Locality Overview: The Rise of Andheri East as a Real Estate Hotspot!
Andheri East is a rapidly developing locality in Mumbai, Maharashtra. It is well-connected to other parts of the city via road, rail, and metro. The area is also home to a number of educational institutions, hospitals, and shopping malls. As a result, Andheri East is a popular choice for both residential and commercial properties.
Locality Overview
Andheri East is located in the eastern part of Mumbai, and is bounded by the Western Express Highway to the north, the Santa Cruz railway line to the east, the Jogeshwari Vikhroli Link Road (JVLR) to the south, and the Andheri railway line to the west. The area is well-connected to other parts of the city via a number of roads and highways, including the Western Express Highway, the JVLR, and the Airport Link Road. Andheri East is also well-served by the Mumbai suburban railway, with Andheri station being one of the busiest stations in the city.
The Social Infrastructure
Andheri East has a well-developed social infrastructure. The area is home to a number of educational institutions, including the University of Mumbai, the Indian Institute of Technology Bombay, and the Narsee Monjee Institute of Management Studies. There are also a number of hospitals and healthcare facilities in the area, including the Bombay Hospital, the Lilavati Hospital, and the Jaslok Hospital. Andheri East also has a number of shopping malls and supermarkets, making it a convenient place to live.
The Real Estate Market
The real estate market in Andheri East is quite active. The area is popular with both home buyers and investors. The average property price in Andheri East is around Rs. 21,000 per square foot. However, the prices vary depending on the location, the size of the property, and the amenities offered.
Investment Potential
Andheri East is a good investment destination. The area is well-connected, has a good social infrastructure, and is home to a number of industries. The real estate market in Andheri East is also quite active, which makes it a good place to invest in property.
Key Trends
The following are some of the key trends in the real estate market of Andheri East:
- Increasing demand for mid-segment properties: The demand for mid-segment properties in Andheri East is increasing, as the area is becoming more affordable for middle-class buyers.
- Growing popularity of ready-to-move-in properties: The demand for ready-to-move-in properties is also increasing in Andheri East, as buyers are looking for properties that they can move into immediately.
- Rise in prices of properties near metro stations: The prices of properties near metro stations are rising, as the metro is a convenient mode of transportation.
Conclusion
Andheri East is a promising investment destination in Mumbai. The area has a good social infrastructure, is well-connected, and is home to a number of industries. The real estate market in Andheri East is also quite active, which makes it a good place to invest in property.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
