13Feb
By In new residential projects in Thane

Shifting To Thane? Invest In These Top 4 Localities

Hunting for the right location to purchase a flat/apartment in Mumbai can be a monumental task. While choosing the right house, it is not just about the area but also of the basic amenities, and world-class infrastructure at affordable rates. One can find all three options in the new residential projects in Thane.

What has attracted home buyers to Thane?

•    From literally having nothing to now having almost everything, Thane has come a long way
•    Thane has land parcels in abundance. One can own plots or build houses
•    Most of the new projects are MHADA properties, which are expected to go under redevelopment
•    The chawls will convert into towers shortly. This will upgrade the market price

These reasons can soon see Thane overpowering the Mumbai Metropolitan Region (MMR). If you are new to Thane and looking to purchase a flat here, watch out for the following localities:

1)    Majiwada: It is one of the oldest locations in Thane. The biggest advantage of investing in properties in this area is its proximity to Eastern Express Highway that drives straight to South Mumbai. Majiwada is also 10 minutes away from the local station. It means, people can travel by local trains and reach the suburban parts of Mumbai easily. Investors will mostly find 2 BHK apartments offered by real estate companies like Rustomjee, Lodha, Sheth Builders, etc. However, the properties are slightly costly than other areas in Thane.

2)    Ghodbunder Road: It is the road that connects a ‘Thanekar’ to the suburbs of Mumbai via the Western Express Highway. One can witness massive residential properties on this particular stretch owing to its strategic location. The new projects in Thane Ghodbunder road are affordable, and homebuyers can find 2 BHK to 3 BHK flats here. The rates for rent are anywhere between INR 13,000 to INR 19,000.

3)    Vasai East: If Thane offers costlier options, investors can find reasonably priced properties at Vasai East. This semi-urban infrastructural area is also a hub for blue-collar jobs. The locality saw an upsurge when many real estate companies launched their residential projects here. The options that investors can find here are a builder-floor category or slum rehabilitation properties. The size of the flats is anywhere between 1 BHK to 2 BHK.

4)    Thane West: It includes areas such as Manpada, Anand Nagar, Azad Nagar, Dhokali, Kasarvadavali, Kolshet, Hiranandani Estate, Kavesar, Waghbil, Kiranmil Colony and so on. These are all up-market neighbourhood that is thronged by world-class malls, hospitals and educational institutes. Most of the high-end real estate companies have new residential projects in Manpada. One such is T Bhimjyani’s Neelkanth Woods.

So, are you all set to invest in a property in Thane?

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18Oct
By In new residential projects in Thane

Top Localities For NRI Investment In Mumbai

India’s real estate sector has been attracting the attention of Non-Resident Indians for quite a while now. Every Indian settled abroad knows the value of real estate in India’s poshest cities be it Mumbai, Delhi, Chennai or Bangalore. Mumbai especially remains a favourite of NRIs, thanks to its position as the financial capital of the country. NRIs, who earn in currencies, superior than the Indian Rupee (INR) find it much easier to invest in real estate in Mumbai. Whether you choose to invest in new residential projects in Thane, Suburban or Southern Mumbai, you can rest assured that your investments will definitely yield high returns. Here are the top localities for NRI investment in Mumbai.

Bandra West: Bandra West is one of Mumbai’s poshest neighbourhoods and is the preferred locality for individuals with high incomes at their disposal. From Hill Road to Turner Road and Linking Road to Carter Road, Bandra West is a real estate goldmine. This neighbourhood is well connected to other parts of the city, making it the perfect locality for NRI property investment in India.

Dadar West: There is a reason that Dadar, especially the West of Dadar is regarded as the heart of Mumbai. This Mumbai neighbourhood enjoys close proximity to central and western railways, with one of the biggest railway stations in the city. Dadar is also packed to the rafters with several budget shopping arcades, huge markets, schools, hospitals and all other necessary amenities, making it an ideal choice for NRI investment.

Thane West: With some of the best real estate giants in the city backing exceptional projects, Thane West has become one of Mumbai’s favourite localities for real estate investment. New projects in Thane Ghodbunder Road and other Thane West areas by builders like Hiranandani Constructions, T Bhimjyani Realty, Godrej Properties etc., are known for their fantastic infrastructure and modern amenities. Thane is also one of the rare Mumbai neighbourhoods where investing in real estate is affordable but the yield of returns is very high.

Colaba: Colaba has forever been known as the locality where the crème de la crème of Mumbai’s business world reside. One of the poshest South Mumbai localities, Colaba is best known for its sky-rise buildings and tall skyscrapers. This uber Mumbai locality is catching more traction, thanks to the upcoming Metro III project that has already begun in the locality. Now is the right to invest in Colaba, before the property rates start sky-rocketing.

Andheri: Andheri in suburban Mumbai is known for being one of the best neighbourhoods in the city, which is well connected to all other parts of the city. Besides being a starting and terminating station for local trains on the western and harbour lines, the Andheri-Ghatkopar Metro has also made it convenient to travel to any part of the city within minutes. NRIs can consider any part of Andheri for real estate investments. Just visit the NRI corner on the website of your chosen developer.

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12Aug
By In new residential projects in Thane

Looking to profit from your residential property investment in Thane? Learn How

Real estate investments have globally proven to be a rewarding investment class. It is also gaining momentum in India, and is set to grow at an estimated rate of 30% in the decade to come. In 2017 alone, the real estate industry in India grew by approximately 7%. However, earning money from your real estate investments can be, both enticing and tricky. So it is important to understand the factors and the market that makes it possible for you to profit from such investments. Whether you are looking at NRI property investment in India or to earn rental income, you can profit from your investment simply by following the below steps.

Begin by finding the growth corridors: Investing in properties in cities like Mumbai, Bengaluru and Pune has yielded profitable returns in the past few years. But while location is one of the necessary factors in property investment, it should not singularly drive your basis for investment. It is necessary, to consider the available growth corridors. A growth corridor is essentially a property which compliments easy transit routes, educational and health care institutions, shopping centres and other public spaces. In a city like Mumbai, you can consider investing in new projects in Thane Ghodbunder Road, which has become the up and coming neighbourhood thanks to real estate giants like Hiranandani Constructions, T Bhimjyani Realty, Lodha Group etc., who’ve come up with some great residential projects, all in close proximity to the aforementioned amenities, making it a lucrative growth corridor.

Consider the rental income: If your purpose of investment is to yield rental income, real estate is a good option as it can contribute to both, capital appreciation in the long run, and help you pay a part of your EMI, if you’ve purchased the home on a bank loan. Investing in locations which are connected to economic opportunities always offers better returns. The upcoming metros and the already established international schools, health care and hospitality centres makes investing in new residential projects in Thane even more attractive to the renter, who can have easy access to all the amenities and facilities nearby. Besides, Thane’s new role as the Silicon Valley of Mumbai has contributed to its position as a great Mumbai locality for rental income.

Consider the hold period: As a locality grows an upgrades, it draws an increasing demand from investors and homebuyers. But you must remember that every property goes through its ups and downs; you won’t always see sustained growth in a single location, even if it is in posh areas like Colaba, Bandra or Juhu in Mumbai. As such, the ideal period of time for one to remain invested in a property is about 4-5 years, or longer is possible. During this time, fluctuations are normal but a patient investor is guaranteed to earn a profit. NRIs looking to invest, can find out more about the property’s growth by visiting the NRI corner.

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7Jun
By In new residential projects in Thane

The NRI’s guide-book for property Investment

Most Non Resident Indians (NRIs) hear stories from friends and family in India who’ve made tremendous profits in the real estate industry. This makes them deliberate using their savings in foreign currencies to purchase real estate in their home country. But most of them are not familiar with the rules and regulations of real estate investments, which let’s face, it can be pretty complex. Since NRI property investment in India is extremely lucrative, we’ve listed out some points that can facilitate your decision to invest in the sector.

Why should NRIs invest in Indian real estate?

In the recent years, investors have earned over 20% annual returns in the Indian real estate industry. Real estate investments help grow your corpus rapidly, if invested in localities with high-growth potential. The growth in India’s, particularly Mumbai’s urban areas, coupled with the influx of people from different parts of the country has paved the way for Mumbai to emerge as one the largest contributors to world economy. Mumbai’s Thane area particularly, is seen as a profitable site for real estate development with several state-of-the-art residential and commercial complexes being planned. Investing in new residential projects in Thane can prove extremely fruitful and yield great returns for NRI investors, since they are in a unique position to take advantage of this situation.

What are the best places in India for NRIs to purchase property?

Suffice to say that not all property markets yield equal returns. NRIs must examine the nitty-gritties of the market in which they wish to invest. A good rule of thumb is to invest in cities that have a fast population growth with continual influx of people. Also, investing in cities where people make the highest incomes, but the property prices are such that an average middle-class man can afford, is a safe bet. Investing in the countries metro cities like Delhi, Chennai, Kolkata and Mumbai can be intimidating. If you still wish to invest in Mumbai, you should consider putting your money into an area like Thane, which is witnessing a big boom in terms of its real estate. If you must invest in Mumbai, then new projects in Thane Ghorbunder Road and other popular areas in Thane is a great option. NRIs looking for high potential property investments should consider investing in Thane and other new-economy cities like Bangalore, Hyderabad and Pune.

How should NRIs go about with the investment?

After doing your due diligence and thorough research, NRIs can finalize a residential or commercial project they wish to invest in. It is recommended that you select a project being constructed by a reputed real estate company with years of experience. Some of the best real estate companies in India include Godrej Properties, Oberoi Realty, T Bhimjyani Realty, Lodha Group and Prestige Group. You can visit the NRI corner on the website of these real estate companies or speak to them on their helpline number for guided instructions.

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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

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