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About Lokhandwala Complex
In the western region of Mumbai, Lokhandwala is a thriving and popular neighborhood renowned for its combination of residential and business areas. This Lokhandwala complex pin code is 400053. Thanks to their advantageous location, Versova, Juhu, and Goregaon are just a few of the well-known neighborhoods close by. Through the Mumbai Metro and the Western Express Highway, Lokhandwala is easily linked to the rest of Mumbai, making traveling to other city areas simple.
The owner of Lokhandwala Constructions, Siraj Lokhandwala, made the decision to buy the large marshes in the Versova area in 1968 so that it could be developed. Every broker in Mumbai tried to talk him out of buying the land because they believed that no one would want to live so far from Mumbai's historic center. However, Lokhandwala Complex is now one of Mumbai's most coveted and highly anticipated neighborhoods.
Lokhandwala, which has been a popular residential area for movie stars over the past 20 years, is home to a veritable who's who of Bollywood celebrities. The majority of the people who work in the Indian cinema and television industries are represented on the list, along with some of the best performers, directors, writers, and producers. Many NRIs (non-resident Indians) own second houses in this area. The neighborhood of Lokhandwala is home to numerous commercial centers, sizable movie theaters, clubs, parks, fitness centers, small to very large upscale apartments, and great public transportation options that connect it to the rest of the city.
Physical Infrastructure
Lokhandwala infrastructure guarantees connection and convenience for its inhabitants. The Lokhandwala to other significant city areas is connected by the Mumbai Metro Line, notably Line 1. In addition, quick access to many Mumbai neighborhoods and beyond is made possible via the Western Express Highway, a significant arterial route. It is 5 kilometers from Andheri Station and 10 km from the airport. Trains take 33 minutes to travel from Andheri Station to Churchgate. If you see the Lokhandwala map, The area is also near to the A102 and is 2.1 km from both the Versova and DN Nagar Metro Stations. Ghatkopar may be reached in roughly 22 minutes using both metro stops.
Social and Retail Infrastructure
Lokhandwala Mumbai in Andheri West has a sophisticated social and retail infrastructure that meets its people's wide range of demands. The area is home to various educational institutions, including well-known schools like Little Wonder International Mumbai and Vibgyor High School, which provide pupils with a top-notch education. Colleges like Mithibai College and Narsee Monjee College are nearby for those seeking further education. Lokhandwala has access to world-class medical services thanks to hospitals like Bluebell Hospital and Lokhandwala Health Post, which are well-served in healthcare. Lokhandwala has several malls, including Infinity Mall and Crystal Point Mall, which provide a variety of food and shopping choices for those seeking retail therapy and entertainment. These facilities will only improve with future and ongoing construction in the neighborhood, providing Lokhandwala inhabitants with an even more prosperous way of life.
Real Estate Market Trends and Rental Demand
The real estate market in Lokhandwala, Andheri West, Mumbai, has seen several exciting developments. The Lokhandwala Property rates have steadily risen, making it a desirable alternative for buyers and an advantageous market for sellers. The area's robust infrastructure, connection, and facilities, which have attracted purchasers looking for residential and commercial properties, are to blame for this surge. The average Y-O-Y change in Lokhandwala property price in this area is 4.0%. Apartments in Lokhandwala may be purchased for around 37,400 per sqft. The average monthly rent in Lokhandwala is between Rs 35400 and Rs 274700/-. There are many different types of properties in this region. There are two or more rental homes under Rs 40,000 per month, five or more mid-range homes between Rs 40,000 and Rs 50,000 per month, and twenty or more luxury homes above Rs 500,000 per month. This ready to buy shop costs around Rs 2.50 Cr for a carpet area of 500 square feet.
Top employment Hub in or nearby
Since some of Mumbai's leading IT business parks and employment centers are nearby, Lokhandwala in Andheri West is desirable for professionals to live in. Within a 10-km range, you'll discover these employment hubs near Lokhandwala complex:
- Pinnacle Business Park- 9.4 km
- Leela Business Park- 8.2 km
- Spaces- 2.2 km
- Laxmi Business Park- 1.9 km
- Maruti Business Park- 2.4 km
For professionals working in the IT industry, it is the perfect residential option due to its closeness to these popular landmarks in Lokhandwala complex.
What are some popular Sub-Localities / Colonies / Areas?
In Andheri West, Lokhandwala is a large neighborhood with several well-known nearby colonies and sub-neighborhoods. Some of the well-known locations are listed below:
- Lokhandwala Complex
- Four Bungalows
- Versova
- Oshiwara
- Seven Bungalows
- Yamuna Nagar
- Millat Nagar
- D.N. Nagar
- Mhada Colony
- Manish Nagar
Each sub- locality's distinct charm and personality adds to Lokhandwala, Andheri West's rich and varied fabric.
Top Things to do in Lokhandwala Complex
Both locals and tourists may enjoy the sights and activities that Lokhandwala, Andheri West, offers. Here are a few things to do in Lokhandwala complex:
Discover Lokhandwala Market:
Begin your excursion by walking through the crowded Lokhandwala Market, a mecca for shoppers because of its chic apparel shops, jewelry stores, and food carts.
Visit Versova Beach:
Take in the tranquility of Versova Beach, which is close by. You may unwind by the water, take in the spellbinding sunset, or chow down on mouthwatering seafood at local shacks.
Joggers Park:
Spend time in the great outdoors at Joggers Park, a verdant oasis that provides a tranquil setting for strolls, jogs, or relaxing outdoors.
Dine at Iconic Restaurants:
Some of Mumbai's best eateries can be found in Lokhandwala. Visit renowned restaurants like Open China, Banana Leaf, and Café Arfa to sample a variety of cuisines.
Kokilaben Dhirubhai Ambani Hospital:
Please visit Kokilaben Dhirubhai Ambani Hospital, a famous medical center known for its striking architecture and high-quality medical services. A visit is worthwhile.
Nightlife:
Participate in Nightlife in Lokhandwala, which has a thriving nightlife scene. For a fantastic evening, visit one of the numerous pubs, taverns, or clubs, like TAP Resto Bar.
Attend Cultural Events:
Look out for exhibitions and cultural activities like music, art, and literature often presented in the area.
Discover Lokhandwala Back Road: Take a stroll down this street, packed with quaint eateries and street art, and offers a distinctive glimpse into local life.
Conclusion
Lokhandwala has various things to keep you occupied and delighted if you like shopping, eating, being outdoors, or the arts.
What is Good about Locality?
- Homegrown developers provide 2 BHK and 3 BHK-ready residences in the exclusive neighborhood of Lokhandwala Andheri West.
- On Mumbai Metro Line 1, which links Versova Metro Station to Andheri and Ghatkopar, it is about 2 kilometers away.
- The nearest railroad station on the Western Line of the Mumbai Suburban Railway is Jogeshwari, around 4 kilometers away.
- The Jogeshwari Vikhroli Link Road and SV Road, which are nearby, provide reasonable access to various city areas.
- The distance through JP Road is just 9 kilometers from Chhatrapati Shivaji Maharaj International Airport.
What’s not Good about Locality
- Garbage dumping in the area has polluted the Lokhandwala Lake.
- Lokhandwala and Andheri West commuters are troubled by the daily traffic congestion on the Akurli Road.
- During the rainy season, Lokhandwala Andheri West has severe waterlogging.
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