Mumbai is the dream city in India to own real estate in as the city certainly has its own charm, with straggling entertainment centres and a wonderful place right next to the sea. Here, we'll take a quick look at the best locality in the city for you to own a property in. It is the Andheri west. There are many reasons why a person should buy property in Andheri East, Mumbai.
Why is Andheri East best to buy property in?
Anyone who has been to Mumbai could have seen this one coming. Andheri is a prime locality in Mumbai and the biggest suburb in the city, with a huge population. Andheri, in North Mumbai, has become the sought-after housing destination in the city due to the existence of numerous gated societies, luxury apartments and commercial spaces. Also, the location provides excellent connectivity and social infrastructure, which have enticingly donated to its rapid growth. In fact, no one can contradict the fact that Andheri is one of the perfect places to live in Mumbai.
If you are confused over where to invest in property in Mumbai, below are the top three reasons to choose Andheri East.
Excellent infrastructure
Andheri East is known to be the most well-connected suburbs in the Mumbai Metropolitan Region (MMR). The credit goes to its proximity to the Eastern & Western Express Highways along with the Mumbai International Airport. The locality has helped people a lot due to its closeness to prominent commercial hubs like Bandra-Kurla Complex (BKC) and Lower Parel and key eastern suburbs, including Vikhroli and Ghatkopar. The metro line running between Versova and Ghatkopar further increases the charm of the micro-market among the busy populace by simplifying the travel and reducing the burden of traffic on roads and railways. This particular area of perfect for buying property as it has observed rapid development in social infrastructure. People believe it is becoming replete with
- Hospitals, multiplexes,
- educational institutions,
- five-star hotels, and
- Numerous restaurants within easy reach,
All these features fuels end-use and rental demand.
Affordability
Pocket-friendly prices in a locality and well-connectivity are what makes Andheri East the biggest growth driver. The locality has appeared as an applicable choice for buying properties by middle-class buyers and financiers looking for stable rental returns. Meanwhile, commercial properties, too, remain highly inexpensive here, with great rental values for top Grade office spaces. Professionals claim that an ample quantity of quality commercial properties in Andheri East has ensured stability in prices and established this place as an affordable commercial hub.
Scope for future growth
Andheri East gets healthy demand from those employed in the neighbouring commercial and industrial hubs, which is expected to surge in the near future. The handiness of affordable and all sized properties leads to the locality observing traction from the middle class as well as upper-middle-class property buyers and tenants who cannot afford upscale properties in Andheri West.
Engaging Maximum Number of Developers
A huge number of developers are turning towards Andheri East on account of the above-mentioned facilities. Pockets located along the Western Express Highway are mainly of interest for long-term investors backed by rising residential demand. The expectation of significant capital appreciation is not misallocated either, share experts, as the capital prices in Andheri East are on a firm rise, clocking a growth of almost 200% in the last decade.
Infrastructure initiatives in the pipeline, such as the expansion of metro connectivity along with the rising demand for office spaces from the Information Technology (IT) sector, are expected to push considerable growth in the Andheri East's property market in the coming years. This makes it an outstanding time to enter the micro-market so to reap attractive returns while buying property in Andheri East.
Add Comment