Saturday 19 February 2022

A Deep Dive into the Real Estate Landscape of Dadar

While investing in a home location plays a key factor in the valuation of a property. But how is the real estate value of the location determined?


Every place comes with a tag of various parameters that adds to its estate value like demographics, interest rates, economy, government policies and subsidies. Especially when one is looking for ready-to-move-in or under-construction projects in Mumbai. The following factors contribute to its estimated value.

Flats in Mumbai are the most profitable in an investment portfolio, only if chosen carefully. One way to find out is to research the location based on certain attributes such as centrality, neighborhood, infrastructure, connectivity, future potential and plot location. With Mumbai being an extensive metropolis, an area that has proven potential in all the above attributes is Dadar.

Property in Dadar East specifically has upsurge in the real estate market owing to these following characteristics-

Dadar junction that interconnects the city

-       Real estate developers in Mumbai see the connectivity factor of Dadar as a great opportunity when setting up projects. Dadar is the busiest railway terminus in Mumbai. It lies on both the western and central lines of the suburban railway, making it a major transit point.

-          It is close to National Highway 3 (NH-3) which is just a few kilometers away from the Bandra-Worli Sea Link.

-          The Mumbai International Airport is situated at a distance of 15.5 km from Dadar and takes less than 30 minutes to reach by road.

-          Dadar is close to many commercial hubs such as Bandra-Kurla Complex and Nariman Point, both of which can be accessed in less than 30 minutes by road.

Dadar in Mumbai has been a popular choice of premium homebuyers for all the right reasons.  This region has experienced consistent real estate attraction despite market fluctuations. Dadar is often referred to as India’s first planned suburb with residential clusters. Currently, Dadar is garnering high demand rising luxury segment for luxury homeowners. Dadar being the oldest residential sector of Mumbai offers the distinction of having an address in a coveted prime area, yet fairly posh at the same times, having the conveniences of an affable social infrastructure and fast transit routes. Dadar is considered as hub for real estate investment.

A strategic infrastructure for easy access to quality fundamentals

 

Dadar is planned to be prominent station on Line 1 of the Monorail project connecting major parts of Mumbai. The coastal road project, which is also in the works, will improve the connectivity of the Locality. The three interchanges along the coastal road, Amarsons Garden, Haji ali and Worli seaface, will put prominent business districts such as Bandra Kurla Complex, Prabhadevi and Nariman Point at arm’s length from Dadar

-          Dadar has many well-known institutions such as the Institute of Hotel Management-IHMCTAN Mumbai and Veermata Jijabai Technological Institute. ST. Paul’s and L Poddar high School take care of the educational needs of the residents of Dadar.

-           Apart from that, Dadar has many other social infrastructures such as the Mahatma Gandhi Olympic Swimming Pool and Shivaji Park.

-          Dadar is also home to Mumbai’s oldest bridge, the Lokmanya Tilak Bridge as well as the Plaza movie theatre.

-          There are several other hospitals, malls, and religious institutions in Dadar as well.

-          Also, you get to see many residential areas in Dadar such as the Dadar Parsi Colony, Hindu Colony, Shardashram Society, and so on.

A humble abode that redefines luxury in Dadar

As Dadar city has proved to provide a quality standard of living, the expectations of premium projects ensued as well. The cluster for luxury properties in Mumbai is concentrated in South Mumbai, however, the cost of living subjugates the investment of flats in Mumbai.

Dadar has a reasonable outlay as compared to other places, thus a luxury property in Dadar East is a cost-effective investment with an assured ROI

Bombay Realty is an esteemed name in the real estate market that has implemented an ambitious project that provides luxury apartments in Mumbai. Island City Center towers stand tall at the heart of Dadar city exemplifying the status quo.

The 59 and 65 storeyed towers of One ICC and Two ICC respectively offer configurations of between 1611-2488 sq ft of carpet area on specifications ranging from 3 and 4 BHK apartments equipped with international marble/wooden flooring, top international branded CP fittings, decor and modular kitchen.

A plethora of amenities occupies the complex with 45+ privileges for a spectrum of needs. Clubhouse, Gazebo Lounge, BBQ pits, welfare centre, mini theatre, multi-purpose lawn are some of the prominent amenities at ICC that provide an optimum living experience.

Instead of opting for under-construction projects in Mumbai which could have been delayed due to the pandemic, Bombay Realty is offering ready-to-move-in apartments that are lavish and secured.

An Affordable Living and Investing Option for Young Professionals

The millennials arrived at the scene of independent living or settling down in this past decade. This resulted in a significant change in the real estate landscape of Mumbai. The generation that was at the focal point of transition to the digital world, has to adapt to what has transpired in housing so far.

The living space is no longer defined by just families. There was a huge shift in the working and social structure of India since the late 1990s as the IT sector took over the industrial component of India. Such employment structure led to professionals exploring various housing arrangements such as live-in, multiple roommates, PGs, co-opting, bachelor pads, and many more.

While these arrangements brought a new wave of housing, the real estate market still couldn’t establish a stable base in Mumbai due to this increasing demand. And to add to the problem, the shortage of space posed another threat to the flickering price trend. To solve the housing crisis, MMRDA issued proposals to develop the nearing suburbs to accommodate a large margin of mid-income groups.

Two objectives accomplished were: first, these accommodations were an alternative to the city life for peaceful living, with convenient accessibility to the rest of the city.

The second pillar was providing economic resolutions for the inflated prices in Mumbai city. The housing prices in these suburbs are significantly lower than the plush areas, on a considerable carpet area.

One such suburb that has been developed with real estate as the primary focus is Badlapur. Affordable housing is the USP of this city.

Features of Badlapur Real Estate

Badlapur is the green haven amidst the concrete landscape of Mumbai.

-          The connectivity of Badlapur to the rest of the city via the Mumbai Suburban Railway Network is the key factor for the property in Badlapur.

-          An extrinsic factor is the tranquility one experiences in the quiet and fresh atmosphere.

-          To facilitate convenient living for the growing population, quality fundamental services like schools, hospitals, and shopping centres are incorporated in the vicinity.

-          Several proposed plans for the extension of Metro lines and road connections to Badlapur have further enhanced demands for flats in Badlapur.

-          Badlapur is also a cost-effective investment as it has capped on the maximum prices of 1 BHK and 2 BHK flats in Badlapur. this suffices the need for permanent residences but within budget.

-          Another aspect of this market is the speculative future of Badlapur. Investors are betting on the upgrades in the upcoming years, that would enhance the value of property in Badlapur.

Affordable Segment in Badlapur

As stated earlier, millennials had a hard time venturing into real estate investment due to the lack of a feasible price structure.

~As a first home buyer, the 1 BHK flats in Badlapur East are conducive options not only as an investment but also on the spacious rooms that come with the price.

~Moreover, the hybrid work model has awarded the freedom to choose a space according to one’s preference. People who are employed in the Thane-Kalyan-Ulhasnagar areas prefer to stay in Badlapur on sharing basis. For such arrangements, the expense per person for 2 BHK flats in Badlapur East comes down to the cost of less than a 1 BHK flat in Badlapur.

~From strictly investment POV:  the average price in Badlapur was Rs.3,987 per sq. ft for Oct-Dec’ 2021– which is less than 1/3rd of the northern suburbs like Dahisar. This implies how cost-efficient your investment can be in long term, given that the overall trend for flats in Badlapur is on a gradual uptick. Buy 1 BHK flats in Badlapur East at reasonable rates to sell at higher prices in the next 10-15 years for the best ROI.

~National Real Estate Development Council or NAREDCO has launched Ambernath-Badlapur Unit in 2021. This has helped in constructing over 10000 affordable housing units undertaken by 100+ members. All these projects are registered under MahaRERA, which ensures quality essential supplies in even a 1 BHK flat in Badlapur.

How is the Union budget’2022 helping new homebuyers?

When you invest in any asset, a long-term capital gain (LTCG) tax of 10% is levied with an additional surcharge. This surcharge varies for equities and shares from 10-15%, but on the housing property, this surcharge tax peaked up to 37% in 2021.

In this budget, the Finance Minister has made a modification on a surcharge for all assets, capping it at 15%.

Simply put, you have to pay only an additional 15% on LTCG surplus when you own a property.

This expense is quite smaller when corresponding to the affordable 1 BHK flats in Badlapur East.

A project that has redefined Badlapur Estate

Aryan One is a flagship project in Badlapur that offers 1 BHK, 2 BHK, and 2.5 BHK Flats & Apartments in Badlapur East.

So what is the allure of this project?

Well, imagine waking up to a green panoramic view from your apartment that is ventilated by the high AQI fresh air. That’s exactly what you get from these 1 BHK luxury flats in Badlapur, starting just at INR 28 lacs.

With this package, you get a plethora of quality amenities like a swimming pool, gym, and a ready clubhouse that includes meditation, games, yoga, music rooms. There are open spaces to relish with a Sky Garden and coffee lounge, and the luscious greenery simply adds to the luxurious living experience– a perfect deal for young professionals.

Read More - 5 Factors That Have Enhanced the Significance of Badlapur

Thursday 10 February 2022

Some of the Best Spaces for Setting up a Business in Pune

 

While Mumbai is the finance capital of India, inclusivity has been a major factor that is not yet been tackled in the commercial space. It is a tricky arrangement for SMEs and startups with the soaring property rates, rental tax, GST on TDS(tax deducted at income source), and many other compliances that become huge liabilities over time.

Not to embrace the despair, several entrepreneurs have shifted their base to more cost-effective cities that are also in proximity to major industrial zones like Mumbai, Delhi, Bangalore, and Ahmedabad. One city that has emerged as the auxiliary and self-sufficient commercial zone in Pune.

Apart from being the IT equivalent of cities, Pune has encouraged various startups owing to the technological landscape. E-commerce, service, retail, and innovation– every sector has an influential market in Pune. With such a broad spectrum of networks, entrepreneurs can access these quid-pro-quo benefits. Moreover, the reasonable property value h

All these accounted for, here are a few areas that offer the best commercial office space for sale in Pune :

Kasarwadi, Pimpri-Chinchwad

Pimpri-Chinchwad tops the list of industrial parcels in Pune, ever since PCMC had undertaken this city to build an infrastructure that integrates work-life balance. The commercial connects one can avail in this area are stretched far, owing to the impeccable connectivity with the rest of the city.

Gera’ Imperium Gateway is a dedicated commercial property for sale in Pimpri Chinchwad. You get a comprehensive directory of contacts with several IT companies located in the vicinity. The entire complex is equipped with intelligent features to ensure streamlined operations for your business.

Hadapsar

After the industrial boom in the 1990s, Hadapsar was at the focal point of renovation to assimilate this growing sector. Within a few decades, Hadapsar is now the foreground of three Special Economic Zones (SEZs) – Amanora Park Town, Magarpatta, and SP Infocity. With SEZs, your company can benefit from the economic regulations, and avail advantages at discounted rates. Such zones also attract Foreign Direct Investment (FDI), which can produce strong international relationships.

Hinjewadi

This suburb needs no introduction other than Hinjewadi IT Park which has changed the identity of Pune. Any company that is under the tech sector can reap financial gains owing to the established market, networking, and a robust infrastructure to accommodate companies of any size.

 

Several developers offer office space for sale in Pune to encourage more companies to join this expansive network.

3, 4 BHK Flats & Villas in Bavdhan - Gera's Isle Royal, Pune

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Luxury Real Estate in the heart of Hitech City

 

Take a thorough glance around as you speed through today's fast-paced lifestyle. Your hobbies have evolved, your family has increased, and your life has changed dramatically. But somewhere in the backseat of this change, there's a spot that's crammed every single change you've noticed into its nooks and crannies. The location we all call home.

According to us, home is no longer only a location where you live. It's an important aspect of who you are and the lifestyle you choose; the puzzle piece that allows you to  live your life in any way you want. As a result, the house you buy should truly comprehend you. Each dwelling at Aurobindo Realty's Kohinoor continues to achieve the same. The 3 BHK flats for sale in Hyderabad exemplify convenience, uniqueness with a fine touch of contemporary living. Expansive homes, cutting-edge amenities, and elegant community living have all been meticulously designed to complement your fine taste and meet the ever-changing needs of your modern lifestyle. Hunting for some of the best real estate builders in Hyderabad? Read on:

Creating the city's best address

When a good site has the appropriate balance of centrality, connectivity, and a developing neighborhood, it often evolves into a prospective address. So, in order to make Kohinoor the city's ultimate hallmark of living, we decided to marry them all.

Fostering a pleasant living environment for everyone

Large living areas necessitate festivities that are larger than life. Our magnificent floor plans perfectly complement every little memory you create, whether it's a romantic dinner on New Year's Eve or a kid's birthday celebration. Each square foot in our exclusive community pours grandeur and elegance that is elegantly compressed into these 3 BHK flats for sale in Hyderabad, from the bright living room to a spacious balcony; from the luxurious furnishings to the trendy bedrooms.

Getting in touch with nature's goodness

We recognize that engaging with nature should be as simple and painless as possible. However, modern lives and urban cityscapes have made it significantly more difficult to live a healthy lifestyle. Keeping this in mind, we've meticulously designed every component of our opulent community to ensure that you're always in tune with nature.

No effort is spent in making each addition to our elegant gated community a memorable one. Aurobindo Realty, one of the best real estate builders in Hyderabad, has embarked on the next phase of its mission to make Kohinoor the most sought-after destination.

 

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