Located in western Mumbai, Andheri is one of the city’s many distinct neighbourhoods. Andheri’s real estate market is diversified, with options ranging from affordable little apartments to the most expensive properties in India. The homes in Andheri are well worth the price, owing to the area’s great mix of practicality and grandeur.
This article will explore the Andheri real estate market, touching on topics including current property pricing and a summary of the area’s best features.
Andheri: Overview
Located just off the Western Express Highway, Andheri is a mixed-use neighbourhood with plenty of homes and businesses. This area is separated into Andheri West and Andheri East by the Mumbai Suburban Railway Network’s western line. Powai, Lokhandwala Complex, Vile, Versova, Seven Bungalows, Parle, and Four Bungalows are just a few of the well-known localities in the region. Andheri is a popular place to buy property because of its convenient location, high-calibre public amenities, and plenty of retail establishments.
Andheri: Physical infrastructure
Andheri is conveniently linked to the rest of Mumbai by the Andheri Railway Station and the adjoining Link Road, Western Express Highway, and SV Road. Line 1 of the city’s metro system, which links Versova, Andheri, and Ghatkopar, is now operating, providing east-west subway service. Line 2, now under development, would significantly improve the metro connection to its northern and eastern neighbouring communities. On top of that, Andheri is very next to the massive Chhatrapati Shivaji International Airport (3 km).
See also: Santacruz West: A perfect blending of residential and commercial projects
Andheri: Social and retail infrastructure
Having such well-developed community amenities has been a boon to Andheri. There are several prestigious schools in the area, including the St. Mary High School, Bombay Cambridge International School, Bharatiya Vidya Bhavans Sardar Patel College of Engineering, and Rajiv Gandhi Institute of Technology.
Medical Research Institute and Kokilaben Dhirubhai Ambani Hospital are two of the largest medical facilities in the city. Shoppers in the area have their pick of a wide variety of shopping centres and market complexes. Andheri West Market, Citi Mall, Infiniti Mall, Fun Republic, DB Mall, and Crystal Point are some of the more well-known ones.
Andheri: Nearby employment centres
Andheri East, in particular, is where you’ll find most of Andheri, Mumbai’s most populous neighbourhood and its main business district. Within 5-8 km, you may reach many major employment centres, including the Chakala Industrial Area, the Santacruz Electronic Export Processing Zone, and the Marol Industrial Estate. Bandra Kurla Complex, a major commercial hub, is within easy commuting distance of Andheri (just approximately 10 to 15 kilometres away).
Andheri: Property price
The price of real estate in the Andheri West neighbourhood is around Rs 23,200 per square foot. The price range for luxurious new builds in the area is between 3 and 20 crore Indian rupees. The cost of real estate in Andheri West is much higher than that in Andheri East. The beginning price for a luxury project in Andheri East is 2 crore, which may go up to 6 crore.
Andheri: Rental pattern
The monthly rent for a 1 BHK apartment in Andheri West ranging between 500 and 700 square feet would be between Rs 25,300 and 30,000, while the monthly rent for a 2 BHK home with a carpet area of between 800 and 1,000 square feet would be between Rs 43,000 and 50,000.
One of the busiest micro-markets in Mumbai, Andheri East has a lot of passing foot and vehicle traffic, which is one of the main factors that keeps rents here cheaper than in the western part of the city. You may expect to pay between Rs 22,000 and 26,000 per month to rent a 1 BHK, while larger apartments would cost you between Rs 34,000 and Rs 54,000.
Know about: Ghatkopar pin code
Why is Andheri West a good investment destination?
Andheri West is a popular place to live because of its thriving community, top-notch transportation options, and plenty of businesses. Here are some of the reasons why Andheri West is such a promising area:
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Excellent connectivity
When travelling throughout Mumbai, Andheri West is a wonderful choice due to its convenient location. This neighbourhood is accessible by train owing to its proximity to the Azad Nagar metro station and the western line of the Mumbai suburban railway. The area is also conveniently close to the International Airport of Mumbai.
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Future infrastructure
To alleviate traffic, the Brihanmumbai Municipal Corporation (BMC) is planning to build a corridor around the Andheri train station. Three flyovers connecting DP Road to Lokhandwala Lake, Yari Road to Lokhandwala Junction, and Fisheries Institute to Link Road are on the upcoming construction list for the Maharashtra Government.
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Closeness to industrial areas
The neighbourhood of Andheri West is located near several business and industrial organisations. Bandra Kurla Complex (BKC) is around 11 kilometres from SEEPZ Special Economic Zone, which is only 5 kilometres away.
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Social infrastructure
The social infrastructure in the area is likewise quite strong. The suburb is an affluent residential region since it is home to several prestigious educational institutions, shopping and entertainment venues, medical facilities, restaurants, and more.
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Superior location
Andheri West is now regarded as one of Mumbai’s most exclusive neighbourhoods. Demand for residential real estate in the region has always been high due to the presence of high-end neighbourhoods like Lokhandwala and Versova.
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Return on investment
Andheri West’s solid infrastructure, commercial projects, good connectivity, and social features ensure that property values will continue to rise over time, bringing you substantial financial returns on your investment.
FAQs
What are the most prominent Andheri projects?
Andheri and its surrounding areas are a hub for future and completed developments. You may easily locate your perfect house among the Leo Eminence, Vicino, Shreedham Splendour, and JP Eminence developments.
Is Andheri a desirable place to live?
It's an affluent area because of the quality of the social infrastructure and the number and range of services and establishments in the areas of education, healthcare, business, and commerce. commercial companies, making it a prestigious neighbourhood.
Is Andheri West an upscale region?
Andheri West is one of the most desirable suburbs in Mumbai, home to Lokhandwala and Versova. Demand for residential properties in the region, particularly among the wealthy, has historically been quite high. Therefore, the demand and availability for bigger houses are stronger in Andheri west.
