Realty Overview – Andheri East (2015): A CommonFloor Report
Andheri, a western suburb in Mumbai, has metamorphosed over the last several years to become one of the most sought-after regions in the city. It has transformed into being one of the posh regions in the financial capital, largely in demand by Bollywood stars and TV personalities and other high net worth individuals. The suburb is essentially divided into East and West regions. The following report tries to identify the various factors that led to the realty growth in Andheri East. Until recently, the eastern zone hadn’t seen much realty growth in comparison to its western counterpart. However, a slew of initiatives to boost infrastructure in the area has slowly started putting the area on equal footing with its western counterpart.
“As part of ‘Real Insights’ into real estate, commonfloor.com has come up with a detailed report on Andheri East real estate market – one of the key micro-markets in Mumbai – with in-depth analysis based on CommonFloor data.
Further, the report identifies the present real estate market scenario in terms of housing sale and rent, the key real estate trends, the top builders and projects available, the civic issues, the opportunities available for area’s future growth, amongst others. To summarize, Andheri East is currently on a realty growth track. The area does not offer affordable housing as such and is increasingly becoming popular among the higher income group for both purchase and rent. Considering the planned infrastructure initiatives and the increasing demand for housing, one can expect a considerable growth in the area’s real estate market in the near future.
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