What once was a quiet suburbun area to stay with in reasonable prices has become most crowded guess what it is all thanks to the malls and the theatre and at least 25.00Lacs sq.ft of commercial space rented out to MNCs like JP Morgan, Morgan Stanley, IBM, E Serve, Toyota, Orange, BPL etc. Most of the young 20+ out of the colleges are doing fresher jobs in call centres and having to taste the american and the english accents. This area has seen the quickest climb in the real estate prices.
Malad is the name of a railway station on the Mumbai suburban railway on the Western Railway railway line. It is a suburb of Mumbai.
Malad, like all the western suburbs is partitioned into two parts. East and West by the Western Railway line.
Apart from the original Maharashtrian settlers, this suburb has a considerable population of Gujaratis, South Indians, Marwaris and Punjabis. Real estate on the west side is more expensive than the East.
Originally, much of the land was owned by East-Indian East Indians (ethnic group) (An Indian Community) families and was used primarily for agricultural purposes. Towards the 1980s many of them sold their lands to real estate developers and the like.
One of the most prominent localities in Malad (West) is the village called Orlem (Original Marathi name - Valnai).
It has a few of the popular beaches in Mumbai noteable Marve Beach, Aksa and Erangal.
Mindspace, a posh office cum residential locality has become a hub of call centres and the service industry as more business is moving towards the suburbian Mumbai. Some major call centers in the Mindspace area are Convergys, Intelenet, 3G (3 Global Services), Sutherland, Epi Centre, JP Morgan, EDS, E-serve, E-funds, ICICI one source, OTIS etc.
Investment banks like Morgan Stanley & Merrill Lynch too have their offices in Mindspace.
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