Ready reckoner rates in Byculla, Mumbai

Byculla is located at the centre of Mumbai within proximity to major business hubs such as Lower Parel, Worli, Bandra-Kurla complex, Mumbai Central, Nagpada, etc. The area is famous for housing remarkable historical landmarks such as the Bhau Daji Lad Museum, the Magen David Synagogue, and the Gloria Church. Byculla has witnessed significant infrastructural developments in the past few years and has emerged as a testament to the city’s ever-evolving modern culture.

Table of Contents

Why to invest in Byculla?

Besides being in one of the most sought-after neighbourhoods in South Mumbai, there are several reasons why you should invest in Byculla:

Byculla has a well-developed infrastructure and in the coming years, there are going to be plenty of developments that will eventually lead to increased property prices.
It is near major landmarks and easy transportation services.
Presence of basic amenities like healthcare, education, recreational amenities etc;

What are ready reckoner rates?

Ready reckoner rates are minimum rates set by the government authorities to ensure fair prices and fair property transactions. Ready reckoner rates in Byculla have increased due to significant infrastructural developments and proposed government plans to improve the connectivity.

How do you calculate ready reckoner rate?

Online:

To calculate ready reckoner rate online, you can visit government websites that provide information about ready reckoner rate.
There are numerous online calculators the government provides where you can add the property details and know about the ready reckoner rate.

Offline:

To calculate ready reckoner rate offline, you can visit the local government office and ask them about the ready reckoner rate chart of the locality.
The first step is to identify the property type, i.e., residential, commercial, industrial, etc;
You can calculate the ready reckoner rate by multiplying the ready reckoner rate per unit of that specific property type with the property size.

Ready reckoner rate in Byculla

Ready reckoner rates in the city of Mumbai have been divided into 19 zones. Below are the ready reckoner rates for Byculla for commercial and residential properties.

	Ready reckoner rates for offices per square metre	Ready reckoner rates residential properties per square metre
Byculla	Rs 1,15,000-5,30,000	Rs 82,000-4,70,000

Real estate trends in Byculla

Situated in the heart of Mumbai, Byculla is a strategic location and a lucrative investment opportunity for real estate investors, both commercial and residential. Here are the real estate trends in Byculla that you should be aware of before investing in the area:

Byculla Mumbai: Location and connectivity

Byculla is extensively connected to significant parts of Mumbai via a comfortable transportation system. The Byculla railway station directly connects the Chhatrapati Shivaji Maharaj Terminus, one of the busiest railway stations. It is also close to business hubs in Mumbai, such as Central Mumbai, Lower Parel, and Bandra. Byculla’s corporate landscape and connectivity to major business hubs are advantages. Byculla is also equipped with vast and extensive road networks, and the Eastern and Western Express Highways pass through the area. Overall, Byculla’s connectivity to major parts of Mumbai and the seamless transport system are substantial plus points in determining the property rates in the area.

Byculla Mumbai: Commercial properties

Byculla possesses a diverse commercial landscape due to its connectivity to major business areas, and the retail real estate market of the area is thriving. From startups and small enterprises to major corporations, Byculla is home to all of them, especially international IT companies. The location is perfect for setting up offices, retail stores, showrooms, warehouses, etc., as it allows businesses to network and develop partnerships. Over the years, Byculla has also witnessed growth in industrial projects, offering a competitive and promising environment for companies looking to settle here.

Byculla Mumbai: Residential properties

Byculla is surrounded by vibrant landscapes while boasting its urban landscape, which adds to the appeal of the residential properties in the area. Since it is well-connected to other parts of the city, it offers an enticing opportunity to invest in residential real estate. Byculla is home to a rich cultural heritage and famous landmarks in Mumbai, adding to the appeal. Since the area is filled with shops, restaurants, schools, colleges, and hospitals, it is the perfect spot for anyone looking to settle here. Byculla is near the Grand Galleria Malls, Mazgaon, Mumbai Zoo etc; which attracts significant investors. Due to the enormous growth potential of the area, the Indian government has initiated major infrastructure projects, the most important being the Mumbai Metro Line 3 which will pass through the area and connect it to major hotspots in the city. The development of the Mumbai Trans Harbour Link Road that will connect Byculla to Sewri and Navi Mumbai will also be beneficial for the residents.

Factors affecting property prices in Byculla

Numerous factors affect property prices at a certain place. Here are some factors that have contributed to the increase in property rates in Byculla:

Demand: Properties in Byculla have been in demand due to its location and connectivity. It is connected to major parts of Mumbai via an efficient transport system making it an excellent choice for people.

Infrastructure: Byculla has a modern infrastructure that contributes towards an increase in property prices.

Upcoming projects: The government has lined up numerous projects in Byculla, such as a metro system and highways to improve connectivity. Hence, growth prospects also have a significant influence on property prices.

Proximity to business hubs: Byculla is close to various business hubs in Mumbai, which also affects the property prices in the area.

FAQs

Which area in Mumbai is the most expensive?

Malabar Hills, Bandra, Juhu and Worli are some of the most expensive areas in Mumbai.

Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at [email protected]

Was this article useful?

😃 (0)
😐 (0)
😔 (0)

Priya Banerjee

Priya Banerjee, a writer with a keen eye on the property market, she deciphers the ever-changing trends in residential real estate. Priya excels at simplifying complex real estate terms, making them easy for everyone to understand. Her well-researched advice helps buyers and investors understand complex topics.