Upcoming Prestige Cosmos in Mulund is a good example of an area where building growth is largely driven by many infrastructure projects and the Eastern Freeway. Easy connection to other shopping centers in the city, Mulund prices almost doubled in the last couple of years.
With the increasing demand for housing, but the lower the land, engineers are increasingly undertaking reconstruction projects. This is most evident in Mulund. While the property in Bandra West has always been in high demand due to the high standard of living, the good connectivity and the social infrastructure you provide, it now has a problem with traffic congestion, and low land. Most people who work at BKC require accommodation for no more than half an hour to travel; and Mulund is where the current flow is.
Reconstruction projects have been rolled out over the past few years, and are expected to bring about a change at sea in Bandra's residences over the next five years. With several company houses now moving from Lower Parel to BKC, this is one area you should be aware of.
South Mumbai is no longer the only commercial part of the city, and as job opportunities throughout the city grow, so does the need for nearby housing. Hiring is a major driver of housing, and with the exception of the BKC and suburbs, Kanjurmarg on Central Line has seen a huge increase in demand. As an emerging business district, and close to others such as Vicololi and Powai, Kanjurmarg is fast becoming the preferred destination for business buildings, and residential areas alike. The cost of property here and currently is much lower than in places like Vicolol, Powai, and Thane.
Most Impoartant, Mumbai tops the list of best investment destinations in the country, due to the wide range of high ROI offered by its many locations. Areas such as Goregaon (East), Mulund, Vile Parle, Santacruzand Bandra saw approximately 20% ROI in the last financial year. Thane and Navi Mumbai are also popular with investors looking for affordable investment options, with the promise of higher profits. As a result of massive non-sale of assets, and delays in the approval of new projects, city property prices have stabilized.
Lack of infrastructure, as well as poor maintenance of existing infrastructure has been a problem in Mumbai. However, the main focus is on developing it in new, densely populated parts of the city, thus giving impetus to less expensive buildings in these areas.
It’s an ideal destination to invest at Prestige Cosmos Mulund Mumbai.