
Situated on the western lines of the Mumbai suburb, Goregaon has lately emerged as the most popular hotspot for real estate investment in the city. But if we look back a few years ago, Goregaon was just an old neighbourhood with plenty of flora and fauna and most of the new real estate projects were restricted to areas like Andheri and Bandra only. So what made this suburb suddenly gain appeal and emerge as one of the prime residential markets, attracting homemakers and developers alike? Let’s have a look at the main reasons that have made Goregaon the hottest development area in recent times:
Uniquely positioned between the Western Express Highway and the Link Road, Goregaon offers excellent connectivity to other areas of the city. With the Western Express Highway, Chhatrapati Shivaji International Airport, AC buses, and Metro line close to the suburb, Goregaon allows easy commuting of the residents to other parts of the city. Another USP of this suburb is that it connects Andheri and Borivali, the two most popular localities of the city. The superb connectivity reduces commuting woes for all residents, especially working professionals.
Another reason that makes the idea of living in Goregaon alluring enough is that it has a thriving commercial real estate market along with the residential market. You can find several office projects in and around the locality and many others mushrooming constantly. This makes this place ideal for corporate professionals who can also benefit from the walk-to-work (w2w) culture here. Significant employment hubs that you can find here include Nirlon Knowledge Park, Film City, NESCO, Lotus Corporate Park, and SEEPZ. Emerging as the most convincing walk-to-work suburbs, Goregaon attracts many buyers who prefer buying luxury apartments and flats in Goregaon.
The well-developed social and physical infrastructure is also a reason that has made Goregaon the most sought-after suburb in Mumbai. You can find some of the best schools, colleges, restaurants, malls, and healthcare facilities here. The area also has popular entertainment hubs, gaming zones, and parks which makes it an attractive housing option for buyers.
Moreover, the nearby areas such as Bandra – Andheri, and Powai are unaffordable for many when compared to the property prices in Goregaon. Hence a luxurious 2 BHK in Goregaon is a better option for many as it is quite affordable. Real estate developers are also coming up with projects that offer high-quality housing options in these areas, equipped with all the amenities not available previously.
All in all, Goregaon has seen a credible economic growth in terms of commercialization, employment, and infrastructural development. The real estate developments in this area too promise the right blend of comfort and convenience. All these factors make it perfect for a holistic living experience, where residents can fulfil all their lifestyle needs.
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