Bhandup to Witness Gradual Growth in Real Estate Industry
Bhandup is Mumbai’s one of the oldest suburbs and it was nothing but a dense forest in the past. The area witnessed significant growth in industrial segment. Around 40 years ago, the real estate scenario has seen an upsurge. Today, Bhandup is one of the most anticipated residential suburbs in the city. It is the suburb which is the house to the Asia’s biggest water filtration plant. It is categorized into Bhandup East and Bhandup West. As compared to Bhandup East, Bhandup West has seen more developments. Bhandup is a well developed suburb when it comes to social infrastructure and connectivity.
Along with affordability, these factors are driving the suburb to grow in real estate market. The region has become among the leading investment destinations. A lot of real estate activities are going to happen in this area. A lot of high end projects have come up in this suburb. A lot of proposed infrastructural projects, such as Goregaon-Mulund Link Road are coming up to improve connectivity. When it comes to accessibility, Bhandup West is strategically connected to the city through rail and road. The micro market is well covered by the major localities like Mulund, Bhandup East, Andheri East and Powai.
Lal Bahadur Shastri Marg or LBS Marg also intersects through this suburb and connects this locality to Mumbai and Thane. It is also located in the vicinity to Eastern Express Highway. It has huge road network to ensure intra and inter connectivity of the area. It also has railway station lies on the central route of Mumbai Suburban Rail Network. The airport is located around 12 km from this landmark and one can access it within 50 minutes. It also has a lot of minor and major industries, small scale manufacturers and companies.
Shopping malls that are located around are the Dreams Mall and Neptune Magnet Mall which house a lot of national and international brands. It has world-class retail outlets of brands including American Eagle, Wills, VIP Showroom, Debenhams, Lee Cooper and Reebok. Several grocery stores, shopping complexes and multiplexes like Carnival Cinemas, Cinepolis and Shree Krishna Cinema are located here.
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