Malad West is a popular and upscale residential locality located in the western suburbs of Mumbai. It is situated along the western line of the Mumbai Suburban Railway and boasts of a peaceful and verdant environment, surrounded by the picturesque Malad Creek and lush mangroves.
But what sets Malad West apart is its affordability! While offering similar infrastructure and lifestyle as compared to Andheri and Juhu, Malad West's real estate prices are significantly lower. This makes it an attractive spot for middle-class families. So, if you're in search of an up-and-coming neighbourhood that offers an affordable option while also providing the perks of a convenient location, peaceful surroundings, and lots of potential, Malad West is definitely worth considering.
With its growing popularity, it's set to become one of Mumbai's hottest property markets in the years to come.
Let us have a look:
Malad is emerging as an attractive housing option for those seeking affordability in the city of dreams. And with the property prices in Malad relatively lower than other upmarket residential areas, it makes for a much more promising destination for homebuyers and investors.
You can find a range of spacious options in Malad at a reasonable price. You can book a well-developed space offering all the basic amenities for as low as 43.5 lakh Rupees in Malad West. So, if you are looking for flats in Malad West up to 50 lakhs, you are in luck!
The locality is witnessing an influx of top real estate developers, developing new housing projects with modern amenities and ample open spaces. With an influx of developers, the locality is also witnessing an upsurge in property prices. The area is experiencing 5.24% year-on-year growth in terms of property prices, while the current average property rate hovers around INR17,600. So, the best time to invest in property in Malad West is right now!
One of the perks of living in Malad West is the availability of local amenities. You get easy access to markets, hospitals, schools, and parks. This makes it a self-sufficient location that can save residents the cost of travelling to other parts of Mumbai for basic necessities.
Malad West boasts a number of reputable educational institutions, such as Billabong High International School, Dr. S. Radhakrishnan International School, and DG Khetan International School.
In addition, residents have access to major malls such as Infiniti, Inorbit, and Oberoi, as well as prominent healthcare facilities like Zenith Multispeciality Hospital, Sun Hospital, and Namaha Hospital.
For recreational activities, Green Village Recreation Club and Pool, Goregaon Sports Club, and Malad Gymkhana are among the various facilities in and around Malad West. Having these amenities available in the neighbourhood allows residents to save time and money on travelling, making Malad West a cost-effective choice for a comfortable lifestyle.
Living in Malad West can be a smart financial move for professionals as it provides easy access to major job hubs such as BPOs, IT parks, and corporate offices, including NESCO IT Park, Nirlon Knowledge Park, Veera Desai Industrial Estate, Mindspace Malad, Infinity IT Park, and Charkop Industrial Estate, all located within a 5-10 km radius, residents can save both time and money on their daily commute.
Moreover, Malad West offers excellent connectivity to other commercial centres in the city like SEEPZ SEZ, Bandra Kurla Complex, MIDC Andheri, Kensington SEZ, Hiranandani Business Park, Indiabulls Finance Centre, and Peninsula Business Park. This means residents can access a wide range of job opportunities without spending hours stuck in traffic or spending a fortune on transportation costs. In short, living in Malad West is a wise investment for professionals looking to optimise their finances and work-life balance.
Living in Malad can help you save some extra bucks on your daily commute to work. Malad enjoys excellent and affordable connectivity with other parts of the city, with Western Expressway providing easy access to Andheri and Bandra in under an hour.
The Jogeshwari-Vikhroli Link Road also connects Malad to crucial locations like Powai and Lal Bahadur Shastri Marg. Residents can also easily access other parts of the city via the local train network.
Furthermore, metro line 2A provides even better connectivity between Malad and other key areas of Mumbai, making it an ideal spot for real estate investments. All these factors save residents time and reduce their transportation costs, making Malad a smart financial move for those seeking easy connectivity within Mumbai.
Malad West has become a sought-after investment choice for investors for various reasons. And the affordable pricing of apartments in this area and cost-effective living further plays a major role in driving the real estate market of Malad West.
With its promising location in the western suburbs, top-notch connectivity, and well-established transportation infrastructure, this makes for one of the best destinations for working-class families in the city!
So, you’ve found your dream home, arranged for the finances to purchase it, and are now ready to live your desired life carefree. But amidst all that, as a new or prospective home buyer, you must not let one critical part of the property purchase process go unnoticed: the sales agreement!
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