Projects in Navi Mumbai

Things to Consider When Buying a Property to Earn Rental Income

Having a second source of income is always beneficial for individuals. There are many ways to earn a passive income like through investments, rental income, and others. The most traditional way is earning rent through property investments. Many MumbaiKars or Mumbai wale are investing in the projects of real estate developers in Navi Mumbai to have non-stop flow of side income.

However, before buying a property to earn rental income, there are a few things to consider:

1.The 1% rule:

When buying an investment property, the buyer should at least get 1% of the property’s value as a return. Before deciding on a projects in Navi Mumbai, the buyer should check the existing rental income of the area and the likelihood of its increase in the near future. This evaluation will be helpful for buyers who rely on home loans to purchase the investment property.

2.Location:

Location is an important deciding factor when purchasing a rental property. A property in a strategic location or an upcoming location is more guaranteed to generate a considerable amount of rent. This condition is fulfilled if the buyer decides to buy a property in Navi Mumbai as it has the advantage of strategic location coupled with infrastructure growth that will generate employment opportunities.

3.Amenities:

Having a property with the amenities like children’s parks, the play areas, club houses and other recreational activities will help in increasing the rental income. People looking for a rental place are willing to pay more for these type of apartments. There are many Real Estate Developers in Navi Mumbai who offer these amenities at competitive prices that are beneficial for investment buyers.

4.Corpus:

When investing in rental property, the owner has to maintain a significant deposit to cover the expenses that might arise like repairs, makeover of the living room or the bedroom, wiring works and others. When subletting the apartment or individual house, the owner has to handover the house in a neat and working condition so as to justify the charge of the rent.

5.Know the returns:

If the buyer is only investing in the for the sake of investment only, then they should calculate the amount of passive income they can generate if the flat is given for rental. The property in Navi Mumbai has a great advantage in this regard due to its locational advantage and proximity to the bustling city of Mumbai and Pune.

6.Capital appreciation:

Capital appreciation is an essential aspect of rental investment. Navi Mumbai is now booming with rapid appreciation of its properties in the real estate market. The location and the upcoming developments will ensure a rise in the value of the properties across Taloja, Ulwe or Kharghar due to the rising need o housing that is lacking severely in Mumbai.

Looking for a property that fits the criteria above, is a good bet to increase passive income till the owner holds the property. Navi Mumbai is on its way to becoming a well-planned city with bustling life that are prerequisites for a good source of rental income.

builders in Navi Mumbai

Buying Property in Real Estate Projects of Navi Mumbai is a Good Investment?

Real estate investment is now on the rise thanks to the spearhead developments of the Indian real estate market. Just like all the metropolitan cities, Navi Mumbai is fast becoming a well-developed area with facilities and amenities rivaling the luxury developers of the world.

These are some of the reasons that makes the real estate of Navi Mumbai a good investment:

1.Less expensive:

Navi Mumbai is less costly when compared to Mumbai as it is also a quick commute from Navi Mumbai to Mumbai. The cost of the flat is quite less when compared to a property in the heart of Mumbai. There are many builders in Navi Mumbai who offer affordable housing with the same amenities that are also available in the city of Mumbai.

2.Availability:

The City and Industrial Development Corporation’s (CIDCO) has recently allotted more than 800 acres of land to be converted as residential property. This land is a gold mine for Real estate developers in Navi Mumbai to build stunning projects that offer world-class quality and amenities.

3.Special Economic Zone:

The City and Industrial Development Corporation’s (CIDCO) has been in the projects of establishing SEZs at Dronagiri, Ulwe, and Kalamboli in Navi Mumbai which is to be well-connected by road, rail, sea and air transport. The priority of this SEZ is to increase the participation of IT and financial services. The traffic from these employments can guarantee a rental income for buyers investing in projects in Navi Mumbai.

4.Navi Mumbai International Airport:

There is also the proposed construction of Navi Mumbai International airport along with plans for a new township, the Navi Mumbai Airport Influence Notified Area (NAINA), close to the airport, on 3000 acres of land. This construction will create job vacancies which in turn a reasonable raise for the property value which also makes it attractive for real estate developers in Navi Mumbai.

5.Lower pollution:

Navi Mumbai has been ranked 12th among 73 cities surveyed for cleanliness and hygiene by the Union Ministry of Urban Development and the Quality Council of India. Navi Mumbai area has taken significant actions to ensure a clean environment in harmony with commercialization, unlike Mumbai where pollution is a major problem. The city has been developed pedantically, with well-planned drainage systems and sewage treatment plants.

6.Social life:

Mumbai is well-known for its recreational facilities, and Navi Mumbai has also followed Mumbai’s suit. Navi Mumbai has well-planned recreational facilities for both old and the young to enjoy their life and at the same time giving the residents of Mumbai a break from their hectic schedule. The up and developing city is well profitable for people investing in a property in Navi Mumbai as it has all the facilities needed for all age groups.

Navi Mumbai is fast becoming a preferred choice for people who want to own a property in Mumbai, but away from the hustle and bustle of the chaotic city. Invest in Navi Mumbai today and reap the profits from your investments that will grow in time.

Real Estate Developers in Navi Mumbai

Five Security Features a Must Have in Your New Flats in Kharghar

When purchasing a new residential property with the real estate developers in Navi Mumbai, there are some important things, which an individual need to consider and the security of the flat tops that checklist. The security plays a very important part as it helps secure your loved ones and your home from intruders.

Here are some of the five security features you should have when purchasing a property in Navi Mumbai:

1. Location matters:

When looking for projects in Navi Mumbai, the buyer should pay attention to the location of the place where the proposed project is about to take place. The neighborhood should be safe and secure with a police station nearby and past thefts and other unsavory activities. Buying a property in a safe and secure location is the first and foremost security feature.

2. Security personnel:

Many projects in Navi Mumbai have security guards on the building when commencing and after finishing the project. One visit to the project lets you know how much security does the project have and the ensuing visits will let you know the efficiency of the security. If there is any lapse in the security, you must bring to the attention of the builders and have the issue sorted. Having an efficient security system is important when choosing a gated community project.

3. Doors, windows, and fire exit:

When planning to buy a property from Builders in Navi Mumbai, it is vital to check the quality of the doors, windows of the property. The buyer should also be apprised of the fire and emergency exits that come with the building. The door keys and windows are the essential items that are responsible for your home’s security.

4. Smoke detectors and fire alarm:

Having a working fire alarm and conducting fake drills is very important for gated communities and flat projects as it involves a lot of lives at stake. You should also know where are the fire exits are near your flat in case of fire.

5. Install your security system:

Decorating your house may seem to be of utmost importance but at the same time securing it is also very essential. Before shifting to the flat, make sure you have a reliable security system installed. There are many security systems available in the market, so pick the best system that secures your home and at the same time should fit your pocket. There are many wireless security systems that offer biometric access, fingerprint scanning, and video door call feature which lets the house owner to know who is on the other side of the door.

Having a good security system in place helps you breathe a sigh of relief and enjoy your time with your family. Many Real estate developers in Navi Mumbai offer their projects with a good and well-designed security system for their customers. So, start looking for a property in Navi Mumbai, that is not only well-equipped with amenities but also provides the needed security for you and loved ones.

Projects in Ulwe

Home Loan Tips For First Time Home Buyers Flats in Ulwe

Buying a home is a significant step in an individual’s life as it is their place where they get the happily ever after ending. Nowadays, the development of the Indian real estate has got many projects lining up around the country. In Navi Mumbai, there is a prominent development of Projects in Ulwe and other surrounding areas.

However, when buying a home for the first time through the course of the home loan, there are some points the individual needs to consider:

1.Plan your expenses:

When planning to buy a home, first the individual has to calculate their expenditure and the excess amount. Then figure the budget for your home. Once the budget is set, calculate the EMI’s. The result should not tax on your regular budget nor hinder your living expenses. It is an ideal position for the home buyers to have their EMI’s at 50% of their monthly income. This position is also favorable for bankers to grant the loan.

2.Get ready for down payment:

Bankers affront the up to 85% to 90% of the property value, and the buyers have to come up with the balance amount. The individual has to keep the amount ready from their personal finances so that the loan process as it speeds ups the loan process. However, if the individual has not planned well for the down payment, it can heavily land them in debt.

3.Know your loan eligibility:

When buying a home for the first time in Ulwe, the buyer should check his home loan eligibility. There are many online calculators available that will help the individual to check their loan eligibility. Being prepared for the amount of loan the buyer qualifies helps them avoid any nasty shocks later. The buyer can also make the proper preparations for the down payment.

4.Know the loan process:

Before availing the loan for Projects in Ulwe, the buyer has to know about the loan process, the required documents, the time taken for the procession of the loan, the bank’s area of scrutiny and the disbursement schedule of the loan. Knowing these particulars beforehand helps the buyer to plan their schedule as the home loan is an arduous process.

5.Credit Score:

This is the most important and necessary condition for first home buyers. When looking to purchase a property like Flats in Ulwe or flats in any part of the country, the buyer’s credit score plays an important role in the approval of the loan. The higher the credit score, the higher the chances of loan approval and disbursement of the higher loan amount. If the credit score is low, there is a high possibility that the loan will not be approved or it will be rejected altogether.

These are some of the tips that will help a home loan buyer to make the correct choice of the home when looking for Flats in Ulwe or projects in Ulwe. Buying a home is a very big step in a person’s life, so taking a proper and informed decision is always the best decision.

5 Basic Tips For Investing In Real Estate Property in Taloja

Taloja is one of the bustling areas of Real estate developers in Navi Mumbai . The real estate developers in Navi Mumbai are rapidly developing their residential property in Taloja. Taloja locality is quite close to hospitals, schools, and other amenities. It is also quite close to the proposed Alibaug Virar Highway. However, when investing in properties, the investor has to be knowledgeable about their decision and its consequences.

Here are some of the tips for investing in Real Estate property in Taloja :

1. Assessing the need :

The buyer should have a clear understanding of their requirements when searching for property In Taloja. Knowing the type of property, the amenities provided by the developer and the proximity of the basic needs are all important factors when zeroing in on the sale. There are many projects in Kharghar and projects in Ulwe that will satisfy the buyer’s condition. The amenities like Yoga centers, walking footpaths, toddler’s and kids play area, guest parking, sports ground, community halls, clubhouse, etc. are some of the features of a good residential project.

2. Locational Advantage :

When planning to invest in a property, the buyer has to pay attention to the location of the project. The location should be ideally nearby to public transportation, amenities like children’s play area, park, hospitals, schools, market and other factors. Projects in Navi Mumbai fulfill all these conditions which makes it a suitable investment for the buyer.

3. Know the developer’s credentials :

When looking for flats in Ulwe or for Flats in Kharghar, it is essential to check the developer’s credential before buying the property. The developer must have acquired the proper approvals of RERA and from the local municipality to embark on the project. The buyer should also check the track record of handing over the property by the developer before investing.

4. Know the returns :

If the buyer is only investing in the Taloja projects for the sake of investment only, then they should calculate the amount of passive income they can generate if the flat is given for rental. The property in Navi Mumbai has a great advantage in this regard due to its locational advantage and proximity to the bustling city of Mumbai and Pune.

5. Transparent dealing :

When investing in property, a clear title deed is not the only criterion the buyer should also acquire a clear sale deed stating their possession of the property. The terms and conditions of the sale and the price of the property should be transparent with no hidden charges. The builder or the developer must provide the buyer with the the Occupation Certificate or Completion Certificate after completion of the project. They should also have approved tie-ups with leading lenders who are ready to finance the purchase of the property by the buyer.

When investing in real estate, these are some of the basic tips an investor should keep in mind. These basic checks will help the investor in buying the right property, and they can enjoy its benefits for generations to come.

10 Reasons to Buy Investment Property in Taloja In 2018

Real estate in Navi Mumbai has been on the rise since the beginning of 2018. There are many Real estate developers in Navi Mumbai offering high quality constructed flats for a competitive price in Taloja and other areas. There are also many ongoing projects in Ulwe that have a wide range of options for every budget.

Here are some of the reasons as to why you should buy investment property in Taloja in 2018:

1. A home for every budget:

Taloja properties has homes for every investor, regardless of their budget. It is quite easy to acquire a property in Taloja as there are a lot of upcoming projects by reputed developers.

2. Passive income:

Projects in Kharghar are a good avenue for lifelong passive income as the investor can enjoy the benefits of rental income given the rising housing need and the population of Mumbai.

3. Capital appreciation:

Navi Mumbai is now witnessing the rapid appreciation of its properties in the real estate market. The location and the upcoming developments will ensure a rise in the value of the properties across Taloja, Ulwe or Kharghar.

4. Pradhan Mantri Awas Yojana:

The investor can avail the credit linked subsidy scheme of the Indian Governments also known as the Pradhan Mantri Awas Yojana scheme to purchase a property with Builders in Navi Mumbai.

5. Connectivity:

Navi Mumbai is a fast developing area with access to the upcoming international airport and is well connected by trains, buses and other means of transport.

6. Locality:

Navi Mumbai is a well-planned city, and Taloja is very close to Kharghar. The flats in Kharghar and Flats in Taloja is well connected to the Mumbai Pune Highway. It is near to schools, hospitals, gardens, play grounds and markets.

7. Socio-cultural advantage:

Flats in Ulwe and other areas of Navi Mumbai are very well-planned with parks and other amusement areas which help in building social interaction and have fun-filled evenings.

8. Value:

Properties in Navi Mumbai are available at affordable prices, but as there is the expansion of Highway and the IT sector, there will be definite value appreciation of the property. The increasing value of the property will help the investor in wealth creation.

9. Proximity:

Projects in Navi Mumbai are in close proximity of IT parks and Navi Mumbai Special Economic Zones, Taloja is one of the best places to buy investment property. The locational advantage of Taloja is perfect for people and gives them easy access to quick getaways like NH-4, Kharghar, Kalamboli, and Sheelphata, etc.

10. Safest Investment:

Owning a house is the safest investment which empowers the investor to fix the price, unlike the other securities that are influenced by the market and the company’s decisions. The real estate does not fluctuate like the money market.

These are some of the advantages of owning an investment property in Taloja in 2018. It is the right time for the buyer to invest in the real estate sector as Navi Mumbai is slowly becoming the center of attention for many industries and infrastructural developments.

10 Reasons To Invest Property in Navi Mumbai Market In 2018

Navi Mumbai has been a favoured market when it comes to buying a property. No wonder, Projects in Ulwe​ is a topic often discussed for the pros and cons. There is a positive sentiment while investing in Property in Taloja ​given the demonetisation, the RERA Act (2016) and the likes. In this blog we take you closer to the top 10 reasons why Navi Mumbai is a preferred destination for home buyers in the year 2018.

Let us understand one by one!

1) Navi Mumbai Airport:-​ This was the major lagging project till the month of February 2018 since almost 2 decades. PM Narendra Modi has laid the foundation of Navi Mumbai International Airport, this year. Thus , giving it a high impetus. With an idea to keep the development of aviation infrastructure at the same pace with that of aviation sector, this move was undertaken and is most appreciated. Th new airport is reported to generate a direct and indirect employment by creating approximately 4 lakh jobs.

2) Navi Mumbai and the Mumbai connectivity:-​You can always take the JNPT Road in order to commute to Mumbai easily and speedily.

3) Shift of big corporates to Navi Mumbai:-​​ Low cost operations and better infrastructure have made the IT companies, MNCs migrate their offices in Airoli and Vashi in Navi Mumbai. So from a buyer’s perspective, he wants to buy a house nearer to the office for easier commutation.

4) Good RoI:-​ ​Due to the proposed international airport and the clearances from the environment ministry, prices of the Projects in kharghar, Kharghar and the likes have seen a steep rise of approximately 20 %, this year.

5) The year of consolidation:​Although, the RERA Act 2016 was implemented in 2016 some of its provisions got into effect last year.T the year 2018 is considered to be a year of consolidation. Thus, bringing in lot of transparency,accountability and compliance.

6) Planned nature of Navi Mumbai:-​ The city scores more when it comes to the well-organised infrastructure. Reputed schools, colleges , medical facilities and shopping malls are some other reasons to call it a home.

7) A green and clean environment:​-​ The e best part of the city is that it has lush green environment. People try to build second homes where they can come and unwind during the vacations

8) Better road and local train connectivity:-​ -​With the newly proposed roadways and the local railways, the city is getting closer to its big brother Mumbai.

9) Less pollution ​:-​ Less factories and less traffic than Mumbai, Navi Mumbai is preferred due to its less pollution.

10) Better quality of living:-​Navi Mumbai has always promised folks of quality living. The space available,the civic amenities and the booming infrastructure have caused a good demand for this place.

So are you ready to buy a home this year in Navi Mumbai?