13Feb
By In NRI Property Investment

6 Smart Tips For Nris Investing In Indian Real Estate

Real estate investment has the potential to generate higher returns by both capital appreciation and rental yields. When it comes to investing in real estate, people have an array of options to choose from apartments to luxurious villas and so on. Such opportunities are not just restricted to the Indian residents but also Non-Indian Residents (NRIs) as well, as per the Foreign Exchange Management Act (FEMA) rules.

An NRI property investment in India are of 3 kinds:

•    Commercial properties
•    Residential properties
•    Villas/bunglows

However, they cannot invest in agricultural land, unless inherited by the ancestors. NRIs investing in Indian properties is not an easy task, owing to the lack of proximity.

To make NRI property investment in India a hassle-free procedure, one should keep the following tips in mind:

1)    Purpose of investment: Before investing in any property, the NRI should understand their risk appetite and spend with a clear purpose. If the ultimate goal is all about returns, they can get it by purchasing flats in developed areas and then renting them. The second bit is a retirement home. In such scenarios, NRIs can look for flats in Thane, which is a developing area.

2)    Developers credibility: It is imperative for the NRI to do a thorough check of the track record that the chosen builder holds. Mere research would not be sufficient. The record should include past delays in project implementation, and history of complying with the RERA laws that indicates the reputation of the builder.

3)    Enquire about home loan: In India, housing loan involves lengthy documentation process. However, it is not the same when it comes to NRI property investment in India. Some banks offer pre-approved credit for certain developers, especially those who have held a decent track record previously. This ensures the investment is worth every penny and fulfils an NRI’s dream of acquiring their dream home.

4)    Understanding taxes: NRIs should have proper knowledge of the tax implications in India at the time of investment such as rental taxes and property taxes. Experts recommend NRIs to remain invested in the property for at least 3 years to avoid short-term capital gain tax.

5)    Verification of legal documents: It is advisable that the NRI checks the legality of the asset. The NRI should be informed of the current owner, its history, legal disputes if any, and local regulatory approvals. Ensure the home adheres to all legal aspects before signing the deal.

6)    Location: One of the crucial aspects while investing in India is the locality. Be it short-term or long-term investment, developed or developing area, they should have basic amenities in a place like proper infrastructure, hospitals, educational institutes, connectivity, shopping centres, etc.

For NRI property investment in India, one should hire a Power of Attorney who can overlook the process in the NRI’s absence. One could also hire a good property manager or broker for better clarity.

Read More
6May
By In new projects in thane

Renting a home in Thane – Consider these locations

Renting a home in a city like Mumbai is no easy task. It is a mammoth task to find a locality that has every necessary amenity. If you prefer to live in a locality that gives you quick access to amenities and world class infrastructure, while the rental rates are also lower, you should seriously consider Thane. If you’re looking for rental flats in Thane, here are the best localities to choose from.

Ghodbunder Road: One of Thane’s fastest developing stretches of land, Ghodbunder Road has witnessed rapid development in every sense. The real estate industry in Ghodbunder Road is certainly booming. In the past few years, some of the most reputed developers have come up with new projects in Thane Ghodbunder Road, which are especially ideal for people looking to raise a family. Besides this, Ghodbunder Road is strategically located, connecting Thane to the Western Express Highway. Whether it is a home you wish to own or live in rented spaces, Ghodbunder Road is an ideal location.

Average rent per month: ₹13,000 per month for 2BHK and ₹19,000 per month for 3BHK

Majiwada: One of Thane’s oldest localities, Majiwada is well connected to the suburbs and urban areas of Mumbai. The chances of getting stuck in the traffic are significantly diminished, thanks to the Eastern Express Highway which allows you to drive signal-free, straight into South Mumbai within a matter of minutes. The Thane railway station is also close to Majiwada, giving access to local trains. Thane station also serves as a halting point for several out-station trains. Most people opt to rent out 2BHKs in this area.

Average rent per month: ₹15,000-₹17,000 per month for 2BHK

Thane West: Thane west is home to up-market localities such as Manpada, Kasarvadavali, Azad Nagar, Anand Nagar and Dhokali. Real estate in Thane West has seen the rise of several new luxury projects undertaken by renowned builders such as Hiranandani Constructions, T Bhimjyani Realty, Godrej Properties and Piramal Realty among others. Thane west has truly become a hot-spot with infrastructure that is developing at the speed of light. Besides, the rents here are also quite low. If you are living in a joint family setting, you could always rent 2.5 bhk flats in Manpada.

Average rent per month: ₹10,000-₹15,000 per month for 2.5BHK

Vasai East: Perhaps the most affordable locality in suburban Mumbai, the Vasai region of Thane is as developed as its others counterparts. But in the recent years, the area has received a huge face-lift with more and more developers storming in with good residential projects. Today, Vasai East is recognized for its semi-urban infrastructure and is a smart investment option, although not at par with areas like Manpada, Ghodbunder Road and Majiwada. Yet renting a home here is exceptionally affordable.

Average rent per month: ₹4000 for 1BHK and -₹7,000 per month for 2.5BHK

Read More
30Apr
By In 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.

Read More
2Feb
By In Flats in Thane

Why is Thane Growing to be a Major Residential Hotspot?

Also, known as the ‘City of Lakes’, Thane in Mumbai has remained an under-rated area for a very long time. Investors shied away from purchasing a residential home in Thane for the longest time. But in the last decade or so, Thane has seen so much development in terms of residential societies, educational institutions, public transportation and other necessary amenities which have elevated Thane’s position to a Mumbai hotspot. A lot of potential buyers now prefer buying flats in Thane for innumerable reasons. If you’re wondering how Thane, once known as a city of industries and pollution, has now emerged as a premier locality to raise a family in, read on.

A new-age city

Thane has undergone an image make-over of epic proportions. This beautiful satellite town has paved the way for some of the topmost infrastructural projects that make the life of civilians easy. From huge flyovers that connect Thane to the heart of Mumbai to huge malls and shopping centres, Thane has become a posh, sought-after locality. To enhance connectivity to other parts of the city the previous narrow lanes have been remodeled with broader roads. The water crisis that Thane faced previously has also been curbed. A new channel for equal distribution of water has been formulated; the railway station has been upgraded, as have other necessary civic amenities. It can thus be said that Thane offers everything that a premium city in the world does, which has drawn the attention of potential homebuyers.

An emerging residential locality

With improved amenities, Thane has witnessed a rise in property value. Many investors are considering purchasing a flat for sale in Thane as a long-term investment. It doesn’t matter if you purchase a flat to gain income via rent or for any other investment purposes, you can rest assured that you’ve made a wise investment. Realtors like Godrej Properties, T Bhimjyani Realty, Piramal Realty etc. have planned and designed residential projects sealing Thane’s status as a city of the future.

A comfortable living experience

Apart from building a great infrastructural framework, you will find that living in Thane can be extremely comfortable with the availability of all the required amenities. Thane is home to some of the most renowned schools, shopping malls, entertainment centres, colleges, and hospitals, all of which are in close proximity. With all the necessary amenities in place, Thane has emerged as the dark horse of the realty business.

Reasonable and affordable

A lot of flats in Thane West and East are offered at reasonable rates with incredible added benefits. Besides, these projects are built with the best, modern amenities thus making your stay a comfortable affair. Yoga centres, gymnasiums, clubhouses, music classes, swimming pools are just some amenities that realtors offer with your apartment, thus validating Thane’s reputation as a city fit for the ideal family life.

Read More
30Dec
By In 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.

Read More
30Nov
By In Flats in Thane

Create a Small Forest with Bonsai Plants

If you are someone who is into gardening, then you can do it in your 2 or 3 BHK apartment. How about you consider having a Bonsai plant on your balcony or window sill? Having one only helps in making the whole house green and vibrant. Bonsai plants tend to offer a way for the residents to enjoy the beauty of nature at the comfort of the house. Before you start planning on how to place, know that ‘Bonsai’ word derives from Japanese words, ‘Bon’ meaning tray and ‘sai’ means growing. In short, Bonsai means growing trees in trays. You can easily grow them in your flats in Thane and around.

You can beautifully place the Bonsai plant in a try along with other elements such as moss, cascading waterfalls, pebbles and a rock garden. You are bound to have a balcony in your 2 or 3 BHK apartment, make the most of it by having a Bonsai plant. Apart from this, you can even place it on the window sill. However, ensure it is placed properly to avoid any accidents. When it comes to maintaining a bonsai plant, it is not that difficult and is same as maintaining any traditional plant.

It is vital to learn some techniques as far as cultivating and giving a good shape to a bonsai plant is concerned. However, once done, maintaining is easy and simple. It is of paramount importance to water the plant on a regular basis, change the pot once a year and put compost once a month. Anyone can have a bonsai plant. All it requires is a little space on the window sill or balcony. Apart from this, it is also vital to have few necessary and basic tools to grow the bonsai plant in your flats in Thane west and around.

No matter whether you plan to have a bonsai plant in your 2 or 3 BHK flat for sale in Thane and around, having basic knowledge of the same is vital. Get in touch with the experts to keep the plant in shape. Before you make a purchase, know these plants are classified according to their shape like informal upright, formal, cascade, slanting and semi-cascade. Choose the one that best meets the needs of your flat. Ensure it should look good from inside and outside. To keep the bonsai plant in its desired shape, do not forget to trim and prune the roots of leaves and branches.

Consider these aspects if you plan to have a bonsai plant in your apartment.

Read More
8Oct
By In 2.5 BHK flats in Thane

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.

Read More
19Dec
By In Flats in Thane

Things You Need to Know Before Investing in an Upcoming Project

The decision to buy a house is an important one. One must be clear about the steps involved and legalities that help execute the deal in the right way. Many fast-growing areas like Thane, Kalyan, and Dombivali have upcoming projects that are up for grabs. Thane is one of the most favoured places today due to great road connectivity and impressive infrastructure. Here is a list of the things that you are supposed to know when you look for flats in Thane.

–    Contract Papers: Many developers produce a standard home buying agreement, which has terms and conditions that are non-negotiable. However, a proper contract is always negotiable in nature. You can take help of a legal advisor in such cases so that you can include your terms in the contract as well. Whether you are looking for upcoming 2 or 3 bhk flats in Thane or condo apartments in South Mumbai, it is better to have a well laid out contract.
–    Background Check: How do you know if the realtor you are dealing with is trustworthy? You need to run a thorough background check about the past reputation of the realtor, quality of construction and timeliness while giving possession of the flat, and if he was a part of any legal feud. Only after confirming these facts can you go ahead with your house buying decision.

–    Plan for Future: Do not buy a house keeping in mind the lifestyle you are leading at present. It is always better to plan things ahead in such cases. Think of big plans like what will be your future income, investments, and other life decisions like marriage, number of children, and whether your parents will be living with you as well. There are many 2 and 3bhk flats in Thane that are available at favourable rates. Decide once you have thought everything through.

–    Determine All Costs: At times you may find a well-designed house in a good price range but you may feel that it needs more work than a coat of paint. Compare all the costing and see if the charge of installing cabinets, units and inbuilt furniture and appliances will be more economical than purchasing a fully equipped house. Make a decision based on comparisons rather than haste.

These are the steps that will help anyone take a better decision while looking for flats in Thane. It is an important decision of life, which definitely needs thought and consideration of all pros and cons.

Read More
1Oct
By In 3 BHK flats in Thane

Planning Your Home Purchase with Your Spouse Before You Get Married

You might have heard of the common proverb, “Love is Blind”, but do not follow the same concept when buying a 2 BHK or 3 BHK flats in Thane together. A lot of couples once the engagement is done start looking for a house. It is believed that a lot of couples buy a house before getting hitched. However, you should also know home buying is the biggest move a couple can take and hence should be done carefully. So, if you are planning to buy a house with your beloved before getting married, get rid of the financial heartbreak by keeping in mind these tips:

Consider Opening a Joint Account

In case, you do not have a joint account; you might want to open it as soon as possible. The same joint account can be used to pay the property taxes, mortgage, maintenance and also insurance charges. To ensure you do not forget to deposit the amount in your joint account, set up an automatic monthly deposit from your account. This ensures neither of the parties forgets to collect the money. Furthermore, you can even have home expenses automatically deducted from the account which simplifies the budget tracking and bill paying.
joint-account
Compare the Credit Scores

When determining whether you can have enough money to buy flats in Thane, you might have already shared the income and saving details with each other. Another vital information you might want to share with your to-be spouse is credit report. This also goes for the partner who is planning to get into a business deal. Knowing the creditworthiness of the business partner works the best. If either of the partners has poor credit score it can have a significant influence on two major aspects:
Who will take responsibility for the loan
Title of the property

You should know married couples are considered to be a single unit, whereas it is not the same with unmarried ones as they are treated as individuals. So, before you start looking or flats in Thane, do not forget to compare the credit scores.

Agreement in Writing It Vital

It is advised to have the agreement in writing. You can do so by contacting a professional real estate lawyer. This majorly includes partnership, property, or even cohabitation agreement. This should also have complete details of the arrangement like what happens to the property in case you split up and also what percentage of equity each of the partners is entitled to.

agreement

Deciding on Managing the Costs

A partner is ultimately liable for the debt when he/she cosigns on a mortgage. So, in case the relationship turns sour, or you split up, or the partner stops paying entirely, the cosigner has to take up the responsibility.

Title It the Right Way

It is also important to decide on how you will take the title or own the house. You have three primary options:

A partner can hold the title of sole owner
Both the partners can hold the title as joint tenants
Share the title as tenants in common

These are some vital aspects unmarried couples need to consider when planning to buy 2 BHK or 3 BHK flats in Thane.

Read More
20Aug
By In 3.5 BHK flats in Thane, Flats in Thane

What Your Child Stands to Gain by Training for The Theatre

It is believed that arts play a major role when it comes to boosting performance in various areas of life, be it academics, communication and so on. However, not many tend to remember them. There are just so many benefits you child tends to procure when being a part of art or theatre. The modern technological world has made lives easier. However, there is no way it can beat the benefits arts and theatre offers. Einstein once said, “Imagination is more important than knowledge”, which is well taken care of when you motivate your children to be part of a theatre group. To turn your child’s skills into something big, some of the 3.5 BHK flats in Thane offers spaces that help them to showcase their talents.

Read More

HAVE A QUERY?

NAME*
EMAIL ID*
MOBILE NO*
INTEREST*
X
HAVE A QUERY?