Lower Parel is often used to refer to the entire areas encompassing Parel as well, however, the area specifically around the Lower Parel railway station is technically the area that is referred to. Along with Parel and other residential areas in the vicinity, Lower Parel is one of the most preferred and well facilitated places. The ease of commute through rail and road is certainly a strategic advantage for all living at Lower Parel projects but what matters more is the quality of developments that each Lower Parel new project is shaping out to be.
Homebuyers and investors typically have predetermined sets of preferences as to which type of Lower Parel new projects would be ideal. Any Lower Parel new project can be classified into various subcategories. The classifications are New Residential Projects in Lower Parel, upcoming projects in Lower Parel, pre launch projects in Lower Parel, under construction projects in Lower Parel, ongoing projects in Lower Parel and ready possession projects in Lower Parel. This categorization is usually done taking into account the timeframe of completion, progress of work and the current status of every Lower Parel project.
Click picture to view details for Lodha The Park, Worli, Mumbai By Lodha Group
Click picture to view details for Siddharth Enclave, Lower Parel, Mumbai By Siddharth Group.
Click picture to view details for Indiabulls Sky Lower Parel Mumbai By Indiabulls Real Estate Ltd.
Click picture to view details for Lodha Codename Blue Moon Worli Mumbai By Lodha Group.
Click picture to view details for Orbit Grand Lower Parel Orbit Corporation.
Click picture to view details for Orbit Eternia Lower Parel By Orbit Corporation Ltd.
Click picture to view details for Orbit Terraces Lower Parel By Orbit Corporation Ltd.
The new projects in Lower Parel would normally refer to the entire plethora developments and include every category. The upcoming projects in Lower Parel 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 Lower Parel new project and the work progress capacity of the developer. The pre launch projects in Lower Parel would be referred to as those that are yet to be launched. The plans of such Lower Parel 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 Lower Parel 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 Lower Parel can be referred to as those which are nearing completion. These new projects in Lower Parel 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 Lower Parel should ideally indicate those that are ready to be handed over but in reality, any Lower Parel 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 Lower Parel projects need to look at these factors while checking out any new project in Lower Parel. 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, Lower Parel project appreciation would be integral to any decision making. At times, Lower Parel 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 Lower Parel or those that are under construction may have better Lower Parel project appreciation than the already launched or the ones ready for possession.When you do know why to invest in Lower Parel is a sorted dilemma, choosing the ideal property in terms of its present status and Lower Parel project appreciation should be two determining and quintessential influencers.
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