Real estate developers in Navi Mumbai

Why Should you Invest in Real Estate Projects of Navi Mumbai?

Mumbai’s real estate investment is always a hot topic, and every development in Mumbai and its suburbs are under constant scrutiny of the developers. One such area that recently witnessed a growth surge and infrastructure developments is the satellite city Navi Mumbai. There is a significant rise in Real estate developers in Navi Mumbai offering their properties for sale.

Now let us look at some reasons to invest in Navi Mumbai real estate projects:

1.Great properties:

Property in Navi Mumbai comes with high-quality specifications along with excellent location and amenities. They build community projects that come with the comforts of parks, shopping malls, clubs, conference rooms, guest rooms, round the clock security and many more.

2.Locational advantages:

Builders in Navi Mumbai are offering properties that are strategically located and has the advantage of assessing the bustling city of Mumbai, Pune and the areas of Ulwe, Kharghar. Navi Mumbai is also going to be home to the Mumbai Trans Harbour line making it longest seaway route in the country.

3.Price of the residential property:

Residential properties in Navi Mumbai cost very less than procuring an apartment in Mumbai. Every Mumbaikar knows that Navi Mumbai is the place to purchase their dream home. The per square foot rates are very less than any other surrounding metros. When it costs an average of Rs 3 to 5 Crore to purchase a 1000 sq.Ft apartment in Mumbai, you can get the same apartment for Rs80 lakhs to 1 Crore in Navi Mumbai.

4.Return on investment:

Navi Mumbai is now becoming a preferred location for IT parks, Special Economic Zones and the upcoming Navi Mumbai international airport that will take on the heavy load of the Mumbai international airport. These advantages are available for those buyers who will buy a property from the builders in Navi Mumbai. In the coming times, a property acquired in Navi Mumbai will have its value raised, and there is also the potential of earning higher rental incomes in the coming years.

5.Capital appreciation:

Real estate developers in Navi Mumbai are offering properties along with add-ons such as woodwork, interior decorations, and many more fittings. The buildings are available in a location that has the potential to get appreciated over time. The City Industrial Development Corporation of Mumbai (CIDCO) has also allotted more than 800 acres of land to be developed as residential and commercial units thereby making Navi Mumbai as the preferred location for first time home buyers and budding industrialists.

6.Impact of RERA:

The implementation of the Real Estate Regulatory Authority has guaranteed the buyers peace of mind by making the disclosures and the buying process more transparent. The confidence instilled by RERA has made Navi Mumbai as the trending place. The builders in Navi Mumbai need to seek and obtain the necessary permissions from the local authorities and RERA before commencing on the project, and they have apprised the customers even the minuscule changes in the plan or the property. So, the buyer can procure properties from the Builders in Navi Mumbai, without a shadow of a doubt.

These reasons attest to the fact that buyer can purchase a property from the real estate developers in Navi Mumbai without any second thoughts and benefits from the major development that are happening in this satellite city Navi Mumbai.

Real Estate Developers in Navi Mumbai

Recovery in Navi Mumbai in Real Estate Investments in 2018

The real estate market is getting back to its pace after the run-ins with demonetization, GST, and RERA. Most of the metros and cities are maintaining the same prices or have experienced a little fluctuation. The satellite city of Navi Mumbai is one of those places that witnessed an upward rise in the sales of Projects in Navi Mumbai and its surroundings.

The Navi Mumbai real estate is going through booming phase due to its locational advantages. The real estate. The Real Estate (Regulation and Development) Act is one of the major factors that boosted the property of Navi Mumbai.

The Real Estate (Regulation and Development) Act was implemented to protect the interest of the home buyers and raise investments in the real estate. After, the implementation of the RERA, the real estate developers in Navi Mumbai have seen a consequential rise in the sale of properties.

It has become mandatory for all real estate developers to adhere to the rules of the RERA. Even the slightest alteration in the building has to be apprised to the buyer by the builder. RERA has given an opportunity for a lot of authentic Builders in Navi Mumbai to offer world-class projects to home buyers.

The imposing of GST also launched the market into a state, of confusion and the increasing clarity has also prompted buyers to invest in projects around the country.

Not only the reforms of RERA and GST but the location and infrastructure developments have made the area of Navi Mumbai more enticing. 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 traffic from these employments can guarantee a rental income for buyers investing in projects in Navi Mumbai leading to an increase in property purchase.

The Navi Mumbai international airport has also boosted the real estate scenario of Navi Mumbai. The massive and rapid development of CIDCO which has allotted more than 800 acres of land for further residential and commercial development has accelerated the investment.

These properties come with a lesser rate than compared to the skyrocketing real estate prices in Mumbai. The flats in Ulwe or Taloja are available at a starting rate of Rs.4500 to Rs.9000 per square feet. Projects in Navi Mumbai are also in close proximity of operational and upcoming IT parks and Navi Mumbai Special Economic Zones. The locational advantage of Taloja, a bustling property in Navi Mumbai is perfect for people and gives them easy access to the highways and the areas of NH-4, Kharghar, Kalamboli, and Sheelphata, etc.

The Mumbai Trans Harbour link is an under-construction 21.8 km, which is a freeway grade road bridge connecting the bustling Mumbai with Navi Mumbai. Once completed, this bridge would be the longest sea bridge in the country thereby appreciating the land value of the city.

The real estate of Navi Mumbai is well on its way to recovery due to the project and infrastructural development by the CIDCO. The implementation of RERA and GST also has paved the way for the buyers to be directly benefited by purchasing properties only from genuine Builders in Navi Mumbai who can clear the conditions and the norms set by the authority. All in all, an investment in Navi Mumbai is good investment decision.

Property in Taloja

How to buy your next Property in Taloja?

Buying a property is a big step in an individual’s life, and the location of Navi Mumbai is the perfect choice for your purchase. The real estate market of Taloja is bustling with properties from Builders in Navi Mumbai and has great amenities along with locational advantages.

Here some tips to buy your next apartment property in Taloja:

1.Shop around:

If you are looking for investing in Taloja projects, the best idea is to shop around, look at some properties, compare the properties, its facilities, and the price. Comparing properties around town will give you a better idea of the market and clarity on what type of property you would like to invest.

2.Research the market:

Before embarking on the purchase on a Property in Taloja, you should research the market and know the about the current market value and the guideline value of the property. Know about the extra costs that are associated with the property and the prices offered by the builders in Navi Mumbai for the apartment with the same specification.

3.Check your financials:

When planning a big purchase, it is prudent to have a look over your financials and know how much you need to keep aside for the down payment and how much loan amount should you avail. Apart from the down payment, you should also keep aside funds for decorating the house or for buying the appliances and other expenses.

4.Inspect the property:

After deciding on a Property in Navi Mumbai, you should inspect the apartment for any repairs or modifications as per your wishes. Once you checked the property and found any discrepancies, then you should immediately inform the builder and get the appropriate work done.

5.Agreements:

When purchasing a property in Taloja, you should check whether the builders have all the necessary approvals like building permits, all the clearances required for the building including clear land documents, sale agreements and title deeds. Having a clear property without encumbrance is the best property to invest.

6.Closing the deal:

When closing the real estate deal, there will be a lot of pressure on both sides, more on the buyer as it is an essential part of their life. When closing the purchase, a lot of small things will come up at the last minute like registration charges and balance payments from the buyer’s side or any obligations from the seller that is yet to be completed.

It is prudent that the decision of purchasing an apartment should not be taken in haste. All the necessary checks and financial planning should be undertaken before going for a property purchase. Planning will save you from making any wrong decisions and from a financial crisis. Nowadays the real estate sector in Navi Mumbai is booming, and this is the correct time to invest in Taloja and enjoy its advantages. Buying an apartment is no mean feat, and these tips will help you purchase your dream home in Taloja.

Real Estate Developers in Navi Mumbai

10 Home Buying Tips for Property in Navi Mumbai

Buying a property is the dream of many, and Navi Mumbai is one of the fast-developing areas that have a multitude of real estate developers offering projects with world-class amenities. If you are first time home buyer or a new buyer investing in Navi Mumbai, here are some tips.

Tip No#1:

Decide the investment limit:

When investing in a property in Navi Mumbai, the buyer should first set a budget for the property and also save for the deposit that is needed for the down payment apart from the home loan. Before zeroing in on the sale, the buyer should also evaluate their prior financial obligations like personal loan, student loan and the amount they can pay as Equated Monthly Instalments (EMI) apart from their monthly budget of expenses.

Tip No#2

The buyer should assess their future needs and goals of their investment. They should decide whether investing in projects in Navi Mumbai is justified for personal needs or is it for capital appreciation.

Tip No#3:

Improve your CIBIL score before applying for a home loan with bankers. A better CIBIL score can even guarantee a higher loan amount than the one you originally applied.

Tip No#4:

When looking for loans, the buyer should shop around and check the offers of different bankers, their interest rates, and other add-ons. Compare the offers and pick the best one. Some real estate developers in Navi Mumbai also tie-up with leading bankers to get better rates and loans for their customers.

Tip No#5:

The buyer should research the locations before investing in the project. They should check whether the all the basic amenities and facilities are available and if the area is also well secured.

Tip No#6:

The buyer should also research the credibility of the buyer. There are many builders in Navi Mumbai who have a good credibility record in handing over the completed projects with the promised features and amenities.

Tip No#7:

After zeroing in on the purchase of the project, the buyer should negotiate the rates with the builder to get better rates for the property in Navi Mumbai. As the real estate is in rapid development in Navi Mumbai, many builders can offer promotional offers to sell their residential units.

Tip No#8:

The buyer should verify all the legal documents pertaining to the purchase of the residential unit. The share certificate, sale agreement, society documents, sanction plans, encumbrance certificate alshould be in proper format and updated with accurate details.

Tip No#9:

The buyer should also check the security arrangements of the apartments. Repeated checks will help the buyer to know the lax in the security arrangements and point out to the builder to tighten them.

Tip No#10:

Last but not least, the buyer should always purchase the property that is within their financial limits. Purchasing a higher value property will push the buyer into a pool of debt. Checking the current financial needs and then evaluating for the purchase is a better option.

These are some of the tips that a home buyer should keep in mind before taking in the big leap. Buying a home is a big part of individual life, and the buyer should take prudent decisions when investing.

Flats in Ulwe

Reasons for Investing in Projects in Ulwe

Ulwe is one of the future investment areas of Navi Mumbai. The strategic location of Ulwe is very advantageous as it is in proximity to the plans of Reliance SEZ , close to Navi Mumbai International Project, Mumbai Trans Harbor line, a railway connecting Nerul – Ulwe. Many builders in Ulwe are in the process of completing of prestigious Projects in Ulwe that offer world-class amenities and facilities within their premises.

Here are the some of the reasons for investing in projects in Ulwe:

1.Capital appreciation:

The average rate of per square feet in Ulwe is Rs.5,773- Rs.8,238 and this price are showing a promising uptrend in the years to come. Flats in Ulwe offer the same quality and amenities on par with projects in Mumbai thereby making up for a great lifestyle.

2.Proximity:

Ulwe has the proximity advantage by road, air, and sea, thereby elevating it to be one of most sought after localities in Navi Mumbai. Some of the projects that are taking place in Ulwe are:

  • Upcoming Navi Mumbai International Airport(NMIA)
  • Navi Mumbai Metro Rail
  • Mumbai Trans Harbour Link(Nhava-SewriSealink)
  • Navi Mumbai Special Economic Zone (NMSEZ)
  • Easy access to developed nodes like Belapur, Seawoods & Vashi
  • Ulwe has its fire station which will be one of the biggest fire stations in Navi Mumbai.

These projects will popularize Ulwe regarding price and preferability over Mumbai.

3.Less expensive:

Ulwe is less costly when compared to Mumbai as it also offers 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. Many builders in Ulwe offer affordable housing with the same amenities that are also available in the city of Mumbai.

4.Special Economic Zone:

The City and Industrial Development Corporation’s (CIDCO) has been in the projects of establishing SEZs at Ulwe which is to be well-connected by road, rail, sea and air transport. The priority of this SEZ is to increase employment opportunities in the sectors of IT and financial services. The people employed in Ulwe SEZ will benefit by investing in projects in Ulwe that also give them the locational advantage.

5.Price advantage:

If you are a potential home buyer looking for Flats in Ulwe, then this is the right time as there are many prestigious and reputable builders offering projects at half the price of other areas in Navi Mumbai. For example, a flat of 1000 sq.ft is priced Rs 1-1.5 crore in Nerul, but the buyer can purchase the same area for Rs.60-80 lakhs in Ulwe.

6.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. The Sub-divisions of Navi Mumbai like Ulwe, Kharghar. Taloja and others have undertaken significant actions to ensure a clean environment in harmony with ongoing commercialization, unlike the metropolitan city of Mumbai where pollution is a major problem. The city has been designed and developed diligently, with well-planned drainage systems and sewage treatment plants.

These are just some of the reasons for the buyer to invest in Ulwe. The scope of capital appreciation and ergonomic development is enticing buyers to invest in Projects in Ulwe. Buy your dream home in Ulwe today and enjoy the benefits for years to come.