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Demand Continues to Grow for Properties in Andheri East

Andheri is one of the busiest and most sought-after suburbs in Mumbai, offering a good mix of commercial as well as residential properties. Locations like Poonam Nagar, Marol, J.B Nagar, Chandivli and Sakinaka in Andheri East have been witnessing steady residential property development.

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Demand Continues to Grow for Properties in Andheri East

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  1. Demand Continues to Grow for Properties in Andheri East Andheri is one of the busiest and most sought-after suburbs in Mumbai, offering a good mix of commercial as well as residential properties. Locations like Poonam Nagar, Marol, J.B Nagar, Chandivli and Sakinaka in Andheri East have been witnessing steady residential property development. In 2012, property rates in these areas hovered between 8000-15,000 INR per square feet, based on the location and quality of the project. Today, if you wish to buy an under construction 2BHK apartment in Andheri East, you might have to shell anywhere between 80 Lacs to 1.5 Crore INR. In some parts of Andheri East, a ready to move apartment spread in 680 square feet is being sold at 2 Crores and above. If you wish to buy a flat in Andheri East, you will have to spend anywhere between 14,000 to 29,000 INR per square feet. With the construction of metro line and lack of quality supply, rate for Andheri East properties has skyrocketed. Many real estate developers in Mumbai have lined up various residential and commercial projects in Andheri East, luring buyers with world class amenities and exclusivity. According to the real estate reports, properties in Andheri East will be witnessing a good appreciation due to metro connectivity, comparatively low base and access to the highway. Compared to Andheri West, properties in Andheri East hold better promises for buyers and investors. If you wish to make an investment in this part of Mumbai, you can check out the options available in Chandivli. This area has various townships and luxury apartments and it is also well- connected with Sakinaka. Besides residential properties, Andheri East also offers plenty of commercial properties. Since demand is keeping pace with supply, no major changes are expected in the capital value or rentals in Andheri East commercial properties.

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