user, Author at Blog - Real Estate News, Trends & Insights

23Jul

Investing in Property – Ensure You Check these Documents

Purchasing a property has always been a nerve-wracking task. The changing rates of real estate, new property tax rules and several other changes in the industry make it tough to both, purchase or sell a property. When it comes to the real estate industry, right documentation plays an important role. You must analyse all aspects of documentation before you invest in legal properties. The residential projects in Thane, Mumbai are hot properties in the current market. So if you intend to purchase a home here, ensure you check these documents.

Sale Deed: It is the main legal document which serves as the proof of sale and the transfer of ownership from the seller to the buyer. It should be mandatorily registered and the buyer should check the terms and conditions thoroughly before the sale is executed.

Mother Deed: Regarded as the parent document, it traces the origin ownership from the start, in case the property was owned by different owners, over different periods of time. It helps the further sale of the property and establishes new ownership. In case of new properties like Neelkanth Woods in Thane by Neelkanth Realty, you do not need a mother deed.

Building approval plan: The jurisdiction under which the area falls, sanctions a building approval plan, without which a builder cannot legally construct the building. These plans are sanctioned based on zonal classification, floor area ratio, plot depth etc.

Commencement certificate: In case of under construction properties, the builders must acquire a commencement certificate from the local authorities after the site is inspected. This document states that the projects fulfils the necessary criteria and allows the builder to commence construction, failing which he must pay due penalties.

Completion Certificate: This certificate is issued by the municipal authorities and it denotes that the building has complied with all its rules such as the height of the building, the distance from the road etc. and that it is constructed as per approved plans.

Occupancy certificate: The builder must submit the occupancy certificate issued by municipal authorities after the construction is completed. This is issued after the local agencies inspect the premises, marking it a safe sale. Make sure you ask for your occupancy certificate after buying flats for sale in Thane.

Tax Receipt: Ensure you ask your builder for the legal tax receipt. Failure to present one can authorize the government to impose a certain percentage of penalties every month on the buyer.

Power or Attorney: Another important document, a new owner can choose to nominate a trusted power of attorney which gives the latter the right to preside over the property matters (purchase or sale) in the absence of the owner.

Purchase Agreement: This document should include everything you were promised by the builder and allows you to hold the builder legally accountable in case of any discrepancies. Thane builders like Neelkanth Group, Lodha Group, Piramal Group etc. have great track records for honouring verbally made commitments in their purchase agreements.

20Jul

By userIn 3.5 BHK flats in Thane

4 Things That Make Thane Real Estate Special

It has been quite a while now that the Mumbai neighbourhood of Thane has piqued the interest of the real estate market. More and more consumers of real estate are shifting their focus from Mumbai’s main-stream vicinities and investing in the Thane Realty Market. And why shouldn’t they? After all, the area has become a force to be reckoned with! Thane has become home to some of the most luxurious yet affordable residential complexes with the finest infrastructure and the best of modern amenities. Let’s find out why purchasing a 2, 2.5 or 3 BHK in Thane is a smart investment.

The arrival of luxurious residential complexes: Since 2016, the Thane Real estate market, especially for residential complexes, has witnessed a huge demand among customers. Whether it is an under-construction property or a ready-to-move-in property, there has been a huge demand among investors. Areas such as Thane West, Manpada, Majiwada, Kapurbawdi, Ghodbunder Road etc., are coming up with 1-4 BHK flats. 3 BHK flats in Manpada are especially are highly in demand. These residential complexes come with a host of amenities that include play areas for children, relaxation areas for senior citizens, party halls, sports arenas, spa facilities, mini-theatres and so on.

An option for the every type of buyer: People on a limited budget can afford homes at prices as low as ₹3,000 – ₹4000 sq. feet in Thane East. The Thane West locality is certainly emerging as the more profitable of the two, making it a worthwhile investment. Despite being double in rates as per square feet area, investors are happy to purchase 3.5 BHK flats in Thane West by builders like Lodha Group, Piramal Realty, T Bhimjyani Realty, Hiranandani Constructions etc., because the area is one of the prime real estate markets in the city today.

The rental market of Thane: For people in the commercial business, Thane localities like Ghodbunder Road, Majiwada, Manpada, have shown a high growth in rental income in a span of under 3 years. Investing in other Thane West regions like Kolshet Road and Kavesar has also proved to be fruitful. Even people on lower budgets who have invested in the rental market in Thane East areas like Kalwa, Patlipada and Badlapur East have earned great returns on their investment.

The innumerable pros of living in Thane: Easy commute to other parts of Mumbai is a guarantee you can get when live in Thane. The entire region is well-connected to central and western suburbs as well as Navi Mumbai. In comparison to the East, the western part of Thane certainly has better amenities, so it does make sense to invest in a 1, 2, 3 or 3.5 BHK flats in Manpada, Ghodbunder Road or other Thane West localities. The area is also buzzing with educational and health care institutions, entertainment hubs, shopping malls and super markets.

15Jul

By userIn neelkanth woods olivia

Thane Real Estate – Live in Luxury at Affordable Rates

In a city like Mumbai, living in a luxurious, spacious home is nothing short of a dream. Unfortunately only the rich have always had the luxury of living in sprawling spaces and super-spacious flats in this dream city. But ever since the real estate of Mumbai’s Thane region developed, the common man has been able to purchase homes on easy loans in several luxurious properties in this Mumbai neighbourhood. Properties like Paramount by Kalpataru, Neelkanth Woods Olivia by T Bhimjyani Realty and Urbania by Rustomjee Builders are touted as Thane’s most luxurious, yet affordable residential complexes. Let’s find out a little more about them.

Paramount by Kalpataru: Located in Kapurbawdi, Paramount by Kalpataru is one of the most lavish residential apartment complexes in Thane. This urban oasis situated in the heart of the city, offers a fantastic configuration of 530 and 670 sq. feet 2 BHKs. This RERA approved project comes with several highlights such as its location close to the city’s art centres such as shopping complexes, multiplexes and several other conveniences, keeping its residents close to the city at all times. External amenities include open landscape spaces, recreational facilities, multi-purpose sports garden as well as kids and senior citizens’ area. Furthermore there are spa facilities, party halls, aerobics areas and more.

Neelkanth Woods by TBhimjyani Realty: Situated in one of Thane’s most popular locality, Neelkanth Woods Thane is located in the Manpada neighbourhood and is the project is called Neelkanth Woods Olivia. Another RERA approved project, Neelkanth Woods’ high rise building with spacious 866 sq. feet 2.5 BHKs flats in Thane, 1100 sq. feet 3 BHKs and 1258 sq. feet 3.5 BHKs are designed keeping in mind that the Indian joint family can enjoy the best of comfort and luxury. What makes this residential project even more special is that you can enjoy the bounty of nature while still living close to every necessary convenience. With a host of fantastic amenities like a landscaped garden, separate kids and adults swimming pools, a fully equipped gym, a yoga and meditation centre, a mini theatre, a badminton and squash court, a library and a spa, Neelkanth Woods Manpada makes for a dream home.

Urbania by Rustomjee Builders: A luxury property situated in Majiwada, Thane. Urbania by Rustomjee Builders is one of the most thoughtfully designed townships. Urabnia offers 2 and 3 BHK flats of different sizes beginning with 1135 sq. feet all the way to 1735 sq. feet. The project boasts of best in class amenities for every family. Perhaps its biggest advantage is its proximity to the Eastern Express Highway. This project is RERA approved. The highlights of the project include its commercial and retail spaces, a fire station, a multi-sports arena, a kids’ play area, a relaxation area for senior citizens, a barbecue corner, a multi-purpose hall for parties and functions, El Fresco dining area and an amphitheatre.

8Jul

By userIn NRI investment

Thane – A Growing Mumbai Hub That has the Rich Intrigued

In the last few years, the Mumbai neighbourhood of Thane has flourished and how! Gone are the days when Thane was considered the last option for home-buyers who could afford homes on a tiny budget. Today, Thane is regarded as one of the most happening parts of the city of dreams with some of the best infrastructure and amenities. This phenomenon has not escaped the rich of Mumbai who are investing in several under construction projects in Thane, whether it is in the residential or commercial space. Here’s why this mini-city has been receiving a lot of attention lately.

The vast land bank: There was a time when Thane mainly consisted of factories and industrial estates. The smoke-emitting industries kept investors at bay because there didn’t seem any scope for a return on investment. But with the factories shutting down and the industries ceasing operations, developers like Lodha Group, T Bhimjyani Realty and Piramal Realty took over the land, began new construction in Thane and converted it into expansive residential and commercial complexes. With factories paving way for new projects, the availability of this vast land with potential became evident.

Employment opportunities: Thane is one of those prime areas of Mumbai, which is coming up with several offices. Many companies prefer to have a base in Thane because they have to pay considerably low rents for bigger spaces which can accommodate several employees. This also makes it easier for the locals to find employment opportunities in this area. Tata Consultancy Services is a great example of a multinational corporation which has leased 2 million square feet area in Thane, opening doors for employment. Besides several IT companies are also moving to Thane making it the Silicon Valley of Mumbai.

Good prospects for growth: Land availability, great connectivity due to metro projects and state of the art infrastructure, together have raised an interest among local and NRI investors. In fact NRI investment in real estate in Thane is at an all-time high. Areas like Ghodbunder Road, Kasarvadali, Majiwada etc., boast of the best schools and health care facilities. They are also known for their commercial projects like shopping malls and multiplexes.

Great properties at lower rates: Despite the boom in Thane with its fantastic growth prospects and superior quality of infrastructure, Thane continues to remain much more affordable when compared to other posh localities of Mumbai like Colaba, Nepean Sea Road, Juhu or Bandra. It is one of the few Mumbai localities which boast of everything from fantastic green cover and lakes to top-notch educational and health care facilities, where you can purchase spacious, affordable homes.

All these factors make investing in Thane a very smart decision. Both locals and NRIs must give a serious thought to investing in a project or a property in Thane as the area holds great prospects for development. NRIs can find more information about the same on the NRI corner of the website of the builder.

2Jul

By userIn Real Estate Company in Thane

Buying a Flat in Thane – Pick One Of These Real Estate Companies

In India, everyone dreams of owning a home in a Mumbai city. Despite its relatively smaller homes and sky-high buildings, people aspire to purchase homes in Mumbai, knowing fully well that their investment will yield great returns sooner or later. After all, the real-estate rates in Mumbai are forever increasing. Yet, there is a suburb in Mumbai which is coming up with great residential projects at affordable rates. We’re talking about Thane. Smart investors looking to purchase a flat in Thane should choose from one of these four real estate companies.

Piramal Realty: The Piramal Group made its entry into the India real estate market in the 1990s with real estate projects in the retail and commercial sectors. It is only recently that this company began focusing on the residential sector and has already made a mark when it comes to providing architecturally innovative homes that suit the life-style of their customers. The USP of Piramal Realty is that unlike other projects in Mumbai, customers can get 1400 and 2000 sq. feet homes all with modern amenities.

T Bhimjyani Realty: Known particularly for their Neelkanth Woods Olivia project in Thane, T Bhimjyani is one of the most sought after realty companies in Thane. The realty giant is known for its affordable and spacious 2 and 3 BHK homes with 866 to 1261 square feet carpet area respectively, in high rise buildings. T Bhimjyani Realty has made a mark in real estate in Thane West. Aside from helping customers get financing from various banks, the company also provides world class amenities with its projects such as gymnasium, swimming pool, club house, a play area for children, and rain water harvesting.

Wadhwa Group: One of the premier real estate companies in Mumbai, Wadhwa Group has been in the real estate business for 5 decades and is known for its state of the art residential projects. The company is also associated with commercial and retail projects. Wadhwa group has constructed many residential projects in suburban and south Mumbai and is now focussing on Thane. Its flagship project in Thane’s Kapurbawdi area includes 2, 2.5., and 3 BHK flats starting at 697 sq. feet up-to 1600 sq. feet.

Shree Group of Companies: Having established themselves as one of the best realty companies in Mumbai’s metropolitan area, Shree Group has majorly developed residential projects and is known for using the highest quality materials in their buildings. The company has maintained its reputation consistently when it comes to providing all the modern amenities required by customers and has also been rated highly on the customer satisfaction scale. This real estate company in Thane and has launched a project for 2BHKs with a floor area of 970 sq. feet.

25Jun

By userIn flats in Thane West

5 Great Reasons To Invest In Thane Properties

Once upon a time in Mumbai, there was an area that people neglected. The area was treated like an abused step-child because of its smoke inducing factories and industries. Then one day a group of wise men, known as realtors decided that this abused locality needed a face-lift. Like the fairy godmother in the Cinderella story, these real estate companies made people stand up and take notice of this Mumbai locality, known famously as Thane. Yes, investing in a property for sale in Thane has now become a fashion. Find out why.

The prosperous legacy of Thane: Thane residential complexes offer great proximity, both to nature to the rapid infrastructural development. Realtors have spent days and years on end, revamping and enhancing this Mumbai locality since 2009. In just 5 years, the property rates in Thane have witnessed a 300% growth. Many offices have also shifted here which has resulted in newer employment opportunities. Thane is all set to generate even more capital appreciation in the real estate segment in the years to come.

Thane has caught the eye of realty giants: Realty giants, for years looked at Thane as an area with a great potential. Today, this Mumbai locality boasts of marvellous constructions by the best realtors in the business, from Godrej Properties to Neelkanth Realty and Piramal Realty to Lodha Group. Each of these real estate companies, have left their signatures in the Thane skyline. Besides, it is only in Thane that you can live in a residential complex with spectacular views of nature.

An optimum blend of commercial and residential complexes: With fewer employment opportunities, schools and hospitals, Thane residents used to waste several hours a day on the commute. But with Thane’s holistic growth and development in the last decade, the city has seen a rise in reputed schools, colleges, health care centres and shopping and entertainment hubs. Like the commercial complexes, posh residential complexes have emerged in areas like Ghodbunder Rd, Mapada and Thane west with investors especially purchasing flats for sale in Manpada.

Thane’s improved connectivity: You can connect to any part of urban and suburban Mumbai, as well as Navi Mumbai via JVLR, SCLR, Ghodbunder Road, Eastern Freeway, NH 8 etc. It is also connected to the Mumbai railway network through the Thane-Panvel Rail line and Central Harbour Rail Line. Furthermore, a metro line between Thane and Wadala is in the offing, which can reduce travel time by half. The MMRDA has many other plans for connectivity.

Thane is family centric: Thane is one locality where your entire family can live in comfort, without compromising on the quality of lifestyle. You can purchase spacious flats that can accommodate joint families comfortably, that too at reasonable prices. T Bhimjyani Realty also known as Neelkanth Group is credited with building the best family centric residential neighbourhoods in Thane.

18Jun

By userIn 3 BHK flats in Thane

Top 3 Thane Localities to Invest in

Finding an affordable home in one of Mumbai’s posh localities is like searching for a needle in a haystack. Finding a home, that is both affordable and close to great infrastructure and facilities is almost impossible. You have to compromise on one of the two factors. This was the story of Mumbai for the longest time, until one-day, Mumbai’s Thane locality received a major makeover. Today, Thane has gone from being the ignored middle child to the over-achieving neighbourhood kid everyone boasts of knowing. If you are considering buying 1, 2, 3 or 3.5 BHK flats in Thane, you can find great properties in the following localities.

Ghodbunder Road: The Ghodbunder Road locality is one of the fastest emerging localities of Thane, thanks to the availability of educational and health care facilities, great public transportation facilities and several hubs of entertainment close by. In the past few years, people have been investing in this locality, not only for its great infrastructure and facilities, but also because it offers rapid connectivity to Mumbai’s Eastern and Western Express Highways, which reduces travel time by hours. Furthermore, the area has seen speedy development in the real estate sector, particularly in residential projects.

Manpada, Thane West: A former industrial area, Thane West is now transforming into a posh Mumbai locality with real estate companies like Godrej Properties, Piramal Realty, T Bhimjyani Realty and Hiranandani Developers, setting up 1, 2, 3 and 3.5 BHK flats in Manpada and other upmarket localities like as Kasarvadavali, Dhokali, Anand Nagar, Azad Nagar. Thane’s western side has seen a great boom in real estate in the last decade or so. You can ensure comfort and financial security for your family by purchasing 3 BHK flats in Manpada. Despite this, Thane West remains considerably affordable for real estate investment.

Majiwada: Majiwada is one of the oldest Thane localities, which is also reasonably affordable. It is just a few minutes away from the Eastern Express Highway, which allows you to travel from one end of the city to the other in record time. Besides, Majiwada is also close to the Thane Railway station, from where you can get easy access for out-station travel. This Thane locality is home to several residential complexes, coming up with 1, 2, and 3 BHK flats in Thane. Everything you need to get by, from supermarkets to mega malls is in close vicinity.

12Jun

By userIn neelkanth woods olivia

Everything you need to know about buying a property in Thane

Purchasing a property is an intimidating task. It is akin to sitting on the KBC hot seat and getting stuck at a tough question. You may research or study everything you need to and still require an expert’s advice to bail you out, to win the jackpot. Likewise, investing in the right property is nothing short of hitting a jackpot. These days, investors in Mumbai have shifted their attention to the city of Thane, which is witnessing a real boom in terms of development and infrastructure. People are buying, 1, 2 and 2.5 BHK flats in Thane West, East and its surrounding areas. If you too are considering investing in Thane, here’s why it is a good decision.

Thane is for anyone seeking an elevating lifestyle

Thane has become a hot-spot for residential and commercial complexes, with several malls, education and health-care centres. Despite witnessing a 400% hike in development within 8 years, Thane is far from done. According to the Mumbai Metropolitan Region (MMR) there are several more infrastructure development plans in the offing approved by the MMRDA. Purchasing a 2 or 2.5 BHK in Thane is ideal for your family’s financial security and comfortable lifestyle. With Thane’s position as a central location, experts have been predicting exponential growth. The city has already moved into a self-sufficiency model.

The locality you select becomes the determining factor

The first rule of real estate investment is selecting a locality with a high potential for future growth, as well as one which is easily accessible. If you are living in a locality like Manpada or Ghodbunder Road, known for fantastic infrastructure such as broad roads, connecting highways and well planned residential and commercial complexes, you can expect great returns on investment in the near future. If you like a locality with, great development and infrastructure and a massive green cover, then the Neelkanth Woods Manpada project in Thane is ideal for you.

Expectations from the future

In the past 5 years, both Ghodbunder Road and Manpada have undergone a major face-lift. These former forest-land stretches have now become a major link between the Eastern and Western Express highways of Mumbai. These areas have become major hubs of residential and commercial property, while also fitting the budget of the average middle-class family. Investing in a project like T Bhimjyani Realty’s Neelkanth Woods Olivia residential complex can prove to be an extremely lucrative investment.

The best residential project in Thane

The ideal way to invest in residential projects is to shortlist projects being promoted by reputed real estate developers. You must also consider their track record regarding the quality of construction and timely completion. The Neelkanth Woods Thane project comes with parking facilities, play areas for kids, community halls and lots more, while also offering great accessibility to markets, schools, hospitals etc.

7Jun

By userIn new residential projects in Thane

The NRI’s guide-book for property Investment

Most Non Resident Indians (NRIs) hear stories from friends and family in India who’ve made tremendous profits in the real estate industry. This makes them deliberate using their savings in foreign currencies to purchase real estate in their home country. But most of them are not familiar with the rules and regulations of real estate investments, which let’s face, it can be pretty complex. Since NRI property investment in India is extremely lucrative, we’ve listed out some points that can facilitate your decision to invest in the sector.

Why should NRIs invest in Indian real estate?

In the recent years, investors have earned over 20% annual returns in the Indian real estate industry. Real estate investments help grow your corpus rapidly, if invested in localities with high-growth potential. The growth in India’s, particularly Mumbai’s urban areas, coupled with the influx of people from different parts of the country has paved the way for Mumbai to emerge as one the largest contributors to world economy. Mumbai’s Thane area particularly, is seen as a profitable site for real estate development with several state-of-the-art residential and commercial complexes being planned. Investing in new residential projects in Thane can prove extremely fruitful and yield great returns for NRI investors, since they are in a unique position to take advantage of this situation.

What are the best places in India for NRIs to purchase property?

Suffice to say that not all property markets yield equal returns. NRIs must examine the nitty-gritties of the market in which they wish to invest. A good rule of thumb is to invest in cities that have a fast population growth with continual influx of people. Also, investing in cities where people make the highest incomes, but the property prices are such that an average middle-class man can afford, is a safe bet. Investing in the countries metro cities like Delhi, Chennai, Kolkata and Mumbai can be intimidating. If you still wish to invest in Mumbai, you should consider putting your money into an area like Thane, which is witnessing a big boom in terms of its real estate. If you must invest in Mumbai, then new projects in Thane Ghorbunder Road and other popular areas in Thane is a great option. NRIs looking for high potential property investments should consider investing in Thane and other new-economy cities like Bangalore, Hyderabad and Pune.

How should NRIs go about with the investment?

After doing your due diligence and thorough research, NRIs can finalize a residential or commercial project they wish to invest in. It is recommended that you select a project being constructed by a reputed real estate company with years of experience. Some of the best real estate companies in India include Godrej Properties, Oberoi Realty, T Bhimjyani Realty, Lodha Group and Prestige Group. You can visit the NRI corner on the website of these real estate companies or speak to them on their helpline number for guided instructions.

3Jun

By userIn Real Estate Companies in Mumbai

Top 5 Real Estate Companies in Mumbai for your next home

Owning a home in a city like Mumbai is a distant dream for the average middle-class man. It involves living frugally and saving vigorously for years, just so that one can afford a permanent roof over their head. With a little aid from bank loans, and the right guidance from established real estate companies in Mumbai, you too, can fulfil your dream of becoming a home owner in one of the many skyscrapers that stand tall in the city. If you’re ready to make this life-changing move, ensure you purchase your home from a reputed builder, such as the ones listed below.

Lodha Group: One of Mumbai’s most trusted names, Lodha Group has been in the real estate industry since 1980 and is well known for developing great residential complexes, one after the other. This Mumbai scion is credited with building towering skyscrapers from the north to the south and the west to the east in Mumbai with projects from Dombivali in Thane to Napean Sea Road in South Mumbai.

T Bhimjyani Realty: A Mumbai real-estate stalwart, T Bhimjyani Realty boasts of an experience of over 40 years in the industry and is one of the most trusted real estate companies in the city. T Bhimjyani Realty has made a name for itself as one of the premier real estate developers in Thane, with a knack for creating superior quality residential complexes, nestled in the middle of Thane’s green cover such as the Neelkanth Woods project. The real-estate giant has earned a reputation for delivering projects on time without compromising on the quality.

Godrej Properties Limited: An Indian Company that has made its name in almost all sectors of business, from FMCG products to consumer durables, Godrej Industries branched out and entered the real estate sector in 1990 with the establishment of Godrej Properties Limited. GPL was one of the first companies to obtain ISO certification, and has since developed more than 82 million square feet of properties across several prime locations in Mumbai.

Hiranandani Developers Pvt. Ltd: With an experience of over 4 decades in the real estate industry, Hiranandani Developers are known for being proficient in every aspect of real estate from education to health care and entertainment to hospitality. The company is synonymous among customers for their reliable, sturdy and excellent architecture that is clearly visible from their project in real estate in Thane West, East, Powai, and other areas of suburban and urban Mumbai.

MICL Group: MICL Group is part of the parent company Man Infra Construction Limited that was established more than half a century ago. The company branched out into the development sector in the last decade and has already made a mark with its excellent construction and delightful customer experience. This self-contained brand boasts of its own in-house construction workers and development experts, making it one of the best real-estate companies in Mumbai.