What are your first thoughts when you hear about the place called “Mulund”? Well, most of us would probably think of an industrial area with a meager population or a quaint suburb. It’s time to change your mindset.
Mulund, which is part of northeastern Mumbai, is popularly known as the “prince of the suburbs”. It's due to its pivotal location and exponential development curve.
Mulund is an abode to several massive industrial factories. It's well connected to other suburbs and cities by an adequate network of trains, BEST buses, and roads including a national highway. Mulund is a stop for slow and semi-fast local trains on the central line of the Mumbai suburban network. Mulund offers excellent connectivity to most regions of India through Mulund-Airoli Bridge and Eastern Express Highway.
All these factors have contributed to transforming the suburb as the most preferred destination for real estate buyers and sellers. And it goes without saying that the builders in Mumbai are really making hay while the sun shines.
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Why Magnificent Mulund is realtors friendly?
Logistical viability: Mulund is centrally located between Thane (on the north) and Mumbai (to the south). It makes easy access to different modes of transport. Slow and Semi-Fast local trains has stoppage at Mulund Railway Station. The Chhatrapati Shivaji International Airport too is not very far. Public transport (buses/auto rickshaws/taxi) come to the rescue of travelers both locals and those who are new to the area. This well-connected transportation system has attracted the builders in Mumbai to build beautiful residential complexes which are selling as hot cakes now.
Welcomes Commercial hubs and Industrial establishments: Mulund houses several corporate giants such as Johnson and Johnson Pvt. Ltd. & Marathon Realty Pvt Ltd. thanks to the rapid urbanization it underwent in the recent past. Commercial clusters at Powai, Vikhroli, Bandra – Kurla are all reachable at a radius of 20 km. This has motivated both builders in Mumbai and prospective buyers to prefer Mulund over other congested areas of Mumbai.
Reputed Educational Institutions: One of the main contributing factors in the development of a city is the level of education available to its residents. Mulund is blessed with renowned educational institutions like Mulund College of Commerce, VG Vaze College of Arts, NES International School, Holy Angel’s High School, etc.
Hospitals and other medical facilities: Famous hospitals like Fortis Hospital, Dr. Mukhi's Raj Hospital, Hira Mongi Navneet Hospital and Aditi Hospital operate from Mulund. So all your medical needs are well taken care of.
Recreational Centers: Recreational parks like Dr. Chintamani Deshmukh Garden, Johnson and Johnson Park, and Sardar Pratapsingh Garden, as well as shopping malls like R Mall and Nirmal Lifestyle act as recreational spots and are the favorite hangout places of youngsters.
All these and many other features have converted Mulund from a suburb to a bustling cosmopolitan city, which has directly paved the way for the real estate industry to flourish. Several commercial office spaces in andheri east have constructed tall towers and townships which impart a dynamic vision to the construction industry. Chandak Properties is a well-known name in the real estate sector today, and they promise to offer luxury residential apartments at affordable rates to all. Their one such partnership project is Atmosphere in Mulund West. The other partners are Wadhwa Group and Man Infraconstruction.
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Enhanced Luxury Living
Many high profile Builders in Mumbai are now eyeing Mulund for their new and upcoming projects. Chandak Properties, for instance, follow a success mantra as “Aesthetic homes with top class amenities at an affordable price to all age groups.” Which almost sums their vision of providing better living facilities for everyone.
Market Trend
Real estate prices in Mulund shows an upward trend since 2008 with many properties seeing 2 to 3 times increase in the rates. This trend is seen across the entire real estate sector which includes residential and commercial infrastructure.
Future Prospects
With the successful launch of Mumbai Metro (Line 4), property prices in Mulund are bound to increase manifold in the times to come. Also, the laying of Goregaon-Mulund Link Road would add fuel to this fire.
Incentives and recognition from the Government to private players in the market who are working towards the ‘Housing for all by 2020’ dream is an additional motivating factor for property developers, which mostly include high and mid-level builders from Mumbai.
On the whole, the real estate sector seems to have an upward trend for Mumbai in general and Mulund in particular. This not only means that this place is going to see a lot of infrastructure development but also it's going to be on a favorite list of the investors who are looking for investment option with assured returns. This could be your gold mine. If you analyze the scene closely you will see a trend where many 3 bhk flat in goregaon west from Mumbai are moving their fresh projects to the suburbs which are more cost-effective and give better returns. In real estate, builders are the best people to follow. This is your chance.
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