To buy a home in Mumbai MMR, consideration of the emerging localities becomes very important. Also, the Social infrastructure, connectivity, and employment hubs in the locality are the essential real estate factors you need to consider before buying a home in Mumbai. This article gives you the complete analysis of the 5 best places to buy a home in Mumbai MMR with detailed insights on the locality property price trends, social infrastructure, and employment hubs.
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MULUND
Property Appreciation and massive infrastructure plans make Mulund one of the best places to buy a home in Mumbai MMR.
In the First Quarter of 2021, the property appreciation was around 4%. And with upcoming infrastructure projects such as Metro Line 4 and Mulund-Goregaon Link Road (MGLR), the property rates in Mulund are likely to surge.
Moreover, Mulund already has excellent connectivity with eastern and southern Mumbai and good access to the surrounding industrial areas such as BKC, Seepz, and MIDC.
So, Let’s analyze the city on factors such as Connectivity, Upcoming Projects, Facilities, and Industrial significance.
Connectivity
The Existing Infrastructure
- The existing Lal Bahadur Shastri Marg connects Mulund to the Eastern and Southern regions of Mumbai.
- Also, Eastern Express Highway connects Mulund to leading industrial hubs such as Powai, BKC, and Thane.
- Mulund is also connected with Navi Mumbai via Mulund Airoli Roads. This improves the access to the rising Navi Mumbai region for more employment opportunities.
- At present, the nearest metro station to Mulund is Ghatkopar which is around 15km away.
The Upcoming infrastructure Projects
- Metro Line 4-Wadala to Kasarvadavali will redefine Mulund City completely. The 32.32Km long line will provide connectivity among Central Railway, Mono Rail, Eastern Express Roadway. This will also be interconnected with Metro Line 5 (Thane to Kalyan), Metro Line 6 (Swami Samarth Nagar to Vikhroli) & Metro Line 8 (Wadala to General Post Office).
- The Metro Line will reduce the significant amount of time by 50-70% as estimated by MMRDA.
- The upcoming Mulund-Goregaon Link Road (MGLR) will connect Mulund to the western suburbs of Mumbai. This infrastructure project will be a great thrust to real estate in Mulund. There will be two tunnels each 4.7Km long passing through Sanjay Gandhi International Airport. The entire project costs around 6225cr and will be developed by BMC.
Industrial Hub
- Mulund is well connected with the surrounding industrial areas. Various infrastructure projects have connected Mulud to Mumbai Suburbs, Powai, and Navi Mumbai.
- Waghale Industrial Estate, Bandra Kurla Complex, SEEPZ, MIDC, and Powai are in proximity to Mulund.
- Moreover, the upcoming Mulund Goregaon Link Road (MGLR) will connect Mulund to the impressive opportunities in the western suburbs of Mumbai.
Facilities
Best Real Estate Projects:
- L&T Rejuve 360
- Runwal Sanctuary
- Piramal Revanta
- Wadhwa Azure
THANE
With a 20% increase in sales for the first quarter of 2021, The real estate in Thane has started to gain momentum.
The prime reason for this is upcoming ambitious infrastructure projects such as Metro Line
(4, 5, and 12) and Urban Rail Transit System URTS.
Moreover, Thane is connected to the Eastern and Western suburbs of Mumbai and Navi Mumbai, providing easy access to the important industrial areas.
For its excellent quality of life Thane has emerged as one of the best places to live in Mumbai MMR
Connectivity
The Existing Infrastructure
- The existing connectivity includes Jogeshwari Vikhroli Link Road (JVLR), Ghodbunder Road, Eastern Freeway, Santa Cruz-Chembur Link Road, Thane-Belapur Road, NH 8 Mira Bhayndar Road, Mumbai-Nashik Highway, etc.
- The city also has robust public bus transport such as BEST, MSRTC, TMT, KDMT, and NMMT. This gives plenty of options to the commuters to connect Mumbai and Navi Mumbai with ease.
- Central Harbour Line, Thane-Panvel Line, and Central Network add more to its connectivity.
Upcoming Infrastructure Projects
- Metro Line 4: ( Wadala To Kasarvadavali), Metro Line 5- (Thane to Kalyan), and Metro Line 12 (Kalyan Taloja) will boost the overall growth of the entire belt covered by the metro network.
- Also, TMC will develop Urban Rail Transmit System (LURTS) to connect Metro Line 4 & Metro Line 5 with the Central Rail Way Station.
- Other important projects such as Thane- Borivali Tunnel Road through Sanjay Gandhi National Park, Kopri Bridge, and Airoli Karai Tunnel road will strengthen the overall connectivity.
Facilities
Industrial Hub
- IT companies, MNCs and Manufacturing Sector have been the prime movers for Thane. Connectivity to both Mumbai as well as Navi Mumbai gives better opportunities to the residents.
- Also, MMRDA has planned a Growth Centre at Kalyan district which will bring opportunities for new corporate offices, educational institutions, research, and development, and boost the residential infrastructure.
- Thane-Belapur Belt has also been emerging as a major industrial zone. This 21 Km road connects Thane to Blapur MIDC through emerging industrial areas such as Ghansoli, Rabale, Vashi, Koperkhairane, Sanpada, Nerul, and Juinagar.
- After the announcement of the International Airport At Navi Mumbai, the Thane-Belapur Belt saw impressive property appreciation. Many corporate offices from BKC and Nariman Point choose to shift to this region for its affordability and great future prospect.
Best Real Estate Projects
- Kalpataru Park city
- Hiranandani estate
- Lodha Amara
- Dosti west county
- Raymond Ten x Habitat
- Godrej Exquisite
MALAD (W)
Malad’s Proximity to Andheri Industrial Zone and Bandra Kurla Complex has triggered increased residential demand.
Moreover, Metro Line 2A from Dahisar to D N Nagar is going to amplify overall growth in Malad West. This is the primary reason for an expected property appreciation in the Malad West region in the upcoming time.
Besides, Malad is Emerging as a commercial, business district in Mumbai with a well-developed social infrastructure. Ease of living and good access to educations, health, and entertainment facilities makes it one of the best places to buy property in Mumbai.
Connectivity
Existing Infrastructure
- Goregaon Mulund Link road plays a key role in Malad’s connectivity to the other important parts of Mumbai. Goregaon-Mulund Road extends to the west side to New Link Road and Swami Vivekanand Marg. This provides a route to international and domestic airports, Bandra Kurla Complex, etc
- The Chhatrapati Shivaji International Airport is 12.2 kilometers away from Malad West.
- The New Link Road connects Malad with one of the leading industrial zones-Bandra Kurla Complex.
- A solid Bus Network for transportation gives reliable connectivity to the other parts of the suburb.
Upcoming Infrastructure
- Metro Line 2A from Dahisar to D N Nagar will have 17 elevated stations. Malad West and Malad Kasturi Park will be the two stations in the Metro 2 A-Line.
- 6 and 8 coach will be running on the Metro Line 2A with the capacities of 1756 to 2246 persons.
- The overall project completion cost is around Rs. 6,410 Cr and The 2A yellow line is expected to start by the end of 2021.
Facilities
Industrial Hub
- Malad has employment hubs such as Mindspace IT Park, Nirlon Knowledge Park, Infinity IT Park, Nesco IT Park.
- Andheri East is just 9.8km from the Malad via Western Express Highway. This provides ease of connection with one of the leading industrial areas such as Seepz.
- Also, Metro will completely change the employment landscape for the Malad, by bringing ease and reliability to travel other parts of Mumbai MMR.
Best Real Estate Projects
- Royal Pearl Malad
- Passcode Bliss And Blink Malad
- Interface Heights Malad
Considering the above factors Malad is known as one of the best places to buy a home in Mumbai.
Goregaon ODC
Oshiwara District Center is the planned development by MMRDA. ODC is at the center of the western suburb between Andheri-Lokhandwala and Goregaon.
The specialty of this center is world-class residential premises, commercial as well as retail spaces spread across 160 acres. MMRDA has residential planning for 20000 families, 3000 retail and commercial outlets.
Residential properties in Goregaon ODC are expected to have 30-40% appreciation in the next 3-4 years. And is likely to surpass the nearing markets such as Lokhandwala and Goregaon East by 25-30%.
The reason behind this surge In the capital value is planned infrastructure, walk-to-work culture, and sound connectivity. This makes Goregaon ODC one of the best places to buy a home in Mumbai.
Connectivity
Existing infrastructure
- OSHIVARA Railway Station has provided dedicated connections with the Western and Harbour Lines of Mumbai Suburban Railways.
- JVLR SV Road Flyover is an important east-west link connecting arterial western express highway to SV Road.
- Ram Mandir Road widening has reduced traffic congestions and provides seamless entry to ODC.
- Oshiwara Flyover that connects to Link Road gives easy connection with the Goregaon East, West, and NH8
Upcoming Infrastructure
- Nariman Point Charkop Coastal Road will provide much-needed connectivity North-South Corridor improving the access to Goregaon ODC.
- Metro Line 7 (Andheri- Dahisar), Mrinaltai Gore Flyover Extension, JVLR Extension will positively impact the overall connectivity of the Goregaon ODC region.
Facilities
Industrial Hub
- The commercial development in the region includes Raheja Titanium, Oberoi Commerce, Nesco IT Park, Nirlon Knowledge Park, and Mind Space Malad.
- Moreover, the area has been marked suitable for commercial investment In the upcoming years.
Best Real Estate Projects
- Sunteck City 4th Avenue By Sunteck
- Lodha Bell Air By Lodha Group
KANDIVALI
The upcoming Metro project will be a game-changer for Kandivali and It’s one of the best places to buy a home in Mumbai.
It will boost its already sound connectivity to Western Express Highway (WEH), S V Road, and Link Road. Moreover, Kandivali’s proximity to Mumbai Airport has pushed its importance.
Connectivity
Upcoming Infrastructure
- The Metro Line 2A from Dahisar to D N Nagar will have to Metro Stations in Kandivali at Ekta Nagar Kandivali (W) and Dahanukarwadi.
- It will provide a sound connection between the Western, Central, and Northern suburbs of Mumbai.
Facilities
Industrial Hub
- The nearby industrial hubs to Kandivali include Akurli Industrial Estate, Balaji Industrial Estate, Gundecha Industrial Estate. Providing ample opportunities to the residents on the employment forefront.
- The upcoming metro project will further give great connectivity to the surrounding industrial areas.
Best Real Estate Projects
- Dosti ORO 67
- Hiranandani Heritage
- Ruparel Optima
- Kalpataru
