Juhu: The Affluent Suburb

Juhu is among the most affluent areas of the city and home to many Bollywood celebrities. The nearest railway stations are Santacruz, Andheri and Vile Parle on the Western Line and Harbour Line of the Mumbai Suburban Railway. Being a suburb of Mumbai, Juhu is popular for its extensive beach which attracts a multitude of people from all over the world. The beach is surrounded by the Arabian Sea to the west, Versova to the north, Santacruz and Vile Parle to the east and Khar to the south.

Juhu beach is a popular tourist attraction throughout the year and it is an important landmark for shooting many films. If one decides to visit the beach on a weekend you will see a massive crowd, people come along with their families to spend the evening on the beach and watch the sunset. There are also a large number of married couples who like to take a walk down this sandy and beautiful beach. The main attraction of Juhu beach is the food court which is at the main entrance, it is very famous all over Mumbai for it ‘Mumbai style’ street food like bhelpuri, sevpuri and panipuri. while acrobats, dancing monkeys, cricket matches, toy sellers vie for tourist’s attention.

Juhu beach is one of the most popular sites in the entire city to witness the Ganesh Chaturthi celebrations which attracts tons of devotees carrying idols of Lord Ganesha of various sizes. The beach is also very popular for spotting planes as it is right underneath a departure flight path for Mumbai Airport.

This lavish area is also home to many Bollywood celebrities like Akshay Kumar, Amitabh Bachchan, Hritik Roshan, Dimple Kapadia, and Anil Kapoor. This is one of the many reasons why we see a steep demand forproperties in Juhu. Who would not want to buy a flat in Juhu which is just a Close by to your favourite celebrity? The flats here are very spacious, elegant and also come at a very good price. It is also located very close to the beach, when one opens their window it feels like one is standing in heaven with a cool breeze blowing onto your face. You can also view the fantastic sunrise and sunset right from your very room. What more could one ask for?

To the west of Juhu is another well acclaimed area known as Versova. This place is both commercially as well as residentially developed. When it comes to buying the best property in Versova; Solitaire a property of Jaycee Homes wins it hands down. This standalone edifice is situated among the green and calm environment of Versova, but it is yet very well connected to the conveniences of the day to day life which is a 10 minute walking distance from your home.

The Home Loan Mystery Solved

The property scene in Mumbai is always buzzing. It is a prized possession and everyone does their bit to buy their own dream home in this mega city. Out of the many options available, there is one that most people opt for because of its reliability. What is that? It’s the home loan from banks.
Even though it is the safest bet going around, people still get confused with the amount of paper work that is involved and other important considerations that should be part of one’s application. We will break down the things that you need to keep in mind while applying for a home loan. Read on, to find out.

Age 45 years to retirement

The age for retirement in most companies is 60 years. Keeping this in mind, when you take or are thinking of taking a loan, the time and the interest needs to be taken into consideration. A thorough research needs to be done at all times, but it becomes all the more important when you are part of this age group.
The tenure of repayment should be as big as possible, since the lower the repayment period, higher the EMIs. Another option that can be tried out by people who are in this age bracket is a joint loan. The safest option amongst all for people of the age 45 and above can be heavy down-payment considering you’d have enough by now in your account.

From 30 to 45 years

People in this age group are in the best possible position to take a loan as they have age on their side. Although this may be an advantage for them, they do need to take care of some points like credit score. A good credit score is essential to get a loan from a noteworthy bank. If you are unsure of your creditworthiness, head to CIBIL’s website to get an idea.

In your 20s

With more and more youngsters getting into the high income bracket, each passing year sees a growth in the number of home loan seekers of this age. There is though a chance of messing things up by jumping the gun. You need to decide whether you are old enough and mature enough to handle this responsibility. The rules that most banks have placed allow for people above 21 years to be eligible for a home loan. Others like Axis bank have set the age limit higher.

Also, applying at a very young age means the banks will scrutinize your economic conditions. Most of them would also want you to spend at least two years in the current job.
Given that most of the current projects in Mumbai have a tie up with various banks for ease of loan applications, the task is less tedious in today’s times. A few carefully taken steps can get you your dream home!

Reasons why flats in Goregaon East make for great value

Goregaon has slowly grown into one of the most sought after suburbs in the city, with the price of properties in Mumbai rising consistently over a long period due to various factors. The appeal of Mumbai as a commercial hub, where thousands flock to, each year has not died down. So how does anyone find a place to stay that’s acceptable to them and their families? The most logical answer is by purchasing flats in Goregaon East.

A northern suburb, it is located conveniently on the western line of the suburban train system and is known as one of the most biologically diverse locales in and around the city. A monsoon trip through Aarey Colony allows for one to experience the green lush outdoors while Goregaon Film City offers a visual treat for those inclined to a more lavish, ‘filmy’ visual taste.

Goregaon East is accessible, open and green; an area targeted by builders recently as the local populace in Mumbai needs affordable housing in areas that are in and around Mumbai city. The daily commute to work is a huge decision maker when purchasing a home in Mumbai. This is why when flats in Goregaon East are available; they tend to sell out at a remarkable pace. Goregaon is seen by most families and individuals as a suburb where the price of properties in Mumbai remains reasonable at most times. Developers have focused on developing properties to entice buyers by adding facilities such as swimming pools, fully equipped gymnasiums, landscaped gardens and proximity to shopping centres, schools and hospitals.

The Oberoi shopping mall allows for residents of Goregaon East to keep ahead of the trends, with the second Starbucks Coffee Shop in Mumbai opening at the mall, it is also able to attract major brands. With a close link to the Western Express Highway, a weekend getaway to the Union Territories of Daman and Diu, or a trip to the Konkan range – Lonavala or Karjat is a distinct possibility.

Goregaon East is also well developed in terms of public amenities. With a sprawling bus depot and impeccable, wide, concrete roads it is seeing the benefits of development on an incredibly large scale. The nature lovers of the world can also hike through Aarey Colony in their hunt for the exquisite seasonal birds that tend to visit. A perennial lake inside Aarey colony offers the opportunity for some leisure time in a paddle boat and offers an idyllic setting for an outdoor picnic.

With a booming corporate sector in the country, many businesses are re-locating to Goregaon East. With the price for commercial properties in Mumbai set to rise continually over the next few years, the move to a suburb seems natural.

Goregaon East is the suburb of thefuture; it offers an incredible opportunity for an individual or a family to start their own home. It allows for businesses to grow and prosper, surely investing in it is an incredibly intelligent decision.

Andheri - Where work meets fun!

Andheri is one of the largest suburbs in Mumbai and is situated in the west of the city of Mumbai on Island of Salsette. It has a good balance between residential housing and commercial buildings, making travel to work a quick and effortless affair for the residents of this suburb. This suburb can be considered as the heart of real estate in Mumbai as it is centrally located. The newly launched metro has caused a sudden increase in buyers in this suburb. Its vastly developed infrastructure and connectivity makes Andheri a fine residential destination for those looking to have a quick commute between work and home.

For people whose work requires them to travel abroad on a frequent basis, buying a flat in Andheri can be of a great advantage, since both the domestic and international airports are located in this suburb. The newly launched Reliance Metro has also made Andheri a very prominent landmark. The Metro system expands from Versova-Ghatkopar with many stops in between at important locations like the Western Express Highway, Andheri Station, Chakala etc. has proved to be very convenient. It aids people to commute to and fro in less than half the time it would take them if they went by road. By using the Metro, one can avoid traffic and travel in comfort and with ease.

Andheri station is one of the busiest and most important stations on the Western Line as it connects to CST, Churchgate, Virar and Navi Mumbai. The crowds at Andheri station can be overwhelming at times and make you feel completely lost at times. To avoid overcrowding at the ticket counters, one can simply buy a booklet of tickets and punch them in the automated machines to save time.

Lokhandwala, in Andheri, is well renowned all over Mumbai for its market area and fabulous 

nightlife. Some of the best restaurants in Mumbai can be found here. To name a few, Lokhandwala has Barbeque Nation, The Little Door, Mainland China and La Patio. Fast food joints like Dominos, McDonald’s, and Subway are also scattered across the streets of the market area.

 Kokilaben Dhirubhai Ambani hospital, RN Cooper Hospital and City hospital are also situated in the area. All these factors make it essential for one to buy flats in Mumbai.Being one of the most populated suburbs of Mumbai; Andheri has a population of more than 1 million.

Entertainment is important to the residents of Andheri, and this suburb has no a shortage of places for recreational activities. With huge mall chains like Mega mall and Infinity mall, residents have loads of things to do ranging from shopping to watching movies and even gaming arcades for the kids. Andheri may be a busy suburb in the city that never sleeps, but that won’t stop you from going to one of the many recreational places to unwind.

A Developing Mumbai

Mumbai is the capital city of the Indian state of Maharashtra. It is the most populous city in India, most populous metropolitan area in India, and the eighth most populous city in the world, with an estimated city population of 18.4 million and metropolitan area population of 20.7 million as of 2011. Along with the urban areas, including the cities of Navi Mumbai, Thane, Bhiwandi, Kalyan, it is one of the most populous urban regions in the world. Mumbai lies on the west coast of India and has a deep natural harbour. In 2009, Mumbai was named an alpha world city. It is also the wealthiest city in India, and has the highest GDP of any city in South, West or Central Asia. Mumbai has the highest number of billionaires and millionaires than any other city in India.

In the recent years, areas like Lower Parel, Vashi, Badlapur, Dombivili, Kanjurmarg, Virar, Ghodbunder Road in Thane, Andheri West and East, Bandra, Borivali, Powai and Goregaon have seen the values of their propertiesappreciate. Areas which have benefited from the competition of transit infrastructure projects such as the Versova-Andheri-Ghatkopar corridor of the city’s first metro and the Chembur-Wadala corridor of the city first monorail have registered significant value appreciation too.

Not just that, central suburbs, which include areas like Chembur, Wadala, Kurla, Ghatkopar, Vikhroli and Bhandup, have seen launches nearly double in the last one year due to the recently completed Eastern Freeway and the Santacruz-Chembur Link Road. It has become so much easier for people to commute to various parts of Mumbai. Since the initiation of the Mumbai Metro, there has been a major increase in the demand for flats in Ghatkopar. The Mumbai Metro has become a boon for many Mumbaikars who travel daily to the Western side of Mumbai.

Recent news show that the Government plans to start the second phase for the Mumbai Metro. This phase will start from Charkop to Mulund and will be even more convenient for all commuters. Due to this many builders have started building a huge number of luxury properties in Mumbai. The real estate scenario based on these facts seems to be in a very good state as of now. Every day we see thousands of new people flooding into the city searching for new flats in Mumbai and all these people prefer to buy a flat that is in close proximity to a school, station and market area.

Based on these facts, the future for Mumbai looks to be very promising considering the amount of development that is taking place in the city.

Mumbai: A Metropolitan City

Mumbai is the capital city of the state of Maharashtra. It is the second most populated metropolitan area in India, and the fifth most populated city in the world.The populationof the city isestimatedto be around 18.4 million and the metropolitan area population is around 20.7 million. Including the cities of Navi Mumbai, Thane, Bhiwandi, Kalyan, and Mumbai is one of the most populous urban regions in the world.

In 2011 sales for residential property in Mumbai dropped by 28%. This was caused due to rise in both interest rates and prices due to limited supply. However, 2012 saw an increase in upcoming projects in Mumbai and estate agents hope this will lead to a corresponding jump in sales.

The residential property in Mumbai has just gone through a massive boom and towering apartment complexes are popping up all through the suburbs, and Mumbai is expected to take a lead with regards to sales with 40 per cent and 26 per cent respectively during the months of July to December 2014. Even though sales in residential property in Mumbai are at a sluggish phase right now the good news is that they are not stagnant at all.

There has been a significant increase in upcoming projects in Mumbai over the last two years. The government has planned various other infrastructure including international airport and metro rail for Navi Mumbai, the Mumbai Trans-Harbour Link, Elevated Eastern Freeway, Virar-Alibaug Multimodal Corridor, Churchgate-Virar Elevated Rail Corridor and the Western Dedicated Freight Corridor.

Upcoming properties in Mumbai would be priced much less than what they eventually would be at the time of launch. Given the rising prices of real estate, it would be fair to assume that the new upcoming projects in Mumbai would increase anywhere from 15% to as much as 50% depending on the location and the developments of the area. Another significant advantage of upcoming residential projects in Mumbai is the luxury to customize the interiors and the fixtures. While every real estate company is expected to deliver what has been promised and they do so, yet you may choose to upgrade certain tiles, flooring options or the dados. Such customizations are possible with new upcoming projects in Mumbai, an option that is non-existent with already launched properties. Besides, you would always find more upcoming projects in Mumbai than new and already launched ones which increase the number of choices you have. The trick to finding a desirable upcoming project in Mumbai is to have a source which would offer you a list of all upcoming residential projects in Mumbai.

Why people should buy a property in Powai

The land of dreams – Bombay has been a shining beacon of hope to everyone who has come to this city to settle down. However of late, the property rates here have been sky rocketing due to too many people moving in. People want to settle in the most posh areas throughout the city. However, this is easier said than done. The price of the properties in Mumbai has been increasing since forever and probably will continue to do so. There are a number of reasons why people feel attracted to Mumbai – the commercial capital of India. A major urban centre, Mumbai has seen a great boom in the real estate industry. Although the city boasts of superb public transport systems, the incredibly high properties in Mumbai have led the development to head towards the suburbs.

A part of Mumbai Suburban District, Powai is located in the north eastern region of the Mumbai Metropolis. It is situated on the banks of its namesake lake and boasts of a recently revamped landscape complete with fountains, gardens, children’s playing areas etc. Because of construction activity that the area has gone through in the last two decades, Powai has one of the highest residential population densities because of which the rates of the properties in Powai have really appreciated. The fact that the area enjoys good demand because of its proximity to important centers of the city and beyond points out that the property prices of this area might still appreciate. So this is the right moment for anyone looking to buy their dream house in Powai.

Buying a property in Powai can be a real plus on part of the buyer if he wants to stay in a luxurious and comfortable home which is at an arms distance from the city’s main attractions. Everything is very conveniently located. Apart from that the public transportation makes it really easy for the people to travel without paying a bomb. There are a plethora of schools and colleges and millions of job opportunities for anyone who wants to live in Powai. Many education options are available with The Indian Institute of Technology (IIT), established over an area of 550 acres providing quality education to aspiring students plus there are a number of education institutions that provide pre – primary, primary, secondary and higher secondary education. Moreover, there are a number of reasons like zero water clogging, a number of impressive cafes one can visit for a quiet evening. For people seeking an adventure, there is the Powai Go-Kart race track and Hakone – a combination of special sports, entertainment and leisure!

There are many options available for anyone who wishes to purchase a house in Powai, therefore invest in your dream house and enjoy your stay in Mumbai!