Andheri East is one of the most transformed location in Western Suburbs, the growing CBD cum a Residential Location enjoys excellent proximity to the Airport, Dozens of 5 Star Hotels and the New Metro will bring in the much needed impetus to the location and property prices.
Andheri East after the announcement of Metro has seen a superb jump in prices, prior to Metro announcement the prices were in the range between Rs.5500/- to Rs.6000/-, they have nearly doubled now and in early 2014 once the metro begins, we can see a further jump owing to the infrastructure impact.
Outlook :
Lease Rental values to become stronger in Andheri East for Residential Sector.
Commercial Lease to farewell through the year and stable with a 6-10% Year on Year increase.
Residential Values to continue to grow up in accordance to the city and impact of other micro locations.
Presence of Top Developers -
L&T on Saki Vihar Road, Sheth Developers - Vasant Oasis, Kanakia - Seven, Orbit Corp and a few other builders developing Residential Outlays.
Andheri East is located in Western Suburbs in Mumbai.
Property Rates in Andheri East
The property rates in Andheri East for buying a property either from the Primary Market / Pre - Launch / Soft Launch / Under Construction start from Rs.14000 per sq ft on Built Up Area and they can go as high as Rs.18500 PSF. The rates for the Resale Properties in Andheri East may be Higher or Lower totally depending upon the construction quality, year and amenities in the building in Andheri East