Mumbai, India’s commercial hub, is also the country’s most important real estate market. Due to the scarcity of open land, it is one of India’s most expensive real estate markets. However, Mumbai continues to be the most lucrative and appealing destination for real estate investment, both in commercial and residential properties.
Goregaon has seen a lot of commercialization in the last several years. Goregaon’s economic boom, combined with infrastructure improvement, has made it a sought-after Mumbai neighbourhood. Buses, taxis, auto rickshaws, and railways are among the many modes of transportation available in the area. IBM India Pvt Ltd, Abbott India Ltd, and Aegon Religare Life Insurance are among the main companies with offices in Goregaon. The Lodha Group, Oberoi Group, and Rustomjee Group are among the major builders in the area.
Reasons For Growth In Goregaon:
Connectivity a key factor for Residential Properties in Goregaon and the surrounding areas
The neighbourhood is close to two of Mumbai’s most well-known neighbourhoods, Andheri and Borivali.
Goregaon railway station and Malad railway station are the closest stations.
The Chhatrapati Shivaji Maharaj International Airport is the closest airport.
It is close to the Western Express Highway and the Jogeshwari-Vikhroli Link Road (JVLR).
Education & Entertainment In Goregaon:
Goregaon offers its citizens a wide range of social services to help them live a happy and tranquil life.
Ryan International School, St Xavier’s High School, St Thomas Church, Royal Academy School, and others are among the schools in Goregaon.
Life Line Medicare Hospital, Sai Sparsh Critical Care Center, Matushree Gomati Hospital, Vasudha Hospital, and Vishwakripa Hospital are the prominent hospitals in Goregaon.
Apart from that, it offers recreational opportunities and is close to a number of banks and ATMs.
Many premium retail malls, such as Oberoi Mall, HUB Shopping Mall, Inorbit Mall, and Icon Mall, are located in the area.
Reasons To Invest In Goregaon:
Given the rapid growth in property prices for apartments in Goregaon and the clear growth in demand, the area is certain to be an excellent investment in the future. Goregaon is a sought-after working and living location in Mumbai due to the presence of commercial offices in and around the area.
In Mumbai, the residential market is a highly sought-after market. Investors aim to actively participate in residential properties in Goregaon to earn strong returns on their investment, with a steady demand for residential dwelling on lease and price appreciation over the long-term. Immovable property, as an asset class, has always provided higher long-term returns than other asset classes and is also a safer investment.
Goregoan’s burgeoning commercial activity makes it a desirable location for commercial real estate investment, which offers a substantially greater rental yield than the residential market. Investors also like to invest in pre-leased commercial buildings because the rental revenue begins on the first day and the risk is minimised.
Overall, Goregaon’s substantial business activity has always been a key driving force for real estate developers in Mumbai, both commercially and residentially. The demand for larger and better residences is always present as the urban class’s household income rises, and it drives the Mumbai real estate market. Real estate, like the rest of the economy, was affected by a pandemic. When unlocking began to occur, though, it quickly recovered. Demand for bogger homes is also being driven by the expanding habit of working from home.
