In India’s commercial capital of Mumbai, the suburban region of Goregaon East is emerging as a favourite among homebuyers, say reports.
There are many options before buyers, but as demand picks up in the light of attractive housing loans the prices are also going up steadily.
Located between the top residential areas of Andheri and Borivali, Goregaon East is well-connected with the Western Highway and the Jogeshwari-Link Road (5.6 km and 6.8m, respectively).
Residents also have easy access to the city’s international airport. Another attraction is the proposed Phase-II of the Mumbai Metro.
The growth potential has already attracted investors in commercial real estate. Top firms such as IBM, Abbott, and Aegon Ligare Life Insurance have set up their offices in Goregaon East.
In September 2015, the price in Goregaon East was Rs 15,280 per square foot but in the past 36 months it has gone up by 7.9 per cent. Now it has scaled up to Rs 16,594.
There are around 169 projects in the locality of which 112 are ready to move in and 45 are under construction. Websites such as https://www.magicbricks.com will give you current price trends.
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