Choosing between Andheri West and East
Andheri, a suburb of West Mumbai, is divided into two
parts, East and West. Showing different development graphs, both Andheri West
and East have their own separate characteristics making them a preferred
residential destination for different crowds.
Based on certain factors such as age of property,
infrastructure, capital values, demographics and type of property, East and
West Andheri show some striking contrasts. For instance –
Age of property – According to the data with
MagicBricks.com, Andheri West is the older region of the two. Six per cent
properties in West are more than 20 years old, as compared to only two per cent
in East. Similarly, properties aged between 10 and 15 years are also more in
West (19 per cent) than East (11 per cent). In terms of new properties, Andheri
East contains 33 per cent that are less than five years old and 22 per cent new
constructions, while West has 20 per cent in the less than five year bracket
and 20 per cent new constructions.
Infrastructure – Being well connected to the city, both
the areas have their own positives. “Andheri West is the more organized one of
the two divisions. However, East is better connected through the Western
Express Highway. Airport is already in the East and it is also going to be
connected to the metro line by the end of the year” says Ashwani Kumar of
Property Fete Real Estate.
Property values – “Andheri East faces heavy traffic jams
and also has many slum pockets compared to West,” adds Kumar. Therefore,
property values in East are lower than West. They range from Rs 10,500-14,000
per sq ft in East and Rs 16,500-25,000 per sq ft in the West.
Demography – Western part of the locality houses the elite
class consisting of homebuyers from film and TV industry. East however houses
middle and upper class segment because of its lower property prices.
Property type – With more of higher class people residing
in West, demand and supply is higher for larger homes. According to the
MagicBricks.com data, 4BHK and above configurations constitute 13 per cent of
the total supply in West as compared to a three per cent in the East for these
types of units. The most supplied configuration in the East is 1BHK with 25 per
cent of the complete market share.
Shradha Goyal, MagicBricks.com Bureau
Comments
Post a Comment
FOR ANY DOUBTS DO CONNECT US