Andheri West to become Bandra West
Andheri West has become a self reliant location with the World’ Top Most Brands in 5 sq.km. Right from a BMW, Mercedes, Audi, Honda, Toyota, Skoda, Hyundai, Star Bucks, Pizza Express, Tanishq etc…every brand you can find in Andheri West.
We have been doing a lot of Micro Market Analysis and here are a few facts which you may find interesting, if you are looking for a good investment in the Mumbai Property Market.
Our Focus this week is on Andheri West, which is going to be a very warm market for the next few weeks. We have 3 Top Developers coming up with excellent projects both for Self Use and lease. Adani – Western Heights out of the 3 is already launched. Also, Andheri West is set to be the Next Bandra with equal amount of hype.
The prices in Andheri West today vary between Rs.14000/- PSF going up to Rs.40,000/- PSF for both under construction and premium ready possession properties, which means a wide gap and acceptable figures.
1. We are witness to a transaction recently in Oberoi Springs, Andheri Link Road nearly @38000/- PSF for a Ready Possession 2.5 BHK having area of 1295 sq.ft. Why these prices are realisable is Andheri West today is some thing which one has to relate to?
2. Due to the New Development Control Rules, the developments in and around Andheri West came to a stand still. While the developments came to a stand still, the infrastructure in Andheri West grew and today Andheri West especially the areas around Lokhandwala, Versova, 7 Bunglows, Link Road are as effluent as any Bandra location. We got Mercedes, Apple, BMW, Audi, Star Bucks, Indigo, Tanishq, Pizza Express, and other 150 different Cuisine and Speciality Restaurants, Home Delivery, 24 Hours Medical Stores, Kokilaben Hospital and many other small features which make up for an excellent and self reliant living.
3. Any property which is going to be launched in the next few weeks by the developers will be in the range of 16000 to 19000. The good part is this that, you are buying or investing in a location which is very strong with High End families with enough spending power or assets to trade for an upgrade in similar price points.
4. Lokhandwala Complex started developing in the year 1980 and since then the complex is nearly 40 Years old, there is a captive growing population here. In a matter of few months, the Metro will be operational giving a further boost to the connectivity to Andheri East, Airport and Ghatkopar.
5. With 4 Year payment plans and a rate of 16000 to 19000 you cannot go wrong with your investment. There is a new road connectivity which is likely to be over in few years, which is from Infinity Mall to Western Express Highway, terminating at the Junction of Jogeshwari Vikhroli Link Road. The day this happens, the connectivity to Highway through the elevated road will not take more than 10 Min.
6. Bandra to Juhu locations are priced in the range of 40000 to 70000 PSF with nearly zero amenities in the buildings.
7. The New Complexes and apartment blocks which are coming up are state of the art with all amenities.
8. People who cannot afford homes in Bandra to Juhu, where there are only limited Investment opportunities, will have the only option to look at these Launches. And people who want to be in Andheri West from other suburbs will also flock here.
For more information on Andheri West and the Investments, please feel free to call Sandeep Sadh on 09820030685.