Top 5 reasons to invest in Mulund

BY Realty Plus

Authored by Maulik Sheth, Director, Ashwin Sheth Group The economic capital, Mumbai has undoubtedly been India’s most ideal investment hub. Amidst Mumbai being be the densely populated city, few suburbs are still left that can provide a healthy, sustainable and yet luxurious lifestyle in and around the city. Mulund being one of the most well developed suburbs of all. Hailed as the ‘Prince of Suburbs’, Mulund with its massive crown of green, having the Sanjay Gandhi National Park on one side –keeps the hopes of home seekers and investors alive in the market. Irrespective of the sky-rocketing prices of the realty sector in the city, the property market has continuously remained steady despite of various government norms coming in play time and again. Thanks to the commencement of novel developments happening each day, Mumbai in current times is definitely beholding the ‘Emergence of Civilization’ at large. At one point the real estate growth and development was 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 preferred real estate hotspots. Over the years factors such as Connectivity, Healthcare, Education, Social Infrastructure, Nature, Price Points, Residential, Commercial, and Social Infrastructure have driven the Mulund market by storm. Mulund has been evolving as a central suburb of Mumbai as one such area that has emerged and transformed into a desired housing destination in current times. The mounting residential enhancements in Mulund are the actual mark of the new era of revolution taking place here. Here’s why buyers and investors have considered investing in this suburb:

• Tactical location and infrastructure development: The growth in Mulund’s property sector has been boosted by infrastructure development in and around this suburb. For example, Thane-Belapur Link Road being widened and flyovers constructed in the recent past has proved to be a vital link to various areas of Navi Mumbai. Similarly, construction of metro rail has begun to connect Mulund with the far off areas of Ghodbundar Road as well as that with Wadala and eventually CST. Plans are in the advance stages to further link Mulund with Mira Road and Borivali, which are on the other end of Sanjay Gandhi National Park, via a metro rail.

 

• Connectivity: Mulund is well-connected with various areas of Mumbai, Navi Mumbai and Thane, thereby making it a focal point. The residents have excellent access to the rest of the city through road, rail and public bus services. The area scores a perfect ten on ten as far as the connectivity is concerned. Those driving down to work have Eastern Express Highway, which is eventually connected to Eastern Freeway. On the other hand, Navi Mumbai is just across the creek. Those who believe in decongesting roads and taking up public transport, public buses ensure you are connected with Thane, Navi Mumbai and the rest of Mumbai.

 

• Residential & Commercial Growth: Mulund has witnessed a large number of homebuyers belonging to SEC A+, A and B. These set of consumers are generally well-travelled and seek a certain standard of living. With the availability of substantial land parcels at affordable rates, there is scope for development in the access to premium segments. To further enhance the livability quotient, the business districts of MIDC, Bandra-Kurla Complex, SEEPZ and Powai are located in proximity to this busy suburb. Residents of Mulund can save a significant amount of their commute time to work and maintain a better work-life balance. Owing to these expansions, Mulund has seen a steady appreciation in property prices, however homebuyers are willing to pay a premium for the same. Montana by Ashwin Sheth Group is one such project with great facilities and amenities providing excellent connectivity.

 

• Social Infrastructure: Mulund has countersigned to a vibrant life with diverse communities coming together in one place. In the past few years, there have been many restaurants, social places, pubs and malls mushrooming in and around Mulund providing residents with access to good quality of life. There are several leisure options as well with several multiplexes and Sanjay Gandhi National Park in proximity. Mulund also hosts to some of the leadings educational institutes and healthcare facilities like Fortis Hospital. One need not look out too far for a comfortable and convenient lifestyle.

 

• Future Progress: There is definitely more in store for this growing suburb of Mulund with infrastructure is continuously being altered upon. As per the Mumbai City Development Plan (2005–2025) Goregaon-Mulund Link Road is proposed. In February, the National Wildlife Board gave a nod to the project. When implemented this will drastically cut short the travel time between Eastern and Western Suburbs, making Mulund the centre point of connectivity towards Navi Mumbai, Thane, Western Suburbs and Eastern Suburbs. 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.

  Real estate investors, home buyers, 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 fast-tracking the valuation of the locality in the coming years.  

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