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Explained: Growing Popularity of 3 BHK Flats in Goregaon West Among Middle Class

Author
Blox Social
Posted on
Apr 23, 2023
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A look at Mumbai's settlement and growth history will give us a surprising and unique perspective on the development of some of its prominent neighbourhoods. SoBo or south Mumbai has been the traditional preference of the high-income segment, while industry workers have been those who have settled in neighbourhoods with a preponderance of factories and mills, such as Chembur, Panvel, and Malad. However, with the rise of technology, media, and the services industry, suburbs like Andheri and Bandra became the new favourites of those with high purchasing power and a desire to up their lifestyles.

Goregaon's Growing Clout

Goregaon has been a notable exception in this growth and development trend. It is one of the oldest residential settlements in the city, but with all the furious development in the neighbouring suburbs, Goregaon remained a quaint collection of colonies. However, the local and state administrations kept investing in the road and infrastructural development of both East and West Goregaon.

Over the past decade or so, however, with places like Dadar, Bandra, Andheri, and Parel becoming more expensive, developers have turned their attention to the green and beautiful suburb of Goregaon. Larger spaces, better air quality, excellent connectivity, better facilities and amenities, and excellent social infrastructure have all been on top of the list of priorities for the average home buyer.

What makes Goregaon West attractive?

  • The greatest advantage that Goregaon West as a whole has over other suburbs is the excellent connectivity it has to different parts of Mumbai. The Western Express Highway that runs along the eastern fringe of Goregaon West connects the neighbourhood with Dahisar, Borivali, Kandivali, and Malad in the north and Andheri, Vile Parle, and Bandra in the south. The Goregaon Suburban Railway Station plugs into the Harbour Line and offers quick connectivity to Chhatrapati Shivaji Maharaj Terminus, and Panvel is also located in Goregaon West. It also connects with the Western Line, making commuting to places like Bandra, Andheri, and Borivali easy. With most professionals and middle-class families looking for an easy commute, Goregaon West emerges as the perfect residential locality.
  • Social infrastructure plays a very important role in the decision-making involved in buying residential properties. On this count, Goregaon West wins hands down. It has better schools and medical facilities than many other parts of Mumbai. St. John's Universal School, Universal English High School Goregaon West, Mount Mary High School, Western Public School, Stellar World School, Narayana E Techno School, VIBGYOR High, and Jawahar Vidyalaya are among the best schools in the neighbourhood, while colleges like Vivek College of Commerce, Jashbhai Maganbhai Patel College, Lords Universal College are some of the best higher education institutes.
  • Affordability is also a major factor for the middle-income group of home buyers. Average property prices in Goregaon West are within budget for most people. Property prices in this neighbourhood are pegged at about INR 20,000 per square foot (up from INR 7,000 per sq ft in 2008), but there are several projects that offer budget housing with excellent amenities. Goregaon East offers pricier options, primarily because most residential projects are built to take advantage of the views offered by the Sanjay Gandhi National Park. Prices in the eastern part of the suburb can be anywhere upwards of INR 23,000 per square foot.
  • Like Andheri, Bandra, Kurla, Byculla, and Lower Parel, Goregaon West has emerged as one of the top commercial hubs in Mumbai. The number of businesses, multinational corporations, government offices, and start-ups opening offices here is only on the rise. With such development comes employment opportunities as well. According to real estate experts, the demand for housing in this neighbourhood is fuelled by the fact that more people are commuting to Goregaon for work than are commuting out to other parts of the city.

Why pick 3 BHK in Goregaon West?

  • In a city where space is always at a premium, Goregaon West makes it possible for average home buyers to indulge in large, luxurious homes at a fraction of the cost that they would spend in some of the poshest neighbourhoods of SoBo.
  • Most developers in Goregaon West are offering high-quality projects with a plethora of amenities and facilities that may not be available in the suburbs like Andheri. Who wouldn't like to own an apartment in a community with a gym or jogging track?
  • Goregaon West is a colourful, vibrant community that has the best restaurants, pubs, clubs, and entertainment options within reach. The neighbourhood is cosmopolitan, and crime rates are very low, making it attractive for families looking to move here.

Goregaon West is indeed one of the top choices for residential projects in Mumbai. The fantastic infrastructure, social fabric and affordability make it a favourite with homebuyers.

Real Estate