09 October, 2021
4 mins read
Mumbai, as a metropolitan city, has always been synonymous with lucrative real estate investment. Many home buyers and investors seek out locations in South Mumbai to buy their first home or simply invest in a property.
However, Central Mumbai, such as the popular suburb of Mulund, is another upcoming location that is booming in terms of real estate investment. Homebuyers looking for flats in Mulund, can make use of a few important factors mentioned below that make Mulund an interesting real-estate investment option.
Mulund, known as the Prince of Suburbs, wears the crown for seeing a significant rise in real estate development and investment over the last many years among all the Central Mumbai locations. As per industry research, Mulund added 13,000 residential units between 2013 and 2018, and about 65% of the development took place between 2014 and 2015.
Furthermore, the proposed Goregaon Mulund Link Road (GMLR) is an important project expected to improve Mulund’s connectivity with the Western suburbs, a hub of commercial activities. Not only will that save one’s time but also bring Mulund closer to the rest of Mumbai.
Mulund’s population comprises of several different communities, cultures and age groups contributing to a diverse social framework. As a result of this, the range of entertainment options such as malls, movie theatres, restaurants, shopping centres, recreational hubs etc., have grown in the last few years.
The medical and emergency needs of the residential population in Mulund are supported by well-rennowned health institutions such as Suyog Hospital, Fortis Hospital, Navneet Hospital and more. Moreover, children can easily benefit from quality education in reputed educational institutions like St. Mary’s School, DAV International School, Friends’ Academy, St. Pius School, etc.
Mulund’s proximity to Thane, an important commercial and social hotspot, makes it easier for residents to access the other suburban areas such as Kalyan, Ambernath, Badlapur, etc. and improves connectivity to Navi Mumbai through the trans-harbour line.
The railway network of Central Mumbai sweetens the deal by connecting Mulund to Dadar, which is the converging point for the Central and Western lines, and the Chhatrapati Shivaji Maharaj Terminus. When it comes to roadways, the Lal Bahadur Shastri (LBS) Road and Eastern Freeway offer improved and seamless connectivity between Mulund to Thane, Navi Mumbai and South Mumbai.
And with the proposed 14 km Goregaon Mulund Link Road (GMLR), the reduced commuting time is expected to bridge the gap between Mulund and the western suburbs of the city. Additionally, the upcoming Mumbai Metro Line 4 will connect Mulund to Wadala and Andheri.
The appeal of Mulund as a residential hub has attracted a lot of renowned real-estate developers like Piramal Realty, whose Piramal Revanta in Mulund attracts a class of homebuyers seeking a premium standard of living. Likewise, real-estate investors also seek out such premium developments from reputed developers because of the ability of such properties to appreciate over time.
Moreover, prominent real-estate developers also ensure world-class quality and walk the extra mile by teaming up with experts in the industry when it comes to construction and architecture. For example, Piramal Revanta has left no stone unturned for their project in Mulund when it comes to collaborating with the global expertise from construction partners Eversendai, design architect KPF, design consultant UHA London, among many others!*
*Collaborators for select towers
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