{"id":66137,"date":"2023-02-23T10:58:31","date_gmt":"2023-02-23T05:28:31","guid":{"rendered":"https:\/\/navimumbaihouses.com\/blog\/?p=66137"},"modified":"2023-02-23T10:59:34","modified_gmt":"2023-02-23T05:29:34","slug":"invest-in-mumbais-andheri-east","status":"publish","type":"post","link":"https:\/\/navimumbaihouses.com\/blog\/news\/invest-in-mumbais-andheri-east\/","title":{"rendered":"Why should You Invest In Mumbai’s Andheri East?"},"content":{"rendered":"

Mumbai’s Andheri East is a well-liked neighbourhood that offers a variety of transportation alternatives, easy living, and a wide range of housing possibilities. The Mumbai<\/a> International Airport, major employment centres, and recreational opportunities are close by. Investigate whether it makes sense to invest in Andheri East<\/a>, where the average home costs Rs 21,000 per square foot.<\/p>\n

\n

Are you searching flats for rent in Wadala?<\/a><\/strong><\/p>\n

\n

\u00a0<\/strong><\/p>\n

A well-known micro market in the Bombay Metropolitan Region’s Mumbai-Andheri-Dahisar<\/a> area is Andheri East (MMR). Andheri East is a refuge for investors because to the Santacruz<\/a> Special Economic Zone (SEEPZ), Chakala Industrial Area, Marol Industrial Estate, all of which are parts of the Maharashtra Industrial Development Corporation (MIDC), as well as other commercial centres. Because middle-class professionals are particularly interested in the area, most real estate transactions there have a ticket size of Rs 1 crore or more. What, however, enhances the area’s real estate market, and should you consider investing in Andheri East?<\/p>\n

 <\/p>\n

A popular residential market<\/h2>\n

Andheri East, which is primarily a mid-segment neighbourhood, offers a variety of real estate choices, with about half of the inventory being 2 BHK apartments. Although around 90% of the stock’s valuation is at or above Rs 1 crore, only roughly 55% of it is between Rs 1-2 crore, and the rest is higher. The price of a home in the neighbourhood has risen by around 6% over the previous five years, and it is currently around Rs 21,000 per square foot.<\/p>\n

Andheri East is flanked by residential buildings from reputable developers like the Lodha Group, Sunteck Realty, & Mahindra Lifespaces, to name a few, thanks to the demand the region has among buyers and tenants. Only around 20% of the entire stock is under development in the neighbourhood, so there are plenty of homes that are ready to move into.<\/p>\n

Due to the presence of various office buildings, including the Bandra<\/a>–Kurla<\/a> Complex (BKC), Nirlon Knowledge Park, & Nesco IT Park within 5 to 10 kilometres of the area, among others, Andheri East is favoured by the tenant community in terms of the rental market. Tenants continue to like flats set up as 1 BHK units the most, paying a monthly fee of between Rs 25,000 and Rs 45,000. The region has a smaller annual rental yield than Andheri West, at roughly 5%, but it is still respectable and higher than many residential markets, which have annual rental yields of only 2-4%.<\/p>\n

 <\/p>\n

Excellent intra-city connectivity<\/h2>\n

Andheri East has outstanding connectivity via road, rail, and metro in a metropolis that is beset by lengthy traffic snarls. Together with the Andheri-Kurla Road and the Jogeshwari<\/a>–Vikhroli<\/a> Link Road, the Western Express Highway serves the region and makes it easy for residents to travel to other areas of Bombay. Also, a planned bridge connecting the Juhu<\/a>–Versova<\/a> Link Road to Mayor Hall is anticipated to ease traffic even more. The distance to the airport, Chhatrapati Shivaji Maharaj International Airport, is only three kilometres.<\/p>\n

A station on Mumbai Metro Line 1 (Versova-Andheri-Ghatkopar) provides service to the neighbourhood. Moreover, Andheri East will gain significantly from the operation of Line 3 (Colaba-Bandra-SEEPZ) as a result of the addition of MIDC and SEEPZ as two new stops. Within a five-km radius of the area. The development of the Line 2A DN Nagar Metro Station would also improve connectivity.<\/p>\n

Andheri East has a specific Mumbai Suburban Railway connection for access to the railroads.<\/p>\n

 <\/p>\n

Developed social infrastructure<\/h2>\n

The residents of Andheri East are noted for receiving all the amenities they require. Many social facilities that serve the community’s medical and educational requirements can be found there. Also, the region has a number of marketplaces, shopping centres, and supermarkets for buying necessities. The region’s appeal is increased by tourist attractions such the adjacent Juhu Beach, Mahakali Caves, and Jogeshwari Caves.<\/p>\n

 <\/p>\n

Social amenities close to Mumbai’s Andheri East<\/h2>\n\n\n\n\n\n\n
Commercial hubs<\/strong><\/td>\nEducational institutions<\/strong><\/td>\nHealthcare facilities<\/strong><\/td>\nRecreational options<\/strong><\/td>\n<\/tr>\n
Marol MIDC<\/td>\nCanossa High School<\/td>\nHoly Spirit Hospital<\/td>\nStar Market<\/td>\n<\/tr>\n
Bandra Kurla Complex<\/td>\nBombay Cambridge International School<\/td>\nSevenHills Hospital<\/td>\nJuhu Beach<\/td>\n<\/tr>\n
Powai<\/a><\/td>\nICAR-Central Institute of Fisheries Education<\/td>\nSugun Hospital<\/td>\nPhoenix Marketcity Mall<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Although the area is well-facilitated, it has a few drawbacks related to traffic jams, bad parking, and flooding during the monsoon season. So, it is crucial to balance the pros and cons before making an investing decision.<\/p>\n

Andheri East has long been a popular place for investors to make investments. And it is anticipated to continue to dominate the city’s real estate market. But, before selecting a home and signing the contract, use due diligence and conduct a complete market analysis.<\/p>\n

 <\/p>\n

 <\/p>\n

Luxurious & Affordable 2 bhk flat for sale in navi mumbai | 8433959100<\/strong><\/span><\/div>\n