Why is Mulund Becoming A Popular Residential Location?
Mulund Popular Residential Location, which is quickly becoming one of the favourite neighbourhoods for real estate investments in Mumbai, provides a wide range of residential and commercial alternatives, as well as excellent connectivity and sturdy infrastructure. Major reasons for the rising popularity of the area are shared in this blog.
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Geographically, Mulund is one of Mumbai’s suburbs that is growing the fastest. Mulund, a convenient suburb in the city’s northeast, is home to a number of the city’s most popular shopping areas and housing options. Mulund, which was designed with a modern grid pattern in mind, has been successful in luring investors because of its location and its rapid commercialization.
Factors that make Mulund a favoured residential area
Mulund, one of Mumbai’s well-planned neighbourhoods, has every essential amenity a buyer or investor might desire. The area offers improved social infrastructure and connections, drawing a sizable influx of working population from nearby locations. The following are a few reasons Mulund is becoming a more desirable residential area in Mumbai:
Connectivity
Mulund is conveniently connected to Mulund via the powerful Central line. The Lal Bahadur Shashtri Marg, the Mulund-Goregaon Link Road, and the Eastern Express Highway provide great access to the area’s key locations in eastern and southern Mumbai. Additionally, Mulund-Airoli Road offers access to Navi Mumbai. The Wadala to Kasarvadavalli segment of the currently under construction Mumbai Metro Line 4 will improve connection between the neighbourhood and the airport as well as other parts of Mumbai. By the end of 2025, the metro should be finished.
Social infrastructure
Mulund is rapidly developing, and its infrastructure is sound. The area provides the ideal balance of comfort and pleasure. Along with numerous recreational and leisure options, the area boasts a strong social and municipal infrastructure that includes hospitals and schools. Some of the well-known educational institutions in Mulund are Holy Angels Marthoma, Bombay Presidency International, & St. Mary’s Convent High School. The three well-known malls, R Mall, Korum, & Viviana, are situated 5–10 kilometres apart from Mulund. Some well-known hospitals in the area include Fortis, Platinum, & Upasani Super Speciality.
Ample residential options
In the area, typical capital prices per square foot range around Rs 19,850. Rent for residential properties here ranges from Rs 25,000 to Rs 88,000 per month. The area has so established itself as a suitable option for middle-class purchasers and investors seeking consistent rental income. The outstanding infrastructure and close proximity to numerous employment locations in Mulund are the main factors influencing residential demand. Mulund offers a variety of housing possibilities, from 1 to 4 bedrooms, however the most popular room arrangement in the area is the 2 bedrooms.
Mulund home prices (per square foot)
| Locality | Average Price | Price Trend (5 years) |
| Mulund West | Rs 20,000 | 16% |
| Mulund East | Rs 19,400 | 8.7% |
Rental Expenses
Mulund rental costs (monthly)
| Locality | 1 BHK | 2 BHK |
| Mulund East | Rs 15,000 – 30,000 | Rs 32,000- 45,000 |
| Mulund West | Rs 16,000 – 32,000 | Rs 35,000 – 50,000 |
Affordability
According to real estate analysts, Mulund has increased demand from people working in the nearby commercial and industrial centres Wagle Industrial Estate & Lodha Techno Campus. Due to the abundance of affordable & mid-segment residential units, the area attracts more middle-class purchasers and tenants. Mulund is projected to become an even more important real estate centre in the future thanks to persistent investment interest and ongoing residential demand.
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