Monday, July 18, 2011

Why Buy a Home in Malad

Mumbai has always seen a trend of high demand in residential development that takes place near the commercial centres of the city. Take for instance, places like Lower Parel, Worli, Bandra Kurla Complex, Andheri, Kurla, Goregaon, and Malad. Already making its mark in the real estate sector of the city, Malad is on its way to being one of the top areas for relocation or property investment. Having much of the makings of a self
sufficient residential suburb, the number one reason to buy a home in Malad is the fact that it is less congested than its adjoining areas like Borivali and Kandivali, while being very well connected to the rest of the metropolitan through its fast and slow trains, bus services, taxis, and rickshaws.

Being one of the fastest growing suburbs in the city, Malad has seen rapid growth in the last few years with emergence of the IT / BPO industry and development of the Link Road that improved connectivity to a great extent. IT hubs like Mindspace and other BPOs and KPOs have made this area the IT centre of Mumbai. Naturally, this shift is the key element in attracting youngsters and families housing professionals who work here to move base, creating a big demand for mid range and affordable residential space,while the white collar executives are in need of premium housing facilities. Malad has the reputation of being a clean and environment friendly suburb. With genuinely priced residential properties, top developers of the city are living up to the expected standards and giving the consumers what they desire.

The assurance of investment appreciation, proximity to the beach, the good number of educational institutions, medical care facilities, malls for shopping, multiplexes, leisure spaces, and easy connectivity have helped Malad climb up the desirability chart for young investors wanting luxury at the right price. Residential property rates in the area mainly depend on the state of the construction, year of completion, location, and amenities provided by the builder.

There is plenty of redevelopment potential in Malad, and many attractive new constructions going on here, especially on the Western Express Highway that could offer you your dream home. Reshaping the skyline, some major real estate players have introduced luxury residential spaces that have world class amenities and flexible space for you to make your home in Malad, a lap of luxury. Once you take a look at such buildings you will know why so many people want to buy a home in Malad.



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