Here's Why Investing in Flats In Andheri West Is A Great Idea

Andheri remains the undisputed king of Mumbai suburbs. While the older residential locales of South Mumbai or the vigorous development of the Western Suburbs are popular, Andheri West remains the favourite of developers and homebuyers in the city.

Here are some top reasons why investing in apartments and flats in Andheri West is a great idea.

Excellent Connectivity

If there is one place in Mumbai that can boast of a truly central location, of excellent connectivity to the western suburbs, the central commercial districts, Thane, and Navi Mumbai, Andheri West has to be it.

The New Link Road, the JVLR (Juhu Versova Link Road), the Versova Marg (which extends into the Andheri-Kurla Road), the CD Barfiwala Road, and the Jai Prakash Road are all arterial roads that offer exceptional connectivity. The Versova Marg also connects Andheri West to the Western Express Highway that runs north-south through the eastern part of the suburb.

Since the start of this year, the Andheri West has been connected to the Yellow Line 2A of the Mumbai Metro, while the Andheri Suburban Rail station connects with both the Harbour Line and the Western Line networks.

Commercial Development

Andheri West showcases mixed development in Mumbai. Along with the towering residential projects, there are large and swanky commercial developments, office spaces, shopping centres, and even small-scale industrial units. Andheri West's proximity to some of the top commercial hubs such as BKC (Bandra – Kurla Complex) and the SEEPZ Special Economic Zone and IT Parks such as the Nirlon Knowledge Park, Lotis Corporate Park, and NESCO IT Park offers the promise of easy commute for those who work here.

ROI Bonanza

Andheri West is perfect for professionals and families looking to own a home in one of the trendiest localities in Mumbai. It is also the ideal choice for real estate investors or homeowners looking to create additional cash flow by renting or leasing out their apartments. Flats in Andheri West command a monthly rental of at least INR 40000. Property value in this neighbourhood has skyrocketed in the past few years. Average prices have gone up from INR 10500 per square foot in 2008 to INR 27000 per square foot in 2023. Assuming this trend continues, you can expect a spectacular ROI on your real estate investments in Andheri West.

Infrastructure And More

Despite being a highly coveted residential destination, the insatiable demand for flats in Andheri West remains on an uptrend due to the constant renovation and infrastructural upgrades undertaken by the Brihanmumbai Municipal Corporation (BMC).

• Work is underway to widen the SV Road, particularly near the JP Road Junction. This should ease one of the most congested areas and ease the traffic going into Goregaon. The 25 feet wide road will soon become a 90-foot-wide road.
• The BMC has also approved work on widening the drainage system, particularly the Mogra nullah. The INR 100-crore project will prevent flooding of the Andheri West subway and give the residents a pleasant monsoon experience.
• The BMC is also working on rebuilding the Gokhale Bridge, which connects the eastern and western sections of Andheri. This bridge was demolished last year, and reconstruction work is ongoing. Once done, it will bring the Mumbai airport closer to Andheri West.
• The Andheri station is one of the busiest in the Western Railway network. While located in Andheri East, it has an entrance from Andheri West. This station is set to become a Railopolis, a mini-smart city. The station will also get a green building, divyang access, and commercial development.

Lifestyle Options

Andheri West has some of the finest restaurants, hospitals, schools, colleges, and medical facilities. Infiniti Mall in Andheri West is one of the largest and best shopping destinations, and the Mega Mall in Oshiwara, Lokhandwala Market, and Andheri Market have their own brand of charm for shoppers. The Kokilaben Dhirubhai Ambani Hospital and Bellevue Multi-speciality Hospital are among the best in the country. This is the locality to be in if you like a hip and happening lifestyle. Some of the new residential projects

Conclusion

If you are still wondering if investment in residential apartments and flats in Andheri West is a good idea, consider the sophistication of this upscale neighbourhood. Several popular entrepreneurs, media personalities, and movie stars live here. Yes, this is a wonderful place to live in.