Is Andheri East is a good destination for property rent and purchase?

Q: Hi, How are the rentals and sales in Andheri East?

Ananya,

23rd March 2015

Buying property in Mumbai

real estate mumbai

civic issues

andheri east

best place to invest in mumbai

real estate trend in andheri west

andheri east residential market

andheri east rental market

real estate price trend in andheri east

civic issues in andheri east

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weighted average price

resale properties in andheri east

rental markets in andheri east

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Replies (20)

Hey all,
I wanted to know the weighted average price of Andheri East? Why it is suddenly dropped in first quarter of 2015? Is property price in Andheri East is lesser compared to those of Andheri West?

Sandeep Mhatre, Mumbai

5th May 2015

Comment

Gud Evening Sandeep,
The weighted average price in Andheri East is currently about Rs 14900/sq-ft. whereas the weighted average price witnessed an increase from Rs 13500-23900/sq-ft. during 2014, it suddenly dropped to Rs 14900/sq-ft, during the 1st qtr. of 2015. This shows that the consumption of units has decreased here due to high property prices, which brought to a fall in property prices. The major reason for the increase in property values in 2014 was the starting of Mumbai metro.

The property prices here are also lesser compared to those of Andheri West. This attracts people from middle-income groups and upper middle income groups.

Abhijit Thanki, Mumbai

5th May 2015

Thanks Abhijit,
I wanted to know the resale trend in Andheri East? As i usually buy property in resale options. Which are the most common units available in resale option here?

Sandeep Mhatre, Mumbai

5th May 2015

Okey....Sandeep,
Other than apartments, there are also a few houses and builder floor apartments are available for resale. The most common units available for sales 1/2BHK units followed by 3BHK units.

Arup rajan, Mumbai

6th May 2015

Gud Morning Friends,
I am looking for a good project in Andheri East for end use. Which are the major builders and their projects are developing in the Andheri East? What are the approximate size of 1/2 and 3BHK in the locality?

Deepti Baragur, Pune

2nd May 2015

Comment

Gud Morning Deepti,
The following are the major builders and their projects in Andheri East:- Crescent Group - Crescent Residency, Ashapura Options Pvt. Ltd.- Ashapura Options Palazzio, Oberoi Realty Ltd.- Oberoi Prisma, Lodha Group - Lodha Codename Supernova, Kanakia Space Pvt. Ltd.- Kanakia Rainforest etc.

there is maximum supply of 2 BHK units, followed by 1BHK and 3BHK units. Remarkably, there are also a few 4BHK units available in the area. The estimated built-up area of a 1BHK unit is about 550-860 sq.ft. while that of a 2BHK unit is about 660 -1340 sq.ft. The built-up area of a 3BHK unit is about 1245 –2000 sq.ft.

Praveen Modi, Mumbai

2nd May 2015

@Praveen,
Why the luxury and ultra-luxury properties are gaining popularity in Andheri East now-a-days? Even the real estate expert has kept their views in their articles.

Deepti Baragur, Pune

2nd May 2015

Well Deepti,
This is likely due to an increase in property prices in the area which is pushed by limited land availability combined with increasing demand and growing infrastructure. The Mumbai metro has also been one of the major drivers of increasing property prices in the locality.

Praveen Modi, Mumbai

2nd May 2015

Hey Everyone,
How was the real estate trend in Andheri East comparing to the last 2 years. As per the commonfloor data it is indicating that the number of units have decreased compared to the last 2 years data. What was the reason?

Shantanu Kumar, Mumbai

1st May 2015

Comment

Hi Shantanu,
Yes, the number of units have decreased by almost 27% from 2013-2014. The 1st qtr. of 2015 has seen only about 100 units launched by Lodha Group. There is also a slight demand-supply mismatch is Andheri East as most of the units launched serve to the luxury and ultra luxury. Whereas demand is higher for mid-segment properties.

Sankalp, Mumbai

1st May 2015

Hmm,
we should not forget that country's economy and Mumbai's real estate market over the last two years are equally responsible and has brought the developers to focus less on project launches and more on completion of their earlier launched projects.

Shantanu Kumar, Mumbai

1st May 2015

Well Ashish,
Andheri East serves more to the middle class and upper middle class in comparison to its western counterpart. This mainly appeals to the population working in nearby commercial and business organizations. The amenities available in the locality as well as the property prices too are according to the profile of this population.

Acme Group-Acme Boulevard, Sheth Creators-Vasant Oasis, Pride Group-Pride Park Royale, Oberoi Realty Ltd-Oberoi Prisma and Splendor, Kalptaru Ltd- Kalptaru Estate, Raheja Corporation-Raheja Vistas, Lodha Group-Lodha Eternis and Kanakia Space Pvt. Ltd-Kanakia Rainforest.

Lalit Verma, Mumbai

8th April 2015

Comment

Hi everybody,
How is the market outlook of Andheri East? Which categories of buyers are mostly active in the locality? Can you suggest some reputed developer and the best projects of Andheri East?

Ashish Bhoite, Mumbai

7th April 2015

Comment

There are some important deal happened in the locality. Like, Developer Omkar Realtors & Developers has tied up with Raheja Group to develop a luxury project in Mumbai. The residential plot is about 7.5 acre large, located on the Western Express Highway at Andheri, and is owned by Raheja Group as part of a slum-redevelopment scheme.

Deepankar Godbole, Mumbai

7th April 2015

Comment

Hi Lalit,
Yes, the new Mumbai Development Plan DP (2034) drafted by BMC has suggested granting an FSI of 8 i several parts of Mumbai. According to the plan highly crowded areas in suburb such as Andheri and Bandra where multiple modes of mass transport coverage will also have an FSI of 8.

Abhijit Thanki, Mumbai

6th April 2015

Comment

Hi,
It is reported that according to New Mumbai Develoemnt Plan drafted by BMC has suggested granting an FSI of 8 in several parts of Mumbai?

Lalit Verma, Mumbai

6th April 2015

Comment

Well Sandeep,
Yes, the road and traffic conditions are also bad in the area. The roads are majorly filled with sand and dust, mainly due to the metro rail work. Tar has eroded on several roads, generating irregular roads and potholes. There are also major bottlenecks in many roads in the area, Saki Naka junction being a classic example. There are several illegal encroachments on several roads including Saki Naka, Marol main road and Mahakali Caves Road. Now-a-days it is common practice in every city of the country.

Manisbapu, Mumbai

5th April 2015

Comment

Hi all,
I am planning to relocate in Andheri East. Can you tell me what are the civic issues faced by the people there? It is heard that there are drainage and solid waste management related issues in the locality?

Sandeep Mhatre, Mumbai

5th April 2015

Comment

Yes, the area is closer to slum pockets. Hence, it faces some civic issues. Some of the possible problems include interacting with behavioral problems of slum dwellers, poor garbage disposal and garbage related diseases. There are also reports of drainage and solid waste management related issues in the locality. Lack of street lighting along footpaths is also a issue in the locality.

Manisbapu, Mumbai

5th April 2015

Thanks for the truth Manish,
It is also reported that due to metro rail work, the roads are majorly filled with sand and dirt. Traffic condition is also bad in the area. Illegal encroachments on several roads including Saki Naka is also active in the locality. Is it true?

Sandeep Mhatre, Mumbai

5th April 2015

No, I think what i have mentioned is the regular problem of the locality. There are several illegal encroachments on several roads including Saki Naka, Marol main road and Mahakali Caves Road. So, people should not forget all those issues while buying property in that locality.

Anuskha Chandan, Mumbai

4th April 2015

Comment

Hi Anushkha,
I think you forgot to mention the lack of street lighting along footpaths in the locality.The road and traffic conditions are bad in the area. The roads are majorly filled with sand and dirt, primarily due to the metro rail work. Tar has eroded on several roads, creating uneven roads and potholes. There are also major bottlenecks in many roads in the area, Saki Naka junction being a classic example.

Dharmaja Patel, Mumbai

3rd April 2015

Comment

Hi everybody,
Now-a-days most the Tier-1 cities are facing these issues. As the Andheri East is closer to slum pockets. Hence, it faces some civic issues. Some of the potential problems include dealing with behavioural problems of slum dwellers, improper garbage disposal and garbage related diseases. There are also complains of drainage and solid waste management related issues in the locality.

Anuskha Chandan, Mumbai

2nd April 2015

Comment

Hi all,
I have gone through the above conversation and found that everybody has mentioned only the good things about the Andheri East but when you started living in the locality, you will find that there are so many issues like water, electricity, traffic jam, slum pocket issues, street lighting, solid waste, drainage etc. Am i right or wrong? So i would request the people of the locality that they should come forward and highlights some issues of the locality so that buyer will get alert before buying properties,

Manilal Patel, Mumbai

1st April 2015

Comment

Hello sir,
Andheri East witnesses a good demand for rental housing. This is mainly from people who work in the nearby industrial and business areas. The approximate rent in the area is about Rs 35-45/sq-ft.

Property rates in the area are 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.

Chintakpujara, Mumbai

27th March 2015

Comment

Hi everybody,
I am looking for a 2BHK for rent in Andheri East? How is the rental market of Andheri East? What is the approximate rent is going on in the locality? Whay the property rates in the Andheri East is seeing an upward trend?

Dharmaja Patel, Mumbai

26th March 2015

Comment

Hello Sir,
The property trends in Andheri East are a bit different from that of the western suburbs. The eastern zone serves more towards the middle class and the upper middle class which works in the nearby companies, and the western zone caters more to the rich class and high class individuals. This is mainly pushed by the kind of amenities and the property prices. While the property prices in Andheri West is about Rs 21000-30000/sq-ft., the property prices in Andheri East are about Rs 14000-18500/sq-ft.

Dev Patel, Mumbai

25th March 2015

Comment

Hey Dev,
However, with the latest development in infrastructure and connectivity attracting people from all section, leading to high growth in demand for property sales and rentals. Areas such as Chandivali, Marol, JB Nagar, Sakinaka and few others localities have developed well over time.

Bikram, Mumbai

1st May 2015

Hi all,
I am planning to buy a property in Andheri, Mumbai. Can anybody tell me the real estate trend in Andheri east? Which part of Andheri East is suitable for middle class buyers and which part is for rich class? What is the current property rate is going on in Andheri East/West?

Niyati Juthali, Mumbai

24th March 2015

Comment

Hi Niyati,
Chandivali In Mumbai is a good bet for both investor as well as end users, since it offers townships and has quality construction by reputed builders. It is also very close to the Sakinaka Metro Station.

Rakshit, Mumbai

1st May 2015

Hi Samrat,
The suburb has a 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.

Andheri has two metro railway stations in its proximity: one at WEH and one close to Azad Nagar. It 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.

Vinu S,

23rd March 2015

Comment

Thanks for the detailed information,
Is the proposed social infrastructure good enough for the investment or buying prospects? can you express some social amenities of the Andheri East?

Samrat,

23rd March 2015

Well Samrat,
Andheri East has a good social amenities with academic, healthcare, commercial and businesses. Most of the facilities in the Eastern Zone are similar to that of the Western Zone. In spite of that, while the Eastern Zone was developed more as an commercial zone, its Western counterpart was built more as a residential zone. Both the areas serve different kind of residents. Hence, the amenities vary accordingly. The Eastern Zone is also nearer to the slum pockets, which has also affected certain amenities in the areas.

Vinu S,

23rd March 2015

Hi Ananya,
Andheri was once just a regular western suburban. With time, the suburban areas grow into one of the most preferred western suburban areas for rent and purchase in Mumbai. The suburban area is separated into western and southern areas just like other suburban areas. While Andheri East has not obtained as much reputation in the past as its western areas, it is off delayed, gaining a good interest by residence hunters.

Vinu S,

23rd March 2015

Comment

Hi Vinu,
Can you express the suburb connectivity to other parts of Mumbai and other cities? Which are the major highway and railway station passing through the locality? How far is Bandra Kurla Complex from the Andheri East?

Samrat,

23rd March 2015

Hi Samrat,
Andheri East shares a great connectivity to either sides of Mumbai (Western & Central).
WEH & Eastern Express Highway, both are within 1-3 KM distance (depending upon where exactly in Andheri)
It has 2 Metro Stns within 1KM distance, which connects Andheri Railway stn(western rail) & Ghatkoper Stn(central).
Bandra Kurla Complex can be accessed via two road, 1. WEH or through, Sakinaka-Kurla.
Distance is approax 7-8 KM.

Rahul, Mumbai

24th March 2015