Mumbai Andheri East- If you are thinking about purchasing a one-bedroom flat in Mumbai, you ought to give Andheri East some thought. The neighbourhood provides a nice mix of facilities and affordability. It is also a top pick for professionals due to its proximity to major employment hubs, recreational avenues, & commercial zones. This blog explores why Andheri East has become a viable investment destination.
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In comparison to its western counterpart, Andheri West, this locality is especially appealing to mid-income professionals looking for connectivity to major industrial hubs like the Santa Cruz Special Economic Zone (SEEPZ), Chakala Industrial Area, as well as the Marol Industrial Estate. Andheri East is a prominent suburb located in the heart of the Mumbai Metropolitan Region (MMR) and is a part of the Mumbai-Andheri-Dahisar property market. This blog compiles:
Why should you choose Andheri East for a 1BHK flat?
Let’s examine the reasons behind buyers’ and investors’ searches for Andheri East single-family homes for sale. Based on available data, the most popular flat type in Andheri East is 1 BHK. More than 80% of visitors have looked for an Andheri East one-bedroom flat. The following are some additional important elements that contribute to Andheri East’s appeal as an MMR investment hotspot:
Strategic location in Mumbai
Andheri, one of the most important suburbs of Mumbai, is split into East and West. Because of its reasonably priced residences and close proximity to business zones like Lower Parel, Santacruz Electronic Export Processing Zone (SEEPZ), Bandra Kurla Complex (BKC), and Maharashtra Industrial Development Corporation (MIDC), Andheri East in particular draws both residents and investors. Because of this, many who choose to live close to major commercial districts favour Andheri East’s mid-range real estate.
Proximity to key amenities & infrastructure
Aside from the Western Express Highway, Andheri East is well-served by a number of important routes, including as the Jogeshwari–Vikhroli Link Road and the Andheri-Kurla Road. It is only three km to the Chhatrapati Shivaji Maharaj International Airport (CIA). Furthermore, smooth communication throughout Mumbai is offered by the Andheri East Metro Station and the Andheri Railway Station.
Below are a few of the main social infrastructures in the vicinity of Andheri East:
| Social amenities in and around Andheri East | |||
| Commercial areas | Educational institutions | Hospitals | Recreational options |
| Bandra Kurla Complex | Bombay Cambridge International School | Medicare Hospital | Juhu Beach |
| SEEPZ | St Arnolds High School | Criticare Asia Hospital | Jogeshwari Caves |
| Powai | ICAR-Central Institute of Fisheries Education | Sugun Hospital | Phoenix Marketcity Mall |
| Marol MIDC | Canossa High School | Holy Spirit Hospital | Star Market |
Andheri East market trends
Properties in Andheri East, an enclave catering to the middle and upper classes, typically fetch prices over one crore. The average cost per square foot is currently around Rs 27,450. In Andheri East, home values have increased by 10% in the last three years.
Current trends in real estate
Buyers and tenants in Andheri East are in constant demand. Andheri East offers 900 flats for sale. According to this site, the majority of this stock is valued between Rs 1.1 crore & Rs 2.6 crore.
Notable builders including Sunteck Realty, Mahindra Lifespaces, and Lodha Group have also recently launched new developments in the neighbourhood. Moreover, this need is anticipated to persist due to planned infrastructural investments.
Future possibilities and developments
The area features multiple infrastructural projects in various phases of development. Andheri East’s connectivity will be even better thanks to these developments. Residents’ access to transport will be greatly improved by the new Pink Line connecting Swami Samarth Nagar and Vikhroli, as well as the metro expansion from Andheri East to CSI Airport.
Additionally, Gokhale Bridge is an under-construction structure, which will increase the connectivity between Andheri East & Andheri West.
Andheri East’s property market
Tenants favour Andheri East because of its close proximity to a variety of office spaces, such as BKC, Nirlon Knowledge Park, and Nesco IT Park. One-bedroom apartments in particular are in great demand, with monthly prices ranging from Rs 28,000 to Rs 45,000.
- Rent for a 2 BHK in Andheri East: between Rs 50,000 and Rs 70,000
- Rent a 3 BHK in Andheri East for between Rs 81,000 and Rs 1.1 lakh.
According to research, some of the most sought-after societies for rentals in Andheri East include Green Fields CHS, Fine Aura, & Kabra Maheshwari Nagar.
Key factors to consider
Location & neighbourhood
At first, Andheri East was intended to be a centre for business. However, it has become a more sought-after area to live in recent decades. Andheri East is a preferred location for property purchases and rentals in the Mumbai Metropolitan Region (MMR) due to its convenient proximity to job hubs in SEEPZ, BKC, and MIDC.
Property pricing and affordability
Real estate experts say that Andheri East is a great choice for mid-segment and budget houses. Unlike Andheri West, which is home to Mumbai’s film and TV stars, Andheri East is a densely populated residential neighbourhood with plenty of 1 BHK and 2 BHK options in the Rs 1 crore – Rs 2 crore price range. It’s important to match your budget with the current market conditions to make a smart investment that fits your lifestyle.
Documentation and legal considerations
Verify that all legal paperwork is accurate and full at all times, especially for newly constructed properties. A property lawyer should be consulted before a deal is finalised.
More than 14 under-construction projects by Grade A & mid-sized builders are located in Andheri East. Research indicates that some of the most sought-after projects in the region are Mahindra Vicino, Lodha Eternis, and Veena Synergy.
Reputation and quality of builders
Selecting real estate built by respectable developers guarantees high-caliber building and a safe investment. Andheri East has always seen demand from mid-sized and grade A developers. Sunteck Realty, Lodha Group, & K Raheja Group are a few of the well-known builders in the region.
In conclusion, picking Andheri East for your one-bedroom flat in Mumbai is a smart move. The region is anticipated to maintain its strong property appreciation value due to its continuous infrastructure improvements. In Mumbai’s real estate market, Andheri East is probably going to continue to be a popular place to invest. However, prior to signing the acquisition agreement, investors and buyers should properly carry out their due diligence.
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