Check out Andheri East for luxury House

Good question Abhijit,
I think most of the people never think to buy property in Andheri East due to it's high price tag. According to a recent report by CommonFloor, almost 42% of the new apartments are available in the luxury segment with a price range of Rs 1.2-2 crore. About 33% of the units are available in the mid-segment with a price range of Rs 60 lakh-1.2 crore, and the remaining 25% are in the ultra-luxury segment with a budget of more than Rs 2 crore.

Thanks for the information,
I think you are working in Real Estate field? What is the weighted average price of newly launched projects in Andheri East? And what are the key growth factors of the locality?

No, not at all. I am also a common man like you and looking for property in Andheri East. So, i inquired a lot about this area as well as collect some recent useful article on it.

The weighted average price of the newly launched projects in the area is about Rs 14900/sq.ft. and the key growth factors are :- The first Mumbai Metro Line from Versova to Ghatkopar and Sahar Improved Road were opened last year. Both pass through Andheri East. This has improved connectivity to the area as well as the traffic conditions. Secondly, The area is closeness to luxurious areas such as Bandra and Khar, Mumbai International Airport, and business hubs such as Bandra Kurla Complex and SEEPZ SEZ is a huge driver for the realty market of Andheri East.