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Jogeshwari's Real Estate Evolution: From Hidden Gem to Investment Hotspot

Blox Social
Posted on
Sep 25, 2023

Jogeshwari is a famous locality of Mumbai that has evolved into a major real estate hub over the past several years. Situated in the western part of Mumbai, the area is named after the famous Jogeshvari Caves located nearby. The famous caves are believed to be thousands of years old. They house a statue and footprints of Goddess Yogeshwari, who is worshipped in several households. The neighbourhood is surrounded by Andheri on the south, Malad and Borivali on the north, and Goregaon on the east.

The locality has experienced phenomenal real estate growth over the past several years. Hence, it is not surprising that countless people are looking for opportunities to invest in property in Jogeshwari. Several reasons have contributed to making this neighbourhood a preferred choice among property investors. The most important of these reasons are explained as follows.

Excellent Connectivity to Other Areas

Jogeshwari offers excellent connectivity options through rail and road. The Jogeshwari Railway Station divides the neighbourhood into western and eastern parts. The station lies on the Western line of the Mumbai Suburban Railway and offers excellent connectivity to other parts of the city. The neighbourhood is also strategically located quite close to several important highways, which enhances its connectivity. The National Highway 8 passes through Jogeshwari East. Additionally, the Jogeshwari-Vikroli Link Road (JVLR) connects the locality to the central suburbs of Mumbai. Most importantly, the Mumbai International Airport is located at a distance of only 8 km, enhancing the convenience of frequent travellers.

Great Social Infrastructure

The social infrastructure of Jogeshwari has experienced a significant upgrade in the past several years. There are a number of good educational institutions in the area known for providing quality education. These include Jogeshwari Education Society’s Primary School, Arvind Gandbhir High School, Jes College of Commerce Science and Technology, and H K Institute of Management and Research. The locality also houses several hospitals and health care centres offering world-class medical care and facilities. The multiple malls, shopping centres, and entertainment hubs located in and around the neighbourhood enable people to relax and have fun without travelling too far.

Rich and Diverse Culture

An important aspect that has been drawing people to invest in property in Jogeshwari is its rich and diverse culture. Like in several other localities of Mumbai, people from different parts of India live here together in peace and harmony. Thanks to this, all the major festivals or cultural events are celebrated in the neighbourhood all across the year. Such celebrations create a vibrant and positive environment where people get to learn from each other's rituals and traditions. Another benefit of this cultural diversity is that the neighbourhood offers a wide variety of cuisines to the residents.  

Decent Returns on Investment

The property rates in Jogeshwari have been showing a consistent upward trend for the past few years. This has assured investors of getting decent returns on their investment in the longer term. Moreover, the property prices in the area are relatively affordable compared to most other localities in Mumbai. This has encouraged even people with limited resources to seek investment options in the neighbourhood. The proximity of the locality to various employment hubs also proves beneficial for working-class people both financially and in terms of saving time and effort. 

Wide Choice of Real Estate Options

Jogeshwari offers a combination of both residential and commercial real estate, although the former is in greater demand. People can choose from a wide range of options while investing in property in Jogeshwari. The area has both old and new-style residential buildings, small independent bungalows, and apartment complexes. There is a greater demand for 1 & 2 BHK units in Jogeshwari West, while most people choose to invest in 3 BHK apartments in Jogeshwari East. To keep up with the ever-increasing demand for property in the area, many renowned real estate developers have launched projects which are in various stages of completion. Some of the most reputed projects here are Fairmount Constructions Pvt Ltd, Maredian Realtors Pvt Ltd, Universal Group, and Nirman Realtors.

Final Thoughts

Jogeshwari is emerging as a true real estate gem, and the boost in the property market in the area is likely to continue in the future, paving the way for better growth for investors.

Real Estate