27Sep
By In new residential projects in Thane

5 Things To Check Before Buying A Property

Investing in a property is a big decision. It takes a lot of research and a lot of money. A buyer must ensure he does his research thoroughly before he signs the property contract. If he has reservations or preferences about something, he must communicate it with the builder and get it incorporated in his contract. Let’s say, for example that you are looking at flats for sale in Thane, with the hope of purchasing one. Here are a few things you should check before you purchase it.

Check the approval and licenses: After finalizing the property you must check if the builder has all his paperwork in place including the work commencement certificate, approved building plans, environmental clearance etc. Also ensure you ask for the land title status and see if the land has been bought by the builder or if they have only the developmental right. Say you are investing in some residential projects in Thane; you must check documents such as

• Title deed
• Release certificate
• Encumbrance certificate
• Certificates verifying land use
• Approvals by local body
• Property tax receipts

Check the banks financing the project: Since purchasing a home is an expensive business, builders are typically tied up with many banks. E.g. in Thane, there are renowned builders like Neelkanth Group by T Bhimjyani Realty, Godrej Constructions, Piramal Group, Lodha Group etc. Most builders can guide you with your bank loan. You can choose a bank that offers the lowest interest rates and matches your EMI budget.

Check the plans for infrastructure: Choosing a locality which has good infrastructure and civic amenities and other futuristic planning options is a safe bet as they can tremendously boost your return on investment. A locality with good schools, hospitals, shopping complexes and entertainment centres is ideal.

Verify the builder: It is very important to research the track record of the builder. You must check if the piece of land on which your apartment is being built is or is not under litigation. You can get a good idea about the builders’ reputation based upon their past and current projects. You could also post queries on various online forums about real estate to get an estimate of the builder from former clients. If you are buying a home in Thane you can trust builders like Neelkanth Realty, Godrej Constructions, Rustomjee Builders etc.

Consider the apartment size: Before you set out to purchase a flat, understand your requirement based upon your family size, future plans, locality and so on. It makes more sense to finalize your apartment, after seeing a sample flat. Most builders typically have a sample flat to show, but in case they don’t, ensure you read the fine print and see that the builder is not claiming to sell 1000 square feet 2BHK flats which are actually just about 800 square feet. Check the carpet area before purchasing.

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22Sep
By In 3.5 BHK flats in Thane

Advantages of buying 3 and 3.5 BHK flats in Thane

If you are considering a good investment to secure your future, owing a property in Mumbai’s posh Thane locality seems like a wise thing to do. In just the last decade alone, Thane has developed by leaps and bounds and continues to do so. With its super spacious residential projects, mega malls and impeccable civic and educational facilities, it is no wonder that Thane has been recognized as one of the most rapidly developing smart city in the country. Despite all this, owning a home in Thane is much more affordable than owning one anywhere else in Mumbai. Here are the advantages of purchasing 3 and 3.5 BHK flats in Thane.

It won’t be affordable in the future: In a country where property rates are steadily appreciating every day, Thane is an investment hub that should not be missed. Not only is Thane developing rapidly, it continues to remain one of the few affordable options, that is guaranteed to double your investment in the near future. With the innumerable commercial spaces and luxury township projects from builders like T Bhimjyani Realty, Godrej Properties and Lodha Group among others, it has become the place to live in. It makes much sense to buy 3 bhk flats in Manpada, Ghodbunder and other Thane areas now, before the property rates shoot up.

It can secure your future: Thane has become Mumbai’s IT hub. With large, sprawling offices, most businesses are moving to Thane. This makes Thane a good option for people wishing to live close to workspaces. Even if something uncertain like the need to relocate to a different city comes up in the future, your Thane home can be easily leased or rented and you can continue to generate monthly income out of it. Since the city is already known for its gigantic malls, fantastic civic amenities and luxury township projects, it is much easier to rent the 2 and 3 BHK flats in Thane to families looking to rent.

Big apartments: Mumbai is regarded as one of the best salary paying cities in the country. It is also a city where rents are unaffordable and the houses are extremely compact. Thane however is immune to this uncomfortable situation. In this city of tiny apartments, Thane is a breath of fresh air, with more and more builders building 2, 3 and 3.5 BHK flats in Manpada, Ghodbunder Road, Majiwada and other posh Thane West localities. The homes in Thane typically start at 800 square feet, going all the way up to 1200 and 1400 square feet, making the apartments twice as big as any other part of the city. Thane is thus ideal for people with large families or for young couples planning to settle into marital bliss in the near future.

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17Sep
By In neelkanth woods olivia

Planning to buy the perfect dream house in Mumbai –here’s why you should consider Neelkanth Woods by T Bhimjyani Realty

Mumbai’s Thane area has become one of the most sought after localities in the city with the who’s who of the business world setting up their base here. In the last decade, Thane has undergone a massive facelift and become the ‘IT’ Mumbai locality. Many reputed builders and real estate companies have set up impressive residential projects in Thane, whether it is Hiranandani Constructions, Godrej Properties, Piramal Realty or Lodha Group. However, the prestigious Neelkanth Woods Thane project by T Bhimjyani Realty is certainly one which should be a top-contender if you are planning your dream home in the city. Here’s what makes it special.

Choice of apartments: In a city like Mumbai, it is impossible to find a comfortable and luxurious gated community project that fits into one’s budget. A basic 500sq feet flat or a studio apartment in Mumbai’s suburbs and southern areas typically costs anywhere from ₹3.5Cr or higher. However, the Neelkanth Woods Olivia project offer 2, 2.5, 3 and 3.5 BHK beginning from 800 square feet and above at only ₹1.75Cr+, making it easy to own your dream home in the posh Thane West locality.

The property: Another USP of this marvellous project lies in the fact that in the otherwise crowded Mumbai city; one has to struggle to find a property that is far-removed from the constant honking of vehicles and the relentless chugging of trains. Finding a peaceful haven in Mumbai is akin to finding a needle in a haystack. Thankfully, if you purchase 2.5 bhk flats in Thane West’s famous Neelkanth Woods locality, you can envelope yourself and your family with the calming presence of nature. The Neelkanth Woods project transports you into a realm where you can escape for your dose of tranquillity.

Its fantastic location: Located in the posh Manpada Locality, Neelkanth Woods Manpada is situated closed to National Highway – 48. This organized township boasts of several high-rise buildings. Also, the Eastern Express Highway passes through Manpada, which further connects Thane to the rest of Mumbai city. In fact, Manpada is regarded as one of the fastest developing Mumbai neighbourhoods, and has become the base for several luxurious, residential and commercial projects. The public transit system is also well developed, the infrastructure is par excellent and you can find every necessary civic utility in close proximity.

The amenities: Whether you purchase 2 BHKs or 2.5 BHK flats in Manpada, Neelkanth Woods by T Bhimjyani gives you access to a host of amenities, which are not typically offered by all realtors. Along with your home, you also get access to podium and stack parking for your vehicles, a landscaped garden, a swimming pool, separate children’s and senior citizen’s areas, and a fully equipped gymnasium. There is also a steam room, Jacuzzi and sauna; a yoga room and several grounds for various sports activities.

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10Sep
By In NRI Property Investment

5 Things an NRI should know before investing in Indian Real Estate

In the last few years, the Indian Government has relaxed many laws pertaining to NRI investment in real estate. These new laws have made it easier for NRIs or non-resident Indians to purchase property in their mother-land. This has resulted in the popularity of the foreign investment market. However, there are a few things that NRIs ought to be aware of before they consider investing in India’s real estate market. These pointers may give Indian passport holders residing abroad the confidence to purchase a property while ensuring they do not break any government laws.

Type of property that can be purchased: NRIs are allowed to purchase, both residential as well as commercial properties. There is also no restriction on the number of properties NRIs can own. However, they cannot purchase agricultural lands, plantations or farmhouse. The only case in which an NRI can own agricultural land is if he/she receives it as a gift or as part of his inheritance.

Number of investments: An NRI is allowed to make any number of investments as there are no restrictions. The investment can be made on their own or with the help of a relative appointed as a power of attorney. For instance, the NRI can hand over his power of attorney to a relative to purchase more than one under construction projects in Thane, Mumbai, Delhi, Kolkata or any other city or town within India.

Availability of loans: While resident citizens find it extremely easy to procure a home loan from Indian finance companies, the same benefit is also extended to NRIs. Yes, NRIs can now easily avail housing loans like any normal resident Indian. However, the documentation process for loans offered to NRIs is quite different as that for resident citizens. You can find out all the details about the documentation process on the NRI corner tab of the lender as well as the realtor’s website.

The need to file returns: Whether you are an NRI or a resident citizen, if your annual income exceeds ₹2,50,000, you are expected to file income tax returns. For instance, say you rent out your NRI investment in real estate home to a resident Indian and are earning over ₹3,00,000 in annual rental income, then you fall under the tax payer’s slab.

Tax benefits: If an NRI chooses to purchase a home in India, he/she is entitled to all the tax benefits which are made available to resident citizens. NRIs can claim an annual tax deduction of up to ₹1,00,000 as per Section 80C of the Income Tax Act of 1961. NRIs are only taxed for the income earned or collected in India through rental income or any other salary earned in India and not on their foreign earnings.

You can get all the details pertaining to NRI investment in real estate on the NRI corner tab of the real estate company’s website.

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2Sep
By In Real Estate Company in Thane

Top 4 Qualities To Look For In A Real Estate Company

For a lot of people, a house is the biggest investment they ever make. It takes them years of planning, a stable job that can fund the EMIs and a decent down payment amount before considering this enormous investment. As such, you need to ascertain and be convinced that you have picked a real estate company that has a good market reputation, so that you do not have to stress about our investment. If you are planning to buy a home soon, here are the top 4 qualities you must look for in real estate companies.

Choose a company that provides information transparently: The first thing to do is to select a company known for providing its clients with accurate information. It should be one which is up to date on policies and procedures and provides detailed manual enlisting answers to queries regarding your investment. E.g. the real estate company in Thane, T Bhimjyani Realty and others are known for providing specific details regarding the floor plan, size, taxes commissions and all other necessary information

The size of the office doesn’t matter: Many investors make the grave mistake of thinking that a smaller office means that the real estate company is not reliable and a bigger office means that you can trust it blindly. What truly matters for the investor is the company has achieved in its closed sales volume. You need to consider a company which is known for its successful projects completed. The Neelkanth Woods Project by T Bhimjyani is worth consideration.

Choosing a reputed brand is important: Like we mentioned before, the company’s reputation is of utmost importance. This typically depends upon its management and its sales force. It is important to consider a brand that has been in the business for a longer duration as it allows you to reflect upon the business’ legacy. For instance, if you opt to purchase real estate in Thane west, you should consider builders like T Bhimjyani Realty, Lodha Group, Piramal Group, Hiranandani Constructions etc., who have a formidable reputation of building reliable and sturdy commercial and residential projects in the area, that have withstood the test of time.

Choose a company that provides timely deliverance: People who purchase under construction properties are generally promised certain occupancy dates i.e. a specific time in the near future when they would be handed over their house keys so that they can move in, due to which the investor has to make other arrangements (e.g. rental properties) before he can move in to his home. If real estate companies have the reputation of not honouring their deliverables, it is best to steer clear of them as they can mess your budget and affect your financials. The builder must acquire timely approvals from the governing bodies, NOCs and other necessary documents and provide you a fixed date to move in.

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