Motilal Nagar III, Goregaon West, Mumbai

Location

Nestled in Goregaon West, a part of Mumbai’s Western Suburbs, Motilal Nagar III falls under the West Zone and boasts a pincode of 400047. Its proximity includes neighbors like Shastri Nagar, Sane Guruji Nagar Marg, and Unnat Nagar III.

Property Prices

• On average, a 2 BHK apartment here costs around Rs. 90 Lacs, with a rate of Rs. 12,657.16 per sq.ft.
• Contrast this with prices elsewhere like EKTA TRIPOLIS. A 2,400 sq.ft property in EKTA TRIPOLIS can amount to Rs. 6.25 Cr, while a smaller one in PODDAR MATUSHREE SHRI G might be priced around Rs. 18 Lacs for 370 sq.ft at Rs. 4,864 per sq.ft.

Property Rates

• The average price per sq.ft stands at roughly Rs. 21,671, pointing to a high-value market.

Types of Properties

• The area offers various residential apartments, especially 2 BHK and 3 BHK flats.
• You can also find ready-to-move flats in places like Kalpataru Radiance, listed at around INR 5.53 Cr for a 3 BHK flat.

Amenities and Accessibility

• Motilal Nagar III is equipped with an array of amenities. There are schools, temples, and shopping areas nearby.
• Also within easy reach are key roads like Vivek College Road, Shrirang Sabde Marg, and Maulana Abul Kalam Azad Road, which ensure good connectivity to Mumbai’s other regions.

Rental Options

• Rental opportunities exist but information is limited. For context, a 3 BHK apartment in a close area rents for Rs. 1.7 Lac monthly. The specific rental prices for Motilal Nagar III may vary.

PropertyWala's Verdict

Goregaon West’s Motilal Nagar III offers a fantastic real estate opportunity. With high property values and excellent connectivity, it presents a range of residential options from budget-friendly to upscale apartments for buyers and renters alike. Nevertheless, prepare for relatively high prices per sq.ft compared to other areas. Thanks to its amenities and accessibility, Motilal Nagar III remains a strong choice for investors and those wishing to settle in Mumbai’s Western Suburbs.