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.

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25Jun

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.

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30Apr

Location – Why It Plays a Major Role in Buying an Apartment in Thane

Purchasing a property is a huge investment. There are several factors to consider, as a first time owner is often confused about the first steps to take in becoming a property owner. While considering the budget is of primary importance, there are other factors also that need to be accounted for, such as the locality, the amenities, the neighbourhood and so on. If you’re living in Mumbai, you may be tempted to buy a home in posh areas like Juhu, Colaba or Bandra, but the property rates in these areas may put a damper on your dreams. So, what if we told you that there is a Mumbai locality, known for the finest realty projects, offering world-class amenities at affordable prices. Yes, today, you can find the most premium flats for sale in Thane at extremely affordable rates.

Why Thane?

Sure, Thane had the reputation of being a smoke-emitting, pollution producing industrial city formerly. But that is a thing of the past. In the last decade or so, Thane has emerged as a hub for extra-ordinary, world class facilities in every imaginable sector. Whether it is the education industry or the health-care one, whether it is the shopping complexes or entertainment options, the development of Thane as a futuristic city is of epic proportions. Whether you choose to purchase flats in Thane West or East, you are making a worthwhile investment.

Thane is ideal even if you intend to buy a home for investment purposes

A huge number of buyers purchase a property for investment purposes. If you too are one among them, then you will find that Thane is ideal for investment as you can purchase comfortable and spacious homes that would attract all types of renters. You can in fact use the rent earned to pay off the EMI on the home. If you’re purchasing the property without any loans, the rent from the home can serve as additional income. If you are looking for a long-term investment options, then you could consider investing in under-construction residential projects in Thane. As they are under construction, the prices are bound to increase once the project is completed. This further works in favour of your investment, thus helping you get higher returns.

Thane is a great place to raise your family

Even if you intend to use the property for personal uses, Thane is a wonderful locality to consider. Thane is home to several reputed international and elite schools. Besides, several reputed training institutes from Mumbai have also opened branches in Thane. Other than this, Thane’s hospitals are known for their state-of-the-art facilities and are frequented by the finest doctors in the city, securing your health-care concerns for children and older parents.

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9May

What’s Trending in the Real Estate Market This Year?

These trends are sure to change the real estate market in the year 2017 and beyond. Global capital flow into the real estate market is on the rise and will increase consistently. India is in the fourth position in developing Asia for FDI inflows as per the world investment report 2016 by United Nation’s Conference on Trade and Development, and that is the highest levels of endorsement. Indian real estate has managed to attract $32 Billion in private equity till date.

The builders and developers are likely to change their business models completely – throughout the year 2016, the number of new constructions in Thane were much lower the units sold. Almost all the states were keen to see the launch of RERA, and now all of them will surely fall in line. The RERA happens to be a landmark law and will surely enforce the much-needed transparency and accountability on the part of the builders, and the home buyers will definitely benefit from it.

Not just RERA, there are other acts and bills passed that will directly impact the Real Estate sector. For instance the Goods and services tax(GST) and the Benaami Property Act. Residential demand os expected to pick up only towards the end of 2017. All of these new reforms are certain to affect the realty business of flats in Thane west.

The sun also seems to be rising on affordable housing finally! – Affordable housing in the country is finally set to get the much-needed infrastructure status. Until the year 2019, one crore houses are to be built in rural India and this vital sphere will also witness cheaper sources of finance that include the external and commercial borrowings. The housing loans too, are being remodelled by the national housing banks which can again give a lot of boost to the real estate sector. Much before the budget 2017-18, a new credit linked subsidy scheme was announced for the middle-income group with a provision of Rs 1000 crore in 2017-18. The tenure of the loan repayment was extended from 15 to 20 years under the Pradhan Mantri Awas Yojana and the budget that was allocated under the PMAy scheme also increased from Rs 15000 crore to Rs 23000 crore for rural areas.

The affordable housing had some qualifying criteria and these to were revised to 30 square meters and 60 square meters on the carpet instead of the saleable area in the four main metros and non- metros respectively. This actually tends the size of the affordable housing market, all throughout India.

With all these changes that are almost implemented and some of which are yet to be implemented, the sale of flats in Thane west is surely geared in for a revolution like never before. Now we have just to wait and watch on the repercussions of them all.

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5Dec

How to Give Your Home a Makeover

Every individual wants to decorate their house that they can call “home”. A lot of people prefer decorating their homes based on their personality or preferences. When talking about giving your home a makeover, you have to consider a lot of things. The list goes on from choosing the right paint, the right interiors, wall hangings, décor items and so on. No matter whether you own a 2 BHK or 3 BHK flats in Thane West, you should definitely consider these simple yet amazing makeover ideas from one room to another:

Living Room

When talking about designing and decorating a home, the living room is probably the first place people tend to notice. The living room is used for end number of purposes, one being to entertain your guests. If you want to give a makeover to your living room, then you should definitely consider changing the carpets and rugs. It actually gives a whole new dimension to the room. Apart from this, you can even consider themes. However, ensure the furniture matches with the theme. Another way to enliven your living room is by having dry or fresh flowers. If you have a small living room, you should go for space saving furniture or the ones that make it look larger.


Dining Area

Another room that should not miss your attention when giving your home a makeover is dining area. You can get rid of all the clutter by having sideboard to store all the cutlery or crockery. You can also save some space by having open shelving. Apart from helping to save space, it also makes your dining area look beautiful. To beautify it, you can place a flower vase on the dining table.

Bedroom

This is one place where you get to be yourself. After a tiring day at work, what can be better than placing your bed on a soft bed and a room that is full of décor? Colour coordinated drapes work well bedrooms that have high windows. You can change the colour of the mattress according to the size of the mattress. You can choose from ethnic bed covers, quilts, and pillow covers. You can give a great effect to your bedroom by choosing a lampshade or book-shelf.

Kitchen

Your kitchen is another room where the whole family gathers for having meals, to discuss, gossip and more. You can give your kitchen the makeover it deserves by adding plate racks, cabinet and more. You can even brighten up the kitchen area by choosing right lighting solutions.

Well, these are some of the tips you can consider when planning to give a makeover to your already beautiful house. If you are planning to buy a new house through real estate companies, do keep these makeover tips and follow them to give your newly purchased house the makeover it deserves.

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