June 5th, 2023
Mumbai, a bustling metropolis, is renowned for its fast-paced lifestyle and dynamic neighbourhoods. Amongst these, Mulund stands out as a captivating residential enclave, earning its moniker "The Prince of the Suburbs." What sets Mulund apart is its distinctive charm and allure, drawing the attention of investors and homebuyers alike. Let's delve into the factors that make Mulund an exceptional destination in its own right.
Mulund's popularity as a residential hub can be attributed to several factors that contribute to its appeal. Regarded as one of Mumbai's well-planned regions, Mulund offers a comprehensive range of essential amenities that attract both investors and prospective buyers. The area boasts excellent connectivity and a developed social infrastructure, making it an ideal choice for the growing working population in the neighbouring areas.
Here are some key factors driving the increasing demand for residential properties in Mulund:
Mulund stands out with its abundant greenery, providing a stark contrast to the urban landscape of Mumbai. Set your sights on breathtaking views of the Yeoor Hills, dense forests, and pristine lakes. Residents have the privilege of living in close proximity to the revered Sanjay Gandhi National Park, immersing themselves in rejuvenating walks amidst nature's embrace. Additionally, Mulund offers a plethora of parks and gardens, inviting residents to indulge in energising jogs and peaceful retreats.
The Mulund lifestyle encompasses a vibrant blend of shopping, entertainment, and culinary delights, ensuring there's never a dull moment. Treat your family to unforgettable evenings at the diverse range of restaurants that cater to all tastes and preferences. For shopping enthusiasts, the LBS Road presents an array of malls where you can indulge in retail therapy or simply unwind with a cup of coffee. Moreover, Mulund's strategic proximity to Thane and Nahur provides residents with access to an extensive selection of theatres and recreational venues to enjoy quality time with their loved ones.
Mulund and its surrounding areas are home to prestigious educational institutions, offering a wealth of schools and colleges. The advantage of residing in Mulund is having top-notch education within easy reach. The best in education is just a stone's throw away, eliminating the need for extensive travel. Parents can provide their children with quality education without compromising on convenience.
Mulund not only serves as an ideal residential and business hub but also caters to those who seek rejuvenating getaways. For enthusiasts of short trips, Mulund's strategic location offers easy access to nearby destinations such as Nasik, Igatpuri, Lonavala, Khandala, and Matheran. Embrace the opportunity to plan that long-overdue trip, pack your bags, and embark on a refreshing adventure.
Mulund boasts excellent connectivity, primarily through the formidable Central line. The area enjoys seamless access to major parts of eastern and southern Mumbai via Lal Bahadur Shastri (LBS) Marg, Mulund-Goregaon Link Road (MGLR), and the Eastern Express Highway.
Additionally, Mulund-Airoli Road provides a crucial link to Navi Mumbai. Notably, the ongoing construction of Mumbai Metro Line 4, connecting Wadala to Kasarvadavalli, will further enhance the region's connectivity to the airport and other areas of Mumbai. The completion of this metro line is expected by the end of 2025.
Mulund offers a wide range of residential options to cater to the diverse needs of homebuyers and investors. The average capital values in the locality, as per market data, are around Rs 19,850 per sq ft.
Rental units are available within the range of Rs 25,000 to Rs 88,000 per month. This makes Mulund an attractive choice for middle-class buyers and investors seeking stable rental returns.
Mulund is in high demand due to its excellent infrastructure and convenient access to various employment centres. The housing market in Mulund offers a wide range of options to cater to different preferences, with available configurations ranging from 1 BHK to 4 BHK units. However, 2 BHK apartments stand out as the most prevalent and popular choice among prospective buyers or renters in the locality.
| Locality | Average Price | Price Trend (5 years) |
|---|---|---|
| Mulund East | Rs 19,400 | 8.7% |
| Mulund West | Rs 20,000 | 16% |
According to realty experts, Mulund witnesses a higher demand from individuals employed in neighbouring commercial and industrial hubs. The locality attracts middle-class homebuyers and tenants due to the availability of affordable and mid-segment residential properties. With consistent residential demand and sustained investor interest, Mulund is poised to gain further prominence as a real estate hub in the foreseeable future.
In conclusion, Mulund has emerged as a thriving residential destination in Mumbai, captivating homebuyers and investors with its unique allure. The region's strategic location, enhanced connectivity, and developed social infrastructure contribute to its growing popularity.
Mulund offers a harmonious blend of natural beauty, vibrant entertainment, and a diverse community, making it an ideal place to reside. With ample residential options catering to various budgets and preferences,
Mulund has become a favourable choice for middle-class buyers and investors seeking stable rental returns. As the demand for residential properties continues to rise, Mulund is expected to further establish itself as a prominent real estate hub in the years to come.
Source: timesproperty.com
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