{"id":74538,"date":"2024-08-26T15:27:29","date_gmt":"2024-08-26T09:57:29","guid":{"rendered":"https:\/\/navimumbaihouses.com\/blog\/?p=74538"},"modified":"2024-08-26T15:27:29","modified_gmt":"2024-08-26T09:57:29","slug":"goregaon-east-or-goregaon-west","status":"publish","type":"post","link":"https:\/\/navimumbaihouses.com\/blog\/news\/goregaon-east-or-goregaon-west\/","title":{"rendered":"\u00a0Which Is Better For Property Investment: Goregaon East or Goregaon West?"},"content":{"rendered":"

Goregaon<\/a>, a major Mumbai<\/a> suburb, has strong transportation links via Goregaon Railway Station & the Western Express Highway. The forthcoming Kandivali-Goregaon East project & the Goregaon-Mulund<\/a> Link Road will improve access even further. Goregaon East &\u00a0West both have significant social infrastructure, however property prices and trends differ.<\/p>\n

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Are you searching 2bhk rent flat in kharghar?<\/a><\/strong><\/p>\n

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Goregaon is a well-known western neighborhood of Mumbai. It is separated into two localities, Goregaon East and Goregaon West, which provide inhabitants and others with distinct perks, lifestyles, and preferences. This article compares the eastern and western areas of Goregaon based on connection, price appreciation, and affordability, among other factors. Continue reading to find out which parts of Goregaon are suitable for property investment.<\/p>\n

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Goregaon East vs Goregaon West<\/h2>\n

Goregaon is near major corporate centers and educational institutions. This makes it appropriate for professionals who live independently or with their families. It has a supply of properties in various configurations, budgets, & tastes, ensuring that investors find properties that meet their investment objectives. Here’s a closer look at the main selling aspects of Goregaon East and Goregaon West:<\/p>\n

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Price appreciation\u00a0<\/span><\/h3>\n

There is a significant variation in the rate of property price appreciation between Goregaon (E) and Goregaon (W). Goregaon East has experienced a more rapid growth spurt due to the construction of newer and more premium residential complexes, with a 29 percent increase in the last five years. Its western region has a more saturated market, with a 12.2 percent growth rate over the same period.<\/p>\n\n\n\n\n\n\n
Price trends in Goregaon East and Goregaon West, Mumbai<\/strong><\/td>\n<\/tr>\n
Localities<\/td>\nIncrease in past 3 year<\/td>\nIncrease in past 5 years<\/td>\n<\/tr>\n
Goregaon East<\/td>\n25.2 percent<\/td>\n29 percent<\/td>\n<\/tr>\n
Goregaon West<\/td>\n12.2 percent<\/td>\n12.2 percent<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Connectivity<\/span><\/h3>\n

Connectivity is critical for the growth of real estate in any area since it encourages investment. Notably, both Goregaon (E) & Goregaon (W) are well-connected areas in Mumbai, with an effective transportation network.<\/p>\n

The Western Express Highway connects Goregaon East seamlessly. Furthermore, it will be immediately connected to Kandivali Lokhandwala via the Kandivali Lokhandwala Goregaon East connection project. On the contrary, Goregaon West’s proximity to the Western Express Highway, SV Road, & JVLR provides effective road access to the rest of Mumbai. It is also served by the Goregaon Railway Station, which is located on Mumbai’s Western Line suburban rail network.<\/p>\n

Notably, the forthcoming Goregaon-Mulund Link Road (GMLR) project would connect both Goregaon areas directly to Mulund. This is intended to shorten the travel time between Goregaon & Mulund to 25 minutes, down from 75 minutes.<\/p>\n

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Metro connections<\/span><\/h3>\n

Goregaon East has a metro rail station on Mumbai Metro Line 7 (Dahisar<\/a> East to Andheri<\/a> East). Notably, the Goregaon East Metro Station is around 2.2 kilometers distant from the area. Goregaon West, on the other hand, is connected by Metro Line 2A, which is located 2.5 kilometers away.<\/p>\n

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Proximity to employment segments.<\/span><\/h3>\n

While both areas are close to important economic hubs, Goregaon East is closer to several major employment centers, including Mumbai Film City & other media and entertainment offices. In addition, Goregaon East is close to major IT hubs like Infinity IT Park.<\/p>\n

Goregaon West is also close to important business centers. Its proximity to corporate headquarters in places like as Bandra<\/a>–Kurla<\/a> Complex (BKC) is made possible by its easy access to the Western Express Highway.\u00a0 Nearby job hubs include Oshiwara District Centre & Nesco IT Park.<\/p>\n

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Social infrastructure<\/span><\/h3>\n

The eastern side of Goregaon is home to hospitals such as Radha Krishna Hospital & Hospital Vedant. Residents have access to nearby retail and entertainment hubs such as Big Bazaar Kandivali & PVR Milap. The area also contains educational institutions including Yashodham High School & Junior College & St Thomas School. Notably, Goregaon East has a 4.3 out of five-star rating on the Ratings & Reviews portal.<\/p>\n

Medical facilities such as Vivanta Hospital & Kapadia Multi Specialty Hospital are part of Goregaon’s western social infrastructure. Saaket Shopping Centre and Nalanda Shopping Centre are two local shopping destinations. The region also contains various schools, including Jawahar Vidyalaya High School, IB Patel School, & VIBGYOR High School. On the Ratings & Reviews portal, Goregaon West has a rating of 4.3 out of five stars.<\/p>\n\n\n\n\n\n\n\n\n\n
Social infrastructure: Goregaon East vs Goregaon West<\/strong><\/td>\n<\/tr>\n
Parameters<\/strong><\/td>\nGoregaon East<\/strong><\/td>\nGoregaon West<\/strong><\/td>\n<\/tr>\n
What is available<\/td>\nThe area is primarily residential, with close access to media and entertainment areas, as well as IT parks.<\/td>\nA mix of residential, commercial, & retail areas, with easy access to major business centers.<\/td>\n<\/tr>\n
Notable builders<\/td>\nOberoi Realty, Lodha, Omkar, and others.<\/td>\nRaheja, Poddar, Wadhwa, and others<\/td>\n<\/tr>\n
Property age<\/td>\nNewer developments, include several residential projects in recent years.<\/td>\nA combination of older and newer properties.<\/td>\n<\/tr>\n
Housing societies<\/td>\nThere are numerous premium and midrange societies.<\/td>\nA diverse assortment of housing societies, including a significant number of high-rise and luxury complexes.<\/td>\n<\/tr>\n
Property supply<\/td>\nA steady supply of new residential projects, with an emphasis on modern amenities.<\/td>\nThere is a high supply of both new and old residences, with options ranging from luxurious to economical.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Affordability<\/span><\/h3>\n

Goregaon East often has slightly higher property prices than Goregaon West. It features contemporary projects that appeal to middle-class consumers looking for modern amenities. Goregaon West, on the other hand, is a much more developed neighborhood, with a higher concentration of older resale properties inside a well-established social and economic ecology. The average property price in Goregaon East is Rs 32,000 per square foot, while in Goregaon West it is Rs 29,350.<\/p>\n

Here is a price range for various configurations of properties in Goregaon West & Goregaon East.<\/p>\n

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Goregaon West vs. Goregaon East: 2 BHK Prices<\/u><\/strong><\/p>\n

2BHK sale flats in Goregaon west- Rs 1.6 crores to Rs 2.7 crores<\/p>\n

2BHK sale flats in Goregaon east- Rs 1.2 corers to Rs 2.68 crores<\/p>\n

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Goregaon West vs. Goregaon East: 3 BHK Prices<\/u><\/strong><\/p>\n

3BHK sale flats in Goregaon west- Rs 2.67 crores to Rs 4.12 crores<\/p>\n

3BHK sale flats in Goregaon east- Rs 2.8 crores to Rs 6.86 crores<\/p>\n

Disclaimer:<\/strong> The above pricing trends & average property prices are based on navimumbaihouses<\/a> listings from August 2024.<\/p>\n

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