Malad – The Fastest Growing Suburb of Mumbai
Mumbai, the capital of Maharashtra, is the second most populous metropolitan and the wealthiest city of India. Mumbai is like a beacon to the people who are looking for great opportunities to move their career forward. It is also known as the ‘Financial Capital’ of the country, with a number of big financial regulators and institutions like Reserve Bank of India (RBI), Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Many Global Fortune 500 companies like State Bank of India, TATA Group and Reliance Industries have their headquarters in Mumbai. The growth of infrastructure and the presence of these big companies, have led to the huge influx of people from all over the place.
The demands in residential properties are increasing year after year, which has in turn led to a number of projects being developed in the city. Malad is one such suburb of Mumbai, which has seen unprecedented growth in the last five years when it comes to residential development. From a once quiet place covered with mangroves and cut by creeks, it has grown to be the fastest developing areas of the city. It has become an attractive residential area for white-collar professionals from both the middle-income and high-income groups.
As stated in the 99Acres Insite Report, the rise of the capital values of Mumbai is around two percent in the January – March 2015 quarter, with the highest being in the Navi Mumbai area. The average price trends of Malad (East) in the April – June quarter is Rs. 14,850 per sq ft as compared to Rs 13,250 per sq ft in the previous quarter. Average price trends of Malad (West) in the April – June quarter is Rs. 15,850 per sq ft as compared to Rs. 14,800 per sq ft in the previous quarter.
Location Advantages
Malad, located just beyond Andheri, has seen mass gentrification along with the development, with a number of large shopping complexes, malls and other commercial points. The arterial road, Western Express Highway, cutting through the heart of Malad links the place to major business and financial areas of Mumbai. The highway also connects Malad with the international airport of the city.
Some of the popular attraction points and beaches are also easily accessible from Malad. Apart from that, a number of educational institutes, health care facilities and religious centres are also located in the suburb.
Projects Under Development
As Malad is being termed as the ‘fastest developing’ suburb of Mumbai, there are a number of projects that are under development here. Some of those projects are mentioned below:
Auris Serenity
A joint venture of two renowned builders, Transcon Developers and Sheth Creators, Auris Serenity is a plush residential township located off Link Road in Malad (West), Mumbai. Covering around 8 acres of land area, the project offers 2BHK, 3BHK and 4BHK apartments with sizes ranging from 1215 sq ft to 2525 sq ft. Nestled amidst a green expanse, the property provides amenities like meditation centre, club house, swimming pool, gym, kids’ play area, 24-hour water supply and reserved parking. As of 21st July, the prices of the apartments are between Rs. 1.5 Crore and Rs. 3.75 Crore.
Agarwal Trinity Towers
Agarwal Trinity Towers is another luxurious residential property located in Malad (West), developed by the builder, Agarwal Group. Provided with all kinds of modern facilities, the property offers 1BHK – 3BHK apartments which are sized between 660 sq ft and 1240 sq ft. Ready for possession, the prices of these apartments range from Rs. 1.05 Crore to Rs. 2.6 Crore.
If you are looking for great return of investments, thenMalad is the perfect place for your next investment option.
Hasib is a foodie and an avid reader with the same voracious appetite. He is interested in the real estate market and frequently writes about the changing scenario of the realty market and investing prospects in different locations. Reach him @ twitter, Google+, LinkedIn
The demands in residential properties are increasing year after year, which has in turn led to a number of projects being developed in the city. Malad is one such suburb of Mumbai, which has seen unprecedented growth in the last five years when it comes to residential development. From a once quiet place covered with mangroves and cut by creeks, it has grown to be the fastest developing areas of the city. It has become an attractive residential area for white-collar professionals from both the middle-income and high-income groups.
As stated in the 99Acres Insite Report, the rise of the capital values of Mumbai is around two percent in the January – March 2015 quarter, with the highest being in the Navi Mumbai area. The average price trends of Malad (East) in the April – June quarter is Rs. 14,850 per sq ft as compared to Rs 13,250 per sq ft in the previous quarter. Average price trends of Malad (West) in the April – June quarter is Rs. 15,850 per sq ft as compared to Rs. 14,800 per sq ft in the previous quarter.
Location Advantages
Malad, located just beyond Andheri, has seen mass gentrification along with the development, with a number of large shopping complexes, malls and other commercial points. The arterial road, Western Express Highway, cutting through the heart of Malad links the place to major business and financial areas of Mumbai. The highway also connects Malad with the international airport of the city.
Some of the popular attraction points and beaches are also easily accessible from Malad. Apart from that, a number of educational institutes, health care facilities and religious centres are also located in the suburb.
Projects Under Development
As Malad is being termed as the ‘fastest developing’ suburb of Mumbai, there are a number of projects that are under development here. Some of those projects are mentioned below:
Auris Serenity
A joint venture of two renowned builders, Transcon Developers and Sheth Creators, Auris Serenity is a plush residential township located off Link Road in Malad (West), Mumbai. Covering around 8 acres of land area, the project offers 2BHK, 3BHK and 4BHK apartments with sizes ranging from 1215 sq ft to 2525 sq ft. Nestled amidst a green expanse, the property provides amenities like meditation centre, club house, swimming pool, gym, kids’ play area, 24-hour water supply and reserved parking. As of 21st July, the prices of the apartments are between Rs. 1.5 Crore and Rs. 3.75 Crore.
Agarwal Trinity Towers
Agarwal Trinity Towers is another luxurious residential property located in Malad (West), developed by the builder, Agarwal Group. Provided with all kinds of modern facilities, the property offers 1BHK – 3BHK apartments which are sized between 660 sq ft and 1240 sq ft. Ready for possession, the prices of these apartments range from Rs. 1.05 Crore to Rs. 2.6 Crore.
If you are looking for great return of investments, thenMalad is the perfect place for your next investment option.
Hasib is a foodie and an avid reader with the same voracious appetite. He is interested in the real estate market and frequently writes about the changing scenario of the realty market and investing prospects in different locations. Reach him @ twitter, Google+, LinkedIn
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