Andheri: Mumbai’s Best Residential & Commercial District
Here are all the specifics on Andheri, a western Mumbai neighbourhood with a mix of uses. Andheri, one of the city’s many distinctive neighbourhoods, is situated in western Mumbai. The real estate market in Andheri is diverse, with options ranging from modestly priced apartments to some of the most costly homes in India. The superb balance of practicality and magnificence in Andheri makes the properties there well worth the price.
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This article will examine the Andheri real estate market, focusing on issues like current home values and a rundown of the neighborhood’s finest qualities.
Overview of Andheri
The mixed-use community of Andheri, which is close to the Western Express Highway, is home to a large number of residences and establishments. The Mumbai Suburban Railway Network’s western line divides this neighbourhood into Andheri West & Andheri East. Among the well-known areas in the area are Powai, Lokhandwala Complex, Vile, Versova, Seven Bungalows, Parle, & Four Bungalows. Because of its convenient location, first-rate public services, and plenty of retail outlets, Andheri is a popular site to purchase real estate.
Physical infrastructure in Andheri
By way of the nearby SV Road, Link Road, and Western Express Highway as well as the Andheri Railway Station. Andheri is conveniently connected to the rest of Mumbai. The city’s Line 1 metro line, which connects Versova, Andheri, & Ghatkopar, is currently in use and offers east-west underground service. The metro’s connectivity to its northern & eastern neighbouring communities would be considerably improved by Line 2, which is now under construction. Andheri is also extremely close to the enormous Chhatrapati Shivaji International Airport (3 km).
Retail and social infrastructure in Andheri
Andheri has benefited from having such well-developed community amenities. The St. Mary High School, Bharatiya Vidya Bhavans Sardar Patel College of Engineering, Bombay Cambridge International School, & Rajiv Gandhi Institute of Technology are just a few of the area’s illustrious educational institutions.
Two of the biggest hospitals in the city are Kokilaben Dhirubhai Ambani Hospital and Medical Research Institute. Customers in the neighbourhood have a large selection of retail malls and market complexes to choose from. Among the most well-known ones are Andheri West Market, Infiniti Mall, Citi Mall, Fun Republic, DB Mall, & Crystal Point.
Andheri: Nearby job locations
The majority of Andheri, Mumbai’s most populous neighbourhood & main business centre, is concentrated in Andheri East. Many significant employment hubs, such as the Chakala Industrial Area, the Santacruz Electronic Export Processing Zone, & the Marol Industrial Estate, are within 5 to 8 kilometres of each other. Andheri is conveniently located for commuting to the Bandra Kurla Complex, a significant commercial area (just approximately 10 to 15 kilometres away).
Property costs in Andheri
The cost of real estate per square foot in the Andheri West neighbourhood is approximately Rs 23,200. The cost of opulent new construction in the area ranges from three to twenty crore Indian rupees. Compared to Andheri East, Andheri West has a substantially greater cost of real estate. In Andheri East, a luxury project starts at 2 crore and can cost up to 6 crore.
The rental market in Andheri
A 1 BHK apartment in Andheri West with a carpet area of 500–700 square feet would cost between Rs 25,300 and 30,000 per month, whilst a 2 BHK house with a carpet area of 800–1,000 square feet would cost between Rs 43,000 and 50,000 per month.
One of Mumbai’s biggest micromarkets, Andheri East, experiences heavy foot and vehicle traffic, which is one of the primary reasons why rents here are lower than in the city’s western region. A 1 BHK apartment would cost you between Rs 22,000 and Rs 26,000 per month Whereas larger apartments might run you between Rs 34,000 and Rs 54,000.
Why is Andheri West a suitable place to make investments?
Because of its bustling population, first-rate transportation alternatives, and abundance of companies, Andheri West is a well-liked area to reside. Here are a few of the factors that make Andheri West such a promising neighbourhood:
Outstanding connections
Andheri West is a great choice for travel within Mumbai because of its handy location. Due to its proximity to the western line of the Mumbai suburban railway. The Azad Nagar metro station, this neighbourhood is reachable by train. The Mumbai International Airport is conveniently located nearby as well.
Upcoming construction
The Mumbai Municipal Corporation (BMC) intends to construct a corridor around the Andheri train station in order to reduce traffic. The Maharashtra Government has three flyovers planned to connect DP Road to Lokhandwala Lake, Yari Road to Lokhandwala Junction, & Fisheries Institute to Link Road.
Proximity to commercial areas
There are a number of commercial and industrial establishments close to the Andheri West neighbourhood. SEEPZ Special Economic Zone is only 5 kilometres from Bandra Kurla Complex (BKC), which is located approximately 11 kilometres away.
Social support systems
The community’s social infrastructure is also fairly robust. The suburb is a wealthy residential area since it has a number of elite educational institutions, shopping & entertainment centres, healthcare facilities, dining establishments, and other amenities.
Superior place
Today, Andheri West is regarded as one of Mumbai’s most upscale communities. Due to the presence of upscale neighbourhoods like Lokhandwala & Versova, there has always been a high demand for residential real estate in the area.
Income from investment
Property values will continue to improve over time because to Andheri West’s strong infrastructure, commercial projects, excellent connectivity, and social amenities, giving you sizable financial returns on your investment.
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