[ecis2016.org] Malad east is a locality located in the northern part of Mumbai. Initially, this locality was covered with mangroves and very few people used to live here. However, after the mid-20th century, there has been a turnaround and this area has been quite high in demand, for residential realty among the wealthy class of people. From the early 2000s, this locality has growing tremendously and today, it is an important residential area as well as an important commercial and IT hub.
Malad in the 19th century comprised of several villages like Orlem, Kharodi, Rathodi, Malwani, Marve, Aksa, Madh and Chinchowli. In the year 1934, the first movie company was Bombay Talkies and was established in Malad by Himanshu Rai and Devika Rani. The major localities today in Malad are Sunder Nagar, Govind Nagar and Navy Nagar.
You are reading: Malad east property market: An overview
The real estate of Malad east is booming. There are several builders in Malad east who are constructing several flats and apartments in Malad east. There are several independent houses in Malad east too. Different builders like Classic Builders and Developers and Ravi Group of Companies are constructing flats of different sizes, which provides a wide a range of amenities to suit its customers.
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Connectivity with nearby Malad east localities
- The distance from Mumbai Central railway station to Malad east is 27.2 kilometres.
- The distance from Chatrapati Shivaji Maharaj Internation Airport to Malad east is 11.5 kilometres via Arey Road.
- There are several bus stops in the locality which help to connect with other areas.
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Employment hubs near Malad east
- The distance from Bandra to Malad east is 14.9 kilometres via New Link Road.
- The distance from Andheri east to Malad east is 9.8 kilometres via the Western Express Highway.
- The distance from Powai to Malad east is 11 kilometres via JVLR and Western Express Highway.
Various schools in Malad east include Mahindra Academy and Scholars Academy. The hospitals in Malad east are Shree Balaji Super Speciality Hospital and Sai Kripa Hospital and ICU among others. Shopping complexes in Malad east are Central Shopping Mall and Oberoi Mall. Banks and ATMs in Malad east include State Bank of India ATM and Axis Bank ATM. The various restaurants in Malad east include Chinese Corner and Domino’s Pizza. Amusement parks in Malad east include Shree Maheshwari Garden and Raheja Garden.
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Price trends in Malad east
The price trend in Malad east in the year 2016 October to December is as follows: The highest rate for multi-storey building is Rs 18,106 per sq ft, the average rate is Rs 14,563 per sq ft and lowest rate is Rs 11,020 per sq ft. The highest rate for residential house is Rs 16,720 per sq ft, the average rate is Rs 13,437 per sq ft and lowest rate is Rs 10,154 per sq ft.
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Reasons to invest in Malad east
Malad east is one of the fastest growing localities in Mumbai. This area is well-known for its residential colonies and also for its IT hubs. It is in close proximity to other employment hubs, as well. The social infrastructure of this area is well-developed and people residing in this area will not face any difficulties. The transport system is good and the railway and airport are also close by. Most white collared workers wish to live in this area and many real estate developers are constructing apartments and houses for them. It is predicted that Malad east will soon become one of the top localities of Mumbai.
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Source: https://ecis2016.org/.
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Category: Lifestyle
