3 Reasons Why Goregaon West Should Be Your Next Investment Destination

Enjoying an impressive location in the West of Mumbai, Goregaon has grown into a real estate hotspot. Though initially known for its low and mid-end projects, the locality now hosts some of the world-class luxury projects of the ‘Dream City’ Mumbai. Lately, Property in Goregaon West is attracting a lot of investor attention largely owing to its proximity to the posh locations of Western suburb like Andheri and Powai. Counted among the swanky areas of Mumbai, this neighbourhood offers opulence at a comparatively affordable rate.

Three main reasons can be attributed to why this residential belt is gaining so much popularity among investors and end-customers.

Great connectivity via Western Express Highway

The first reason as to why the launch of New Residential Project in Goregaon West is rising at a fast pace is its excellent connectivity features. Bordered by the Western Express Highway, the place offers hassle-free accessibility from the commercial locations on its North and South. The highway connects it directly to the Chhatrapati Shivaji International Airport. Phase II of Mumbai Metro will reach the far-off corners of Goregaon, thus taking the connectivity to a next level. A flyover connecting the locality to the Eastern Express Highway has also been proposed.

Large scale commercial development

Another reason that results in the popularity of Property in Goregaon West is its excellent social infrastructure. The surroundings are replete with high tech malls and multiplexes and other commercial developments. The famous film city is also in close proximity to the location. Several entertainment avenues and food chain outlets are also situated within the area and around it. All these factors add to the quality of life in the location and improve its investment potential. After the coming of metro, more commercial development is expected in the location.

Affordable as compared to the surrounding posh addresses

Since the locality is surrounded by swanky areas of Andheri, Borivali and Powai, developers are coming up with New Residential Project in Goregaon West that belong to the affordable category. Moreover, it will still take some time for this micro-market to compete with the nearby locations in terms of prices. This works out in favor of the city as mid-segment buyers are flocking around the location.

Oberoi Realty, Sunteck Realty and RNA Corp. are a few renowned builders who have launched their luxury projects along the belt. Besides the high-rise development, bungalows and penthouses can also be seen in the location. Because of the three main reasons mentioned above, this locality is growing as a highly anticipated real estate investment destination.