Ghatkopar has always been the unlikeliest of areas when it came to real estate and commercial growth in the past. All that looks set to change now with an increase in both rental and capital values to the tune of almost 50% in the area in recent times as per statistics. A large part of this growth has been centered on Ghatkopar West as opposed to the eastern flank of the locality. There are several options available if you wish to find an upcoming commercial project in Ghatkopar and this is mainly due to the proposed Andheri-Versova-Ghatkopar metro line that should be operational soon. The completion of this project will push capital values beyond belief! Values of commercial and residential property in the area should go up by 10-15% more in the next few months as well!
This is why developers are eager to cash in on this sudden bonanza and are strategically locating projects in close proximity to the first ever metro railway link in Mumbai. This link will connect Andheri, Versova, Ghatkopar along with Azad Nagar, Airport Road, Chakala, Western Express Highway and Sakinaka. The Western and Eastern suburbs of Mumbai will also be well linked to each other post the completion of this project. This is why you will find many an upcoming commercial project in Ghatkopar being located as close as possible to the metro network. This link will boost connectivity hugely in the area and has already boosted the residential and commercial realty market in the Ghatkopar West area hugely in comparison to yesteryears. Travelling time between Ghatkopar and Versova will go down to 20 minutes only as this link has already started proving.
This has a direct impact on the overall livability quotient of Ghatkopar West and hence the shifting of more and more young couples and nuclear families to this locality. Travelling time has gone down while there are several shopping malls, schools, banks, restaurants, hospitals and other social amenities located in the area as well. This is why many developers are planning an upcoming commercial project in Ghatkopar that will steadily lure companies here as well. Average property values in Ghatkopar West range between INR 14, 800 and 18, 400 per square foot on an average. These rates are lower in comparison to most other areas in Mumbai and apartment areas are bigger in comparison as well.
