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.

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13Feb
By In new residential projects in Thane

Want to Lead A Luxurious Life In Thane? Consider These Top Real Estate Companies

When we think about leading a king-size life in Mumbai, locations such as Malabar Hills, Nariman Point, Bandra are some of them that come at the top of the mind. Would you imagine Thane holding a spot in the luxurious abode category? No. But here is why you should consider Thane:

•    The upcoming metro route from Thane to Wadala
•    The proposed tunnel linking Thane and Borivali, which will be a 10-minute ride
•    A monorail from Thane to Bhiwandi and Thane to Kalyan

Thane is known to be a cosmopolitan locale today, and it is evident from its various educational institutes, real-estate projects, shopping outlets and top restaurants.

With so many real-estate companies thronging Thane, it is difficult for the investors to make a choice. Some of the new residential projects in Thane are coming up in major locations where one can find malls like Viviana and prime highways that connects people to the suburban and town side of Mumbai.

The projects are named T Bhimjyani’s Neelkanth Woods at Manpada and Puraniks Rumah Bali at Ghodbunder Road. To avoid any last-minute glitches or hiccups in buying the dream home, go for properties in Thane from these top real estate companies:

1)    Rustomjee Builders: As a builder, Rustomjee has always followed a vision that challenges the conventional notions of design, architecture, thinking and the materials. Their properties not just shape the lifestyle and environment of the people but also shape the future blueprints of the area. Their luxury property, Urbania at Majiwada, is just that. The biggest benefit of the complex is its proximity to the Eastern Express Highway connecting to South Mumbai.

2)    T Bhimjyani Realty: With over 40 years of experience, T Bhimjyani has taken the responsibility of stalwart protector of the investor’s happiness. T Bhimjyani’s Neelkanth Woods Manpada is the most talked about residential project in Thane presently. It offers a picturesque visage of a natural stream running near your home and provides an all-encompassing aerial view.

3)    Hiranandani Developers: Another company that has been a front runner in the real estate category for over four decades is Hiranandani. They are known to create self-sufficient and enduring townships in the city. In fact, Thane’s success attributes to Hiranandani. They have their properties closer to the hills, i.e. Yeoor and at the main highway, Ghodbunder Road, which are well-known.

4)    Piramal Realty: The company that has left its footprint since the 1990s is Piramal Realty. Their focus has been on creating high-grade retail and commercial projects. Piramal’s Vaikunth property in Thane spreads across 32 acres and is a blend of an exquisite collection of luxury residences with nature’s tranquillity.
So, which is your choice?

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13Feb
By In Real Estate Company in Thane

Looking For A Flat In Thane? Here Are Some Tips To Remember Before Approaching The Real Estate Developers

The Thane locality in Mumbai was once known as the industrial area that emitted smoke from the factories leading to air and noise pollution. It was far from being considered as a residential hub. In fact, travelling to Thane was a task. Now, Thane is coming on its own. Various locations such as Manpada, Ghodbunder and Pokharan road have attracted an enormous chunk of buyers from other peripheral places in Mumbai. There have been at least 47 per cent demand in the Thane realty market.
Thane’s success attributes to its improved infrastructure, business centres, and affordable housing rates. Such is the demand that prominent real estate companies like Piramal, Neelkanth, Lodha, Kalpataru, etc. are flocking the area, targeting the middle and upper-middle segment.

If you are looking to invest in a real estate in Thane, here are some tips before visiting the developers:

1)    Transparent information: New buyers need precise data about the locality they are moving to. One should select real estate developers in Thane who offers them accurate details. The company should be up to date with their policies and procedures. The developers should boast of trained sales staff who can answer the buyers’ queries instantly. For example, T Bhimjyani and other renowned realtors are known to provide details on the floor plan, tax benefits, the size of the flat, and so on.

2)    Real estate office size: One of the common mistakes that investors make is judging the real estate company by its size. So, if the size is small investors believe that they are not reliable. Similarly, if the company size is big, means they are more trustworthy. What should matter for the investors is the sales volume. Plus, investors should consider companies which are known for its successful projects.

3)    The reputation of the brand: While going for real estate developers in Thane, opt for a brand that has over the years delivered luxurious as well as reasonably priced properties in the area. This is largely dependent on the company’s business duration and its legacy. If you are hunting for a flat in Thane West locality, real estate companies like T Bhimjyani, Lodha and Hiranandani, have held the fort for years, building reliable and sturdy commercial properties. These projects have received huge demand as well.

4)    Timely deliverance: One of the issues that investors face, especially with under constructed property, is receiving the flat keys on time. People are usually provided with an occupancy date by the builders when they can move in. If the real estate companies do not live up to the investors’ expectation, it can mess the buyer’s finance and budget. When the real estate company provides a particular date to the investor, they have to get the necessary approvals from the governing bodies, NOCs, and keep the essential documents ready.

Before opting for any real estate in Thane, ensure the brand fulfils the mentioned criterions. This not only ensures smooth investment journey but also a happy life in the lush green Thane locality.

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15Jan
By In under construction projects in Thane

5 Advantages of Investing in Under Construction Properties

Off-plan or newly constructed property: which is better? This is a question that every investor mull over before making an informed decision. Buying a house is never easy. Although it may be an exciting milestone, it is a tedious task. The buyer has to be conscious of minute details like the design, number of rooms and the locality. When it comes to Mumbai, many real estate companies are slowly migrating to the new hub, Thane.

Over the years, Thane has outgrown to be the greener and scenic place. Precisely one can find high-end realtors such as T Bhimjyani, Lodha, Runwal, Piramal projects coming up at affordable rates.

One of the much-anticipated under construction projects in Thane is the T Bhimjyani’s Neelkanth Woods at Manpada. It is a culmination of nature and luxurious spaces, closer to the city’s essential amenities and offers world-class facilities to its investors.

Coming to the question between under construction and new-made property in Thane, the following points will explain why the former is ideal:

1)    Time saves dimes: Purchasing under constructed properties are cheaper before the completion stage. Meanwhile, ready to buy possessions are expensive. One almost spends 20 to 40 per cent more money on new construction properties. By investing in under constructed accommodation, the equated monthly installments (EMIs) of home loans shorten as the loan budget reduces considerably.

2)    Profit and more profit: Real estates are an excellent source of investment. When the investor purchases properties at the pre-possession stage, they can earn a substantial profit by selling them before the completion stage. Moreover, the additional benefit in some of the under construction projects in Thane is, buyers can modify the amenities/facilities as the builders have to foot the bill and not the buyer.

3)    Government support: The fear of loss of money is a thing of past, legally and literally. Thanks to the new Real Estate Regulatory Act (RERA), builders cannot fleece the buyer anymore. As per the Act’s directive, builders who do not comply with the deadline of the project, have to return the invested money along with interest to the buyer.

4)    Your home, your design: Most often ready to occupy accommodations leave the buyers disappointed as the design and architecture are not up to mark. While in under construction apartments, one can make changes as per their specifications or Vaastu to a certain extent.

5)    Investment authority: Before advertising or selling the property, builders have to register the project under RERA. Post-registration, builders have to upload the property related documents to RERA portal for the layman’s perusal. This keeps the buyers’ money secured and saves them from fraudulent activities. The investors can also monitor if the invested capital is getting rightly utilised in pre-possessed properties. If not, they can complain to RERA of the same.

Get the calculations straight before investing in under or new construction in Thane.

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22Nov
By In 3.5 BHK flats in Thane

Why it is Prudent To Invest in Large-Sized Apartments in Thane

Mumbai is a city where people have no choice but to live on top of one another’s heads. It is a city of high-rise skyscrapers and flats the size of a matchbox. In fact, with every passing day the property rates in Mumbai are increasing whereas the sizes of houses are decreasing. Thankfully, with the arrival of Thane real estate in the last few years, this situation has changed. Yes, one can find affordable, spacious and comfortable 3 or 3.5 BHK flats in Thane. Here’s why it is prudent to invest in a large-sized apartments in Thane.

You needn’t move as your family grows: Most young couple find that living in a house in Mumbai can get cramped, especially when they are in the family way. With the added expenses of children, especially when one is still in the process of building their wealth, one cannot possibly dream of owning a big sized home in other parts of the city. Such individuals will find that a 1/1.5 BHK flat in any of the central localities will cost just as much, if not more than a 3.5 BHK flats in Manpada, Thane’s poshest locality.

You can be flexible with how you use your rooms: Owning extra room is never an issue. You can convert the room as you like. There are many ways to utilize your 3 BHK in Thane. You could convert the extra room into a nursery for your children or use it as a home-office, should you choose to run your business from home or work from there. Furthermore, you could convert the extra room to a guest room where you can host friends or out-of-town guests.

You can live with your aging parents: As our parents begin to age, we begin to worry about their health. Our parents may also need us to be around them. This is especially true of individuals who have only one living parent. If you choose to live in 3 BHK flats in Manpada, Thane, you do not have to worry about visiting your parents and keeping a tab on their health as you can invite them to move in with you. What’s more, you can take care of your parents the presence of your children can also prove to have positive effects on their health.

You can expect higher sale prices in future: It is a known fact that the square-feet area of a property keeps increasing day by day. With extra square-feet area, you can expect the price of your property to increase as time goes by. Especially in a locality like Thane, that is constantly developing; there is no doubt that the property rates in Thane will shoot-up in the next decade, where it will become impossible to purchase a super-spacious home. Therefore, now is a good time to make the most of the affordable property rates and purchase 3.5 BHK flats in Thane.

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18Nov
By In neelkanth woods olivia

Book Your Dream Home in T Bhimjyani Realty’s Neelkanth Woods Olivia Project

Mumbai is synonymous with many things. It is referred to as the city of dreams and the home of Bollywood. Mumbai is also known for its fast paced life, sky-rise buildings and the famous local trains. It is known for being polluted, populated and immensely crowded. But that’s just the price that the otherwise wonderful city is paying for being the greatest Indian city. Despite its popularity, one adjective has always evaded Mumbai. It has never been referred to as a “haven”, perhaps because it is almost impossible to find any green cover in this metropolis. Thanks to the Neelkanth Woods Olivia project by T Bhimjyani Realty, this is about to change.

Get your dose of nature in Mumbai

Thane is perhaps the only locality in Mumbai that can afford its citizens a little slice of nature. This Mumbai neighbourhood is home to several green parks and gorgeous, serene lakes. As a result many builders are capitalizing on the vicinity to create some state-of-the-art projects that are created with the view of providing affordable homes, in the heart of nature. One such project is the Neelkanth Woods Manpada project. Manpada enjoys the inimitable reputation of being both, one of the most pristine Thane neighbourhoods, which is just as posh and happening as some of Mumbai’s best neighbourhoods.

Live in spacious houses

Houses in Mumbai are typically, ridiculously small. The average Mumbaikar has become accustomed to accepting the fact that you cannot find spacious homes in the city. Even if one does miraculously find a spacious home, it is more often than not, priced in several crores and way off one’s budget. However, the 2.5 BHK flats in Manpada’s Neelkanth Woods Olivia project are not only spacious, but also perfect for the ideal family life. Huge apartments, overlooking the stunning green mountains and divine lakes, are the USPs of this project.

Enjoy some world class amenities

Every investor who purchases one of the 2.5 BHK flats in Thane West’s Neelkanth Woods Olivia project also receives several special amenities that are built as a part of the project. Some of the best amenities offered by this project include a swimming pool, a beautifully landscaped garden, separate recreational areas for children and senior citizens alike, a well-equipped gymnasium, a Jacuzzi and sauna, a steam room, a yoga room and grounds for several different sports activities. Now isn’t this true value for money?

Everything is within an arm’s distance

The Neelkanth Woods Thane project is located in the heart of the chic Manpada locality, making its super convenient for its residents to be at just an arms-length away from some of the most essential civic amenities such as schools, hospitals, shopping malls, entertainment centres and other necessities required to lead a quality life. The project is also located close to the National Highway – 48 and the Eastern Express Highway.

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31Oct
By In 3 BHK flats in Thane

Why a 3 Or 3.5 BHK in Thane Makes For a Dream Abode

Thane is one of the few areas in the iconic city of Mumbai, where one can find big and spacious homes. What’s more, the houses in the area are priced at almost half the price of flats available in localities like Bandra, Colaba and other South and Suburban Mumbai localities. Thane has also been recognized as one of India’s topmost smart cities, because of its spacious homes, clean parks, and fantastic educational institutes. It is therefore no wonder, that Thane has caught the fancy of the affluent folks of Mumbai. Here’s why owning a 3 BHK in Thane makes for the perfect dream abode.

Great for children: Thane has become home to some of the finest educational institutions in the country, fitting different budgets. From international schools and schools of various boards including ICSE, CBSE and SSC schools, to great institutions of higher education; you can enrol your children in any reputed institution that fits your budget. What’s more, several preparatory classes for higher grades as well as advanced classes like IIT-JEE etc. are available in Thane areas like Manpada, Ghodbunder Road and Thane West. A 3 or 3.5 BHK flat in Manpada, reduces your child’s stress of travelling to far corners of the city.

Great for working parents: The IT sector of India is one of the fastest developing sectors in the country. With Thane being a locality of low rents, many businesses are shifting offices to Thane. If you are a working parent, employed in the IT sector, a 3 BHK flat in Thane is ideal for you. Not only will it be a spacious home, it will also be close to your working space or office. Besides IT offices, there are several other offices, which are moving to Thane, which increase your chance of seeking employment in this area.

Great for older parents: As our parents become older they become our responsibility. But taking care of older parents in a big city like Mumbai, where flats are as tiny as a matchbox becomes exceptionally difficult. Thankfully, owning a 3.5 BHK flat in Thane makes it possible to have your parents live with you, comfortably. The Thane area is well known for its beautiful green parks and lakes. Your older parents can step out into the fresh, green air of Thane for a stroll in the evening which can be healthy for both, their minds and bodies.

Great for keeping full-time domestic help: The advantage of owing a 3.5 BHK flat in Thane also lies in the fact that you can keep a room reserved for a full-time domestic help. You can use the additional half-a-room as a quarter for your house help, who can stay with you all the time. This is especially advantageous for working parents living in joint families. Your house-help can stay with you and look after the needs of your children and older parents in your absence.

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13Oct
By In Real Estate Companies in Mumbai

Planning To Buy A House In Mumbai – Choose From These Real Estate Companies

For many people, owning a house is one of life’s biggest dreams. Those who have higher aspirations, often dream of owning a house in a city like Mumbai, the financial capital of the country. Every year, more and more people flock into this dream city. But only a few make it big enough to own a home here. If you’re one of the lucky few, who can afford a home in Mumbai, ensure you choose from one of these real estate companies in Mumbai, when you purchase your dream home.

Godrej Properties Limited: Established by business magnate Adi Godrej as part of the Godrej Group, Godrej Properties Limited was launched in 1990. Since its establishment, the company has gone on to develop projects worth millions of square feet in the crème de la crème locations of Mumbai. This real estate company in Mumbai was one of the first to obtain ISO certification and is especially known for its excellent quality construction. GPL is one of the most trusted names in the realty business and is known for creating extraordinary residential projects.

T Bhimjyani Realty: In the past decade, Mumbai’s Thane area has become one of the poshest localities, where one can purchase affordable and spacious homes. The Neelkanth Woods Olivia project in Thane West by T Bhimjyani Realty is one of the few residential projects in the city that allows you to enjoy the spoils of nature, with several beautiful lakes, parks and green cover surrounding the project. The giant real estate boasts of an experience of over 40 years in the real estate business and has the reputation of building affordable and spacious home in Thane for decades together.

Hiranandani Developers Private limited: Another realty giant that has set up offices in various parts of the country, the Hiranandani Construction group has 4 decades of experience in the real estate business. The company is however best known for its luxurious residential projects in Thane, making them one of the most renowned real estate developers in Thane. Hirandani Developers are known for their sturdy and excellent quality residential projects in Mumbai.

Piramal Realty: A real estate company that entered the industry in the 1990s with the focus of creating high-grade retail and commercial projects, Piramal Realty has now become one of the best builders in the residential projects space too. Known for their spacious homes, built in ultra-modern architectural styles, Piramal Realty is especially become one of the favourites among people hoping to invest in real estate in Thane West.  One of the greatest advantages of purchasing a home from Piramal Realty is that you stand to own flats ranging from 1400 to 2000 square feet, complete with modern amenities and club houses in a city like Mumbai.

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27Sep
By In 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.

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22Sep
By In 3.5 BHK flats in Thane

Advantages of buying 3 and 3.5 BHK flats in Thane

If you are considering a good investment to secure your future, owing a property in Mumbai’s posh Thane locality seems like a wise thing to do. In just the last decade alone, Thane has developed by leaps and bounds and continues to do so. With its super spacious residential projects, mega malls and impeccable civic and educational facilities, it is no wonder that Thane has been recognized as one of the most rapidly developing smart city in the country. Despite all this, owning a home in Thane is much more affordable than owning one anywhere else in Mumbai. Here are the advantages of purchasing 3 and 3.5 BHK flats in Thane.

It won’t be affordable in the future: In a country where property rates are steadily appreciating every day, Thane is an investment hub that should not be missed. Not only is Thane developing rapidly, it continues to remain one of the few affordable options, that is guaranteed to double your investment in the near future. With the innumerable commercial spaces and luxury township projects from builders like T Bhimjyani Realty, Godrej Properties and Lodha Group among others, it has become the place to live in. It makes much sense to buy 3 bhk flats in Manpada, Ghodbunder and other Thane areas now, before the property rates shoot up.

It can secure your future: Thane has become Mumbai’s IT hub. With large, sprawling offices, most businesses are moving to Thane. This makes Thane a good option for people wishing to live close to workspaces. Even if something uncertain like the need to relocate to a different city comes up in the future, your Thane home can be easily leased or rented and you can continue to generate monthly income out of it. Since the city is already known for its gigantic malls, fantastic civic amenities and luxury township projects, it is much easier to rent the 2 and 3 BHK flats in Thane to families looking to rent.

Big apartments: Mumbai is regarded as one of the best salary paying cities in the country. It is also a city where rents are unaffordable and the houses are extremely compact. Thane however is immune to this uncomfortable situation. In this city of tiny apartments, Thane is a breath of fresh air, with more and more builders building 2, 3 and 3.5 BHK flats in Manpada, Ghodbunder Road, Majiwada and other posh Thane West localities. The homes in Thane typically start at 800 square feet, going all the way up to 1200 and 1400 square feet, making the apartments twice as big as any other part of the city. Thane is thus ideal for people with large families or for young couples planning to settle into marital bliss in the near future.

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