[ecis2016.org] Located between Thane and Navi Mumbai, Mulund is a suburban locality of north-eastern Mumbai. It is divided into two parts—Mulund west and Mulund east
Mulund lies close to a number of developed areas of Maharashtra. It houses some of the biggest companies of India, namely Johnson and Johnson, Wellcome (Glaxo), Hoechst, Richardson Cruddas, Chicago Pneumatic, Oxygen, ACC, Merind and Agfa & Gabriel. As a result, Mulund east is a growing residential as well as commercial hub.
You are reading: Mulund east property market: An overview
Connectivity with nearby Mulund east localities
The locality is well-linked to various developed areas of Maharashtra and a number of hotels, schools, banks and hospitals via an excellent network of railways and roadways.
- The locality is located close to the two prominent areas of Maharashtra i.e., Navi Mumbai and Thane.
- The Airoli-Mulund Road, Eastern Express Highway and Lal Bahadur Shastri Road connect Mulund to various parts of Maharashtra.
- The Chhatrapati Shivaji International Airport is located at a distance of 14.3 kilometres from Mulund east.
- The Central railway station is located at a distance of 30.1 kilometres from Mulund east.
[ecis2016]: Property rates & trends in Mulund East, Mumbai
Employment hubs near Mulund east
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Mulund east has witnessed an increase in the population in the recent years owing to its proximity to various employment hubs and offices set up by some of the leading companies of India.
- SEEPZ is situated at a distance of 12.7 kilometres from Mulund east.
- Powai is situated at a distance of 9 kilometres.
- Bandra-Kurla Complex is just a 27 minute ride from the locality and is situated at a distance of 17.2 kilometres.
The social infrastructure in the region is good. There are several schools, colleges, hospitals, banks, restaurant and amusement parks in Mulund east. The schools and colleges in Mulund east include Ramanand Arya DAV College, Vikas College of Arts and Commerce, Mulund College of Commerce, Datta Meghe College of Engineering, DAV International School, Billabong High International School, etc. The list of major health institutions in Mulund east include Navneet Hospital, Maruthi Nursing Home, Chandra Hospital, Holy Trinity Hospital, etc.
Apart from that are banks and ATMs too in the area. The locality also provides its residents with many luxurious shopping centres such as R Mall, Lifestyle, GBIM Store, Vishal Mart, Ecstasy-The Mall and Kapish Mall.
Physical infrastructure in Mulund east
Plans for the development of Goregaon-Mulund Link Road (GMLR) have been made by the BrihanMumbai Municipal Corporation (BMC) which will link Jogeshwari-Vikhroli Link Road (JVLR) and the stretch connecting Aarey Colony to Powai, Mulund and Vikhroli.
Price trends in Mulund east
- Price appreciation in Mulund east—Around 27.9 % in last 2 years.
- Current property rates in Mulund east—Rs 12,544-Rs 18,278 per sq ft.
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Reasons to invest in Mulund east
Presence of many business offices in and around has made Mulund east a coveted working as well as a residential destination of Mumbai. Further, big-ticket projects like Dhanista Group’s Allure, Rupji Constructions’ Vedant, TATA Housing’s Aveza and Soham Real Estate’s Eastern Crest are leading to a surge in property prices in the area. This rise in property prices in Mulund east, suggests that the locality will be a good investment destination in the future.
Check properties in Mulund East
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Category: Lifestyle
