Laxminagar is located in the eastern suburb of Vikhroli in Mumbai, Maharashtra. The locality is situated near popular residential and commercial areas like Ghatkopar West, Pirojshanagar and Amrut Nagar and Laxminagar PIN Code is 400075. This centrally located neighborhood offers good connectivity and is close proximity to educational and healthcare facilities.
Laxminagar, Vikhroli is a mixed residential neighborhood with people from varied social and economic backgrounds residing here. It is largely a middle class community with salaried professionals and nuclear families calling it home. Residents enjoy an affordable yet comfortable lifestyle with easy access to local shops, schools and parks. The locality has a vibrant culture with many celebrations throughout the year. Festivals like Ganesh Chaturthi see the area come alive with fervor and enthusiasm.
Physical Infrastructure of Laxminagar
Laxminagar is well-connected via public transport. The locality is served by the BEST bus network with feeder routes as well as buses plying on the main East-West corridor. Residents can access the Mumbai suburban railway network through Ghatkopar and Vikhroli railway stations located near the area. The metro Line 7 extends metro rail connectivity with stations at Vivo Ghatkopar and Jagruti Nagar near Laxminagar. This provides fast transit options to connect to central and western Mumbai. The Eastern Express Highway passes through Vikhroli, providing road access via Link Road from Laxminagar.
Social and Retail Infrastructure of Laxminagar
Laxminagar is well-served by educational and healthcare institutions. Popular schools in the area include Sandesh School and Orchids The International School. For higher education, residents have access to reputed colleges like IIT Bombay and Ramniranjan Jhunjhunwala College in the vicinity. Medical needs are taken care of by hospitals such as Godrej Memorial Hospital, Shushrusha Hospital, Atul Lok Hospital, and Dr. LH Hiranandani Hospital located nearby. Daily shopping needs are met by local markets, while larger malls like Huma, R City, Neptune Magnet, R Odeon l, and Phoenix Marketcity in Ghatkopar provide greater retail options. This ensures all resident needs are easily fulfilled.
Real Estate Market Trends and Rental Demand in Laxminagar
The residential real estate market in Laxminagar has remained steady over the past few years due to its connectivity and infrastructure development. Home prices averaged between Rs. 14,666-Rs. 23,885 per sqft for buyers in this region. This price range is likely to remain stable owing to limited land availability and improved social amenities. For landlords, the rental market has seen moderate growth as rentals rose in the Rs. 20,000-Rs. 30,000 range per month. This increase in rent can be attributed to the continued influx of working professionals in the area looking to stay close to social and retail infrastructure while enjoying affordable residential options.
Top Employment Hubs near Laxminagar
Laxminagar is conveniently located near several prominent employment hubs, making it an ideal location for professionals and working individuals. Some of the top employment hubs near Laxminagar include:
- Neelkanth Corporate IT Park - 3.7km
- Neelkanth Business Park - 3.4km
- Hiranandani Business Park - 4.9km
- Powai Supreme Business Park - 6.1km
- Mirchandani Business Park - 4.5km
Famous Sub Localities near Laxminagar
Laxminagar is surrounded by several well-known sub-localities and areas, each with its unique character and amenities. Some of the famous sub-localities near Laxminagar are:
- Gauri Shankar Wadi No. 2
- Jangam Nagar
- Lbs Marg (ghatkopar West)
- Vikhroli East
Things to do in Laxminagar
Laxminagar and its surrounding areas offer a diverse range of attractions and activities for residents and visitors alike. Some of the top things to do in Laxminagar are:
Relax at Ambedkar Garden:
This lush public garden located right in Laxminagar is a popular hangout spot for locals. Spend quality time amidst nature surrounded by trees and flower beds.
Enjoy a stroll along Powai Lake:
The picturesque Powai Lake is a 10 minute drive from Laxminagar. Circumambulate this 177-acre artificial freshwater lake and take in the scenic views.
Visit Powai Garden:
Spread over an area of 33 acres, Powai Garden is dotted with meandering walking paths. Explore lush foliage and fountains at this urban oasis.
Check out the sights at Chhatrapati Shivaji Maharaj Statue:
Drive out to nearby Vikhroli Parksite to see the statue of the great Maratha emperor towering 156 feet tall. It is considered one of the finest sculptures in Mumbai.
Relax at the cafes of KanjurMarg:
The recently developed commercial hub has some pet-friendly cafes and eateries. Spend an afternoon unwinding over scrumptious meals and drinks with friends.
Window shop at malls:
The shopping malls in Ghatkopar like R City and Phoenix Marketcity offer a nice diversion. Spend a day indulging in retail therapy and catching a movie.
Visit the Murugan Temple: The famous Thiruchembur Murugan Temple located just off the Eastern Express Highway is deeply spiritual. Offer your prayers to Lord Muruga.
Laxminagar provides a suitable residential option for homebuyers and tenants looking in Eastern Mumbai.
What is Good about Laxminagar?
- Established social and physical infrastructure
- Proximity to workspace hubs and amenities
- Growing retail scene with malls and markets
- Pleasant neighborhood with green cover
- Smooth connectivity via road and rail networks
What is not Good about Laxminagar?
- Traffic and lack of high-end recreational facilities in the immediate vicinity could be improved.
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