24Apr

Planning to Invest in Under-Construction Projects – Consider These 4 Tips!

Every individual has a vision of what his dream home should look like. The number of rooms, the area per square feet, the locality, and the amenities available in the locality are a few of the obvious concerns when one sets out to purchase a home. That property investment is a life-long investment is a known fact. It is therefore essential to do a thorough research about the real estate agency from whom you choose to purchase your property. Many of us refrain from buying ready-to-move-in flats because there is little scope to make any changes or have some customizations done as per our requirement. Perhaps, this is why more and more people in Mumbai prefer to invest in under construction projects in Thane.

Irrespective of this, it does not matter whether you want to invest in a ready-to-move-in apartment or under construction property; here are some traps a lot of buyers tend to turn a deaf ear to.

1.    It is of paramount importance to get everything in writing when you are buying a flat. As a potential homeowner, ensure you do not make the mistake of signing on everything without reading it. Ensure everything is agreed and negotiated before you sign on the dotted lines. If you are planning to invest in an under-construction property, then talk with the builder to understand timelines regarding project completion, possession period, repercussions in case of inability by the realtor to honour the commitments etc. Ask as many questions you can, but, ensure the answers are in a written format.

2.    The property or apartment will be purchased from a builder, and hence it is important ensure that the builder has clear records. For the same, you might want to ask around, get in touch with the builder’s former clients, know if the project was delivered on time, and so on. In short, ensure the builder you plan to consider for new projects in Thane or any other city, is trustworthy. Builders like T Bhimjyani Realty, Piramal Realty, Lodha Group etc., are reputed names in the real estate industry.

3.    As a potential homebuyer, it is important you ask for the commencement certificate of the floor. This certificate plays a pivotal role in case the construction is not done on time. Say for example, if the apartment you booked for is on the 10th floor, but the construction is completed only till 5th floor, then asking for this certificate proves beneficial.

4.    Another vital aspect that cannot be neglected when investing in new residential projects in Thane and around is asking for the construction’s project drawing copy. This majorly includes duly stamped documents by the authorities, floor plan and so on. Apart from this, also check if the builder has the ownership of the land where the construction is going to take place.

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31Mar

What You Need to Know Before Investing in New Construction Projects

When it comes to buying a home, there are a lot of deliberations and decisions that one needs to make. First it begins with selecting the locality. Then you have to understand if there is scope for the locality to evolve in the future for your investment to prove profitable. If you are lucky enough to find a locality of your choice, you must decide whether you would prefer a ready-to-move-in apartment or one that is under-construction. If you’re planning to buy a home in Mumbai, it is advisable to opt for any of the under construction projects in Thane as they come with a host of lucrative benefits. Here are some aspects you should take under consideration to facilitate purchasing such properties.

Under construction homes tend to sell quickly

Several potential home-owners prefer to invest in an under construction project because there are many benefits of entering the real estate market before the project is completed. One of the major reasons is that these properties are affordable as compared to ready-to-move-in apartments. Besides, they work for the benefit of buyers who have no intention of moving in too quickly. In order to attract potential buyers, a builder or company will build either a model home or a sample flat and review the floor plans. This gives a clear idea to the buyer of what the home would look like.

Buyers get to choose the apartment of their choice

When it comes to a ready-to-move-in flat, you generally have a limited number of options such as the floor or the facing of the apartment. Sometimes you have to make a few compromises with a ready-to-move-in apartment, where you may not be able to dictate the terms of your requirement to the ex-owner. But with under-construction projects, if you enter the market early on, you can choose your floor, the apartment facade, and can even dictate terms for how you’d like your house modelled. Under construction projects in Thane are customizable if the builder has not yet begun work on your apartment.

Early buyers get apartments at best rates

You will find a lot of dealers and companies tend to have this policy of “first come first serve”. So, if you fall into this category, you stand to get an apartment at lowest rates possible. An early investor can get a variety of discounts or reduced rates per square foot and so on. Some builders also provide early-bird investors with a few free items like DTH providers, geysers, club house memberships and other necessary amenities. You can grab this amazing opportunity when it comes to buying new residential projects in Thane. As the rates are much more affordable when a project is just commencing, you can make the most of the opportunities at hand.

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24Dec

New Construction Projects – 3 Things Home Buyer Needs to Know About

As a buyer, you are bound to get confused when it comes to buying a house. There are a number of factors that need to be considered. While you are searching for an apartment, you have two options to choose from – you can choose a ready-to-move-in property or one that is under construction. As a home buyer, you need to be really careful when making a purchase. After all, it is a long-term investment and should be done with care. With the ever-increasing under construction projects in Thane, it has become easier for buyers to make a purchase.

However, before you make a purchase, you are bound to wonder whether investing in an under-construction property is a good option. Here are some factors worth considering.

Under construction homes tend to get sold quickly

Not many know this, but a builder already has both, the sales process, and the construction mapped out. In short, it means the builders or real estate companies try selling the houses or apartment as quickly as possible. In fact, a lot of buyers prefer investing in under construction or new projects in Thane and around, for they are affordable. Besides, they work for the benefit of individuals who do not plan to move-in anytime soon. To attract potential buyers, a builder will build a model or sample flat and review the floor plans, fixtures and finishes so that buyers can get an idea of what their new home would look like.

Early buyers get apartments at best rates

You will find many real estate companies that want to get some homes under contract. In fact, announcing the same to potential buyers ensures it as desirable to future homebuyers. As the flats are just ready, real estate companies tend to offer them at best rates. You can grab this opportunity if you are buying new residential projects in Thane for investment purposes. As the rates are affordable, you can make the most with the new or under residential construction projects.

Buyers get to choose the apartment of their choice

A lot of buyers have to settle for apartments that are available. However, it is the not the same with new or under construction projects. As it is an under-construction property you can choose the floor and the apartment of your choice and have it finalized in your legal deed. However, ensure the apartment you have chosen is not already booked. As a buyer, do not forget to inspect the whole construction site before making the purchase.

These are some of the vital things every home buyer needs to know about if you wish to invest in under construction projects in Thane or around.

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11Dec

Some Amazing Ideas to Decorate and Design Your Balcony

A balcony is one place where you enjoy the morning sunrise, and soak in the cool breeze while sipping on your hot cup of tea. It is the perfect place where you can sit and exchange a few laughs with your family while enjoying the spoils of nature. Homes with balconies are usually spacious too and if you’re looking for a home that meets these specifications, you should consider purchasing a home in Thane. A 3 BHK in Thane or around will offer you a balcony with the most beautiful view. You can also decorate and design your balcony the way you want, to give it a homely ambience. Here are some décor tips you can consider to transform your balcony into something amazing:

How about having a wrought-iron table?

You can ditch the wooden tables and consider getting a wrought-iron table instead. Furthermore, you can paint the table in the colour you want, based on the style of your balcony. Do not forget to complete the look by having folding chairs, which can be moved as and when required. Do not keep the table empty, instead decorate it with a flower pot or just stack some magazines or books. These work great during your tea time.

Add planters to balcony railings

Adding planters on the balcony is a great way of having some soothing greenery in your home. If you have too many things on your balcony and lack the space for plants, you can consider attaching planters to the balcony railings. Apart from this, planters also help in adding a natural element to the outdoor space. You can make use of the same to have herbs and spices grown in the garden.

Incorporate what you love

Your home should reflect your personality and what can be better than incorporating things that you love in your balcony. No matter whether you own a 1, 2 or 3 BHK flat in Thane, ensure you integrate something that you love. Say, for example, if you are a bookworm, then you can consider having a coffee table or even a bookshelf with a comfortable armchair on the balcony.

Consider hanging up a hammock

What can be better than enjoying the natural beauty of Thane from your 3 BHK in Thane by hanging a hammock while you enjoy some good conversations with your loved ones? The hammock can make your balcony, a sacred escape space within your home, where you can relax. If you have a small balcony, then a sea-urchin hammock is perfect for you.

Make use of rugs, comforters, and throws

Apart from hanging hammocks, you can even consider creating a comfortable sitting area by having pillows, throws, cushions and blankets. This serves as the perfect spot when you have friends over.

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18Sep

4 Tips for Safe Investment on Under Construction Projects

Buying a home is quite a lengthy process. It requires a lot of research, consideration of budget, amenities and more. In short, it is a big step and requires a lot of preparation. When talking about buying a house, a lot of homebuyers tend to get confused between ready-to-move-in the house or under construction. Both of them offers pros and cons. Well, it is under construction properties that attract a lot of homebuyers for end number of reasons. However, you should also know that it is quite a risky affair for there might be a delay in possession and more.

Considering this factor, here are some aspects you need to keep in mind when planning to invest in under construction projects in Thane and around:

1. Bank Approval

When it comes to buying a house, a lot of buyers tend to rely on home loans for the purchase. In such a case, it is of paramount importance to know the project has received approval from the bank. This further makes the whole process of availing and applying for loans easy and hassle-free.

2. Check the Legal Status

You cannot just rely on the under or new construction in Thane and around just because it is reputable. As a potential homebuyer, it is your duty to do a complete background check as far as the legal status of the property is concerned. You can ask the builder for the legal status of the construction, just to be sure. Ensure the ownership of the property. Apart from this, also ask for the legal report on the construction to ensure it is on paper.

3. Payment of Booking Amount

This is one aspect you should not neglect on. Now that you have paid the booking amount ensure you ask for the receipt. There is every possibility the developer is fraud and to avoid misuse of your money, ask for a receipt. Do not forget to ask for an allotment letter which has all the details about the property and the money.

4. Get the Possession Letter

Always remember that the purchased house is not yours unless you get the possession letter. Once the construction of the property is completed, you are advised to ask for a possession letter from the constructor or real estate company.

All these aspects are well taken care of by reliable and reputable real estate companies offering new residential projects in Thane and around. Besides, ask your builder for building plan, commencement certificate, layout duly approved by the authority, development and sale agreement and so on.

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31Aug

What to Know Before Investing in Under Construction Projects

You will find a lot of homebuying advice is often aimed at people planning to buy a ready-to-move-in apartment. However, what if the buyer wants to invest in an under-construction house or property? How will you know whether the house you are buying meets your needs and preferences? Buying an under-construction house definitely, offers a number of amazing options. It majorly includes flooring options, floor plan, how you want the cabinets in the kitchen to be and so on. However, it also calls for some additional challenges, including knowing how reputable and reliable your builder is. Before you finalise on the new construction in Thane or around, it is wise you do your study on the complex.

Here are some of the major aspects a buyer needs to do when investing or buying an under-construction property:

Check the Builder

The first step towards investing in an under-construction or upcoming apartment or property is knowing how reputable the builder is. Ensure the builder or company you are hiring is in this business for years. To ensure you are hiring a reputable company, read some reviews posted online, or ask around for some feedback. Talking with former clients is a great way to get all the details needed to make an informed decision.

Understand Your Floor Plan

For a person who is buying a house for the first time, it is of paramount importance to understand the floor plan which majorly consists of room sizes. If you are new in this, then do carry a measuring tape. A lot of real estate companies now offer the option of virtual reality technology for under construction projects in Thane and around. This lets you understand and see what will be built.

Get A Home Inspection

A lot of homebuyers often make the mistake of not doing a home inspection before finalising a deal. If you think your new house does not need inspection, then you are wrong. It is wise to get an independent inspection done before you close the deal. A professional home inspector can easily identify the problems, whether minor or major before a builder’s warranty expires.

Choose Square Footage Over Upgrades

Another major aspect one needs to consider when investing in an under construction and new projects in Thane and around is to think about how you plan to spend your limited budget. Say, for example, if you have to choose between the fourth bedroom and granite countertops, you are advised to go for an extra bedroom. The reason for the same is because adding an extra bedroom can get expensive later on. In short, go for square footage over upgrades.

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