Aug 26, 2015

Posted by in Real Estate | Comments Off on Ghatkopar witnesses a boom in real estate

Ghatkopar witnesses a boom in real estate

Ghatkopar witnesses a boom in real estate

If you’ve been looking for an under construction commercial project in Ghatkopar, chances are, this is the best time to invest! This is mainly because of the rising prices and the possibilities of prices spiraling up to unmanageable limits in the near future. Ghatkopar has witnessed huge growth in the recent past with both rental and capital values going up tremendously in the locality. This growth has been to the tune of nearly 50% which is stunning to say the least! This growth in prices has happened over a period of only three years as per reports and other statistics. Several landmark projects are now being developed in Ghatkopar along with several infrastructural developments. Upon completion of the latter and delivery of the former, values in Ghatkopar should be rising by at least 10-15% more in a period of six months to one year. This is why you should look to purchase property in this locality before prices go out of hand.

Demand for an under construction commercial project in Ghatkopar will always be pretty high from several corporates and businesses owing to several infrastructural and connectivity benefits here including the VAG or Versova-Andheri-Ghatkopar corridor and the first ever metro railway link in Mumbai. The corridor links the locality to areas like Chakala, Sakinaka, Andheri, Airport Road, Azad Nagar and the Western Express Highway. The Eastern and Western suburbs of Mumbai are also linked by this corridor. This corridor is expected to put Ghatkopar on the fast track in terms of commercial development. The functionality of the metro railway link proved to be the biggest boost for commercial markets in the area as commuters would earlier have to travel to Dadar and change trains to reach their workplaces in the Western Suburbs which are directly accessible through the metro route now. Travelling time between Ghatkopar and Versova is now down to only 20 minutes as compared to approximately 90-100 minutes earlier.

Any under construction commercial project in Ghatkopar will definitely see huge buyer attention and interest on account of easy access to several prime business destinations in Mumbai along with huge livability and lower traffic congestion on roads. Several schools, banks, hospitals, malls and restaurants are also located in the area. Rental values in Ghatkopar are still lower as compared to Andheri even though prices of properties and rentals have increased substantially in recent times.

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