flats for sale in thane Archives - Blog - Real Estate News, Trends & Insights

28Nov

The Many Advantages of Investing in Thane’s Real Estate

Thane’s real estate has been booming for over a decade now. It has become one of Mumbai’s poshest neighbourhoods. With the constant development this vicinity has been receiving in the last few years, Thane has also been attracting the attention of the affluent of Mumbai, who previously remained loyal to purchasing properties in the posh Mumbai localities of South Mumbai, Bandra and Juhu. Yes, the Thane real estate market has become hot property and flats for sale in Thane are selling out like hot cakes. If you are deliberating a real-estate investment, here’s why you should consider Thane:

Residential complexes meant for the Indian joint family: Most Indians tend to live in joint families. However, with property-rates touching the sky, owning 2 or 3 BHK homes in Mumbai is rather difficult. The residential projects in Thane such as T Bhimjyani’s Neelkanth Woods Olivia are specially developed so that the traditional Indian joint family can live together, comfortably under one roof.

Efficient public transportation: It is important to have a good public transportation system; whether you wish to travel within the city or out of it. Thane Railway station is a major junction for trains arriving from and departing to different parts of the country. It is also a starting and terminating station for local travel, whereas there are innumerable options for local bus transportation too. Add to that, the construction of the Thane Metro has also resulted in the popularity of flats for sale in Thane, in that many investors are deeming it a worthy investment.

Health care facilities: Having good health-care in your vicinity is of primary importance and Thane has become home to some of the finest institutions for health care within the country. What is more, there is a good mix of private and public hospitals to fit every budget. With hospitals like Hiranandani hospital, Jupiter hospital, Bethany hospital and Horizon hospital, Thane is well-covered in the heath-care department.

Educational centres: Just as it is important to have good health care facilities, it is also important to have good educational centres; be it pre-schools, middle, secondary and high school or colleges. There is also a good mix of public and private schools in Thane like convents and international schools. Most colleges in Thane are affiliated to the reputed Mumbai University.

Affordable for every budget: The beauty of real estate investment in Thane is that you can find a home to fit every budget. You can choose from 1, 2, 2.5, 3 and 3.5 BHK flats form popular builders like Neelkanth Group, Lodha Group, Godrej Properties, Piramal Group and so on. Most of the companies in Thane’s real-estate business are reputed companies with years of experience.

Easy rental income: Even if you choose not to live in Thane, you can purchase a home in a residential project from any of the builders e.g. Neelkanth Realty and turn that house into an investment by putting it up for rent. You can expect to earn good rental income from your Thane property.

27Sep

By userIn new residential projects in Thane

5 Things To Check Before Buying A Property

Investing in a property is a big decision. It takes a lot of research and a lot of money. A buyer must ensure he does his research thoroughly before he signs the property contract. If he has reservations or preferences about something, he must communicate it with the builder and get it incorporated in his contract. Let’s say, for example that you are looking at flats for sale in Thane, with the hope of purchasing one. Here are a few things you should check before you purchase it.

Check the approval and licenses: After finalizing the property you must check if the builder has all his paperwork in place including the work commencement certificate, approved building plans, environmental clearance etc. Also ensure you ask for the land title status and see if the land has been bought by the builder or if they have only the developmental right. Say you are investing in some residential projects in Thane; you must check documents such as

• Title deed
• Release certificate
• Encumbrance certificate
• Certificates verifying land use
• Approvals by local body
• Property tax receipts

Check the banks financing the project: Since purchasing a home is an expensive business, builders are typically tied up with many banks. E.g. in Thane, there are renowned builders like Neelkanth Group by T Bhimjyani Realty, Godrej Constructions, Piramal Group, Lodha Group etc. Most builders can guide you with your bank loan. You can choose a bank that offers the lowest interest rates and matches your EMI budget.

Check the plans for infrastructure: Choosing a locality which has good infrastructure and civic amenities and other futuristic planning options is a safe bet as they can tremendously boost your return on investment. A locality with good schools, hospitals, shopping complexes and entertainment centres is ideal.

Verify the builder: It is very important to research the track record of the builder. You must check if the piece of land on which your apartment is being built is or is not under litigation. You can get a good idea about the builders’ reputation based upon their past and current projects. You could also post queries on various online forums about real estate to get an estimate of the builder from former clients. If you are buying a home in Thane you can trust builders like Neelkanth Realty, Godrej Constructions, Rustomjee Builders etc.

Consider the apartment size: Before you set out to purchase a flat, understand your requirement based upon your family size, future plans, locality and so on. It makes more sense to finalize your apartment, after seeing a sample flat. Most builders typically have a sample flat to show, but in case they don’t, ensure you read the fine print and see that the builder is not claiming to sell 1000 square feet 2BHK flats which are actually just about 800 square feet. Check the carpet area before purchasing.

23Jul

By userIn flats in Thane West

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.

30Apr

By userIn flats in Thane West

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.

30Dec

By userIn Flats in Thane

Tips to Choose an Appropriate Location While Buying a House in Thane

Purchasing and investing in a property is definitely a nerve-wracking task. There are so many aspects that you must consider while finding that ‘perfect property’. When you start with your property hunt, you are bound to get confused about which location to choose. When talking about choosing the right property location, you should know that there are many. However, Thane has emerged to be a profitable area worth your consideration. The reasons are many, and all take you to profits. The rates of flats in Thane as compared to other locations are affordable. Besides, they offer an endless list of options to buyers.

The importance of a strategic location

The importance of a strategic location cannot be neglected when it comes to choosing a property, be it residential or commercial. Location does play a major role in a property hunt and should not be neglected. Thane has grown to be a major residential location. A lot of people have shifted their base to Thane for end number of reasons. Whether you decide to invest in flats in Thane West or East, ensure you make a wise choice.

To help you choose the right and lucrative location, here are some points you can consider that will help make a wise decision.

Choose your property location according to your family:

Home buyers who plan to purchase a home, ideal for a family-life, should consider a location that caters to the needs of every family member. If you have children and older parents living with you, then investing in a property that is closer to an educational institution or the healthcare industry is of paramount importance. Thane is home to some of the most renowned schools, hospitals and other necessary amenities that make investing in this location a lucrative option. As we pointed out earlier, a lot of aspects play a major role in helping you choose the right property, and location is the primary one.

Choose your property location according to the investment plans:

There are a number of home buyers who buy a property for the sake of investment. If you too, are one of them, then you are advised to opt for an area that is either in the developing phase or is developed. A buyer looking for a long-term investment should opt for under construction residential projects in Thane and around. They serve as the perfect answer and promise to offer great returns on investment in the very near future.

These are the two major factors that will help you choose the right location when buying a house in Thane.

24Dec

By userIn NRI investment

Home Financing Options for the NRIs Buying a Property in India

Every Non-Resident Indian (NRI) wishes to own a house back home. Buying a house for an NRI is not easy, and that difficult to. If you are not buying a house due to lack of finances, then you should know there are various home financing options available. It is one of the best ways to fulfil your dream of owning a house back in India. You should also know various regulations revolve around the purchase and how it can be financed.

A number of banking channels work towards helping your NRI investment in real estate a profitable one. These channels offer different home financing options that work in your favour. As far as pay for the property is concerned, it should come from the banking channels alone. Apart from this, the payment cannot be made through foreign currency or traveller’s cheque. If you do not have Indian currency, you can consider using the money to the debit or credit, in non-resident external (NRE) rupee, foreign currency non-resident (FCNR) or even non-resident ordinary (NRO). It is of paramount importance for an NRI planning to make a real estate investment in India to know that only Indian currency is to be used for the purchase.

However, it is of paramount importance for the NRIs to fulfil the conditions put forth by the Income Tax Act. In order for you to be eligible for the home loans, it is vital for an NRI to have stayed in India for 182 days or more. Apart from this, they should have stayed India for more than a year or so. Various banks offer some amazing and interesting NRI housing schemes that easily accommodate your housing needs. The eligibility criteria for applying housing finance remains the same. It majorly includes, the applicant to be 21 years of age, should be a graduate, and more. An NRI can easily get loan amount ranging from Rs 5 lacs to Rs 1 crore. But then, it completely depends upon the repayment capability of the individual too.

An NRI can easily avail the home loan in Indian rupees through various banking channels. For the purpose of financing a property, the home loan can be approved by the Indian Employer of the NRI employee. Getting a home loan as NRI investment in real estate is allowed for both commercial as well as residential properties. You will find a number of banks offering home loans for NRI. However, it is wise to consult the agent before applying for the same. Apart from investment purpose, NRI home loans can also be availed for buying flats for sale in Thane and around, construction, buying of the old house, renovation purpose, alteration to an existing house and so on.

Do not delay and apply for right housing loan that best meets your needs and requirements.

25Nov

By userIn NRI investment

Do’s & Don’ts To Keep In Mind While Planning To Rent A Home

Buying a property is considered to be a feasible option and a long-term investment. However, as an NRI have you ever thought of renting a property than buying one? Well, renting a house is an excellent option than the purchase of a house. You should know it comes with a number of benefits. A lot of Non-Resident Indian prefer to have their own share of investment in properties. They also look forward to getting the best deals for a magnificent house. NRI investment in real estate is not only about buying, but also renting. If you happen to rent a right house, you can say lots of money.

You should know renting a house or buy a house has its own share of problems. It is definitely not a small task. If you have decided to rent a house especially if you are here for a short stay, then mentioned below are some dos and don’ts you can follow before signing the papers.

NRI investment in real estate

Understanding the Rent Agreement

Don’ts – A lot of renters including NRIs often neglect the importance of going through and understanding the rent agreement produced by the landlord. In case, you do not understand anything; you can ask your landlord to explain the same.

Dos – You are highly advised to understand every bit of information written on the rent agreement. In case there are any changes, ensure you get them in writing to avoid any problems later on.

Overlooking the Inspection Aspect

Don’ts – Do not ever think that the house you are renting is perfect in every way possible. There is every possibility of finding out the house has leakage issues, roofing problems and more later.

Dos – Do make it a point to inspect the house you are renting thoroughly. If you notice any primary or minor problem, ensure you bring it to the notice of the owner. A lot of landlords tend to allow the renters to take a tour of the property thus helping them to list down the damaged area that needs repairing.

flats for sale in thane

What About Pets?

Don’ts – Do not ever make the mistake of hiding your pet and not discussing the same beforehand. If your landlord gets to know about the same later on, it can land you in soup.

Dos – Before you sign on the dotted lines you are advised to discuss whether pets are allowed in the house.

Make Timely Payment

Don’ts – Though you are an NRI, the payment needs to be done on time. Not paying your rent on time or several late payments can lead to eviction or even costly fees. Do not overlook your due date for rent.

Dos – When you pay your rent on time, you stand to be in the good books. This further leads to increasing your lease agreement to few more months or even years.

These are some of the essential dos and don’ts one has to keep in mind when planning to rent a home. If you still want to purchase a home, then consider looking for flats for sale in Thane as they are the best option.

28Jul

By userIn Flats in Thane

3 Things That Your Home Should Not Come Without

You feel safe in your house, isn’t it? Well, all thanks to the amazing and high-end security solutions available. If you are planning on buying a house, there are certain aspects you need to keep in mind. One of the major and the vital aspect you need to keep in mind is the security solutions. There are certain things your home should not come without. If you are looking for flats for sale in Thane, then look out for these major three things and then finalize the deal. It mainly consists of:

18Jul

By userIn Flats in Thane, Indoor amenities

Sneaky Tips to Save Space in Your Living Room

Once said, “the greatest wealth is to live content with little”. However, this statement does not imply to the apartments and flats for sale in Thane. The flats for sale in Thane believe in utmost luxury and offer spacious homes to those who are looking for an investment in a house. These flats for sale in Thane are becoming a centre of attraction for NRI’s, therefore, increasing the number of NRI property investments in Thane. With these spacious rooms that are being offered at affordable prices, it is becoming every NRI’s dream home. Most NRI property investments in these flats include a luxury living, amidst nature and tranquillity. However, with a spacious room that is offered in these flats for sale in Thane, you can design and save quite a lot of space in your home. Here below are a few sneaky tips to save space in your living room.

24Jun

By userIn Flats in Thane, Outdoor amenities

Throwing the Perfect Outdoor Sunday Party – What You Need to do and What You Should Avoid

Throwing a party at home is a great way to bond with friends and family. With the right spacing, you can throw the perfect outdoor party, especially on a Sunday afternoon. Plenty of flats for sale in Thane have incorporated sufficient spaciousness, especially in outdoor settings such as the outdoor lounge or patio. But when it comes to organizing such parties, there are certain rules you will need to follow. Given below are the do’s and don’ts when considering an outdoor Sunday party.