Best New Investment Destinations Near Mumbai

The scenario has been quite bleak when it comes to real estate in India. Mumbai is no exception in this regard. With highly price saturated markets, piling up inventory and lack of demand on part of the mass, Mumbai is definitely witnessing one of its worst realty cycles in history over a period of two to three years. However, there are some great new investment destinations in Mumbai should you be looking for the same. You can invest in flats in Mumbai across several strategic locations that should be the growth nodes of the future. While there is ample property in Mumbai for sale, these locations are being billed as the best investment destinations for those with a nest egg to invest as per property India reports and statistics. A minimum investment of a crore is usually required to purchase property in Mumbai but these destinations will only require between Rs. 20-40 lakhs at the beginning. This should not worry you as this minimal investment will get you unbelievable returns in the near future. Asangaon is set to be a major growth driver of real estate in Mumbai according to experts. This area is a part of Thane and lies along the Nashik-Mumbai Expressway. The locality lies approximately 70 kilometres away from Mumbai city and is being developed rapidly. 2 and 3 BHK apartments are being developed here with sizes between 450 and 1200 sq ft. Properties are available at immensely low prices in this neighborhood in comparison to Navi Mumbai and Thane and the area is home to several manufacturing units and a railway station linked to the Central Line. This locality should offer high returns within the next 2-3 years.

Panvel will also develop further and garner great returns for investors. Panvel is one of Navi Mumbai’s best localities and is well linked to several areas through the Panvel-Sion Expressway, Pune-Mumbai Expressway and the National Highways 17 and 4B. Panvel is also being regarded as an upcoming commercial hub. Ulwe is another residential destination that will offer rich returns on investments to buyers and investors owing to the skyrocketing residential and industrial segments here.

Chennai Properties Allure Investors

Chennai, the capital city of Tamil Nadu, has attracted many people to invest in Chennai real estate. Chennai real estate is booming as the city is equipped with excellent infrastructure, stronghold in software sector, upcoming metro project. The upcoming Chennai Metro that is supposed to be developed in two phases has sparked an interest in properties in Chennai. The properties in Chennai around the Metro area have already witnessed a rise of about 15% in property prices.

Over the years property at Chennai has shown a considerable appreciation but the return on investment has largely been depended on the area of the property site. Properties Chennai located at Central and South Chennai have offered high ROI's whereas North Chennai has not shown any major movement in property prices. In Central Chennai demand for residential properties Chennai has outstripped supply. In Central Chennai particularly, the demand market has performed well. Still, there are localities like GST, Oragadam, and OMR where the number of unused inventories is quiet high on account of lack of demand. The overall transactions for flats for sale in Chennai improved last year.

In South Chennai, traction has been observed in some parts like Thoraipakkam, Perungudi, and Perumbakkam. Over Perumbakkam, a number of mid and high-end realty projects have been launched. Velachery, an area with a strategic location and super-connectivity, has seen price appreciation in last several months. With the construction of several integrated projects , Semnnachery has performed quiet well. Siruseri too has seen a plethora of mid and small segment housing projects going on; the presence of Asia's largest IT Park has awarded it with the commercial and corporate importance. East Coast Road(ECR) is dotted with a number of luxury projects and is witness to a high demand for high-end bungalows.   

Makaan.com was incepted by People Group, the site offers list of properties Chennai and real estate Chennai.

Buy Well-Planned, Low Cost Flats in Mohali

Mohali Property at Makaan.com

When Mohali (better called) was planned to bring into existence, it was decided that it would be modelled after Chandigarh, India’s first planned city. Today, it comprises of more than 110 planned sectors and is becoming popular among those property buyers who want to live sans pollution and traffic-congestion. Delhi NCR is already saturated with population and so, the buyers need to look towards other alternatives. And Mohali is the one. Let’s see why buying a flat here can be a good decision on your part.

Flats in Mohali have been developed with meticulous planning, so they do not seem to grow mindlessly from here and there, as is in Delhi and many other parts of the country. People love to live in houses that have been well-built, are spacious, and have green surroundings. Mohali’s flats are a good example in this regard. As the city is not yet fully developed, the question of over-population does not arise.

Another interesting development is the venturing of tech giants into the city. The famous “quark city” developed by Denver-based Quark Inc. is a good example in this regard. This particular MNC has put into a whopping $500 million into city’s construction. In addition to provide a residential complex, Quark has everything from entertainment centres, educational institutes, cricket stadiums, to health care facilities. Flats in Mohali are going to benefit from this ultra-modern residential cu commercial hub. A Special Economic Zone (SEZ) has also been developed here. The residents are going to get benefitted by the ample job opportunities that this Quarkcity shall generate.

Flats in this particular city come at cheaper rates. Think of Delhi, where for a 1000sq. ft. 2 BHK apartment, a buyer needs to pay around 40-45 lacs; in Mohali, it is available within price-range of 20-30lacs. Though there are high-end sectors too here, but city, as a whole, can be called the best budget options for the buyers.

Buy, sell, or rent flats in Mohali and other cities of Delhi NCR over property site, Makaan.com. Buy house that fits within your budget and offers you the best amenities.

Property Sites: How Handy Are They?

Property Site Makaan.com

With the demand for housing in India escalating day by day, the supply market is keeping its wings all open to accommodate the ask. The real estate market in India is multiplying like never before and so are the property sites that enlist thousands of available properties from developers, landowners, and dealers across the country. Seeing that the buyers cannot keep track of every property that suits their needs, the information over these sites proves quiet handy to them. The data is continually updated and one is at the liberty of choosing from a plentiful of options.

Once you land at any real estate website, you can search the type of house or plot you are in need of. Such a portal gives you options in terms of important parameters like location, price per sq. feet, budget range, area, number of rooms, property type, age, furnishing state, and number of amenities made available. This allows you to get fine-tuned results, those that  match closely with your requirements.

Apart from being a source for residential houses, individual rooms, apartments, and floors, the real estate sites also advertise on commercial spaces like shops, malls, complexes, and offices. Lands, plots, and under construction structures too can be located over there. To add to this basic search functionality for the buyers,  such sites do help developers, dealers, landlords, and promoters to get their properties get listed online, thus providing them a platform to showcase what they intend to sell. This way, they can reach out to a wider customer base.

If a buyer does not get what he wants, he can even post his specific requirements over these property sites. The sellers, on getting acquainted with their needs, can contact if they have something on hand to offer. Then, there are many portals that keep forums over which people can interact, discuss, and provide feedback. One may post his individual requirements, can make others acquainted with his knowledge of a real estate issue, or simply his experience of living in a  particular locality. There are several handy tools like EMI calculators, helping people calculate their taxes and interests, without getting much into the mathematical calculations. One can get tips and advice from property professionals and well-learned people. Those not aware of real estate laws and regulatory mechanism can pore into the portals and brush up their knowledge.

With a couple of real estate sites at your disposal, you can easily locate what you have been looking for in terms of a residential/commercial space. While some of them cater only to particular region or cities, there are others that cover the localities from all over India.

At Makaan.com, India's fastest growing property site, you can search 1, 2, 3 BHK rooms, flats, houses, plots, and commercial properties advertised by various sellers, promoters and land owners.

Buying Properties: Look Before you Make a Leap

Property at Makaan.com

You cant' just do it: Choose a property and pay right away!! There are certain legalities that you must pay heed to or you could end up being caught into hoodwinking or paying more that you get in return. In the absence of any concrete regularization of properties and flaws in the law- implementation procedures, buyers often have to face counterfeiting or not receiving what they paid for. The higher authorities too refrain from taking any action against such dealers and the developers. There are certain things you need to check and sort out before you pay even a single penny of your hard earned money.

Check the authenticity of the dealer: Buying a house/plot/land requires generation of identification-documents on your part. The same is expected from the real estate dealers/developers/agents also; before you enter into an agreement with them, ask them to furnish all their identity proofs like PAN/ Aadhar Card/Voter ID etc. These documents must also be signed by them in ink. In fact, have their signatures for all the papers involved in transactions.

Scrutinize all the documents related to house/plot/land: The developers and dealers need to furnish all the documents related to the properties they intend to sell. Being a buyer, ask them to show you papers like water and electricity bills. There have been cases in Delhi/NCR where a developers did not even apply for water connections after submitting the completion of projects. The residents, after the occupation , got to know about this and were to forced get to use ground water for drinking/cooking. To avoid such fraudulence, scrutinize all the papers before taking the deal any further.  Ask them to show completion certificates and the final layout papers. Many times, the developers tend to add more houses to the final layout to reap profits, thus compromising amenities available to a buyer. The most important is the agreement document which should be prepared by a well-read lawyer. Also check if the documents are all authentic and have been issued by the valid authorities.

Inquire from Local Residents: No one can tell you better about a property than the residents that are the current occupants there. Through them, you can get to know about the disputes, if any, linked to the properties there. The real estate in India is prone to laxities and loopholes. So, it is better to do the thorough investigation of the things beforehand.

Take loans from Banks: Purchasing a house by taking loan from a bank is an advisable thing to do. Banks make an inquiry on their part for the authenticity of the properties; this way you are already saved from a number of frauds.

At Makaan.com, India's fastest growing property website, search rooms/houses/plots available for buying and renting from renowned developers and dealers.

Indian Real Estate is Emerging and Attracting Investors

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India’s reputation today is no more limited as a retail and manufacturing hub but has also emerged to be a major player in the real estate market. The increasing urbanisation, rising incomes of the people and favourable demographics are some of the factors that has made it a hot investment destination. Infrastructural development is also one of the prime factors that influence the price rise of properties.

According to reports, although the Indian real estate industry has been volatile since the year 2008 because of the     global financial meltdown but over the years it reached new heights characterised by growth in demand with the infrastructure activities.

With the improvement of global economy, the prospects of Indian real estate market also showed positive signs. The residential segment witnessed a rise in the sales as it was fundamentally driven by rising incomes of individuals, infrastructure and urbanisation. Residential properties especially that are well connected to IT offices, malls and Special Economic Zones are in high demand as they cut down the time and energy wasted while commuting to work stations. Cities such as Gurgaon, Delhi, Noida, Hyderabad and Bangalore are some of the best examples of residential development.

The growth and expansion of this segment continued with the demand for luxury and lavish living lifestyle along with social infrastructure.

But the demand for small and good quality houses surpassed the demand for luxury housing units because of the affordability. Urban working class sees such residential units as a major investment option that would give good returns in long term.

To woo home buyers, developers are coming up with 1/2 BHK housing units with various attractive offers and schemes such as easy finance scheme, no processing fee and house insurance.

But home buyers realize that buying a property for investment purpose is a crucial decision and so instead of approaching real estate agents are turning to real estate websites. Taking the help of the property portals home buyers collate information pertaining to plots, apartments, villas, pent house and studios available for rent/lease/sale. They are trying to get the correct insights in regards of the rate of interest, price rise, right time to purchase and other significant decisions that would play a role in making the valuable purchase decisions. A good property website acts as an assistant by providing relevant information.

Because of the rising value and good returns from the properties, investors from overseas are trying to enter the real estate market of India.

Delhi properties have never lost its sheen in global real estate market

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Demand for Delhi properties always remain on high because it is the national capital and its proximity to the cities of North India. Deep-pocketed buyers are looking for every opportunity available to buy a property for sale in Delhi because the properties are on the list of India’s residential address.

The value of property Delhi have increased manifold over the decades. The areas of South Delhi and Central Delhi has skyrocketed in the last few years because of the social infrastructure and planned localities. The government authorities are planning to make the city a hot real estate destination in the global market.

The national capital witnesses the demand for properties because of the migrant workers and the government offices. And because of the short supply and housing demand from the working populace, Delhi is also a good rental property market. The 1 and 2 BHK category housing units are the preferred choices of the working class as they are low in rentals and affordable. For instance, the rent of 1BHK usually ranges from rupees 4,000-5,000 per month.

On the short supply and rising demand of houses the property prices of Central Delhi has shoot up to a great extent. According to reports, property such as Lutyen’s Bungalow Zone has increased 8-fold in the past decade. Owning a bungalow in Central Delhi is desire of several prominent industrialists and business tycoons. The bungalows and private properties that lie in this area are sure to fetch not less than 100 crores because of the high demand and low supply. 

Prices of properties in South Delhi are also increasing at an alarming rate with major realty developers are coming up with luxury housing projects. A report says that Godrej Properties has inked an agreement with Southend Infrastructure to develop a luxury residential housing project in Okhla Phase-1 which is located on the road that connects Greater Kailish and Mathura road.

Residential units in Delhi that are connected to NCR are in high demand. For instance, Dwarka, Anand Vihar, Vasant Kunj, Vasant Vihar, Pandav Nagar and Mayur Vihar are some of the locations that are well connected to Gurgaon, Noida and Faridabad that are IT hubs. 

Home buyers in Delhi consider a few conditions while searching for a property or real estate Delhi such as affordability, transport connectivity and ready-to-move-in property.

With the inclusion of three more districts in NCR, namely Bhiwani, Mahendragarh and Bharatpur experts believe that it will have a significant impact on the property prices and demand for real estate Delhi.

Makaan.com Introduces - Advanced Search

Shopping for a property can be time consuming, no matter where it takes place. Recently, Indian property portal Makaan.com conducted a research, which addressed this issue. According to Makaan’s study, first time home buyers in India spend between three to eight months in the search process (search time varies from one city to another).

It appears that buyers initially conduct a somewhat generic, or broad search, so to get an idea of the market, but as time progresses their criteria becomes more specific and focused. Recognising the need for a more specific search option, the property portal has just rolled out the ‘Advanced Search’ feature on its website.

The advance search offers over 10 parameters (as against four in the basic search) including property type, budget, city, location, age of construction, amenities, listed by, new or resale property and real estate etc. These options are tailor made to make the property search faster and sharper for buyers with specific buying criteria.

Commenting on the development, Aditya Verma, CEO, Makaan.com said, “The advance search feature was conceptualised post our recent research to cater to the requirements of buyers who have been in the market for some time and have firmed-up their requirements. It will be beneficial for the second or third time home buyers as well.”  

Real estate India a lucrative investment destination

Real estate is considered to be a lucrative investment option. The property investment market in India has recorded a growth signalling to be a good future. According to Cushman & Wakefield report International Investment Atlas, Indian real estate was among the top 20 real estate investment markets during 2012.

Many realty market experts view that buying a property in India is similar to buying gold and putting it in bank. Not only investors but even urban working class highly prefer to invest in real estate as they believe the investment would definitely give good returns. 

Compared to buying shares & stocks, many consider real estate to be a safer investment option. Moreover, buying a plot or house signifies financial security for a family. Many view it to be a wise and long-term investment with practical utility. But the fact property as a lucrative investment needs time to give good returns.

With the rising market of Real estate in India, investors are eyeing to invest in residential units and commercial development sites, leases and more. Smart investors and home buyers are browsing the realty sites trying to spot good deals across the country or in all major cities. The realty sites are indeed helpful in finding potential property with specific to location, budget, locality, space and other amenities. Home buyers or sellers even post their requirements on realty sites such as Makaan.com to find properties that perfectly match their requirements.

In India, it is seen the urban working class are more inclined towards making investment in emerging Tier-II and Tier-III cities such as Chandigarh, Pune, Bhiwadi and more. 

Reports say that huge investors or professional investors choose properties from Tier-I such as Bangalore, Hyderabad, Mumbai, Chennai, Delhi, Noida and more. However, a survey reports Mumbai realty market continues to be most unaffordable because of the city’s under construction units are priced at over the whopping amount of Rs 1 crore.

Indian real estate is attracting not only domestic investors but also NRIs who are looking for a safe investment option to invest their money or thinking of settling down a few years later. 

Though the prices of real estate in India are incessantly increasing because of the premium projects and new infra projects the absorption rate has hardly been affected. More and more developers are coming up with luxury residential projects which will only create a positive impact on the realty market of India.