Real Estate Mumbai: Price Rates Prevalent over Andheri-Dahisar Area

Mumbai Property at Makaan.com

Andheri-Dahisar is one of the poshest areas of Mumbai and is mostly inhabited by upper-middle and elite class. The Q-o-Q change in average per square feet rate has been recorded at 10.44%. This indicates that the change in price rates has been significant in Jan-Mar quarter of 2014. As far as individual localities of real estate Mumbai in this area are concerned, they have shown different rates in the psf values. This blogs throws on avenger prices prevalent across these localities and the % change in their psf rates.

Malad(W), Goregaon(E), Kandivali(W), and Dahisar(E) are the localities where a 350 sq. ft. 2 BHK apartment can be available in 20-45 lakh price bracket. Dahisar(E) and Kandivali(W) have witnessed appreciation of residential rates, while at the remaining two, rates underwent depreciation. For buyers seeking a  two-room flat in 40-60 lakh range, there are several options: Kandivali(E), Borivali(W), Malad(E), Charkop, Oshiwara, and Jogeshwari(E). While appreciation in Kandivali(E), Borivali(W),  and Charkop varied in 1-2%, rates dropped in the others. Oshiwara witnessed the plummeting of rates by about 7%, while in Malad(E), the prices dripped by 2%, as compared to the previous quarter.

Indian real estate buyers eying properties above 70 lakh have otions like Andheri, Borivali(E), Thakur Complex, Chandivali, 4 Bungalows, Juhu, Marol, Versova, and Veera Desai Road.  Average psf rates over Andheri(W), Thakur Complex, Marol, Chandivali, Versova and Veera Desai Road showed an upsurge in residential rates of apartments. 

If compared to the properties in Navi Mumbai, the price rates are significantly higher in Andheri-Dahisar area.