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Magnanimous Mulund

Saturday, October 20, 2018

By Rajeev Jain, Director, Nirmal

Mulund is nestled alongside the foothills of the Sanjay Gandhi National Park with easy access to the Eastern Express Highway(NH) and Navi Mumbai through the Mulund-Airoli Bridge. Mulund is fondly known as the prince of suburbs with Bandra as its princess.With enhanced transportation and connectivity, Mulund is one of the fastest growing areas of Mumbai. Mulund is the only planned suburb in Mumbai and it is lined up on the modern grid pattern, mirroring western cities like London or New York. Mulund is known as one of Mumbai's most sought-after places to settle.

Mulund Station falls on the central line of Mumbai railway. Mulund is well connected to other suburbs by adequate network of trains, BEST buses and roads including a national highway. Easy access to the Eastern Expressway means that connectivity to the city is also quite seamless. If you need to enter the western suburbs, look no further than the Mulund-Goregaon Link Road. The proposed Line 4 of the metro rail will be laid along Wadala – Ghatkopar – Mulund – Teen Hath NaKa in Thane – Kasarvadavali. The business hubs like MIDC, SEEPZ, Powai and Bandra-Kurla Complex are within close proximity as well.

Other than connectivity, Mulund is self-sustaining on its own with all entertainment, educational, medical institutions in the vicinity. The area is home to some of the best educational institutions in the city like DAV International School, NES International School, S.M. Shetty International School & Jr. College and J. J. Academy, V.G.Vaze College of Arts, Science and Commerce, Jai Bharat College of Commerce, and Mulund College of Commerce.It has the esteemed Fortis Hospital for efficient healthcare along with a few other major hospitals like Platinum hospital, E.S.I.S. Hospital, Hira Mongi Navneet Hospital and Apex hospital.

Increasing number of people are relocating to Mulund considering the presence of good infrastructure and excellent connectivity along with a higher quality of living, affordable property rates and employment opportunities. There is a unique range of houses that a buyer can choose from, be it affordable or luxury. The range of prices of houses in Mulund starts from as low as 40-50 Lakh and go up till 6 to 7crores. Mulund has also witnessed real estate developments combining offices with the retail component. As the place is still developing, it has ample of space for construction and growth. Since there are easy ways to connect with Mumbai city, the scale of buyers is growing at a rapid pace.The locality’s proximity to major areas has driven the demand for luxury housing from both buyers and investors.

Mulund as a location is strategically placed in terms of its connectivity to the peripheral commercial nodes of Mumbai and is at the lowest of the market in terms of its pricing as it is the last precinct of Eastern Suburbs in Mumbai and thus having a dual advantage. Reputed players in the construction industry such as Oberoi, L&T and ShapoorjiPallonji have also entered Mulund market that will help in further enhancing attractiveness of Mulund market and will transform the existing landscape of real estate in the near term.

With so many reputed developers coming up with their real estate projects in Mulund in the next few years, it will definitely change the face of Mulund real estate market along with the physical and social infrastructure.

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