Why is Andheri East Growing as a Commercial Real Estate Market?
- 7th Nov 2023
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There is Nariman Point, Lower Parel in South Mumbai, BKC in Bandra East - all popular commercial real estate hotspots in Mumbai. However, the Mumbai western suburbs have their own super commercial hub and one which is extremely popular: Andheri East.
Andheri East is on the rise in Mumbai's commercial real estate scene. Here's why:
High Demand and Modern Development: Mumbai's commercial sector is buzzing, and Andheri East is at the heart of this activity. The latest reports show a spike in office space leasing, mainly driven by the banking, tech, and engineering sectors.
Government Infrastructure Initiatives:
The local government is actively boosting the area's infrastructure. New roads and metro lines make it easier to get around, which is great for business.
Andheri East Leads the Way:
While Mumbai has several busy commercial zones, Andheri East is the top choice for many. It's not just about location; it's also about the infrastructure that keeps getting better.
Expert Insight: Aakash Patel from Atul Projects points out that Andheri East is a hotspot for innovation and opportunity. The area's market is booming, and their new project is drawing in investors. Rent prices are going up steadily, signaling a robust market.
Connectivity is King:
The area's network of transport options, including the metro and highways, makes it a magnet for businesses. This is crucial for a city on the move.
Close to the Airport: Being near the airport is a huge plus for companies that do business both in India and internationally.
Lifestyle and Convenience:
Andheri East isn't just for work; it's also becoming a place people want to live because of the ease of getting around and access to the rest of Mumbai.
In conclusion, Andheri East isn't just growing; it's thriving, reflecting Mumbai's spirit of progress and setting the stage for a future where businesses can flourish.
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