Mumbai

what makes goregaon east as a new micro market of mumbai

Today, when South Mumbai is facing severe space crunch when it comes to new business and residential spaces, areas beyond Andheri in the western region and beyond Kurla in the eastern suburb are flourishing in terms of availability of commercial and residential spaces that too in abundance. One such location Goregaon East is becoming an important destination be it high end residential or newer business hubs, grabbing everyone eyeballs as the emerging micro market. An attractive residential hot-spots for quality lifestyle housing and easy accessibility factors to travel to workplace in an around the place of stay be it Malad, Andheri, Bandra on the western corridor to Powai, BKC, Kanjurmarg, Mulund up to Thane on the and beyond Eastern corridor. The robust social infrastructure developement in suburbs is making these areas preffered location by professionals, working in the commercial business districts.  As said Goregaon East being well- connected by rail and road network is enoying good and easy access to domestic and international airports along with a high quality cluster of international schools, colleges, hospitals, malls and restaurants is becoming a major hotspot for residential development.

Today, Goregaon overall has witnessed a sea change in terms of infrastructure development and has emerged as one of the fastest growing suburbs for premium residential development.  Unlike other suburbs, Goregaon has massive plots of green land and open spaces. Whether it is the Sanjay Gandhi national park or the aarey colony, the tranquil and natural environment brings major value to the habitability quotient.

Lets zero into Goregaon East as a Micro Market – This market is seeing robust activty in terms overall infrastructure push be it road, rail, social infrastructure . This has largely resulted in demand for housing in this area. Today, the demand is not meeting the supply and Goregaon has a micro market has merely  3000 plus units of mixed bag of inventory including leading brands. Of the total inventory around 40% per cent 1200 approx are 2BHK apartments of which 64.5 % are ready to move in and resale apartments while and balance 35.5 % of available inventory approx. 419 apartments are under stages of construction. this market has developments from all major real estate players viz. Lodha, Omkar Realtors, Raheja, Oberoi, Chandok, Mantri etc., making it a very competitive and lucrative market for investors.

Other micro markets that surround Goregaon East are Andheri, Malad, Kandivali, and Borivali on the West and Mulund, Powai, Kanjurmarg, Kurla on the east.  The locality has roads like the NH 8 Western Express Highway, Aarey Road, Jogeshwari Vikhroli Link Road (JVLR), Film City Road and Goregaon Mulund Link Road pass through the area.

On the other hand rail connectivity is under construction between the Harbour Line from CST to Goregaon. Metro 2A and Metro 7 routes connecting Dahisar-DN Nagar and the Dahisar east-Andheri east respectively passing through Goregaon East. An underground tunnel is planned along the Goregaon-Mulund Link Road, which connects to Link Road on the west and Goregaon East on the other side making Goregonan as one of the most preferred destination of western suburbs

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