Mumbai: Home To Ultra-Modern Houses

Last week, I had guests coming over for dinner. When asked what they would like to have – tea or coffee, the couple’s kid promptly asked if we had  Wi-Fi connection and if he can  access it. I wasn’t surprised.

Those days are history when all you really needed is a big spacious house with ample square meters to house your family comfortably. Back in those days, no one really cared about parking lots or in-house gymnasiums or amphitheaters. Contemporary kitchens lacked the elegance of modular kitchens and they still worked properly. Modern baths with extravagant fittings were tales of king castles; people sufficed themselves with just the regular baths and sinks.

Whether it is about sending your kid to a celebrity status school or the master-bedroom in your house, we just cannot imagine life without everything being king-size. Why should it be any different when buying a house?

The outlook has changed, so has the demands. People no more want just a 4-storey common building with a single elevator. They need more. And although this may cost them the savings of their lifetimes, they want to do it right. Just how they’d dreamt it!

Tonnes of projects have been lined up across the country with lucrative offers to attract elite buyers. Delhi, Bangalore, Mumbai, Noida, and Pune, are all destinations for ultra-modern homes. But with the luxury properties in mumbai, it is once again the gold mine for house seekers.

These properties in mumbai such as Elegance and Solitaire by Jaycee Homes offer everything a dream home must have. From lavish one apartments per floor to personalized elevator, Italian marble floors to gourmet kitchen, these houses just make your dreams appear too small.

While planning to buy a house, you no more need to look for the amenities. Just look for the right name and you get all you desire in one package. What you need to check though is if it is in a locality you find yourself driving out and back home, day after day. Does it have all the essentials at arm’s length – cafes, supermarkets, malls, boutiques, schools and health centers?

And lastly, walking into the area to do a ground check for competitor prices would do no harm. After all, saving a good penny is the blood life of any good investor.

Why Juhu is a great place for you!

Juhu beach, which is located in the suburb of Juhu, is a prime attraction and also a great landmark in the quick paced metropolitan city of Mumbai. It has always been the first thought that comes to one’s mind when someone refers to beaches in Mumbai. Surrounded by Santacruz and Vile Parle to the east, Versova to the north, the Arabian Sea on the west, and Khar to the south, this suburb is centrally located and hence people flock here from every corner of Mumbai. Some of the closest railway stations to this area are Andheri station, Vile Parle station and Santacruz station on the Harbour and Western Line of Mumbai’s Suburban Railway system.

Juhu is amongst the wealthiest and well-renowned suburbs of Mumbai and is home to Bollywood stars. Some of the biggest names in Bollywood like the Bachchans own two bungalows in Juhu. One will often see fans standing outside these Bachchan Bungalows with gifts, hoping to get a chance to meet their idols.

As mentioned earlier, Juhu Beach is a beach that is well-known amongst every Mumbaikar. Would you believe that it has actually grown so popular amongst the masses that it has become one of the most iconic Indian beaches till date? It has also won the ranks of being one of the most-visited beaches in India. Being located at a mere 18 km from the city’s centre, it attracts crowds across this vivacious city.

Tourists frequent this beach to enjoy its scenic and eye-pleasing sights. A wide range of local street food or ‘chaat’ as the locals call it is sold in abundance at this beach. Everything from burgers & fries to panipuri and dosas; you name it and Juhu serves it! After a long and tedious day, most locals come to the beach to simply de-stress and unwind. Fine dining restaurants line the beach and serve a variety of cuisines.

It isn’t a wonder that flats in Juhu are in such high demand nowadays, thanks to its close proximity to the beach. The location is definitely worth your hard earned money, as the view of the beach is great and you’re just a stone’s throw away from it.

If you’re still looking for more reasons to convince you to settle in Juhu, consider the fact that it is strategically located and hence is well connected to all the other suburbs in Mumbai. One could simply take the Western Express Highway or take a train via Vile Parle station to then have access to the rest of Mumbai.

If you are in the market and looking at current project in Mumbai, consider taking a flat in Juhu. Try to get a house that is sea facing, else you may miss out on the tranquil view of the beach.

Buying Property? Things To Look In A Reputed Developer

India’s economy is a fast growing one and is touted to grow at a quick pace in the years to come. Mumbai, being the commercial capital of the country, enjoys a lot of the benefits. Due to the growth, people have become more and more confident of investing in real estate. Although the situation looks quite bright, home buying is still a big deal. So, it is essential that nothing be left to chance.

The first and foremost thing that any new buyer can do is buy a house in a project which is being developed by a reputed developer. This ensures that your hard earned money stays intact and there is no chance of fraud. Also, you can be rest assured of the product quality. So what are the factors that constitute for a reputed developer? Here’s a list that tells you.

With reputed developers there is little chance of the paperwork being off the mark. They have a big name in the industry and often comply with all the rules and regulations. All kinds of permissions are sought before undertaking the project. Novice builders often don’t abide the law and legally sanctify the project.

Developers of repute start with selling their property way before the project has been completed. Buying a property in an under construction project allows you to get a time-frame of the completion of the property. The reputed developers are known for keeping their promises. They tend to deliver on time. Adequate funding on their part enables to complete their projects on time. Struggling builders on the other hand are budget strung and fall short on delivering their promises.

Structural superiority is a trademark of reputed developers. All their projects are made by qualified engineers; hence there is no chance of an untoward incident. Even the most minute aspects are looked into in great detail. Current projects in Mumbai by Jaycee Homes are a classic example of that. Contrary to this, struggling builders often come up with inferior quality work.

World class amenities is a given when well-known builders are in the picture. With the increase in income of people, their ambitions when it comes to a perfect home have gone up. This is where recognised builders have the edge over struggling ones. They strive to provide facilities like swimming pool, internal roads, club houses, kids area, open spaces for elders, and top notch electronic security systems. Some of the flats in Andheri, Juhu, Powai by known developers have all these facilities and more. Top developers strive to provide the best lifestyle to their clients; in contrast to this non-reputed developers are busy providing only bare minimums to their clients.

It is always a smart option to buy flats in projects that are being built by experienced players in the industry to avoid all the hassles that come later.

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.

Owning a Home in the City of Dreams

Anyone who is smitten by the charm of Mumbai dreams of owning a house in this premium metropolis. The real estate scene of Mumbai is appreciative with more and more people inhabiting different areas of the city. Everybody wants to own a home in this busy and thriving city, and the options are never ending. From small town immigrants to NRIs, all are on the lookout for properties in Mumbai. From prime locations to chaste outskirts, all of it has something to offer to the wide range of home buyers.

Though there is a conglomeration of properties in the prime areas like south Mumbai, central and western suburbs, there is now a boom of viable options in lesser explored areas like Thane and the eastern suburbs. The cross-section of customers is exposed to a variety of housing styles and prices. Realtors are working on enticing the buyers with exciting apartment sizes, amenities and secure localities. Currently, the concept of townships is catching on as it meets the need of the city dweller to upgrade to a better family lifestyle. The younger crowd is more keen on compact and chic studio apartments amidst the hustle-bustle, while the working class is inclined towards secure and serene residential areas. 

With a revamped socio-civic infrastructure in most areas of Mumbai, the realty scenario seems to be looking up. You can own your dream home in any area of your choice and still be connected to schools, hospitals and shopping malls. The electricity and water issues have also been solved and there is 24/7 supply which assures better and stress-free living. These developments also guarantee a secure and high-quality retired life.

Connectivity has always been convenient in Mumbai and with the Metro coming into action it gets even better. Whether you are a youngster, family guy or someone looking for a home away from home in the business capital of India, the real estate here is sure to meet your expectations.

As per an article on the website of the newspaper DNA,  the City and Industrial Corporation (CIDCO) has recently released 350 hectares of land for residential construction. This definitely is a positive reaffirmation of the mushrooming property options in Mumbai. So all you got to do is choose a desired locality and select from a sea of housing set-ups, a home that you always dreamt of.  

Flats in Mumbai are in Demand

Mumbai is one of the biggest property markets in India. The demand for housing in this city is on the rise. But, instead of the traditional regions of high importance, people have started looking elsewhere to fulfil their dreams.
Currently, the fresh projects being planned belong to affordable and ultra luxury category. The reason the demand for Flats in Mumbai is so high because of the major infrastructure projects that are coming up in the city. A classic example of that are regions like Chembur and Ghatkopar who have seen a surge in demand due to the Eastern Freeway. The adjoining eastern suburbs like Mulund, Kanjurmarg etc. have also caught the attention of the buyer.
The Mumbai Metro has turned out to be a boon for suburbs like Vikhroli. Because of the metro, the east-west connectivity has improved greatly. The monorail in the Chembur-Wadala-Jacob’s Circle region has also had the same impact. The regions like Powai have seen a change of fortunes.
The future is bright for those living in the Borivali to Virar region as the satellite towns are developing at a fast pace. The projects like the Mumbai Trans-Harbour Link, the newly planned international airport and metro rail for Navi Mumbai have provided a new lease of life to that area. Virar-Alibaug multi-modal corridor elevated eastern freeway, Churchgate-Virar elevated rail corridor means that Mumbai will remain in hot demand on the property front.
One of the localities which of late have garnered plenty of interest among the people who want to invest in real estate of the city is, Shilphata. The area is well connected to other important destinations and cities like Goa, Pune and Mumbai Metropolitan Region.
Although the expectations from Non Residential Indian weren’t up to scratch in the rest of the country, Mumbai has emerged as the winner in the race to attract investments, especially from the U.A.E, according to a recent survey. The garden city of Bangalore came in second on the preference of NRI investors.  Mumbai amassed 31.86% of the total NRI investment that the country received.
The interesting thing to note here is that, out of all the investment made by the NRIs 31% of it was only for properties which cost 75 lakh or more, while 53% of investors were looking for properties in the range of INR 25 lakh and INR 75 lakh. People searching for the high-end segment properties, belonged to the remaining 16%, according to a survey.

Having a House in Mumbai Gives You Financial Security

Being one of the major financial hubs in India and home to Bollywood, Mumbai has become a booming metropolitan city that’s on its way to reaching new heights. But being a city with all the modern amenities just a stone’s throw away from no matter where you are does come at a price… a very hefty price.

Don’t let this fact dishearten you though, as there is more to Mumbai’s real estate than meets the eye. Property in Mumbai, like in most other cities, has always shown a trend of steadily appreciating in value. This means that you can almost never go in loss when buying property in Mumbai, unless of course, the property you purchase is in dire need of repairs. If you are amongst the lucky few who have inherited property in Mumbai from your family, consider yourself sitting on a goldmine of an asset. Properties and houses in Mumbai sell for a king’s ransom, and owning such properties ensure you have financial security.

You never know when something unfortunate could happen and you’re in need of financial backing. It is always a good idea to invest money in buying yourself real estate as it serves you two purposes. On one hand, you have the ability to rent the house out to potential tenants and earn a steady flow of income. On the other hand, you may sell the house at any point in time for a sizeable amount, thus liquidizing your asset. The fact that you live in Mumbai, means that you are almost always guaranteed to make a good profit when you sell real estate.

Most people shake off the thought of purchasing property in Mumbai as they feel intimidated by the cost. The good news is that you don’t need to go out of your way to invest in property in the city. Even a little goes a long way when it comes to real estate. Some people in Mumbai go to the extent of purchasing a plot as small as 150 square feet and renting it out as a chawl. The idea behind making such investments is that you ensure a steady income from your savings, and receive returns that are considerably more than what one can expect from depositing the money in the bank.

So, remember, the next time you need to stash away some extra money, consider making your savings work for you. Invest that money in real estate as per your budget, where the returns are high and the risks are low.