Why is Mulund Becoming A Popular Residential Location?

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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)

Locality Average Price Price Trend (5 years) MulundWest Rs20,000 16% MulundEast Rs19,400 8.7%

Rental Expenses

Affordability

Accordingtorealestateanalysts,Mulundhasincreaseddemandfrompeople workinginthenearbycommercialandindustrialcentresWagleIndustrialEstate& LodhaTechnoCampus.Duetotheabundanceofaffordable&mid-segment residentialunits,theareaattractsmoremiddle-classpurchasersandtenants. Mulundisprojectedtobecomeanevenmoreimportantrealestatecentreinthe futurethankstopersistentinvestmentinterestandongoingresidentialdemand.

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Mulundrentalcosts(monthly) Locality 1 BHK 2 BHK MulundEast Rs15,000-30,000 Rs32,000-45,000 MulundWest Rs16,000-32,000 Rs35,000-50,000

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