Is It a Good Idea to Buy a 2BHK Apartment in Goregaon

Goregaon has been growing as a real estate investment destination as developers continue to eye the advantages of this suburban area. Once a sparsely populated area, Goregaon has now turned into a property hotspot with residential localities springing up in different parts. This suburb not only enjoys good infrastructure, but is also well-connected to prime areas of Mumbai.

As the Bandra-Andheri-Powai belt is becoming unaffordable for many, home buyers are looking for options in Goregaon’s realty market. Maximum demand is for 2 BHK apartments in Goregaon, laced with quality amenities. Compared to the prime areas of Mumbai, property rates are still affordable for many buyers in this region.

In order to cater to the demand for 2BHK units, many developers have launched residential projects in this area. They are not only constructing small housing complexes but also developing large townships comprising of luxury flats. To lure investors, many real estate companies are either offering world-class amenities or tying up with international brands to offer unique interiors and exteriors.

The reason why Goregaon has gained popularity is because it is well connected to different parts of Mumbai through the Western Express Highway, Jogeshwari Vikhroli Link Road and Link Road. This suburb is also located between Borivali and Andheri which makes it the centre of two important locations in Mumbai. Not just connectivity and location, but social infrastructure growth, including construction of malls, multiplexes and other entertainment avenues has helped boost the real estate market, especially the demand for 2BHK apartments in Goregaon.

Goregaon is divided into Goregaon East and Goregaon west. The western part of Goregaon has gained popularity as far as property investment is concerned. It is strategically located and also close to Goregaon and Malad. It has turned into a posh location, preferred by wealthy property buyers.

Luxury 2 and 3 BHK flats in Goregaon West are always in high demand, especially from upper middle class and wealthy buyers. This part of Goregaon is an attractive option for anyone looking for a stylish home with beautiful landscape that is located in close proximity to Andheri and other prime areas of Mumbai.

This emerging, upscale residential and commercial property destination has flats available at 15,000 to 18,000 INR per square feet. This is the rate for flats spread in 2000 to 3000 square feet. Compared to the rates of same size apartments in South Mumbai (30,000 to 50,000 INR per square feet), Goregaon West properties are quite affordable. Since property rates are extremely high in South Mumbai, many buyers are flocking to Goregaon for affordable options.

Whether you buy a 2BHK or a 3 BHK flat in Goregaon West, you will be in close proximity to Jogeshwari-Vikhroli Link Road. Even the Goregaon Railway station isn’t far away from the western part. Today, Goregaon has turned into a noticeable suburban area of Mumbai. It has become a prime area for not only property buyers, but also for retail outlets and commercial establishments.

Summary

Developers are launching several residential projects in Goregaon East and West. You can invest in 2BHK apartments in Goregaon or 3 BHK flats in Goregaon West at affordable rates.