Things to Know When Choosing a New Project in Goregaon West

Goregaon west has become one of the most sought-after destinations in Mumbai for property investment. If you are looking for a beautifully-styled house with stunning landscapes, this is the place to look for options.

Located off the Western Express Highway, this location has emerged as one of the upscale commercial and residential destinations. In 2013-2014, flats in this area were available in the range of 10,000 to 13,000 INR per square feet (flats in 2000-3000 square feet category). Even in 2016, the rates didn’t increase much.

Flats are available between the range of 14,000 and 19,500 INR per square feet in Goregaon West. If you want to purchase same size apartment in the prime areas of Mumbai, you will have to shell out a lot of money (approximately 30,000 to 50,000 INR per square feet). Affordability of quality properties is one of the reasons why Goregaon West has become so popular. Buyers are reluctant to go to South Mumbai for property investment because South Mumbai is selling on large floor plates. This has driven property rates around 9-10 Crore INR.

There are various factors due to which people are flocking to Goregaon West for property investment:

• This area is in close proximity to the Jogeshwari-Vikhroli Link Road. It is located at a distance of 2 kilometers from the Goregaon Railway Station. Even the Malad Railway Station is just 5 kilometers away from this area.
  
  
• Goregaon West is no more a sparsely populated residential suburb of Mumbai. With time, there have been various developments in this part of the city and today, not just Aarey Milk Colony but catchments like Jawahar Nagar, Unnat Nagar, Bangur Nagar and Motilal Nagar have become popular landmarks. These catchments have sprung in the west part of the city, making Goregaon a noticeable suburb in Mumbai for property investment. After the housing boom around three decades ago, the area expanded further.
  
  
• Today, Goregaon has also become a sought-after destination for property developers. A growing number of real estate companies are coming up with new projects in Goregaon West, offering luxury as well as affordable housing units. Not just 2 or 3BHK but you can also find lavish 5BHK properties in this area, laced with the best of amenities. You can get these properties within the price range of 1.25 to 5 Crores INR. From a club house and gymnasium to swimming pool, children’s play area and spa, these projects are offering various modern amenities to the buyers.

When looking for residential projects in Mumbai, it is very important to do some thorough research. Make sure you are choosing a project by a reliable developer. There are several property developers in the city, but you cannot trust all of them for quality construction work. It is best to ask for recommendations from your peers or family. You can also do some research on the internet and choose a developer with high ratings and reviews posted by property buyers.