Goregaon is a famous Mumbai suburb that has evolved into the residential and commercial centre of the Mumbai suburban region. This well-known Mumbai neighbourhood, which is bordered on the west by the Arabian Sea and on the east by the Sanjay Gandhi National Park, is home to some of the city’s most prestigious residential and commercial complexes. As a result, it is one of the most sought-after residential and commercial areas in the Mumbai metropolitan area.
Goregaon has experienced tremendous urbanisation in the previous decade, transforming it into a well-developed residential property in Goregaon. Furthermore, for those seeking a home in the city, Goregaon west flats could be an excellent choice.
These areas have also been a godsend to individuals looking for low-cost housing. The New Residential Projects in Goregaon has aided the location to meet people’s needs; hence, you can grasp the level of growth that the suburb has taken notice of. There are numerous other reasons why Goregaon has risen to prominence. This is a great place for first-time homebuyers and investors. Here are a few mentions:
1. Excellent Return On Investment
When someone invests their money in real estate, they normally expect a substantial return on their investment. Residential Projects in Goregaon have provided some of the finest investment returns in recent years. Despite the bad state of the economy this year, Goregaon has shown incredible growth. Property prices in Goregaon east have increased by 8% this year, according to investors.
Goregaon is the go-to-market if you want to invest in real estate in Mumbai because it has one-of-a-kind premium and elegant residential complexes as well as significant property appreciation potential. As a result, Goregaon is an essential place to invest in and provide value to investors’ investments. Moreover, It’s also one of the most popular places to buy a residential property in Goregaon.
2. Presence Of Corporate Heavyweights
Goregaon East’s commercial real estate is boosted by the region’s connectivity and high-quality infrastructure. Many major corporations have established operations in Goregaon East, including IBM, Abbott, and Aegon Religare Life Insurance. It attracts a large number of working people, driving up home prices in Goregaon east.
They offer a large professional network that will connect you to the finest residential real estate in the area. Furthermore, their comprehensive guidance and in-depth market expertise can assist you in locating the ideal residential property in Goregaon and adjacent areas.
3. A Hybrid Marketplace
Goregaon has become popular for both residential and commercial real estate projects at this time, making the real estate market in Goregaon a hybrid market. A hybrid market has the advantage of attracting both business and residential investors who want to put their money in the suburb. The existence of the film city is another major draw for visitors to Goregaon.
The new residential projects in Goregaon are benefiting from the famous Film City nearby, as well as the expanding business development in Goregaon and Andheri. With customers combining their finances with lifestyle aspirations, western suburbs like Goregaon appear to be the appropriate option, making it one of the most ‘desired’ choices for homebuyers in the congested western suburbs. These distinguishing characteristics will secure profitable returns overall.
4. A Perfect Location – Connectivity, Accessibility & Social Infrastructure
Goregaon is increasingly establishing itself as a high-end destination at a premium locale. With numerous noteworthy movie studios like Film City, Filmistan, and others in the neighbourhood, Goregaon’s recent development as a luxury destination hasn’t lost its classic charm. The Sanjay Gandhi National Park is bordered by this region, which is rich in vegetation and animals. When the Mumbai Metro network reaches the neighbourhood, the area’s appeal will be enhanced by accessibility to surrounding areas such as Aarey Milk Colony, Andheri, Malad Creek, BMC Road, etc.
In recent years, the area has established itself as one of Mumbai’s most desirable locations. residential projects in Goregaon are relatively close to and well connected to Mumbai’s major commercial zones, such as Andheri, Bandra, BKC, and others. The Aarey colony’s greenery also surrounds the neighbourhood. Families will benefit from purchasing apartments in Goregaon West. This area provides people with inexpensive and luxurious residential properties in Goregaon, as well as shopping malls, entertainment hubs, educational institutions, and small businesses.
Goregaon has one of the best social infrastructures in the region, with a variety of schools, large hospitals, recreational attractions, and proximity to a variety of banks and ATMs. Goregaon is commonly referred to as the “market of malls” because of the abundance of retail centres in the area.
5. A Happy Work-Life Balance
When your workplace and home are both nearby, work-life balance takes on a whole new meaning. Goregaon is home to large corporate centres and multinational corporations, drawing in professionals from all over the world.
Commerz I, India’s first mixed-use skyscraper, and Commerz II, a LEED-certified 30-story commercial tower, are home to well-known companies such as Hewlett Packard, Verizon, GSK, We Work, Fractal Analytics, and Samsung Electronics. Both of these developments are part of Oberoi Garden City’s integrated development, which includes upscale offices, a 5-star hotel, restaurants, and other business spaces.
The commercial value of these developments is enhanced by their closeness to local and international airports, as well as their accessibility to business centers.
6. Amidst Nature’s Harmony
Finding an environmentally balanced residential location in Mumbai is difficult, but new residential pojects in Goregaon are fortunate to have plenty of greenery. Aarey Milk Colony’s green belt and its proximity to Borivali’s Sanjay Gandhi National Park lend this place a sense of tranquilly. For example, in Exquisite and Esquire at Oberoi Garden City, one can live in perfect harmony with nature.
7. Higher Rental Income Potential
Residential property in Goregaon is becoming a very popular location for homebuyers, thanks to its good social and physical infrastructure, as well as a number of healthcare centres such as Lifeline Medicare Hospital and Gokuldham Medical Centre, as well as well-known schools such as Ryan College of Engineering and Management and Whistling Woods International Institute.
In recent years, Malad, Andheri, and Bandra have evolved into commercial and business hubs, with numerous corporations establishing their headquarters in these neighbourhoods. In Goregaon west, property prices typically vary from Rs 18,000 to Rs 30,000 per sq foot. As a result, many people have invested in Goregaon West houses in order to make a profitable rental income.
Conclusion: Final Thoughts!
To sum it up, residential property in Goregaon has experienced steady growth in consumerism, employment, and infrastructure development. This area’s real estate developments also promise a good mix of comfort and convenience. All of these characteristics combine to create the ideal environment for a holistic living experience in which people would meet all of their lifestyle goals.
