Andheri has been a pretty coveted neighbourhood in the Mumbai suburbs. It took inspiration for its name from Udayanagari, a mountain close to the Mahakali caves. A railway line splits up Andheri into two sections - East and West. Over the years, Andheri has become an emerging real estate destination with ongoing commercial and residential demand. Andheri East and Andheri West have very distinct real estate profiles owing to numerous factors such as construction types, pricing patterns, and real estate requirements.
Andheri West has grown as a residential hotspot along with some commercial development, making it one of the most in-demand areas in Mumbai. It is a high-end property district with posh neighbourhoods such as Versova and Lokhandwala. Andheri's extraordinary location deems it a valuable real estate proposition and the backbone of Mumbai suburbs.
Here are a few reasons why residential investment in Andheri is lucrative
1. Customisable land with a lot of open space
Andheri West is characterised by huge plots, open areas, and recreational spaces and is believed to have Mumbai's largest buildable space, as per real estate experts.
2. Incomparable connectivity
Due to its central location, Andheri is well connected to the rest of the city. The Western Express Highway (WEH), Andheri-Kurla Road, Jogeshwari-Vikhroli Link Road (JVLR) and SV Road are all key routes in the city. Andheri West is connected via the metro line, Western Line and Harbour Line to other areas of Mumbai. It is within optimal proximity to Chhatrapati Shivaji Mumbai International Airport.
3. Promising existing and upcoming infrastructure
The current Metro corridor that connects Versova to Ghatkopar has been a blessing to this mounting western neighbourhood. One can easily reach the critical suburbs of Thane, Kurla, Bhandup, Mulund, and Chembur. The recently inaugurated Metro line 7 from Andheri to Dahisar and other infrastructure developments underway, such as Metro Corridor – 3 (Colaba-Bandra-SEEPZ) and the Versova-Bandra Sealink, will further enhance the connectivity to suburbs such as Bandra, Malad, Bandra-Kurla Complex (BKC), and Borivali, along with south Mumbai neighbourhoods such as Worli, Cuff Parade and Colaba.
4. Booming job opportunities and robust social infrastructure
To start with, Andheri was relatively inaccessible and not viable from a residential or commercial point of view because of the traffic congestion. Now, after the introduction of the metro rail and the Bandra-Worli Sea Link, Andheri is easily accessible. This has resulted in its transformation into a residential space and a dynamic business centre. It has some of the best social infrastructure, such as hospitals, theatres, malls, prestigious schools and colleges and other attractions. Since it is an upmarket area because its healthcare facilities, entertainment centres, and fine-dine restaurants are amongst the best in the city.
5. Production and media hub of the city
Andheri West has the city's best production houses, such as Yash Raj films, Red Chillies Entertainment, Balaji Telefilms etc., making it a popular residential choice for professionals in the film and television industry. Andheri is the centre of the entertainment industry, and thus many people who are part of this industry prefer living here over Bandra and South Mumbai. The excellent connectivity, luxury neighbourhood and high quality of life have further fuelled Andheri's real-estate demand.
6. More property options
Elegant apartments in leading residential complexes overlooking the beach and offering contemporary amenities such as green spaces, swimming pools, department stores, sports centres etc., are becoming highly popular. One can find everything from a small 1 BHK layout to larger 3- 4 BHK homes. The region offers diverse property types to suit everyone's requirements and budget.
7. Higher investment returns and relatively affordable properties
Andheri's property values are always on the rise because of the constantly developing infrastructural projects, existing solid set-ups, social facilities, great accessibility and connectivity and commercial projects. This is why there is a huge underlying demand for renting premises, ensuring investors with rental yields and return on capital.
To conclude, Andheri West boasts amazing connectivity, public transport and robust and developed social and public infrastructure. All these characteristics have resulted in Andheri's emergence as the apt location for residential real estate where one can enjoy a good quality of life. Historically, prices have been rising, and experts expect this trend to continue. With a home buying platform like blox.xyz by your side, we will ensure that you make the right decision through expert guidance and constant industry insights.
