"Is it worth investing in a 1 BHK in Mumbai?" This is a question most Mumbaikars are asked, particularly by people from the rest of the country. Property prices in the financial capital are higher than in many cities but comparable to other metros like Delhi and Bangalore. The city is a large, sprawling ocean of humanity and buying residential property here is a milestone achievement.
While the units may not be as large or spacious as in smaller cities, the amenities and facilities are far better. Moreover, Mumbai brings with it an abundance of employment opportunities and avenues for financial investments. This makes investing in a 1 BHK an attractive opportunity. Now let us consider Goregaon as a suburb and understand why it is among Mumbai's most attractive residential destinations.
Goregaon's greatest advantage is its location in the heart of Mumbai. This suburb is in itself a highly developed commercial hub but to those who work in other parts of the city, it also offers excellent connectivity. The Harbour Line and Western Line both link Goregaon with Andheri, Bandra, Borivali, Churchgate, and Lower Parel. The upcoming Yellow Metro Line will only bring the rest of Mumbai and Navi Mumbai closer to Goregaon.
Apart from its excellent connectivity, Goregaon offers a diverse and exciting social life. The suburb is home to some of the top schools, colleges, and medical facilities in the city. The dining and entertainment options are among the best, and the nightlife is vibrant. Goregaon truly has everything from high street shopping at Oberoi Mall to an exciting cultural scene.
The upscale neighbourhood is one of Mumbai's most attractive residential markets. Unlike Andheri or Bandra, it is not congested, and the infrastructure is just as highly developed.
Is a 1BHK in Goregaon worth buying?
Now that we have settled on Goregaon as your choice of location, let us consider if buying a 1BHK apartment here is worth your money.
- An average Goregaon 1 BHK flat price can range between INR 80 lakhs to 1.5 crores depending on the locality, amenities offered by the residential complex, the views and facilities, and the builder's reputation. This price range is considered mid-range in Mumbai and is perfect for professionals, entrepreneurs, and young couples moving to the suburb.
- This suburb's advantage is its excellent connectivity, social infrastructure, and lifestyle features. Goregaon is a bustling commercial and IT hub of Mumbai, and living within minutes of your workplace can be invaluable when it comes to saving time and money.
- Goregaon is a self-sufficient suburb and an excellent place for young professionals and families to live in. By investing in a 1BHK here, not only will you be cutting down on your work commute, but you will also be saving on transportation to school and classes, entertainment and dining options, shopping etc. Nearly everything you need is at a stone's throw. While both East and West Goregaon are highly developed, Goregaon East has the edge in this regard.
- Living in Goregaon East offers you a luxurious lifestyle. The proximity to the Sanjay Gandhi National Park, open green spaces, and water bodies allow great ventilation and better health. In the long run, living in a 1BHK in Goregaon can help prevent the health issues caused by pollution and poor air quality.
- The projects in Goregaon are built to offer large, open spaces and a luxurious lifestyle. While the apartment you invest in may have a single bedroom, the overall space offered by the unit may be more than in the suburbs like Andheri.
- Screening and comparing properties in Goregaon through Blox can help you connect directly with developers and get access to some of the premium projects in the suburb. An online retail buying platform with a zero-fee portal that brings you the best residential apartments to pick from.
Projects offering luxurious 1 BHK flats in Goregaon
Goregaon is a favourite among some of the top builders of Mumbai. Some of the top under-construction projects to consider in Goregaon East include Satellite Elegance, KP Krishna, Applaud 38, Sahakar Empire Towers, Samarth Tanish, Satra One, NH Shreyas, Je and Vee Shree Satyam, Mehta Onyx, Sham Sadan, Mahesh Bhavan CHSL, and Prabhat Bhageshree. These are projects that offer 1 BHK apartments for sale.
Ready-to-move properties offering 1BHK apartments in Goregaon East include Delta House and Jaycee Horizon. Goregaon West also offer a small but stellar inventory of 1 BHK flats. Laxmi Shrushti is a project to consider in this micro market.
Conclusion
Goregaon, home to the famed Film City, is definitely the most coveted residential market in Mumbai. With a rise in demand, property prices are on the rise, and so are rental incomes. So investing in this part of the city is a good financial decision and a wonderful opportunity for you and your family.
