1.
EVERYTHING YOU NEED TO KNOW
ABOUT ANDHERI EAST
A COMMONFLOOR REPORT

2.
Overview
- Andheri, once a regular western suburb, is currently touted as one of the most sought-after
region in Mumbai for rent and purchase of property
- Andheri East is mostly known for being an industrial and commercial hub while there is
high demand for property from the mid-segment category.
- Residential real estate in the area is cheaper than that in the upscale western
neighbourhoods of Bandra and Andheri West. Nonetheless, Andheri East is gaining immense
popularity in recent times.

3.
Connectivity and Infrastructure
- Andheri East is well connected to various parts of Mumbai via road and rail. Some of the
important roads and highways that provide connectivity to the area include Airport Link
Road, the newly-built Sahar Elevated Road and Jogeshwari Vikhroli Link Road (JVLR).
- Andheri East has two metro stations in its proximity - one at WEH and the other in Azad
Nagar.Both the domestic and the international terminals of the Mumbai International
Airport are also in close proximity to the area.
- Besides enjoying great connectivity to other areas in Mumbai, Andheri East is also close to
several business and industrial parks. SEEPZ is just about 1.5 km away while Bandra Kurla
Complex (BKC) is just about 7.5 km away.
- Since Andheri East was essentially developed as an industrial area unlike it western
counterpart, it caters to different kind of audience than that of Andheri West. The amenities
also differ accordingly.

4.
Civic Issues
- The area is closer to slum pockets. Hence, some parts of the locality face some civic issues
such as behavioural problems of slum dwellers, improper garbage disposal and garbage
related diseases.
- There are also reports of drainage and solid waste management related issues in the
locality.
- Lack of street lighting along footpaths is a concern in the locality and Irregular water supply
is also a major concern here.
- The road and traffic conditions are bad in the area with roads filled with sand and dirt,
primarily due to the metro rail work.
- There are several illegal encroachments on roads including Saki Naka, Marol main road and
Mahakali Caves Road.

5.
Market Outlook
(Capital and rental values)
- Andheri East has grown to be one of the most sought-after real estate markets in Mumbai
in recent years mainly due to its location and its growing infrastructure.
- While areas such as Bandra, Dadar and Khar witnessed faster growth in real estate prices
due to a focused development, Andheri East saw relatively slower growth, mainly due to
the type of business establishments and the profile of people who settled down here.
- However, with the latest development in infrastructure and connectivity areas such as
Chandivali, Marol, JB Nagar, Sakinaka and few other localities have grown well over time.
Chandivali, in particular, is a good bet for investors and end users since it offers townships
and has quality construction by reputed builders.

6.
Residential launches from 2013-2015
Andheri East has witnessed an interesting trend in housing launches. While there has
been a steady growth in demand for housing here, the number of units launched has
reduced in the last two years. . The following graph shows the trend of residential unit
launches since 2013.
The graph indicates that the number of units have decreased
by almost 27 per cent from 2013 to 2014. The first quarter of
2015 has seen only about 100 units launched by Lodha
Group according to CommonFloor data. The slump in the
country’s economy and Mumbai’s real estate market over
the last two years has led the developers to focus less on
project launches and more on completion of their earlier-
launched projects.

7.
Residential market Insights
(Major Builders and projects]
Projects Builders/Developers Total units BHK Availability Project Status Expected Yr. of
Completion
Crescent Group Crescent Residency 80 1 and 2BHK Ongoing Aug 2016
Ashapura
Options Pvt Ltd
Ashapura Options
Palazzio
80 1 and 2BHK Ongoing Feb 2016
Oberoi Realty
Ltd
Oberoi Prisma 96 4BHK Ongoing Dec 2016
Lodha Group Lodha Codename
Supernova
100 2, 2.5 and 3BHK Ongoing Mar 2018
Kanakia Space
Pvt Ltd
Kanakia Rainforest 720 1, 2, 2.5 and 3BHK Ongoing Jul 2018
Major builders and projects in Nala Sopara

8.
Residential market Insights
(BHK-wise and segmentation split from 2013-2015]
- Most of the residential projects available in the area are apartments. There is a maximum
availability of 2 BHK units, followed by 1BHK and 3BHK units. The approximate built-up area
of a 1BHK unit is about 550-860 sq. ft. while that of a 2BHK unit is about 660 - 1,340 sq. ft.
The built-up area of a 3BHK unit is about 1,245 – 2,000 sq. ft.
31%
46%
15%
8%
1 BHK 2 BHK 3BHK 4BHK
BHK wise percentage
availability in Andheri
East
25%
42%
33%
Ultra Luxury ( > Rs.2 Cr)
Luxury (Rs.1.2 Cr - 2 Cr)
Classification
of housing
segments

9.
Residential market Insights
(Price Trends]
Year 2015 hasn’t yet witnessed any major launches in 1BHK apartments. However, 2 and
3BHK apartments have seen an appreciation in property values since 2013 with the 3BHK
units witnessing the highest appreciation among all the configurations
The property prices for 1BHK apartments has
not appreciated much over the last two years
Weighted Average Price (WAP) in Andheri East & West,
2014 - 15
Average property prices in Andheri
Overall, there has been a steady growth in property
prices in the area over the last three years.

10.
Residential market Insights
(Resale Trends 2013 - 2015]
Andheri is an old suburb with some residential units even as old as 40-50 years. As such, it
offers several residential units for resale apart from new projects.
Apart from multi-storeyed apartments, few houses and
builder floor apartments are also available for resale
Configuration of units available for resaleType of residential units available for resale
The most common units available for sales are 1 and
2BHK units followed by 3BHK units
92%
8%
Apartment and Builder Floors Independent Houses
43%
45%
11%
1%
1BHK 2BHK 3BHK 4BHK

11.
Residential market Insights
(Housing rentals from 2014-2015]
Andheri East also attracts a significant population looking for rentals. This is usually the
working population in SEEPZ or other nearby business districts.
The average rentals per sq. ft. is about Rs 38-42
while that of Andheri West is about Rs 45-50. The
average rentals have grown steadily over the last
year, primarily due to the increasing number of
people wanting to settle down here.
Avg. rentals per sq. ft. in Andheri (E) and Andheri (W), 2014

12.
Key Points
-Key drivers of Andheri East’s realty growth are its excellent connectivity to other important
areas and key business areas such as SEEPZ SEZ and BKC via road and rail network.
- Proximity to the international airport and fast growing infrastructure are also driving
Andheri East’s realty.
- Most of the available residential units in the area are 1 and 2BHK apartments, followed by
a small number of 3BHK apartments. Almost 42% of the residential units are in the luxury
segment (Rs 1.2 – 2 crore) and 33% in mid-income segment (Rs 60 lakh – 1.2 crore).
- Looking at the resale trends, people still have a preference for old properties with the
average age of 10-15 years.
- The market price, which may be identified by the resale price is about Rs 19,450 per sq. ft.

13.
Get the detailed in depth report on
Andheri East here
Image source

14.
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