Residential Properties in Andheri

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Rustomjee Central Park Business Spaces

Andheri-Kurla Road, Chakala, Andheri (E) Spaces from 497 sq ft. to 1291 sq ft.

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Andheri is an upscale neighbourhood located in the western part of Mumbai. The area is known to be vibrant and desirable for a wide range of properties. It provides a unique variety of housing options, from elite apartments to reasonable housing, perfect for all families and working professionals.

Also, Andheri is well-connected via railways and roadways, providing quick access to major commercial hubs, entertainment spots and schools. Whether you seek a cosy 1 BHK flat or a spacious 3 BHK, Andheri has everything for everyone. Let’s explore more about residential properties in Andheri.

Why Andheri is a Prime Location for Residential Properties

Andheri is known to be a prime suburban location for various reasons, which are as follows:

Strategic Location: Andheri boasts a central location, offering simple accessibility to the eastern and Western suburbs. It is well-connected via the Andheri-Kurla Road, Western Express Highway, and the Versova-Ghatkopar Metro Line, which makes travelling across various parts of Mumbai a lot easier.
Connectivity to Commercial Hubs: Andheri has many commercial spaces, including Andheri East, which is home to many multinational organisations. Along with neighbouring hubs like BKC, making it a sought-after choice for many professionals.
Infrastructure: Andheri has developed infrastructure connectivity, comprising quality roadways, enhanced modes of public transport, electricity, and water supply. Also, it has reputed schools, healthcare centres, and shopping venues, which make it an attractive choice among families.
High Residential Demand: Being a well-developed location in the heart of Mumbai, Andheri lures a large category of buyers and investors to cater to middle-class families and HNIs. The easy accessibility of a diverse category of housing options enhances the overall appeal of the area.
Lifestyle and Entertainment Spots: Andheri is home to many restaurants, cafes, entertainment spots and malls. Also, it lies in proximity to Versova Beach and Juhu Beach, which increases its demand as a residential area.
Real Estate Growth: Andheri has witnessed stable real estate growth over time. The advent of new infrastructure projects and commercial spaces leads to an increase in demand for luxurious apartments.
Healthcare and Educational Facilities: Andheri provides prompt access towards some of the best educational and healthcare centres in Mumbai that are preferred among families who seek a balanced way of living.

To sum up, Andheri blends infrastructure, connectivity, business opportunities and the overall standard of living, which makes it an attractive location for residential properties.

Why Invest in Residential Properties in Andheri?

Investing in residential projects in Andheri represents an assuring opportunity because of its strategic positioning, developing infrastructure and rising demand for owned and rental housing.

Andheri is one of the favourite locations among affluent buyers and investors that offers a unique blend of residential, commercial and recreational spaces, thus attracting a distinct blend of families, professionals and investors.
The area is well-connected to many business hubs, offers excellent connectivity, and has a strong growth potential for long-term capital growth, which makes it a lucrative choice for long-term investment.
Whether you are looking to derive property value growth, rental yields or both, Andheri has a dynamic real estate market and has positioned itself as a prime investment destination in Mumbai.

Lifestyle Benefits of Living in Andheri

Residing in Andheri offers a lucrative blend of connectivity, vibrant lifestyle and convenience that makes it one of the most attractive locations in Mumbai. Here’s how:

Vibrant Sense of Community and Diverse Culture: Andheri boasts a rich lifestyle driven by its vibrant sense of community, particularly in Oshiwara and Lokhandwala. These locales have a dynamic communal spirit, with events taking place frequently, neighbourhood activities and festivals.

This can be a great way to bring people from different walks of life together to create a cohesive vibe. The combination of local and global cuisines facilitates the creation of a unique living experience.

Unparalleled Connectivity to Important Nodes of Mumbai: This is one of the most appealing factors of living in Andheri. Whether you are planning to head towards South Mumbai, Bandra, Powai, or Goregaon - Andheri’s extensive connectivity via roads, metro lines, and railway stations is simply unmatched, which ensures that you always stay well connected to various prime locations of Mumbai.

Also, the Andheri Metro Line connects crucial areas like BKC and Ghatkopar, thus reducing the commute time to a great extent, even during busy hours.

Unique Combination of Serene Residential Areas and Active Commercial Spaces: The unique appeal of Andheri comes from its ability to efficiently link calm residential areas with active commercial zones. As areas like Lokhandwala and Andheri West provide a quiet living experience, Andheri East, on the other hand, is home to various business and commercial spaces, offices and tech hubs.

Thus, it enables residents to make the right choice between a serene living area while also staying close to commercial regions to make the best use of corporate opportunities.

How to Choose the Right Residential Property in Andheri

Here’s a step-wise guide to help you get started towards selecting the right property in Andheri:

Plan Your Budget: The initial step in the entire process is to decide on your budget. Residential apartments in Andheri differ significantly in price as per the location, amenities and property type.

Determine if you are seeking affordable housing, a mid-range apartment or a luxurious flat, as this will have an impact on your choices and future decisions.

Location: Andheri is a huge area and is connected to distinct neighbourhoods, each providing a distinct set of advantages. While choosing the correct property, assess your travelling needs and connectivity to schools, recreational areas and hospitals.
Get in Touch With a Real Estate Agent or Locals: Before arriving at a conclusion, consider speaking with real estate agents or locals to familiarise yourself with the area. They can offer guidance and insights that can help you evaluate the local amenities, neighbourhood’s lifestyle and other potential concerns you might not have come across during your visit.

Conclusion

Andheri continues to maintain its legacy of being one of the favourite residential spots in Mumbai due to its brilliant infrastructure, excellent connectivity and a broad variety of housing options to choose from. The rising demand for residential apartments and ongoing developments assures constant growth in property values, thus making it a smart investment choice.

Rustomjee proudly presents premium residential properties designed to offer an unparalleled urban lifestyle while fostering a strong sense of community. Start your investment journey with us and take the right step toward your dream home.

FAQs

1. What is the price range for residential properties in Andheri?

The price range for residential properties in Andheri ranges from Rs. 15,000 to Rs.30,000 per square foot, according to the property type and location. Premium apartments or properties in prime localities like Andheri West can go above Rs.30,000 per square foot, whereas other affordable choices in Andheri East may fall in the lower price range.

2. Which areas in Andheri are best for luxury residential properties?

In Andheri, the best areas for investing in luxurious residential properties are Juhu, Versova, and Oshiwara. These locations provide elite developments, connectivity to the beach, posh amenities and brilliant connectivity. Also, Andheri West’s Seven Bungalows and Lokhandwala are well-known for offering elite properties, top-notch social infrastructure and a dynamic way of life.

3. What amenities are typically offered in upscale residential projects in Andheri?

In Andheri, premium residential projects offer several amenities to enhance luxury and comfort. Some of the most common amenities include swimming pools, fitness centres, gyms, gardens, private parking areas, kids’ play areas, spas, power backup systems, commercial centres for work-related commitments and high-end retail stores.

Disclaimer: KEYSTONE REALTORS LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its Equity Shares and has filed the RHP with RoC on November 5, 2022. The RHP shall be available on the website of SEBI at www.sebi.gov.in, as well as on the websites of the Stock Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, and is available on the websites of the BRLMs, i.e. Axis Capital Limited and Credit Suisse Securities (India) Private Limited at www.axiscapital.co.in and https://www.credit-suisse.com/in/en/investment-banking-apac/investment-bankingin-india/ipo.html, respectively. Any potential investor should note that investment in Equity Shares involves a high degree of risk. For details, potential investors should refer to the RHP, including. the section entitled "Risk Factors" beginning on page 34 of the RHP. Potential investors should not rely on the DRHP filed with SEBI for making any investment decision.

The Equity Shares offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or any other applicable law of the United States and, unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Accordingly, the Equity Shares are only being offered and sold (i) within the United States only to persons reasonably believed to be °qualified institutional buyers" (as defined in Rule 144A under the Securities Act, "Rule 144A") in transactions exempt from, or not subject to, the registration requirements of the Securities Act, and (ii) outside the United States in offshore transactions in compliance with Regulation S under the Securities Act and pursuant to the applicable laws of the jurisdictions where those offers and sales are made. There will be no public offering of the Equity Shares in the United States.

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