Why is Andheri east a lucrative option to buy property?

 Why is Andheri east a lucrative option to buy property?

One can expect considerable growth in the real estate market of East Andheri shortly, being backed by planned infrastructure, enhanced metro connectivity and growing demand for office spaces. The commercial sector is driving the demand for property in Andheri East Mumbai. It has become a sought-after choice for people who prefer to live closer to their workplaces. The presence of multiple reputed commercial hubs in and around the locality is also making Andheri East a popular working and residential destination.

Here are some reasons to look for flats for sale in Andheri East

Home to numerous housing options

Andheri, in North Mumbai, has grown as a sought-after housing destination in the city due to the presence of several gated communities, luxury apartments and commercial spaces. Also, the location offers excellent connectivity and social infrastructure, which have significantly contributed to its rapid growth.

The geographical division of Andheri

There is no denying that Andheri is one of the ideal places to live in Mumbai. Geologically, Andheri is separated into two parts – Andheri West and Andheri East. Andheri East has metamorphosed into a prime commercial hub while Andheri West is one of the city’s posh and oldest residential hubs.

Good connectivity with others

Andheri East connects better to the Western Express Highway as well as Mumbai International Airport. It facilitates access to other commercial hubs like Lower Parel, Bandra Kurla Complex, and eastern suburbs like Ghatkopar Powai, Vikhroli, Kanjurmarg, etc.

A key industrial destination

 This is due to the presence of MIDC and SEEPZ; it houses several contemporary office spaces and IT Parks, and old office buildings. Andheri has an all in all 10 million sq ft of excellent office space. Apart from IT/ITeS companies and BPOs, the location also caters to the BFSI sector. It is also home to some of the finest hotels for tourists and business travellers such as

  • ITC Grand Maratha, Leela,
  • The Lalit, Sahara Star
  • Hyatt Regency.

A lucrative option for investment

Considering the growing property prices and the remarkable rise in housing demand, Andheri East is definitely a good investment destination in the city. The reason is development and growth.

The Mumbai Metro railway line on one hand and the hassle-free connectivity to the airport on other hand.

Western Express Highway has completely changed the dynamics of the area.

The work of Dahisar East-Andheri East Metro is in full swing to be extended up to Vakola in the South and to Mira-Bhayander and Ghodbunder Road in the North.

Construction of an underground metro between Colaba and SEEPZ via Bandra Kurla Complex, too, is underway.

The Metro line running through Andheri between Versova and Ghatkopar has played a significant role in boosting real estate. This has resulted in a mammoth increase in the housing demand at nearby locations.

Varieties of properties are there in Andheri available for people to settle down like builders flat, 2Bhk flat, 3BHK flat, residential houses, villas, etc.

Benefits of buying flats for sale in Andheri East Mumbai from real estate dealers

  • No risk of the possession delay
  • Government authorisations in place,
  • Easy transfer of title
  • Hassle-free option for Home loan
  • No need for a tripartite agreement
  • Present social and physical infrastructure
  • Investor properties in metropolitan cities and distant places are readily available.

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