Summary of Model Town, Andheri West, Mumbai

Place and Getting There

• Model Town lies in the center of Andheri West, Mumbai, making it a coveted place due to its strategic spot.
• It's near the 7 Bungalow metro station, offering easy public transport access.

Services and Features

• The area is loaded with modern amenities, including shops, supermarkets, restaurants, and cafes.
• Residents enjoy the convenience of health services like Kokila Ben Hospital, schools, and recreation spots.

Real Estate Pricing

• Property prices in Model Town, Andheri West, are rather high because of its prime place. Here’s what you can expect:
  • Buying Rates:
    • Per square foot prices in Andheri West cover the Model Town, ranging ₹20,400 to ₹24,438 per square foot.
  • Renting Rates:
    • For a 1 BHK flat, monthly rent may range from ₹65,000 and above, depending on the amenities and the spot within the area.

Price Growth

• Property prices in Andheri West, including Model Town, have steadily risen over the years.
  • In 2023, they showed a constant or slight rise compared to the previous year.
• The real estate scene here is upheld by high demand, and limited supply, leading to stable and rising property values.

Perks and Drawbacks of Living in Model Town

• Top Spot: It’s central to Andheri West, providing easy access to amenities and public transport.

• Established Community: A thriving residential area with a longstanding community vibe.

• Up-to-date Amenities: Access to many shops, eateries, healthcare spots, and schools.

• Stable Market: Noticed for stable demand and potential appreciation over time.

• High Costs: It’s more pricey than other suburban parts of Mumbai.

• Busy Spot: Being right in the middle of Andheri, it can be overcrowded and full of hustle.

PropertyWala Conclusion

Model Town, Andheri West, shines as an awesome choice for those wanting to buy or rent property in a connected, amenity-filled neighborhood. Though the prices are higher, its central spot, up-to-date amenities, and stable real estate market make it a great investment. For folks thinking about buying or renting, it’s key to weigh up the advantages and drawbacks, especially in regards to budget and what you personally like, to make a well-informed choice.