Mulund is a well-developed suburb located in the North Eastern belt of Mumbai city. Hence, it is also known as the “Prince of Suburbs.” Mulund is a locality that has attracted residents and property investors alike owing to the location advantage it offers in multifaceted aspects. It lies between Thane and Mumbai and has witnessed a high demand in the real estate sector over the years. Mulund is basically divided into Eastern and Western regions with Mulund pin codes 400080 and 400081, respectively.
The history of Mulund dates back to the Mauryan Empire when the locality was known by the name Muchalind. Later the name was changed to Mul-Kund, and now Mulund. It is one of the earliest and most meticulously planned neighborhoods designed by Crown & Carter architects. In the year 1922, the owner of Jhaverbhai Narottamdas & Company, Mr. Jhaverbhai, handed over the designing of Mulund to Crown and Carter Company, who incorporated the gridiron plan for designing the city.
Mulund Mumbai is home to a diverse range of communities who lead a vibrant life in this suburb. The locality is a complete fusion of modern vibes and old traditions, and the lifestyle of the people living here follows a mix of cultures, creating a harmonious balance between both. The people living there are pretty social, welcoming and nurtures a communal spirit.
Physical Infrastructure of Mulund
When it comes to connectivity, Mulund attains a ten-on-ten score as it is well connected by the public transport system as you can see on the Mulund map. Through its central line, Mulund offers excellent connectivity to the southern and Eastern parts of Mumbai. For the working section, the Eastern Express highway, also connected to Freeway, allows excellent access to other parts of the city. The town planning of Mulund is impressive and thus connects the Mulund Railway station to almost all the routes from LBS Road and Goregaon-Mulund link road.
The 2020-2025 development plan of Mumbai City has also proposed a Goregaon Mulund Link Road that will connect the locality with numerous western suburbs. The Mulund railway station also connects this locality with other significant areas such as Bhandup, Ghatkopar, and Vikhroli. Furthermore, the Metro Line 4, which is undergoing development and is prone to be operational by 2025, will also connect Mulund, giving a reason for homebuyers to seek a residence in this locality.
Social and Retail Infrastructure of Mulund
Mulund, Mumbai hosts multiple hotels, restaurants, pubs, malls, and other social sites that provide the residents of this place and outsiders enough opportunities to lead a quality lifestyle. The locality is also home to some top education facilities such as Holy Angels High School, VG Vaze College, HK Gidwani High School, Mulund College of Commerce, etc. Besides, the arena also has recreational spaces and entertainment options such as the Kalidas Gardens, Dhingra Park, R Mall, Sambhaji Garden, and Lifestyle Mall.
The Sanjay Gandhi National Park is also in close proximity to Mulund. Mulund is also home to some top hospitals, namely Fortis, Aditi Hospital, Hira Mongi Navneet Hospital, Ashirwad Hospital, and Platina Hospital, that specialize in providing top-notch medical aid to people.
Real Estate Market Trends and Rental Demand in Mulund
If you plan on buying a property in Mulund in 2023, you can expect the Mulund property rates to be about INR 19,500 per sqft, which has soared to a 5% rise compared to the previous year. On the contrary, if you study the price rise of this locality over a span of five years, then you will find that it has hiked up to 18%.
In Mulund West, the average property rate is INR 25,350 per square foot, and thus you can expect a 3 BHK apartment to cost you between 2.25 Cr and 3.26 Cr, while a 2BHK apartment can be anywhere between 1.43 Cr and 1.95 Cr. On the contrary, 1 BHK flat can cost you between 83 lakhs and 1.15 Cr. For rented properties, the average rent can go up to INR 38,312.
On the other hand, the average price per sq ft in Mulund East is INR 19,449 for residential properties and between INR 6,578 and INR 32,576 for commercial properties. If you wish to buy a 1 BHK flat, you can expect the Mulund property prices to range between 82 lakhs and 1m19 Cr, while a 2 BHK flat can be purchased at a starting price of 1.37 Cr that can go up to 1.99 Cr.
Top Employment Hubs near Mulund
Besides offering lucrative deals to property buyers, Mulund is also one of the most sought destinations by professionals owing to its proximity to major employment hubs. Here are the top employment hubs near Mulund:
- 360-degree Business park
- Lodha Supremus
- Marathon Millenium
- MIDC
- Infinity IT Park
- Nesco IT Park
- Ecstasy Business Park
- Nirlon Knowledge Park
What are some popular Sub-Localities / Colonies / Areas in Mulund?
Mulund is a locality that not only gives you respite from the hustle and bustle of city life but also lets you find peace amidst nature, soaking in luxury. Listed below are a few popular sub-localities and colonies in Mulund:
- Mahatma Gandhi Road
- Doctor Rp Road
- Baba Maharaj Singh Marg
- Gavane Pada
- Chandraprabha Chs
Things to do in Mulund
Mulund is known for its high-rise buildings and is a bustling suburb that offers various entertainment alternatives to people who reside here or wish to head to Mulund for a day out. Here is a list of the top things to do in Mulund:
- Set out for jogging or walking in the Sambhaji Raje Maidan, which is one of the popular landmarks in Mulund and is thronged by health-conscious people. You can also witness various sports activities, such as basketball, volleyball, football, etc., taking place on this sports ground.
- Head out for shopping at R mall.
- If you have an interest in plays and dramas, you can watch one at Mahakavi Kalidas Natya Mandir.
- Explore nature at Johnson & Johnson Park.
- Enjoy the street food available at street shops in Mulund.
- Enjoy over 100 types of board games at the Ministry of Games cafe in Mulund.
- Enjoy various cuisines at the Khao Galli of Mulund.
- Enjoy the nightlife at pubs and clubs in Mulund.
Mulund is one of the prime destinations of Mumbai that calls for real estate investment offering a complete mix of urban living and natural beauty. For all those who look beyond just a property wishing for a good lifestyle, Mulund is a hotspot for such investors. Well-fledged with shopping centers, schools, colleges, and medical centers, this locality has everything to cater to all the needs of its residents. Furthermore, the commitment of this locality to preserve greenery and the ecosystem is an add-on to the visual appeal. The manifold of benefits that Mulund offers not only gets you a residence to invest in but also a dynamic community where the social life thrives amidst the lap of nature.
What is Good about Mulund
- Green and clean locality
- Easy connectivity with business hubs
- Surrounded by parks, especially Sanjay Gandhi National Park, which is one of the biggest National parks.
- Easy connectivity
- Premium housing hub
- Readily available public transport
- The locality is a safe place to reside
- Well-fledged with all basic amenities
- The roads are well-maintained
- Well-developed social infrastructure.
What’s not Good about Mulund
- Heavy traffic congestion during peak hours
- Parking issues can be a problem at times
- Pollution
