Andheri, Vile Parle and Santacruz are the three poshest localities of Mumbai, welcoming enough for the luxury and mid-priced real estate investments. When planning on buying your own house at a specified budget by considering the infrastructure, amenities and other such facilities, all of these localities stand-out among one another.
So, it becomes a mental conflict on which locality would reap you the most benefits, in terms of both investment as well as living experience. So, this article is dedicated to elaborate you on the strong zones of investing in all of the three localities.
Hence, it will help you make a better decision on whether you should invest in flats in Vile Parle,Andheri or Santacruz.
Investing in Real Estate of Andheri
When you talk about Andheri, the Western suburb of the locality has an average pricing of Rs. 27,000 per sq. ft. And, the Eastern suburb of the locality is thriving with an average property pricing of Rs. 19,000 per sq. ft. Both the suburbs are quite emerging in terms of investment potential, and the pricing trends aren’t going down anytime soon.
If your end goal is to secure your money and let it grow in the long run, then buy a property in Andheri, and hold onto it for at least ten years. Your money will grow exponentially! But, if you plan on attaining an astounding living experience, then Andheri won’t be disappointing you in that aspect either.
The western suburb of Andheri has a very fine-tuned connectivity, due to the planned positioning of the locality. The JVLR (Jogeshwari-Vikhroli Link Road), WEH (Western Express Highway), Andheri-Kurla road and SV Road are few of the connected roadways that link Andheri to different parts of Mumbai. It has two metro lines, and the locality is also close to Mumbai’s international airport.
There are some of the world-class malls, educational hubs, healthcare facilities and recreational centres in Andheri. Some of the nearby employment centres include BKC, Saki Naka, Bandra, Goregaon and Oshiwara. The area has some of the profound residential apartments, customised to meet the lavish needs of homebuyers. You get the value for the price you pay!
Investing in Real Estate of Vile Parle
Vile Parle is the Mumbai locality that gives this city some of the best residential apartment buildings of all time. The average pricing around this locality is around Rs. 35,500 per sq. ft. Just like most of the places in Mumbai, Vile Parle is also divided into Eastern and Western suburbs.
Considering the pricing trend, the average rate per sq. ft. has consistently increased over the past few years, and this pace is about to continue further. By comparing the suburbs, it is affordable to buy a 1/2 BHK in Vile Parle east than buying the same in the Western suburbs. But, the amenities, infrastructure and other facilities are available at balanced intensity across both suburbs.
The reason for the pricing being so premium for flats in Vile Parle, is its extremely close proximity to the ChhatrapatiShivaji International Airport. It is less than a kilometre away from the locality! So, people who are avid travellers and hate being stuck in Mumbai’s traffic on their way to the airport, will love this place.
Following that, there are various bus stops out here in Vile Parle that connect the locality to other parts of the city. Thus, it will make things easy for the frequent city commuters. Chembur Link Road, Chakala Road and other such connected roadways, connects Vile Parle to major employment hubs such as Andheri East, Vikhroli and Bandra. Moreover, you also get schools, malls, parks, hospitals, restaurants and many more social infrastructure facilities for you to count on investing in this locality.
Investing in Real Estate of Santacruz
If you want pure luxury abodes for you and your family, then Santacruz has some of the top apartment buildings with charismatic homes to make you awestruck. The Western suburb of Santacruz is more advanced in terms of infrastructure and developments, which is why most homebuyers stick to it for their investment demands.
Santacruz West has been polished and developed over several years. Today, this place is a wonder in Mumbai and all of India for its astounding infrastructure, connectivity and lifestyle. The average pricing per sq. ft. in Santacruz West is around Rs. 41,000. The maximum pricing goes up to Rs. 76,500 per sq. ft., mostly in the sub-locality of Tagore Road or Vithaldas Nagar.
Excellent transportation is one of its USPs, through proximity to the western line, WEH, Bandra-Worli Sea Link and SV Road. If you want to travel to Navi Mumbai, Thane or eastern suburbs of various localities in the city, you can take the SCLR (Santacruz-Chembur Link Road) for the purpose. It is just around 5-kms from the Mumbai international airport, making it the second best USP of the locality.
The place has some of the top infrastructure facilities in all of Mumbai and India, out of which some of the big names include Lilavati Hospital, JamnabaiNarsee School, Acme Mall and few entertainment spots. The upcoming MML3 (Mumbai Metro Line 3), which will connect Colaba to Bandra to SEEPZ, will further enhance the connectivity of Santacruz. Thus, it is definitely one of the most lucrative investment hubs.
Now, you have a vivid picture of the real estate overview of all the three localities. So, considering your budget, your infrastructure preferences, needs on facilities and other such considerations, you can opt for the choice that’s best suitable for your needs.
And when you have made up your mind, make sure you turn up to Blox, to get started on filtering out the properties for the next stage of your investment selection. At Blox, you get a comprehensive list of properties from top developers, with all associated details for you to make a quick decision. Following that, you can also book a site visit to get a closer look at the property you just shortlisted!