Homebuyers in Mumbai have many alternatives these days, but several areas have remained popular throughout the years. Andheri West is one such micro-market. Properties for sale in Andheri West Mumbai have seen tremendous growth in the last 2 to 3 years, and this area is popular with both families and corporate workers due to its social infrastructure and connection.
Andheri West has superior physical and municipal facilities as compared to other regions in Mumbai, and it is rapidly developing into a major business centre. Several IT parks, as well as numerous business organisations, are being built here. Andheri West will also see the construction of various commercial centres.
Real Estate Scenario:
The metro train network, railway network, and main roadways provide excellent access to various significant destinations in Mumbai. Property prices in Andheri West typically vary from Rs. 12,430 and Rs. 30,590 per square foot. Some of the most compelling reasons for purchasers to choose houses in Andheri West include instant access to many large IT Parks and the proximity of numerous luxury retail malls.
This makes it appealing to both IT experts and families. The nearby Laxmi Industrial Estate, as well as Andheri Industrial Estate, are large business zones as well as key employment sources, which is another reason driving housing expansion here.
Several prestigious hospitals are conveniently accessible from Andheri West. The metro and train networks are conveniently accessible, and several roadways connect to various regions of the city. The nearest train station is only 5 km apart, and the Western Express Highway (WEH) can be reached within a 4-kilometre radius. The project is somewhere around 11 kilometres near Mumbai International Airport.
Price Structure:
Apartments in Andheri West are offered in 1, 2, 3, and 4 BHK formats. Prices typically start at INR 1.15 crore for a 620 sq. ft. INR 2.10 crore for a 1080 sq. ft. 1 BHK flat Apartment with two bedrooms. 3 BHK and 4 BHK homes of roughly 1660 sq. ft. and 2430 sq. ft., respectively, typically cost approximately INR 3.80 crore and INR 6.50 crore. The neighbourhood is accessible to several restaurants, grocery stores, banks, and gas stations, among other social facilities.
Key Driving Points:
- Employment Hub –
Within 5-8 kilometres of the area, there are numerous significant job centres, namely NESCO IT Park, Nirlon Knowledge Park, Mindspace Malad, as well as Lotus Corporate Park. Furthermore, the Bandra Kurla Complex job centre is well-connected and is around 10-15 kilometres from Andheri West.
- Connectivity –
The area is well-connected through Link Road, SV Road, Western Express Highway, Andheri Railway Station, and BEST Bus Network. Which also has east-west metro access through Line 1, which connects Versova, Andheri, and Ghatkopar. Furthermore, the currently under development Line 2 (Dahisar – Mandale) would provide metro connection to the districts to its north and east.
- Social Infrastructure –
Andheri West is home to several schools, colleges, hospitals, market complexes, malls, and eateries. Because of its proximity to the film district and South Mumbai, the neighbourhood is popular with TV and Bollywood celebrities.
Covid-19 has only increased the need for mixed-use complexes and self-sustaining micro-markets with a variety of asset categories such as offices, retail, apartments, hotel, healthcare, schooling, and so on.
Andheri West is one of Mumbai’s top micro-markets, offering all of the aforementioned to not just house purchasers but also office commuters. To summarise, flats for sale in Andheri West is one of the most appealing real estate investment areas for long-term investors due to its excellent current and incoming infrastructure, substantial housing demand, considerable presence of high-end Retailer brands in Malls and High-Streets, and increasing office market.
