Look East For a Property Feast

The maximum city Mumbai has infinite resources at its disposal or so it seems. Given the population explosion in the last 10 years, land has become one of the most prized possessions. Over the years, the trend has always been to snatch up the elusive and prized properties of South Mumbai, but off late things have taken a turn for the better. ‘Look East’ is the mantra and people are more than willing to give it a try.

So what exactly is this ‘Look East’ mantra? It is a simple, yet effective process of buying top notch properties in the eastern suburbs of Mumbai. Questions such as, isn’t the eastern suburb marred with water problems? What about connectivity to the city? Isn’t the central railway not as effective as its western counterpart?

To a certain degree, all these were pertinent questions. But the last 5 – 10 years have seen a sea change in the landscape of the region. A new development surge has resulted in the eastern suburbs becoming the hot bed of commercial & residential activity.

One look at the facts is enough to prove that the eastern suburbs are more than a viable option for property investment. Firstly, the availability of Metro train has resulted in ease of travel. The Central line has improved its services in the last few years leading to stable travel timings. As for those travelling by road, a plethora of buses plying across the length and breadth of the city give you plenty of options. The proximity to the Eastern Express Highway means the town side is well connected. The western suburbs are also well connected with the Jogeshwari -Vikhroli Link Road (JVLR). The water supply issue has also been taken care of as the Municipal Corporation (BMC) has put in place its plan to supply 24*7 water supply to Mulund, Ghatkopar and Vikhroli in 2012.

Finances often put a dampener on the situation. But given that most of the projects are backed by sound real estate developers, your plan to buy that dream flat in Ghatkopar can be less tedious because of easily available loans. An added advantage of buying apartments in Ghatkopar is the luxurious lifestyle and amenities that can be experienced which are no less than those available in the town side of the city. Having a hilly region in its midst also gives an opportunity for nature lovers to enjoy the wilderness.

With offices also shifting base, it is perhaps the best phase that the eastern suburb has seen over a long period of time and it’s only going to get better. All the above factors have resulted in bringing together an environment of hope and it would be fair to say that eastern suburb can be counted among the crowned jewel of properties in Mumbai. A golden opportunity like this is not to be missed out on. After all, nobody wants to be at the wrong end of the deal.

Andheri – A modern Metropolis

Andheri is one of the largest and most densely populated suburbs in Mumbai. This bustling suburb located on the west coast of Mumbai, started developing way back in 1915. Andheri is divided into the East and West with the Western railway line being the partition of sorts. Andheri East and West both have a large number of industrial and commercial centres along with many residential colonies.

A large part of the population in Andheri East belongs to the working middle class. The main reason for this is that the eastern part of the suburb mainly comprises of industrial and commercial hubs. The cost of housing is also relatively cheaper than its western counterpart.

The Western Express Highway that runs all the way from Bandra to Dahisar also passes through Andheri. This highway connects Andheri to all the suburbs in between like Jogeshwari, Goregaon, Kandivli, Borivali. The highway then goes on to become NH8 (Delhi-Mumbai National Highway). Being located on such an important route, properties in Andheri continue to flourish on either side of the highway.

The road infrastructure in Andheri is quite extensive, with wide roads connecting it to every part of the city. Most of the roads are lively, filled with street vendors at every nook and corner of this lovely suburb. Life in this grand suburb is fast paced, much like the rest of Mumbai. The large number of malls and shopping centres in Andheri along with the hundreds of street merchants make it the ideal choice of many young Indians who want to experience a happening city life.

The Ghatkopar – Andheri – Versova Metro project has improved connectivity as well as demand for flats in Andheri in both the West and the East. The Metro system has proven to be a boon for commuters, as it reduces travelling time from one and a half hours to approximately 20 minutes.

A significant advantage when buying upcoming real estate in Mumbai is the ability to customize the flat to one’s own tastes. If you aren’t completely satisfied with the default layout of a flat, you always have the option to opt for changes to flooring, windows or even the overall decor while the project is still in the initial phases. Such personal customization is only possible with budding projects in Mumbai. An option that is otherwise not available with flats in Mumbai that are already finished. No matter what your tastes are in housing, you can be rest assured that Mumbai, more specifically Andheri, will cater to your liking. 

Powai Makes Life Easy For All

Powai is a suburban neighbourhood located in the north-east part of Mumbai. It was originally a central village, but in recent years it has grown by leaps and bounds to become one of Mumbai’s topmost commercial and residential hubs. It is home to one of the recently restored landscaped garden with viewing decks, a children’s play area and synchronized fountains which is rare to find in a city like Mumbai.

The suburb of Powai is very well located in the city of Mumbai; its easy connectivity to other parts of Mumbai make 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 hardly half-an-hour away from Powai and the added advantage is you will also beat the traffic even if you have to leave during the peak hours.

The mode of transportation in Powai is also one of the best in the city, with its BEST AC and non- AC buses which are very frequent and on time. So if you really need to reach work on time, no worries… the buses in Powai will save the day for you.

The Indian Institute of Technology, Mumbai, or IIT- Mumbai, was built in Mumbai in the year 1958. Since the advent of this prestigious college, Powai has seen a surging growth in all sectors of the society especially the real estate sector.

Powai is an important landmark due to its great connectivity to both the Eastern as well as the Western Express Highway and also its proximity to the airport. There are a large number of commercial projects that are happening in the heart of Powai. With over 150+ offices in Mumbai and multinationals moving in, Powai definitely has a very promising future.

One such property in Powai that gives you the facility of modern amenities like a swimming pool, gymnasium, clubhouse and children play area is Serenity of Jaycee Homes. Due to Serenity, the demand of property in Powai has skyrocketed, making it a force to be reckoned with.
The Jogeshwari-Vikhroli Link Road, which passes through Powai, plays a vital role in the increased demand offlats in Mumbai. The reason being this road is a connecting channel between the Western and Eastern Expressway. This makes it easier for the residents of Powai to travel in either direction, with comfort and ease.

The Suburb of Powai Will Make all Your Dreams Come True

There is always a very high demand for flats with a fresh environment, good air quality, affordable as well as premium properties for the residents. Very few places in Mumbai offer such a beautiful picture, but one such place that has all the makings of a perfect suburb in Mumbai is Powai. The buildings in Powai have a Roman feel to it, which makes it very beautiful and unique as compared to other buildings in the city. As everyone knows Mumbai is a highly congested city with the hustle and bustle of everyday traffic. But that is not the case in Powai, this suburb is very well planned with regards to its buildings, shops, etc.

Powai has always been in the spotlight of the real estate sector because of its close proximity to both, the Eastern and Western Express Highway and also its proximity to the airport. There are a large number of commercial projects that are happening in the heart of Powai. With over 150+ offices in Mumbai and multinationals moving in, Powai definitely has a very promising future.
People have witnessed a major increase in demand for flats in Powai due to the Hiranandani Gardens which is a residential township. It also offers a number of luxury hotels, mega stores and several commercial institutions like CRISIL, Deloitte Larsen and Toubro situated around it. Powai is host to some of the highly recognized educational institutions in the whole of Mumbai. IIT Powai is one of them, which is known world-wide.

The enormous skyscrapers in Powai give you a very scenic view of the night life of Mumbai city. When you buy a flat in Powai you feel like you are in heaven, this due to its large and spacious rooms which also come with modern amenities such as increased parking space for visitors, indoor gymnasium, swimming pool and recreational centre for kids.

Your kids can now indulge in sports and other recreational activities like an astro-turf where all you parents can send your kids to play a bit of football. This suburb also has paintball and Go-Karting track in the area. So if you want to let off some steam or just chill with friends these are the places you can always go to. The presence of such activities has led to major increase in the residential property of Mumbai.

One major reason why there has been a steep rise in the residential property of Mumbai is the nightlife in Powai. Powai has been, is and will always be one of the most prestigious addresses in Mumbai. To end on a good note, if you get an opportunity to buy a flat in Powai do not hesitate to seize the opportunity. This is something you will never regret.

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.