Mumbai, India's financial capital, is among the nation's top real estate markets. People frequently move here from other places in search of lucrative jobs and better lifestyles. Hence, it witnesses a constant surge in demand for housing. An extension to the mainland city, Suburban Mumbai plays host to some prime property micro-markets. It provides more scope for development in an urban region starving for space, but one where the need for residential properties never abates.

Malad is a popular residential hub in Mumbai's suburbs. Buying flats in Malad is a great idea due to its impressive social infrastructure and connectivity. The green and peaceful location is a perfect cocoon of holistic living within a concrete jungle. However, you must be careful about certain factors before you decide to go ahead with your property investment in Malad. Continue reading to know more about the area and what these essential points are:

Why is Malad a Sought-After Residential Address in Mumbai?

Malad is a suburb in North Mumbai known for its wide range of residential projects. It is also a well-known station on the Mumbai local railway's Western line. Both Malad East and Malad West are fantastic localities to buy a home. They offer a plethora of housing options catering to different budgets and needs.

The Western Express Highway (WEH) seamlessly connects Malad to the rest of the suburbs, such as Kandivali, Goregaon, and Borivali. Swami Vivekanand Road (S.V. Road) and Jogeshwari-Vikhroli Link Road (JVLR) are other critical roadways near the region. The proposed Goregaon-Mulund Link Road (GMLR) will further enhance Malad's connectivity via road once it becomes operational.

In addition to the local railway station, Malad grants easy access to the metro. Other public transport facilities available here include buses, autorickshaws, and taxis. Whether you travel by road or rail, travel is quite convenient for the residents of Malad! It is also close to the Mumbai Airport.

Additionally, the area is a dynamic business hub. It has many commercial properties and information technology parks like Infinity IT Park in Malad East and Interface IT Park in Malad West. Malad enjoys close proximity to corporate and industrial centres in Goregaon, Andheri, Powai, etc., too.

Furthermore, Malad has incomparable infrastructural facilities. Practically everything you need will be a stone's throw away from your residence. A number of leading educational institutions and reputed healthcare centres are present in Malad. You will find renowned retail establishments like Infiniti Mall as well as many recreational zones, entertainment venues and eateries here.

Another perk of staying in Malad is that it has many nature pockets within and surrounding it. While there are public parks and gardens dotting the area, Malad is more famous for its natural greenery due to the presence of lush green mangroves there. Malad is also close to ecological reserves like Goregaon's Aarey Milk Colony and Borivali's Sanjay Gandhi National Park.

The location is home to a culturally diverse, elite, and vibrant community of residents. Malad East and Malad West are safe neighborhoods perfect for the entire family!

All the above points should make it clear why buying flats in Malad is the most excellent decision any homebuyer can make.

Important Factors to Keep in Mind Before You Buy Flat in Malad

• Flat configuration

  While exploring flats in Malad, first decide what apartment configuration would be suitable for your requirements. Are you single and live alone? Or do you have a spouse, children, or senior parents who would be living with you? Apart from your budget, these factors are important in helping you determine whether a 2 BHK Malad will be ideal for you, or if you’d prefer a compact flat like a 1 BHK or a large one like a 3 BHK.

  K Raheja Realty is a trusted developer in Mumbai with two outstanding residential projects in Malad. Raheja Residency, Malad East, offers 1 & 2 BHK flats, whereas Raheja Interface Heights, Malad West, offers 2 & 3* BHK homes. These modern ready-possession apartments come with a spacious layout and high-quality features for a luxurious and comfortable living experience.

• Construction status

  Residential properties in Mumbai fall under two categories based on its completion status - Under-construction or Ready-to-move-in. RTMI flats in Malad are a good choice as they are a part of a completed project. Therefore, it is easy to verify if all the provisions meet the developer's promises.

  Since you get immediate possession, you can shift into your new house as soon as you’ve bought it and don't have to spend money on rent elsewhere. If you are an investor and plan on renting out the ready-possession apartment, you can start earning a monthly rental income promptly.

• Legal approvals

  When a residential project has legal and regulatory clearances, it gives buyers a strong sense of assurance that they are buying their dream home at the right place. RTMI properties hold an Occupancy Certificate (OC) and other necessary approvals from the local municipal authorities. So while checking out flats in Malad, ensure that the project has all required approvals. It will safeguard your property investment, thereby boosting your confidence as a homebuyer.

• Property price

  Plan your budget thoughtfully and buy flat in Malad that gives you maximum value at a fair price. Don't ignore a property's future appreciation potential for the sake of short-term affordability. Even if you have to spend a bit extra on your initial investment, a good project will yield high ROI in the long run.

  Moreover, GST isn't applicable on RTMI properties, whether you buy a 2 BHK ready to move flat in Malad or a different configuration like 1 or 3 BHK. So aside from the other advantages mentioned earlier, you can get considerable savings on the purchase of ready-possession homes.

• Project amenities

  Most new-age buyers look for lifestyle amenities in residential projects. These amenities add luxury and convenience to your everyday living experiences. So if you want to buy flat in Malad, see if the project offers a nice set of amenities.

  K Raheja Realty's Malad properties include amenities like swimming pool, clubhouse, gymnasium, ample parking space, banquet hall, kids' play area, indoor games hall, squash court, etc. (Note: The actual amenities offered may vary between projects.) Aside from lifestyle amenities, these flats in Malad also have essential facilities, such as CCTV surveillance, firefighting systems, power back-up, and high-speed elevators, among others.

• Developer's history

  Malad is a competitive micro-market with several developers launching new projects in the region. However, you must buy flat in Malad only from a reliable real estate developer with a proven track-record of successful project deliveries. K Raheja Realty is an award-winning property developer in Mumbai with a towering legacy of over 68 years. Purchasing OC-received ready-to-move-in flats in Malad with us will ensure that you have positive and rewarding experiences as a homebuyer!

Conclusion

You must take all the above points into account before finalising your selection of flats in Malad. Contact K Raheja Realty's sales office for detailed information about our Malad-based projects - Raheja Residency in Malad East and Raheja Interface Heights in Malad West!

*Available at Interface Heights.

Disclaimer

The content of this blog is based on information available to the public for general use, and any references/sources if mentioned. While we take care to refer to reliable sources as far as possible, we do not claim any responsibility for the accuracy of the given information whatsoever. The article is to be used for general informational purposes only. Please note that it neither constitutes legal advice nor does it intend to. If any individual(s) take/s any decision based on the information in this article without verifying the genuineness of the facts, we expressly disown/disclaim any potential liability that may result due to the same. We encourage readers to get guidance separately pertaining to any specific information given herein.