Andheri is indeed a prominent location in Mumbai, India, and it has long been a hub for commercial real estate activities. It is divided into two main areas: Andheri East and Andheri West, each with its own distinct characteristics and offerings.
Here are some key reasons why Andheri has taken center stage in the commercial real estate market in Mumbai:
- Accessibility: Andheri's strategic location makes it easily accessible from various parts of Mumbai. It is well-connected to the city's major transportation hubs, including the Chhatrapati Shivaji Maharaj International Airport (CSMIA), Western and Central railway lines, and major roadways, making it a preferred choice for businesses.
- Business Hubs: Andheri is home to several prominent business districts and commercial complexes, including MIDC (Mumbai Industrial Development Corporation) in Andheri East and the Andheri-Kurla Road area. Many IT parks, corporate offices, and co-working spaces have sprung up in these regions, making it a sought-after destination for businesses.
- Retail and Entertainment: Andheri offers a blend of commercial and leisure facilities, with numerous shopping malls, restaurants, and entertainment options. This makes it attractive for businesses that want to offer their employees a well-rounded work-life experience.
- Real Estate Development: The area has witnessed significant real estate development in recent years, with modern commercial buildings, skyscrapers, and state-of-the-art infrastructure. This has led to a rise in demand for commercial spaces.
- Diverse Industry Presence: Andheri caters to a wide range of industries, including information technology, finance, entertainment, and media. This diversity in industry presence has contributed to the robust demand for office spaces in the area.
- Connectivity to Residential Areas: The presence of residential areas nearby makes it convenient for employees to live in proximity to their workplaces, reducing commuting times.
- Infrastructure and Amenities: The area offers essential amenities, including schools, hospitals, and recreational facilities, which are essential for both businesses and their employees.
- Growth Potential: With ongoing infrastructure projects and developments, Andheri is expected to continue growing, making it a promising investment for commercial real estate.