Byculla projects are well known for their premium residential apartments which is a key reason why they find resonance among the affluent. It is a cosmopolitan area with different communities and over the last few years, several tall residential towers have redefined the skyline of Byculla. Every Byculla project also gets to benefit from the fact that it has Nagpada and Mumbai Central on the West, Agripada, Jacob Circle and Mahalakshmi on the North-West, Chinchpokli to the North, Madanpura in the Centre, Reay Road and Ghodapdeo on the North-East, Mazagaon and Dockyard Road to the East and Sandhurst Road and Bhendi Bazaar to the South.
Homebuyers and investors typically have predetermined sets of preferences as to which type of Byculla new projects would be ideal. Any Byculla new project can be classified into various subcategories. The classifications are upcoming projects in Byculla, pre launch projects in Byculla, under construction projects in Byculla, ongoing projects in Byculla and ready possession projects in Byculla. This categorization is usually done taking into account the timeframe of completion, progress of work and the current status of every Byculla project.
The new projects in Byculla would normally refer to the entire plethora developments and include every category. The upcoming projects in Byculla would be the ones that have just been launched and have a scheduled timeline of completion, usually about two to five years from present day as the case may be depending on the size of the Byculla new project and the work progress capacity of the developer. The pre launch projects in Byculla would be referred to as those that are yet to be launched. The plans of such Byculla projects are usually approved by the regulatory bodies and the developers are at the brink of starting extensive developments of the lot of land. The under construction projects in Byculla would be those that are neither at pre launch nor upcoming. They would be typically in the beginning stages of construction but a significant majority of the development is still pending or about to be accomplished. The ongoing projects in Byculla can be referred to as those which are nearing completion. These new projects in Byculla would have several portions of the project developed already and can be anywhere around a few months to a year or two from the date of possession or handover. Ready possession projects in Byculla should ideally indicate those that are ready to be handed over but in reality, any Byculla projects that is about a few weeks from possession or has been already completed a few weeks to a few months before would be classified in this category.
Families or investors that invest in Byculla projects need to look at these factors while checking out any new project in Byculla. While it is normal for anyone to have a certain preference, it is ideal to check out various other factorials and influencers to gage the best possible investment option.For instance, Byculla project appreciation would be integral to any decision making. At times, Byculla projects that have been launched get appreciated better than those that are in pre launch or under construction stages where as in many cases upcoming projects in Byculla or those that are under construction may have better Byculla project appreciation than the already launched or the ones ready for possession.
When you do know why to invest in Byculla is a sorted dilemma, choosing the ideal property in terms of its present status and Byculla project appreciation should be two determining and quintessential influencers.
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