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Cited in the fringes of North Mumbai, Goregaon is now an important real estate hub of Maharashtra. With some recognizable infrastructural developments and construction activities in place, Goregaon has been successful in attracting a big number of investors as well as end users to put in their money for the great returns on investments. Boasting of some open spaces and the green belts, this locality is a perfect place to reside. The realty market of Mumbai has witnessed a slowdown, and in such a situation, suburbs like Goregaon East have marked a remarkable growth and has witnessed a good number of residential properties in in the year 2014-2015. You can differentiate the prices difference here with the fact that you have to pay somewhere around Rs. 30,000-50,000 per sq. ft. for even small sized apartments in South Mumbai, making it very very tough for the mid income buyers to put money in. Goregaon has the opportunities galore because of its strategic location. It is well connected to the other parts of Mumbai through the Western Express Highway, Link road, and the arterial Jogeshwari-Vikhroli Link Road, connecting the eastern region to the western part of Mumbai. Besides, Goregaon is located between Andheri and Borivali, thus making it an important city center. The New Launches Residential segment of Goregaon has witnessed some increased property demands from the middle and higher income groups. Affordability and connectivity drive the demands from the buyers largely. Taek a look at some of the popular residential projects in Goregaon East. Royal Palms Royal Palms India has launched a new project named Royal Palms in the promising locality of Goregaon East, Mumbai Andheri-Dahisar. Offering the best of industry specifications, this project is quite popular among the homebuyers. Invest in the thoughtfully designed 1 - 3 BHK apartments and villas. Royal Palms is a ready to move in project which offers homes available in the size range of 241 - 1700 Sq. Ft., and are priced between Rs. 21 lakh to 1.85 Crore. Mantri Park Under the branding of Mantri Realty, Goregaon (East) is all set to welcome a new premium project named Mantri Park. It is a thoughtfully designed aesthetic residential project, offering 1 - 2 BHK apartments. Equipped with the best of industry specifications, Mantri Park brings in wishfully designed homes having an area range of 350 - 970 Sq. Ft. The price bracket for these homes is Rs. 42 lakh to 1.45 crore, and these are ready to move in project. Mantri Park consists of 17 and 18 storied residential towers. Expert Speaks Samantak Das, Director, Research & Advisory Services, Knight Frank India suggests that Goregaon is the most sought after residential location near Mumbai. The sound social infrastructure of quality education, health and retail is an advantage due to its good connectivity. Goregaon assures of converting industry zones into commercial zones, which is a plus pint for the businesses as well. This has resulted in the increased capital values, and the trend is expected to continue in future as well. Rashmi Karan is a professional writer who writes about the realty industry of India and focuses on offering location-specific information of the cities.
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