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Reasons behind the popularity of Malad as a residential hub

March 23, 2020 | Silky Malhotra

Reasons behind the popularity of Malad as a residential hub

For long, Malad has been one of the most sought-after destinations for homebuyers. This was mainly due to the luxurious lifestyle, advanced infrastructure and the business prospects that this city offers. However, with more and more people moving to Mumbai, the city saturated and the need to expand the metropolitan area arose. The development, along with the focus of the real estate companies spread to the suburbs of Mumbai. Among them, Malad has gained considerable popularity among homebuyers and builders alike. In recent years, a number of reputed developers have been building housing projects in Malad.

Malad lies close to the international airport and the major commercial zones. Naturally, this makes it a coveted residential destination for those who move to Mumbai attracted by the employment and business opportunities. As many of them seek rental apartments, a home here would be profitable for investors. The price trends in Malad are upward, indicating that the property rates would further increase. As a result, rental and resale value would also get enhanced. This makes it an ideal time to invest and reap good returns.

The social infrastructure in this suburb is alluring, with a number of reputed schools, colleges and hospitals. Living in Malad, you’d have access to reliable academic and medical facilities. Other amenities such as banks, shopping hubs, parks and entertainment zones are also available in plenty. Malad is well-connected to the rest of the city and other suburbs, offering quick transit. The network of roads and railway in Mumbai has been planned well and public transport is quite reliable. The property in the area is expected to increase soon, which makes it an ideal time to invest in property.

Omkar Signet

Located next to the Western Express Highway, one of the most important roads in Mumbai, Omkar Signet is a prime residential complex offering luxurious 1 BHK and 2 BHK apartments. These homes have been priced between INR 76 lakhs and INR 2.26 crore, which is quite fair considering the envious lifestyle. The complex comes with various sports amenities, activity areas and lush green open space to ensure a relaxing lifestyle. Fitness freaks would love the swimming pool, the gym and the jogging track. Other amenities worth mentioning include the grand clubhouse, kids’ playing area and reliable security features. Buying a home here would be considered a good purchase.

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