appeal of ODC, numerous infrastructure projects have been undertaken, completed and planned. Ram Mandir station was one of these. The Mrinaltai Gore Flyover which provides east-west connectivity is another crucial development. Work is planned for six internal 60 feet roads for better connectivity.

Mrinal Gore Flyover connecting to the Western Express Highway
Mrinal Gore Flyover connecting to the Western Express Highway

Furthermore, the Harbour Railway Line which connected CST to the western suburbs up to Andheri, has been extended up to Goregaon (the station after Ram Mandir) which enhances the connectivity and transport options. Work on the Mumbai Metro Line 2A which will connect Andheri West up to Dahisar East, passing through Oshiwara, will start soon and contribute in a big way to decongesting the arterial SV Road. With these numerous infrastructure upgrades, Oshiwara gives the impression of a shiny new hotspot.

Lifestyle Amenities

Oshiwara might be a fairly new neighbourhood, however it is very close to nearby settled suburbs and thus has access to various essential social infrastructure as well as lifestyle conveniences. Well known schools in the neighbourhood include Vibgyor High School and Ryan International School which are both 5 mins driving distance away. Kokilaben Dhirubhai Ambani Hospital is well known and can be driven to in 15 mins for any emergencies. There are numerous smaller hospitals and clinics for less critical medical needs.

Oshiwara enjoys proximity to the entertainment hub of the city. The suburb of Andheri, and the arterial Link Road which can be reached in 10 mins from Oshiwara are well known for various entertainment related businesses such as animation, multimedia and art studios as well as the famous Filmistan Studios. Popular malls around Oshiwara which can be easily driven to include Inorbit (15 mins) and Infiniti (10 mins) in the west while Oberoi and Hub malls are in the east, accessible via the Mrinaltai Gore flyover.

To Conclude…

Oshiwara is being developed along the lines of a well planned hub which will decongest the nearby suburbs while simultaneously boosting property rates. Oshiwara is already being seen as an upcoming investment destination with potential for steady appreciation. Developers such as Sunteck Realty are some of the first movers in ODC with their mixed-use development Sunteck City – Avenue 1 & 2. Sunteck City has seen very good response from homebuyers and can be viewed as an initial indicator of market enthusiasm for the newest real estate micro-market in Mumbai. The success of ODC will galvanise the MMRDA to adopt more such neighbourhood for a developmental facelift. Meanwhile Oshiwara District Centre is off to a good start.




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