Best Time To Buy a Flat! Houses in Mumbai & Navi-Mumbai More Affordable Now Than in 2010

Residential property sales in Mumbai, Navi Mumbai & Pune are witnessing some recovery with an increase in sales seen during September & October. The Maharashtra government’s move to cut stamp duty on property registration for a limited period has started yielding results as developers see a large number of homebuyers coming back to the market.

According to a recent survey, 68% of homebuyers believe that it is the best time to buy a home as property prices have been constant for a few years, home loan interest rates are low and many builders are offering great discounts says many aspiring homebuyers. With most professionals working from home with greater time at their disposal, they have the much-needed time to do the preliminary research. 59% consumers stated that they would prefer to live in an apartment society over an independent house as societies offer more luxury & amenities. This action of home buyers is been led by the reduction of the stamp duty in the region and RBI decision to reduce risk on home loans, while the existing home loan rates are at the lowest in a decade, makes it a favorable time for homebuyers planning to invest .

“Homebuyers are responding to the strong stimulus of reduction of stamp duty from 12% to 5% and it has led to a significant fillip to sales,” says the industry experts. There has been a 7-10% increase in serious enquiries finally leading to sales, post the stamp duty reduction. “This is very likely to increase over the next couple of months, since buyers are aware that this facility comes with a deadline”.

Best time to buy a flat! Houses in Mumbai – Navi-Mumbai more affordable now than in 2010

Residential property sales in Mumbai, Navi Mumbai & Pune are witnessing some recovery with an increase in sales seen during September & October. The Maharashtra government’s move to cut stamp duty on property registration for a limited period has started yielding results as developers see a large number of homebuyers coming back to the market.

According to a recent survey, 68% of homebuyers believe that it is the best time to buy a home as property prices have been constant for a few years, home loan interest rates are low and many builders are offering great discounts says many aspiring homebuyers. With most professionals working from home with greater time at their disposal, they have the much-needed time to do the preliminary research. 59% consumers stated that they would prefer to live in an apartment society over an independent house as societies offer more luxury & amenities. This action of home buyers is been led by the reduction of the stamp duty in the region and RBI decision to reduce risk on home loans, while the existing home loan rates are at the lowest in a decade, makes it a favorable time for homebuyers planning to invest.

“Homebuyers are responding to the strong stimulus of reduction of stamp duty from 12% to 5% and it has led to a significant fillip to sales,” says the industry experts. There has been a 7-10% increase in serious enquiries finally leading to sales, post the stamp duty reduction. “This is very likely to increase over the next couple of months, since buyers are aware that this facility comes with a deadline”.

Why Buying House is More Convenient in this Pandemic?

When an unexpected pandemic spells natural disaster for everyone in the world no business is spared. Today if you plan to start house hunting for yourself or for investment purpose it is more convenient than before and also, it’s a buyers’ market and most important of all you still maintain the social distancing norms which was never earlier. Or be more flexible on process

More time for research

During this time when you are looking for home you have ample of time to look for good properties and zero down on few. You could also ask your friends for developers’ recommendation and check out their credentials in website and online reviews.

Now May Be Right move

Buying a house specially today when the region is under pandemic can have its benefits.

1. There might be fewer house pursuers during this time for site visit as people are scared to venture out or visit a site hence there would be less buyers in the market.
2. The realtors may also be more flexible to sell sellers may be more motivated to sell or more flexible on price.

Virtual Home Viewing

In this COVID-19 pandemic, one can take heart and still view the right house for you from your own home, whenever it is convenient for you. The developers are posting virtual tours of properties for sale on their websites and various social media platforms.

One can also attend an open house session with the developer with a click of the mouse and ask relevant questions, chat with them, clear your doubts and make an online payment.

The social distance norms are maintained it’s easy it’s convenient. During these challenging times, there is still much you can achieve in your pursuit to find your dream home.

New Norms Of Real Estate Post COVID-19 Pandemic

COVID-19 pandemic in India has caused tremendous loss to almost every Industries but it has also brought new business dynamics the way the life and business will run hence forth. There is a saying that in every adversity there is a possible opportunity. The same has been a boon to many and specially the real estate industry.

Adaptability and Sustainability  
The way transaction is done now by keeping social distancing and following the norms as set by the government.  Our habits have definitely changed and we are experiencing a new world altogether. The adaptability of every business needs to change and transform real fast. Companies will have to think more creatively for sustaining their business.

Unlocking the Blockchain
This pandemic has bought a sea change in which the real estate has been preview by the owners and the retail customers. Earlier the customer use to call and enquiry about the property he would like to invest in, then site visit etc. which would be very time consuming for both of them.

Ease of busines and Creating Value
But now the blockchain has been unlocked where in the customer is served the projects details through online mode, zoom meeting, podcast are the norms now.  The project is explained on these platforms and any query is answered by marketing personal. A wiki Map / Walkthrough , webinar is shown/conducted about the projects online only. Even if the person is not satisfied, he can visit the site while once again maintaining social distancing and ease of doing business thus saving on time for the developer as well as the customer.

The Current Demand in Real Estate
Currently there is more than 50% demand post Covid unlock in the month of April as owning a house was always priority now with Post Covid competitive price levels set by the developers the demand is coming up in residential sector. There is a surge of serious enquires in the market for residential flats as site visits conversion ratio have increased and gradually the market is picking up in metros and in suburbs too.

Conclusion:
Due to this Covid-19 pandemic we have been enforced us to adopt doing business online which have truly impact everybody in the block chain and gradually one would settle down and set a new inclination about doing business.  These new norms / habits have created intuitive minds and innovative business opportunities. Today it is within us we change and adapt to the new norms and create a value for everyone.

Why Navi-Mumbai is Preferred Location to Buy Property

Navi Mumbai is a beautiful city in Thane district to the Northeast of Mumbai. Numerous inhabitants moved into Navi Mumbai. Navi Mumbai is isolated from the island of Mumbai by the Arabian sea and from Thane city by the Thane rivulet.

 

With land costs shooting up in Mumbai, it isn’t amazing that a portion of the interest has been moved to the more moderate township of Navi Mumbai, which is a passage point to the city. It is the following best choice for Mumbai, as it is growing quickly as a business and urban region. The township gives off an impression of being the favored area of new settlers looking for work. It has calmed Mumbai of quite a bit of its populace related weights in the course of recent years by attracting groups to its reasonable neighborhoods. The expense of a 2 BHK apartment in a well-created neighborhood in Navi Mumbai could cost between INR 50 – 75 lakhs, while a comparative property inside Mumbai could cost twice to such an extent.

 

Its ongoing advancement

 

The City and Industrial Development Corporation’s (CIDCO) late choice to change over 875 sections of land, which was prior saved for government ventures, into private plots in Navi Mumbai, is one of the primary components for the township’s freshly discovered fame. The privatization of the land has prompted its advancement as a neighborhood in the course of recent years.

 

The development of Navi Mumbai International Airport

 

In 2014, CIDCO proposed the development of a global air terminal in the Kopar-Panvel territory of Navi Mumbai. It has dispensed 1000 sections of land to restore those uprooted by the undertaking. CIDCO additionally declared the improvement of another township-Navi Mumbai Airport Influence Notified Area (NAINA), near the air terminal, on 3000 sections of land.

 

The development of the worldwide air terminal has made openings for work, bringing about countless laborers settling in the township. The development has additionally expedited the improvement of Navi Mumbai as far as its framework and style.

The advancement of SEZs

 

CIDCO has additionally been concentrating on the improvement of SEZs at Dronagiri, Ulwe, and Kalamboli in Navi Mumbai. These zones have been grown broadly with a unique spotlight on their availability by means of rail, street, air, and ocean. The setting up of multi administrations like BPOs, ITES and Financial administrations is likewise a need in the region. This advancement has permitted Navi Mumbai to stretch out its arms to youthful experts, a considerable lot of whom have settled in the suburb’s moderate regions.

 

The proposition of the Mumbai Trans Harbor Link

 

The express government’s proposition to manufacture a 22 KM expressway connecting Mumbai with Navi Mumbai is another significant explanation behind the township’s prominence. The Mumbai Trans Harbor Link, which is as yet anticipating endorsement, would make Navi Mumbai effectively available to the clamoring city of Mumbai. The road, on culmination, would be India’s longest ocean connect.

 

Lower contamination

 

Aside from giving less expensive lodging than Mumbai, Navi Mumbai additionally takes the cake with regards to cleanliness and greenery. It was positioned twelfth among 73 urban areas studied for tidiness and cleanliness by the Union Ministry of Urban Development and the Quality Council of India. As on account of other metro urban communities, contamination has been the most exceedingly awful side-effect of Mumbai’s prospering populace. Navi Mumbai, with its new local locations and business parts, can help take a portion of the heap off Mumbai. The satellite city has been grown carefully, with well-arranged seepage frameworks and sewage treatment plants.

Recreational offices

 

Navi Mumbai has likewise grown extensively in the zone of diversion. A few cafes, clubs and amusement parks have sprung up as of late, making it a fun choice for the individuals who live there, yet for Mumbaikars who need a break from the city.

 

Because of these elements, Navi Mumbai is never again only a satellite city on the edges of Mumbai-it is an expanding expansion of the clamoring city, and astute financial specialists have observed this. Before long, with the finish of its proposed undertakings, its costs will take off. It is a smart thought to put resources into its land now before its costs make up for lost time with those of the city’s focal zones.

 

 

Real Estate in Koparkhairane- Aashlesha

 

Koparkhairane is a well-planned and suburban residential township in the outskirts of Mumbai and in Navi Mumbai. It is a part of the many small villages that were developed by CIDCO as part of the developmental project for Navi Mumbai. This node of Navi Mumbai has mostly been built on reclaimed land and it is situated between Ghansoli and Turbhe on the Thane-Vashi railway line.

Today Koparkhairane has turned into a high profile residential locality witnessing demand for high-end rented accommodations.

Connectivity

This node has good connectivity to nearby Koparkhairane localities including Vashi, Nerul, Panvel, etc. Koparkhairane is connected by a strong network of both railways and roadways.

• Local trains are available from Thane to Vashi, Nerul and Panvel.
• BEST buses to Chembur, Sion, Dadar, Worli, Ghatkopar, Mulund, Powaiand Borivali.
• NMMT buses to Thane, Dombivli, Uran, Panvel, Mulund & Borivali.

 

Employment hubs

• Dhirubhai Ambani Knowledge City
• The Millennium Business Park
• MIDC area of Mahape.

Schools and Educational facilities

There are many well-known and reputed schools and colleges in Koparkhairane. Some of these include Terna High School, St Mary’s ICSE School,Dhirubhai Ambani International School, SVM English School, North Point School and ASP Convent English School.

 

Price trends in Koparkhairane

Prices trends in Koparkhairane for apartments have seen a 7% rise in the past few months. The proposed new international airport is expected to cause a price appreciation in the coming months. Average capital value in the locality ranges from Rs 8,800 to 11,080 per sq ft.

 

Reasons to invest in Koparkhairane

Coming from reputed builders, Aashlesha in Koparkhairane promise to be a good investment option for everyone in search of good property. The area offers properties for prospective buyers from all income groups as it has luxury and high-end residential apartments as well as good affordable housing options too.

REAL ESTATE IN KHARGHAR

Kharghar, one of the fourteen nodes of Navi Mumbai, has grown into a popular residential housing option for buyers. Covered by hills all around, Kharghar is a beautiful locality to live in, with well-designed roads, greenery all around and beautiful infrastructure, it is a modern residential township like no other.

Basically a residential township, there are commercial properties on the rise in Kharghar. The main shopping zones in Kharghar are More, Glomax Mall and D-Mart. Prominent educational institutions are the National Institute of Fashion Technology (NIFT) and ITM College. Tata Memorial Hospital and Om Navjeevan Hospital are two of the many hospitals in the locality.

Connectivity and Transit Points

Kharghar is well connected to other parts of Navi Mumbai, Mumbai and other cities in Maharashtra. Two major highways pass through the region.

Kharghar Railway Station lies on the Mumbai Suburban Network’s Harbour Line. Panvel is only 10 km from Kharghar. The nearest airport from Kharghar is the the upcoming Navi Mumbai airport will be just 6 km from Kharghar while Chhatrapati Shivaji International Airport is much farther at a distance of 35 km .

Major Landmarks

• 18-hole golf course

• ISKCON temple

• Central Park

The Central Park sprawls 80 hectares and has a jogger’s track, food courts, fountains, botanical gardens, amphitheater, theme parks and a conservatory.

Advantages

• Proximity to CBD–Belapur, Taloja and Mahape.

• Green surroundings ,State-of-the-art infrastructure, wide roads, water and drainage.

• Navi Mumbai International airport

• Proposed Navi Mumbai Metro rail

Commercial market trends

Kharghar initially had apartment projects which targeted the middle-income group, but now there are several projects targeting the high-income group. Many residential projects are scheduled for delivery/possession by 2017 and some by 2018. Moreover, the price point here suggests extremely high ROI .

Property Rates in Kharghar for Jan-Mar 2017

• Price Range–(Rs6,464-Rs9,919./Sq-ft)

• Average Price (Rs.8,191/Sq-ft)

REAL ESTATE IN ULWE

Ulwe, a node city of Navi Mumbai, is termed as “ The City Of the Future ”.

Ulwe is one of those localities that saw ample real estate development in the past four years. With the work getting started in the stalled airport project, people’s sentiments have become positive. As a result of which, residential properties in Ulwe are witnessing rising demand.

Not only buyers, small and big builders have also started showing interest in the area. It is an emerging location and projects are offering a wide range of apartments ranging from affordable to mid segment.

The Ulwe region is reaping the advantages of having two Special Economic Zones (SEZs). One of them, the Navi Mumbai SEZ (Waterfront) is completed, while work on the Navi Mumbai Airport has started.

Ulwe Node is strategically located across the Panvel Creek having a sound infrastructure with good connectivity to the Mumbai Highway, Palm Beach Road (12.8 km), CBD, VASHI, Seawoods- Nerul and Mumbai- Highway. Besides, the area has prominent schools, hospitals, shopping malls and hotels.

The future of real estate in Ulwe is quite promising leading to an increased demand for apartments and plots in ULWE. Investing in Ulwe is a great investment opportunity as the property prices are quite affordable here.

Most common attributed reasons for Ulwe’s development are:

• Easy access to developed nodes like Belapur, Seawoods & Vashi

• Proposed Navi Mumbai Airport

• Proposed Sewri – Nhava Link

• The SEZ in Ulwe

• Seawoods – Ulwe Link from Palm Beach Road

• Baman Dongri Railway Station connection to the Harbour Line

Property Rates in Ulwe Navi Mumbai

As per data with Magicbricks, the average capital values in Ulwe currently range from

Rs 5,115-7,101 per sq ft., with average Price of 6,108 per sq ft. for Jan-Mar 2017.

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Proviso Heights-Ulwe, Navi Mumbai

Every day we wish, we choose. We wish we can open the book that will open our mind to new dimensions towards life. We can start with something new or aspire for more that would bring sumptuousness and happiness. Proviso Heights presents you with a choice that will bring life, happiness and joy. It also provides an opportunity for those special ones, who are in search of wonderful living spaces with exceptional connectivity and amenities. These spaces are designed to meet perfection in a way it would satisfy your every day to day need.

Proviso Heights is a G+13 Storey Residential Cum-Commercial Project with Earthquake Resistant Structure and State-of-the-Art Amenities.It gives you secured environment, away from pollution and stress of suburbs and close to Mother nature.

It consists of 1BHK, 2BHK, 3BHK flats

Amenities
• Club House
• Air Conditioned Gym
• Swimming Pool
• Landscape Garden
• Gym, Yoga & Aerobics
• High speed Lifts
• Ample Car Parking space
• Power Backups
• Gazebo’s
• Vastu Compliant

 Location Features

• Proposed Karkopar railway station 3 to 4 minutes
• Proposaed Sewri-Nhava Trans Harbour – nearby
• Expressway connects Ulwe and C.B.D. Belapur – 3 to 4 minutes
• Palm Beach Road – 3 to 4 minute
• Closed proximity to Panvel – 10 to 15 minutes drive.
• 90 Mtr. road connecting to J.N.P.T.
• Uran – 20 minutes drive
• 15 minutes drive to Kharghar (Central Park, 18 hole golf course, Iskon temple & Bollywood Theme Park)
• Touching proposed School and playground
• Next to CIDCO mass housing society

  It is a completed project with ready possession flats.