[ecis2016.org] Andheri west is one of the posh localities in Mumbai. Being one of the oldest residential areas of the city, it is well-planned and has a cosmopolitan population. The locality is very well-connected to all parts of the city
Andheri west, one of the major residential areas, is among the oldest neighborhoods located in the western part of Mumbai. The area houses some of the biggest entertainment companies of the country like Balaji Telefilms, Yashraj Studios, Sahara TV, Big FM, etc. In future, the Mumbai Metro network will cover the area. Nearby Andheri west localities include Jogeshwari west and east, Goregaon, Malad Creek, BMC Road, etc.
You are reading: Andheri west property market: An overview
Being one of the oldest parts of the city, it is a premier residential area as far as Andheri west real estate is concerned. The suburb is connected well with major landmarks of Mumbai. As a result, there has always been a high demand for residential apartments in Andheri west, being one of the noted areas in Mumbai.
There are a number of noted projects which have come up in the area, like Wadhwa’s The Nest, Bharat Park Vistas, Adani Group Western Heights, etc. Builders in Andheri west include famed developers like the Godrej Group, Raheja Group, Oberoi Group, etc., who are working on some of the major projects in Andheri west.
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Connectivity with nearby Andheri west localities
- Western Express Highway, Swami Vivekananda Road and New Link Road are some of the prominent roads which run though the area.
- The area has an extensive bus service and the Oshiwara Bus Depot and Goregaon Bus Depot lie in close vicinity.
- The area has its own suburban railway station. Apart from that, there are railway stations at Jogeshwari and Ghatkopar. The Jogeshwari railway station is approximately 2 kilometres away from Andheri west.
- The international airport is about 10 minutes away from the area.
[ecis2016.org] Property rates & trends in Andheri west, Mumbai
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Employment hubs near Andheri west
- The Technopolis Knowledge Park is located approximately 5 kilometres from the area.
- The Fourth Dimension Park is approximately 2 kilometres away from the locality.
- The Samruddhi Venture Park, Spectrum Tower and Magnus Tower are approximately 6-7 kilometres away from the area.
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Andheri west offers very good social infrastructure to its residents. Some of the reputed schools in Andheri west include the Ryan Global School, St Louis Convent School, Bhavan’s Institute of Interdisciplinary Studies, etc. Some of the leading hospitals in Andheri west include the Kokilaben Dhirubhai Ambani Hospital, RG Stone Urological Research Institute, Nanavati Hospital, etc. The shopping needs of the residents are catered by malls in Andheri west such as the Inorbit Mall Malad, Fun Republic Andheri, Oberoi Mall Goregaon, etc.
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Price trends in Andheri west
- Price appreciation—Around 20% in the last one year.
- Current property rates—Rs 16,648-Rs 26,624 per sq ft.
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Reasons to invest in Andheri west
Andheri west possesses many gated communities and luxury apartments. It offers excellent connectivity and social infrastructure and these are the major reasons for its rapid growth. Thus, there is no denying that Andheri west is certainly one of the best places to live in Mumbai. Further, considering the price trends in Andheri west and the rising demand, the locality will definitely prove to be a good investment region in future. There will be excellent appreciation of property rates in the area and with a number of projects which are being developed, the area will only grow further.
Check properties in Andheri West
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Category: Lifestyle
