15Jan
By In under construction projects in Thane

5 Advantages of Investing in Under Construction Properties

Off-plan or newly constructed property: which is better? This is a question that every investor mull over before making an informed decision. Buying a house is never easy. Although it may be an exciting milestone, it is a tedious task. The buyer has to be conscious of minute details like the design, number of rooms and the locality. When it comes to Mumbai, many real estate companies are slowly migrating to the new hub, Thane.

Over the years, Thane has outgrown to be the greener and scenic place. Precisely one can find high-end realtors such as T Bhimjyani, Lodha, Runwal, Piramal projects coming up at affordable rates.

One of the much-anticipated under construction projects in Thane is the T Bhimjyani’s Neelkanth Woods at Manpada. It is a culmination of nature and luxurious spaces, closer to the city’s essential amenities and offers world-class facilities to its investors.

Coming to the question between under construction and new-made property in Thane, the following points will explain why the former is ideal:

1)    Time saves dimes: Purchasing under constructed properties are cheaper before the completion stage. Meanwhile, ready to buy possessions are expensive. One almost spends 20 to 40 per cent more money on new construction properties. By investing in under constructed accommodation, the equated monthly installments (EMIs) of home loans shorten as the loan budget reduces considerably.

2)    Profit and more profit: Real estates are an excellent source of investment. When the investor purchases properties at the pre-possession stage, they can earn a substantial profit by selling them before the completion stage. Moreover, the additional benefit in some of the under construction projects in Thane is, buyers can modify the amenities/facilities as the builders have to foot the bill and not the buyer.

3)    Government support: The fear of loss of money is a thing of past, legally and literally. Thanks to the new Real Estate Regulatory Act (RERA), builders cannot fleece the buyer anymore. As per the Act’s directive, builders who do not comply with the deadline of the project, have to return the invested money along with interest to the buyer.

4)    Your home, your design: Most often ready to occupy accommodations leave the buyers disappointed as the design and architecture are not up to mark. While in under construction apartments, one can make changes as per their specifications or Vaastu to a certain extent.

5)    Investment authority: Before advertising or selling the property, builders have to register the project under RERA. Post-registration, builders have to upload the property related documents to RERA portal for the layman’s perusal. This keeps the buyers’ money secured and saves them from fraudulent activities. The investors can also monitor if the invested capital is getting rightly utilised in pre-possessed properties. If not, they can complain to RERA of the same.

Get the calculations straight before investing in under or new construction in Thane.

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11Nov
By In NRI Property Investment

Simple tips for NRIs looking to Invest in Indian Real Estate

Investing in real estate is considered one of the most lucrative and profitable investments one can make. With the ever-rising rates of properties, one can book a considerable profit by holding on to a property for just a short period of time. Ever since the Indian government has relaxed several real-estate related rules, such as the Real Estate (Regulation and Development) Act of 2016 and rules on pre-closing home loans, the real estate sector has begun to find more takers. In fact, Non Resident Indian or NRI investment in real estate has increased tremendously in the last few years. If you are an NRI looking to invest in the Indian real estate sector, here are some tips for you.

Begin by doing your research: The process of buying a home is a long and complicated one. You have to first do your homework. This simply means that you need to invest time in finding the right real estate company before you invest money in one of their projects. Start your NRI investments in real estate by considering the location of the property, whether it is newly constructed or under-construction, as well as the age of the property in case of older properties. You must also determine whether the real estate company will help you procure a home loan or if you need to find finance on your own.

Ensure you choose the right property and builder: It is important to consider real estate companies that have years of experience and client recommendations backing them. Let’s say you wish to invest in one of the under construction projects in Thane; in that case you must consider builders like T Bhimjyani Realty, Lodha Group, Piramal Group etc., who come with excellent client reviews and projects to their credit.

Consider the location: You must also consider the location where the project is being developed and the future value of the said location. For instance, if you are looking to purchase a property in Mumbai, you could consider the Thane neighbourhood. New construction in Thane in the last decade includes several commercial and residential projects with great amenities. You also get close assess to some of the most important civic facilities be it educational institutions, health-care institutions, shopping malls, entertainment centres etc. All these facilities directly contribute to the rise of the value of your property, since property rates increase as the area continues to develop.

Read up information pertaining to NRI investments: Every real estate company has a special section of their website dedicated to answering questions pertaining to NRI investments. This is known as the NRI corner. The section answers some of the most basic questions about NRI investment in India such as who qualifies as an NRI, POI (Person of Indian Origin) and OCI (Overseas Citizen in India). Other FAQs answered in this section include eligibility, regulations, documentation, taxation etc. The section also provides details about financials and loans for NRIs and repatriation funds.

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10Sep
By In 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.

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8Jul
By In 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.

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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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