Mumbai is an ever-expanding and fascinating city that attracts hundreds of thousands of students, professionals, entrepreneurs, and skilled workers each year. As a result, the city's limits are constantly growing to accommodate the housing needs of those who arrive here with dreams of building a beautiful life and buying a home for their families. Goregaon is one such suburb that has reclaimed its rightful place at the very heart of the housing boom in Mumbai. It is the new destination for real estate investors and home buyers looking for elegant and luxurious projects from some of the financial capital’s top developers.
Given its location at the heart of Mumbai, Goregaon's entry into the residential real estate bull run has been on the offing for a long time. While suburbs like Andheri, Malad, Ghatkopar, and Powai were undergoing rapid development, Goregaon kept building on the basics – roads, commercial hubs, office complexes, and expansive shopping malls. Over the last few years, however, the incredible infrastructural investment that this suburb has attracted is translating into housing demand. As a result, Mumbai's top residential real estate developers have now started to focus on Goregaon as the next big residential market. What is more, homebuyers seem to love this suburb. The burgeoning number of restaurants, clubs, lounges, and entertainment and shopping centres is a clear indication that Goregaon has finally arrived, and Mumbaikars are taking notice.
Connectivity is indeed the key to unlocking the secret to life in Mumbai, and this is where Goregaon clinches the deal. The Eastern Express Highway, which runs north-south through most of Mumbai, is one of the arterial roads that link Goregaon to the rest of the city. The Goregaon Suburban railway station is one of the main terminals on the Harbour Line, connecting the suburb to all Chhatrapati Shivaji Maharaj Terminus and Panvel. It is also an important connection to the Western Line that connects Goregaon to important commercial hubs like Lower Parel, Churchgate, Bandra, Andheri, Borivali, and Dahisar. In addition, the Metro Yellow Line is being developed to connect Goregaon to the rest of the city in minutes.
Goregaon's rising residential demand comes with good reason. It is one of the safest suburbs in Mumbai. The malls of Goregaon, such as the Oberoi Mall, are perfect for high-street fashion and entertainment. The suburb has some excellent schools, such as the Oberoi International School, Lakshdham High School, and Gokul Dham High School and hospitals and medical facilities are also rapidly coming up. In addition, Goregaon is home to Film City, the home of Bollywood, and the social infrastructure reflects this glamour.
Investment in real estate requires a clear understanding of the growth prospects of the location, infrastructural prospects, and market dynamics. Most people who buy residential properties to make a home for their families look at easy commutes, access to schools, medical facilities, local markets, local administration and governance, and also the ability to buy during the construction phase. In Goregaon, however, ready-to-move flats offer a great investment option. And here's why –
When it comes to meeting the needs of real estate investors and homeowners, Goregaon checks all the right boxes. Moreover, the rise of commercial centres and IT parks such as Raheja IT Park and International Business Park have brought in a fresh wave of demand from young professionals who quite like the elegance and sophistication that blends seamlessly with the greenery and open spaces in Goregaon.
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