Andheri has been crowned with the tag of being the most culturally rich neighbourhood in Mumbai. Catering to all kinds of communities, today the suburb has expanded and finds itself in a successful market for real estate. Andheri has been divided into two branches, the eastern and the western zone. Both these sides of Andheri have seen rapid growth in infrastructure with regards to real estate, hospitality, leisure, corporate, and much more. But as the western zone inclines itself more towards the recreational part of the city, Andheri East has always found its footing in the residential property realm.
While the location is popular for its residential properties, Andheri East is gradually drifting toward becoming a great business district. Below are a few reasons why Andheri East is turning out to be the ultimate choice for investing in office space in Andheri East.
A Booming Commercial Hub:
Andheri East has proven to become an emerging commercial hub with its affordable office spaces. The commercial area in Mumbai has always been a popular affair in South Mumbai at specific locations like Nariman Point, and Lower Parel stretched towards BKC. However, Andheri is not backing down either. With great start-ups, banks to a few established brands, the eastern suburbs are laying the foundation for becoming the next big thing in terms of commercial real estate.
Connectivity Benefiting the Growth:
The geographical advantage of this location is set to bring a significant amount of growth within this suburb, further expanding investors' and developers' interest in investing here. The commercial hubs within Andheri east, Powai, Marol, MIDC, and Seepz are well connected to the rest of the city. This not only tends to create multiple employment opportunities but also promotes commercial growth of the location. Moreover, when it comes to traveling within the city, the juxtaposition to the eastern and western express highways and the connectivity towards the eastern freeway is what feeds more to the demand for this place.
Affordable Rents & Benefits Post Covid:
The primary demand-driving aspect of this region has to be the affordable rents/ office spaces. In comparison to its western counterpart near Versova, prices for commercial office space in Andheri East are relatively lower. Due to the impact of covid not many offices from this area have had to bear the effects of this pandemic, hence giving owners a sigh of relief. This is another reason for developers to lean towards investing in commercial office spaces in Andheri East. The rapid increase in real estate rents for residential and commercial areas has been significantly affecting the industry, although Andheri East’s property rates have been friendly for its current and potential owners.
Keeping some of these factors and more in mind, Atul Projects has come up with a comprehensive commercial space for lease/rent in Andheri East called Corporate Avenue. A well-designed office space, Corporate Avenue is the apt epitome of technology, infrastructure, and sustainability. Located strategically at Andheri East, North of the Andheri-Kurla road, Corporate Avenue has been thoughtfully located to connect you well to important locations like Dahisar to Bandra on to the Bandra Worli Sea Link towards South Mumbai. This swanky new office space by Atul Projects comprises 2 basements + Ground +7 Floors - 3 Wings. An ideal choice for small and medium-sized businesses.