Mumbai, December 08, 2023 : Mumbai has witnessed a remarkable transformation in its real estate landscape. With space becoming a premium commodity in the heart of the city, developers and businesses alike have been looking to explore new horizons. One such emerging commercial property destination that has been making waves is Mulund West, a suburban neighborhood situated in the north eastern part of Mumbai.
As per the Anarock Report 2023, Mumbai’s market for commercial office space has shown a varied trend throughout Fiscal Year 2023, with various stages of expansion. Mumbai’s commercial real estate market has gone through a dynamic interplay of elements that have influenced its success over this time. The result was a robust increase in leasing activity throughout the first half of Fiscal Year 2023, reporting an impressive YoY growth of over 76% across Mumbai’s commercial real estate landscape. This surge was complemented by a substantial 7% surge in the supply of new office spaces during the same period, reflecting a noteworthy surge in market activity. Similarly, Mulund has been seen as a hot spot by commercial property investors.
Mulund, once known primarily for its residential charm, has undergone a remarkable shift, evolving into a bustling commercial hub. This transformation stems from several key factors that have propelled Mulund’s emergence as a vibrant destination for commercial properties.
Infrastructural advancements have significantly contributed to Mulund’s commercial surge. Modern commercial spaces, cutting-edge office complexes, and retail centers have sprouted, transforming the once-distant suburb into a contemporary business locale. Coupled with reputable educational institutions, healthcare facilities, and recreational amenities, Mulund presents an enticing prospect for businesses and their workforce.
And now, this thriving suburb will be crowned by the unveiling of one of the best and tallest commercial properties in Mulund West, Kalpataru Summit. This upcoming office project, spanning 1.24 acres with 465 units has been thoughtfully designed to make a resounding business impression. With its strategic location and seamless connectivity, Kalpataru Summit presents an ideal opportunity for professionals and businesses seeking a thriving work environment. Adding to its allure, the property is conveniently accessible from the Mulund railway station, offering seamless connectivity to the city’s extensive rail network. Additionally, its close proximity to the Eastern Express Highway ensures ease of travel for employees and clients alike, making it an attractive choice for businesses seeking convenience. The project offers spacious and efficient office spaces, creating an environment that nurtures creativity and productivity.
Along with the modifications mentioned above, a group of other well-known developers have also significantly influenced Mulund’s developing commercial scene.
Kalpataru Summit on LBS Road, Mulund, is set to be Mumbai’s next business hub. Just an 11-minute drive connects to key city locations, while the upcoming GMLR Road ensures a quick 5-minute commute to Western Express Highway (WEH). With Metro Line 4 stations within 5 minutes, efficient connectivity is guaranteed. Situated at the crossroads of major commercial hubs, including Thane, Bhiwandi, Navi Mumbai, Powai, and Vikhroli, Kalpataru Summit optimizes time for professionals. Beyond connectivity, it’s a sound investment in Mulund’s evolving real estate, promising growth and convenience.
Overall, Mulund West is a great place to invest in commercial real estate. In conclusion, Mulund’s journey from a quiet residential locality to a thriving commercial property destination is a testament to the dynamic nature of Mumbai’s real estate landscape. Its strategic location, improved infrastructure, and evolving demographics have made it an appealing choice for businesses seeking to establish their presence in the city. As long as sustainable development practises are embraced, Mulund is well on its way to becoming a vital commercial hub, playing a pivotal role in shaping Mumbai’s future economic landscape.
Corporate Comm India (CCI Newswire)
