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Goregaon – Making Way For New Residential Opportunities

Author: Derrick Corea
by Derrick Corea
Posted: May 26, 2017

With newer opportunities for growth and development continuing to rise in Mumbai, the financial capital of the country, real estate is rapidly expanding as well. Commercial and residential properties have expanded from South Mumbai to the central and western suburbs, owing to expansion and migration.

Amidst the western suburbs in Mumbai, Goregaon is fast emerging as a lucrative and high-investment zone for real estate. Some of the prominent developers have tapped on the growing demand for residential investment, and have invested in several residential projects in Goregaon.

Initially, residential property in Goregaon was restricted to a select few areas, which included places like Jawahar Nagar, Shastri Nagar and Bangur Nagar. But over the last few years, there has been rapid developments in both eastern and western parts of Goregaon.

The emergence of the Western Express Highway is one of the main reasons to have contributed to this factor. It has eased traffic woes for many commuters and has reduced travel time considerably.

The Mumbai Metro project and the upcoming Line 2 has made train commuting easy, giving more reasons for people to shift to the western suburbs, particularly Goregaon.

Property prices in Goregaon have seen a huge rise in the last few years. While the average approximate price was INR. 6700 per square feet in 2008, they have now been approximately priced at INR. 16300 per square feet in 2017. The stupendous rise in the last nine years is a noteworthy fact, which unveils the growth the area has seen. It is expected that property prices in Goregaon will reach approximately INR. 20000 per square feet in the years to come.

Goregaon is home to some of the biggest hospitals, schools, colleges, and boasts of a vibrant nightlife. Several shopping malls have been constructed in the vicinity that give residents a wide array of options for entertainment. A shopper’s paradise and a number of multiplexes also give residents an option to reside here. It is also well connected from popular places like Bandra and Andheri, making it popular amongst residents.

Residential property in Goregaon range from affordable homes to premium properties, catering to different income groups. These properties provide residents with magnificent views of Mumbai’s scenic landscapes and are equipped with some of the finest amenities.

Omkar Ananta is one of the new residential projects in Goregaon being developed by Omkar Realtors & Developers. Designed to promote wellness and located amidst greenery, with its close proximity to the Aarey Colony and Sanjay Gandhi National Park, their apartments provide residents with some of the finest amenities and luxuries to choose from.

With new infrastructure developing around Goregaon and the number of people migrating to Mumbai for employment being on the rise, Goregaon is seeing a large number of residential properties.

With industrial centres such as the Bandra-Kurla Complex, Seepz and prominent IT Parks a few metres away, Goregaon continues to make way for new residential opportunities. At the same time, developers are leaving no stone unturned to cash in on the growing residential market in Goregaon that promises high returns.

About the Author

Name: Derrick Corea I'm an experienced content writer with blogging experience of around 10 yrs. I have worked with some of the finest Pbn's.

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Author: Derrick Corea

Derrick Corea

Member since: Mar 28, 2017
Published articles: 10

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