One BHK, the most demanded property in Marol, Andheri East, Mumbai
The major factors mid-income home buyer considers before hunting for a house are low maintenance and budget. Property rates have been high in Mumbai from very long time. Marol, Andheri East is witnessing huge demand for 1-BHK apartments. This locality is a well known commercial hub of the city and has MIDC industrial area, Seepz, Boomerang and Glenmark, etc in the vicinity.
A report reveals that the current rate of the property in the area ranges from 13,000-16,000 per sq ft. That is, a small size apartment of 500 sq ft could cost around Rs 65-80 lakhs. A majority of Mumbaikars point out that 1-BHK unit is a viable option in Mumbai because of high real estate prices and living costs. Moreover, such properties are easier to rent out and sell.
Sushant Muttreja, MD, Cosmic Group says that a lot of people migrate to the city and look for economical place to stay that has little maintenance costs. This also contributes a lot to the demand.
The area is well connected and is just 7-kms away from the Western Express Highway and around 5 kms away from the Chhatrapati Shivaji International Airport and the railway station of Ghatkoper and Andheri.
Source: The Times of India
1 BHK, 1 BHK property in Marol, Andheri, Apartment, Boomerang, cosmic group, demand for 1-BHK apartments in marol, demand for property in Marol, demand of property in Andheri East, huge demand for 1-BHK apartments, Marol, mid-income home buyer, MIDC, most demanded property in Marol, Mumbai, Mumbai property rates, property in Marol, Seepz
