Mulund: Emerging as a Prime Residential Hub in Mumbai's Central Suburbs
Mumbai’s central suburbs have long been celebrated for their excellent connectivity, green spaces, and thriving residential developments. According to Knight Frank, December 2024 marked a significant milestone for the Central Suburbs, with property registrations climbing from 29% to 33%, reflecting a surge in both supply and end-user interest.
Among these suburbs, Mulund has emerged as a highly sought-after destination for homebuyers. Its seamless blend of modern infrastructure, abundant greenery, and superior connectivity has transformed it from a quaint suburb into a vibrant residential hub. Real estate experts highlight this transformation as a testament to Mulund’s growing appeal to diverse homebuyer segments, offering a balance of luxury and lifestyle.
Commenting on Mulund’s evolution, Mr. Nishant Deshmukh, Founder and Managing Partner of Sugee Group, stated, “The central suburbs, particularly Mulund, are undergoing a remarkable transformation due to improved infrastructure projects like the Mumbai Metro and key road developments. Redevelopment initiatives are further elevating its appeal, making it one of Mumbai's top investment destinations. Its strategic location seamlessly connects the city’s eastern and western corridors, attracting increasing interest from homebuyers.”
Often referred to as the ‘Prince of Suburbs,’ Mulund is one of Mumbai’s few areas that harmonizes modern urban living with the tranquility of nature. Mr. Navin Makhija, Managing Director of The Wadhwa Group, remarked, “Mulund stands out as a unique micro-market, offering a harmonious blend of urban sophistication and green living. With abundant open spaces, the area appeals to today’s discerning homebuyers who prioritize wellness and sustainability. Mulund’s evolution is marked by the emergence of upscale residential projects that emphasize community living, luxury, and convenience. As infrastructure and lifestyle amenities continue to advance, the area is solidifying its reputation as a hub for luxury living and promising investment opportunities.”
Developers have been focusing on state-of-the-art residential projects that cater to the evolving aspirations of modern homebuyers. Ms. Shraddha Kedia-Agarwal, Director of Transcon Developers, noted, “Mulund offers a unique mix of cultural heritage and modernity, making it a prime destination for families and professionals. The growing demand for premium homes here reflects its rising popularity. Many branded developers are meeting this demand by integrating luxury with sustainability.”
Highlighting its growing appeal, Bollywood’s legendary father-son duo, Amitabh and Abhishek Bachchan, made significant investments in Mulund West in late 2024, signaling confidence in the suburb’s potential.
With major infrastructure projects like the Mumbai Metro Line 4 and the Mulund-Goregaon Link Road enhancing connectivity, Mulund’s real estate market is poised for exponential growth. Its increasing allure among developers and homebuyers alike cements its status as a premier residential destination in Mumbai’s central suburbs.