Real Estate Investment in Andheri to Pay off Premium Soon
It goes without saying that investor flats located in any flagship residential project or older townships mostly belong to those who are living in foreign countries for a few years or NRIs. Only those people who are earning in dollars can generate such a great income to invest in real estate. There are different businesses that can make such a huge investment. It is mostly the Indians or NRIs from salaried class in foreign countries can find a great investment opportunity in real estate. Most of them are investing in new residential developments in the city of Mumbai.
Several suburbs have become fruitful for real estate investment in Mumbai over the years, and Andheri is one of them. It is among the largest suburbs of Mumbai (both east and west parts). It enjoys great connectivity to most suburbs of Mumbai. Whether it’s the town side or western suburbs, you can enjoy connectivity through local trains and BEST Buses. The Metro trains are providing connectivity on central side. For NRIs and those who don’t like prolonged intra-city travel, the best thing about Andheri is that it is close to Chhatrapati Shivaji International Airport Mumbai and it enjoys great international exposure. A foreign investor can easily check their flat in Andheri whenever they fly to Mumbai. A lot of countries have superior connectivity from Mumbai international airport.
Along with proximity to airport and great connectivity, Andheri is a prime location due to several other factors for various types of investors. The price of investment is one of the major considerations. According to the timing, you may expect to see these price ranges to invest in homes located in Andheri.
As of 2016, the property prices in Andheri East are ranging from Rs. 13,500 psf to Rs. 20,500 psf. In 2010, it was Rs. 9500 psf to Rs. 11500 psf.
In Andheri West, you may expect to bear around Rs. 16000 psf to Rs. 28,500 psf in 2016. In 2010, it was Rs. 13500 psf to Rs. 15200 psf.
Andheri is enjoying phenomenal growth of real estate investment and the property rates are consistently increasing year after year.
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