Andheri West has been considered as one of the most posh areas in Mumbai in recent years

Q: It is seen that Andheri West witnesses increasing demand in new properties.

Govinda,

15th July 2015

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Replies (7)

Hi Sudhir,
Can you tell which area will be the best for the end user in Navi Mumbai? Can you suggest some good projects and the builders? Also the current property rate of that locality?

Praveen Modi, Mumbai

24th July 2015

Comment

Hi Praveen,
New Panvel in Navi Mumbai is one such area, which is coming up fast and holds excellent future growth potential. The area is a new node being developed by the City and Industrial Development Corporation (CIDCO). I have seen that the New Panvel has been witnessing high property transaction only over the last 3-4 years due to its recent development.

Mansoor Bithal, Mumbai

29th July 2015

Right Mansoor,
Some of the key growth factors of New Panvel:- It lies strategically on the Mumbai-Pune Expressway and eastern side of Bangalore-Mumbai National Highway. This provides excellent connectivity between the area and the rest of the country.

Secondly, the areas has good connectivity via road and rail. The upcoming Navi Mumbai metro in Panvel will provide metro connectivity to the area.

Amreesh Murugan,

29th July 2015

Hi Dhiraj,
Focused development of the area as a residential area, leading to good growth in civic and social infrastructure. Andheri West has close proximity to posh localities like Bandra, Khar and Juhu. The availability of all nearby social amenities update the luxury part of the area.

It has excellent connectivity to all the major areas of Mumbai via road and rail. The connectivity and traffic conditions have improved in the recent past due to the new metro line and Sahar Elevated Road in proximity to the area. A few more infrastructure projects are in pipeline.

Abhijit Thanki, Mumbai

17th July 2015

Comment

Hi Kaushik,
Some of the key growth factors which helped the demand of residential property in Andheri West are 1) Focused development of the area as a residential area, leading to good growth in civic and social infrastructure, 2) Proximity to posh localities such as Bandra, Khar and Juhu. The availability of all upscale social amenities improve the demand the area.

Dhiraj,

17th July 2015

Comment

Apart from that it has proximity to important business hubs such as Bandra Kurla Complex (BKC) and SEEPZ SEZ. Also proximity to the Mumbai International Airport as well as Juhu beach. Excellent connectivity to all the major areas of Mumbai via road and rail. The connectivity and traffic conditions have improved in the recent past due to the new metro line and Sahar Elevated Road in proximity to the area. A few more infrastructure projects are in pipeline.

Anuradha Jain, Noida

18th July 2015

Hi, Myself Sudhir Tambe, Staying at goregaon east , i am into the business of real estate. alreday done n no of deals in oberoi woods and Oberoi exqusite and also working into new projects of oberoi, raheja, seth, db, Omkarand other builders. in case of any requirement for rentals, sales , puchase and investment advise, do contact me. Thanks Sudhir Tambe, Sun Properties 9892478680

Sudhir, Mumbai

16th July 2015

Comment

Hi Guys,
Can you tell me which are key drivers of growth that helped the demand of residential property in Andheri West? How is the connectivity of this locality?

Kaushik Bardia,

15th July 2015

Comment

Sudhir, Mumbai

16th July 2015

I closely saw the listing property in various property listing site and found that Andheri West offers a significant number of 2/3BHK units. Almost half of the available new units are 2BHK apartments, with 1/3 of the new units being 3BHK units in Andheri West. The remaining are 1BHK apartments.

Ravindra Singh,

15th July 2015

Comment

@Ravindra,
One may find a property in the area over a wide range of budget, starting from Rs 60 lakh (mid-segment) and going beyond Rs 2 crore (ultra-luxury segment). According to the CommonFloor data, the mid-segment, luxury and ultra-luxury segments offered properties in equal percentage. The weighted average price of new projects in the area was about Rs 19000/sq-ft during Q1, 2015.

Dhiraj,

15th July 2015

Hi Dhiraj,
I am planning to buy property in Andheri West. Can you name some good projects and its builder? Don't forget to mention its possession date.

Kaushik Bardia,

15th July 2015

Hi friend,
Some of the good projects are V Raheja Varuna by V Raheja Group and its possession in September,2016, Lashkaria Green Woods by Lashkaria Group possession in June-2015, Shreedham Splendour by Shreedham Group possession in December,2016, SD 69 SVP by SD Corporation Pvt. Ltd.
and its possession in June,2017.

Dhiraj,

15th July 2015

Sudhir, Mumbai

16th July 2015

Hi Govinda,
Seeing the real estate trend in Andheri West one can easily say that the demand of residential properties in peak. Several factors which have contributed to the area's growth as a posh area. The area serves more to the rich class population of the country. It offers a limited number of new residential properties in Andheri West, focused more towards the higher net worth individuals.

Ravindra Singh,

15th July 2015

Comment

Right Ravindra,
The area has witnessed an interesting trend of an increasing availability of residential units during the last 3 yrs, indicating an increased interest in properties here. Year 2014 witnessed almost an increase of 45% in the number of units being launched.

Diwakar Shetty,

15th July 2015