What makes Properties in Mumbai so desirable?

Mumbai is a city that never sleeps, one that plays home to millions of people from different sections of society and one that seems to be expanding at an incredible pace. The huge numbers of immigrants entering the city in search of a happy future have to set up a home, and with space coming in at such a premium, the only viable solution for most is looking for flats in Mumbai. The price of properties in Mumbai has soared over the last few decades, fuelled by greater demand than supply and the increased economic potential of the city.

What makes Mumbai so desirable? The answer lies in a simple thought. Mumbai has always been associated with dreams. With Mumbai central surging and it seems like a rational choice for people to move into the city. Mumbai’s proximity to the sea made it an economic hub; it is also the pathway into the Arabian Sea and ports worldwide. The domestic and international airports connect it to the rest of the country and the world; while the roadways and railways provide a vital connection for resources to reach the average Mumbai household.

Properties in Mumbai generally offer a variety of facilities to their owners. The older properties offer ample wide open spaces and a tranquility that is seldom possible in a metropolitan city.  The newer flats in Mumbai are made to suit the modern urban, nuclear family. With a fast paced lifestyle, it is seemingly impossible for people to find time to relax, but the newer homes come with a variety of features that appeal to the modern home buyer. Swimming pools, fitness centers, high speed lifts to get to the upper floors, imported fixtures in the homes and intelligent design in terms of space are the norm in most construction projects in and around Mumbai city.

With rapid development and increasingly urban needs amongst the populace, the need for megastores has increased. Shopping malls seem to be springing up all over the city and offer customers the shopping experiences and brands on an international scale. The local government is also pitching in to take Mumbai into the future. The famed bus and suburban train systems are undergoing an overhaul, with the fleets and trains being replenished with newer, more efficient models. The suburban metro system and infrastructure developments like the Bandra - Worli Sea-link are proof that the government is taking the growth of the city very seriously. The average Mumbaikar’s life seems to be improving consistently, and with increased earnings the development of the city should continue in the same vein.

The Ideas Changing the Face of Realty in the City

The property sector in Mumbai is one of the most high profile sectors in the country. Over the years, the city has seen a vast change in terms of construction, technology and prices. This has led to opening up of newer avenues for investors, realtors and customers. Due to the space crunch, the city’s real estate players are now looking beyond the tried and tested method of getting customers to buy properties. We have a look at some of these methods some new, some old school.

Attractive payment schemes

This technique has been used since a long time and it only gets better as time passes. The last few years have seen a plethora of these options. The flexi payment plans is where the realtors combine the down-payment and construction linked plans. In this plan the customer has to pay 10% of the cost upfront, 30-40% of the actual value within 30 days of booking. The remaining payment can be done in a timely manner as discussed in the construction plan. Other examples include the 60-40 scheme, the 80-20 scheme. Jaycee Homes, a renowned in the real estate sector, has come up with a new scheme for their Savannah project in Kanjurmarg East, wherein 3% down payment is all the buyer has to pay upfront and the rest can be paid in a year’s time.

Huge discounts

Attractive discounts are another way by which realtors are attracting buyers. Many property giants tap into the festive season to give away such discounts. The end result? Both, the buyer and the realtor go home happily. It also acts a blessing for those who are looking forward to invest in property.

State of the art amenities                

                                                         

In the last few years, India has grown in a big way. With the internet revolution, the country, especially Mumbai, has seen a surge in terms of lifestyle. First time buyers want their homes to be spacious and nicely built. They want to have world class amenities that match with the best in the world. The real estate sector has recognized this need and so current projects in Mumbai are all about putting in place these luxuries for the sake of the potential buyer.

The amenities like pool deck, spa, putty golf, yoga and meditation rooms and high tech security systems all add up and go a long way in attracting people to buy property. Flats in Ghatkopar are in hot demand due to this very aspect; this is in addition to the vibrant nature of the suburb.

Due to growing competition, the bar will only be set higher. And it is only going to benefit both parties involved.               

Andheri: The Dream Location for House-hunters

Buying your dream house is the most important decision of your life. Are you ready yet?

In the past few years, there has been an impressive shift in the demands of buyers. Earlier, South Mumbai and Worli areas of Mumbai were top on the list of the elite crowd of buyers. Slowly, with top real estate properties sprouting in Mumbai suburbs, more number of people have started looking at properties there.

The new trend is that people want to move out of really cramped areas to places where there is more life and fun. No wonder, the Borivali-Malad-Andheri belt is the most popular choice amongst consumers looking for Flats in Mumbai. But which place suits you best is something you need to contemplate.

Just as the look and feel of the house is important so is the place where it is located. The kind of person you are decides much about the kind of place you’ll love. If you are a countryside person and love solitude, a house in the lush Aarey region of Goregaon or the Parsik Hills in Kalwa, away from the hustle-bustle of the suburbs would suit you best. However, if you are someone who would rather dive in the growing modernization that engulfs the metropolitan city of Mumbai, the one place that you should have eyes on are the latest properties in Andheri. Let’s see why.

Nestled in the heart of the city, Andheri has everything one could ask for. Home to many production houses, Andheri has caught interest of many corporate honchos and is a land of some of the top companies in the country including likes of Procter & Gamble,L & T, Hindustan Lever, TCS, etc. It is one of the very few townships that are well-organised and well-connected to the other stretches of the city and is at an appreciably short distance from the Mumbai airport.

Properties in Andheri, such as those offered by Jaycee Homes, can be a prized possession for a modern house-hunter. The prevalence of amenities such as restaurants, shopping malls, entertainment hubs, banks and other financial institutions, hospitals, schools and educational institutions add value to these properties. What else could anyone ask for!

So if you are a house-hunter and are unable to make up your mind about which place to start out with, think about 2 things:

1. Do you want to stay amidst growing modernization?

2. Do you want friends and relatives to envy your luxury house?

If you’ve checked the above two, you know you should start your hunt with Andheri.

Swanky Projects Changing Mumbai’s Skyline

Mumbai is the land of dreams. It’s a place which people from all walks of life have made their own home. Over time, these homes have seen a varying degree of change. The space crunch due to the growing population has resulted in taller buildings. The change has been so vast that Mumbai’s skyline in the coming years could match the likes of Manhattan.

Can this change in approach be attributed to? The first and foremost reason is space crunch. Mumbai being a very populous city, land is a precious commodity. Realtors though, have found a way out of this predicament. Instead of the spacious constructions of the past, builders have started to fully utilize the vertical space which is unlimited in a way. This has resulted in high rises with amazing facilities and equally spacious homes.

The second reason that has resulted in this change is the lifestyle change that has been brought about by the ushering in the new age. Due to the internet, the world has become a smaller place. People know a lot more about various aspects than they ever knew. They wish to live a lifestyle that is at par with the global standards. Due to all this, realty firms are finding unique ways to attract customers. Swankier houses with fully furnished interiors, gardens, parking facilities and much more has become the norm.

Another reason for the revolution is the competition in the realty industry. With more and more projects coming along, there has been a constant effort by the industry players to give customers a refreshing experience. Be it in the form of special schemes, easy installments and much more. None of the players want to stay behind in this race.

While there may be many more reasons for the change, one thing is for sure; buyers are the real beneficiaries of this revolution. A look at the affordable luxury properties in Mumbai like the Jaycee Homes’ Savannah project is enough to convince buyers that the face of reality is changing in the city. With a plethora of top notch amenities like the multiple swimming pool, green house, mini gulf course, billiards room, gym, water fountains, sauna, steam and jacuzzi means that one doesn't need to go far to unwind. Designated barbecue areas and kids play areas, table tennis court, basketball court ensure that youngsters and kids have a good time. High tech security systems also add an extra edge.

With India marching towards further growth the trend is only going to continue. It won’t be a surprise if the upcoming projects in Mumbai will set a new precedent in the real estate sector of the country

Paradise in Powai

There are many tick boxes one must check when it comes to finding a perfect place to call home. A home must be comfortable for its occupants, spacious enough in case you have kids and at the same time be close enough to work to travel to and fro without much of a hassle. Powai, an upper middle class suburb in Mumbai, seems to check all these boxes and more! The residents of Powai have nothing but happy tales to tell of this lovely neighborhood.

Okay, so the residents say the suburb is lovely. But what is it that sets this suburb as a cut above the rest? The most common answer to this question is that the locality is well planned. Think of Powai as a well-oiled machine that operates flawlessly to deliver the best possible standards of living, at a serene and peaceful location. Architecturally sound,Powai’s landscaped gardens contrast its wide concrete roads to maintain a sort of balance to this locality.

One can enjoy all the modern amenities of a city without compromising on the fresh air of the countryside. The Powai Lake, that has become a local attraction of sorts, adds to the tranquil feel of the suburb. The Roman style architecture that transcends the rest of Mumbai makes you feel like you’re come to a whole new city. If that’s not enough, this suburb has little to no illegal structures that would usually clog the roads and cause traffic jams.

Besides having some of the most luxurious residential locations in Mumbai, Powai has quite a number of industrial complexes encompassing it. L&T, Deloitte and CRISIL are some of the more prominent commercial complexes situated around it. The close proximity to these work locations is what caused the rates of properties in powai to skyrocket pretty quickly.

For the foodies planning to buy flats in Mumbai, you won’t be disappointed if you come down to Powai. The suburb boasts of many fine dining restaurants and a number of smaller restaurant chains as well. For those looking for a quick bite on the go, KFC and McDonald’s should prove to be quite efficient in getting the deed done. But if you’re looking for some really good burgers and don’t mind waiting awhile longer for it, Chili’s is a lovely restaurant to serve you to your heart’s content!

If you’re looking at buying a flat in Mumbai with the perfect balance between luxury & cost, Powai is the way to go. When you can own a dream house in the heart of a gorgeous suburb at a lower cost than some of the other parts of Mumbai, why look anywhere else?

Powai: A Suburb of the Future

Powai being located in the north-east neighborhood of Mumbai is said to be on of the most influential localities in the city. The suburb of Powai has seen a staggering growth of residential projects and complexes which has changed the horizon of the city completely. Festivals like Ganesh Chaturthi are big hype in this part of the city with a multitude of people flocking the streets to pay their respects to Lord Ganesha.

Over the years, Powai has evolved to be a residential and commercial hub. Buzzing with a number of gated communities, luxury residential complexes, and happening shopping malls, Powai is the place to be in Mumbai. Be it the upmarket residential locales, or the happening nightlife, Powai is considered to be the face of modern-day Mumbai.

The Indian Institute of Technology, Mumbai or IIT- Bombay 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.

Thousands of job opportunities opened up due to set up of major conglomerates like Bayern, Deloitte, CRISIL, Nomura and Larsen & Toubro which have led a lot of people to flock to this suburb for a job. The setup of these offices has also led to an exponential increase in residential as well commercial spaces in this locality resulting in the growth of this region.

When you buy a flatin Powai you feel like you are in heaven with 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. The enormous skyscrapers in Powai have Roman architecture to it which gives the building a classical look. These buildings also give you a very scenic view of the night life of Mumbai city.

The demand for propertyin Powai has been tremendous. This can be attributed to the well-connected road network, fast-paced urban life, and desirable social infrastructure. The road network in Powai is absolutely excellent with its BEST- run AC and Non-AC bus services. The Jogeshwari-Vikhroli Link Road, which passes through Powai is a bridge between the Eastern and Western Expressway. This helps the residents of Powai travel to any part of Mumbai and beyond with ease.

Powai is all set to see a new landmark in the form of an upcoming bird park. Powai was selected because it was one of the few localities still in tune with nature. Once completed, this 24-acre bird park will be a major landmark in Powai, infusing life in the tourism industry and encouraging further commercial development.

The City of Dreams - Mumbai

Mumbai, the city of dreams, the city where people come to make it big! A city filled with hard workers. It is home to one of the biggest film industries in the world, and yet manages to hold the title of being the biggest slum in the whole of Asia. Mumbai is India’s financial powerhouse, fashion capital and a melting pot of cultures. It has become so diversified over the years that it now has its own dialect; Bambaiyya Hindi, a mix of a little Hindi, English and everything in between. Some of the most expensive real estate can be found here and let’s not forget that most of this city was created on water using garbage and a whole lot of determination.

Contrary to common belief, you may still be alive after that haphazard rickshaw ride or been thrown around by that station crowd. The city has its own unique rhythm that takes a while to get used to, but once you do, everything just seems to fall into place.

The one time of year Mumbai could be termed as intense is during Diwali. Whether you follow Rama or one of the other 330 million Hindu deities, the Festival of Lights is the perfect time to spread positivity and joy. It’s a period of relative prosperity and feels a lot like Christmas. Although, walking through the streets of Mumbai on diwali can test your nerves with all the firecrackers being tossed around by the kids; a safer display takes place on Mumbai’s Chowpatty Beach.

If you’re a diehard Bollywood fan, Mumbai is the right place to experience your 15 minutes of fame. It’s the glittering epicentre for India’s vast Hindi based film industry, and even foreign artists are always welcome here.

Bollywood sometimes churns out more than 900 films a year – more than any other film industry does including Hollywood. Not surprising considering Mumbai has one-sixth of the world’s population as a captive audience, as well as a large number of Non-Resident Indian (NRI) following.

The only challenge one would face when visiting Mumbai, is finding proper accommodation in a city that is already so crowded. Finding residential properties in Mumbai can be compared to finding a needle in a haystack.  But with a little sleuthing around, one can come across the right real estate agents who deal in selling propertiesin Mumbai. Beware though, as staying in an apartment in some of the more posh locations like Town and Bandra will cost you a fortune. Luckily, there are other suburbs that offer much more reasonable options without compromising on the quality of living.