MUMBAI: Situated in the western suburb of Mumbai, Andheri has come a long way from being just a suburb. Today, the locality is one of the most populous suburbs in Mumbai and is bustling with commercial as well as residential developments. Like any other suburb in the city, Andheri is also divided into east and west zones by the railway line. Both the zones today, are identified as prime real estate destinations that command attention from homebuyers, of course for different reasons. Andheri west is the older suburb and is purely residential.
Home to several film studios and artists, the west part of Andheri is more upscale than east. This is also reflected in the average capital values of the localities. While values in Andheri west vary from Rs 16,600-22,000 per sq ft, in east, these hover between Rs 13,350 and 16,650 per sq ft. “Presence of slums in Andheri east as compared to west, has also led to comparatively lower capital values in the east. Moreover, the heavy traffic snarls that have become a common fixture in the east, also keep the capital values lower than west,” says Ashwani Kumar of Property Fete Real Estate.
Moreover, even though residential development has picked up in Andheri east, it essentially began developing as a commercial centre. If Andheri west is known for its lavish lifestyle and elite habitants, establishment of industrial milestones such as the MIDC and SEEPZ, have defined real estate developments in Andheri east. Accordingly, the demographics of the two localities differ. Unlike the west, east witnesses demand from the middle and upper class homebuyers.
Demand statistics for these two localities revealed that 1-BHK units were most preferred in Andheri east while Andheri west was more inclined towards 2-BHK units. Supply trends in the two zones also vary. Even though 2-BHK units are the most supplied configuration in both, east witnesses more supply for smaller housing units. As per data with MagicBricks.com, nearly 70 per cent of the total stock in Andheri east consisted of 1 and 2-BHK homes. In west, even though, 1 and 2-BHK units formed the core of the supply, it depicted a much larger inventory for 3 and 4-BHK units, as compared to east, with nearly 40 per cent availability. As far as connectivity is concerned, Andheri east has the upper hand. It is better connected through the Western Expressway and the airport is also present in the east itself.
Further, Dilip Kawathkar, joint-project director, Mumbai Metropolitan Region Development Authority (MMRDA), says, “Andheri east would be soon connected by the Metro, which will be operational by the end of 2013. With the Metro coming up here, the area is going to grow further.” Further, the Jogeshwari-Vikhroli Link Road (JVLR) has eased accessibility to the MIDC and SEEPZ.
Several developers such as Hiranandani Group, Kanakia Group, Crescent Constructions, DLH Developers, Akruti Builders, Oberoi Realty, etc., have already set base in the two zones in the last few years. Thus, whether one chooses to live in Andheri east or west is purely a question of one’s budget and requirement of being in close proximity to work places.