Real estate in Malad

Q: How is the real estate market in Malad? Is the area safe for investment purpose?

Shrikant Kejriwal, Mumbai

2nd September 2013

Locality Review in Malad East, Mumbai

mumbai real estate

real estate malad

apartments in malad

Follow Discussion

Also see discussions for

Mumbai Malad East Locality Review Locality Review in Mumbai Locality Review in Malad East

Replies (3)

The real estate market is growing in this area because Malad has excellent social amenities due to its proximity to upscale neighbourhood such as Goregaon and Kandivali. The excellent social infrastructure is also as a result the area becoming an upcoming IT hub. The area has several educational institutions. Some of the oldest ones are Fatimadevi English School (Malad east) and Prahladrai Dalmia Lions College of Commerce and Economics. There is also a Billabong High International School here. There are at least seven malls in Malad. There are also several banks and religious places of worship in the area.

Vineet Tendulkar, Mumbai

2nd September 2013

Comment

What is the rental value of apartments and independent houses in Malad?

Bikram, Mumbai

2nd September 2013

Comment

The rent for a 1 BHK flat is between Rs. 6,500 – 30,000 while the rent for a 2 BHK flat ranges from Rs. 18,000 – 65,000. Rent for a 3 BHK flat is between Rs. 30,000 – 80,000 while the rent for a 4/5 BHK flat is between Rs. 75,000 – 1.3 lakh. The rent for a 1 BHK independent house is from Rs. 13,000 – 20,000, while it is between Rs. 23,000 – 60,000 for 2 and 3 BHK house.

Rakshit, Mumbai

2nd September 2013

Both the eastern and western parts of Malad have seen a steady increase in property prices in the last quarter with respect to apartments as well as independent houses. While the average price per sq-ft for a multistorey apartment in Malad (west) went up from Rs. 14,100 - 14,675 per sq-ft in the last quarter, it went up from Rs. 12,800 – 13,200 per sq-ft in Malad (east). Capital value for independent houses went up from Rs. 13,975 – 14,450 per sq-ft in Malad (west) while it went up from Rs. 11,700 – 12,650 pr sq-ft in Malad (east).

Sankalp, Mumbai

2nd September 2013

Comment

Malad sees a high demand for multistorey apartments than residential properties. Malad west has a higher demand for residential properties than its eastern counterpart. The covered area of a 1 BHK apartment ranges from 300 - 700 sq-ft while the area of a 2 BHK apartment is in the range of 750 – 1,200 sq-ft while for a 3 BHK apartment the area is between 1,250 – 1,750 sq-ft. The covered area for a 4/5 BHK apartment is between 1,660 - 2,500 sq-ft.

Rakshit, Mumbai

2nd September 2013

Both zones of Malad have old as well as new localities. There are several housing colonies in both parts of Malad. There is a concentration of certain communities in specific old localities while there is an influx of people from all over the country into new localities. Some housing colonies inculde BMC Colony, MHADA Colony, Chincholi Bunder Road, Raheja Township, Mind Space Complex and Mahindra Nagar.

Praveen Modi, Mumbai

2nd September 2013