August 5, 2025: The western suburban stretch of Mumbai has long attracted homebuyers and property investors, with areas like Andheri, Goregaon, and Malad dominating the market due to abundant inventory. However, with rising prices and saturation in these traditional real estate zones, attention has now shifted further north towards emerging micro-markets such as Kandivali, Borivali, Mira Road, and the Vasai-Virar belt.
For price-conscious buyers, this northern corridor has become a preferred destination, thanks to improved infrastructure and significantly more affordable housing. While Andheri and Goregaon now average property rates of Rs 31,000 per sq ft (2025 figures), locations like Mira Road and Bhayandar offer homes that are 30–35% more affordable. These areas provide modern amenities and green spaces without compromising on connectivity or quality of life.
Infrastructure development is a key driver in this shift. The Western Railway suburban line remains crucial, but metro additions—such as Metro Line 2A (Dahisar to DN Nagar) and Metro Line 7 (Andheri East to Dahisar East)—have transformed access. Projects like the Dahisar-Bhayandar Link Road, Thane-Borivali twin tunnel, and the upcoming Gaimukh-Fountain road further enhance the region’s connectivity.
The government’s long-term vision includes major civic upgrades—Vadhvan Port, the upcoming airport, the Surya Regional Water Supply Project, and improvements in healthcare, education, and recreational spaces—all aimed at improving overall quality of life.
Developers, responding to growing demand and abundant land availability, are offering spacious, gated communities with clubhouses, landscaped gardens, and premium facilities—often missing in the Bandra-Andheri belt.
According to CREDAI-MCHI and CRE Matrix, housing sales in the western suburbs rose by 13% in FY2024, despite a 35% drop in new project launches. With average property prices also increasing by 3%, it’s evident that the northern suburbs are the new growth frontier in Mumbai’s real estate landscape.
Source: Housing.com
