NESCO, Goregaon, Mumbai

NESCO is located in Goregaon East, in the western suburbs of Mumbai. NESCO PIN code is 400063, NESCO is in close proximity to popular localities like Andheri East, Malad East and Jogeshwari East. Situated near the busy Aarey Road, NESCO is well connected via rail and road networks. This residential area houses multiple societies and buildings offering several options for purchasing flats and apartments.

NESCO is home to people from diverse backgrounds. With its residential buildings and societies, it houses both young working professionals as well as families. People here enjoy an urban lifestyle with several amenities located nearby. There are restaurants, pubs, gyms and parks where residents like to spend their leisure time. The culture of the locality is quite cosmopolitan owing to its multicultural demography. People co-exist peacefully with a blend of traditional and modern values.

Physical Infrastructure of NESCO

NESCO is well-connected via various modes of transportation. It is near the Majas Depot on the Metro Line 7 which provides direct connectivity to several parts of Mumbai. The area is located right off the busy Western Express Highway that connects it to northern and southern Mumbai. Important junctions like Malad Junction and Jogeshwari Vikhroli Link Road are at a short distance. Samata Nagar, Goregaon railway station and Ram mandir railway station offer connectivity to NESCO via local trains. 

Social and Retail Infrastructure of NESCO

NESCO is well-equipped with educational and health facilities. Established schools like Tree House Play School, Nandadeep Vidyalay and St. Thomas School are located in the vicinity. For higher education, colleges such as Yashodham High School & Jr. College, Bombay Veterinary College and Ryan College of Engineering & Management are at a short distance. Residents can access major hospitals like Radha Krishna Hospital, Lifeline Medicare Hospitals and Kapadia Multispeciality Hospital in case of medical emergencies. One can also enjoy retail therapy at popular malls in the area including Oberoi Mall, City Centre Mall and Alankar Shopping Complex which house leading brands and restaurants.

Real Estate Market Trends and Rental Demand in NESCO

The average price of 2 BHK flats in NESCO ranges between Rs. 17000 – Rs.25000 Per Sqft, while 3 BHK flats are priced around Rs. 24000 – Rs.30000 Per Sqft. The property rates in NESCO have witnessed a 10-15% increase over the past year alone owing to its strategic location and excellent social and physical infrastructure. The metro connectivity, proximity to Western Express Highway and presence of reputed educational institutions and hospitals have made it a desirable residential location. This has led to rising rentals in the area as well, with 2 BHK flats now available at Rs. 55,000-70,000 per month compared to Rs. 60,000-95,000 last year. With more infrastructure projects underway, real estate analysts predict steady appreciation in both property values and rental prices in the coming years.

Top Employment Hubs near NESCO

Given its proximity to some key business destinations, NESCO has emerged as a preferred residential locality for working professionals. Some of the top employment hubs near NESCO include:

• The Business World, Patliputra - 1.7km
• JMS Business Centre, Patliputra - 4.1km
• Tech Web Center, Adarsh Nagar - 4.2km
• Hubtown Viva, Pratap Nagar - 4.3km
• Reliable Business Center, Amboli - 4.6km

Famous Localities near NESCO

Given its large area and population, Goregaon has numerous sub-localities within its limits and surrounding vicinity. Some of the famous landmarks in NESCO are:

• Goregaon East
• Andheri East
• Malad East
• Jogeshwari East
• Powai

Top Things to Do in NESCO

Situated in suburban Mumbai, NESCO provides its residents access to various entertainment and recreational activities nearby. Some of the top things to do in NESCO are:

Jogeshwari Caves: 

Located off SV Road, these rock-cut caves date back to the 8th century and depict carvings of Hindu deities. Ideal for exploration and photography.

Mahakali Caves: 

Another set of ancient Buddhist caves managed by Archaeological Survey of India near Andheri station. Portrays artistic talent of bygone eras.

Dadasaheb Phalke Chitranagari: 

India's first operational film studio and museum dedicated to 'Father of Indian Cinema'. Offers insights into evolution of Hindi filmdom.

Powai Garden: 

Sprawling 300-acre garden developed by HNG with walking tracks, jogging trails and artificial waterfalls. Refreshing evening spot.

Versova Beach: 

Clean and wide beach is favored for morning walks as calm sea and lush palm trees enhance its natural charm. Cafes add to the experience.

Conclusion

What’s Good:

The locality within 10-12 km of NESCO offers several advantages. It's a well-connected area, with easy access to major roads and public transportation.

• Proximity to commercial hubs like Mindspace and Inorbit Mall 
• Availability of good educational institutions 
• Presence of healthcare facilities 
• Ample housing options across budgets 
• Numerous entertainment and dining options.

What’s not Good:

However, there are certain drawbacks to consider. The area can be quite congested and crowded, leading to traffic snarls. 

• Limited green spaces and parks in the vicinity 
• Lack of robust infrastructure in some pockets 
• Noise pollution from nearby industries 
• High property prices compared to some other suburbs 
• Limited availability of affordable housing options.