30May
By In neelkanth woods olivia

5 Best Localities in Mumbai for Aspiring Home-Owners

Mumbai, the city of Bollywood dreams is known to reward anyone with the tenacity to work hard and persevere. It is also the city where employment opportunities are ever-growing. Everyone who arrives into this magical city, dreams of, one day owning a home here. From renting flats in Thane, Juhu and Bandra, to becoming home-owners in Mumbai; it is the surest way to know you have arrived. Here are the best localities in Mumbai where you should rent/own a home.

Bandra: The Queen of Suburbs and the home of Bollywood stars, Bandra is one of Mumbai’s most expensive localities. Properties in Bandra, especially in its western side have always been in great demand. Bandra is known for its elite schools and posh gated societies. Getting to either sides of Mumbai, South or North is very easy from Bandra, thanks to its great transport network and infrastructure. The Bandra-Kurla Complex is one of the poshest localities in Mumbai and home to several corporate conglomerates.

Worli: Known popularly for the Queen’s necklace and the immensely famous Worli Sea Face, Worli is one of the best-connected Mumbai localities. Worli is strategically located at the centre of two of Mumbai’s significant business districts i.e. the Bandra Kurla Complex and Nariman Point. It also got a face-lift after the Bandra-Worli sea-link became operational, linking the two best parts of the city to one another.

Juhu: Regarded as India’s Beverly Hills, Juhu is home to the rich and famous of Mumbai. The other side of Juhu is the iconic Juhu Beach, visited by every tourist who’s set foot in this city. Juhu properties are highly in demand all the time. The prices, like its buildings, are also always sky-high. Certainly one of Mumbai’s prime properties, living in Juhu can be an expensive affair.

Thane: Real estate developers in Thane like Godrej Properties, Hiranandani Constructions, T Bhimjyani Realty and Piramal Realty have realized Thane’s potential as Mumbai’s top locality. What Thane lacks in terms of beaches (unlike the other names on the list), it more than makes up with its superior infrastructure and flawless amenities. In the last few years, Thane has become an up-and-coming locality, with investments from the affluent communities of Mumbai. Owing flats in Thane localities like Neelkanth Woods by T Bhimjyani Realty has become a status symbol. Thane is where luxury is affordable.

Powai: Regarded as a city in itself, Powai is another plush area which is best known for the serene Powai Lake. Homes in Powai are huge, when compared to other parts of the city. Today, Powai is one of Mumbai’s most happening hot-spots. This area in the north-eastern part of Mumbai is also known for its clubs, lounges and fine-dine restaurants. But if you’re thinking of buying a home here, be prepared to shell out a lot of money.

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26May
By In Uncategorized

Things to consider while buying a flat in Thane

Purchasing a property is a nerve-wracking task. There is just so much to think about. After all, buying a home is a life-long commitment, for most of us. With property rates sky-rocketing every single year, there are a lot of things to keep in account before we zero in, into the place we can call home. One popular area that is gaining attention for its affordable ownership homes is Thane in Mumbai. Here are some things you must consider if you are planning to buy a property for sale in Thane.

Thane is set for exponential growth:  An integral part of the Mumbai Metropolitan Region or MMR, Thane is set for major infrastructure development plans. The MMRDA has already approved several projects making it a central location for exponential growth. With evolving socio-cultural infrastructure and increased commercial and retail spaces, Thane has truly become self-sufficient.

Thane has grown over 400% in the last decade: In the last decade or so, Thane has become the venue of several popular art festivals in Mumbai. To top this, 5 hospitals and 9 shopping malls have come up in just 8 years. Despite being one of the most rapidly developing parts of Mumbai, Thane is also a great place to live in, for its abundant greenery and fresh air, thanks to over 30 lakes and 50 gardens in the area. If you consider buying 1, 2 or 3 bhk flats in Thane, chances are that you will be living in a locality which has all the above mentioned amenities at a walking distance.

Consider the locality: Most locations in Thane have a high potential for growth in the near future. In order to get a return on your investments, you must consider purchasing a flat in an area which has superb infrastructure such as broad roads, connecting highways and good residential and commercial complexes. You could consider buying a home in an area like Ghorbunder Road or Manpada where there are good facilities for healthcare and education.

Advantages of booking an under-construction property: When you book a property that is under construction, you have the advantage of entering the market at a lower price point. You can also choose a flat when it is ready for possession. The payment cycle is also spread over the years. A thing to remember though is to choose a reputed builder like T Bhimjyani Realty, known for their Neelkanth Woods Olivia project.

Advantages of booking a ready-made property: If you’re tired of paying huge rents and in in a hurry to become a home-owner, you can consider purchasing a ready-to-move in property. This gives you the edge of getting a first-hand view of your vicinity and also gives you the time to get to know your neighbours. You can find ready-to move-in, 3 bhk flats in Thane for sale, easily.

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19May
By In 3 BHK flats in Thane

The new face of Thane – Why the Mumbai locality has become a hot-spot for home investment

The crème de la crème of Mumbai, have, for decades purchased land in uber-rich areas of Mumbai like Cuffe Parade, Hill Road and Juhu. But in the last five years or so, the often under-rated area of Thane, has become a hot property. In fact, according to a report, Thane has become one of the top 20 cities in the world in which the affluent are investing their wealth. Real estate developers in Thane are being sought by investors who are convinced that Thane is the new face of Mumbai. So what has caused Thane to become a Mumbai hot-spot?

Thane as an IT hub: Most information technology companies in the urban areas of Mumbai have shifted base to Thane, giving it the reputation of an emerging technology and service industry hub. The reason for this is simple; the rents in Thane are lower and the properties, larger in size. Companies prefer to pay a rent for a bigger working space as opposed to smaller spaces in the posh areas of the city.

Superior quality infrastructure: Purchasing 1, 2 or 3 bhk flats in Thane areas like Ghorbunder Road, Manpada, Kasarvadavali and Majiwada give you access to good national and international schools. There are also good healthcare facilities available on demand, as well as premium malls. Besides these, travelling in and out of Thane has also become convenient, thanks to the local transport network and well-designed bus routes.

Industries and factories have closed down: Thane was once known for its industrial units and factories. It has now paved the way for premium real estate projects. With the closing of these industrial units and factories, the stench emitted from the factories and the air-pollution is no longer a nuisance. In fact, if you purchase a property for sale in Thane, you are looking at living in an area with wonderful lakes and gardens.

Lower prices make properties desirable: Unlike those posh areas of Bandra, Colaba, Nepean Sea Road or Juhu, purchasing flats in Thane, is so much more economic. The lower price factor, coupled with all the modern amenities in place, makes purchasing a flat in Thane, a worth-while investment. Purchasing a property here does not hamper your bank balance, as compared to the posh areas where you must pay excessive amounts. Thane is truly a great alternative for property investment.

The emergence of the real estate industry: With Thane emerging as one of the better areas in Mumbai to live in, several high-profile real estate developers in Thane and Mumbai, such as Hiranandani Constructions, Godrej Properties, T Bhimjyani Realty, Runwal Builders, Piramal Realty and Rustomjee builders have started projects in the city. In Manpada and Ghorbunder, Neelkanth Woods Thane by T Bhimjyani Realty has become a premier property to consider.

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6May
By In new projects in thane

Renting a home in Thane – Consider these locations

Renting a home in a city like Mumbai is no easy task. It is a mammoth task to find a locality that has every necessary amenity. If you prefer to live in a locality that gives you quick access to amenities and world class infrastructure, while the rental rates are also lower, you should seriously consider Thane. If you’re looking for rental flats in Thane, here are the best localities to choose from.

Ghodbunder Road: One of Thane’s fastest developing stretches of land, Ghodbunder Road has witnessed rapid development in every sense. The real estate industry in Ghodbunder Road is certainly booming. In the past few years, some of the most reputed developers have come up with new projects in Thane Ghodbunder Road, which are especially ideal for people looking to raise a family. Besides this, Ghodbunder Road is strategically located, connecting Thane to the Western Express Highway. Whether it is a home you wish to own or live in rented spaces, Ghodbunder Road is an ideal location.

Average rent per month: ₹13,000 per month for 2BHK and ₹19,000 per month for 3BHK

Majiwada: One of Thane’s oldest localities, Majiwada is well connected to the suburbs and urban areas of Mumbai. The chances of getting stuck in the traffic are significantly diminished, thanks to the Eastern Express Highway which allows you to drive signal-free, straight into South Mumbai within a matter of minutes. The Thane railway station is also close to Majiwada, giving access to local trains. Thane station also serves as a halting point for several out-station trains. Most people opt to rent out 2BHKs in this area.

Average rent per month: ₹15,000-₹17,000 per month for 2BHK

Thane West: Thane west is home to up-market localities such as Manpada, Kasarvadavali, Azad Nagar, Anand Nagar and Dhokali. Real estate in Thane West has seen the rise of several new luxury projects undertaken by renowned builders such as Hiranandani Constructions, T Bhimjyani Realty, Godrej Properties and Piramal Realty among others. Thane west has truly become a hot-spot with infrastructure that is developing at the speed of light. Besides, the rents here are also quite low. If you are living in a joint family setting, you could always rent 2.5 bhk flats in Manpada.

Average rent per month: ₹10,000-₹15,000 per month for 2.5BHK

Vasai East: Perhaps the most affordable locality in suburban Mumbai, the Vasai region of Thane is as developed as its others counterparts. But in the recent years, the area has received a huge face-lift with more and more developers storming in with good residential projects. Today, Vasai East is recognized for its semi-urban infrastructure and is a smart investment option, although not at par with areas like Manpada, Ghodbunder Road and Majiwada. Yet renting a home here is exceptionally affordable.

Average rent per month: ₹4000 for 1BHK and -₹7,000 per month for 2.5BHK

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2May
By In neelkanth woods olivia

Buying a House in Mumbai – A guide to taking the right steps

One of the most over-whelming feelings one can ever have is when they set out to purchase their dream home. There is so much to think about. Do you want to buy a brand-new property or an existing one? Do you want a home that is ready-to-move in or one that is under construction? Will you be able to afford it? Making these decisions is no easy task. Here are a few things you must remember when you become a home-owner, or are planning to become a home owner in Mumbai.

Take your time to decide: Buying a home in Mumbai is really expensive. You must find your potential property and figure out what you expect from your locality in terms of amenities offered, specifications and features. Next, you must tour the properties and see which ones fulfil your needs and whether they suit your budget. If you have really set your mind on becoming a home-owner in Mumbai, you could consider buying a property for sale in Thane, one of Mumbai’s poshest localities in the making.

Find the right realtor: It is important to find, not only the right agent but also the right realtor. You must look for established realtors who’ve set up prestigious projects along with the right agent with adequate knowledge about the locality you intend to live in. Also ensure you bring your negotiation skills to the fore. Buying a property for sale in Thane, as opposed to other parts of the city is a worthy option.

Read up about real-estate agencies and their projects: Make sure you do your home-work and find out about the best realtors in town. Realtors like Godrej Properties, Hiranandani Constructions, T Bhimjyani Realty and Piramal Realty are some of the best names in the business and have built properties in Thane, South Mumbai, Mumbai suburbs and other parts of the city. The Neelkanth Woods Olivia project by T Bhimjyani Realty in Thane is a great idea for investment.

Location is the key: Location is also a parameter you should have in mind before becoming a home-owner, after all your home remains your life-long asset. If you intend to put your home up for rent, you must find out if the area has the potential to bring you a decent rent. Also learn up the upcoming facilities and existing amenities that can get you a good return on investment when you intend to sell it. Real estate in Thane West, Andheri, Jogeshwari, Goregaon and Kandivali is on the rise right now with the latest infrastructure in place.

Being well informed is necessary: First-time buyers must ensure that they have familiarized themselves with the complete process of buying a home. Even if you have purchased a property before, it is advised that you read up or question your realtor about the changes in the real estate market. Ensure you get vital information about overhead charges like registration fees, stamp duty, property tax, brokerage, legal fees, etc.

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