A popular suburb in North Mumbai, Malad has witnessed a revolutionary change in its landscape over the years, with the real estate industry playing a catalyst, whether residential or commercial. The upcoming locality has an area of 28.95 sq. km and a population above 6 lakh residents, combined with the west and east regions. Malad comprises diverse people from different parts of the country and the world. The suburb has many temples, churches, and mosques showcasing cultural diversity.
With a robust IT infrastructure, the neighbourhood is a source of employment for many, with other sectors, such as finance, production, and marketing, following suit. For example, multinational companies like JP Morgan, Sony Pictures, Hero Motorcorp, and Samsung operate in parts of Malad.
Known for its Madh Fort, beaches, shopping malls, and large commercial complexes, the northern suburb of Mumbai has witnessed a substantial rise in property prices. According to reports, the rates in Malad West have risen by 4.36% since last year, with the eastern region also having seen a similar increase. The current price per sq. ft in the west is an estimated ₹17,256, and in the east is ₹17,505. In the following blog, we will give you an in-depth understanding of the two regions of Malad and its differentiating points.
Malad West vs Malad East
Listed below are some differentiating factors on which you could base your decision.
Malad West (Key Features)
A thriving real estate sector with exciting upcoming projects, the area stretches 22.19 sq. km, hosting thousands of residences, offices, schools, colleges, hospitals, malls, and shopping centres.
- The average price per sq. ft for a property in Malad West ranges between ₹17,000- ₹20,000.
- The average rent ranges from ₹37,000 per month for a 1 BHK to ₹1.7 lakhs per month for a 3 BHK.
- The average carpet area of a property ranges between 500-1000 sq. ft.
- The recent surge in demand for real estate in the region has much to do with the locality’s proximity to other commercial hubs like Andheri and BKC.
- Other key features include a distance of 13km from Chhatrapati Shivaji Maharaj International Airport, 1km from the adjoining station, and 2km from the western express highway. The recently started Metro Line 2A will also aid the economy.
- The 10.6km stretch of the Jogeshwari-Vikhroli Link Road connects it with Powai.
- Building the Lagoon road, consisting of a high road from Lokhandwala with six lanes, also benefits Malad.
Social Infrastructure
- Schools and Colleges: Orchids The International School, Kidzee Preschool, Pinnacle High School, and Nagindas Khandwala College of Commerce, Arts, and Management Studies.
- Healthcare facilities: Raksha Hospital, The Childrens Hospital, and Zenith Hospital.
- Recreation centres and malls: Infinity Mall, Inorbit Mall, and Evershine Mall.
Malad East (Key Features)
A dream for realtors, Malad East has a lot of opportunities to offer for the real estate market, despite a limited area of 6.76 sq. km, with the availability of independent houses and other luxury housing options. The locality has a lot of known attractions, such as the Sanjay Gandhi National Park, Film City, and various malls.
- The average price per sq. ft for a property in Malad West ranges between ₹15,000- ₹18,000.
- The average rent ranges from ₹25,000 per month for a 1 BHK to ₹1 lakh per month for a 3 BHK.
- The average carpet area of a property ranges between 1000-1500 sq. ft.
- Its proximity to Bandra and Andheri East via the new link road and western express highway accelerates employment.
- Distance to Powai reduced to 11km, courtesy of JVLR and WEH.
Social Infrastructure
- Schools and Colleges: St. Francis English High School, Adarsh Vidya Mandir, Avm Academy High School, Lilawati English School, Ghanshyamadas Jalan College of Science, Commerce, and Arts, Nirmala College of Commerce, and RK College.
- Healthcare facilities: Asha Hospital, Raj Nursing Home and Polyclinic, Ashoka General Hospital, Asha Maternity And General Hospital.
- Recreation centres and malls: Eastern Plaza, Laxmi Narayan Shopping Center, and Shreyas Shopping Center.
It's difficult to draw a conclusive comparison between Malad West and East as both areas have their own unique characteristics and advantages. Malad West is known for its modern infrastructure, high-rise buildings, and a bustling commercial hub, while Malad East is relatively less developed and has a more residential feel to it.
Malad West is considered to be more upscale and cosmopolitan, with a greater range of shopping, dining, and entertainment options. However, Malad East has its own charm and character, with a quieter atmosphere and a greater sense of community.
Ultimately, the choice between Malad West and East depends on individual preferences and priorities. Both areas have their own advantages and disadvantages, and it's up to the individual to decide which area best suits their needs and lifestyle.