Properties in Goregaon East Mumbai

Goregaon (East) is a sub-city of Mumbai and an important real estate market in India. As per the recent analysis by www.makaan.com Property Price Trends, per square feet (psf) price for renting a property in Goregaon (East) is Rs. 31.83/-.

The Indian government, under ‘Act East’ Policy, is developing infrastructure projects in the North Eastern Region (NER) to boost connectivity. It will develop road networks spanning 5,200 kilometres in the North East Region along with National Highway projects and undertake upgradation under the Bharatmala Pariyojana and invest Rs 48,000 crore for building 15 new rail line projects across the state capitals.

Started in 2006, the redevelopment work is far from completion but might get on track as the Bombay High Court has cleared the deck for the construction work to start. The project was in litigation due to a rule imposed by the Brihanmumbai Municipal Corporation that the developer must execute a permanent agreement with the old homeowners to get the construction commencement certificate. As the Bombay HC has set aside this condition, the work might begin soon.

The Mumbai Metro Line 7 is a partially elevated corridor spanning a length of 16.5 kilometres with 14 stations from Andheri (East) to Dahisar East. There are plans to extend the corridor, by 9 km, to Chhatrapati Shivaji International Airport (terminal T2) from Andheri (East), and to Mira Road-Bhayendar from Dahisar. The project is being developed at an estimated cost of Rs 6,208 crore and is expected to be operational by 2019.

For a country like India where population and inflation have faded common man's dream of owning a home, few government-sponsored housing schemes are a big respite. The Central government in India is running a number of housing schemes to provide shelter and basic amenities to the homeless poor in urban and rural areas. Check out a few popular housing schemes and policies.