Mumbai is one of the leading property markets in the country and houses several coveted localities that attract buyers and investors in large numbers throughout the year. Goregaon is one such micro-market that has grown by leaps and bounds in the last couple of years, majorly owing to connectivity improvements and infrastructural upgrades. The Goregaon property market has been on an upswing due to higher demand for both residential and commercial units in the area. Here are a few reasons why you should choose Goregaon as your next real estate destination.
Investing in Goregaon property may be worth it, considering the fast pace of connectivity and infrastructural growth in the locality. The area already has a strategic location between the Arabian Sea (towards its western side) and the pristine Sanjay Gandhi National Park (towards its eastern side) and is a major residential and commercial real estate hub as a result.
Here are some pointers that are worth noting:
The developed Goregaon property market is another incentive for real estate buyers and investors. There are several mid-range, luxury, and ultra-luxury projects in the area. The locality has also witnessed growth in its commercial segment with several corporates and companies setting up their headquarters and branch offices here. Major business hubs in and around the locality include the Infinity IT hub, Goregaon Film City, Bombay Exhibition Centre, Raheja IT Park, Nesco Complex, and more.
There is steady demand from buyers across price points, especially amongst professionals and families who do not wish to commute for longer times every day. The comparatively lower costs of land, handsome appreciation due to demand, scope of future development and proximity to major commercial hubs are key reasons behind the developed realty market in Goregaon. The whole ecosystem is favourable for buyers, with commercial spaces, retail zones, recreational and entertainment facilities, educational institutions, malls and hospitals nearby.
Goregaon is also benefiting from the acute space crunch in South Mumbai and also from the shift of several companies to the western parts of Mumbai.
Goregaon and the stretch till Malad is already witnessing the development of several premier hotels. Some of the top names here include the Westin Mumbai Garden City, Radisson and more. Multiple establishments like The Hub, The Oberoi Mall, Goregaon Socials, Esora and the Farzi Café also contribute towards the appeal of the locality.
The locality is also home to some of Mumbai’s greenest zones including the Aarey Milk Colony, Aarey woodlands and the Gokuldham Colony. There is also proximity to the Sanjay Gandhi National Park and Jogeshwari East among other green areas in Mumbai. Some of the top educational institutions here include the Oberoi International School, Vibgyor High, Gokuldham High School, Lords Universal College, Vivek College of Commerce, Ryan International School, Mount Mary High School and more. Leading hospitals in the neighbourhood include the SRV Hospitals, Radha Krishna Hospital, Kapadia Multispecialty Hospital, Lifeline Medicare Hospitals and many others.
The Goregaon property market is an excellent option for end-users and investors alike. It offers excellent connectivity and social amenities along with proximity to major business hubs in the city. There is a developed housing market with plenty of options across price points with handsome scope of future appreciation too. These are some of the reasons why you should consider Goregaon as your next real estate destination.
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