Dedicated locality research platform
Dedicated locality research platform
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Goregaon West, situated in the western part of Mumbai, India, is a thriving suburban enclave within the Mumbai Metropolitan Region (MMR). Its prime location along the Western Express Highway ensures excellent connectivity throughout the city. Goregaon West offers a wide range of housing options, from upscale apartments to more budget-friendly residences, catering to diverse residents.
With close proximity to key business districts like Bandra-Kurla Complex (BKC) and Andheri, Goregaon West is a preferred choice for professionals and families seeking a convenient urban lifestyle. Its real estate market demonstrates consistent growth, emphasizing its popularity as a desirable living and investment destination in Mumbai.
Let’s take a closer look at the deal activity in Goregaon West between 25th September 2023 and 1st October 2023. In this week there were a total of 16 transactions that transpired in the locality signifying its appeal in the western suburbs region. Out of these there were 10 unique buildings under which the sale deeds were registered. Chandak 34 Park Estate leads the way in Goregaon West by registering 6 deals in itself. Siddha CHSL came in second position by closing 2 deals in the building. The other 8 buildings only registered a single deal for this week. The popularity of Goregaon West is unsurprisingly high as it boasts renowned developers such as Sunteck, Kalpataru, Chandak and many more.
Moving on to the most expensive transaction for the week, it took place in Sunteck City 4th Avenue in terms of transaction value of Rs 3.06 Crores as well as in terms of rate per square foot of Rs 29500/- While the lowest transacted value for this week happened in Sanskruti CHSL for 25 Lakhs for a rate per square foot of a mere Rs 9,300/- The highest carpet area for the week belongs to Kalpataru Radiance registering a 1,428 square foot and on the contrary Sanskruti CHSL had the lowest carpet area of 269 square foot. The median for this week stood at 549 square foot.
In this week 50% of the flats sold were in the range of 1-500 square feet, 31% or 5 flats were in the range of 501-1000 square feet and 3 flats registered were between 1001-1500 square feet range. This clearly helps us understand that more and more people are looking for bigger homes which is quite a luxury considering the nature of Mumbai real estate market. This week 69% of the homes had their sale value above the Rs 1 Crore mark. This demonstrates that Goregaon West offers affordable housing but there are still niche projects that are up for grabs for the very elite wanting to make this locality their home.
In conclusion, Goregaon West is a vibrant and multifaceted locality within the city of Mumbai. Its strategic location, excellent connectivity, and diverse housing options make it an attractive choice for residents and investors alike. The well-developed infrastructure, educational institutions, healthcare facilities, and recreational opportunities contribute to its self-sufficiency, enhancing the quality of life for its residents. Its proximity to key business districts and a real estate market that continues to grow make Goregaon West a quintessential urban living destination in the Mumbai Metropolitan Region. As it continues to evolve, this suburban enclave remains a prime choice for those seeking convenience, affordability, and a thriving community in Mumbai.
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