Mulund Property Market

Why Mulund property market is gaining momentum among home buyers?

Mumbai News

Known as the prince of suburbs, Mulund marks the end of the Mumbai city. Located in the northeast direction, Mulund is settled alongside the foothills of the Sanjay Gandhi National Park which makes this region serene and environment-friendly. Due to this, in recent times, the property market of Mulund has gained a lot of momentum among many home buyers.

 

One of the earliest planned neighbourhood of Mumbai city, the development plan of Mulund was designed by architects Crown & Carter in 1922, which extends from present-day Mulund railway station to Paanch Rasta road junction in Mulund (West).

 

So let’s understand what makes this place a most look-after property market of Mumbai:

 

Connectivity

Mulund is well connected to suburbs of Mumbai as well as other cities by an adequate network of rail, and roads including a national highway. Mulund station falls on the central line of Mumbai railway. It has also easy access to the Eastern Express Highway and Navi Mumbai through the Mulund-Airoli Bridge.

 

Education and Entertainment

The region boasts many renowned and famous educational institutes and schools like Mulund College of Commerce and V. G. Vaze College of Arts, Science, and Commerce, H.K. Gidwani High School, IMS India, Sharon English High School, St. Pius X High School etc.

 

The place is also famous for many recreational centers like Cinema halls, shopping malls, auditorium etc. Mulund Gymkhana and Talwalkars are also located here. Kalidas Sports Complex is the major sports complex which comes in this region. Shopping malls like R-Mall and Nirmal lifestyle are also the most loved destinations among the residents and college students.

 

Infrastructure

Because of the presence of various industries in its vicinity, Mulund’s property market has fuelled up in recent times with an increase in demand from many home buyers.

 

According to realty experts, “Due to its strategic location and better infrastructure, Mulund fascinates many home buyers. Apart from this, the suburb also enjoys close proximity to the Sanjay Gandhi National Park. Well-defined industrial presence, streamlined connectivity and increasing number of residential projects, are making Mulund a sought-after destination among buyers and developers.”

 

Several proposed infrastructural developments are also in the list. For example, BMC is currently working on the 14-km-long Goregaon-Mulund Link Road (GMLR). Once it will get completed, the travel time between Mulund and Goregaon is likely to reduce to 15-20 minutes, as compared to the present time of over one hour. The proposed GMLR will be the fourth east-west corridor connecting the suburbs. This stretch will consist of three flyovers, an underpass, a rotary and a five-km, six-lane tunnel under the Sanjay Gandhi National Park, from Goregaon Film City to Bhandup.

 

Other major infrastructure projects include a monorail and extension of the metro rail line.

 

Property price and trend

Mulund today is preferred by many residential home buyers due to its better infrastructure and connectivity to many industries as well as commercial offices. The resident of the locality ranges from the middle class, entrepreneurs to those who are working in the movie and television industry.

 

While first-time buyers have the options to choose from studio apartments as well as two BHK flats at much affordable rates, the business families prefer spacious three and four-bedroom residences which they can easily avail in the region.

 

So, with lots of open spaces, natural surroundings, and proposed infrastructural developments, Mulund offers a good living standard with a vigorous lifestyle too.