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ANDHERI - GOREGAON Corridor Description and Rating Areas Included: Andheri (West), Goregaon (West), Andheri (East) and Goregaon (East)

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ANDHERI - GOREGAON Corridor Description and Rating Areas Included: Andheri (West), Goregaon (West), Andheri (East) and Goregaon (East) Corridor of growth ANDHERI - GOREGAON Corridor Description and Rating Areas Included: Andheri (West), Goregaon (West), Andheri (East) and Goregaon (East) Fig 1: Map of the corridor 02 Corridor of growth (COG) About the Corridor Historic Development The area has also been historically blessed construction occupying at least 70% of the with strong transport linkages including the available residential land in the corridor. The The Andheri-Goregaon corridor is broadly Western Express Highway, Western line of old residential buildings are mostly Ground +2 enclosed between the Chhatrapati Shivaji the Mumbai Suburban Railway providing structures and are poorly maintained while International Airport in the south, the connectivity to both South Mumbai, the the new residential projects are all in the Sanjay Gandhi National Park in the north, northern suburbs and peripheral areas. upper-mid or luxury segments, providing a lot the Powai Lake in the east and the Versova of amenities. Beach and Malad Creek on the west. Much The New Link Road and the Swami Vivekanand of the development in the corridor is quite Road, also running from north to south, have Andheri East, closest to the airport, has old, existing from before 1990s. With the been instrumental in the development of witnessed development of a number of booming of the economy and rising prices residential areas on the west of the Western offices and hotels on both Sri Mathuradas of the commercial sector in South Mumbai line. While the corridor had excellent Vasanji Road and Guru Hargovindji Road and led to many corporate houses shifting to this North-South connectivity but the East-West houses corporates like Hindustan Uniliver and particular area. This provided less congestion, connectivity was abysmally poor. But this Glenpark. Areas along the western railway line proximity to the Airport, better connectivity also changed after the construction of the are congested due to lack of planning in these and less costly real estate for office space as Ghatkopar–Versova line, which has reduced areas. the East-West travel time by more than half. well as employee accommodation. As an area adjacent to the glamorous Juhu Though due to the presence of the airport, the area and having premium localities like The presence of Versova Beach on the western Western Express Highway witnesses traffic Lokhandwala Complex, Andheri West has seen side has led to many premium residential congestion during peak hours. developments like the Lokhandwala Complex. significant re-development in recent years Many new projects were started and Upcoming Infrastructure with luxury projects like Rustomjee Elements completed in order to attract home buyers. On which has apartments starting at Rs 10 the other hand, the eastern side of the corridor This will be further boosted by the crore and is already 70% constructed. Adani witnessed constrain in the development in construction of multiple metro lines and Western Heights, with apartments starting areas above the Jogeshwari–Vikhroli Link the elevated rail corridor. Currently, seven at Rs 3 crore, is also in the advanced stages of Road due to the special land use nature of the other lines are planned to be constructed in construction. the city of Mumbai of which four lines are area with forests and cattle ranges. The average prices for residential properties passing through the corridor. These lines currently under construction in Andheri West The Andheri-Goregaon corridor has four are the Dahisar-Charkop-Bandra-Mankhurd ranges between Rs 18,000-20,000 per sq ft major regions namely Andheri-East, Andheri- Metro Line, the JVLR–Kanjurmarg Metro Line, while projects in Andheri East are priced a West, Goregaon-East and Goregaon-West. the Dahisar E-Andheri E Metro Line and the notch lower at Rs 16,000-18,000 per sq ft. The Of the four regions, Andheri West is the Colaba-Bandra-SEEPZ Metro Line. Work on new properties that are under construction is most developed with a number of premium both the Dahisar-Charkop-Bandra-Mankhurd also providing modern amenities and facilities residential developments avaialble at ease Metro Line and the Dahisar E-Andheri E Metro for the home buyers here. while Goregaon East is the least developed Line is expected to start soon and will get due to a significant portion of its landmass completed by 2019. Preliminary Work on the In addition, there are also a number of under falling under the special land use. Colaba-Bandra-SEEPZ Metro Line has already construction hotels and offices in this area. started and is expected to be finished by 2021. This shows there is also development taking Present Infrastructure place in teh commercial space as well. The In addition, the plan to create an elevated roads are wider compared to Andheri East and The corridor has had strong infrastructure rail corridor between Bandra and Virar was the area scores high on social infrastructure linkages with many key infrastructure also proposed by the Rail Minister during the with a large number of hospitals, including the landmarks present here including the February rail budget this year. Work might famous Kokilaben Dhirubhai Ambani Hospital, Chhatrapati Shivaji International Airport and start as soon as August 2016. All these mass and the 2.5 lakhs Sq ft Infinity Mall. There are the Santacruz Electronics Export Processing transportation systems are going to change schools, parks, restaurants including other Zone (SEEPZ). with the mobility landscape of the corridor, facilities that are easily avilable in this corridor. While the airport has been a strong driver providing opportunity to its residents. of commercial real estate development in Development in West Goregaon is much newer Andheri East as well as along the Western Current Development than those of Andheri East and West, and these areas are also prime spots for residential Express Highway (NH-8), the SEEPZ led to The corridor is a mix of old and new many residential developments in the 90s era. and commercial real estate development. constructions with the old residential Areas on both the New Link Road and the 03 Corridor of growth (COG) Swami Vivekanand Road are mostly residential The average prices for residential properties in along with cheaper rentals compared to south and high-street. the locality hovers around Rs 13,000-15,000 and central Mumbai. There are number of new per sq ft. The commercial development here projects that are coming up in the commercial The key under construction developments in is mostly witnessed on the Western Express space, which is attracting investors. this area include the Ariisto Sommet, Imperial Highway, in areas like the CAMA Industrial Heights by Radius Developers, Kalpataru Estate. There is plenty of green space in the Radiance, HDIL The Meadows and Sunteck City Outlook area, which is an advantage for development Avenue. On an average, the area is Rs 1000- of this corridor, although the residential The corridor is a prime destination of 2,000 per sq ft cheaper than Andheri even developments near the Film city, on Aarey residential, commercial, retail and hotel though it does not lose out on the location. Road are mostly affordable in nature and but developments in the region and will benefit There is not much commercial development the area is little difficult to commute. greatly from the number of infrastructure taking place in the area, which is mostly in projects active here. New infratsructure Goregaon East. There is no quality mall in Commercial Development projects are already in pipeline such as Goregaon West although both the 6 lakh sq ft extension of metro line, railway line, including Inorbit Mall in Malad and the Oberoi Mall in Mumbai is quite desirable for commercial others. Goregaon East are close by. development. People from far away places However, the current state of traffic congestion migrate to the city for setting up their business Goregaon East has much less development seen on the Western Express Highway is for growth. In fact, many multinational compared to the rest of the corridor with a situation of concern and has resulted in companies are also having their presense in most of it being concentrated on the Western buyers shifting to Central Suburbs (comprising this city, which is helping to generate potential Express Highway and in areas near the Film localities like Mulund and Kanjurmarg) for new employment and revenue for the state of City. The leading developers such as Oberoi home purchases. The corridor does not have Maharashtra. Majority of the commercial Realty, Omkar, Lodha Group and Paranjape any land availability, which is also a concern. development on the corridor has been Schemes have luxury residential projects under But one thing is vital to know about this mushrooming on the narrow stretch of land various stages of construction in the micro corridor is that most of the ongoing projects on both sides of the Western Express Highway, market. The home buyers are also showing are re-developments, providing limited scope benefiting from the connectivity provided by immense interests in these properties. for future development. But, the area is rated the expressway and proximity to the airport, high on social infrastructure. Overall Connectivity Social Infrastructure Security/Water Properties available in the corridor he corridor offers a significantly wide of properties here is Rs 80 lakh, making all points of upto Rs 2.5 crore, post which the variety of price ranges, much more than the properties fall in the luxury category contribution to the total pie starts diminishing Tin any other growth corridor across and making this the only corridor catering for each price segment. The corridor is in a India and which also has properties costlier exclusively to the luxury segment. The well-developed part of Mumbai and majority than in any other corridor.
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