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An Overview: House in Mulund East

Author
Blox Social
Posted on
Jul 19, 2023
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Located in the northeastern part of Mumbai, Mulund East is one of the two sections that Mulund suburb is divided into. It is a popular residential hub that attracts people due to its relatively calm and peaceful environment. Buying a house in Mulund West and East comes with the promise of taking the people away from the hustle and bustle of the fast-paced life of Mumbai. It provides them with the opportunity of enjoying good quality living in the relaxed settings of this beautiful suburb. 

Mulund holds the distinction of being one of the oldest planned localities in Mumbai, which has been a key contributor to making the area a hub of various commercial and residential real estate activities. The low population density in the area, combined with the healthy lifestyle and high standard of living offered by the locality, has turned it into one of the most prosperous suburbs of Mumbai.  

Reasons For Buying a House In Mulund 

Several factors have contributed making attracting people to buy a house in Mulund West and East, and they feel proud about this decision. The most important of these factors include the following. 

Great Connectivity Options: Mumbai offers excellent connectivity to different parts of Mumbai, along with the rapidly developing suburbs of Thane and Navi Mumbai. The locality is situated quite close to the Airoli-Mulund Bridge, the Eastern Express Highway, and the Lal Bahadur Shastri (LBS) Road, which ensures smooth connectivity to other parts of Maharashtra. The Chhatrapati Shivaji International Airport is located at a distance of about 15 km from Mulund. The locality has an excellent BEST bus service, and the under-construction Metro Line 4 of Mumbai Metro is expected to further enhance the connectivity of the area. 

Reasonable Price Of Property: The area offers a wide choice of property options for interested investors. Nearly 94% of property available for sale in Mulund is in the form of apartments, with only 1% available in the form of residential houses. Around 12% of these properties are available within a price range of ₹1.6Cr - ₹1.8Cr, and 11% of the properties have a price range of ₹1.4Cr - ₹1.6Cr. The average per-square-foot price of a property in Mulund East ranges between ₹12,544 – ₹18,278, and in Mulund West, it is between ₹12,402 – ₹19,672. The average increase in price in Eastern and Western Mulund over the past two years has been recorded as 27.9% and 19.9%, respectively. All these factors make it abundantly clear that the price of property in Mulund is quite reasonable compared to other parts of Mumbai. 

Excellent Infrastructure: Mulund is known for its excellent infrastructure facilities, which further attract people to invest in property in the area. Some prominent educational institutions operating in the area include Billabong High International School, DAV International School, Mulund College of Commerce, Vikas College of Arts and Commerce, Datta Meghe College of Engineering, and Ramanand Arya DAV College. The suburb also offers world-class healthcare facilities through its famous hospitals like Hira Mongi Navneet Hospital, Chandraganga Hospital, Spandan Health Care, Maruthi Nursing Home, and Holy Trinity Hospital. Moreover, people buying a house in Mulund West and East can also enjoy a great shopping experience at its various malls besides relishing delicious foods at the several restaurants and cafes located in the area. 

Proximity To Various Employment Hubs

Mulund is located only a short distance away from Wagle Industrial Estate, which is a major commercial centre in Thane known for its various IT parks and small industrial units. The area is conveniently situated within a 5-10 km radius of significant employment hubs such as Lodha i-Think Techno Campus, Godrej One, Godrej and Boyce Industry Estate, and Kensington SEZ. Moreover, it enjoys excellent connectivity to vital commercial centres in Mumbai and Thane, including Bandra Kurla Complex, Andheri MIDC, SEEPZ SEZ, Nirlon Knowledge Park, NESCO IT Park, and TCS Olympus Centre, all located within 12-21 km from Mulund. Of utmost significance, Mulund boasts the presence of numerous national and international corporate giants, including Johnson & Johnson, Welcome (Glaxo), Hoechst, Richardson & Cruddas, Chicago Pneumatic, Oxygen, ACC, Mind, Agfa, and Gabriel, as their headquarters are established here. This remarkable concentration of renowned companies renders the locality an ideal destination for working-class individuals in search of an excellent work-life balance.

Conclusion 

Mulund is a prominent locality that promises a great living experience in a relatively peaceful and safe environment. Most importantly, the competitive rates and high returns on investment make it a great choice for property buyers. 

Real Estate