Mindspace, Mumbai

Mindspace is a developed residential and commercial neighbourhood in Malad West, Mumbai. The Mindspace pin code is 400064. It is located along the New Link Road and is surrounded by areas of Evershine Nagar, Ram Nagar, Ekta Nagar, and Chincholi Bunder. The locality is a prominent employment centre comprising several offices.

Mindspace is a business and industrial park trademark owned by K Raheja Corp. In 1999-2000, K Raheja Corp created Mindspace, Malad, a 110-acre suburban park. Mindspace might satisfy a significant percentage of Mumbai's commercial space requirement requested by the IT ITES sectors by establishing the technology park in the suburbs. Tenants include JP Morgan Chase and Firstsource. It has witnessed rapid development in the past few decades, driven primarily by establishing numerous IT parks, corporate offices, and commercial complexes. 

Mindspace Mumbai offers offices, residential towers, entertainment facilities, and other retail businesses. The buildings by Mindspace have been designed and built to have minimal environmental impact. The locality houses over 50 businesses in India, including Accenture, L&T Infotech Ltd, Cognizant Technology, and Capgemini Group, indicating a diverse professional community. The local language here is Marathi. Mindspace offers a dynamic and cosmopolitan living experience, attracting people from various walks of life.

Physical Infrastructure

Mindspace Mumbai is well-connected with excellent physical infrastructure. It is well-connected via New Link Road and SV Road, providing good connectivity via road. It is also close to the Malad Railway Station. Public transportation options are abundant, with several bus routes passing near Mindspace. The locality is also accessible by train. The upcoming Metro Line 2, connecting Dahisar with Mandale, would pass through this region. The Chhatrapati Shivaji International Airport is around 13 km away and can be conveniently accessed via the Western Express Highway. 

Mindspace has been designed and built to have minimal environmental impact. Use the Mindspace map for correct directions for reaching the place.

Social and Retail Infrastructure

Mindspace Mumbai is a well-developed commercial and residential neighbourhood with a robust social and retail infrastructure. The locality has no schools. Nearby schools in the area include the Orchids:The International School (Malad West - 3.4 Km), Ryan International School (Malad West - 2.6 Km) and Billabong High International School (Malad West - 4.2 Km), providing quality education. For higher education, institutions like Amity Global Business School, Smt. K. G. Mittal Institute of Management, Information Technology and Research (Malad West - 1.4 Km), Ghanshyamdas Saraf College of Arts & Commerce (Malad West - 2.4 Km) are nearby. 

Healthcare facilities are also easily accessible, with hospitals like Saraswati Hospital (Malad West - 1 Km), CritiCare Asia Multispeciality Hospital (Malad West - 1 Km), Altiuz Multispeciality Hospital (Malad West - 1.3 Km) in the vicinity. For shopping and entertainment, residents have multiple options, including Infiniti Mall, Inorbit Mall (Malad West - 1.9 Km) and Evershine Mall (Malad West - 2.2 Km), which house a variety of retail outlets and eateries. The area continually develops, with ongoing and upcoming projects enhancing Mindspace infrastructure. The area houses several banks and is near police stations and fire stations. It's a well-developed residential and commercial neighbourhood that blends natural green spaces and premium infrastructure. 

Real Estate Market Trends and Rental Demand

Mindspace Mumbai is witnessing a dynamic real estate market. The Mindspace property rates are falling at the rate of 1.73%. The average Mindspace property price is ₹20,610, while the price range from ₹7,500 - ₹29,721. The property rates are influenced by several factors, such as the area’s robust social and retail infrastructure, including schools, colleges, hospitals, and malls. The current economic recovery is driving up demand for residential and commercial properties. The rental demand is increasing at 22.69%, with an average rent of ₹58,975 and the rent range from ₹35,000 - ₹85,000. 

The area also has various commercial properties of various sizes. The cost of buying a commercial property can range from ₹70 lakhs to ₹5.5 crores. There are plenty of renting options. The cost of renting a property can range from ₹42,000 to ₹2.8 lakhs. The area’s status drives this demand as a significant commercial hub and government initiatives like affordable housing. However, increasing construction costs and regulatory changes could impact the market. Understanding these factors will be critical for buyers, sellers, tenants, and landlords to make informed decisions.

Top Employment Hub in or Nearby Mindspace

Mindspace, located in the bustling city of Mumbai, serves as a thriving commercial district and a significant employment hub. It attracts a diverse workforce due to its proximity to several other prominent employment centres. Some of the employment hubs near Mindspace are as follows: 

• Paradigm B - Mindspace- 450 m

• Lotus Business Park - Malad West - 2.3 Km

• Nesco IT Park, Goregaon East - 6.3 Km

• Nirlon Knowledge Park, Goregaon East - 6.6 Km

• Infinity IT Park, Malad East - 6.9 Km

• Neo Corporate Plaza, Malad West - 2.1 Km

What are Some Popular Sub-Localities in Mindspace?

Mindspace is a popular commercial and technological hub in the western suburbs of Mumbai, India. Within Mindspace, several well-known sub-localities have become prominent business and corporate destinations. Some of the popular sub-localities in Mindspace are:

• Rajan pada
• Ekta Nagar
• Kumbharwada
• Evershine nagar
• Liberty Garden
• Kanchpada
• Malad
• Sunder nagar
• Mamledarwadi

Top Things to Do in Mindspace?

Mindspace is one of several top landmarks and attractions that provides a profusion of activities for locals and visitors. Some of the top things to do in Mindspace are as follows:

1. The locality is brimming with options for street shopping and modern malls, Which provide a diverse retail experience.
2. Discover the vibrant nightlife at the Road House Cafe Bar, Glass House Lounge - Malad
3. Savour many cuisines at local restaurants, street food stalls, and cafes. You can eat at the Konkan Chilly, The ThekaaSigree Global Grill, and Stir Fry Grill.
4. The People's Place Museum is a cultural institution dedicated to showcasing the rich history and diverse heritage of its community through engaging exhibits and interactive experiences.
5. Visit places of worship like Pottu Amman Temple to experience serenity.

Conclusion 

In recent years, Mindspace, situated in the heart of Mumbai, has emerged as a sought-after residential and commercial hub. This thriving locality has witnessed a surge in property demand thanks to its multifaceted charm, strategic positioning, and robust infrastructure. Mindspace allows residents to embrace a harmonious lifestyle, blending the benefits of a dynamic urban environment with the serenity of green spaces. Its vibrant atmosphere, convenient access to the airport, and an array of amenities further elevate its appeal, making Mindspace an irresistible choice for those searching for a well-rounded living experience in the bustling city of Mumbai.

What is Good About Mindspace?

Mindspace has several attractive features and amenities and offers residents and visitors a host of advantages:

• Proximity to Key Business Districts: Close to major commercial hubs like BKC and Goregaon IT Park.

• Excellent Connectivity: Well-connected via road and rail networks, easing daily commutes.

• Diverse Dining Options: Abundance of restaurants and eateries catering to various cuisines.

• Entertainment Choices: Easy access to malls, theatres, and nightlife options.

• Educational Institutions: Renowned schools and colleges in the vicinity.

What’s not Good about Mindspace?

While Mindspace in Mumbai offers many advantages, there are areas where improvement is needed:

• Air Quality: Pollution levels can affect air quality.

• Infrastructure Maintenance: Roads and public facilities require upkeep.

• Overcrowding: Some areas can get crowded during peak hours.

• Cost of Living: High property prices and living costs.

• Water Scarcity: Seasonal water shortages can occur.