t bhimjyani neelkanth woods Archives - Blog - Real Estate News, Trends & Insights

13Feb

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.

12Nov

By userIn flats in Thane West

Thinking of Purchasing a Property in Thane- Consider These Features

Mumbai’s Thane locality once had the reputation of being far-removed from the city. Travelling to Thane was considered very hectic. Besides, it was always regarded as an industrial area known for its smoke-emitting factories that contributed to a lot of air and noise pollution. But in the mid 2000’s Thane began getting a face-lift when builders like Neelkanth Realty, Piramal Realty, Lodha Group etc., began recognizing the true-potential of this Mumbai neighbourhood. Thane’s 360 degree make-over resulted in the birth of an affordable locality, ideal for the perfect family life. If you are considering purchasing a home in Mumbai, make sure you consider a property for sale in Thane. Here’s why:

Realty developers have spotted a diamond in the rough: Thane was always treated by industrialists as the unwanted step-child until real estate companies began taking notice of its potential. Real estate builders like Neelkanth Group by T Bhimjyani Realty, Godrej Properties Limited, Rustomjee Constructions, Hiranandani Group etc., recognized the space value that Thane offered in the otherwise crowded Mumbai city and came up with several phenomenal and spacious residential projects. This also attracted the attention of Mumbai’s affluent folks who began investing in Thane.

Public travel facilities: Getting around in a big city like Mumbai, especially by local trains in the rush hour traffic can be an absolute nightmare. Thankfully, Thane serves as an originating and terminating station, which makes it easy for one to board and alight from trains. Furthermore, Thane railway station also serves as an important junction from where you can board out-station trains to most parts of the country. Besides the already available BEST buses to various parts of the city, the Thane Metro project is set to make travelling in and out of the neighbourhood even more convenient.

Thane is Mumbai’s new “it” neighbourhood: The popularity of Thane in the last decade has sky-rocketed. Thane has become the perfect place to hang out with your family and friends; whether you want to catch a movie at one of the numerous multiplexes, go fine-dining or just indulge in some good old retail therapy, Thane spoils you with innumerable options. The shopping malls in the neighbourhood house some of the most prominent national and international brands. You can opt to purchase flats for sale in Manpada, Ghodbunder, Majiwada, Thane West or any other Thane area and still be just a stone’s throw away from all the places where the action is happening.

Fantastic everyday amenities: Apart from shopping malls, fine-dining restaurants and entertainment centres, Thane is also home to some of the finest international schools and health care centres in Mumbai. It has become Mumbai’s Information Technology hub as well, with many corporates and businesses shifting base to Thane. Purchasing a property for sale in Thane and living here is ideal for working professionals with children and older parents as you get all the necessary facilities in the distance of a few kilometres.

31Oct

By userIn 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.

18Oct

By userIn 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.

22Sep

By userIn 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.

10Sep

By userIn NRI Property Investment

5 Things an NRI should know before investing in Indian Real Estate

In the last few years, the Indian Government has relaxed many laws pertaining to NRI investment in real estate. These new laws have made it easier for NRIs or non-resident Indians to purchase property in their mother-land. This has resulted in the popularity of the foreign investment market. However, there are a few things that NRIs ought to be aware of before they consider investing in India’s real estate market. These pointers may give Indian passport holders residing abroad the confidence to purchase a property while ensuring they do not break any government laws.

Type of property that can be purchased: NRIs are allowed to purchase, both residential as well as commercial properties. There is also no restriction on the number of properties NRIs can own. However, they cannot purchase agricultural lands, plantations or farmhouse. The only case in which an NRI can own agricultural land is if he/she receives it as a gift or as part of his inheritance.

Number of investments: An NRI is allowed to make any number of investments as there are no restrictions. The investment can be made on their own or with the help of a relative appointed as a power of attorney. For instance, the NRI can hand over his power of attorney to a relative to purchase more than one under construction projects in Thane, Mumbai, Delhi, Kolkata or any other city or town within India.

Availability of loans: While resident citizens find it extremely easy to procure a home loan from Indian finance companies, the same benefit is also extended to NRIs. Yes, NRIs can now easily avail housing loans like any normal resident Indian. However, the documentation process for loans offered to NRIs is quite different as that for resident citizens. You can find out all the details about the documentation process on the NRI corner tab of the lender as well as the realtor’s website.

The need to file returns: Whether you are an NRI or a resident citizen, if your annual income exceeds ₹2,50,000, you are expected to file income tax returns. For instance, say you rent out your NRI investment in real estate home to a resident Indian and are earning over ₹3,00,000 in annual rental income, then you fall under the tax payer’s slab.

Tax benefits: If an NRI chooses to purchase a home in India, he/she is entitled to all the tax benefits which are made available to resident citizens. NRIs can claim an annual tax deduction of up to ₹1,00,000 as per Section 80C of the Income Tax Act of 1961. NRIs are only taxed for the income earned or collected in India through rental income or any other salary earned in India and not on their foreign earnings.

You can get all the details pertaining to NRI investment in real estate on the NRI corner tab of the real estate company’s website.

23Jul

By userIn flats in Thane West

Investing in Property – Ensure You Check these Documents

Purchasing a property has always been a nerve-wracking task. The changing rates of real estate, new property tax rules and several other changes in the industry make it tough to both, purchase or sell a property. When it comes to the real estate industry, right documentation plays an important role. You must analyse all aspects of documentation before you invest in legal properties. The residential projects in Thane, Mumbai are hot properties in the current market. So if you intend to purchase a home here, ensure you check these documents.

Sale Deed: It is the main legal document which serves as the proof of sale and the transfer of ownership from the seller to the buyer. It should be mandatorily registered and the buyer should check the terms and conditions thoroughly before the sale is executed.

Mother Deed: Regarded as the parent document, it traces the origin ownership from the start, in case the property was owned by different owners, over different periods of time. It helps the further sale of the property and establishes new ownership. In case of new properties like Neelkanth Woods in Thane by Neelkanth Realty, you do not need a mother deed.

Building approval plan: The jurisdiction under which the area falls, sanctions a building approval plan, without which a builder cannot legally construct the building. These plans are sanctioned based on zonal classification, floor area ratio, plot depth etc.

Commencement certificate: In case of under construction properties, the builders must acquire a commencement certificate from the local authorities after the site is inspected. This document states that the projects fulfils the necessary criteria and allows the builder to commence construction, failing which he must pay due penalties.

Completion Certificate: This certificate is issued by the municipal authorities and it denotes that the building has complied with all its rules such as the height of the building, the distance from the road etc. and that it is constructed as per approved plans.

Occupancy certificate: The builder must submit the occupancy certificate issued by municipal authorities after the construction is completed. This is issued after the local agencies inspect the premises, marking it a safe sale. Make sure you ask for your occupancy certificate after buying flats for sale in Thane.

Tax Receipt: Ensure you ask your builder for the legal tax receipt. Failure to present one can authorize the government to impose a certain percentage of penalties every month on the buyer.

Power or Attorney: Another important document, a new owner can choose to nominate a trusted power of attorney which gives the latter the right to preside over the property matters (purchase or sale) in the absence of the owner.

Purchase Agreement: This document should include everything you were promised by the builder and allows you to hold the builder legally accountable in case of any discrepancies. Thane builders like Neelkanth Group, Lodha Group, Piramal Group etc. have great track records for honouring verbally made commitments in their purchase agreements.

20Jul

By userIn 3.5 BHK flats in Thane

4 Things That Make Thane Real Estate Special

It has been quite a while now that the Mumbai neighbourhood of Thane has piqued the interest of the real estate market. More and more consumers of real estate are shifting their focus from Mumbai’s main-stream vicinities and investing in the Thane Realty Market. And why shouldn’t they? After all, the area has become a force to be reckoned with! Thane has become home to some of the most luxurious yet affordable residential complexes with the finest infrastructure and the best of modern amenities. Let’s find out why purchasing a 2, 2.5 or 3 BHK in Thane is a smart investment.

The arrival of luxurious residential complexes: Since 2016, the Thane Real estate market, especially for residential complexes, has witnessed a huge demand among customers. Whether it is an under-construction property or a ready-to-move-in property, there has been a huge demand among investors. Areas such as Thane West, Manpada, Majiwada, Kapurbawdi, Ghodbunder Road etc., are coming up with 1-4 BHK flats. 3 BHK flats in Manpada are especially are highly in demand. These residential complexes come with a host of amenities that include play areas for children, relaxation areas for senior citizens, party halls, sports arenas, spa facilities, mini-theatres and so on.

An option for the every type of buyer: People on a limited budget can afford homes at prices as low as ₹3,000 – ₹4000 sq. feet in Thane East. The Thane West locality is certainly emerging as the more profitable of the two, making it a worthwhile investment. Despite being double in rates as per square feet area, investors are happy to purchase 3.5 BHK flats in Thane West by builders like Lodha Group, Piramal Realty, T Bhimjyani Realty, Hiranandani Constructions etc., because the area is one of the prime real estate markets in the city today.

The rental market of Thane: For people in the commercial business, Thane localities like Ghodbunder Road, Majiwada, Manpada, have shown a high growth in rental income in a span of under 3 years. Investing in other Thane West regions like Kolshet Road and Kavesar has also proved to be fruitful. Even people on lower budgets who have invested in the rental market in Thane East areas like Kalwa, Patlipada and Badlapur East have earned great returns on their investment.

The innumerable pros of living in Thane: Easy commute to other parts of Mumbai is a guarantee you can get when live in Thane. The entire region is well-connected to central and western suburbs as well as Navi Mumbai. In comparison to the East, the western part of Thane certainly has better amenities, so it does make sense to invest in a 1, 2, 3 or 3.5 BHK flats in Manpada, Ghodbunder Road or other Thane West localities. The area is also buzzing with educational and health care institutions, entertainment hubs, shopping malls and super markets.

15Jul

By userIn neelkanth woods olivia

Thane Real Estate – Live in Luxury at Affordable Rates

In a city like Mumbai, living in a luxurious, spacious home is nothing short of a dream. Unfortunately only the rich have always had the luxury of living in sprawling spaces and super-spacious flats in this dream city. But ever since the real estate of Mumbai’s Thane region developed, the common man has been able to purchase homes on easy loans in several luxurious properties in this Mumbai neighbourhood. Properties like Paramount by Kalpataru, Neelkanth Woods Olivia by T Bhimjyani Realty and Urbania by Rustomjee Builders are touted as Thane’s most luxurious, yet affordable residential complexes. Let’s find out a little more about them.

Paramount by Kalpataru: Located in Kapurbawdi, Paramount by Kalpataru is one of the most lavish residential apartment complexes in Thane. This urban oasis situated in the heart of the city, offers a fantastic configuration of 530 and 670 sq. feet 2 BHKs. This RERA approved project comes with several highlights such as its location close to the city’s art centres such as shopping complexes, multiplexes and several other conveniences, keeping its residents close to the city at all times. External amenities include open landscape spaces, recreational facilities, multi-purpose sports garden as well as kids and senior citizens’ area. Furthermore there are spa facilities, party halls, aerobics areas and more.

Neelkanth Woods by TBhimjyani Realty: Situated in one of Thane’s most popular locality, Neelkanth Woods Thane is located in the Manpada neighbourhood and is the project is called Neelkanth Woods Olivia. Another RERA approved project, Neelkanth Woods’ high rise building with spacious 866 sq. feet 2.5 BHKs flats in Thane, 1100 sq. feet 3 BHKs and 1258 sq. feet 3.5 BHKs are designed keeping in mind that the Indian joint family can enjoy the best of comfort and luxury. What makes this residential project even more special is that you can enjoy the bounty of nature while still living close to every necessary convenience. With a host of fantastic amenities like a landscaped garden, separate kids and adults swimming pools, a fully equipped gym, a yoga and meditation centre, a mini theatre, a badminton and squash court, a library and a spa, Neelkanth Woods Manpada makes for a dream home.

Urbania by Rustomjee Builders: A luxury property situated in Majiwada, Thane. Urbania by Rustomjee Builders is one of the most thoughtfully designed townships. Urabnia offers 2 and 3 BHK flats of different sizes beginning with 1135 sq. feet all the way to 1735 sq. feet. The project boasts of best in class amenities for every family. Perhaps its biggest advantage is its proximity to the Eastern Express Highway. This project is RERA approved. The highlights of the project include its commercial and retail spaces, a fire station, a multi-sports arena, a kids’ play area, a relaxation area for senior citizens, a barbecue corner, a multi-purpose hall for parties and functions, El Fresco dining area and an amphitheatre.

8Jul

By userIn NRI investment

Thane – A Growing Mumbai Hub That has the Rich Intrigued

In the last few years, the Mumbai neighbourhood of Thane has flourished and how! Gone are the days when Thane was considered the last option for home-buyers who could afford homes on a tiny budget. Today, Thane is regarded as one of the most happening parts of the city of dreams with some of the best infrastructure and amenities. This phenomenon has not escaped the rich of Mumbai who are investing in several under construction projects in Thane, whether it is in the residential or commercial space. Here’s why this mini-city has been receiving a lot of attention lately.

The vast land bank: There was a time when Thane mainly consisted of factories and industrial estates. The smoke-emitting industries kept investors at bay because there didn’t seem any scope for a return on investment. But with the factories shutting down and the industries ceasing operations, developers like Lodha Group, T Bhimjyani Realty and Piramal Realty took over the land, began new construction in Thane and converted it into expansive residential and commercial complexes. With factories paving way for new projects, the availability of this vast land with potential became evident.

Employment opportunities: Thane is one of those prime areas of Mumbai, which is coming up with several offices. Many companies prefer to have a base in Thane because they have to pay considerably low rents for bigger spaces which can accommodate several employees. This also makes it easier for the locals to find employment opportunities in this area. Tata Consultancy Services is a great example of a multinational corporation which has leased 2 million square feet area in Thane, opening doors for employment. Besides several IT companies are also moving to Thane making it the Silicon Valley of Mumbai.

Good prospects for growth: Land availability, great connectivity due to metro projects and state of the art infrastructure, together have raised an interest among local and NRI investors. In fact NRI investment in real estate in Thane is at an all-time high. Areas like Ghodbunder Road, Kasarvadali, Majiwada etc., boast of the best schools and health care facilities. They are also known for their commercial projects like shopping malls and multiplexes.

Great properties at lower rates: Despite the boom in Thane with its fantastic growth prospects and superior quality of infrastructure, Thane continues to remain much more affordable when compared to other posh localities of Mumbai like Colaba, Nepean Sea Road, Juhu or Bandra. It is one of the few Mumbai localities which boast of everything from fantastic green cover and lakes to top-notch educational and health care facilities, where you can purchase spacious, affordable homes.

All these factors make investing in Thane a very smart decision. Both locals and NRIs must give a serious thought to investing in a project or a property in Thane as the area holds great prospects for development. NRIs can find more information about the same on the NRI corner of the website of the builder.