Introduction
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Projects in Mulund, Mumbai: As one of the preferred suburbs for real estate investment in Mumbai, Mulund is a fast-growing area that offers ample residential options and numerous commercial units. Along with superior connectivity and sound infrastructure, properties in Mulund have also shown steady growth over the past few years. OpenPlot shares the main reasons behind Mulund’s growing popularity as a potential investment hub.
Residential projects in Mulund, a well-located suburb in the northeast of Mumbai, have some major commercial hotspots and several residential options. Planned on a modern grid pattern, Mulund has recently been able to attract investors due to its geographical location and rapid commercialization.
Top reasons to invest in Mulund
Touted as one of the best-planned localities in Mumbai, Mulund has all the basic amenities that an investor or buyer can look for. The region has better connectivity and developed social infrastructure, attracting a large working population to the surrounding areas. Below are some factors behind the growing popularity of Mulund as a residential investment hub in Mumbai
Vast housing inventory
The residential stock in Mulund East and Mulund West consists mainly of residential apartments. The area has emerged as a perfect choice for middle-class buyers and investors. Over 95 percent of the properties in Mulund West consist of residential apartments. Here, more than 700 residential projects are ready. Among all flats, 2 BHK and 3 BHK units constitute 80 percent of the residential stock, and 4 BHK units comprise the remaining housing supply.
Nearby Employment Centers
Mulund enjoys proximity to significant IT parks, including Odyssey IT Park, Gigaplex IT Park, Opal Square IT Park, and Waghle Industrial Estate, all situated within approximately five kilometers. Additionally, the industrial hub of Bhandup is conveniently located just three kilometers away, accessible via Madan Mohan Malviya Road.
Connectivity details
- Mulund is easily accessible via the Mulund Railway Station on the Central Line, ensuring seamless travel to other parts of the city.
- Excellent connectivity to major areas of East and South Mumbai through Lal Bahadur Shastri (LBS) Marg and the Eastern Express Highway will further strengthen the Mulund road network.
- Mulund-Airoli Road facilitates connectivity to Navi Mumbai and facilitates accessibility for residents
Apartment Prices in Mulund
The average property price in Mulund East is Rs. 24,750 per sq ft, while the average property price in Mulund West is Rs. 26,350 per sq ft.
In Mulund West, a 1 BHK unit costs Rs. 84 lakh to Rs. 1.2 crore, while a 2 BHK unit in the same area costs Rs. 1.45 crore to Rs. 2.01 crore. For a 3 BHK unit, prices start at Rs. 2.4 crore to Rs. 3.4 crore and a 4 BHK unit is priced at Rs. 3.6 crore to Rs. 5.55 crore.
Conclusion
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Also read: Mumbai tops 97 land deals in India over 2,707 acres by 2023