Surging Real Estate in Goregaon

From April 2024 to March 2025, Goregaon’s premium project ‘Elysian’ by Oberoi Realty recorded 116 luxury apartment sales totaling around ₹1,035 crore — an average of ₹50,869 per sq ft 0. This boom has led to comparisons with Bandra, Mumbai’s long-standing luxury hotspot.

Aatish Kapadia’s Statement Purchase

Bollywood actor-director Aatish Kapadia and his wife Alison acquired a 3,030 sq ft apartment in Elysian in June 2025 for ₹15.31 crore. The transaction included stamp duty of ₹91.86 lakh and ₹30,000 in registration fees 1. The spacious unit comes with three dedicated parking spots.

Why Goregaon Is the ‘New Bandra’

Goregaon offers strong connectivity (Western Express Highway, railway, and Metro Line 7), proximity to Film City and commercial hubs, and modern amenities — key factors fueling its rise as Mumbai’s emerging luxury district 2. Developers and agents now frequently call it the next Bandra.

Elysian’s Project Highlights

Elysian comprises high-rise luxury towers with premium facilities, and its incredible sales volume (~₹1,035 crore in a year across 116 units) underscores investor confidence and growing demand among high-net-worth buyers 3.

Price Milestones & Local Comparisons

At ₹50,869 per sq ft, Elysian’s pricing is approaching Bandra’s upscale developments, where exclusive towers like Lodha Altamount command prices north of ₹1,60,000 per sq ft — a record-setting benchmark in India 4.

Mini Timeline

• April 2024–Mar 2025: 116 apartments sold at ~₹1,035 crore in Elysian 5.
• June 2025: Aatish Kapadia deal sealed at ₹15.31 crore, 3,030 sq ft 6.

Trivia & Quiz Facts

• ‘New Bandra’ refers to Goregaon’s rising status matching historic high-end neighbourhoods.
• ₹50,000+ per sq ft is now standard for new-grade luxury in Mumbai suburbs.
• Lodha Altamount in South Mumbai previously held record rates of ₹1.6 lakh/sq ft 7.

Source: India