Laxmi Industrial Estate, Suresh Nagar, Andheri West, Mumbai

Laxmi Industrial Estate is a thriving sub-locality in Suresh Nagar, Andheri West. The Laxmi Industrial Estate PIN Code is 400053. Nestled in the western suburbs of Mumbai, Laxmi Industrial Estate enjoys a strategic position close to several popular localities, including Andheri, Malad, and Goregaon. This prime location facilitates easy access to major transportation networks, making it a sought-after destination for businesses and industries seeking convenient connectivity within the city.

The history of Laxmi Industrial Estate is deeply intertwined with the evolution of Mumbai as an industrial and commercial hub. Most of the homes in this neighborhood were built in the early 1940s, and many have a vintage appearance. It is a neighborhood for the affluent, and many TV stars call it home, which has caused house values to soar. 

The demographics of Laxmi Industrial Estate encompass a diverse mix of people, including industrial workers, business professionals, and entrepreneurs. The estate, spread across a sizable area and has numerous showrooms, serves many discerning customers, including designers, homemakers, and those looking for fashion and other lifestyle goods.

Physical Infrastructure 

Laxmi Industrial Estate infrastructure dramatically enhances its appeal for businesses and residents. In terms of transportation, the area has excellent connectivity through nearby metro lines, state and national highways, and ongoing infrastructure projects such as the construction of new flyovers and expressways. These developments aim to alleviate traffic congestion and streamline transportation within the locality. Suppose you see the Laxmi Industrial Estate map. In that case, the Versova in the west and Ghatkopar in the east are connected by Line 1 of the Mumbai Metro, spanning the entirety of the Laxmi Industrial Estate neighborhood (Andheri metro station) over 11.4 kilometers (7.1 mi). It has 12 stations and is entirely elevated. Of the 12 stations, Andheri is home to 9 of them. The corridor project got underway on February 8th, 2008. At the end of 2012, the project's cable stay bridge over the Western Express Highway and steel bridge over the Western railway line was completed.

Social and Retail Infrastructure 

Laxmi Industrial Estate Mumbai is not primarily known for its social and retail infrastructure, as it is predominantly an industrial and commercial area in Mumbai. However, the surrounding regions in western Mumbai offer a diverse range of social and retail amenities.

In terms of education, several renowned schools and colleges are within reach for residents and workers in the area. Some famous educational institutions nearby include New Horizons Educational Institute, ORCHIDS The International School, and Cornerstone International College. For healthcare needs, Laxmi Industrial Estate is near hospitals like Shraddha Vihar Hospital and Bellevue Multispeciality Hospital. Residents can visit retail and leisure centers like Laxmi Mall Plaza and Infiniti Mall. While Laxmi Industrial Estate may not have these facilities within its immediate vicinity, the neighboring areas provide easy access to social, educational, healthcare, and retail infrastructure, ensuring a well-rounded lifestyle for those in the region.

Real Estate Market Trends and Rental Demand 

The average Laxmi Industrial Estate property price is ₹23,656 per sqft. A flat in this area can be rented for INR 80,000 per month. The 4200 sq ft carpet area commercial space can be rented at Rs. 5 Lac. Property rates have steadily increased for sellers due to the area's strategic location, with businesses and industries seeking to establish a presence. Simultaneously, rental demand has surged as professionals and workers flock to the region, seeking housing close to their workplaces. The rise in property rates can be attributed to Laxmi Industrial Estate's proximity to major transportation networks and its role as a prominent industrial and commercial hub within Mumbai. This makes it an attractive investment option, driving up demand among buyers. The increase in rental demand results from the thriving business environment, drawing a workforce that requires accommodation in the vicinity. This heightened demand for Laxmi Industrial Estate property rates, and rental properties has, in turn, contributed to increased property rates, creating a mutually reinforcing cycle in the real estate market of the locality.

Top Employment Hub in or nearby 

Laxmi Industrial Estate, located in western Mumbai, enjoys proximity to several top employment hubs, making it an ideal choice for businesses. Within a 10-kilometer radius, you can find these employment hubs near Laxmi Industrial Estate:

• Laxmi Business Park- Approximately 250 m away.
• Maruti Business Park: Approximately 750 m away.
• Nirlon Knowledge Park, Goregaon: Approximately 7 km away.
• Veera Desai Industrial Estate: Approximately 1.1 km away.
• Goregaon IT Park: Approximately 9 km away.

The strategic location of Laxmi Industrial Estate provides businesses with easy access to these popular landmarks in Laxmi Industrial Estate, fostering growth and opportunities within the region.

What are some popular Sub-Localities / Colonies / Areas? 

Laxmi Industrial Estate in Mumbai's western suburbs is surrounded by several popular sub-localities and colonies, each with unique charm and amenities. Here are some of the well-known areas in the vicinity:

1. Andheri West
2. Malad West
3. Goregaon West
4. Kandivali West
5. Versova
6. Jogeshwari West
7. Santacruz
8. Vile Parle
9. KL Walawalkar Marg
10. Veer Desai Road

These sub-localities cater to various lifestyles, making the region a diverse and vibrant part of Mumbai.

Things to do in Laxmi Industrial Estate

The western suburbs of Mumbai's Laxmi Industrial Estate are home to various recreational opportunities and tourist attractions. Here are some top things to do in Laxmi Industrial Estate:

1. Explore local street markets for unique finds or visit nearby malls like Inorbit Mall and Infiniti Mall for a diverse shopping experience.
2. Discover attractions like the scenic Versova Beach, perfect for a leisurely evening stroll, or venture to the Sanjay Gandhi National Park for a nature-filled day trip.
3. Pay a visit to various temples, churches, and mosques in the area, including the revered Iskcon Temple in Juhu.
4. The exquisitely sculpted excavations can be seen at Andheri East's Mahakali Caves. Although these caves are close to the city limits, they date from the first century BC to the sixth century AD.
5. One of the most incredible places to shop in Laxmi Industrial Estate, Andheri West, is Lokhandwala Market, which has a variety of stores selling a wide range of goods at reasonable costs, including shoes, fruits, and jewelry. 

Conclusion 

Laxmi Industrial Estate's proximity to these landmarks and activities ensures there's something for everyone to enjoy in this vibrant part of Mumbai.

What's Good about the Locality: 

Laxmi Industrial Estate, Mumbai, offers several advantages that make it an attractive place to live and work:

Cultural Diversity: The locality's cosmopolitan nature embraces a rich cultural tapestry.

Diverse Lifestyle: A blend of residential, commercial, and entertainment options caters to various lifestyles.

Strategic Location: Its proximity to major transportation networks facilitates easy connectivity within Mumbai.

Business Opportunities: Abundant industrial and commercial spaces attract businesses, creating job opportunities.

Educational Hubs: Access to renowned schools and colleges ensures quality education.

What's Not Good about the Locality: 

However, there are areas for improvement:

Property Costs: Rising property rates may make housing less affordable for some.

Green Spaces: The need for more parks and recreational areas for residents.

Traffic Congestion: The bustling urban environment can lead to traffic congestion during peak hours.

Pollution: Industrial activities can contribute to pollution concerns.

Infrastructure: The need for continuous infrastructure development to support the growing population.