[ecis2016.org] Malad west, a locality in the northern part of Mumbai, is one of the fastest growing suburbs of the city
Until the mid 20th century, Malad was a sparsely populated suburb cut across by creeks and mangroves. However, since the late 20th century, the area started growing and witnessing good housing demand from the upper and middle-class people. Today, Malad is an important residential area, as well as an important commercial and IT hub.
You are reading: Malad west property market: An overview
In the 19th century, Malad was comprised of several villages like Orlem, Kharodi, Rathodi, Malwani, Marve, Aksa, Madh and Chinchowli. Today, the major localities in Malad include Sunder Nagar, Govind Nagar, Navy Nagar, etc.
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Owing to the various developments, real estate of Malad west is booming. There are several builders in Malad west who are constructing various flats and apartments in Malad west. There are several independent houses in Malad west too. Prominent builders like Rajesh Life Spaces, Rustomjee Group, etc., are constructing flats of different sizes in the area which aim to provide a range of facilities to the customers.
Connectivity with nearby Malad west localities
- The distance between Central railway station in Mumbai and Malad west is 23.1 kilometres.
- The Chhatrapati Shivaji International Airport is 12.2 kilometres away from Malad west.
- Several bus services operate in Malad west, which connects it with other areas.
[ecis2016]: Property rates & trends in Malad West, Mumbai
The social infrastructure of Malad west is well-developed. There are several schools and colleges located in this area. There are well-equipped hospitals and diagnostic centres too in Malad west. Amusement parks, movie halls, shopping malls and restaurants can also be seen in the area. Schools in Malad west includes Rose Mary English High School, Holy Mother English School, etc. There are various hospitals in Malad west like Maulana Abdul Kalam Azad Hospital, Dr Amulya Sahu Eye Hospital, etc. There are banks in Malad west too like Axis Bank ATM, ICICI Bank ATM, etc. The list of restaurants in Malad west include Cafe Ajwa, The Hangout Pizza Hub, etc.
Employment hubs near Malad west
- Malad west is in itself a business hub with several IT companies located in this area.
- The distance between Bandra and Malad west is 20.6 kilometres via the Western Express Highway.
- The distance between Andheri and Malad west is 12.1 kilometres via the Western Express Highway.
- The distance between Powai and Malad west is 13.3 kilometres via Jogeshwari – Vikhroli Link Road.
Price trends in Malad west
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As per October-December 2016, price trend in Malad West show that the highest rate for multi-storey buildings in the region is Rs 18,486 per sq ft, the average rate is Rs 14,712 per sq ft and the lowest rate is Rs 10,939 per sq ft. The highest rate for builder floor apartments is Rs 20,836 per sq ft, the average rate is Rs 16,970 per sq ft and the lowest rate is Rs 13,105 per sq ft. The highest rate for residential houses is Rs 15,932 per sq ft, the average rate is Rs 12,323 per sq ft and the lowest rate is Rs 8,715 per sq ft.
Reasons to invest in Malad west
Malad west is one of the fastest growing localities in Mumbai. This area is well-known for its residential colonies. It is also an IT hub and lies close to other employment hubs of Mumbai. The social infrastructure of this area is also well-developed. The transport system is good too and the railway station and airport are near. As most white-collared workers wish to live in this area, many real estate developers are constructing apartments and houses in this area. Soon, it will be one of the sought after localities of Mumbai.
Check properties in Malad West
Source: https://ecis2016.org/.
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Source: https://ecis2016.org
Category: Lifestyle
