Property Rates in Goregaon West, Mumbai – 2025

Goregaon West is a prime real estate destination in Mumbai, known for its strategic location, excellent connectivity, and well-developed infrastructure. The property rates in Goregaon West have shown consistent appreciation over the years, driven by growing demand for both residential and commercial spaces. As of 2025, the average price per square foot ranges between ₹18,000 to ₹30,000, depending on the exact location, property type, and amenities offered. Key areas like SV Road, MG Road, and Oshiwara witness higher property rates due to their proximity to commercial hubs and transportation networks.

Goregaon West Property Rates - Area-Wise

Goregaon West is a well-developed suburb in Mumbai, featuring a mix of residential, commercial, and industrial zones. Property rates in this locality vary based on proximity to key landmarks, business hubs, and connectivity options. Below is an area-wise breakdown of property prices in 2025:

Property Rates in Key Localities:

• Siddharth Nagar – ₹27,500 per sq. ft.
• Bangur Nagar – ₹30,200 per sq. ft.
• Jawahar Nagar – ₹25,800 per sq. ft.
• SV Road – ₹26,900 per sq. ft.
• MG Road – ₹24,500 per sq. ft.
• Unnat Nagar – ₹23,700 per sq. ft.
• Piramal Nagar – ₹22,800 per sq. ft.
• Shastri Nagar – ₹28,600 per sq. ft.
• MTNL Road – ₹20,900 per sq. ft.
• Oshiwara – ₹32,000 per sq. ft.
• BEST Colony – ₹19,000 per sq. ft.
• Link Road – ₹29,500 per sq. ft.
• Ram Mandir – ₹21,300 per sq. ft.
• Goregaon Station Area – ₹24,800 per sq. ft.
• Bhagat Singh Nagar – ₹18,500 per sq. ft.

Emerging Areas in Goregaon West

Several micro-markets in Goregaon West are seeing rapid appreciation due to new developments, better infrastructure, and high demand. These areas are attracting both homebuyers and investors looking for long-term growth.

1.  Ram Mandir: Ram Mandir is emerging as a promising residential locality due to the Ram Mandir railway station and its connectivity to Metro Line 2A. This has made commuting to business hubs in Andheri and Malad much easier. Property prices in the area have increased from ₹18,500 per sq. ft. to ₹21,300 per sq. ft. in the last three years, driven by infrastructure upgrades and new residential projects.
2. Bhagat Singh Nagar: Bhagat Singh Nagar, known for its affordable housing, is gaining popularity among first-time homebuyers and investors. Improved road networks and access to social amenities have contributed to a price increase from ₹16,500 per sq. ft. to ₹18,500 per sq. ft. over the past three years.
3. BEST Colony: Located near Link Road, BEST Colony has seen rising demand due to new housing projects and improved civic infrastructure. Property rates have climbed from ₹16,000 per sq. ft. to ₹19,000 per sq. ft., making it an attractive location for homebuyers seeking affordability with good connectivity.
4. MTNL Road: With improved infrastructure and new residential developments, MTNL Road has witnessed a steady increase in property prices. Rates have grown from ₹18,000 per sq. ft. to ₹20,900 per sq. ft. over the last three years due to its proximity to Link Road and commercial hubs.

Factors Influencing Property Prices in Goregaon West

• Metro Connectivity: The operational Metro Line 2A has significantly boosted demand, improving accessibility to Andheri, Malad, and Dahisar.
• Proximity to Business Hubs: The area's closeness to Mindspace Malad, NESCO IT Park, and Lokhandwala Complex drives residential demand.
• Rental Yield: With an average rental yield of 3-4%, Goregaon West remains a preferred choice for investors.
• New Residential Projects: Increasing supply of premium and affordable housing options is driving steady demand.
• Retail and Entertainment Hubs:Oberoi Mall, Inorbit Mall, and Infinity Mall contribute to the locality's high livability score.
• Road Infrastructure: Easy access to SV Road, Link Road, and Western Express Highway enhances connectivity.
• Social Amenities: Top schools, hospitals, and recreational centers make it an attractive choice for families.
• Green Spaces: The presence of parks and open spaces near Bangur Nagar and Oshiwara adds to the area's appeal.

Goregaon West Real Estate Market Future Trends

Goregaon West has experienced 6-10% price appreciation over the past three years, with emerging micro-markets like Ram Mandir and MTNL Road seeing higher growth due to metro connectivity. Premium localities such as Oshiwara command the highest prices, while affordable housing zones like Bhagat Singh Nagar continue to attract first-time buyers.

With an increasing number of corporate professionals and families relocating to Goregaon West, property prices are expected to rise by 8-12% over the next 2-3 years, making it a lucrative investment option.