15Jul

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.

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12Jun

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.

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30May

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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2May

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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8Feb

Real Estate Companies – All You Need to Know

The real estate market is a tricky business and having good knowledge about it is absolutely essential if you’re looking to invest in it. Whether you wish to invest in a property or purchase one, you must keep track of market conditions and base your decision, keeping some important factors in mind such as the amenities in the locality, its future and more importantly the reputation of the real estate company from whom you’re making the purchase. If you get confused in selecting properties, you can always rely on expert help, if needed. Only an expert can guide you through things like statistics, market value and other crucial factors. If you’re considering purchasing a property in Mumbai’s reputed Thane area, you can get in touch with a reputable real estate company in Thane to make a wise choice.

The market is flooded with a number of real estate companies all claiming to offer the best properties at reasonable rates. However, only few will show you the real face of the Indian real estate market.

T Bhimjyani Realty

T Bhimjyani Realty is one of the most sought-after real estate companies, to come up with some state-of-the art projects, dominating the Thane residential scene. This real estate agency, satisfying customers since 1978, has earned the reputation of fulfilling client requirements, honouring time-bound commitments and offering a great customer service experience. A real estate giant, T Bhimjyani, is also known for its reasonable rates and world-class amenities, making it a favourite of the Thane residents. The Neelkanth Woods project in Thane by T Bhimjiani stands in testimony of their masterful craftsmanship, professionalism and desire to give residents a comfortable home.

Lodha Group

Lodha Group is another real-estate agency that has made its mark in the real estate industry in Thane. They follow a simple vision – ‘Building a Better Life’. Lodha Group is a prestigious real estate agency that has constructed some of the most ambitions residential and commercial projects, validating their reputation in Mumbai. This real estate agency has also constructed projects in cities like Lonavala, Hyderabad, and even in London. The projects offered by them are great in every aspect, be it in terms of floor plan, amenities or location.

Kanakia Group

Kanakia Group is also regarded as a premier real estate company in Thane. Formally known as Kanakia Spaces Realty Pvt. Ltd, the company has been in the real estate business for over 30 years, building millions of square feet of commercial, residential and educational spaces. The USP of the company is their foreign-inspired homes that have found a lot of buyers.

Other prominent real estate agencies, who have built sky-high buildings in the Mumbai skyline, and are now making a mark in Thane include Piramal Realty, Godrej Properties and Hiranandani constructions.

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8Sep

Planning to Buy a Home? Know the Ins and Outs!

There is no such place as home. It is comfortable and relaxing. In short, it is your heaven after a tiring day at work. Nothing beats the love and comfort one gets when in their own house. It is a place you call own. Every individual wants their dream home to be perfect in every way possible. You might have decided to buy your first dream home. While you are all in a hurry to make a purchase, timing and patience are two essential elements. No matter whether you plan to purchase 2 BHK or 3 BHK flat in Thane, ensure you have all these aspects in place. For first-time homebuyers, here are some tips that make the whole experience a hassle-free and smooth:

Documents Are Vital

When you are buying a house, having necessary documents is vital. It makes the whole buying process easy. It majorly includes sale deed, latest tax paid receipt, electricity bill, bank statements and so on. Besides, you are also advised to check the title deed of the land. Besides, confirm whether the builder has the complete right to it. For people, who are buying resale properties, ensure you ask for previous property tax receipts. This ensures, there are no pending bills. Apart from this, also ensure you check the layout of the building for a complete understanding.

Cheap Does Not Equate to Good

Price is one of the major deciding factors for many first-time homebuyers. Well, this is one major mistake and should be avoided at any cost. You may think buying a house or apartment in an area which is far away for it is offered at an affordable cost will do you good. However, it does not necessarily mean quality too. Well, it does come with some cons too, long commutes to the working area, shopping areas, school, healthcare institutions and so on. A 3.5 BHK in Thane offered by a number of developers understand these factors are often considered by homebuyers and offer apartments incorporated with these facilities. They believe in constructing a building in an area which is close to these basic amenities.

Do Not Forget the Credit Score

Your credit score matters when it comes to purchasing your dream home. A person having credit score 750 and above is considered to be excellent. This helps in getting loans quickly, in case you want to. When applying for a home loan, do a thorough research on every bank and opt for the one that offers a low rate of interest. Always remember that credit score does matter when applying for a home loan. The better your credit score, more are your chances of getting the desired loan.

Happy home hunting!

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17Jul

Know the Impact of GST On the Maintenance Charges

With Goods and Services Tax or GST rolled on, there are a number of factors homeowners need to be aware of. As a homeowner, you are bound to wonder what will be the impact of GST will be on the monthly maintenance charges paid by them. To help you in the same, mentioned are some aspects that tell when and what components GST will be applicable.

When Is Goods and Services Tax Applicable On The Maintenance Charges?

As a homeowner, you definitely know that earlier, maintenance charges were subject to the levy of the service tax if the total of maintenance charges charged by the housing society exceeds Rs. 10 lacs in a financial year. However, under GST, the same has been increased to Rs. 20 lacs. For the same, the housing society is required to collect the GST from the homeowners. The housing society will have to get a registration under the GST for the same. However, as a member of the society, you should know, GST cannot be levied if the maintenance charges do not exceed Rs. 5000 per month, even if the registration is obtained.

There is no need to be registered under the GST if the aggregate of the charges levied does not exceed Rs. 20 lacs. Therefore, GST need not be levied on the maintenance charges. For flats of different sizes in the society, there is every possibility for a smaller flat to get a monthly bill less than Rs. 5000 and hence it is the levy of GST. However, the other homeowners of larger flats will still have to pay the GST.

GST Is Levied on What Components?

You should know, the housing society cannot collect GST on all the components. It will not recover GST for the homeowners in case of reimbursement of the expenses that are incurred by the society and is recovered from the members. This further includes different taxes that are paid by the housing society on behalf of the members. This majorly includes property tax, municipal tax, non-agricultural land tax, water bill and more. A number of housing projects like Neelkanth Woods do keep these aspects in mind to ensure the home owners do not face any problem.

Rate of GST

The housing society will levy GST at 18% on the maintenance charges that are recovered from the members. However, the society can benefit from the input credit for the GST paid on different supplies like payment of audit fees, security services and more. Though the society can benefit from the input credit for these items, it cannot reduce the GST rate. In case, the society is registered under GST; it is important to pay the GST under the reverse charge mechanism.

Do know these aspects before you pay the maintenance charges.

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