31Oct

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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23Jul

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.

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20Jul

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.

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15Jul

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.

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8Jul

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.

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2Jul

Buying a Flat in Thane – Pick One Of These Real Estate Companies

In India, everyone dreams of owning a home in a Mumbai city. Despite its relatively smaller homes and sky-high buildings, people aspire to purchase homes in Mumbai, knowing fully well that their investment will yield great returns sooner or later. After all, the real-estate rates in Mumbai are forever increasing. Yet, there is a suburb in Mumbai which is coming up with great residential projects at affordable rates. We’re talking about Thane. Smart investors looking to purchase a flat in Thane should choose from one of these four real estate companies.

Piramal Realty: The Piramal Group made its entry into the India real estate market in the 1990s with real estate projects in the retail and commercial sectors. It is only recently that this company began focusing on the residential sector and has already made a mark when it comes to providing architecturally innovative homes that suit the life-style of their customers. The USP of Piramal Realty is that unlike other projects in Mumbai, customers can get 1400 and 2000 sq. feet homes all with modern amenities.

T Bhimjyani Realty: Known particularly for their Neelkanth Woods Olivia project in Thane, T Bhimjyani is one of the most sought after realty companies in Thane. The realty giant is known for its affordable and spacious 2 and 3 BHK homes with 866 to 1261 square feet carpet area respectively, in high rise buildings. T Bhimjyani Realty has made a mark in real estate in Thane West. Aside from helping customers get financing from various banks, the company also provides world class amenities with its projects such as gymnasium, swimming pool, club house, a play area for children, and rain water harvesting.

Wadhwa Group: One of the premier real estate companies in Mumbai, Wadhwa Group has been in the real estate business for 5 decades and is known for its state of the art residential projects. The company is also associated with commercial and retail projects. Wadhwa group has constructed many residential projects in suburban and south Mumbai and is now focussing on Thane. Its flagship project in Thane’s Kapurbawdi area includes 2, 2.5., and 3 BHK flats starting at 697 sq. feet up-to 1600 sq. feet.

Shree Group of Companies: Having established themselves as one of the best realty companies in Mumbai’s metropolitan area, Shree Group has majorly developed residential projects and is known for using the highest quality materials in their buildings. The company has maintained its reputation consistently when it comes to providing all the modern amenities required by customers and has also been rated highly on the customer satisfaction scale. This real estate company in Thane and has launched a project for 2BHKs with a floor area of 970 sq. feet.

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2May

Buying a House in Mumbai – A guide to taking the right steps

One of the most over-whelming feelings one can ever have is when they set out to purchase their dream home. There is so much to think about. Do you want to buy a brand-new property or an existing one? Do you want a home that is ready-to-move in or one that is under construction? Will you be able to afford it? Making these decisions is no easy task. Here are a few things you must remember when you become a home-owner, or are planning to become a home owner in Mumbai.

Take your time to decide: Buying a home in Mumbai is really expensive. You must find your potential property and figure out what you expect from your locality in terms of amenities offered, specifications and features. Next, you must tour the properties and see which ones fulfil your needs and whether they suit your budget. If you have really set your mind on becoming a home-owner in Mumbai, you could consider buying a property for sale in Thane, one of Mumbai’s poshest localities in the making.

Find the right realtor: It is important to find, not only the right agent but also the right realtor. You must look for established realtors who’ve set up prestigious projects along with the right agent with adequate knowledge about the locality you intend to live in. Also ensure you bring your negotiation skills to the fore. Buying a property for sale in Thane, as opposed to other parts of the city is a worthy option.

Read up about real-estate agencies and their projects: Make sure you do your home-work and find out about the best realtors in town. Realtors like Godrej Properties, Hiranandani Constructions, T Bhimjyani Realty and Piramal Realty are some of the best names in the business and have built properties in Thane, South Mumbai, Mumbai suburbs and other parts of the city. The Neelkanth Woods Olivia project by T Bhimjyani Realty in Thane is a great idea for investment.

Location is the key: Location is also a parameter you should have in mind before becoming a home-owner, after all your home remains your life-long asset. If you intend to put your home up for rent, you must find out if the area has the potential to bring you a decent rent. Also learn up the upcoming facilities and existing amenities that can get you a good return on investment when you intend to sell it. Real estate in Thane West, Andheri, Jogeshwari, Goregaon and Kandivali is on the rise right now with the latest infrastructure in place.

Being well informed is necessary: First-time buyers must ensure that they have familiarized themselves with the complete process of buying a home. Even if you have purchased a property before, it is advised that you read up or question your realtor about the changes in the real estate market. Ensure you get vital information about overhead charges like registration fees, stamp duty, property tax, brokerage, legal fees, etc.

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25Mar

Here are some Tips for Safe NRI Investing in Indian Real Estate

Real estate investment has come a long way. While many people think of it as a great source of added income, some people consider it as a great investment opportunity. Property investment is a lucrative solution for it offers great returns. When it comes to property investment, it is wise to invest in an immovable property as there is a huge scope for profit. If you are an NRI looking for some great investment options, investing in immovable property can prove to be a wise and profitable decision. NRI property investment is all about making right choices.

Here are some vital tips that help an NRI investor to make a wise choice.

Know the Purpose

As a Non-Resident, Indian or NRI, it is vital to be aware of the risks involved in investing in Indian real estate. Firstly, you should have a clear definition of your purpose of investment. Find out if investing in Indian real estate is profitable and learn why if it is. If you are looking for some great returns, then investing or buying real estate units in a developed area is highly recommended. Other than this, an NRI can even buy equity shares of the listed real estate companies.

Legal Title and Document Checks

For any NRI investment in real estate, ensure you exercise complete precision and care. It is of paramount importance to check the legality of the property. You definitely do not want to invite any legal trouble. To avoid any legal hassles, before investing, make sure you have received a confirmation from the current owner of the property and get all the details, and history about the property in question. Also speak to neighbours and find out if the land is in any sort of a legal dispute.

Location

There is no point in buying or investing in a property that is located in an isolated area. Location plays a major role in your investment and it makes sense to invest in an upcoming neighbourhood with great amenities, or an already established neighbourhood. Nonetheless, it is important to find out if the locality in which you are investing in, has scope for growth. A safe bet is to invest in a property that is located in a prime location. Apart from this, ensure you choose a property that has great infrastructure.

Reputation of Developer

A lot of homebuyers tend to neglect this aspect. Ensure the property you are investing or buying is done through a reputed real estate dealer or company like T Bhimjyani Realty, Lodha Group, Pirmal Realty etc. Ensure the dealer has a clean record, be it for timely possession and quality of the projects. You can get more details on the NRI corner tab on the realtor’s webpage.

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10Mar

Storage Solutions that work great for 2.5 BHK apartments

When it comes to buying an apartment, there are a number of factors that need to be considered. It majorly consists of location, facilities and most importantly, space. Space is one of the main concerns for homebuyers, especially in a city like Mumbai which is known for its match-box size apartments that cost a fortune. It is therefore difficult to find a home in Mumbai, where you can get adequate space without compromising on your budget. But there is still hope. If you have your heart set on Mumbai, you can consider purchasing a home in Thane. Buying a 2.5 BHK in Thane is a great investment option and is also ideal for raising your family. Here’s how you can make the most of your home space.

The space around your television

With the demise of CRT televisions and the advent of flat-screened televisions, you can save a lot of space simply by mounting your flat-screen television sets on the wall, whether it is in your living room or your bedroom. You can just drill a few holes and a flat stand to mount your digital set top box and use the remaining area as you please.

Open-storage rack for the kitchen

Nothing can be worse than having a cramped-up kitchen. To avoid the same, you can consider installing an open-storage rack for your kitchen. You can easily invest in a metal frame open storage rack if the cabinets are not enough to store the kitchen essentials in your 2 bhk flats in Thane. Apart from storing, you can also use these racks to showcase your decorative kitchen utensils and other such items.

Cupboard under the Stairs

If you are living in a duplex, you can make optimum use of the area under the staircase and use it as a comforable storage space. Just put up a hanging rod and hang a few clothes, or use it for storaging shoes and travel bags. You could also make it your grocery storage area, or a place where you can dump some pillows and matresses. There is a lot of scope to use that hollow area and convert it into something useful.

Bed Designs with Storage

Despite the fact that 2.5 bhk flats in Thane are spacious and comfortable, if you do not go about planning it well, you may face a space crunch. Buying a hydraulic bed is indeed helpful as it comes with a two-part storage space; one where you can dump your extra pillows and mattresses, and a second, compartmentalized space where you can store your bags, shoes, purses etc. Besides you can mount up some book shelves and cabinets instead of having full-fledged cupboards that take up a huge amount of space.

These are some of the storage solutions you can consider for your 2 or 2.5 BHK flats in Thane and around.

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8Feb

Real Estate Companies – All You Need to Know

The real estate market is a tricky business and having good knowledge about it is absolutely essential if you’re looking to invest in it. Whether you wish to invest in a property or purchase one, you must keep track of market conditions and base your decision, keeping some important factors in mind such as the amenities in the locality, its future and more importantly the reputation of the real estate company from whom you’re making the purchase. If you get confused in selecting properties, you can always rely on expert help, if needed. Only an expert can guide you through things like statistics, market value and other crucial factors. If you’re considering purchasing a property in Mumbai’s reputed Thane area, you can get in touch with a reputable real estate company in Thane to make a wise choice.

The market is flooded with a number of real estate companies all claiming to offer the best properties at reasonable rates. However, only few will show you the real face of the Indian real estate market.

T Bhimjyani Realty

T Bhimjyani Realty is one of the most sought-after real estate companies, to come up with some state-of-the art projects, dominating the Thane residential scene. This real estate agency, satisfying customers since 1978, has earned the reputation of fulfilling client requirements, honouring time-bound commitments and offering a great customer service experience. A real estate giant, T Bhimjyani, is also known for its reasonable rates and world-class amenities, making it a favourite of the Thane residents. The Neelkanth Woods project in Thane by T Bhimjiani stands in testimony of their masterful craftsmanship, professionalism and desire to give residents a comfortable home.

Lodha Group

Lodha Group is another real-estate agency that has made its mark in the real estate industry in Thane. They follow a simple vision – ‘Building a Better Life’. Lodha Group is a prestigious real estate agency that has constructed some of the most ambitions residential and commercial projects, validating their reputation in Mumbai. This real estate agency has also constructed projects in cities like Lonavala, Hyderabad, and even in London. The projects offered by them are great in every aspect, be it in terms of floor plan, amenities or location.

Kanakia Group

Kanakia Group is also regarded as a premier real estate company in Thane. Formally known as Kanakia Spaces Realty Pvt. Ltd, the company has been in the real estate business for over 30 years, building millions of square feet of commercial, residential and educational spaces. The USP of the company is their foreign-inspired homes that have found a lot of buyers.

Other prominent real estate agencies, who have built sky-high buildings in the Mumbai skyline, and are now making a mark in Thane include Piramal Realty, Godrej Properties and Hiranandani constructions.

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