Flats in Thane: Checklist to Keep in Mind

Over the past few years, Thane has emerged as one of the top places in Mumbai for property investment. No longer is it the same ‘Satellite City of Maharashtra.’ The city has witnessed tremendous development in recent years which has boosted its socioeconomic infrastructure and connectivity to the major parts of Mumbai by manifolds. Owing to this, the demand for housing in the city has surged as it has everything that one may need for a convenient living. So, if you are looking for a property in Thane, you can keep in mind the below-mentioned checklist:

Check the Location

It has a huge impact on the kind of experience you want to have. Make sure the locality is well-connected to all the important parts of the city and has all the essential facilities nearby such as hospitals, schools, grocery stores, and so on.

Inspect the Property in Person

Do not agree to put your hard-earned money on the face value of any property in Thane. Once you create a shortlist of flats in Thane, visit the properties to check things in person. During your inspection, do enquire about the amenities including security measures that have been promised on the paper and ask the builder to show the provisions they have made for the same.

Check the Hidden Costs

It is important to check the hidden costs involved to ascertain the fact that the property you want to go ahead with will not burn a hole in your pocket. Do not hesitate to ask if there are any other charges that you may have to pay during or after the transaction.

Enquire about the Maintenance Charges

Do pay heed to the maintenance charges which may include elevator charges, electricity bills of the common areas, water charges, property tax, municipal tax, parking charges, and so on. Asking about these charges is always a good idea to gauge the cost of living and affordability in the long run.

Builder’s Reputation

As an informed buyer, it is your responsibility to perform a background check on the builder’s reputation. For the same, check out the properties created by the builder and also check if there were any execution delays, complaints, or legal cases against the builder.

You don’t buy your dream home every now and then. Make sure you keep in mind the aforementioned points to be able to buy a good property in Thane.

What Makes Property in Kalyan So Desirable

A city in the Thane district of Maharashtra, Kalyan has emerged as one of the highly sought-after destinations for buying a property. There are multiple factors that contribute to the popularity of Kalyan as a desirable place for both real estate developers and property buyers.

This post mentions some of the factors that make property in Kalyan so desirable. Let’s take a glance at them:

Wide Range of Choices

The prices of the properties in Kalyan as compared to other prominent location in Mumbai is well within the budget of most individuals. No surprise if Kalyan attracts homebuyers from the middle-class and upper-middle-class. Besides, the area has a wide range of choices, so whether you want to check out affordable flats or luxury apartments in Kalyan, you are sure to find a suitable one on your budget. Plus, the rate of absorption is still not so high which means you are most likely to find your dream home within your budget here.

Socioeconomic Infrastructure

The city of Kalyan has undergone a tremendous amount of infrastructural development over the past few years which has significantly boosted socioeconomic infrastructure. Today, it is a major realty hotspot for real estate developers and property buyers. The location has got a fair share of educational institutes, shopping malls, hospitals, and markets which make it an ideal place to buy a property in Kalyan. 

Exceptional Connectivity

Speaking of the connectivity aspect, Kalyan is well-connected to all the important areas through wide roads, subways, and bridges. In detail, KDMT or Kalyan Dombivali Municipal Transport runs busses in the city, connecting it to the surrounding townships and villages. Apart from the busses, auto-rickshaws are frequently available to move from one point to another in the city. Also, work is in progress at many locations which includes a revamping of the Kalyan Junction, two monorail stretches, and a four-lane expressway. These will further boost the connectivity of this location.

So, these are the things that make buying a property in Kalyan so desirable.

4 Tips for Buying Properties in Noida

A prominent city in the national capital region (NCR), Noida is a highly preferred destination for homebuyers. Also deemed as India’s greenest city with over 50 per cent of green cover, Noida has everything that promises you a fulfilling and comfortable lifestyle. One of the best things about Noida is that it has no dearth of choices for properties. In fact, the average prices of properties in Noida are comparatively cheaper than other areas such as Gurgaon. No wonder why it attracts middle-class buyers a lot.

The post further mentions 4 important tips for buying properties in Noida. Let’s check them out:

A Plot or An Apartment

When it comes to buying properties in Noida or anywhere in India for that matter, property buyers often find themselves in the dilemma of whether they should go for a plot or an apartment. The decision depends on your requirements and goals. If you want to put your money to work to earn decent profits in future, then a plot of land would be a wise choice. However, if you need a place for living, then you can go for an apartment. Besides, there are pros and cons of both the options which you would definitely want to compare before investing your hard-earned money.

Developer’s Reputation

The next important thing is to do a background check on the developer’s reputation. Today, there are many unknown real estate developers or first-time builders in the market that are highly prone to execution delays. Besides, the prices of properties developed by such builders would be surprisingly low for the location. You need to be careful of such developers. Always go for a reputed developer like Godrej Properties Limited. You can check out Godrej Properties in Noida Extension from its official website.

Project’s Specifications

Go through the project specifications thoroughly. Gone are the days when small used to be beautiful. Not anymore, today. As buildings are going taller, it is important that you consider projects that are adjoining to a public park or have large open spaces for a better living experience.

The Rate of Absorption

Absorption is an important factor to consider when buying properties in Noida. For instance, areas like Noida Extension and Yamuna Expressway have a good number of inventories and the rate of absorption is slower which means homes in these areas are comparatively less costly than areas that have a limited number of units and the rate of absorption is quite higher.

So, these are some of the points that you need to keep in mind when it comes to buying properties in Noida. 

Factors That Make Buying a Property in Kalyan a Wise Choice

You don’t buy a home every now and then. Since it is one of the biggest financial decisions, you need to be double sure if the location you considering for your property purchase is suitable for your lifestyle. On that note, a city in the Thane district of Maharashtra, Kalyan is a destination that is emerging as one of the highly sought-after locations for buying affordable flats. 

The post mentions factors that you need to know before buying a property in Kalyan. Let’s take a glance at them:

Affordable Housing Options

As compared to several prime locations in Maharashtra, flats in Kalyan are quite affordable. Plus, the choices for flats are many. Here, one can easily find a suitable option in their budget. The only reason behind this price difference is the increased travel time to the city centre. So, in terms of affordability, the location of Kalyan is desirable.

Great Employment Prospects

Due to lower property rates and better land availability, the area Kalyan has become a preferred spot for many big brands and MNCs that have moved from Mumbai to this location. So, being the base of several big organisations, Kalyan has in store many great employment opportunities for deserving candidates.  

Great Connectivity

The inclusion of Kalyan in the Smart City Mission initiative by the government of India has further fuelled its growth and development. Over the years, it has gone through some major drastic changes that have boosted the infrastructure and transportation in the area. The proposed Bhiwandi-Kalyan corridor, metro line, and Virar-Alibaug will further enhance the connectivity aspect of the location.

Better Social Infrastructure

One of the perks of investing in a propertyin Kalyan is that it enjoys great social infrastructure that includes reputed educational institutions, recreational areas, grand malls, advanced sports complexes, and more. The city has got everything that you need to live a comfortable life.

So, these are some of the factors that make Kalyan quite a desirable location for buying a property.

Two Reasons Why Affordable Housing in Delhi is Attracting Homebuyers

The government of India introduced PMAY (Pradhan Mantri Awas Yojana) on June 25, 2015, with the vision to provide affordable housing to low/mid-income masses. Today, affordable housing accounts for over 35 per cent in terms of housing supply in the leading 7 cities in India, including Delhi. Having a place that you can call your own is a dream cherished by many Indians and affordable housing in Delhi and other such cities brings the opportunity to turn that dream into reality.

The post mentions two noteworthy reasons why affordable housing in Delhi is so desirable among homebuyers.

1.     The Involvement of Government

The concept of affordable housing is backed by the government and to encourage people to buy properties, it is even offering a generous subsidy on home loan interest rates. To pass on the benefits of affordable housing and help the government make PMAY a success, several real estate developers have developed residential properties under affordable housing in Delhi and other cities. Also, with the involvement of state governments, the price of such properties has been capped to them affordable to purchase. With PMAY, you are sure to get the best property investment opportunity in Delhi NCR. Check your eligibility criteria today.

2.     High Demand and Less Supply

Initially, the concept of affordable housing was surrounded by many misconceptions. However, with time, it turned out quite the opposite of what people were thinking, be it from the investment point of view, construction quality, or the kind of crowd it was supposed to attract. Due to stringent guidelines by the government to strictly comply with, affordable housing impressed on all such fronts. As a result, it led to a steep rise in the demand for properties, making it challenging for real estate developers to cater.

The capital city, Delhi attracts people from far and wide as it has better employment & education opportunities and socioeconomic infrastructure for a comfortable life. If buying a property under affordable housing in Delhi has been on your mind, now is the best time to go about it.