If you are an avid Bollywood lover and want to become the neighbour of the Mumbai’s entertainment industry, then you must invest in the real estate market of Goregaon West. Located in the Mumbai suburban district, Goregaon west is now turning into a wealthy suburb. Famous film studios such as Filmistan and Film City are located here.
The area is also home to a diverse flora and fauna and that’s what attracts prospective home buyers to this location. However, there are many other reasons too which make this area better from other suburbs of Mumbai. Let’s take a look at that:
Surrounded by the Western Express Highway, Goregaon west is well connected to the commercial locations on its north and south. While, the highway connects it directly to the International Airport, Lokhandwala-Malad Link Road, the Jogeshwari-Vikhroli Link Road and SV Road also connect the area to other parts.
It has two big bus depots – Dindoshi and Goregaon. Apart from this, the proposed Phase III of the Mumbai Metro between Andheri east to Dahisar will further boost this regions connectivity.
Because of its eco-friendly environment, Goregaon west is a loved locality to many Mumbaikars. One can easily found townships projects which offer big size apartments, duplex with private terrace and sun decks. Many renowned entertainment and retail showrooms also fall in the region like InOrbit Mall, Oberoi Mall, Mega Mall, HyperCity, Central, The Hub and Lokhandwala market.
According to real estate experts, “The area has seen tremendous growth in recent times. Ease of access, coupled with the economical rental and property prices, led to many companies setting up their headquarters in the vicinity. Premium commercial offices, IT companies, educational institutes and hospitals in the area, have added to the importance of Goregaon, which is also one of the greenest suburbs of Mumbai.”
Also, a number of healthcare to well-known schools and institutions have made Goregaon west a prominent location for home buyers.
Property Price trend
The residential market of Goregaon west is a mix of both-luxury as well as affordable segments. One can find residence here ranging from 1-BHK to compact 3-BHK apartments in the price range of Rs 1-2 crores. The best part is that investing in a luxury property in this area is very profitable.
Also, due to development of many companies, the demand for rental accommodation has also increased. Due to this, many people are investing in Goregaon West, just to earn rental income. Property prices range from Rs 18,000 per sq ft to Rs 30,000 per sq ft.
So with rapid urbanization, Goregaon west has today developed into a well-built residential destination which is ideal for families as well as working individuals.