Truth be told, it is difficult to find as many Parel projects as one would have at discretion in suburban Mumbai and beyond. Given the fact that this part of the city is already developed and chockablock, one wouldn’t even rue the fact that only a handful of Parel new projects are in the offing. But to the flip side, every major Parel project is being developed by some of the biggest names in the real estate industry, not just in Mumbai but across the country. Quite naturally, every Parel new project is among the finest that Mumbai has to offer or will offer in the near future. With state of the art architecture and phenomenal facilities, Parel projects are a delight for any homebuyer or investor.
Homebuyers and investors typically have predetermined sets of preferences as to which type of Parel new projects would be ideal. Any Parel new project can be classified into various subcategories. The classifications are New Residential Projects In Parel, upcoming projects in Parel, pre launch projects in Parel, under construction projects in Parel, ongoing projects in Parel and ready possession projects in Parel. This categorization is usually done taking into account the timeframe of completion, progress of work and the current status of every Parel project.
Click picture to view details for Crescent Bay Parel Mumbai By L&T.
Click picture to view details for Ruparel Ariana Parel Mumbai By Ruparel Realty.
Click picture to view details for Kalpataru Avana Parel Mumbai By Kalpataru Group.
Click picture to view details for Rubberwala Eon Parel Mumbai By Rubberwala Housing And Infrastructure Ltd.
Click picture to view details for Lodha Venezia Parel Mumbai By Lodha Group.
Click picture to view details for Lifescapes Glory Parel In Mumbai By Rohan Lifescapes.
Click picture to view details for Veda Parel South Mumbai By Omkar Realtors And Developers Pvt Ltd.
Click picture to view details for Lodha Codename Oriente Parel By Lodha Group.
Click picture to view details for India Bulls Sky Suits Parel Mumbai By India Bulls.
Click picture to view details for ORBIT GRAND LOWER PAREL BY ORBIT CORPORATION LTD.
Click picture to view details for ORBIT ETERNIA PAREL BY ORBIT CORPORATION.
Click picture to view details for ORBIT TERRACES PAREL BY ORBIT CORPORATION LTD.
Click picture to view details for Indiabulls Sky Parel Mumbai By Indiabulls Real Estate Ltd.
The new projects in Parel would normally refer to the entire plethora developments and include every category. The upcoming projects in 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 Parel new project and the work progress capacity of the developer. The pre launch projects in Parel would be referred to as those that are yet to be launched. The plans of such 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 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 Parel can be referred to as those which are nearing completion. These new projects in 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 Parel should ideally indicate those that are ready to be handed over but in reality, any 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 Parel projects need to look at these factors while checking out any new project in 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, Parel project appreciation would be integral to any decision making. At times, 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 Parel or those that are under construction may have better Parel project appreciation than the already launched or the ones ready for possession.
When you do know why to invest in Parel is a sorted dilemma, choosing the ideal property in terms of its present status and Parel project appreciation should be two determining and quintessential influencers.
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