Wanting to buy property in Mumbai? Did you check out Malad in Western Suburbs?

Mumbai is often referred to as the land of dreams and opportunities but with a population of over 20,667,656, the city is quite saturated in terms of population density. And, with the ever-increasing population, land is becoming scarce and properties are becoming costlier in most parts of the city.

As a result, real estate developers have shifted their attention to the peripheries of the city. Increasing number of constructions are seen happening in and around the western suburbs of the city. The western belt from Goregaon to Mira Bhayander has recorded a sharp rise in housing and commercial development.

Even consumers are lured to these areas because unlike the other parts of the city they can expect larger and more spacious indoors in rather affordable rates. Post Covid-19, there has been a significant change in trend, people are now keen on having ready-to-move-in houses with extra space to accommodate work –from-home modules. Families, even from low-income groups, look for bigger space that can be utilised for different purposes later on.

Even though most of the residential projects in western suburbs are planned inclusive of all amenities like gated security, clubhouse, gardens and kids’ area, the rates are still favourable as compared to other parts of Mumbai. A lot of affordable housing options for the low-income groups can also be spotted in this newly developed residential hotspot.

As a result, home-buyers are neither reluctant nor sceptical for adding the western suburbs in their list while going out for property shopping. And one of the key reasons is because they can expect bigger and spacious properties around less congested areas and at economical rates. So, real estate development in the suburban areas of the western part of the city is catching pace.

Areas like Malad have emerged as the most profitable destinations with an array of residential options in varied price ranges. Malad has transformed into a vibrant residential, commercial and IT hub owing to the various developments. The social infrastructure of Malad today is well-developed. There are several educational institutions, hospitals, multiplexes, shopping malls and restaurants in the area. The area is well connected via road and railways to the entire MMR. It has proximity to both national and international airports and with the Metro line in progress, Malad is definitely becoming the preferred choice for property investments.

So, next time you think of buying a flat in Mumbai or relocating, don’t forget to add the western suburbs in your list, especially Malad.

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