The real estate market in Mumbai has rarely ever seen a downfall, even during economically difficult times. With thousands of people coming to the city every day in search of better employment and better life, the never-ending boom of the property market is a natural outcome. To meet the dwelling needs of the ever-increasing population of Mumbai, real estate developers have launched countless new projects in the newly expanded areas of the city.
Additionally, several new projects are also coming up in already well-established localities of the city, such as Andheri. Bhavani Nagar is one such locality situated in the Marol area of Andheri East, a famous western suburb in Mumbai. Over the past several years, the locality has witnessed a significant increase in the demand for residential property, especially among working professionals.
Bhavani Nagar has become the hub of multi-story residential apartments situated in a generally peaceful neighbourhood. A majority of these apartments are 2 BHK, although some projects also offer 1,3, & 4 BHK apartments to interested investors. The locality is situated in close proximity to major civic facilities and amenities, and this enhances the convenience for working professionals. Some prominent residential projects under development in the Bhavani Nagar area include Sheth Vasant Oasis, Pride Park Royale, and Kanakia Rainforest.
Bhavani Nagar is one of the most affordable localities in Andheri East, which attracts investors in large numbers. Nearly 25% of the properties available for sale in the area are priced between ₹1Cr - ₹1.2Cr, while another 25% of properties available for sale are priced between ₹1.4Cr - ₹1.6Cr. More than 63% of the properties available for sale include 2 BHK apartments making them the most popular choice. There are no independent houses or villas in the Bhavani Nagar area, and all the projects are multi-story apartment complexes.
Bhavani Nagar is situated in the Marol area of Andheri East and hence offers excellent connectivity with almost every other suburb of Mumbai. The locality is situated only 3km away from the Mumbai International Airport, which can be easily accessed by road and metro. The area is well connected to different parts of Mumbai through Andheri-Kurla Road, Jogeshwari-Vikhroli Link Road (JVLR), and Saki Vihar Road. Additionally, the Mumbai Metro makes the commute to Andheri (western line) and Ghatkopar (central line) railway stations much easier and more convenient for commuters from where they can move on to other western and eastern suburbs, respectively. The opening of the Andheri-Dahisar Metro has further made travelling to the western suburbs of Mumbai easier and faster.
Bhavani Nagar has several well-known schools and educational institutions within a short distance. These include Narayana e-Techno School, Marol Education Academy, ICE College of Hotel Management, Tolani College of Commerce, and PD Hinduja College of Nursing. In addition, people can enjoy shopping in a relaxed and hassle-free manner at R City Mall, Phoenix Marketcity, and R Odeon Mall. The area also houses some highly renowned healthcare centres, including Dr LH Hiranandani Hospital, Holy Spirit Hospital, Shakuntala Memorial Hospital, and Seven Hills Hospital. For recreational and sports activities, people can join the Matoshri Arts and Sports Trust, which is a well-known landmark in the area.
What makes Bhavani Nagar a great place to invest in residential property for working professionals is its proximity to various employment hubs. The locality is within a very short distance from important commercial centres like MIDC and SEEPZ SEZ. It is also within a 5-10 km radius of Veera Desai Industrial Estate, Nirlon Knowledge Park, Lotus Corporate Park, NESCO IT Park, Kensington SEZ, and the newly constructed Oshiwara District Centre. Other prominent commercial hubs like Bandra Kurla Complex, Mindspace Malad, and Infinity IT Park are located within a 13 km range of the locality and are well connected by road and train, and metro.
Bhavani Nagar has become the hub of residential real estate development offered at reasonable prices. Being situated in the well-developed suburb of Andheri East, people investing in property in this area can be assured of good returns along with the easy availability of various facilities and amenities essential for living a comfortable life.
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