26Nov

Thane Real Estate Market: An overview

Every individual wants to own an apartment in Mumbai. However, the increasing rates of the properties only make it difficult. This is where Thane comes into the picture. Thane is slowly emerging out to be a major residential location, all thanks to several new projects in Thane. This has further risen the investment opportunities for the potential homebuyers and investors.

Thane needs no introduction for it has established itself with apartments at affordable rates possible. Besides. Thane is also a major commercial location. It is home to some of the top companies thus making it easier for the locals. Being a well-known suburban district of Mumbai, Thane is closely location of Kalyan, Navi Mumbai, Bhiwandi, Badlapur and so on. It is a beautiful city in itself. Thane has over the years witnessed a great development as far as real estate is concerned. Widely divided into Western and Eastern halves, Thane serves as a perfect platform for potential investors and homebuyers looking for affordable homes.

Taking advantage of this situation are the builders and developers who offer reasonably priced new residential projects in Thane. With the increasing number of new residential projects, it becomes quite easier for homebuyers to find the right apartment. Though reasonably priced, the apartments offered to come with state-of-the-art and modern amenities. In all, it is a win-win situation for buyers can make the most of the new construction in Thane. Even if you do not wish to shift your base to Thane, you can invest in its properties. You should know, keeping in mind the increasing popularity, the real estate rates are bound to increase than come down.

If you as a buyer looking for advantages to invest in Thane, then you should know, it has amazing connectivity solutions. Located close to the Eastern Highway, it promises smooth connectivity. Besides, there are also a number of other roads such as Mulund-Bridge road, Mumbai Highway and Saket Kalwa Road that lies close to it. Besides, there are BEST buses to solve your transport problems.

Apart from this, Thane is home to some of the top schools, entertainment and shopping centres. All these aspects are what every buyer tends to look into before investing in any location. Besides, there are new and under construction projects in Thane coming up, which also makes finding the right apartment easy and hassle-free.

Make the most of this situation by getting in touch with a reputable developer to find the right apartment that meets your needs.

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16Nov

NRI Property Investment – Can They Invest in Immovable Property In India?

Everyone is quite aware of who an NRI is. As far as property purchase is concerned, a Non-Resident Indians or NRI can purchase a property or house back in India. An NRI can purchase any type of property in India. An NRI can buy or receive an immovable property as a gift without the permission from the Reserve Bank of India or RBI. As far as purchasing an immovable property is concerned, the funds can be easily forwarded out of India, subject to foreign exchange.

NRI property investment requires a lot of planning and thinking. The real estate market has always proved to be lucrative as far as investment is concerned. It offers opportunities for investors to explore the real estate market that offers high returns. Both residents of India and Non-Resident Indian can invest in the immovable property.

Purchase and Inheritance of the Immovable Property

Generally, both the Person of Indian Origin (PIO) and Non-Resident Indian (NRI), are allowed to receive by way of gift or buy any immovable property in India. Besides, it is not necessary to seek permission from the Reserve Bank of India or RBI for the same. However, it is vital to seek permission from the RBI if an NRI wishes to purchase an agricultural land, farm house or any plantation property. Furthermore, both the PIO and NRI are allowed to inherit the any of the immovable property including an agricultural land and so on. Besides, you should also know that there is no restriction on the number of properties an NRI or PIO can invest or purchase.

As far as the payment is concerned, it is important to have been received in India through traditional banking channels through inward payment from any place outside India. Or the funds that are held in Non-Residential External (NRE) account, Non-Resident Ordinary (NRO) account or Foreign Currency Non-Resident (FCNR) account maintained in India.

Transfer of Immovable Property

As far as NRI investment in real estate is concerned, an NRI can transfer any of the immovable property by way of gift or sale to the residents of India or NRIs. However, if an NRI owns an agricultural land or farm house, then the same should be transferred to people of Indian origin alone.

To conclude, NRIs can acquire immovable property in India through inheritance from an individual who is a resident of India. Furthermore, the same can be transferred only with prior permission from the RBI. Go through the NRI corner if you have any queries.

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9Nov

4 Tips to Design at Entertainment Room in 3 BHK Apartment

Every apartment tends to have a room dedicated to entertainment alone. You can say, it is a perfect place to relax and unwind. Home entertainment has come a long way than just watching television. Individuals prefer using different entertainment options. This has further given rise to have a different room for entertainment alone. Though the whole concept of entertainment room is new, it is gaining a lot of popularity among the homeowners. If you own a 3 BHK in Thane or around, you can see actually an entertainment room easily.

Here are some tips that will help you in creating one:

Choose the Right Equipment

The first step towards creating an entertainment room is choosing the right equipment. You should know, an entertainment room can have a media server, internet connection, television and state-of-the-art sound systems. This equipment helps you have a great movie experience. When talking about placing this equipment ensure they are placed at a right height which is around 10 ft. For better viewing, you can have the rear seats a little higher. To get a complete theatre experience, have seats with popcorn and cup holders.

Right and Relaxing Environment

In order to save some space in the entertainment room of your 3 BHK flat in Thane and around, you can have a media server. The same can be used to store all of the movies together. This further eliminates the problem of storing thousands of DVDs. Besides, the media server can be accessed from any room. You can enhance the environment of your entertainment room by having a home automation system, that takes care of air-conditioning, lighting and so on.

Right Colour and Lights

For a perfect theatre-like experience, it is important for the entertainment room to be in warm and dark colours. As far as lighting is concerned, opt for lights that offer the effect of stars in the night sky. Recessed lights that can be easily turned off and dimmed make perfect lighting solutions for the entertainment room. You can also have mood lighting that can be further synchronised with the music of your choice. You can decorate the room the way you like.

Seating and Furniture

For people having 3.5 BHK flats in Thane and around, can dedicate a whole room for this purpose. If you have a lot of space, then you can consider having theatre-like seating. You can also opt for comfortable recliners. Ensure you do not cramp your entertainment room with heavy furniture. It should be able to accommodate the home theatre equipment while having comfortable seating options.

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1Nov

Smart Storage Solutions for your 2.5 BHK apartment

Space is one of the major concern of every homebuyer. A lot of buyers prefer investing in an apartment that is spacious. Have you ever faced the issue of a space crunch in your apartment? Do you feel there is not enough space in your house to store additional things? Well, fret not! If your answers to these questions are affirmative, then here are some storage solutions you can consider for your 2.5 BHK in Thane and around. These solutions work towards helping you keep all your things organised while saving a great deal of space.

Open-Storage Rack for Kitchen

You can always invest in a metal frame open-storage rack for your kitchen if the cabinets are not enough to store your kitchen utensils. Besides, you can use the same to showcase your decorative kitchen items and utensils. Instead of an old plain old rack, you can add some knick-knacks here and there.

Use the Space Around Your Entertainment Box

To save some space in your 2 BHK apartment, you can consider using the space around your television. If you have a wall-mounted television, then you can use it as a focal point and build a cabinet around that will work as extra storage space. You can use this space to keep small showpieces or even indoor plants.

Bed Designs with Storage

A lot of homeowners of 2 BHK flats in Thane and around tend to suffer from space crunch in spite of it being a 2-bedroom apartment. For your bedroom, you can make use of all the empty space around the head of your bed. You can have cabinets or shelves to store your things. Show off your creative side in the same. You can use these cabinets or shelves to keep things such as photographs, paintings, books or anything you like. As far as storing extra blankets and bedspreads is concerned, you can opt for bed design with storage.

Cupboard Under the Stairs

Have you ever wondered about using the space under the stairs? Well, you can make the most of it by building cupboards. No matter whether you have 2 BHK or 2.5 BHK flats in Thane and around, use this space to build cupboards. In fact, it makes a fine storage solution. Opt for cabinets or shelves that can be used to store almost anything.

Opt Multi-Functional Furniture

Instead of invest in a table, a bed and a sofa separately, you can save money and space by investing in multi-functional furniture. Say, for example; you can opt for a wooden cabinet for the bedroom that can be used to place lamps or flower vases. You can also use the same to store photo frames, artwork and so on.

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31Oct

4 Tips to Invest in an Under-Construction Project

Buying your dream is not easy as your think it is. Various factors need your attention to make your purchase a great one. You definitely do not want to invest in a property only to later regret on. Buying or investing in any property requires your thorough investigation, from price, real estate market value, your budget, when do you plan to move-in, the neighbourhood and more. The list just goes on and on. While these aspects do play a major role, there is one aspect a lot of buyers are confused on – Whether to invest in under construction property or ready-to-move-in apartments. Well, the choice is completely yours. For people who are planning to invest in under construction projects in Thane and around, here are some tips that might prove fruitful.

No matter whether you plan to invest in an under-construction property or ready possession homes, it is important to be aware of certain traps that often gets neglected. An under-construction property definitely sounds an affordable bargain than ready possession homes. However, there are certain tips and traps you need to be aware of to ensure you make a wise decision:

•    It is the builder you will be purchasing for. Hence, it is important to ensure the builder has clean records. Check out for them for they will give you a brief idea on whether it is wise to invest in the under-construction property the builder is offering. Ensure the builder is trustworthy and has a good image in the market.

•    Ensure you get everything in writing. As a buyer ensure you do not sign anything until everything has been agreed upon, negotiated and written in the contract. If you have decided to invest in an under-construction property, ensure how your apartment will be finished, what will happen in case the construction does not happen on time, or if the deadline is not met and so on. While you ask these questions, ensure you take the answers in writing and is signed by the concerned parties.

•    When you are investing in new residential projects in Thane, and around, it is important that you as a buyer ask for a copy of the construction project’s drawing, floor plan, duly stamped by the authorities. Besides, do not forget to check whether the builder or the real estate company has the ownership of the land where the construction will take place.

•    As a buyer, you can ask for the commencement certificate of the floor, in case the construction is not completed to the floor you have booked your apartment in. For example, if you have booked your apartment on the 15th floor, but the construction is completed only till 10th floor, then you can ask for this certificate.

These are some effective tips that aim at helping you invest in right residential projects in Thane and around.

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25Oct

NRI Property Investment – Can an NRI Own or Purchase Indian Property

Under the guidelines of Reserve Bank of India or RBI, a Non-Resident Indian or NRI can purchase certain types of properties. However, form some type of realty, an NRI will require special permissions. A Non-Resident Indian who is interested in investing in the Indian real estate should be aware of the legal provisions that pertain to both purchasing and owning of immovable property under the Foreign Exchange Management Act (FEMA). NRI investment in real estate should be made keeping in mind a number of aspects.

Types of Properties an NRI or Persons of Indian Origin (PIOs) Can Invest In:

A general permission is given to the NRIs through a circular an NRI has a special by the Reserve Bank of India or RBI to purchase any commercial or residential property in India. For the same, an NRI need not send any communication or intimation or seek any special permission from the RBI. As far as existing general permissions are concerned, an NRI can purchase any number of commercial and residential properties back in India. Apart from this, an NRI is also allowed to own any number of commercial and residential properties under the Income tax laws. In case, an NRI is not able to make it to India, the documents for the purchase can be submitted by a person, who has a valid power of attorney. Under the Reserve Bank of India’s general permission, an NRI property investment cannot be made on plantation property or agricultural land in India. An NRI will have to seek special from, NRI if he/she wants to buy a plantation or farmhouse.

Continuance of Property Ownership, After an Individual Becomes an NRI

You are bound to wonder if the situation where a person who already owns properties in India and subsequently becomes an NRI. Well, in such a situation the person can continue holding the properties in his/her name in India. Besides, an NRI can even continue owing plantation property, farmhouse or agricultural land, that he/she earlier owned. Apart from this, the individual can even let out the property. However, the rent received from such properties can be sent only after appropriate Indian taxes have been paid.

Joint Ownership

Not many know, but an NRI can buy a property in India as a single owner or jointly, with other NRI. You should know, a resident Indian cannot become a joint holder who is not allowed to invest in the Indian property.

Similarly, an NRI is also allowed to gift or sell an immovable property to any person of Indian origin. Besides, a resident Indian can also transfer or gift the property, other than farmhouse, agricultural land or plantation property to a Non-Resident Indian.

Go through the NRI corner for more details.

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16Oct

Luxury Comes in the New Form Through 3 BHK!

There has been an increasing demand for 3 BHK as compared 2 BHK flats. One of the major reason for the same is because homebuyers prefer having an additional bedroom. Besides, people having bigger families prefer investing in a 3 BHK than two houses on the same floor. For it offers extra space and comfort. Homebuyers tend to consider investing in an apartment that is spacious, and hence there is a rise for 3 BHK flats in Thane and around.

Increasing Buying Power of a Homebuyer

Thane has grown to be a major residential location. You will find this metropolitan city has witnessed a great increase in the number of upcoming residential properties. Well, various reasons tell why Thane has grown to be a major residential location. One of the major reason is that of the affordable rates of the apartments. The rates are quite affordable as compared to other locations. Besides, Thane also serves as a major commercial hub. You will find this city is home to a number of major and top companies. With plenty of employment and affordable apartment rates, all this sums up Thane as a perfect residential location.

No Much Difference in the Price

You might think investing in a 3 BHK flat in Thane and around is much reasonable than a 2 BHK flat. There is not much difference as far as price is concerned. Say, for example, if 2 BHK is offered at 75 lacs, then a 3 BHK is easily available at 85 lacs. So, there is the marginal difference, and hence many homebuyers prefer investing in a 3 BHK. After all, they stand to get an additional bedroom and a spacious apartment. While this serves as a perfect sign for attracting homebuyers, many builders tend to offer 3 BHK apartments by keeping a marginal cost difference.

3 BHK – Luxurious and Spacious

Another major reason why buyers prefer 3 BHK over 2 BHK apartments is that they are spacious and luxurious. It works to the benefit of homeowners in case you have guests over. You no longer have to sleep in the hall or living room, due to space issue. Investing in a 3 BHK apartment is a win-win situation you can say. It is affordable, spacious and luxurious. Besides, it offers room for creativity as far interior designing is concerned. You can remodel or design your bedroom the way you want.

These are some reasons that state the increasing popularity of 3 or 3.5 BHK apartments in Thane and around. Make a wise purchase.

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8Oct

Aspects That Impact the Home Loan You Are Entitled to

Homebuyers tend to rely on a home loan to buy their dream home. However, you should know there are a number of factors that impact on how much of loan you are entitled to. Definitely, it is the income of the applicant that plays a major role in determining the amount of home loan one will get. However, there are various other factors too that play a major role. Apart from checking the eligibility of the applicant for the home loan, lenders also have to certain criteria to determine the home loan that can be granted to the applicant. So, no matter whether you want to buy 2 BHK or 2.5 BHK flats in Thane, know these aspects that impact how much of home loan you are entitled to:

Income

Undoubtedly, it is the income of the applicant that determines the home loan you are entitled to. Generally, lenders tend to consider 40 percent to 50 percent of the monthly income for servicing the home loan. The income proportion for loan servicing tends to increase the income of the applicant rises. So, for a person who has higher income slab, the lender is bound to consider a higher percentage of the monthly income.

Age and Remaining Years of Service

Home loans are offered for tenures up to 20 years. Not many know, but your age and the remaining years of service also restrict the loan amount. Your loan eligibility will reduce if you are more than 40 years of age, and has less than 20 years of remaining years of service. For a salaried person, the retirement age of 60 is considered, while for self-employed it is 65 years.

Any Existing Loan

Another major aspect that you need to keep in mind before applying for the home loan for your 2 BHK in Thane or around is knowing you have an existing home loan. The lender will subtract your existing loan’s EMI while computing your eligibility. Furthermore, your home loan eligibility will be based on the amount reduced. In order to enhance your loan eligibility, you are advised to repay the outstanding loan, if the amount is small.

Availability of Co-Borrowers

Not many know, but the loan amount will increase if you have a co-borrower. In this, the income of all the co-borrowers is pooled in, which further determines the amount available for EMI payment. Ensure all the joint owners are included as co-borrowers, no matter they have a separate income. A co-borrower can also be a person who is not a co-owner of the property.

These are some aspects that impact the home loan you will get for your dream home.

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1Oct

Thane Emerging as A Major Residential Location

Thane has definitely grown to be a major residential location. You will find a lot of people considered it to be a lucrative property investment destination. Thane is definitely scoring over the other parts of the Mumbai Metropolitan Region or MMR. It is one of the most sought after location among the potential homebuyers. Thane is considered by people who are looking for affordably priced apartments. If you are planning to invest in Thane property, then consider hiring help from top real estate companies.

These companies work towards helping you find a right property or apartment based on your needs and requirements. There are a number of benefits offered by Thane for potential homebuyers. There are different and various factors that help Thane to be a major residential location among the others. The strategic location of this city, rapid infrastructure development, realistic property rates, availability of the land for housing and more. These are some factors that have led to the popularity of Thane as a major residential location. In fact, these are some aspects that attract potential home buyers.

A lot of real estate companies in Mumbai understand this aspect and offers upcoming and new residential projects. The residential market of Thane has evolved effectively as compared to what it was a few years back. This has also led to many people shifting their base to Thane. After all, Thane offers homes and apartments that are reasonably priced with all the modern amenities, open spaces and not to forget greenery. Not many know, but as compared to Mumbai, buyers stand to get bigger and spacious homes with modern amenities in Thane. It also works in favour of investors for they can earn better returns. The proposed Thane metro has also led to increase in demand for its real estate market.

Another main reason for the growing popularity of residential real estate market of Thane is the rise in the information technology companies. These IT companies have shifted their offices to this beautiful city, Thane, which in turn has made it into a major tech and service hub.

Some Prominent Real Estate Companies in Thane

Taking advantage of growing popularity of Thane as a residential area are top real estate companies. A number of well-known developers Kalpatru Group, T Bhimjyani Realty Private Limited, Puranik Builders and more have started their residential projects in this budding city. These companies offer apartments keeping in mind the needs of its buyers.

So, if you are planning to invest in a property, consider Thane!

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25Sep

3 Reasons Why One Should Hire a Real Estate Company

Now that you have decided to purchase your first house, what are the major aspects you have considered? Well, it definitely has to be location, the facilities and most importantly the budget. You have a long way to go before you finalise on the house or property you like. For a person who is buying a house for the first time, it is important to seek an expert. This is where the importance of getting in touch with reliable real estate companies comes into the picture. With years of experience, these companies can help in shortlisting the properties according to the buyer’s needs and preferences.

Here are some reasons why hiring a real estate company a good option when buying a house:

Better Access

A real estate company aims at offering the complete list of the available properties in the area you are looking for. If you plan to do all the searching by yourself, then you are bound to lose out on some great opportunities. You should know, the real estate market is quite tricky, and no one can understand it better than a real estate company. The team of agents are there to guide and help through the whole process. In short, you have easy and complete access to all the properties listed by the company. Say, for example, if you are looking for a house in Thane, then a reputable real estate company in Thane will help in tracking down the house that best meets your criteria. Well, the same does not happen when you plan to do this job all by yourself.

Has Local Real Estate Market Knowledge

As a buyer, you should know, the real estate market is different from town to town and even neighbourhood. Having a thorough understanding of the local market when buying a house is of paramount importance. However, a company will take care of this aspect as they are well versed with the local real estate market. Besides, the experts keep themselves updated of the real estate market price thus ensuring you get the best deal.

Availability of Both Ready-To-Move-In and Under Construction Properties

Apart from helping a buyer, real estate companies have easy availability of both under construction as well as ready-to-move-in apartments. You can choose the one that best meets your needs and requirements. If you are planning to move immediately, then you can opt for ready-to-move-in apartments. If you are in a hurry, then how about investing in under construction properties.

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