Matunga is one of the most favorite neighborhoods at the heart of Mumbai. Some people refer to it as midtown of South Mumbai and being close to the iconic Shivaji Park, having a seamless rail and road connectivity and quick commutes to some of the most important areas of the city, there are numerous advantages of staying at one of the Matunga projects. Almost every Matunga project enjoys a fascinating view of the seas and the entire stretch of the city sprawling the eastern corridors. If panoramic views of a handful of places in Mumbai are something to be mesmerized with then Matunga projects offer some of the most fascinating ones. Being a hub of numerous schools, colleges, hospitals and marts, Matunga is a fine blend of the old world charm and contemporary Mumbai.
Homebuyers and investors typically have predetermined sets of preferences as to which type of Matunga new projects would be ideal. Any Matunga new project can be classified into various subcategories. The classifications are upcoming projects in Matunga, pre launch projects in Matunga, under construction projects in Matunga, ongoing projects in Matunga and ready possession projects in Matunga. This categorization is usually done taking into account the timeframe of completion, progress of work and the current status of every Matunga project.
The new projects in Matunga would normally refer to the entire plethora developments and include every category. The upcoming projects in Matunga 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 Matunga new project and the work progress capacity of the developer. The pre launch projects in Matunga would be referred to as those that are yet to be launched. The plans of such Matunga 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 Matunga 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 Matunga can be referred to as those which are nearing completion. These new projects in Matunga 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 Matunga should ideally indicate those that are ready to be handed over but in reality, any Matunga 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.
Click picture to view details for Wadhwa W54 Matunga By The Wadhwa Group.
Click picture to view details for Vinod Villa Matunga By Joy Group.
Families or investors that invest in Matunga projects need to look at these factors while checking out any new project in Matunga. 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, Matunga project appreciation would be integral to any decision making. At times, Matunga 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 Matunga or those that are under construction may have better Matunga project appreciation than the already launched or the ones ready for possession.
When you do know why to invest in Matunga is a sorted dilemma, choosing the ideal property in terms of its present status and Matunga project appreciation should be two determining and quintessential influencers.
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