Determining Factors Behind Surge in Flats For Sale in Andheri West
There are some localities in Mumbai that have witnessed skyrocketing growth over the last few years. This has majorly been due to a mixture of interesting developments, right from commercial growth and residential demand to fast-growing social infrastructure and amenities. Andheri West has transformed into one of the most coveted residential localities in the city over the last few years. There are numerous factors driving the growth in demand for flats for sale in Andheri West.
The locality is highly favoured by celebrities, with many of them investing in real estate in the area. Bollywood superstar Akshay Kumar recently sold a property in the neighbourhood for a whopping Rs. 6 crore to music director Daboo Malik last year. The apartment covered 1,281 square feet with a balcony encompassing 59 square feet. The actor invested in the property back in 2017 for a sum of Rs. 4.17 crore, while investing Rs. 15.1 crore to buy four properties in the same residential project back in 2017. Multiple real estate developers are coming up with various projects in the locality, including communities and high-rises from reputed brands.
Why Andheri West is making all the right noises in the Mumbai realty market
Demand for flats for sale in Andheri West has gone up considerably due to the excellent connectivity offered by the locality and its overall social amenities. Some of the major plus points of the area include the following:
There is excellent connectivity through Line 1 of the Mumbai Metro network. This connects areas like Ghatkopar, Andheri and Versova, enabling higher convenience for residents.
The Western and Harbour Suburban railway lines also ensure good connectivity to several parts of the city along with the SV Road, New Link Road and the Western Express Highway, among other major thoroughfares.
There is high availability of residential projects from top developers along with major business zones like the NESCO IT Park, Mindspace Malad, Lotus Corporate Park and the Nirlon Knowledge Park.
Leading healthcare centres in the area include SBS and the Kokilaben Dhirubhai Ambani Hospital, while educational institutions here include Jankidevi and Ryan Global among several others.
The Fun Republic, Citi and Infiniti shopping malls are major hubs for retail in the area. There are several dining, entertainment, and recreational destinations in the locality which make it a vibrant place to live for families and young professionals alike.
The neighbourhood encompasses prime locations like Versova, Lokhandwala Complex, Oshiwara and DN Nagar. There are multiple restaurants here along with grocery outlets, banks and petrol pumps. The BEST bus network and Andheri railway station are major connectivity lifelines here while the Line 2 of the Mumbai Metro network will also boost connectivity for people in the area. Higher educational institutions in the area include the Bharatiya Vidya Bhavan’s Sardar Patel College of Engineering and the Rajiv Gandhi Institute of Technology among many others. This is another factor that is spurring demand for properties in the locality amongst families.
The area is adjacent to the Andheri East commercial and economic hub. There are several business centres within only 5-8 kilometres of the neighbourhood. The Bandra-Kurla Complex (BKC) is only 10-15 kilometres away from the locality as well. These are several factors driving the growth of the real estate market in Andheri West. Demand should rise further for flats for sale in Andheri West, spurred by the expansion of the metro railway network and other physical infrastructure development. The completion of multiple residential projects in the locality will naturally keep the housing boom intact in the area
