Ajmera Shastri Nagar Andheri West

Ajmera Realty has just signed an agreement to redevelop a 0.5-acre residential society in Andheri West Mumbai in the locality of Shastri Nagar. The venture is a big step for the company adding strength to its legacy in the region. Ascot Co-operative Housing Society's redevelopment is targeted at improving the existing residential setting with contemporary urban lifestyle standards. With a long-established presence in the region, Ajmera Shastri Nagar Andheri West Mumbai is ready to provide an elite residential experience fusing modern designs with improved lifestyles.

Andheri West more specifically Shastri Nagar is a high-class residential area in Mumbai providing an all-around city lifestyle. People have easy connectivity to various social, educational, healthcare and commercial facilities. Well-connected to activity-based retail and business areas well-supported by top-notch metro connectivity. Being in close proximity to important places like Lokhandwala, Veera Desai Road, Juhu and Goregaon, it serves as a desirable residential place for professionals and families.

Ajmera Shastri Nagar Andheri West - Luxurious 2 & 3 BHK Redevelopment in Prime Area Of Mumbai:

1). Floor Plan:-

The redevelopment scheme spans a total area of land of 2,319 square meters and is likely to yield an estimated sales revenue of ₹320 crore. The project will have a total carpet area of around 71,300 square feet spread across a single phase. Information regarding units, towers and floors is updated soon but the project will be having spacious 2 BHK and 3 BHK flats. The RERA approval is awaited and the possession date has not been announced yet. The project is consistent with Ajmera Realty's business strategy to broaden its portfolio through asset-light acquisitions and redevelopment initiatives.

The interior design of the architecture of Ajmera Andheri West is a symphony of beauty and functionality. Every apartment has been designed keeping in mind ample space, complete with modern finishes and fittings. Open floor plans optimize the space and huge windows welcome sunlight to create a cozy and homely ambiance. Premium materials and careful planning provide residents with a chic and cozy living experience.

2). Amenities and Facilities:-

The premium residential apartments of Ajmera Shastri Nagar Andheri West Mumbai provides a range of world-class amenities for all age groups. There are a fully-equipped gymnasium, beautifully landscaped gardens, children's play courts and special areas for yoga and meditation for the residents. A multi-purpose clubhouse, indoor games facility and outdoor sports area provide for a healthy and active lifestyle for the residents. Safety is a priority with 24/7 CCTV monitoring, gated access and sophisticated fire protection systems providing a secure and safe environment for everyone. The project has green building features like rainwater harvesting, solar lighting and energy-efficient architecture to encourage sustainable living.

3). Surrounding Area:-

Ajmera Andheri West Mumbai is bordered by a combination of residential and urban areas. The locality is overall safe for the residents with good connectivity. Amenities nearby are ATMs and banks such as HDFC Bank (0.5 km) and ICICI Bank (0.7 km). There are essentials stores like DMart (1.2 km) and transport hubs like Andheri Railway Station (2.5 km) and the Metro at Andheri Station (2.5 km). The prime areas around it are Citi Mall (1 km) for shopping and Jogeshwari-Vikhroli Link Road for connectivity. The locality has a balanced urban lifestyle with proximity to hospitals and educational institutions.

4). Location Connectivity:-

This residential property is efficiently connected to the rest of Mumbai with multiple transportation systems. It is about 8 km away from the Chhatrapati Shivaji International Airport and easily accessible by road. The place is connected to the Bandra Kurla Complex one of the principal business centers and about 10-15 km away. Andheri West is also proximate to other important locations such as Jogeshwari and Goregaon with Andheri Railway Station acting as an important connectivity hub. The Western Express Highway is well connected to Ajmera Shastri Nagar Andheri West Mumbai and is connected by metro through Line 1 (Versova-Andheri-Ghatkopar) and Line 2A (Dahisar-Andheri West).

5). Commercial Area Nearby:-

Andheri West, Mumbai provides superb connectivity to other commercial areas and hence it is a business hub. For example, Mindspace Malad a major employment center is about 8 km away while NESCO IT Park is around 10 km from Andheri West. Nirlon Knowledge Park is about 9 km away and Lotus Corporate Park is about 8 km away. Large corporations such as Yash Raj Films and Balaji Films are based in Andheri West itself showcasing its high presence in the television and film industry. Other popular commercial hubs include the Infiniti Mall and Fun Republic Mall both located in Andheri West offering good retail space. The location is well-served by the Mumbai Metro Line 1, Western and Harbour Suburban lines, New Link Road, SV Road and the Western Express Highway making it easily accessible to other areas of the city.

Why Invest In Residential Apartments At Ajmera Shastri Nagar?

Investment in Ajmera Andheri West has a number of cogent benefits to residential property buyers. Andheri West has high rental demand and rising property prices that make it a good destination for investors. Property prices in Andheri West have historically appreciated hugely with the prices going up from INR 15,700 per sq ft in 2011 to INR 24,700 per sq ft as of mid-2022. This trend has high ROI potential that can be estimated at the level of 8-12% per year depending on the conditions of the market. Its development is led by its prime connectivity, energetic lifestyle and great demand from families and professionals. Its growth can be measured in terms of 10-15% annual growth in property prices led by demand and infrastructure growth.

The positive impact ratio factoring in aspects like connectivity, lifestyle and infrastructure is likely to be in the region of 80-90% in 2025. This is because the locality has well-established social infrastructure and future developments such as the metro expansion. Future growth opportunities in Andheri West are also to include improved metro connectivity and redevelopment activities which will further enhance the popularity of the area. Resale value in Shastri Nagar continues to be healthy, holding 90-95% of the initial cost as a result of excellent demand and minimal fresh supply. Investing in Ajmera Shastri Nagar Andheri West Mumbai presents a good mix of growth, ROI and resale value and makes for a good option among homebuyers as well as investors.