T Bhimjyani Archives - Page 2 of 2 - Blog - Real Estate News, Trends & Insights

18Jun

Top 3 Thane Localities to Invest in

Finding an affordable home in one of Mumbai’s posh localities is like searching for a needle in a haystack. Finding a home, that is both affordable and close to great infrastructure and facilities is almost impossible. You have to compromise on one of the two factors. This was the story of Mumbai for the longest time, until one-day, Mumbai’s Thane locality received a major makeover. Today, Thane has gone from being the ignored middle child to the over-achieving neighbourhood kid everyone boasts of knowing. If you are considering buying 1, 2, 3 or 3.5 BHK flats in Thane, you can find great properties in the following localities.

Ghodbunder Road: The Ghodbunder Road locality is one of the fastest emerging localities of Thane, thanks to the availability of educational and health care facilities, great public transportation facilities and several hubs of entertainment close by. In the past few years, people have been investing in this locality, not only for its great infrastructure and facilities, but also because it offers rapid connectivity to Mumbai’s Eastern and Western Express Highways, which reduces travel time by hours. Furthermore, the area has seen speedy development in the real estate sector, particularly in residential projects.

Manpada, Thane West: A former industrial area, Thane West is now transforming into a posh Mumbai locality with real estate companies like Godrej Properties, Piramal Realty, T Bhimjyani Realty and Hiranandani Developers, setting up 1, 2, 3 and 3.5 BHK flats in Manpada and other upmarket localities like as Kasarvadavali, Dhokali, Anand Nagar, Azad Nagar. Thane’s western side has seen a great boom in real estate in the last decade or so. You can ensure comfort and financial security for your family by purchasing 3 BHK flats in Manpada. Despite this, Thane West remains considerably affordable for real estate investment.

Majiwada: Majiwada is one of the oldest Thane localities, which is also reasonably affordable. It is just a few minutes away from the Eastern Express Highway, which allows you to travel from one end of the city to the other in record time. Besides, Majiwada is also close to the Thane Railway station, from where you can get easy access for out-station travel. This Thane locality is home to several residential complexes, coming up with 1, 2, and 3 BHK flats in Thane. Everything you need to get by, from supermarkets to mega malls is in close vicinity.

19May

By userIn 3 BHK flats in Thane

The new face of Thane – Why the Mumbai locality has become a hot-spot for home investment

The crème de la crème of Mumbai, have, for decades purchased land in uber-rich areas of Mumbai like Cuffe Parade, Hill Road and Juhu. But in the last five years or so, the often under-rated area of Thane, has become a hot property. In fact, according to a report, Thane has become one of the top 20 cities in the world in which the affluent are investing their wealth. Real estate developers in Thane are being sought by investors who are convinced that Thane is the new face of Mumbai. So what has caused Thane to become a Mumbai hot-spot?

Thane as an IT hub: Most information technology companies in the urban areas of Mumbai have shifted base to Thane, giving it the reputation of an emerging technology and service industry hub. The reason for this is simple; the rents in Thane are lower and the properties, larger in size. Companies prefer to pay a rent for a bigger working space as opposed to smaller spaces in the posh areas of the city.

Superior quality infrastructure: Purchasing 1, 2 or 3 bhk flats in Thane areas like Ghorbunder Road, Manpada, Kasarvadavali and Majiwada give you access to good national and international schools. There are also good healthcare facilities available on demand, as well as premium malls. Besides these, travelling in and out of Thane has also become convenient, thanks to the local transport network and well-designed bus routes.

Industries and factories have closed down: Thane was once known for its industrial units and factories. It has now paved the way for premium real estate projects. With the closing of these industrial units and factories, the stench emitted from the factories and the air-pollution is no longer a nuisance. In fact, if you purchase a property for sale in Thane, you are looking at living in an area with wonderful lakes and gardens.

Lower prices make properties desirable: Unlike those posh areas of Bandra, Colaba, Nepean Sea Road or Juhu, purchasing flats in Thane, is so much more economic. The lower price factor, coupled with all the modern amenities in place, makes purchasing a flat in Thane, a worth-while investment. Purchasing a property here does not hamper your bank balance, as compared to the posh areas where you must pay excessive amounts. Thane is truly a great alternative for property investment.

The emergence of the real estate industry: With Thane emerging as one of the better areas in Mumbai to live in, several high-profile real estate developers in Thane and Mumbai, such as Hiranandani Constructions, Godrej Properties, T Bhimjyani Realty, Runwal Builders, Piramal Realty and Rustomjee builders have started projects in the city. In Manpada and Ghorbunder, Neelkanth Woods Thane by T Bhimjyani Realty has become a premier property to consider.

6May

By userIn 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

2May

By userIn neelkanth woods olivia

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.

14Apr

By userIn NRI Property Investment

Keep these Aspects in Mind If you are Planning to Take NRI Home Loans

Owning a home is perhaps the biggest dream of the working class man. People toil for years to save enough money to be able to afford a down-payment into a place they can call their home. Some even leave the country to improve their prospects of owning a home, buy finding means to earn in countries with stronger currencies. Such individuals are called NRIs. Due to high conversion rates in foreign currencies, NRIs can save more and have a secure place to call their home when they return to their motherland. There is a huge scope for NRI investment in real estate in India. NRIs wishing to invest in a home in India must be aware of factors that make them eligible for a loan. Here is everything you need to know about procuring NRI home loans.

Type of NRI loans

If you are planning to invest in a property, then as an NRI you might want to consider applying for home loans. It majorly includes:

•   Upgrading an existing property
•   Property under construction
•   Construction of property on the land already owned
•   Ready to move in property

Loan Amount Can Be Availed

NRI loan amount is decided on a number of factors. It majorly includes income of the NRI, which should be consistent and steady. Besides, Gross Monthly Income is also taken into consideration. This further helps in deciding on the Monthly Equated Income or EMI. As the name suggests, an NRI has to pay on a monthly basis with certain amount as interest. Get in touch with banks and financial institutions for every agency tends to have different eligibility criteria.

Home Loan Tenure and Rate of Interest

It is vital to know that an NRI can avail home loan for a limited period of time. Say for example, 5 – 15 years. The extension for the nri property investment in india is dependent on the bank’s decision. The bank exercises its discretion regarding loan extension. However, for whatever reasons, if the bank does not comply, the loan must be repaid in the pre-decided, stipulated period. It is vital to know that the rate of interests on NRI home loan is high. So, seek expert help in case of any queries.

Documents Needed

To facilitate easy and hassle-free loan disbursals, NRIs must provide the following documents, as requested by the bank.

1.   Passport Copies
2.   Employment contract
3.   Salary Slips
4.   Valid work visa and permit
5.   Bank statements in NRO and NRE accounts

These are some factors every NRI planning to invest in Indian real estate with the help of home loan should be aware of. Go through the nri corner on the bank’s or realtor’s website or for more details.

9Apr

By userIn 3.5 BHK flats in Thane

Why Homebuyers Prefer 3 BHK in Thane?

Big, spacious, affordable; these are the three words described by potential home-owners on the look-out for a new home. It is especially true of families where three generations of people reside under the same roof. But bigger homes, usually come with a bigger price tag, making it a distant dream for many, especially if they are living in a city like Mumbai, where property rates kiss the skies with every passing day. If you are an aspiring home-owner with the dream of owning a home in Mumbai, look no further than Thane. You can purchase the most plush and comfortable 3 bhk flats in Thane, in budgets that can easily fit your pockets. Here’s why purchasing a 3BHK apartment in Thane is a great idea.

Great for Large Families

In a city like Mumbai, where living in cramped spaces has become a reality, people don’t have enough privacy. People live in homes where living rooms are converted into bedroom when it is time to call it a night. They sleep on sofa-cum beds instead of a proper bedroom. But with a 3 BHK apartment in an area like Thane, every family member can have their own nook to retire into. The fact that you will spend the same amount on a 3BHK in Thane as you would on a 1 BHK in areas like Juhu, Bandra or Colaba, makes Thane an attractive city.

Not Much of a Price Difference

A lot of people are of the view that 3.5 bhk flats in Thane are expensive. However, there is not really much of a difference in price between a 2 BHK and 3 BHK apartments in Thane. There is a marginal difference, which is why people prefer to purchase a 3 BHK over 2 BHK. After all, both homebuyers and investors are ready to shell out a little bit more for luxury, comfort and space. This has further led to a number of real estate companies offering flats by keeping a marginal cost difference.

Great for Investment

Apart from providing additional comfort and space, a 3 bhk flat in Thane is affordable too. People who have no intention to shift to Thane can still invest in these apartments. With Thane being a futuristic city, it serves as a perfect investment option, as the rates of apartments are bound to increase. Since bigger apartments fetch higher rental incomes too, investing in them is definitely a better idea.

A Strategic Location

Thane is home to the finest, most luxurious real-estate residential and commercial complexes. It has emerged as a hub with tremendous opportunities for shopping and entertainment, besides also housing some of the finest educational and health care facilities in the city. Thane has also emerged as a location where top companies are setting up shop. The apartment rates are reasonable as compared to other Mumbai locations.

25Mar

By userIn NRI investment

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.

10Mar

By userIn 2.5 BHK flats in Thane

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.

18Mar

By userIn Real Estate Companies in Mumbai

Decide your next Property Purchase Based on the Infrastructure Growth

Real estate is always considered to be a lucrative investment solution. One of the major reasons for the same is because the prices are likely to go up that come down. This is one of the major reason why individuals prefer investing in the properties. There are a number of factors that needs consideration when planning to invest in a property. Above all else, it is important to inspect the surrounding infrastructure for better living. This is one reason why t bhimjyani offers flats and apartments in some of the top locations that have its infrastructure in place.

The real estate market drives home buyers and investors only in a developed area. This actually helps in increasing the value of living. It is definitely a fact that infrastructure does play a prominent role in driving buyers. When talking about infrastructure, it can be in any form, whether road development, social or civic development. As buyers are keen on investing in the properties that has developed infrastructure, builders and real estate companies too are taking advantage by coming up with projects in some of the developed areas.

Mentioned is a guideline for both homebuyers as well as investors:

• The infrastructure of the location does play an important part as it tends to be a major focus for buyers and investors. Builders and real estate companies aim at attracting end users either as a purchase or rental customer. The real estate experts very well know that an area lacking infrastructure would attract no attention and hence offer properties in developed areas.

• Another reason why buyers should focus on the location’s infrastructure is that it ensures the selling price in the near future would be great. Just as you want to invest in a property that has everything in place, so does other buyers.

• It is of paramount importance for the buyers to not neglect the significance of infrastructure of the place. No matter whether you are investing in 2 BHK or 3BHK flats in Thane or around, ensure it has great infrastructure. It majorly includes water supply, electricity, rail connectivity, transport solutions and so on.

• Real estate companies like T Bhimjyani Realty Private Limited understand this aspect and offer upcoming and existing projects in developed locations only. It ensures you get everything in place from transport solutions, hospitals, schools to even shopping outlets.

• Location infrastructure should be essential if you are buying the property whether for rental or personal use purpose. After all, people who are looking for rented apartments tend to also look for better and improved infrastructure.

All these aspects clearly state that buyers and investors should pay attention to the growth of infrastructure when investing in a property.