Factors Driving The Growth Of Commercial Real Estate In Andheri

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Factors Driving The Growth Of Commercial Real Estate In Andheri

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A strategically located suburb in Mumbai, Andheri is emerging as a real estate hotspot. While the residential sector is booming with premium and luxury properties, the commercial sector is also following suit with the growth of offices, co-working spaces, and retail outlets. Let’s dive into the reasons that explain why Andheri is a real estate destination.

7 factors driving commercial real estate growth in Andheri

The real estate market is dynamic and is influenced by various factors such as economic conditions, government policies, and local development initiatives. Andheri, at present, is witnessing exponential real estate growth and here is a run-through of a few factors responsible for this growth.

Connectivity

Andheri enjoys excellent connectivity with other parts of Mumbai through robust air, road and rail networks. Andheri railway station is well connected to western and harbour lines while the Chhatrapati Shivaji Maharaj International Airport is just 7 km away.

Presence of different industries

Andheri is home to myriad industries including information technology, entertainment, media and finance. The presence of diverse industries has increased the demand for commercial real estate in Andheri.

Infrastructure development

Ongoing infrastructure development projects, such as the Mumbai Metro contribute to enhanced connectivity within Andheri and to other parts of the city. Such infrastructure improvements attract businesses and investors, leading to growth in commercial real estate.

Multiple business hubs

Owing to its excellent connectivity, Andheri has become a preferred destination for businesses paving the way for the development of business hubs. MIDC in Andheri and proximity to other business hubs such as Bandra Kurla Complex (BKC), Santacruz Electronics Export Processing Zone (SEEPZ), and Lower Parel have earned Andheri a name in the list of leading commercial hubs.

Booming residential real estate

The growth of residential real estate in Andheri has propelled the demand for commercial real estate too. Individuals seeking work-life balance prefer offices in the same vicinity. This inclination towards a balanced lifestyle has led to the development of co-working spaces and mixed-used developments in Andheri.

Modern amenities and facilities

The presence of shopping malls, restaurants, hotels, and healthcare facilities enhances the overall appeal of Andheri for businesses and employees. Such facilities positively impact the demand for commercial real estate.

Startup ecosystems

Andheri is a rising startup hub that offers affordable workspaces along with a talented workforce. This makes it an attractive choice for entrepreneurs. The trend of flexible workspaces and co-working arrangements has been gaining popularity due to the proliferation of small and medium businesses.

Andheri-Kurla Road, Saki Naka, Chakala, Marol Naka, SEEPZ, Western Express Highway, Mahakali Caves Road, and Chandivali are the popular commercial areas within Andheri. Choosing the right location for your business involves considering multiple factors like modern infrastructure, amenities, and connectivity among others. Andheri is the culmination of these factors and more, making it a lucrative option for investors.

Explore a host of commercial properties in Andheri and select the one that fits your budget and fulfils your needs. Discover commercial projects of all types under one roof on our website. Compare prices, specifications and features to make an informed decision.

Article authored by: Team Proptranxact

Date: 3^rd January, 2024

Factors Driving The Growth Of Commercial Real Estate In Andheri

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