Date: May 30, 2025 Author: Team Piramal Realty

Under-construction projects in Mulund worth your investment?

Investing in an under-construction property is still considered risky by some, in spite of the additional layer of security offered by RERA (Real Estate Regulatory Authority). The fact is, investment in any type of property, whether completed or under progress, is completely secured if you consider all the aspects pertaining to property details carefully. This blog by Piramal Realty helps you understand what factors need your attention before making investment in an under-construction property, and if it is worth investing in an under construction project in Mulund.

Under-construction projects in Mulund worth investing in:

Tax benefits

As per the Income Tax Act 1961, those who invest in under-construction properties can avail tax deductions on home loan repayments under section 80c (principal) and section 24B (interest). This was an important initiative by the government of India, aimed at boosting investments in under-construction properties.

Low acquisition costs

Generally the prices of properties in under-construction projects are set lower than those of ready-possession flats. This privilege is offered in order to encourage early investment in projects, a step that also assists fundraising for the construction process. Homebuyers profit a lot from early investment in projects, as they can sell away the properties upon price appreciation after the project is complete and the surrounding infrastructure is fully developed.

Flexible payment plans

Unlike in case of ready possession flats wherein buyers have to make a one-time payment against the properties, most under-construction projects allow buyers flexible payments or paying in installations.

Scope for personalization

Certain aspects of properties such as interiors, fixtures, etc. can be given a personal touch while the work is still under progress. Such luxury apartments with personalized aesthetics tend to fetch higher resale prices.

Important considerations that make under-construction residential projects in Mulund worth investing in:

Property location and connectivity

Property location matters a lot for discerning homebuyers and astute investors. A premium property which is ideally located, well-connected to nearby commercial and recreational hubs, and has an easy access to all the essential services attracts a greater number of buyers, tenants, and investors than a property which offers luxuries but is based far away from major urban centers. Investing in well-positioned and well-connected projects in Mulund will, thus, benefit homebuyers and investors looking for impressive returns on investments (ROI).

Infrastructure conditions

A neighborhood witnessing massive development in infrastructure, physical as well as social, is poised to become a major residential and commercial hub within a short span. Mulund is no exception to this rule. Connectivity of Mulund to major business districts in Thane, Navi Mumbai, Nashik, BKC, and South Mumbai is enhancing with the latest developments such as the Eastern Express Highway (EEH), Western Express Highway (WEH), the upcoming Mumbai Metro Line 4 (green line), Metro Line 5 (orange line), the Lal Bahadur Shastri Marg (LBS), the proposed Goregaon-Mulund Link Road (GMLR), the elevated corridor coming along the EEH, connecting Chheda Nagar in Ghatkopar and Anand Nagar in Mulund East. This is a major boost to establishment of commercial units in Mulund, as well.

Advanced Social infrastructure such as multi-specialty hospitals in Mulund, highly-regarded international schools and colleges offering ICSE, CBSE, and IG boards, high-end shopping mall (R-Mall) and other branded shopping destinations, multi-cuisine restaurants, multiplexes, recreation zones, etc. are attracting families, students, working professionals, entrepreneurs, and investors, alike.

Market stability

It is important to study the market conditions of a region before investing in an under-construction project in Mulund or anywhere else. Market volatility is quite common, but its adverse effects can be mitigated by thorough research before making an investment.

RERA registration

Reputed projects are generally registered with RERA. This assures the investors of the project credibility and investment potential. In order to have a smooth and hassle-free property purchase experience, a homebuyer must ensure that the desired under-construction property in Mulund is registered with RERA.

Legal due diligence

While making investments in under-construction projects in Mulund, legal documents pertaining to permissions and approvals from the local authorities and governing bodies for construction of the property and land title deed, etc. need to be verified to avoid any legal or structural issue at a later stage.

Piramal Revanta, a magnificent project being developed (work in progress) in Mulund West by the reputed house of Piramal Realty, is an exemplary model of ideally located, well-connected , and amenity-rich residential property in Mulund. It is nestled in proximity to the serene Sanjay Gandhi National Park (SGNP) - the breathing space of east Mumbai, striking a perfect balance between urban modernity and natural tranquility. Its easy accessibility from major transportation hubs such as the LBS marg, EEH, WEH, and the upcoming GMLR facilitates a close reach to all the advanced services and amenities for its residents.

Piramal Revanta is a housing complex of meticulously designed 5 towers, the latest being Vana, overlooking the grand 25000 acres of the lush SGNP. The opulent 1-4 bhk apartments in these 5 towers offer unparalleled luxuries and comforts with their well-planned layouts and smart features.

50+ advanced amenities offered within the premises include a pool, spa, convenience store, meditation zone, cycling and jogging tracks, 2 clubhouses (club RASA - offering numerous options for fitness and recreation activities, a cafeteria), an amphitheatre, co-working spaces, etc. for leisure and convenience of the residents.

Due to its strategic location, the spacious and splendid flats in Piramal Revanta have a great potential for capital appreciation and rental yield. Liquidity rate of these deluxe residential spaces is also high among the affluent class members, owing to the constant demand for such luxurious apartments.

Take a virtual tour of our beautifully carved houses at Piramal Revanta, right from the comfort of your home, connect with us today, and reap the benefits of being an early investor in this spectacular project, taking shape in Mulund West.

Frequently Asked Questions

Is Piramal Revanta still under construction?➕

Tower 4 (RAVISA) and tower 5 (VANA) in Piramal Revanta are slated to be ready for handover by late 2028. Meanwhile, you can talk to us and indulge in the pleasant experience of investing early in this promising under-construction property in Mulund West’s ideal location.

Is Piramal Revanta registered with RERA?➕

Yes, Piramal Revata is registered with RERA, and complies with all the legal framework.

Do residential projects in Mulund West offer good ROI to early investors?➕

Reputed residential projects in Mulund West like the Piramal Revanta offer opportunities for earning handsome ROI to early investors owing to their great potential for appreciation and rental yield.

Disclaimer- The views expressed above are for informational purposes only based on industry reports and related news stories. Piramal Realty does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.