Why is Mulund Becoming A Popular Residential Location?
Mulund,whichisquicklybecomingoneofthefavouriteneighbourhoodsforreal estateinvestmentsinMumbai,providesawiderangeofresidentialandcommercial alternatives,aswellasexcellentconnectivityandsturdyinfrastructure.Major reasonsfortherisingpopularityoftheareaaresharedinthisblog.
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Geographically,MulundisoneofMumbai'ssuburbsthatisgrowingthefastest. Mulund,aconvenientsuburbinthecity'snortheast,ishometoanumberofthe city'smostpopularshoppingareasandhousingoptions.Mulund,whichwas designedwithamoderngridpatterninmind,hasbeensuccessfulinluringinvestors becauseofitslocationanditsrapidcommercialization.
Factors that make Mulund a favoured residential area
Mulund,oneofMumbai'swell-plannedneighbourhoods,haseveryessential amenityabuyerorinvestormightdesire.Theareaoffersimprovedsocial infrastructureandconnections,drawingasizableinfluxofworkingpopulationfrom nearbylocations.ThefollowingareafewreasonsMulundisbecomingamore desirableresidentialareainMumbai:
Connectivity
MulundisconvenientlyconnectedtoMulundviathepowerfulCentralline.TheLal BahadurShashtriMarg,theMulund-GoregaonLinkRoad,andtheEasternExpress Highwayprovidegreataccesstothearea'skeylocationsineasternandsouthern Mumbai.Additionally,Mulund-AiroliRoadoffersaccesstoNaviMumbai.The WadalatoKasarvadavallisegmentofthecurrentlyunderconstructionMumbai MetroLine4willimproveconnectionbetweentheneighbourhoodandtheairport aswellasotherpartsofMumbai.Bytheendof2025,themetroshouldbefinished.
Social infrastructure
Mulundisrapidlydeveloping,anditsinfrastructureissound.Theareaprovidesthe idealbalanceofcomfortandpleasure.Alongwithnumerousrecreationalandleisure options,theareaboastsastrongsocialandmunicipalinfrastructurethatincludes hospitalsandschools.Someofthewell-knowneducationalinstitutionsinMulund areHolyAngelsMarthoma,BombayPresidencyInternational,&St.Mary'sConvent HighSchool.Thethreewell-knownmalls,RMall,Korum,&Viviana,aresituated5–10kilometresapartfromMulund.Somewell-knownhospitalsintheareainclude Fortis,Platinum,&UpasaniSuperSpeciality.
Ample residential options
Inthearea,typicalcapitalpricespersquarefootrangearoundRs19,850. Rentfor residentialpropertieshererangesfromRs25,000toRs88,000permonth.Thearea hassoestablisheditselfasasuitableoptionformiddle-classpurchasersand investorsseekingconsistentrentalincome.Theoutstandinginfrastructureand closeproximitytonumerousemploymentlocationsinMulundarethemainfactors influencingresidentialdemand.Mulundoffersavarietyofhousingpossibilities, from1to4bedrooms,howeverthemostpopularroomarrangementintheareais the2bedrooms.
Mulund home prices (per square foot)
Rental Expenses
Affordability
Accordingtorealestateanalysts,Mulundhasincreaseddemandfrompeople workinginthenearbycommercialandindustrialcentresWagleIndustrialEstate& LodhaTechnoCampus.Duetotheabundanceofaffordable&mid-segment residentialunits,theareaattractsmoremiddle-classpurchasersandtenants. Mulundisprojectedtobecomeanevenmoreimportantrealestatecentreinthe futurethankstopersistentinvestmentinterestandongoingresidentialdemand.
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