Top Five Reasons To Invest In Goregaon East, Mumbai
Invest In Goregaon East Mumbai- A well-known Mumbai suburb called Goregaon is becoming quite popular with real estate agents. However, because of its close proximity to the Western Express Highway, social amenities, and employment centres, the eastern portion of the area has gained more favour. Additionally, a number of recently launched new projects in the area have attracted purchasers. The main elements that justify investing in Goregaon East are discussed in this blog.
Are you searching 2bhk flat for rent in kharghar?
Goregaon East’s infrastructure and connectivity make it one of Mumbai’s most sought-after neighbourhoods. The Western Express Highway & Jogeshwari Vikhroli Link provide excellent connections to the city’s business hubs, making travel to these areas smooth. The area is home to several film studios, which contributes to its popularity as a place to live and work. However, what other factors influence Goregaon East’s housing demand?
Investors are taking notice of the several proposed road developments in Goregaon East. In addition, the region provides a wide range of ready-to-move-in and under-construction residential options, satisfying the needs of buyers of all price points.
Top factors boosting investment in Goregaon East, Mumbai
The article details the many residential options available in Goregaon East, their associated costs, and the area’s potential as an investment.
Diverse property options
Property possibilities in Goregaon East, a mid-segment suburb, range from 1 BHK to 5 BHK. The majority of the apartments, which cost about Rs 30,500 per square foot, are 2 BHK & 3 BHK models. In Goregaon East, around 70% of the housing societies are ready to occupy and provide a variety of layout options. On the other hand, investors searching for early investment opportunities can fund ongoing or just completed projects.
Projects in progress in Goregaon East
| Project | Status | Configurations offered | Price range | Expected Completion Date |
| Avant Hillway | Under Construction | 1 BHK, 2 BHK, 3 BHK, and 4 BHK | Rs 90.85 lakh – 1.97 crore | December 2024 |
| Navnath Jayas | New Launch | 1 BHK, 2 BHK, and 3 BHK | Price on request | Dec-27 |
| Arkade Aspire | Under Construction | 2 BHK and 3 BHK | Rs 1.45 crore Rs 3.51 crore | Dec-25 |
| Agarwal Floresta | New Launch | 1 BHK, 2 BHK, 3 BHK, and 4 RK | Rs 78 lakh Rs 2.35 crore | Jun-27 |
Notice: As of April 2024, the price range displayed is based on the listings that were published on navimumbaihouses.
Some of Goregaon East’s ready-to-move-in housing societies may be of interest to those seeking instant possession; these are listed in the table below.
| Project | Status | Configurations offered | Price range |
| Raheja Ridgewood | Ready to Move | 1 BHK, 2 BHK, 3 BHK, 4 BHK & 5 BHK | Rs 1.65 crore Rs 6.35 crore |
| Lodha Fiorenza | Ready to Move | 2 BHK, 3 BHK, and 4 BHK | Rs 2.66 crore Rs 4.52 crore |
| Jaliyan Heights Goregaon | Ready to Move | 1 BHK and 2 BHK | Rs 1.01 crore Rs 2.25 crore |
| Oberoi Exquisite | Ready to Move | 3 BHK, 4 BHK, and 6 BHK | Rs 6 crore – Rs 15 crore |
| Delta House | Ready to Move | 1 BHK and 2 BHK | Rs 81.8 lakh Rs 1.3 crore |
As evidenced by the volume of property registrations, Goregaon East is a well-liked residential area. Nearly 230 properties in the vicinity were registered in the last six months, according to navimumbaihouses.
Goregaon East’s housing demand is predicted to rise further due to the area’s investment potential and the presence of numerous reputable builders, including DB Realty, Rustomjee, Raheja Universal, and Lokhandwala Construction.
Proximity to social amenities
Goregaon East is well-versed in all the amenities that one might possibly need, including medical, educational, and recreational services. Although the majority of these amenities are located nearby, others are only five or six km distant. The social amenities that are conveniently located near Goregaon East are listed below:
| Hospitals (within 3-5 km) | Educational institutes (within the locality) | Recreational options (within 5-6 km) |
| Kapadia Multispecialty Hospital | Ryan International Schools | Citi Mall |
| Infinity Multispecialty Hospital | Oberoi International School | Oberoi Mall |
| SRV Hospital | Yashodam High School and Junior College | Hub Mall |
Seamless connectivity
Goregaon East is easily reachable by Mumbai Metro as well as by road and rail. For inhabitants, daily commutes require convenient road travel. These are a few of Goregaon East’s main transit hubs.
- The Western Express Highway connects Goregaon East directly to important locations like Andheri West, Malad, Kandivali, Borivali, & Mulund West, which are just 14 minutes away.
- Goregaon East and Mumbai’s International Airport are only nine km apart, or fifteen to twenty minutes’ travel.
- Situated in Goregaon East, Goregaon Railway Station offers convenient rail access throughout Mumbai.
- The Maha Metro’s Line 7 Metro Station in Goregaon East guarantees hassle-free commute service & has connections to Lines 1 and 2.
Nearby employment hubs
Working professionals strongly choose any location that is close to employment centres. Notably, Goregaon East is a good neighbourhood for working people looking for housing because it’s adjacent to a number of IT parks and employment centres. Because there are nearby employment centres, there is still a high demand for both homes and rentals in the neighbourhood. Within three to five km of Goregaon East are a several employment hubs:
- NESCO IT Park
- Infinity IT Park
- Nirlon Knowledge Park
These job centres are conveniently located in Goregaon East and can be reached by car in ten to fifteen minutes.
Investment potential
Purchasing real estate in Goregaon East can prove to be a profitable endeavour, given the area’s 28% gain over the previous three years. Apartment prices range from Rs 54 lakh to Rs 1.12 crore for a 1 BHK apartment and from Rs 5.88 crore to Rs 10.72 crore for a 4 BHK apartment, with the average cost of an apartment being Rs 30,500 per square foot. For a studio flat of 1 RK, the monthly rent ranges from Rs 13,000 to Rs 50,000. According to navimumbaihouses, the monthly rental cost of a two-bedroom flat ranges from Rs 25,000 to Rs 90,000.
Goregaon East’s investment potential is anticipated to rise further now that the Kandivali Lokhandwala to Goregaon East Road project, which intends to improve connectivity and lessen congestion, has received approval from the Brihanmumbai Municipal Corporation (BMC). This 2.1 kilometre route would be crucial in tying Goregaon East’s Kandivali Lokhandwala to the Western Express Highway (WEH). Additionally, the Goregaon-Mulund Link Road project, which is now under development, is anticipated to enhance connectivity within the area.
Conclusion
Unquestionably, Goregaon East is a great spot to invest because of its smooth connection, close access to social infrastructure, variety of real estate options, and proximity to employment centres. In addition, locals gave Goregaon East a 4.2 out of five rating for aspects like environment, safety, connectivity, and way of life. Many residents, both past and present, commended the neighbourhood for its walkable markets, well-kept roads, proximity to the metro, and social amenities. However, they also brought up the area’s recurring traffic bottlenecks and parking problems. For this reason, prospective Goregaon East homeowners need to do extensive study. A local real estate agent who has earned their RERA accreditation is another resource for expert advice. Making an informed judgement and learning more about the market would be facilitated by this.
You’re looking for Projects in Kalyan have the Best Properties In Thane Like Ready to Move:https://navimumbaihouses.com/properties/search/thane-all/
If you want daily property update details please follow us on Facebook Page / YouTube Channel / Twitter
