When it comes to Real Estate market trends in India, Mumbai has been the city of interest for all investors. Mumbai being always ahead in its Real Estate game, has been the starting point for ripple effects ever seen in the Indian Real Estate Market. Also when it comes to homebuyers, Mumbai has been the paradigm of aspirations. The city that promises growth, stature, and security. Mumbai has been an enchanting destination for all home buyers.
The growth of the city being on a remunerative and lucrative location on the Indian Map has been expeditious. Having access through air, land, and sea, the city guarantees a promising future. The real estate market in Mumbai is on a rise, and the one that adds to its exponential growth is particularly a few suburbs that serve as a magnet for investors.
Goregaon is one such suburb in Mumbai that is affluent with a myriad of eminent educational institutions, business hubs, commercial, retail, and best healthcare facilities. To add to it, the city has seen remarkable social infrastructure development in the past years. All these factors have led to the attraction of homebuyers who aspire for a well-balanced life. In addition to these, here are a few reasons that make Goregaon an ideal location to invest in residential properties:
Reason 1: Ideal connectivity
When it comes to the home buying experience in Mumbai, location and its connectivity are one of the most cardinal deciding factors. Getting stuck in traffic for hours is one of the most stressful ordeals for the Mumbaikars.
Saving on commute time is tantamount to being able to live a quality life. The one that bestows time for oneself and family.
Goregaon is connected by two prime roadways between Jogeshwari-Vikhroli Link Road and Western Express Highway. Both the roads have been contributing to reducing the congestion in Mumbai and harbor esteemed offices, business hubs, and locations along its stretch. This has resulted in a rise in residential projects in Goregaon. Along with this Goregaon is also placed close to the most prominent locations of Mumbai- Borivali, and Andheri.
Not only this Goregaon is well connected with the rest of the city through other expressways and roads. The nearest airport being Chhatrapati Shivaji International Airport is also close by. It also enjoys close proximity to railway stations like Goregaon railway station and Malad railway station.
Reason 2: Ideal neighborhood
Another prime deciding factor while buying a home for a homebuyer is its neighborhood. Goregaon is surfeited with all the conveniences and facilities. It is the hub of prominent schools, offices, etc. One of the main reasons for the homebuyers to seek homes closer to such conveniences and facilities is the concern for safety and comfort. Close proximity to one’s workplace guarantees saving on commute time. This promises a quality life at home.
Top MNCs. global corporations and top leading brands have their headquarters in Goregaon. A LEED (Leadership in Energy and Environmental Design) certified 30-story business tower is home to lofty brands like Hewlett Packard, Verizon, GSK, We Work, Fractal Analytics, and Samsung Electronics.
Along with this the location also has the best schools like Oberoi International School, St. Xavier’s High School, Mount Mary High School, and Gokuldham High School. The location also has hubs for pleasure and entertainment with eminent malls like Oberoi Mall, Inorbit Mall, multiplexes, and shopping centers. Being home to the most popular film city in India, Goregaon has been the nerve center of all the action. It attracts a huge number of footfalls for tourism as well as a home demand. As a result, Goregaon is the locus of multiple high-end hospitality brands like Taj, Trident, and The Lalit.
The residents of Goregaon also enjoy the best healthcare facilities with many multispeciality hospitals and pharmacies available at short distances. All these facilities add to the conveniences of every family member leading to new residential projects in Goregaon. The residential property in Goregaon by IM Buildcon revels in the best connectivity that makes the life of its residents hassle-free.
Reason 3: Ideal Luxury life
Being adjacent to key commercial locations like Bandra and BKC, Goregaon also relishes a better standard of life. Real estate developer, IM Buildcon has come up with a residential property In Goregaon that is surfeited with an array of many such modern-day facilities and amenities like a swimming pool, spa, gym, library, clubhouse, sky lounge, golf course, reflexo park, indoor games and much more. The brand also provides other exterior facilities like CCTV surveillance, valet car parking, video door phone/ intercom facility, high-speed elevators, and housekeeping facilities. All these state-of-the-art facilities not only add to one’s comfort and quality but add value to one’s stature. Also, it helps in the appreciation of the property. The market trend shows that a home well equipped with amenities is more likely to appreciate its value.
Reason 4: Ideal serenity
Goregaon as a location is an amalgamation of comfort nestled in nature’s splendor. Its close proximity to Borivali’s Sanjay Gandhi National Park (SGNP)blesses the location with its fair share of quality life. The residents of Goregaon not only revel in luxury but also serenity. SGNP’s eco-sensitive zone Aarey Forest acts as a green embankment between the city and the SGNP. It sits in Goregaon as its crown of glory providing much-needed relief to its residents. This again has attracted several new residential projects in Goregaon that relishes in pristine environment landscaped with an alluring flora.
Reason 5: Ideal future
The ideal life in Goregaon has always been the locus of interest for real estate developers and investors. It has led to a rise in the residential projects in Goregaon. The real estate market trends in Goregaon have always shown growth. Compared to other localities of Mumbai, the Goregaon property market trend has always fetched better rental yield and appreciation in property rates. The Goregaon real estate market shows an upsurge of 15-20% appreciation in property rates in the last five years. This guarantees a promising return on investment in the location.
All these factors encourage the attraction of homebuyers and developers to Goregaon making it the best investment option in the current times.
