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Goregaon has metamorphosed from being a sleepy suburb to a concrete jungle within a short span of time is nothing short of remarkable. The real estate market of the area has been dynamic over the past few years, and still continues to climb the growth scale. Goregaon East has witnessed an extensive demand for 1 and 2BHK units. Properties worth as high as Rs. 1.5 crores have also been the best sellers. Supply of such properties is low in the market, as new inventory is limited. The properties with just top floors across projects are available, which cost no less than Rs. 2 crores, and thus have just a few takers. Buyers considering long-term investments can look out for land here, however prices are quite high. There is a lack of fresh stock and availability of ready-to move-in units in the areas like Jogeshwari, and thus, Goregaon East has attracted a lot of end-users. Prices are expected to go up soon in near future. Location Located on the Western line, Goregaon is sits between the Link Road, SV Road and Western Express Highway. Because of affordable capital values as compared to other parts of Mumbai, a number of builders have chosen to invest in Goregaon. This has led to increased number of new launches, in both of affordable and premium segments. Take a look at a few of them. Lalani Grandeur Lalani Grandeur is the new address for those considering investing in super-luxurious residential project in Goregaon (East) - Mumbai Andheri-Dahisar. A brainchild of Lalani Group, Lalani Grandeur brings in smartly designed 1 – 3 BHK apartments. The 1 BHK apartments have a built area of 406 - 650 sq. ft., and are priced between Rs. 85 lakh - 1.1 crore. 2 BHK apartments have a total area of 606 - 970 sq. ft., and have a price bracket of Rs. 1.24 - 1.5 crore, while 3 BHk are largest at 932 - 1495 sq. ft., with a price tag of Rs. 1.8 - 2.3 crore. Lalani Grandeur is a ready to move in project. Omkar Ananta Omkar Ananta is a luxurious residential project from the house of Omkar Realtors and Developers Pvt. Ltd. Offering meticulously designed 2BHK and 3BHK residential apartments, the project is ready to move in. Omkar Ananta is spread across 1 acres and brings in a total of 100 residential units. These 2 BHK apartments have a total area of 974 - 1242 sq. ft., and are priced between Rs. 1.37 - 1.47 crore. Expert Speaks Dr. Samantak Das, National Head - Research, Knight Frank India, suggests that a number of top quality projects are coming up in Goregaon. According to Goregaon's strength are its connectivity and social as well as retail infrastructure. The city is well connected through the Link Road and the Western Express Highway. Due to its nearness to retail outlets, offices and schools as well, there has been a good amount of absorption. Rashmi Karan is a writer and illustrator. Her areas of interest are the area and city specific real estate scenario of the Indian cities. Her articles about the real estate offer exhaustive information on the related topics.
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