Overview of Hanuman Chowk, Mumbai

Position and General Details

Hanuman Chowk is located in Mulund East, Mumbai. It’s often linked with Mulund West because it lies centrally. It acts as a significant crossing and a key spot in the community, celebrated for its active commercial and residential zones.

Real Estate Market

Property Rates

• Opening prices in Hanuman Chowk come in at Rs. 15,172 per square foot.
• The average price clocks in at Rs. 19,662 per square foot.
• Some of the top prices soar as high as Rs. 22,699 per square foot.

Property Varieties and Availability

• The neighborhood features a blend of residential buildings, with both long-standing and newer apartments.
• Different living arrangements, like 1 BHK apartments, are up for sale or rent. A specific instance could be a 1 BHK flat priced around ₹16,842 per sq.ft.

Facilities and Infrastructure

Business Amenities

• Hanuman Chowk’s big commercial hub houses numerous shops, retail stores, and local businesses offering everyday essentials to specialized goods.
• This area is brimming with activity every day and includes several small businesses and eateries.

Residential Amenities

• The residential spaces combine traditional and modern designs, meeting varied housing needs.
• Many homes offer bike and car parking, fully furnished apartments, and other contemporary features.

Transport and Access

• Excellent transport choices exist, making the area ideal for families, working individuals, and retirees.

Investment and Rental Opportunities

Rate Changes

• Property prices in Hanuman Chowk have increased by 2.8% over the past year, showing positive development for investors.

Renting Market

• There are plenty of fully furnished apartments for rent, indicating a strong rental market that could be appealing for people planning to rent out properties.

PropertyWala's Final Thoughts

Hanuman Chowk in Mulund East, Mumbai, is a strong choice for both buyers and renters due to its lively commercial and residential environment. The locality’s central location, good transport links, and numerous amenities make it attractive for various groups of people. With positive price trends and a mix of old and new residences, it's a neighborhood worth considering for real estate investment or for living.