Mulund- The Prince of Suburbs

Mulund- The Prince of Suburbs
20/03/2018 , by , in EXPERT ZONE

The economic capital, Mumbai has undoubtedly been India’s most preferred investment hub. Regardless of the sky-rocketing realty prices, the property market of this city has continuously remained unwavering. Thanks to the commencement of novel developments day after day, Mumbai in current times is definitely beholding the ‘Emergence of Civilization’.

The real estate growth and development was once upon a time only confined to the southern tip of Mumbai like in areas of Colaba, Cuffe Parade, Malabar Hill and Marine Drive, but today the central suburbs of Mumbai have also speedily emerged as the most favoured real estate hotspots. Mulund an evolving central suburb of Mumbai, is one such area that has materialised and transformed into a desired Housing destination in current times. The mounting residential improvements in Mulund are the actual mark of the new era of revolution taking place here. Moreover, factors like the swift infrastructure development and effortless connectivity with the city have nothing but altered Mulund into one of the most preferential sites to reside in the city.

Located strategically at the foothills of Sanjay Gandhi National Park, Mulund still continues to preserve much of its foliage that most developed suburbs in the city greatly lack. No more afar-off corner on Mumbai’s outskirts, Mulund today has developed into a flourishing suburb boasting of a highly refined quality of living. And it is definitely a smart real estate investment choice for more than just a beautiful green environment. Being situated on the central railway line, the suburb offers close proximity to emerging satellite towns of Thane and Navi Mumbai and offers an easy accessibility to the Eastern Express Highway and Mulund-Airoli Bridge that lie in the neighbourhood.

The area which is a chief station after Nahur on Mumbai’s central railway route has at all times been home to the capital’s quintessential middle-class and upper middle-revenue groups. Owing to the fact that Mulund enjoys an easy accessibility to work spaces in both central and Western suburbs, it has perceived a steady demand from the mid-management cadre of home investors over the years.  The suburb enjoys excellent connectivity via the Eastern Express highway, along with a number of internal roads, thus making the area integrally traversable and approachable. With the Indian Government conferring an infrastructure status to the affordable housing segment, a number of high-end as well as affordable residential projects are dotting the landscape of this fast-growing suburb, thus bringing the government close to achieving the dream of ‘Housing For All by 2022’.

 

Here’s why buyers and investors should consider investing in this suburb:

Tactical location and infrastructure development: The area scores a perfect ten as far as connectivity is concerned. The growth in Mulund’s property sector has been enhanced by the speedy infrastructure development. Thanks to the Eastern Expressway, Mulund is very well linked to the other suburban areas of Mumbai like Thane, Bhandup, Nahur, Vikhroli, Kanjurmarg Ghatkopar and Powai. The infrastructure wonders like SCLR (Santacruz Chembur Link Road) serves as a quick link to other suburban areas of Chembur and Navi Mumbai. A major real estate boost to Mulund is the progress of Ghodbundar Road, which seamlessly links the eastern suburbs of Mumbai to the western suburbs like Dahisar, Borivali, Bhayander and Mira road, this growth has further positively induced evolution in realty rates and has enhanced investment demands in the area. The Metro Corridor 1 that runs from Ghatkopar to Versova proves to be a blessing for this suburb as it has made it possible to commute to the western suburbs of Bandra, Andheri, BKC, Malad and Borivali effortlessly. Also, the Metro linking Charkhop to Mankhurd is the new advance that will bring about an optimistic property growth in these areas. An easy connect to domestic and international airports further adds to the suburbs infrastructural appeal.

Social Infrastructure Growth: Towards the late nineties, this suburb saw a vivid alteration. Mulund was principally a middle-class north-eastern suburb, over the years, it has resurged to transform into a retail hub in a span of just 10 years. Age-old factories and structures have been replaced and malls, cineplexes, entertainment and recreational zones, first-rate health-care and educational institutions and skyscrapers have come into existence, thereby majorly fluctuating the skyline. Mulund’s L.B.S. Road is a considerable evidence to this fact as it is brimming with attractions like R Mall, Dmart, PVR Cinemas, Kalidas Sports Complex, Johnson & Johnson Park and Fortis Hospital to name a few.

Future Progress: There is definitely more in store for this growing suburb. Infrastructure is continuously being amended upon, and there are plans to further spread the Mumbai Metro line.

The Mumbai City Development Plan 2005–2025 has also proposed the construction of a Goregaon-Mulund Link Road, which once implemented will enrich connectivity to Mumbai’s Western suburbs. Because of the superior town planning, there is an unmatched connectivity from Mulund Railway Station to all the roads connecting either Mulund-Goregaon Link Road or L.B.S. Road. Furthermore, the proposed metro Line 4 that runs from Wadala to Kasarvadavali being planned in the neighborhood will serve be a benefit to the commuters because of its exceptional connectivity. Adding another feather to the hat is the introduction of the proposed Mumbai-Ahmedabad bullet train that will add to Mulund’s residential and commercial charms, inviting a gamut of investors and property seekers. From physical infrastructure amenities to an ever-rising employment market, from the forthcoming metro rail enhancing the process of connectivity to the upcoming retail and commercial markets real estate in this area will surely undergo a positive impact in the future years.

Realty investors, home buyer, developers or builders, everyone is guaranteed with the profitable returns as far as real estate in Mulund is concerned. To conclude, the improved infrastructure growth, advanced technological outbursts utilized in residencies, high-end skyscrapers and reasonably priced residential complexes all these factors are indisputably accelerating the valuation of the locality in the coming years.

 

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