Goregaon is one of the most sought after location for real estate. There is a very high demand along with a high supply of luxury and middle range apartments in Goregaon. While the real estate giants like Lodha group and Oberoi group have made huge investments in many ongoing projects in Goregaon, there are many upcoming residential projects as well making it one of the most favored destinations for real estate projects.
These are 5 points on the real estate growth and trends of property in Goregaon:-
Goregaon is well connected and in the center to major hotspots like Andheri and Borivali. Some of the main connecting links are Western Express highway, New link road, and Jogeshwari - Vikhroli link road connecting east to west in Mumbai. The posh localities of Andheri and Borivali have helped in the development of better infrastructure, transportation and real estate growth in Goregaon. Its central location is an attraction which has increased the buying interest mainly in 2 BHK flats followed by 1 BHK flats in Goregaon. Various commercial hubs like Bandra Kurla Complex, Santacruz Electronics export processing zone are easily connected to Goregaon. The upcoming infrastructure project of Goregaon- Mulund link road GMLR connecting Goregaon to Mulund will also pave the way for the high growth of real estate market in Goregaon.
The best of amenities are available in Goregaon. There are schools like Ryan International for education, hospitals like Lifeline Medicare and Matushree Gomati and luxurious shopping complexes like Oberoi Mall, Inorbit mall and Infiniti mall. These luxuries and facilities make it a worthy destination to make real estate investments.
Many companies like Samsung India, IBM, Aegon Religare Life insurance, Abbot India and others have opened their offices in Goregaon. To make the work-life balance of employees better many more companies are investing in a large number of properties. This has increased the demand for residential properties to accommodate people working here.
Price Trends in Goregaon
There is a large number of residential projects with 1 BHK flats in Goregaon east starting at 31 lac and going as high up to 2 crores. The price trends for 1 BHK flats in Goregaon west is higher with minimum rate standing at 39 lacs and the highest rate going high up to 2.26 crore. The commercial and residential properties are in high demand because it is much affordable in Goregaon than most of the other cities in Mumbai.
Ongoing and Upcoming residential projects in Goregaon
There are many projects like Horizon Goregaon from Jaycee Homes, Samarth tanish from Aaditya Realtors and Jayawant villa from Akshay Dhr Homes in Goregaon East. In Goregaon west, Aurum by Kabra group and Prabhat-20 from Reliable constructions are few of the names of ongoing and upcoming projects.
These are the 5 points on the real estate growth and trends in Goregaon. If you are interested to buy/sell or rent flats or apartments in Goregaon, you can find the best properties listed with complete details at Magic Abode.Visit magicabode.com