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Is the Kanjurmarg-Mulund-Bhandup belt becoming the next luxury housing hub2

Is the Kanjurmarg-Mulund-Bhandup belt becoming the next luxury housing hub?

By Mr. Amit Jain, Chairman and Managing Director, Arkade Developers

The Kanjurmarg-Mulund-Bhandup belt, once an industrial stronghold in Mumbai, has quickly transformed into a luxury housing hotspot. Over the past few years, this area has seen a significant surge in demand for upscale residential properties, driven by a combination of infrastructure development, state-of-the-art projects and changing land use. What was once considered an industrial zone is now a prime destination for those seeking high-end living spaces.

Infrastructure: The Game Changer

One of the primary factors behind this belt’s growing appeal is the consistent infrastructure improvement. The area is situated between the Eastern and Western Express Highways, providing easy access to key business districts such as the Bandra-Kurla Complex (BKC), Powai, and Thane. This connectivity is a huge draw for professionals who want to live close to work while enjoying the comforts of modern residential living.

The expansion of Mumbai’s Metro network is another crucial element driving this change. The upcoming Metro lines, particularly Metro Line 4 and 6, will provide direct connectivity to areas like Andheri, Vikhroli, and Wadala. This will not only reduce travel time but also make commuting hassle-free, further boosting the appeal of the region for potential homeowners. Additionally, the under-construction Goregaon-Mulund Link Road and the Airoli-Mulund Bridge are expected to decongest traffic, making this belt even more accessible.

From Factories to Luxury Living

Historically, Kanjurmarg, Mulund, and Bhandup were known for their industrial activities, with large parcels of land occupied by factories and warehouses. However, as land-use policies have shifted, developers have capitalized on the opportunity to convert these industrial areas into planned residential hotspots. This has led to the emergence of high-end residential projects, complete with modern amenities that cater to affluent buyers.

Today, this belt is witnessing a flurry of real estate activity. Developers are launching projects that include features such as state-of-the-art gyms, infinity pools, landscaped gardens, and smart homes with advanced security systems. These developments cater to the needs of buyers who are not just looking for a home, but a luxurious lifestyle. The growing availability of premium amenities, coupled with the area’s excellent connectivity, is attracting both investors and end-users.

The Rise of Kanjurmarg as a Commercial Hub

Kanjurmarg, in particular, has seen significant commercial development in recent years. Major corporate offices and business parks are sprouting up, making it a hub for commercial activity. With business districts like Powai and BKC becoming saturated, Kanjurmarg offers a more affordable and convenient alternative for companies looking to set up offices. This has led to increased demand for nearby residential properties, especially high-end homes that appeal to professionals working in these business districts.

Large commercial developments by prominent players like Godrej, Runwal, and other grade-A developers are further enhancing the area’s appeal. As commercial spaces grow, so does the demand for luxury residences. Employees working in these corporate hubs prefer to live nearby, reducing their daily commute and gaining easy access to work. This symbiotic relationship between commercial and residential real estate is one of the key reasons why Kanjurmarg is fast becoming a top choice for luxury housing.

Mulund: A Perfect Blend of Connectivity and Nature

Mulund, one of Mumbai’s eastern suburbs, has long been considered a peaceful residential area. What sets Mulund apart is its balance between urban convenience and green spaces. The area is well-connected to the rest of Mumbai through the Eastern Express Highway, LBS Marg, and the Mulund-Airoli Link Road, making it a convenient location for residents who need to commute to business hubs.

At the same time, Mulund offers a more tranquil living environment compared to the bustling areas of South Mumbai. With plenty of parks, gardens, and access to Powai Lake, Mulund provides a rare combination of city living with a touch of nature. This makes it particularly attractive for families and individuals looking for a peaceful yet connected lifestyle.

Bhandup: A rare Real Estate Hotspot

One of the most preferred residential locations in Mumbai is Bhandup, hosting a wide variety of real estate choices. The residential developments in the region include flats, standalone homes, villas, and land making Bhandup a popular choice for investors and homeowners. Developers across categories are ensuring that the region’s residential real estate market is expanding rapidly. In turn, the area’s commercial real estate is benefiting from the thriving residential real estate. With the advent of a wide range of commercial real estate possibilities, including retail spaces, industrial buildings, residential rental apartments, etc., Bhandup has seen a surge in commercial real estate recently. It has become a well-established micro-market with good social infrastructure and convenient connections to other important MMR locations. Notable local amenities include Fortis Hospital, IIT Bombay, St. Xavier’s High School & Jr. College, etc. A few of the well-known retail centers in the area are Viviana Mall, R City Mall, Neptune Magnet Mall, Dreams Mall, and so on. Existence of office/industrial zones, including Ackruti Corporate Park and Bhandup Industrial Area. Excellent access via the JVLR, Mulund-Airoli Road, Suburban Railway, LBS Road, and Eastern Express Highway.

The Future of the Kanjurmarg-Mulund-Bhandup Belt

The future looks bright for the Kanjurmarg-Mulund-Bhandup belt. With infrastructure projects nearing completion and commercial activity continuing to grow, the demand for luxury homes is expected to rise further. Property prices are likely to appreciate as more high-end residential projects are launched, and the area solidifies its status as a luxury housing destination.

For developers, this is a golden opportunity to capitalize on the growing interest in this region. And for homebuyers, this belt offers a unique combination of modern amenities, excellent connectivity, and a peaceful living environment. Whether you’re an investor looking for long-term growth or a professional seeking a luxury home close to work, the Kanjurmarg-Mulund-Bhandup belt is an area worth considering.

In conclusion, the rapid transformation of the Kanjurmarg-Mulund-Bhandup belt into a luxury housing hub is no accident. It’s a result of strategic infrastructure upgrades, commercial growth, and the smart use of land that was once dominated by industries. With its blend of modern conveniences and excellent connectivity, this belt is set to become one of Mumbai’s most sought-after residential destinations

 
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