Buying a house is time-consuming and a difficult decision one makes in his/her life. But, one step at a time can lessen your load. Once you have a clear picture of your requirements and know your budget beforehand, you can further head towards the property hunt. If you are planning to invest in the suburbs of Mumbai like Goregaon, you should be enlightened about the recent developments. With rapidly growing infrastructure, the demand for properties in Goregaon West is also increasing.
Today, Goregaon has left behind its arid image and has emerged into a well-provisioned, well-facilitated location for property buyers. With new developments that have managed to surpass the old city center areas, Goregaon has turned into a real estate hotspot. Observing the pace of development and various advantages this place offers, commercial companies are also setting up branches in Goregaon.
Both the areas of Goregaon, i.e. Goregaon East and Goregaon West are ideal for real estate investments. Because of this, almost every real estate company has a project in various corners of Goregaon. Few real estate developers even have well-furnished flats in Goregaon West for sale. A stretch of six kilometers from Jogeshwari East to Goregaon East has become a hub for residential projects.
In an addition to the aforementioned facts, here are few more features that make Goregaon an ideal place for real estate investment:
Today, Goregaon has left behind its arid image and has emerged into a well-provisioned, well-facilitated location for property buyers. With new developments that have managed to surpass the old city center areas, Goregaon has turned into a real estate hotspot. Observing the pace of development and various advantages this place offers, commercial companies are also setting up branches in Goregaon.
Both the areas of Goregaon, i.e. Goregaon East and Goregaon West are ideal for real estate investments. Because of this, almost every real estate company has a project in various corners of Goregaon. Few real estate developers even have well-furnished flats in Goregaon West for sale. A stretch of six kilometers from Jogeshwari East to Goregaon East has become a hub for residential projects.
In an addition to the aforementioned facts, here are few more features that make Goregaon an ideal place for real estate investment:
- Earlier, people were afraid to invest in the Goregaon suburb but over a period of time, things have changed a lot. Today, Goregaon is closer to high-end suburban areas like Andheri and Powai and with that people have started investing in this suburb of Mumbai.
- Goregaon is just 100 meters away from the Western Expressway, that makes travelling easy for daily commuters. There are many hospitals, schools and entertainment options nestled in this suburb. Also, with huge shopping Malls in Goregaon West, shopping becomes easy for the locals. With easy access to transportation and other facilities, even high-end customers have started investing in Goregaon.
- Buyers are more attracted towards residential properties in Goregaon East as the availability of ready-to-move-in units is high in this area. Today, investing in Goregaon is the best option as rates are expected to rise in the upcoming years. It is said that in next five years the property rates in Goregaon may reach Rs.20000 per square feet.
- Goregaon is primarily know as a middle-class locality but it is also a home for famous film studios like Filmistaan and Film City. With the development taking place in Goregaon, capital appreciation of 40%-60% is expected for residential properties in this area.
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