September 30, 2020 | Uncategorized | No Comments
For people looking for a house in the city, the suburb known as Goregaon is where they are flocking towards. With new residential projects in Goregaon being developed every day to satiate the demand from people, you can understand the level of growth that the suburb is noticing. Not only people from middle classes have a place in Goregaon but also people who are looking for luxury residential projects in Goregaon can find a house to suit their taste. The presence of these luxury residential projects in Goregaon tells you that the locality has caught the attention of influential people as well. People are throwing their money to buy a residential property in Goregaon. But what is the appeal that Goregaon has for the real estate investors? Let us tell you why Goregaon has become a favourite of home buyers and investors.
1. Goregaon is well connected.
Goregaon railway station is one of the biggest railways stations along the western line. Goregaon can even become home for people who have travelled to the harbour line to get to their jobs because the railway station acts as a hub for the central and western line of Mumbai. If you buy a residential property in Goregaon you are also well connected to most of the city through roads. You are blessed in terms of transport even more; Goregaon also has a hub for the bus that has busses running to almost every part of the city. Goregaon has 2 major roadways passing through it i.e. Jogeshwari- Vikhroli link road and western express highway other than that SV road also run through Goregaon which gives it excellent connectivity to most of the city.
2. Perfect location.
Goregaon falls right in between 2 of the most influential suburbs of Mumbai i.e. Andheri and Borivali making it a perfect location for people to buy a residential property in Goregaon. Goregaon is also pretty close to major commercial areas of Mumbai like Andheri BKC and Bandra allowing people 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. Top dogs at these MNCs like to stay close to their place of work which makes them invest in luxury residential projects in Goregaon.
3. A suburb with amenities.
Goregaon has many malls scattered in its border. Some of the best malls in Mumbai city can be found in Goregaon. The best brands and well-made multiplexes can be found in these malls in Goregaon which gives these malls a charm. When you buy a residential property in Goregaon you need to understand that you are making a smart move where safety is concerned. Goregaon has some of the best hospitals in the city on offer that you can use during an emergency. Even if you have children you don’t need to worry because Goregaon has some of the best schools to offer your kids the best education possible. Goregaon is like an all in one package where amenities are concerned about making new residential projects in Goregaon that much more desirable.
4. Hybrid market.
Goregaon is not only well known for residential real estate projects but also commercial real estate projects as well as making the real estate market in Goregaon a hybrid market. This makes 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. The actors who work on the sets of film city have made the demand for luxury residential projects in Goregaon rise. This is why the prices of Goregaon were stable while the rest of the city saw a drop in the prices.
5. Return on investment.
Any investor who invests money in a project expects a high rate of return. In the grand scheme of things, Goregaon’s real estate is relatively new when you compare it to the rest of the city. The biggest growth in demand in the city can be seen in the demand for residential projects in Goregaon. Investing in a new residential project in Goregaon now would yield some of the best results for the investors. And investors have taken a notice of it which is further driving the demand up for flats in Goregaon. Investors have seen an 8% increase in the prices of the residential property in Goregaon this year. Despite the poor economy, the amount of growth Goregaon is showing is astonishing.
6. Goregaon has a booming real estate market.
Goregaon is getting attention because of its sound infrastructure and comparatively affordable property prices, encouraging developers to launch new apartments here. There are around 169 projects in the locality, of which 112 are ready to move in and 45 are under construction. People are looking to take advantage of the situation and get their money invested in new residential projects in Goregaon where they are guaranteed to see growth in their investments.
Given the reasons, it is now easy to understand why Goregaon has become the best place for real estate investors to invest their money in.