The Top Reasons Why Byculla is a Smart Investment Choice!
When it comes to investing in Mumbai, Byculla’s name generally takes priority over other neighbourhoods. Byculla draws both luxury property purchasers and renter population due to its closeness to employers such as Lodha Excelus, Indiabulls Financial Center, and Peninsula Business Park, as well as instant access to other prominent areas such as Chembur, Kalyan, and Dadar. Superb infrastructure amenities and a plentiful supply of 2 BHK and 3 BHK inventory in South Mumbai’s premium zone make it a sought-after residential centre. What else entices purchasers to invest in Byculla? Let us investigate!
Location and connection are crucial.
Byculla is centrally located and connects the northern and southern suburbs of Mumbai. The area is bounded by arterial routes such as the Eastern Freeway, Western Express Highway, and Eastern Express Highway, which allow inhabitants to conveniently access important city destinations. It is connected to Mumbai Central, Chhatrapati Shivaji Maharaj Terminal, and Dadar by a dedicated railway station. Also, the international airport is 22 kilometres distant through the Western Highway.
Commercial opportunities abound.
The neighbourhood is near industrial estates and commercial districts such as Mumbai’s Central Business District, Dadar, Lower Parel, Worli, and Mahalaskhmi. As a result, office workers spend less time commuting. A to Z, Mahalaxmi, and Kewal industrial estates are within three kilometres, and corporate centres like as Lodha Excelus, Indiabulls Financial Center, and Peninsula Business Park are within four kilometres.
Real estate market expansion
The real estate environment of Byculla is reminiscent to that of Mahalakshmi and Chinchpokli, where abandoned mills have made way for residential and commercial buildings. More than 80% of the property stock in Byculla is priced above Rs 2 crore, with the majority of units in big gated societies. According to insider listings, the most available flats here are 3 BHK and 2 BHK designs, followed by 1 BHKs. “During a decade, the average property price in Byculla rose from Rs 18,000 to Rs 32,000 per square foot. Byculla is now poised to emulate the trends of its neighbouring communities, where prices have risen by about 40-70 percent in the previous 10-15 years “Marathon Group’s MD, Mayur Shah, agrees.
Potential for investment
Future infrastructural improvements on the eastern coast from Colaba to Wadala will help bridge the gap and increase the value of this area. The Sewri-Nhava Sheva or Mumbai Trans Harbour Connection will connect Byculla to the under-construction Navi Mumbai International Airport in 40 minutes.
Furthermore, the eastern waterfront development projects will make 1,800 acres of Mumbai Port Trust property available to the public, with a portion of it being turned into gardens, eco-parks, and recreational areas. As stated by the Urban Design Research Institute (UDRI), the eastern waterfront will have an impact on the city’s overall living standards. This construction will help areas around the 10-kilometer eastern shoreline tremendously.
Furthermore, the Mumbai Port Trust Marina project will accommodate the large number of yachts that visit the city. As a consequence, many tourist-friendly establishments will spring up along the seashore and in the surrounding area. Line 3 of the Mumbai Metro would also have a stop near Mahalakshmi, connecting Byculla to Cuffe Parade and SEEPZ.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
