Malad – The Upcoming Residential Hub
- November 28, 2019
If you are thinking of investing in a property, the financial capital of India would come to your mind. Mumbai and its suburbs are preferred over other metropolis as it allows people to reap maximum benefits from their investments.
One such suburb in which people are showing keen interest is Malad.
Malad, a suburb in North Mumbai lies between the Kandivali station to the north and Goregaon station to the south. This suburb forms a part of the Western Suburbs of Mumbai. Till the mid-20th century, Malad was subtly populated suburb. Over the past few years, this suburb has developed greatly. A growing demand for good housing and residential hub for the upper-class and middle-class people could be seen.
Many commercial complexes and shopping malls have developed across Malad. In fact, Malad West observed a roaring 20% appreciation in property prices. Thereby, pointing out that Malad is a promising location for investment.
Due to various kinds of development projects, the real estate industry of Malad West is growing fast. There are many developers and property redevelopment companies in Malad who are coming up with luxurious flats and apartments in Malad West. One such prominent company worth mentioning is Pranav Constructions.
Pranav Constructions is developing commercial spaces and flats of different sizes in this area and in Goregaon, Kandivalli, and Borivali. Their main aim is to provide a range of facilities to its customers and make them satisfied.
Why Should You Invest?
Before you go ahead and buy a property in Malad (West), there are a few things that you should know about. Knowing these pointers can help you to come to a decision. They are:
Malad is well-connected to the rest of Mumbai. Frequent bus services are available in Malad West. It connects with other areas by Link Road, SV Road, and NH-8 Ferry. From Malad, ferry service for Manori, Gorai, and Verova. The Chhatrapati Shivaji International Airport is 12.2 kilometers away from Malad West. Also, a drive to the Bandra Kurla Complex would take just 40 minutes via the Western Express Highway
Today, Malad have state-of-the-art facilities. There are several schools and colleges in this area. Some prominent schools and colleges in Malad West include Rose Mary English High School, Ryan International School, Holy Mother English School, Zenith Institute of Business Management, Amity Global Varsity and St Annes High School and College, etc. Many hospitals in Malad West worth mentioning are Maulana Abdul Kalam Azad Hospital, etc.
Malad west is in itself a business hub. It has many IT companies in this area. The distance between Bandra and Malad west is 20.6 kilometres via the Western Express Highway. It has a close proximity to workplaces across Andheri, Kandivali, Mira Road, Goregaon, Jogeshwari, and Andheri.
Malad was the home to Inorbit Mall. Now, it offers a wide range of dining and shopping options. Whether you are looking for a fine-dining experience or street-side shopping, Malad West has it all. For family outing, Marve Beach and Aksa Beach is very close. Even places like Essel World and Water Kingdom are close by and ideal places for a fun-filled family outing.
With so much development coming up in this area, Malad promises to become a great residential hub in the future.