What was once a sparsely populated suburb in Mumbai, is now one of the most attractive residential destinations. A few decades back, Malad was not seen as realty hotspot, but with the constant development, the area has witnessed the establishment of a myriad of educational institutions, medical facilities, commercial hubs, and malls that can easily amp up anyone’s lifestyle. No wonder there has been a notable increase in demand for housing properties in Malad.
Situated in the northern region of Mumbai, is a residential suburb that is geographically divided into Malad (West) and Malad (East) by the railway tracks of the western line. The area stands out as an affluent residential district within Mumbai. Nestled alongside the tranquil Malad Creek and enveloped by lush mangrove vegetation, it offers a verdant and peaceful environment.
Today, we are going to know how one can lead a lavish lifestyle by investing in property in Malad:
Effortless Connectivity
The Malad Railway station plays a pivotal role in daily commuting, serving as a vital transportation hub. Positioned strategically between the Goregaon and Kandivali railway stations, it offers residents convenient access to various areas within Mumbai. Seamless road connectivity is provided by the Western Express Highway, which effortlessly traverses Malad East, intersecting with the Goregaon-Mulund Link Road before extending further to SV Road.
SV Road, NH-8, and Link Road further bolster Malad's connectivity, linking it to key parts of Mumbai, as well as the international and domestic airports. Additionally, this network connects important destinations like Bandra Kurla Complex and Mumbai University.
In terms of metro connectivity, Mumbai's new Line-7 is extending its route from Andheri East to Dahisar East, with two stations in Malad East: one at Pushpa Park and another at PathanWadi. This expansion significantly enhances the efficiency of connectivity to and from Malad East.
Appreciation of Real Estate Values
In 2023, the property rates in Malad East, Mumbai, indicate an average price per square foot of ₹18,204, reflecting an impressive year-over-year increase of 8.04%. The price range per square foot in this area varies from ₹3,687 to a notable ₹80,000.
These statistics are enough to illustrate the potential return on investment (ROI) that Malad East can offer and how lucrative it can be as an investment destination. Undoubtedly, this represents one of the most attractive aspects of residing in Malad East. Investing in residential property in Malad East today has the potential to yield substantial returns over the course of a decade or even longer.
State-of-the-art Infrastructure
Malad East, being renowned as an upscale residential area, demands an infrastructure and amenities that match the expectations of its affluent residents. The attractiveness of Malad East to homebuyers lies in its proximity to various bustling commercial hubs and industrial estates.
Furthermore, Malad East offers access to exceptional international-level educational institutions, ensuring a top-tier education for your children. Beyond educational facilities, another significant infrastructure advantage that makes it an ideal residential choice is the presence of world-class hospitals.
Distinguished healthcare institutions in Malad East include Lifeline Multi-Specialty Hospital, Suchak Hospital, and Sanjeevani Hospital.
This locality boasts proximity to prominent employment centers, including Infinity IT Park, Mindspace IT Park, Nirlon Knowledge Park, NESCO IT Park, Lotus Corporate Park, and SEEPZ (Santacruz Electronic Export Processing Zone).
Malad East is an all-encompassing locality that also excels in providing recreational amenities. Some well-known malls in the vicinity that serve as popular hangout destinations for Malad East residents include Infiniti Mall, Inorbit Mall, Growel's 101, and Oberoi Mall.
Passive Income Opportunities
One of the most appealing advantages of residing in or investing in property in Malad East is the potential for substantial rental income. With the presence of major IT parks in the vicinity, an increasing number of individuals from various parts of India are drawn to Mumbai and seek accommodations near their workplaces. Consequently, finding tenants in this locality is a relatively straightforward endeavor.
For property owners who reside elsewhere, there is the option to engage the services of property developers to manage the rental process, thereby establishing a passive income stream.
Conclusion
Given such incredible features and lucrative prospects, one can figure out why investing in a property in Malad is not only just a compelling opportunity that can yield amazing returns but something that can also elevate one’s way of living.
