31Jan
By In Uncategorized

3 Things You Must Do While Choosing an Apartment

There is no doubt that buying a home is one of the most crucial decisions an individual ever has to make. A lot of aspects need consideration before you finalise on one good apartment. It is natural to want everything to be perfect; after all it is an important investment costing lots of money. However, you should know, buying a flat is a lengthy process and overlookling or missing even a single aspect can prove damaging in the long run. If you’re considering buying a flat in Mumbai, flats in Thane are a good option. To help you choose the right apartment, here are some guidelines every home buyer needs to follow:

Think of the Future

Remember that real estate investments are directly linked with your future. You cannot just invest or buy a property that excites you at the first go. The demand for homes in India is ever increasing. Always think of the future when you decide to buy or invest in a property. Know whether the property you are investing in will yield returns later on, how the locality will grow, what amenities to expect etc. It is of paramount importance to access your needs, which includes current lifestyle, financial goals, and not to forget long-term family needs.

Your Locality Matters

If the property you purchase is meant to serve as your home, as opposed to renting it or flipping it for profit, knowing about the locality is essential. Choosing flats for sale in Thane is a wise decision because the area has grown to be a major residential hub. A lot of individuals are now shifting their base to Thane for it offers everything a buyer is looking for. Thane has been recognized as one of the most promising cities of India by FIRST Sm@rt Cities Council and Indicus Analytics, making it a perfect residential location. Apart from this, it is also home to some well-known schools, healthcare centres, shopping malls, entertainment centres and lots more. All this has made living in Thane a convenient affair.

Cross-check Developer’s Credentials

Ensuring the developer you have chosen has a good project delivery track record is vital as home investments are an expensive affair. You should opt for homes constructed by builders like Godrej Properties, Hiranandani Constructions, T Bhimjyani Realty, or Piramal Realty as they are veterans in the Mumbai real estate business and known for using good quality construction material. These industry giants are known for having a clean track record and for giving timely possession of residential projects in Thane and around.

Consider these aspects to make your whole process of choosing flats in Thane West easy and hassle-free.

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24Jan
By In new residential projects in Thane

5 tips to Maximize Gains on an Under-Construction Properties

In this day and age of 7 digit monthly pay-packages and low rates of interest on home loans, it has become easier to fulfill the dream of becoming a home owner. And if want to purchase a home in Mumbai with a spacious bedrooms, higher floors with spectacular garden views and beautiful patios, you can consider the new residential projects in Thane. You may be tempted to invest into a property if the realtor is offering lucrative schemes and additional discounts and might want to make the most of the opportunity. But the smart thing to do is to purchase a property that is under construction as opposed to one which is ready. The under construction projects in Thane are a fantastic option that you can consider. When you buy such a property you must consider the aspects that can help maximize gains on your under-construction property. Here’s what you should do.

Begin by asking the right questions

Before taking out a huge loan, you need to ask yourself if you have any other investments and the average return you are getting on them. Also ask yourself why you choose an under-construction property that can take a couple of years before it is ready for occupation. Consider the loan amount viz a viz other monthly expenses and see if it is worth it.

Make your negotiations clear at the very beginning

The first step is to negotiate a deal with the builder or the real estate company on the premium and floor-rise facing rates. If possible, you may even strike a bargain. If this aspect does not work, you might want to consider coming down 4/5 floors in order to save some lacs. This works great when you decide to sell your apartment in the later years.

Research about lenders who’ve approved the property

Do not forget to check which lenders have approved the property, especially the apartment and floor that you have chosen. Approach the banker or mortgage advisor directly instead of asking the builder as he may not necessarily have accurate knowledge of the status. Your payment may get stuck if your property is not approved.

Ensure that the CC for the floor you choose is received

New residential projects in Thane are known for high-rise floors.  You will also have to check if Commencement Certificate or CC has been received on the tower, phase and floor. You should know that banks or financial institutions do not disburse loans if the CC is not in place.

Opt for restructured payment schedules as opposed to a standard one

You can consider restructuring your payment schedule instead of sticking to a standard one. Always consider a schedule that meets your requirements. This further helps in avoiding any interest-bearing borrowings like loans from parents, banks and relatives.

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18Jan
By In NRI Property Investment

NRI Property Investment – All You Need to Know

The Indian real estate sector is quite tricky. You need to have sound knowledge about it before investing in the right property. While the real estate sector in India appears as a sound investment tool to its residents, the Non-Resident Indian community is also intrigued by Indian real estate. There are a number of reasons for the growing interests of the NRIs in this sector particularly. Safeguarding retirement plans, the yield on investments, and better returns are just some reasons why NRIs prefer to invest in real estate in India. It is true that NRI property investment in Indian real estate has grown to a great extent. Here’s why.

No maximum cap on properties owned

As far as NRI property investment is concerned, there is no restriction on the number of properties an NRI can invest in India. According to Reserve Bank of India or RBI, an NRI is permitted to buy any commercial or residential property in India. Furthermore, an investor does not need to get any permission from the RBI for the same. However, you should know, there is a restriction on foreign investment when it comes to plantation property, agricultural land or a farmhouse. These types of properties are allowed only when they are gifted to or inherited by the NRI.

NRI investment in real estate

Financial Transactions and Funding
For any NRI investment in real estate, it is of paramount importance for the transactions to be carried out in Indian currency through Indian banks alone. All the transactions should only be done through Indian banking channels. This further calls you to use your NRO (Non-Resident Ordinary Rupee) or NRE (Non-Resident Rupee) account. Apart from this, you can even issue post-dated cheques or ECS (Electronic Clearing Service) from your NRO, FCNR (Foreign Currency Non-Resident) or NRE account.

Besides, an NRI can also get funding or financial help for the purchase, only if the paperwork is clear. If you are planning to purchase a property, and it is jointly held or inherited, ensure you get a no-due certificate. You can also get help from various home loan schemes available for NRIs. However, remember that you have to pay a minimum of 20% of the property value. An NRI can get loans from banks and housing finance companies that are registered with the National Housing Bank. As the loan is sanctioned in Indian currency, it is importance for an NRI to repay the loan amount in the same currency.

As far as documents are concerned, it is vital for the NRIs to have valid passport copies, a copy of currency, appointment letter, salary certificate, designation held and more. Now that you have all the information, ensure you invest rightly and wisely in the Indian real estate sector. Go through the NRI corner on your bank’s website for more details.

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12Jan
By In 3 BHK flats in Thane

Many Benefits of Owning a 3 BHK Apartment on the Top Floor

Buying and choosing an apartment is not an easy task. It takes a lot of time and patience and you need to consider several aspects. There is a lot you need to take into consideration before you finalise on one apartment. The location, public transportation and amenities offered are of primary importance. If you are planning to buy or invest in a 3 BHK in Thane or around, then you are advised to consider purchasing a flat on the topmost floor. If you are wondering why we are advocating a flat on a top floor instead of lower floors, let us make it easy for you. Here are some benefits that you might want to consider.

Stay away from the noise

One of the greatest benefits of buying top-floor 3 BHK flats in Thane and its surrounding localities is that you can stay away from the noise. Morning traffic can raise deafening decibels of sound thanks to the incessant honking of vehicles racing the traffic. Music played on loud speakers during celebrations that last into the wee hours of the night can also hamper your beauty sleep.  If you are a person who does not like these loud noises, buying your 3 BHK on the top floor seems like a great option.

Wake up to breathtaking views

Thane is known for its beautiful lakes and gardens. You can begin you day with the most outstanding, breathtaking and spectacular views of the city below. Top floor apartments give you a feeling of being close to the sky. The marvelous views of the majestic Mumbai skyline cannot be experienced if your flat is on a lower floor.

Say hello to sunshine!

Nothing says a happy day is on the cards, like sunshine does. Besides getting a daily dose of sunshine, top floor apartments also give you your much needed dose of Vitamin D. A lot of real estate developers understand the importance of open spaces and offer balconies that let you enjoy the morning sunshine. Reading your newspaper as you sip on your morning cup coffee in the otherwise crowded city offers you the perfect escape you need for a lovely day ahead.

Winters are Great!

No matter whether you invest in a 3 BHK or 3.5 BHK apartments in Thane or around, you stand to enjoy winters at its best! You are just in the perfect spot to view the true beauty of Thane be it mist or fog.

If you are worried that top-floor apartments can make your environment hotter, remember that there is nothing some cool roofing solutions cannot fix. After all, the benefits of owning a 3 BHK apartment on the top floor out-number the demerits!

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5Jan
By In 2.5 BHK flats in Thane

Tips to Choose the Right 2.5 BHK Apartment

Owning an apartment is nothing short of an asset that offers you and your family life-long security. Despite that fact that it is a major investment, every individual dreams of becoming a home-owner. There are many things that come to mind when you consider purchasing your home, especially if you are a first-time home owner, of which the location and size of the home are of primary importance. If you are looking for a spacious and affordable home you may want to consider buying a 2 BHK in Thane or even a 3 BHK in Thane. After all, homes with more than one bedroom are ideal for people living with children and older parents. If you are planning to invest in, or buy a 2 BHK apartment in Thane and around, here are some aspects you need to be aware of.

The spatial considerations:

The great thing about buying a 2 BHK flat is that the rooms in the apartment are usually spacious and airy. These homes meet the needs of every individual staying. While small families may easily accommodate and manage in a home with smaller rooms, larger families usually require extra space and so, spacious apartments work well for them. Besides the size of the family you also have to consider that larger families also have more furniture and appliances, all of which take up space.

The floor level:

Another vital aspect that a lot of buyers and potential investors must consider is the level at which the flat is positioned. If you want your flat to be on a particular floor, you can have a word with the realtor or the real estate company about the same. A lot of buyers with larger families tend to prefer purchasing flats that are on lower floor levels, whereas nuclear families prefer the higher floors. Ensure you do your research before making a purchase.

Great for Families

While you are choosing 2 BHK flats in Thane or around, it is wise to know how spacious it is. You definitely do not want your family to be staying in a cramped-up place. Considering this aspect, it is wise to purchase a 2 BHK apartment that is spacious. If you are looking for an apartment with extra space, then you can also consider 2.5 BHK flats in Thane.

Kitchen space is important

A lot of time is spent in the kitchen, so buyers need to understand that the kitchen is more than a space where food is prepared. Small kitchens seldom offer a comfortable cooking environment. Ensure your kitchen is perfect in every way possible. Most buyers will accommodate your request if you need to make any changes or increase the size of the kitchen.

These are some of the vital factors that play a major role in helping you choose the right 2 BHK apartments.

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