24Apr
By In under construction projects in Thane

Planning to Invest in Under-Construction Projects – Consider These 4 Tips!

Every individual has a vision of what his dream home should look like. The number of rooms, the area per square feet, the locality, and the amenities available in the locality are a few of the obvious concerns when one sets out to purchase a home. That property investment is a life-long investment is a known fact. It is therefore essential to do a thorough research about the real estate agency from whom you choose to purchase your property. Many of us refrain from buying ready-to-move-in flats because there is little scope to make any changes or have some customizations done as per our requirement. Perhaps, this is why more and more people in Mumbai prefer to invest in under construction projects in Thane.

Irrespective of this, it does not matter whether you want to invest in a ready-to-move-in apartment or under construction property; here are some traps a lot of buyers tend to turn a deaf ear to.

1.    It is of paramount importance to get everything in writing when you are buying a flat. As a potential homeowner, ensure you do not make the mistake of signing on everything without reading it. Ensure everything is agreed and negotiated before you sign on the dotted lines. If you are planning to invest in an under-construction property, then talk with the builder to understand timelines regarding project completion, possession period, repercussions in case of inability by the realtor to honour the commitments etc. Ask as many questions you can, but, ensure the answers are in a written format.

2.    The property or apartment will be purchased from a builder, and hence it is important ensure that the builder has clear records. For the same, you might want to ask around, get in touch with the builder’s former clients, know if the project was delivered on time, and so on. In short, ensure the builder you plan to consider for new projects in Thane or any other city, is trustworthy. Builders like T Bhimjyani Realty, Piramal Realty, Lodha Group etc., are reputed names in the real estate industry.

3.    As a potential homebuyer, it is important you ask for the commencement certificate of the floor. This certificate plays a pivotal role in case the construction is not done on time. Say for example, if the apartment you booked for is on the 10th floor, but the construction is completed only till 5th floor, then asking for this certificate proves beneficial.

4.    Another vital aspect that cannot be neglected when investing in new residential projects in Thane and around is asking for the construction’s project drawing copy. This majorly includes duly stamped documents by the authorities, floor plan and so on. Apart from this, also check if the builder has the ownership of the land where the construction is going to take place.

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31Mar
By In under construction projects in Thane

What You Need to Know Before Investing in New Construction Projects

When it comes to buying a home, there are a lot of deliberations and decisions that one needs to make. First it begins with selecting the locality. Then you have to understand if there is scope for the locality to evolve in the future for your investment to prove profitable. If you are lucky enough to find a locality of your choice, you must decide whether you would prefer a ready-to-move-in apartment or one that is under-construction. If you’re planning to buy a home in Mumbai, it is advisable to opt for any of the under construction projects in Thane as they come with a host of lucrative benefits. Here are some aspects you should take under consideration to facilitate purchasing such properties.

Under construction homes tend to sell quickly

Several potential home-owners prefer to invest in an under construction project because there are many benefits of entering the real estate market before the project is completed. One of the major reasons is that these properties are affordable as compared to ready-to-move-in apartments. Besides, they work for the benefit of buyers who have no intention of moving in too quickly. In order to attract potential buyers, a builder or company will build either a model home or a sample flat and review the floor plans. This gives a clear idea to the buyer of what the home would look like.

Buyers get to choose the apartment of their choice

When it comes to a ready-to-move-in flat, you generally have a limited number of options such as the floor or the facing of the apartment. Sometimes you have to make a few compromises with a ready-to-move-in apartment, where you may not be able to dictate the terms of your requirement to the ex-owner. But with under-construction projects, if you enter the market early on, you can choose your floor, the apartment facade, and can even dictate terms for how you’d like your house modelled. Under construction projects in Thane are customizable if the builder has not yet begun work on your apartment.

Early buyers get apartments at best rates

You will find a lot of dealers and companies tend to have this policy of “first come first serve”. So, if you fall into this category, you stand to get an apartment at lowest rates possible. An early investor can get a variety of discounts or reduced rates per square foot and so on. Some builders also provide early-bird investors with a few free items like DTH providers, geysers, club house memberships and other necessary amenities. You can grab this amazing opportunity when it comes to buying new residential projects in Thane. As the rates are much more affordable when a project is just commencing, you can make the most of the opportunities at hand.

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28Feb
By In new residential projects in Thane

The Advantages of Buying an Under Construction Project

Buying your own home is at once, the most exciting and the most anxiety-inducing experience. As the experience begins, you realize that there are so many factors to consider, that you may not have thought of. One question that baffles most ‘first-time property owners’ is whether to purchase a property that is under construction or to opt for a ready-to-move-in home. You have to think about the location you’d prefer, whether the neighbourhood is viable, and about the space that your family would need among several other things. If you’re considering purchasing a home in Mumbai, might we suggest you take in account the Thane locality? There are several under construction projects in Thane that will help potential home-owners find their dream home.

Under-Construction v/s ready-to-move-in apartments

Most first time owners are averse to purchasing pre-owned homes. Factors such as the age of the building, its condition or its market rates, may serve as a hindrance. Furthermore, the pros of purchasing an under-construction property; out-weight those of opting for a ready-to-move in property. There are several advantages associated with investing in new projects in Thane and around. One of the greatest benefits is that it is affordable as compared to ready-to-move-in apartments. Apart from this, you as a buyer can design and customise the unit as you want. Other than this, when you invest in an under-construction project, you do not have to think much about repairs for years.

Know the benefits in detail:

Better and wider choices

New residential projects in Thane, offer you have a host of options to choose from, since the locality is known for establishing one spectacular project after another. You can visit several sites to get an idea of the project under construction before you finalize a property. You will find the market is flooded with new and upcoming projects from top builders like T Bhimjyani Realty, Lodha Group, Piramal Realty etc. You can choose the site that best meets your requirements and preferences. Apart from this, you can even choose the floor and the apartment per your preferences.

Make payments with ease

Another benefit of investing in an under-construction project is that you can make the payment with complete ease. As it is under construction, there is no hurry to pay the whole amount at one go. A lot of builders and real estate companies tend to ask their clients to deposit the money in phases. The maximum amount needs to be deposited at the time of possession.

How to choose an under-construction property?

•    Do a thorough background check of the builder before signing on the dotted line
•    Ensure the builder has a clean record in delivering projects.
•    Examine the paperwork and ask questions if you have any.

Now that you are aware of the benefits of investing in an under-construction projects what will you choose?

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24Jan
By In new residential projects in Thane

5 tips to Maximize Gains on an Under-Construction Properties

In this day and age of 7 digit monthly pay-packages and low rates of interest on home loans, it has become easier to fulfill the dream of becoming a home owner. And if want to purchase a home in Mumbai with a spacious bedrooms, higher floors with spectacular garden views and beautiful patios, you can consider the new residential projects in Thane. You may be tempted to invest into a property if the realtor is offering lucrative schemes and additional discounts and might want to make the most of the opportunity. But the smart thing to do is to purchase a property that is under construction as opposed to one which is ready. The under construction projects in Thane are a fantastic option that you can consider. When you buy such a property you must consider the aspects that can help maximize gains on your under-construction property. Here’s what you should do.

Begin by asking the right questions

Before taking out a huge loan, you need to ask yourself if you have any other investments and the average return you are getting on them. Also ask yourself why you choose an under-construction property that can take a couple of years before it is ready for occupation. Consider the loan amount viz a viz other monthly expenses and see if it is worth it.

Make your negotiations clear at the very beginning

The first step is to negotiate a deal with the builder or the real estate company on the premium and floor-rise facing rates. If possible, you may even strike a bargain. If this aspect does not work, you might want to consider coming down 4/5 floors in order to save some lacs. This works great when you decide to sell your apartment in the later years.

Research about lenders who’ve approved the property

Do not forget to check which lenders have approved the property, especially the apartment and floor that you have chosen. Approach the banker or mortgage advisor directly instead of asking the builder as he may not necessarily have accurate knowledge of the status. Your payment may get stuck if your property is not approved.

Ensure that the CC for the floor you choose is received

New residential projects in Thane are known for high-rise floors.  You will also have to check if Commencement Certificate or CC has been received on the tower, phase and floor. You should know that banks or financial institutions do not disburse loans if the CC is not in place.

Opt for restructured payment schedules as opposed to a standard one

You can consider restructuring your payment schedule instead of sticking to a standard one. Always consider a schedule that meets your requirements. This further helps in avoiding any interest-bearing borrowings like loans from parents, banks and relatives.

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24Dec
By In under construction projects in Thane

New Construction Projects – 3 Things Home Buyer Needs to Know About

As a buyer, you are bound to get confused when it comes to buying a house. There are a number of factors that need to be considered. While you are searching for an apartment, you have two options to choose from – you can choose a ready-to-move-in property or one that is under construction. As a home buyer, you need to be really careful when making a purchase. After all, it is a long-term investment and should be done with care. With the ever-increasing under construction projects in Thane, it has become easier for buyers to make a purchase.

However, before you make a purchase, you are bound to wonder whether investing in an under-construction property is a good option. Here are some factors worth considering.

Under construction homes tend to get sold quickly

Not many know this, but a builder already has both, the sales process, and the construction mapped out. In short, it means the builders or real estate companies try selling the houses or apartment as quickly as possible. In fact, a lot of buyers prefer investing in under construction or new projects in Thane and around, for they are affordable. Besides, they work for the benefit of individuals who do not plan to move-in anytime soon. To attract potential buyers, a builder will build a model or sample flat and review the floor plans, fixtures and finishes so that buyers can get an idea of what their new home would look like.

Early buyers get apartments at best rates

You will find many real estate companies that want to get some homes under contract. In fact, announcing the same to potential buyers ensures it as desirable to future homebuyers. As the flats are just ready, real estate companies tend to offer them at best rates. You can grab this opportunity if you are buying new residential projects in Thane for investment purposes. As the rates are affordable, you can make the most with the new or under residential construction projects.

Buyers get to choose the apartment of their choice

A lot of buyers have to settle for apartments that are available. However, it is the not the same with new or under construction projects. As it is an under-construction property you can choose the floor and the apartment of your choice and have it finalized in your legal deed. However, ensure the apartment you have chosen is not already booked. As a buyer, do not forget to inspect the whole construction site before making the purchase.

These are some of the vital things every home buyer needs to know about if you wish to invest in under construction projects in Thane or around.

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26Nov
By In new residential projects in Thane

Thane Real Estate Market: An overview

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

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

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

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

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

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

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18Sep
By In new residential projects in Thane, under construction projects in Thane

4 Tips for Safe Investment on Under Construction Projects

Buying a home is quite a lengthy process. It requires a lot of research, consideration of budget, amenities and more. In short, it is a big step and requires a lot of preparation. When talking about buying a house, a lot of homebuyers tend to get confused between ready-to-move-in the house or under construction. Both of them offers pros and cons. Well, it is under construction properties that attract a lot of homebuyers for end number of reasons. However, you should also know that it is quite a risky affair for there might be a delay in possession and more.

Considering this factor, here are some aspects you need to keep in mind when planning to invest in under construction projects in Thane and around:

1. Bank Approval

When it comes to buying a house, a lot of buyers tend to rely on home loans for the purchase. In such a case, it is of paramount importance to know the project has received approval from the bank. This further makes the whole process of availing and applying for loans easy and hassle-free.

2. Check the Legal Status

You cannot just rely on the under or new construction in Thane and around just because it is reputable. As a potential homebuyer, it is your duty to do a complete background check as far as the legal status of the property is concerned. You can ask the builder for the legal status of the construction, just to be sure. Ensure the ownership of the property. Apart from this, also ask for the legal report on the construction to ensure it is on paper.

3. Payment of Booking Amount

This is one aspect you should not neglect on. Now that you have paid the booking amount ensure you ask for the receipt. There is every possibility the developer is fraud and to avoid misuse of your money, ask for a receipt. Do not forget to ask for an allotment letter which has all the details about the property and the money.

4. Get the Possession Letter

Always remember that the purchased house is not yours unless you get the possession letter. Once the construction of the property is completed, you are advised to ask for a possession letter from the constructor or real estate company.

All these aspects are well taken care of by reliable and reputable real estate companies offering new residential projects in Thane and around. Besides, ask your builder for building plan, commencement certificate, layout duly approved by the authority, development and sale agreement and so on.

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31Aug
By In new construction in Thane, new projects in thane, under construction projects in Thane

What to Know Before Investing in Under Construction Projects

You will find a lot of homebuying advice is often aimed at people planning to buy a ready-to-move-in apartment. However, what if the buyer wants to invest in an under-construction house or property? How will you know whether the house you are buying meets your needs and preferences? Buying an under-construction house definitely, offers a number of amazing options. It majorly includes flooring options, floor plan, how you want the cabinets in the kitchen to be and so on. However, it also calls for some additional challenges, including knowing how reputable and reliable your builder is. Before you finalise on the new construction in Thane or around, it is wise you do your study on the complex.

Here are some of the major aspects a buyer needs to do when investing or buying an under-construction property:

Check the Builder

The first step towards investing in an under-construction or upcoming apartment or property is knowing how reputable the builder is. Ensure the builder or company you are hiring is in this business for years. To ensure you are hiring a reputable company, read some reviews posted online, or ask around for some feedback. Talking with former clients is a great way to get all the details needed to make an informed decision.

Understand Your Floor Plan

For a person who is buying a house for the first time, it is of paramount importance to understand the floor plan which majorly consists of room sizes. If you are new in this, then do carry a measuring tape. A lot of real estate companies now offer the option of virtual reality technology for under construction projects in Thane and around. This lets you understand and see what will be built.

Get A Home Inspection

A lot of homebuyers often make the mistake of not doing a home inspection before finalising a deal. If you think your new house does not need inspection, then you are wrong. It is wise to get an independent inspection done before you close the deal. A professional home inspector can easily identify the problems, whether minor or major before a builder’s warranty expires.

Choose Square Footage Over Upgrades

Another major aspect one needs to consider when investing in an under construction and new projects in Thane and around is to think about how you plan to spend your limited budget. Say, for example, if you have to choose between the fourth bedroom and granite countertops, you are advised to go for an extra bedroom. The reason for the same is because adding an extra bedroom can get expensive later on. In short, go for square footage over upgrades.

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16Sep
By In 2 BHK flats in Thane

How to Shortlist a Property – Factors You Need to Keep in Mind

Buying a property is not easy as it seems to be, especially during the time when you have a myriad of choices to pick from. It is always advised to go for the property that has adequate basic facilities like water, power and more. You also need to do the necessary checks before finalising on a project. Connectivity solutions, the price of the property, infrastructure and so on are some aspects one need to keep in mind before shortlisting a property. Well, to help you get started, mentioned below are some factors that one can consider before choosing a property or 2 BHK in Thane:

Builder Reputation

Not many buyers consider this as a vital aspect, but it can make or break your purchase. As a buyer, you need to examine the reputation of the builder by knowing its past and current projects. You also need to look at the delivery track record. You can get some good amount of knowledge through reviews and testimonials. Do read them before making a deal.

Lighting and Ventilation Solutions

Your living experience is highly determined by lighting and ventilation solutions. After all, you do need fresh air and light to survive! Ensure the house you choose gets good air flow and sufficient light.

lighting

Valuation of the Property

Not checking the value of the property is one of the major mistake buyers tend to make. Get in touch with expert property valuers, or you can do it yourself by crosschecking them online. Ensure the price quoted for the property matches the market value. You can also simplify this process by checking the rates of the similar properties or the new projects in Thane which has the same specifications.

Know the Amenities Offered

Ensure the property or the house you shortlist offers the needed amenities for your survival. Well, this majorly includes parking area in case you have a car or bike, power backup, water supply and more. One of the primary reason why you need to keep in mind this aspect is that fact it helps in increasing the resale value and potential. This works well especially if you plan to sell the property in the near future.

Quality of the Construction

It is vital that as a home buyer you check the quality of the construction. This includes the overall finishing and ensuring there is no difference from the original plan.

construction
Know the Maintenance Charges

Before shortlisting the property, it is highly recommended you to discuss the maintenance charges with the seller.

Cleanliness Tops the Chart

Not many buyers tend to focus on this aspect, but it is a vital one. Do ensure that the shortlisted 2 BHK in Thane or property is free from mosquito menace. Choosing a property with this problem will only create issues with your living experience leading to various health concerns.

These are some factors you should keep in mind when shortlisting a property.

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2Aug
By In 2.5 BHK flats in Thane, 3.5 BHK flats in Thane, Flats in Thane, Indoor amenities

Choosing the Right Bathroom Cabinet Idea for Maximum Storage

A bathroom vanity is not always the most glamorous part of a bathroom remodel, but choosing the right kind of vanity can make or break your bathroom’s design. If your vanity is placed awkwardly, uses poor or mismatched materials or does not have enough storage, the rest of your bathroom will suffer. A cluttered looking bathroom is certainly not something we would wish for. Today, most of the new projects in Thane and the under construction projects in Thane offer spacious and airy bathrooms, that if designed well, could be an advantage to you.

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