Smart Infrastructure and Real Estate Innovation in Malad: An Exciting Future Ahead
Harshvardhan Tibrewala, Director at Roha Realty
Infrastructure is the backbone of any city’s development, and Mumbai is no exception. The Mumbai Metropolitan Region is one of the most populous urban agglomerations in the world, with a population of over 20 million. The region is characterised by a high demand for real estate, primarily due to the limited availability of land and the ever-increasing population. Malad – A Western Suburb in Mumbai has emerged as one of the most sought-after residential destinations in the region. The infrastructure growth in Malad has significantly spurred real estate demand in the area, making it an attractive destination for homebuyers and investors.
Infrastructure development in Malad has been a significant factor in driving real estate demand in the area. Malad is well-connected to other parts of Mumbai through the Western Express Highway and the Mumbai Suburban Railway network. The proposed Metro Line 2 from Dahisar to Mankhurd will further improve connectivity in the area. The government has also proposed the construction of a Coastal Road that will connect South Mumbai to Malad. These infrastructure projects will enhance connectivity and accessibility to Malad, further spurring real estate demand.
Improved connectivity is a crucial factor that drives real estate demand. The infrastructure development in Malad has significantly enhanced the connectivity of the area. With better connectivity, commuting from Malad to other parts of Mumbai will become faster and more convenient. It has made Malad an attractive destination for homebuyers and investors looking for well-connected residential areas.
The Goregaon-Mulund Link Road is a much-awaited project that will significantly enhance the connectivity between Malad and the eastern suburbs like Mulund and Bhandup. With the connectivity to the eastern suburbs improving, Malad’s appeal as a residential and commercial hub is set to increase even further.
The growth of the IT and business sectors in Malad has also contributed to the demand for infrastructure in the area. The suburb has several large business parks, IT parks, and co-working spaces. The presence of these businesses has led to an increase in job opportunities in the area, which has attracted many working professionals to Malad. The availability of job opportunities has led to an increased demand for housing in Malad. Many professionals prefer to live near their workplaces, and Malad provides affordable housing options near the IT and business hubs.
Malad boasts a robust social infrastructure that caters to the diverse needs of its residents. The suburb is well-connected by road and rail networks, making it easy for people to travel to and from work. Numerous schools, colleges, and educational institutions offer quality education to students. Medical facilities are also abundant, with several hospitals, clinics, and nursing homes in the area. Malad also has many shopping centres, entertainment options, and restaurants catering to various tastes and preferences. In short, Malad has all the essential amenities and facilities required to support a comfortable and convenient lifestyle.
The demand for affordable housing has significantly contributed to Malad’s infrastructure growth. Malad is a promising destination for home seekers, offering diverse housing options that cater to a wide range of budgets and preferences. From mid-sized affordable homes to luxurious penthouses, there is something for everyone in this bustling Mumbai suburb. Whether you are a first-time homebuyer or looking to upgrade to a more upscale residence, Malad’s real estate market has covered you. With a mix of traditional and modern architecture, this area is home to some of the city’s most sought-after properties. With its convenient location, excellent amenities, and varied housing options, Malad has become a popular destination for those seeking a high-quality living experience.
The development of infrastructure in Malad has also led to the growth of lifestyle amenities in the area. Many shopping malls, restaurants, and recreational facilities have come up in the suburb, enhancing the overall lifestyle of residents. The availability of quality lifestyle amenities has made Malad an attractive destination for homebuyers and investors looking for a well-rounded living experience.
The two new Mumbai Metro lines 2A (Dahisar to Andheri West DN Nagar) and 7 (Dahisar East to Andheri East), are already running, which is excellent news for residents in the eastern part of Malad. These Metro lines will provide convenient connectivity to other parts of Mumbai, making Malad an even more attractive location for homebuyers, investors, and businesses.
The infrastructure growth in Malad has led to a steady appreciation in property prices. As the area becomes more developed and well-connected, the demand for real estate will continue to rise, leading to a rise in property prices. It has made Malad an attractive destination for real estate investors looking for long-term capital appreciation.
The Mumbai Metropolitan Region Development Authority (MMRDA) has played a key role in developing infrastructure in Malad. The authority is responsible for planning and implementing infrastructure projects in the Mumbai Metropolitan Region. The authority has undertaken several projects in Malad, including the Coastal Road and the Metro Line 2. These projects will improve connectivity in the area and reduce travel time, making Malad a more attractive residential destination.
Malad Will Be The Hottest Property Destination in 2023
Infrastructure growth in Malad has significantly spurred real estate demand in the area. The improved connectivity, increased job opportunities, affordable housing, better lifestyle amenities, and appreciation in property prices have made Malad an attractive destination for homebuyers and investors alike.
Malad is undeniably a residential oasis. They have a cosmopolitan culture, many shopping and entertainment opportunities, easy access to the most amazing facilities, expansive green areas, and an amazing lifestyle. Malad is also an excellent real estate investment, with the possibility for high rentals and capital appreciation. So, if you’re looking for a new home in 2023 or considering investing in real estate, look no further than Malad – A Western Suburb in Mumbai.