August 20, 2025: The renaming of the Bangur Nagar Metro Station has become more than a matter of convenience—it is now shaping the real estate landscape of Mumbai’s western suburbs. Originally called Pahadi Goregaon, the station on Metro Line 2 was officially renamed Bangur Nagar by the Mumbai Metropolitan Region Development Authority (MMRDA) in April 2023 to reflect local identity. Yet, the area has since gained further prominence with Arkade Developers marketing their flagship project under the name Arkade Bangur Nagar, effectively linking the metro station with their brand.
Urban planners note that metro connectivity has already been a key driver of growth in Goregaon West. With Arkade’s redevelopment of the Laxmi Ramana Co-operative Housing Society—just 500 metres from the station—the link between infrastructure and developer-led branding has deepened. The luxury project, featuring amenities such as a mini theatre, gymnasium and landscaped open spaces, highlights the shift towards sustainable, low-density living in Mumbai’s suburbs.
Arkade Developers, with a track record of multiple completed and ongoing projects in the Goregaon–Malad micro-market, have further strengthened this narrative. Their latest acquisition, spread across 1.1 acres with an RERA-approved saleable area of 86,000 sq ft, is projected to generate revenues of around Rs 350 crore. This positioning has reinforced Goregaon West as a premium real estate destination.
Market data supports this transformation. Square Yards Intelligence recorded over 1,300 property transactions worth Rs 1,961 crore in the past year, with property values rising by 6–10% over three years to touch Rs 35,208 per sq ft in early 2025.
Analysts believe the upcoming Arkade Bangur Nagar project—priced from Rs 40,000 per sq ft—will attract professionals and families seeking both connectivity and aspirational living. Its proximity to the Western Express Highway, Inorbit Mall and Goregaon Station adds further appeal. For investors, Goregaon West now exemplifies how metro connectivity and strong developer branding can converge to create lasting value in Mumbai’s property market.
Source: Ainvest
