Is it Worth Buying a 2 BHK in Goregaon West?

The reverse migration of Mumbai has been one phenomenon that has grabbed the attention of the country. Recent news reports revealed that most Mumbaikars, even those from posh south Mumbai neighbourhoods, are now looking to move to the suburbs, particularly the Western Suburbs. The phenomenal rate of development in places like Malad, Borivali, Kandivali, and Goregaon has most prospective home buyers wondering if it is a good idea to invest in these projects.

Here are some of the top reasons why it is a good idea to invest in a 2 BHK in Goregaon West.

• Affordability – Goregaon West is much more within budget than South Mumbai and the older residential neighbourhoods of the city. You can afford a larger flat for the same budget as a cramped studio apartment in SoBo. The units are larger – this means that a 2 BHK in Goregaon West is likely to be more spacious than a 2 BHK in Dadar. This is a definite advantage for those living with parents or young families. Finding a spacious and luxurious apartment in Mumbai is always challenging, but this neighbourhood makes it possible.
• Connectivity – Connectivity and ease of commute is possibly the most attractive feature of any residential neighbourhood in Mumbai. Goregaon West is perfect in this regard. Lying along the Western Express Highway makes it easy to Malad, Kandivali, Borivali, and Dahisar in the north and Oshiwara, Jogeshwari, Andheri, Vile Parle, Khar, and Bandra in the south. This highway connects Goregaon with some of the prime commercial districts in the city. This neighbourhood is located on the Western Line, making suburban railway commutes are also very convenient. The Metro Line 2A plugs Goregaon West into the city's extensive metro rail network.
• Asset appreciation – Real estate is one of the main financial investments for every Mumbaikar. Of late, though, there has been a growing concern over the slowing rate of asset appreciation in some older neighbourhoods. Goregaon West, however, is in a nascent stage of development and is free from such concerns. Property prices in the neighbourhood have doubled over the past few years and are likely to grow further in times to come. With an average investment price of about INR 20000 per square foot, you will certainly want 2 BHK in Goregaon West to appreciate quickly and increase in value.
• Lifestyle – Living in the suburb comes with a number of perks and advantages. Some of these are low traffic, a pollution-free environment, and a hassle-free life. Developers in Goregaon West have made investment all the more attractive by adding features such as jogging tracks, gymnasiums, clubhouse facilities, swimming pools, and kids' play areas. Investing in a 2 BHK in Goregaon West can upgrade your family's lifestyle. Another factor prospective homebuyers look for is schools, sports academies, shopping centres, and nearby medical facilities. Goregaon West is perfect for young families and has some of the top-tier schools in Mumbai.

Goregaon West Vs Goregaon East

Goregaon, as a whole, is extremely well-connected and an ideal investment destination. Goregaon East scores over the western part of the suburb due to its proximity to the sprawling Sanjay Gandhi National Park, often referred to as the "lungs of Mumbai". Despite this advantage, most homeowners are looking to invest in the West for two reasons – affordability and infrastructure. Goregaon West is the picture of mixed development. Residential projects in the neighbourhood are flanked by commercial projects, office complexes, and entertainment centres, making it ideal for those who wish to live within a short distance of their workplace. This part of the suburb is also less expensive than its eastern neighbour.

Investing in Goregaon West is certainly a good idea, but shortlisting the perfect complex among the numerous upcoming residential projects may turn out to be a challenge. Using the tech-powered search tools from Blox can make it easier. Blox features verified and RERA-registered listings from some of the top developers in Mumbai. Your relationship manager can help you settle on a residential project that offers 2BHK units along with all the facilities and amenities you want. Furthermore, Blox does not charge any brokerage or additional charges for helping you find your dream home.