What Makes 1 BHK Flats on Rent in Goregaon West so Popular?

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  • 9th Aug 2020
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What Makes 1 BHK Flats on Rent in Goregaon West so Popular?
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One of the fastest moving real estate inventory - 1 BHK flats on rent in Goregaon west, are extremely popular and always in demand. One of the prime reasons is that Goregaon west is a very well established residential real estate location in the Mumbai western suburbs. Also the fact that there are many good schools and colleges in this location makes the demand for 1 bed room apartments for rent in Goregaon west very strong. Another reason that the1 BHK rental flats in Goregaon west almost fly off the moment they are listed is that this is ideally the smallest available flat on rent in Goregaon west as there are hardly any 1 RK (1 room kitchens) on rent in Goregaon west available now. Most of the buildings in Goregaon west that had 1 RK flats have been mostly redeveloped and converted into 1 BHK apartments.

Generally a well reputed and efficient residential location like Goregaon west will always have families shifting on rent here from various parts of the city as well as the country and the first option that generally any family would like to have is the 1 BHK on rent in Goregaon west. The fact that Goregaon west real estate has really blossomed in the past 10 years has also helped the market of the rental flats in Goregaon west to grow hugely. Most of the locations in Goregaon west are well connected by buses, auto rickshaws and are either close to the Goregaon west railway station or close to the Goregaon west Link road. In any scenario you are always close to almost all facilities like hospitals, markets, shopping centres like the Citi Center, Prasad shopping Centre, Azad shopping centre and also to malls like Goregaon Central, In Orbit Mall, etc. Another factor is the fact that the majority of nuclear families that shift to Goregaon west also prefer to take the 1 BHK flat on rent in Goregaon west because it is the most budget friendly rental flat in Goregaon west and also because one can understand more about the location before deciding to buy in this location.

Since many families and individuals also plan to shift to Goregaon west for the long term from other locations like Andheri, Mahim, South Mumbai and other locations in Mumbai, they first take a rental 1 BHK on rent o Goregaon west. Once they get used to living in a rental 1 BHK flat in Goregaon west then they decide to buy a property or home of their own in Goregaon west. Many property investors who buy flats in Goregaon west generally start with a 1 BHK flat. The reason is that these 1 BHK flats on rent in Goregaon west get picked up immediately by individual or family tenants and the return on investment for the property investor in Goregaon west starts immediately and remains continuously.
Another important factor is that there is an abundant supply of 1 BHK apartments on rent in Goregaon west because there are many real estate developers who have developed a lot of 1 BHK flats in Goregaon west which are picked up by investors and then put on Leave and Licence by the investors. As things progress and there are many real estate developments in Goregaon west and a lot of new projects in Goregaon west that have higher configurations like 2 / 3 / 4 / 5 BHK flats, the demand for rental 1 BHK flats in Goregaon west seems to increase with very passing day. The average rent of a 1 BHK in Goregaon west today is between Rs.18,000/- to Rs. 25,000/- with the security deposit being around Rupees One Lakh generally. However this could fluctuate and go higher or lower depending on the size of the 1 BHK on Leave and Licence in Goregaon west. It would also change depending on factors like the rental 1 BHK is furnished / unfurnished and whether the building that it is located in, has lift or no lift.

The most popular areas where you can find 1 BHK apartments on rent in Goregaon west include Shastri Nagar, Siddharth Nagar, MG Road, Lokmanya Tilak Nagar, Piramal Nagar, Jawahar Nagar, Bangur Nagar and the Goregaon west link road.

As you can understand from this article the demand for 1 BHK rental flats in Goregaon west will keep on increasing due to the peculiar nature of Goregaon west as a very friendly residential location in Mumbai western suburbs. Most of the real estate agents in Goregaon west also do brisk business by letting out rental 1 BHK apartments in Goregaon west throughout the year.


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