Malad East is one of the popular neighbourhoods of Mumbai and is located in the northern part of the city. Talking about the past, this place was full of mangroves, and very few people were keen on living there. But, the mid-20th century changed the face of Malad East, and this place witnessed a massive development turnaround.
The development in infrastructure, amenities, connectivity and other such aspects have boosted its demand for residential settlements among the wealthy and successful people. Since 2000, this place has witnessed significant residential developments. To date, the top developers are working towards fulfilling people's demands for buying flats in Malad East.
But what are the benefits of living in Malad East? Why are people interested in spending a large chunk of their money buying a property in this locality?
If these are the questions you have in your mind, then let’s discuss the benefits of residing in Malad East in brief. Read along till the end!
1. Heightened and Seamless Connectivity
The Malad Railway station is an important mode of commuting for people on a daily basis. As the Malad station is located strategically between Goregaon and Kandivali railway stations, it becomes easy for the residents to commute from one area of Mumbai to another easily.
The road connectivity to/from Malad East is seamless through Western Express Highway. The highway crosses the entire locality of Malad East before it intersects with the Goregaon-Mulund Link Road. Hence, it further extends to SV Road.
The SV Road, NH-8, and Link Road enhance the overall connectivity of Malad to the major parts of Mumbai, alongside international and domestic airports. Moreover, this road line also connects Bandra Kurla Complex and Mumbai University.
Regarding metro connectivity, the new Line-7 of Mumbai’s metro corridor is extending its line to connect Andheri East to Dahisar East. Out of these stations, Malad East is linked to the metro line via two stations, one at Pushpa Park, while other at PathanWadi. Hence, the connectivity efficiency to/from Malad East is even better.
2. The Poshest Social Infrastructure
As Malad East is considered the locality of wealthy people, the amenities and infrastructure must reciprocate that demand. Malad East is popular among home buyers because of its proximity to various commercial hubs and industrial estates.
Some employment hubs around Malad East are Mindspace IT Park, Infinity IT Park, NESCO IT Park, Nirlon Knowledge Park, SEEPZ (Santacruz Electronic Export Processing Zone), Lotus Corporate Park and others.
Apart from that, you also have great international-level schools for your kids to get a high-quality education. Apart from the education facilities, another infrastructure benefit that makes it ideal for you to live here is access to world-class hospitals.
Some of the reputed hospitals in Malad East are Suchak Hospital, Lifeline Multi-Specialty Hospital, Sanjeevani Hospital and others.
It is an all-rounder locality, as it won’t let you down in terms of recreational facilities as well. Some popular malls that have been the hangout hubs for residents of Malad East are Oberoi Mall, Inorbit Mall, Infiniti Mall and Growel’s 101.
3. The Consistently Appreciating Real Estate Rates
The average price per sq. ft. for the flats in Malad East is around Rs. 19,500, which is around 4-5% higher than the average of last year. Apart from that, the average price per sq. ft. for the builder floors is around Rs. 18,500, again 5% higher than last year.
The idea behind expressing these facts is to help you understand the ROI potential of investing in Malad East. Undoubtedly, it is one of the best perks of living in Malad East. Investing in the residential property of Malad East today will give you whooping returns after a decade or longer.
4. High Rental Rates Generates Great Passive Income
High rental income is one of the finest benefits of living or buying a property in Malad East. As there are big IT parks around the locality, more and more people from different parts of India come to Mumbai and prefer staying near their offices. As a result, getting a tenant isn’t difficult in this locality.
If you have bought a property but are living elsewhere, you can take the help of the property developer to rent it out and get you a passive income source. The average rental income you can get from 1 BHK flats in Malad East is around Rs. 17,000 to Rs. 25,000/month. The average rental rates for 2 BHK and 3 BHK flats in Malad East range from Rs. 33,000 to Rs. 70,000/month.
So, who wouldn’t like to invest in a two-storey independent home and rent one of the floors out to get a passive income? Hence, this is an evident benefit of living or buying a property in Malad East.
Conclusion
So, this clearly explains the overall benefits of living in Malad East. Apart from the real estate aspects, Malad is also a beautiful place with many amenities and weekend outing spots for people to get away from the busy streets and spend quality time.
If these benefits have made you curious to inquire about the price, search for a property in the locality and invest your money in it, then Blox is at your service. The online real estate buying platform is a property search engine that enables you to set filters on budget, location, developer and property type to find the right fit options for you.
