Buying Or Renting, Which Is The Right Option?

Given that the properties in Mumbai are highly valued, more and more house hunters are going the renting route rather than buying flats. This has kind of tilted the balance in the rented apartments favour. Because of good prospects on both sides, it is becoming increasingly difficult to choose between renting a property and buying one. In case you are stuck in a similar situation, these pointers will definitely help you out.
1. Risk Analysis – Property prices often go up and down, but a city like Mumbai is a safe destination to invest in. Most rental prices rise steadily. The best thing to do is to calculate the kind of pay you earn along with the ongoing re
ntals at a given place. Carefully weigh your options to come up with the best solution possible.
2. Price to rent ratio – This tool is fast becoming the new love of prospective property buyers across the city. In case the value turns out to be less than 15% then it is advisable to buy the property than to rent it.
3. Financial strength – If you are thinking of buying an apartment, then your financial position should be planned properly. In case you decide to go ahead with the decision of buying a flat, you need to learn the art of balancing your budget, as a certain amount will go into paying EMIs. The fact that you also have to pay down payment upfront means you must have enough savings with you when taking the plunge. Since buying a flat is a costly affair, it is important that you set aside a stipulated amount as cover in case things go wrong. Ideally, you should also have extra income for home expenses and leisure activities. The surplus should be more than enough to cover the increasing interest on the loan. Once all these aspects are secured, you can think of buying an apartment.
4. Stability of earnings – Home loans are generally given to individuals on a long term basis (time period of about 20 or more years). Having a stable employment record is the key in securing one. If you are employed in the private sector, you must be sure that your job is secure.
Do keep in mind that prices are different at different places of the city. For example, property in Powai is priced higher than the property in Virar. So, be the smart investor and make the right choice before inking the deal.

Powai: The Perfect Housing Destination

Mumbai has been a hot property destination for several years. People having a property in this mega city have been looked at with envied eyes. Such is the magnetic attraction of this city that people have flocked to its shores and settled down for good. The city as a whole is well developed, but there are certain pockets of the city which are highly coveted from a residential point of view. The Southern end of the city is one such area that comes to mind. But, over the years, other areas of the city have stood out for a variety of reasons and have provided people more options to play with. Powai is one such destination. Let us look at some of the factors that make it the perfect housing destination.

Situated in the middle of the Eastern and the Western suburbs, Powai is an important area which was primarily a middle-class residential neighbourhood which has transformed into an elite one. Though it wasn’t fancied earlier due to connectivity issues, the tide slowly turned in its favour and this has resulted in it becoming a favoured destination.

Earlier, the property in the vicinity of Powai was considered as too far and sparsely populated to be considered as residential destination. The beautiful Powai lake and IIT Bombay were its only popular landmarks. But, as the years passed by, well known eateries and clubs came along as residential projects sprung up. This resulted in Powai getting noticed by the population of the city. The suburb further expanded with the housing boom. Major real estate developers also started their projects here, and capitalized on this opportunity.

This ultra urban town enjoys a rather advantageous position in terms of accessibility, being as it lies between the Eastern and the Western suburbs. Due to its proximity to major industrial centers like SEEPZ and other commercial centers, schools and major workplace hubs, there has been high demand for property in Powai. The fact that it has become the heart of startup activity in the city has seen young businessmen making a beeline to buy property in this suburb. Along with these factors, it is a natural haven and thus attracts those having an inclination towards nature.

The unending list of reasons has given a boost to property in this place. With everything going for it, it is likely that this reason will continue to attract investors even in the distant future. 

The City Of Mumbai Makes Lives Better

It is very common to see several of the Mumbai projects developing in the several suburbs of Mumbai. Nowadays, a modern trend that people follow is, they first opt for the modern onsite amenities of the residential project. Due to this fact,the projects in Mumbai offer you modern amenities which are essential for your modern living style. So the amenity list such projects containincludes playground,high speed elevators, landscape design, world class entrance lobby, different sport courts amongst others. In addition, on the amenity list you can also get water body, rain water harvesting, swimming pool,club house facility and more. Moreover, on the list of the essential amenities of the projects in Mumbai you can get 24-hour power supply, water supply, multi-level security with CCTV, intercom facility and many others. In fact the new projects in Mumbai you can get all elements of modern living. At the new construction in Mumbai you can get different types of apartments with world class design such as bungalow pattern, penthouse, premium apartments and many others. Apartments of those new properties in Mumbai will be available at different size and with different modern decoration. In addition you can also get different apartments at different prices for properties in Mumbai.

Price of the real estate projects in Mumbai is the most attractive part of these projects. Actually, in those projects you can get different types of residential apartments at attractive prices only if you book the apartments soon.

Because of the completion of the Eastern Freeway and the Santacruz-Chembur Link Road and the Mumbai Metro that connects Ghatkopar to Andheri, it will be easier for Mumbaikars to commute to and fro to places between these areas. Due to these developments there has been a major demand for residential property in Mumbai.

The suburb of Powai is very well located in the city of Mumbai.Its easy connectivity to other parts of Mumbai makes it very easy for people like you and me to travel on a daily basis. If you are a person who has to make trips abroad on a regular basis, there is no need to worry. The International Airport is notvery far away from your locality and the added advantage is you will also beat the traffic even if you have to leave during peak hours.

As one can see, more than comfort and the availability of modern amenities, people prefer properties which are convenient from a travelling perspective, like being in close proximity to the airport or near the expressway in case you and your family feel like going on a trip. One such property in Powai that gives you this facility is Serenity by Jaycee Homes. It offers 1 and 2BHK apartments with amenities like a beautiful swimming pool, gymnasium, clubhouse and children play area which promise to keep you occupied on a lazy day. Such amenities would make any person invest in a property in Powai.