What Makes Goregaon an Ideal Place to Invest in Real Estate?
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- Published date: April 7, 2021
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- Mumbai, Maharashtra, India
Over the last decade, Goregaon has witnessed rapid urbanization that has transformed it into a well-developed residential destination. Therefore, for people looking for a house in the city, buying an apartments in Goregaon west could be a great option. Also, these suburbs have been a boon for those looking for affordable properties. With new residential projects in Goregaon being developed every day, it helped the location to satiate the demand from people; thus, you can understand the growth level that the suburb is noticing. There are many more reasons why Goregaon has become a prime location for home buyers and investors. Here are some of them.
• Goregaon is well connect
Goregaon is situated between two important localities of Mumbai that is Andheri and Borivali. It has major roadways passing through it, i.e.,Jogeshwari- Vikhroli link road and western express highway. Other than that, SV road also runs through Goregaon, which gives its excellent connectivity to most of the city. Apartments in Goregaon west are developed with all the latest facilities, and all types of public and private transportations are easily available in this area. It has a hub for the bus that has busses running to almost every part of the city. The city has easy access to the city's international airport. Goregaon also has a railway station so people can also travel through trains.
• Perfect location
In the last few years, the suburb has become one of the prime locations of Mumbai. Goregaon is pretty close and well connected to major commercial areas of Mumbai, likes Andheri, Bandra, BKC, etc. The greenery of the Aarey colony also surrounds the area. Buying an apartments in Goregaon west is also ideal for families. This locality gives them affordable and luxurious housing options, shopping malls, entertainment hubs, educational institutions, small industries, etc., within its neighborhood.
• Hybrid market
By this time, Goregaon is known for its residential real estate projects and its commercial real estate projects, making the real estate market in Goregaon a hybrid market. The benefit of having a hybrid market is that it attracts both commercial and residential investors interested in investing their money in the suburb. Another big attraction for people towards Goregaon is the presence of the film city.
• Good returns on investment
If a person is interested in investing their money in the property, they usually expect to have a good return rate. In the last few years, apartments in Goregaon west have offered some of the best investors' results. Despite the poor economy this year, the amount of growth Goregaon is showing is astonishing. Investors have seen an 8% increase in the property prices in Goregaon east this year. Thus, Goregaon is one of the important locations to invest in and add value to their investment for investors. It is also one of the most preferred locations for investing in 2 BHK in Goregaon west.
• Presence of corporate giants
The region's connectivity and quality infrastructure is an important reason that promotes commercial real estate in Goregaon East. Many multinational companies such as IBM, Abbott, and Aegon Ligare Life Insurance have set up their offices in Goregaon East. It attracts many of the working population, thus pushing the demand for property prices in Goregaon east.
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