Located in South Mumbai, Byculla has emerged as a hot residential destination among homebuyers in recent years. The area which was once famous for textile mills and the presence of highly-affluent families has today become a hotspot for luxury real estate projects most of which are skyscrapers.
Take a look at various other reasons that have made Byculla a favourable residential destination in South Mumbai:
Location and Connectivity
Byculla is well-connected by Central Railway line of the Mumbai Suburban Railway. It also enjoys smooth connectivity via local buses and ferry. All the major areas of the city i.e. South Mumbai, South-Central Mumbai, Central Mumbai, and North-East Mumbai are well-connected to this locality. Ferry Wharf, a major ferry servicing port is also located in vicinity to the area.
Besides this, Eastern and Western Express highways, and the Eastern freeway lies close to Byculla.
Byculla has witnessed some major infrastructural developments in recent years. From one of the most developed areas of Mumbai to a realty hotbed, Byculla has come a long way. It is home to some of the leading educational institutions and colleges like Villa Theresa, Queen Mary, St. Xavier’s, J.J. School and hospitals like J.J. and Jaslok. Commercial offices and high street retail shops have also embarked their presence here.
The famous Byculla Club, Zoo, museum, national railway hospital and Mumbai fire-brigade headquarters are also present here.
Real Estate Market
Byculla’s rich heritage and the presence of highly rich communities make this place a high-profile property market. Today many leading developers like Adani Realty, Piramal Group, Godrej and Marathon group have been developing their luxury and premium housing projects here. One of the projects is based on the theme of Amazon forest with the presence of 60-70 storeyed skyscrapers.
Because of the presence of luxury properties, the business class families and HNIs along with NRIs love to invest in this area of South Mumbai.
Some of the major ready-to-move-in projects present in Byculla are Shaad Residency, Kumar Sophronia, La Vision, Adani Marathon Monte, etc.
Property Price and Trends
At present, the average property price in Byculla is Rs 28,144 per sqft. One can easily get a 2, 3, 4 and 5 BHK spacious flats here starting from 2 crores.
Besides this, with changing trends and infrastructural development, the locality is providing many opportunities to developers and end-users like never before.
With excellent connectivity, plush property market and better transportation facilities, Byculla is soon going to take over its counterparts and surrounding areas like Mahalakshmi, Lower Parel, and Worli.