Adding favourably to its location advantage, residential projects in Mulund offer amenities like clubhouses, jogging tracks, multipurpose courts and banquet halls which is yet another reason the locality attracts attention from the tenant community.
As compared to the other premium destinations in Mumbai like Ghatkopar or Andheri, the residential market of Mulund remains quite reasonable. Kalpataru will soon launch a premium residential project on the arterial LBS road in Mulund. Developers like Marathon Group, Wadhwa Group and Piramal Realty have also recently launched projects in the area.
When it comes to real estate investments, Mulund offers a mix of ease of connectivity and premium living. Consequently, the location has been viewed as a preferred choice for several first-time homebuyers as well as those looking to invest in a second property.
What works for Mulund is the existing strong social infrastructure which includes healthcare facilities, education (both secondary and higher), retail, sports and entertainment options.
Thus, unlike an upcoming location, residents of new developments in this area can enjoy all the benefits within their flourishing neighbourhood, said the report.