Overview of Gokuldham, Mumbai

Area and Connectivity

Gokuldham resides in Goregaon East, Mumbai. This is a well-crafted residential area with great links to the city's major spots. It is about 3 kilometers from the Western Express Highway, enabling quick access to suburban areas and key workplaces. The venue is near several rail and metro stops, including Kandivali, Samata Nagar, Goregaon railway station, Malad railway station, and Charkop metro station[4ै।

Facilities and Amenities

The Gokuldham Colony stands out as a high-class neighborhood. Here, you'll find various multi-storey apartment buildings. These include Avant Hillway, Satellite Elegance, Oberoi Exquisite, DB Woods, and JP Decks Blue. This area promotes a peaceful, residential feel and offers easy access to amenities such as schools, shops, and medical centers. The locality also holds proximity to famous sites such as Film City, Aarey Colony, and Yashodham.

Property Prices

• Starting from Rs. 14,792 for properties in Gokuldham, with average pricing at Rs. 22,762 per sqft. The price can go as high as Rs. 35,714 per sqft for the most expensive properties.
• On average, the flat rates in Goregaon East, encompassing Gokuldham, hover around Rs. 29,900 per sqft.

Rental Prices

• Rents vary depending on the size and fittings:
  • For 1 BHK flats, it ranges from Rs. 29,500 to Rs. 46,250 monthly.
  • For 2 BHK flats, it goes from ₹40,000 to ₹79,000 monthly.
  • 3 BHK flats stand at approximately ₹55,000 to ₹75,000 per month.

Pricing Trends and Increases

• Property costs in Gokuldham are growing by 6% year-to-year (YoY), signaling a positive trend for investors.
• In the Goregaon East zone, as a whole, flat costs have gone up by 3.6% in the past year, 17% in the last three years, and 20.6% in the last five years.

Benefits and Drawbacks

Advantages:

• Fantastic links to job centers and other areas within Mumbai.
• Robust infrastructure featuring various residential and business buildings.
• Peaceful and residential community.
• Nearby amenities and landmarks.

Shortcomings:

• Drains are poor, causing significant flooding post-heavy rains.
• Potholes litter major routes.
• Traffic snarls due to unauthorized occupation and unlawful parking.
• Vendors occupying sidewalks.

PropertyWala's Conclusion

For buyers and renters, Gokuldham, Mumbai, is a fantastic option. The area has excellent connectivity, luxurious living spaces, and closeness to essential services. Despite this, people looking to buy or rent should be mindful of the neighborhood's issues like flooding and congestion. Nonetheless, the positive price trends and gains make it a top pick for investors. Gokuldham is a mid-tier neighborhood mixing cost-effectiveness with the perks of residing in a well-linked, well-equipped part of Mumbai.