Andheri East- A Good Destination for Property Purchase and Rent
Andheri was once just a normal western suburb. But with time, the region is touted to be one of the most sought-after western suburb for rent and purchase in Mumbai. The region is divided into western and eastern zones similar to other suburbs in the city. Of late, Andheri East has gained immense popularity, similar to its western counterpart, by property seekers.
Connectivity and Transit Points
Andheri East has great connectivity to other parts of Mumbai and other cities. The major highway passing through the locality is the Western Express Highway (WEH), which is part of NH-8 and the Delhi-Mumbai Industrial Corridor (DMIC). It is also close to the Sion-Panvel Expressway which connects Mumbai to Bangalore. Other important arterial roads in the proximity of the locality include the Airport Link Road, the newly built Sahar Elevated Road and JVLR. Andheri railway station is an important railway station on the western line of Mumbai suburban railway.
Andheri has two metro railway stations in its proximity: one at WEH and one close to Azad Nagar. There is one more metro station planned at SEEPZ. Both the domestic and the international terminals of the Mumbai International Airport are close to Andheri.
Apart from a great connectivity to other localities and cities, Andheri East also has close proximity to several business and industrial parks. SEEPZ is just about 1.5 km away while Bandra Kurla Complex (BKC) is just about 7.5 km away.
Amenities
Andheri East has good social infrastructure with educational, healthcare, commercial and business establishments. Most of the amenities in the eastern zone are very much similar to that of the western zone. However, while the eastern zone was developed more as an industrial area, its western counterpart was built more as a residential area. Both the zones cater to different kind of residents. Hence, the amenities differ accordingly. The eastern zone is also closer to the slum pockets, which has also affected certain amenities in the area.
Real estate prices and trends
The property trends in Andheri East are a bit different from that of the western suburb. The eastern zone caters more towards the middle class and the upper middle class who work in the nearby establishments, and the western zone caters more to the rich class and high networth individuals (HNIs). This is mainly driven by the kind of amenities and the property prices. While the property prices in Andheri West is about Rs 21,000-30,000 per sq. ft., the property prices in Andheri East are about Rs 14,000-18,500 per sq. ft.
Andheri East offers more 1 and 2 BHK apartments with a small number of 3BHK apartments. These apartments include both new and resale properties. The built area of a 1BHK apartment is about 500-650 sq. ft., while that of a 2BHK apartment is about 800-1,200 sq. ft. The approximate built area of a 3BHK apartment is about 1,100-1,400 sq. ft.
Apart from property purchases, Andheri East witnesses a good demand for rental housing. This is manly from people who work in the nearby industrial and business areas. The approximate rent in the area is about Rs 35-45 per sq. ft.
Property rates in the area are now seeing an upward trend due to the operational and upcoming metro, infrastructure upgrades and plans of rehabilitating some of the slums. Hence, if you want to live close to the posh suburbs of Mumbai as well as the key business areas at a much lower cost, Andheri East offers a good option.
