VMPL New Delhi [India], August 16: Mumbai, India's premier real estate market, is bustling with infrastructure growth and urban expansion making it the perfect place for residence and investment. Amid this vibrant metropolis, the eastern suburbs have significantly changed in recent years. Statistics show that 61 per cent of quarterly sales activity in Q1 2023 occurred in the eastern suburbs [1].
Previously renowned for its industrial belts, the region is now witnessing a surge in residential construction, business expansion, infrastructural upgrades, and comprehensive urban planning. The eastern suburbs have become more desirable to live in due to their access to the Eastern Express Highway and Eastern Freeway, along with their proximity to important residential and business centres such as BKC, Powai, Nariman Point and Seepz Economic Zone. Meanwhile, the Jogeshwari-Vikhroli Link Road (JVLR) has significantly enhanced connectivity between the eastern and western suburbs.
Furthermore, the metro connection between Ghatkopar and Andheri has further boosted housing development in the area. Another reason to choose the eastern suburbs is their easy access to the Thane-Belapur area, a growing office destination where enterprises are thriving outside of traditional commercial premises. The Thane-Belapur belt has evolved into Mumbai's new business district owing to the lower leasing rates, availability of Grade A floor spaces, and proximity to the upcoming Navi Mumbai International A.