Goregaon, a suburb in Mumbai has become a hotspot for people who are looking to buy a house in the city. With new residential projects in Goregaon being developed every day to satiate the demand from people, it is easy to judge the amount of growth the suburb is noticing. It is no longer a haven for only the middle class but also home for luxury residential projects in Goregaon. The presence of these luxury residential projects in Goregaon tells you that the locality has caught the attention of influential people as well. People have been rushing to invest their money in residential property in Goregaon. But what makes Goregaon so appealing to home buyers and real estate investors? Read on to find out.
1. Goregaon is well connected.
One of the biggest local railway stations in Mumbai is at Goregaon. For people whose jobs are in the harbor line of Mumbai, they can buy a residential property in Goregaon because the local railway station also acts as a hub for harbor line trains. Even via road, Goregaon has excellent connectivity to south Bombay via the western express highway. Goregaon also has plenty of busses that go around to the far end of the city giving the people who invest in new residential projects in Goregaon an excellent commute. Goregaon is placed in the middle of 2 big roadways i.e. Jogeshwari- Vikhroli link road and western express highway and SV road also run through Goregaon which gives it excellent connectivity to most of the city.
2. Perfect location for almost everyone.
Goregaon being right in the middle of 2 big suburbs of Mumbai i.e Andheri and Borivali makes the appeal of buying a residential property in Goregaon even more lucrative. Goregaon is relatively close to major commercial areas of Mumbai like Andheri BKC and Bandra giving people an opportunity to stay close while also having a good lifestyle if they invest in luxury residential projects in Goregaon. Goregaon is also home to huge multinational companies. This is also the reason why you can see an increase in the number of luxury residential projects in Goregaon.
3. A suburb is only as good as its amenities.
There are many malls scattered all around the suburb. Some of the malls in Goregaon are the best malls in the whole of Mumbai. You can even find multiplexes and the best brands from around the world in these malls. You don’t even need to worry during emergencies because Goregaon has some of the best hospitals on offer in the city for your safety which makes buying a residential property in Goregaon even more sensible. If you have a family you don’t need to worry about educational institutions for your child to go to. Goregaon has the best schools and colleges in the boundaries of its suburb.
4. The commercial advantage.
Goregaon is not just a residential market but is a hybrid market because of the prominent presence of commercial real estate in the suburb. This helps both commercial and residential property investors to get properties at a reasonable price. Goregaon also has a film city and this is a big draw for people. The presence of film city is also the reason behind the surge in demand for luxury residential projects in Goregaon. The prices of the real estate remained stable while the whole city saw a drop in demand and prices.
Goregaon is set to become a prime location in Mumbai. Some might argue Goregaon already is a prime location in Mumbai. As an investor, you cannot miss the opportunity to invest your money in Goregaon so that you can get maximum profits on your investment.