Lifestyle

Mulund west property market: An overview

[ecis2016.org] Mulund West is a North Eastern suburb of Mumbai which is a fast developing township with very well connectivity to most major commercial hubs of the city.

Mulund is a suburban town in the north-eastern part of Mumbai. Mulund also has a railway station located on the Central Railway line on the Mumbai suburban railway. Nestled along the foothills of the Sanjay Gandhi National Park, Mulund is easy accessible to most parts of India via the Eastern Express Highway and Mulund-Airoli bridge. Mulund west, owing to its strategic location is often referred to as the ‘prince of the suburbs’. It is also marks the end Mumbai city. Like most parts of Mumbai suburbs, Mulund is divided into east and west.

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The history of Mulund dates back to the time of the Mauryan Empire. It also happens to be one of the earliest planned neighbourhoods of Mumbai city. In 1922, architects Crown & Carter designed a gridiron plan, which extends from present day Mulund railway station to Paanch Rasta Road junction in Mulund west. Although an old locality, globalisation during the 1990s transformed Mulund, with its old structures giving way to modern high-rises, shopping malls and cineplexes.

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Modern buildings and luxury residential apartments have given a new skyline to this suburban neighbourhood of Mumbai amidst which the Johnson and Johnson factory, a significant landmark continues to be one of the old buildings amidst the new architecture.

Connectivity with nearby Mulund west localities

  • Mulund west is well-connected both via railway and road. The Lal Bahadur Shastri Marg connects Sion to Mulund west. The Mulund railway station connects the area to Bhandup, Ghatkopar and Vikhroli. Bus services are offered by service providers like BEST, NT, VT and TMT.
  • Chhatrapati Shivaji Railway Terminal is 32 km away.
  • The newly proposed Goregaon-Mulund Link Road (GMLR) is expected to connect Jogeshwari Link Road and connecting areas like Powai and Vikhroli.

Employment hubs near Mulund west

There are several major companies in Mulund west and it is also well-connected to most commercial hubs of Mumbai.

  • Mulund West has renowned offices of Johnson and Johnson, Wellcome (Glaxo) and Hoechst and Merind.
  • Powai is located 12.5 kms away.
  • MIDC in Andheri East is located 9.5 kms away.
  • Bandra-Kurla complex is 20.2 kms away via the Eastern Express Highway.
  • Mulund West boasts of famous engineering companies like Agfa, Gabriel and Richardson Cruddas.

Schools in Mulund west and other social amenities

There are several reputed schools in Mulund West that include HK Gidwani High School, Holy Angel’s High School. Some tertiary educational institutes and colleges in Mulund west are Mulund College of Commerce, VG Vaze College of Arts, Science and Commerce. Reputed and reliable hospitals in Mulund west include Fortis Hospital, Panchsheel Hospital, CHETNA Critical Care Unit.

There are several recreational parks in Mulund West such as the Kalidas Gardens, Sambhaji Garden, Dhingra Park, Johnson and Johnson Park etc. to name a few. There are several shopping malls too around the area with the most popular ones being R Mall and Lifestyle.

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Average size of flats in Mulund west range between 410 sq ft to 3,774 sq ft. Reputed builders presently constructing projects in Mulund west include K Hemani Group, Marathon Mblem Group, Gulmohar and Lifestyle US Open.

Reasons to invest in Mulund west

Mulund west is strategically located and lies close to major business hubs and IT parks. This has led to a significant rise in demand for apartments in Mulund west. There are many builders in Mulund west presently constructing properties that has opened up prospects for investment for potential buyers. Given the rate of development of this suburb and its proximity to prominent locations, Mulund west holds great potential for investors with greater chances of profitable returns.

Check properties in Mulund west

Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org

Source: https://ecis2016.org
Category: Lifestyle

Debora Berti

Università degli Studi di Firenze, IT

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