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Mulund - The Prince of Suburbs

Saturday, February 16, 2019

By Maulik Sheth, Director, Ashwin Sheth Group

Designed by renowned architects Crown and Cater, Mulund was envisaged back in 1922 and is now one of the first planned towns. Giving tough competition to western cities like London and New York with its meticulously planned grid patterns, Mulund is poised as an attractive realty hub. With the burgeoning of mesmerising towers and townships, the suburb is modifying the real estate landscape. Additionally, infrastructure development has picked up the pace and effortlessly connected Mulund to other nodes of the city. These cumulative factors have made Mulund an enviable mix of convenience and leisure making it an ideal destination for those looking to be a part of the hustle bustle but still, enjoy peace and calm.

Let’s look at why you should invest in Mulund to get your money’s worth!

Residential Market
The gentry of Mulund comprises of homebuyers belonging to SEC A+, A, and B and this cohort of consumers are generally well travelled and have an eclectic style of living. The huge land parcels at attractive rates make future development possible in the affordable to premium segments. The residential projects in Mulund are thus encompassed with impressive amenities such as state of the art clubhouses, gymnasiums, jogging tracks, multipurpose courts, banquet halls, etc.

Commercial Hubs
The liveability quotient is enhanced as several business districts such as MIDC, Bandra-Kurla Complex, SEEPZ, and Powai are in proximity of this bustling suburb. Residents of Mulund can save a significant amount of their commute time to work and maintain a better work-life balance.

Basic and Social Infrastructure
The emergence of a vibrant lifestyle over the past few years in Mulund with the presence of top-notch malls, restaurants, and open parks has provided residents with access to a plethora of options for entertainment and leisure. Mulund is also equipped with quality healthcare and educational institutions.  One need not look out far for a comfortable and convenient lifestyle and can rest assured that they are getting value for the investment in this locality.

Mulund’s value proposition is instantaneously enhanced with the seamless connectivity options available. The suburb ranks high in terms of transport facilities with its effortless accessibility to the rest of the city through central suburban rail network and roads. Mulund, in fact, is one of the busiest railway stations and the lively Lal Bahadur Shastri (LBS) Road and Eastern Freeway provide an easy commute to South Bombay, Navi Mumbai, and Thane. The international airport is also a short commute. The connectivity in Mulund is also set to be enhanced and the eastern and western nodes of the city will be closer than ever with the proposed 14km Goregaon Mulund Link Road (GMLR) which will cut the travel time from Goregoan to Mulund to approx. 20-25 minutes.

With Mulund providing an all-around lifestyle and a holistic living development, one need not go out of the way to live a comfortable life. Mulund has seen a uniform appreciation in property prices however homebuyers are willing to pay a premium for the same. Several reputed developers such as AshwinSheth Group have projects in Mulund.  Montana by Sheth and Emami is a luxury masterpiece spread across 7 acres is located on the arterial LBS Road in Mulund (W). The opulent structure offers homes of 2, 3, and 4 BHK and unites nature’s real beauty and the luxuries of modern living. Montana also offers several lifestyle amenities such as a dedicated space for indoor games, kids’ play zone, senior citizens’ zone, banquet hall, business centre, jogging tracks, gymnasium, tennis and basketball courts, jacuzzi, and a spa among others. One can truly experience life in the lap of luxury. The future of the real estate market of Mulund truly looks bullish and is living up to its name of ‘Prince of Suburbs’,  and will see further enhancement in the coming years.

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