1 BHK the most sought after in Marol

Q: It seems that 1 BHK properties are high in demand in Marol in Andheri East.

Ashish Bhoite, Mumbai

26th February 2014

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Replies (3)

Yeah Moreover Marol also boasts of well equipped social infrastructure. There are many schools and hospitals in the locality. Apart from this, the area also has enough facilities for the foodies which is why the area is so much in demand for 1 BHK.

Vinay Dixit, Mumbai

26th February 2014

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Hi,
Another reason for this huge demand for 1 BHK flat is the presence of many IT and ITES in and around the region like Marol, Seepz and MIDC. So many employees working in various companies at mid level designations are getting attracted to these budget flats which in turn is making the demand for 1 BHK push up.

Shrikant Kejriwal, Mumbai

26th February 2014

Comment

Hi Shrikant,
Marol is well-connected to other parts of Mumbai. The area is just 7-kms away from the Western Express Highway which makes it accessible to other parts of Mumbai and the airport. It is at a distance of 5-kms from the Chhatrapati Shivaji International Airport and the railway station of Ghatkoper and Andheri.

Arup rajan, Mumbai

26th February 2014

Hey Ashish,
The main reason for such huge demand being low maintenance and low budget are driving many home buyers to look for 1 BHK unit in Marol. This is generally preferred by mid income society of people. This has certainly pushed the demand and supply `for 1 BHK in this locality.

Abhijit Thanki, Mumbai

26th February 2014

Comment

Yeah Abhijit,
I wholly agree with you with this point. It seems that the demand for 1 BHK flat in Marol stood at 46% as against the supply which was 41%. The data also reveals that the current property rates in the area range from Rs 13,000-16,000 per sq ft.

Abhishke Karule, Mumbai

26th February 2014