Malad is a popular Mumbai neighbourhood with good connectivity and a robust social infrastructure. Malad’s skyline has undergone a complete transformation in recent years. Numerous high-rises provide a spectacular view of the neighbourhood’s natural surroundings.
Malad is connected to the Bandra-Worli Sea Link and the Western Express Highway. It is conveniently located near the domestic and international airports. With countless infrastructure initiatives like the Metro rail, GMLR and the under-construction coastline road, it is becoming the next real estate hotspot in Mumbai.
Property transactions in the area have increased in the last year, with investors benefitting from the current low prices and superb location.
With a growing community, varied transportation choices and a steadily improving infrastructure, Malad is among Mumbai’s most sought-after localities. It is a profitable real estate investment option with a potential for high rentals and capital appreciation over time.
Positive property price trends
Malad’s real estate market has developed considerably with positive property price trends. Malad East has an average cost of about Rs 16,100 per square foot, with several options for investors. Malad’s rental market has witnessed a steady influx of working professionals and expatriates. The rental real estate demand is growing, making it an ideal investment for consistent rental income.
Due to a substantial momentum in the residential property market, the housing inventory overhang in Malad East is expected to be the lowest in the last 10 years by Q2 of 2023, which has recorded the sale of
approximately 404 units as against 305 in Q2 of 2022; an increase of 32%.
Robust homeownership sentiment, relatively lower home loan rates, strong momentum in luxury housing and the expectation of price increase played essential roles in driving house sales and reducing the overall residential inventory overhang.
A prime location with good social infrastructure and properties at affordable prices
Convenience, affordability and top-notch amenities are all present in Malad East. There are modern hospitals, commercial hubs and recreational centres in the suburbs.
Mahindra Academy and Scholars Academy are two of the notable schools in Malad East. Hospitals in Malad East include Sai Kripa Hospital & ICU and Shree Balaji Super Speciality Hospital. Other well-known schools in nearby areas include Whistling Woods International, Gokuldham High School, Yashodham High School & Junior College, Vibgyor School, Witty International School, Oberoi International School and Poddar Jumbo Kids.
Seamless connectivity
Malad is well-connected via the Western Express Highway and the Mumbai Suburban Railway network. Metro lines 2A (Dahisar to Andheri West DN Nagar) and 7 (Dahisar East to Andheri East) offer seamless connectivity from Malad East to Dahisar East and D.N. Nagar. Metro Line 2 from Dahisar to Mankhurd will increase connectivity in the area.
The government has proposed a coastal road connecting South Mumbai to Malad. The long-awaited Goregaon-Mulund Link Road project would improve the connection between Malad and the eastern suburbs, such as Mulund and Bhandup. With improved access, Malad’s appeal as a residential and commercial hub is poised to grow further.
A hub of tech-driven smart homes
Home automation is becoming increasingly common in Malad’s real estate housing projects. Smart features, such as automatic video doorbells and automated temperature and lighting controls, are common in Malad’s residences. Integrating gas-leak alarms, access to cutting-edge security systems and smartphone home monitoring prioritises safety and security. Most Malad societies are equipped with energy-efficient technologies and rainwater harvesting and management practices.
A hotspot for buying real estate in 2023
Malad’s present real estate market depicts a thriving and promising industry undergoing significant growth and transformation. Its transformation from a quiet suburban neighbourhood to a sought-after residential and commercial location is extraordinary. Malad is one of the fastest-growing suburbs in Mumbai. With several completed and ongoing projects, Malad is destined to remain a real estate hub for the foreseeable future.
(The author is the Director, Roha Realty)
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