Best Locations In Mumbai To Buy Residential Property

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Mumbai-the commercial capital of the country and home to the Indian film industry, has always been a preferred choice for buying, selling or renting properties in India. It is recognized as an IT/ITES hub and this has led to a thriving demand for properties. Despite the skyrocketing real estate prices, the city has something to offer for every class of the society to invest in real estate.

Due to large scale urbanization in the suburbs, Mumbai is expected to see very high demand for residential space of approximately 16.40 lakh units. The mid-scale and affordable housing in suburban and peripheral areas will be the focus of this demand.

The eastern suburban areas of Navi Mumbai, like Kharghar, Airoli, CBD Belapur, and Sanpada which have been getting a lot of infrastructural developments, happen to be good investment options. Rates in Navi Mumbai range between Rs.3000 to Rs.5000 per sq ft. While the North Western and Eastern suburbs continue to be the preferred locations; in Mumbai, the demand has continued and there are some new projects coming up in South Mumbai. Also, Central Mumbai areas e.g. Wadala, Sion etc are coming up with new residential ventures.

Navi Mumbai is getting the larger share of the pie, as most of the real estate projects are coming up here and the prices are affordable as compared to Mumbai. Many options are still available in Mumbai, wherein you can afford to have an abode of your own. Lets have a look at a few of them:

Kurla- One of the major suburb of Mumbai, the suburban railway station lies on the Central and Harbour line. Lokmanya Tilak Terminus lies near to the Kurla Suburban Station, which is a terminus for out passenger/express trains. It has its own railway junction and is 3.5 Kms away from the domestic airport and 13.5-14kms from Mumbai Central and Mumbai CST respectively. The locality has got Engineering Colleges as well, apart from lots of schools and various other educational institutions.

Borivali- The Borivali suburban railway station is on the Western Line. Located in the North-Western Mumbai, it is one of the few places in the world that has got a National park within the city limits-The Sanjay Gandhi National Park. There are a number of well known educational institutions managed by the Franciscan Brothers. The very famous amusement park, “Essel World” and Asia’s largest water park “Water Kingdom” are located here. It is at a distance of approximately 18 Km from the airport and 32 Km from the Mumbai Central.

Sion- The Sion suburban railway station lies between Matunga and Kurla on the Central line. There are a few residential projects coming up in this area. The Central Labour Institute is nearby and other schools and colleges are also there. Not only the local trains, but also the Sion BEST bus depot connects it well to other localities like Wadala, Dadar, Antop Hill, Bandra etc.

Vikhroli- This Mumbai suburb has a railway station with the same name on the Central line. Similar to many other areas in Mumbai, it is divided by the railway line between two parts, namely Vikhroli East and Vikhroli West. There has been a proposal for a bridge to be built over Thane creek to Kopar Khairne, Navi Mumbai, the third linkage between Navi Mumbai to Mumbai. It lies between the Ghatkopar and Kanjurmarg Suburban Railway Stations.

Chembur- Located 22 Km to the North-East of Churchgate, Chembur is located in the eastern part of Mumbai. The Suburban Railway station of Chembur is on the Harbour Line. Owing to its central location, it is well connected via roads to Navi Mumbai, Ghatkopar, Sion, Kurla, Mulund, Mankhurd, Panvel and Thane. The NG Acharya Garden or Diamond Garden, Sandu Garden and Pestom Garden. are the major attractions of Chembur. It is about 20 Km from the international airport and 18 Km from the CST railway station.

Jogeshwari- Jogeshwari Suburban Railway station lies on the Western Line between Andheri and Goregaon. Jogeshwari-Vikhroli Link Road or JVLR, as it is popularly known connects it to the central suburb of Vikhroli. The place is mostly inhabited by Muslims and Maharashtrians. The suburb is named after Goddess Jogeshwari. There are some earlier caves in the eastern part of the region, dedicated to Lord Shiva and Goddess Jogeshwari. There are some of the well known schools and colleges in the area.

Ghatkopar- One of the richest suburbs of the city, the place is filled with all kinds of shopping centers, jewelers’ shops, cloth shops, eateries etc. It lies on the Central Line of the suburban railway station, between Vidyavihar and Vikhroli. North Bombay Welfare Society High School (Ghatkopar West), Fatima High School (in the border area with Vidyavihar), Gurukul High School (Ghatkopar East), Garodia High School (Garodia Nagar), Ramji Assar High School (Ghatkopar East) area few private schools in the area. For arts, Science, Management, Engineering and Medicine streams, the famous Somaiya family of colleges is here. In addition, the suburb is served by at least three Municipal schools. It lies 6 Km from the international airport and about 18 and 16 Km from CST and Mumbai Central respectively.

Goregaon- It is a major suburban railway station on the Western Line between Jogeshwari and Malad. It is in the northern part of the city and is easily accessible by buses, trains, auto-rickshaws and taxis. Not only has it housed the famous film studios Filmistaan and Film City (in Goregaon East) but also the cinemas like Anupam and Samrat. Goregaon West is known to have most of the shopping centres of the locality. The Western Express Highway and Linking road lie on either side of the area. It is primarily a middle class locality.

Malad- It is well known for Marve/Aksa/Erangal beaches where the famous Raheja group hotels Resort/Retreat are situated. It is on the Western Line of the Suburban Railway between Goregaon and Kandivali. There are a number of shopping centres, markets, theaters etc in the locality. Malad East has many popular housing colonies like Raheja Township, Govind Nagar, Mahindra Nagar and Pratap Nagar. Mahindra Nagar is a clean and green society, which was nominated as the second most pollution-free area in Mumbai by Eureka Forbes after Aarey Colony in Goregaon.

Area-Avg Price/Sqft(INR)-Avg Rent/Sqft (INR)
Kurla(East/West)-6092 / 7688-21 / 29
Borivali(East/West)-6330 / 6884-21 / 18
Vikhroli(East/West)-6051 / 6609-19 / 24
Ghatkopar(East/West)-7458 / 6880-26 / 24
Malad(East/West)-7204 / 5336-24 / 25
Jogeshwari(East/West)-9190 / 7309-32 / 28
Goregaon(East/West)-7605 / 7968-25 / 25
Chembur-8367-25

The above localities offer a lucrative option for real estate investments. These are well developed and have a better infrastructure in comparison to the developing Navi Mumbai suburbs. Also, they offer a cheaper rental as well as capital values, when compared to the Mumbai’s Golden triangle, Malabar Hill, Breach Candy and Altamount Road and other costly areas, where residential properties sell in the range from 40000-62000 Rs/Sqft .

Penang Property Market Bubble Is The Same Going To Burst Soon

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Penang in Malaysia is a favored destination for property investors coming from all over the world. The growthPenang real estatehas seen in the recent years is not just good, but commendable. But, as its said too much of anything is negative, similar trend is now being noticed in the property scenario at Penang. The analysts and buyers together have indicated a parallel finding saying that the property bubble in this island is soon going to burst. This statement became very popular two years back and the same thing is now being noticed.

Most say that the property bubble burst is all about demand and supply. Its clearly seen that the supply for new properties constructed on better themes is much more than the demand for the same. As more and more developers are hopping in theproperties malaysia, the price appreciation this commodity has seen is very big. Considering a country, the majority population consists of people who belong to the middle income group. Thus, these buyers are moreover in the lookout for affordable homes.

The people in Malaysia and outside have different opinions where property demand is concerned. While some believe that property burst will soon creep in, still others think that nothing like this will happen not just now, but even in the near future. The properties in Penang were undervalued some 5 years back and the trend did not show increase as it was supposed to show.

Moreover the opinion most people have towards this is biased. If the supply remains good and the demand rises proportionally then there will be a gradual increase in the scenario and it will moreover remain stable. Maybe a little slowdown will be seen down two or three years from now but that would be a temporary thing and the results will not last long with the prices and demand soon getting back on track. Theproperty malaysiamarket is expected to remain stable and similar trend is anticipated for Penang too.

Considering that Penang has always managed to catch an eye of investors from all over saying that the property market here will see stable growth will not be exaggerating. Everything about Penang is ideal for any investor seeking to invest on a property that will promise them great returns in the future.

Penang as a property hotspot boasts the best of both world, the modernity of the 21st century and an architectural past that is rich and can charm anyone with the old world look and trend. All in all, people still have a biased opinion, but considering the majority population, buyers have a positive belief in the property market of Penang and are still investing in this island to enjoy a great financial return later in life.

Well, in the end is good to be practical as life is totally unpredictable. We should always remain prepared for the worst and should invest on property only keeping in mind that it may burst anytime in future.

South Delhi The Most Happening Residential Place In Delhi Property Market

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South Delhi is the most happening residential place in Delhi property market. The major residential localities in South Delhi include: Ashram, Amrit Puri, Alakananda, Anand Lok, Amar Colony, Bijwasan, Bhogal, Bikaji Cama Place, C.R. Park, Defence Colony, Central Market, Delhi Cantt, Dilshad Garden, East Of Kailash, Deoli Village, Freedom Fighter Colony, Ghitorni, Friends Colony, Gautam Nagar, Golf Link, Hauz Khas, Green Park, Greater Kailash, Gulmohar Park, Jasola Vihar, Kailash Colony, Jungpura, Jasola Vihar, Jamia Nagar, Kailash Colony, Lajpat Nagar, Kalkaji, Khan Market, Nehru Place, Munirka, Mahipalpur, Mehrauli, Malviya Nagar, Malviya Nagar, Netaji Nagar, Okhla, New Friends Colony, Nizamuddin, Okhla Industrial Area, Niti Bagh, Safdarjung Enclave, R K Puram, Panchsheel Park, South Extn., Sudarshan Nagar, Sheikh Sarai, Saket, Sangam Vihar, Sarojini Nagar, Sarita Vihar, Sarvpriya Vihar, Vasant Vihar, Sunder Nagar, Vasant Kunj, etc. Being the most prominent residential parts of Delhi, the real estate market in these locations of South Delhi is vibrant with talks, deals and transactions.

South Delhi has been rated to be the most preferred residential place of most of the people who look for a hassle-free accommodation. Be it businessmen, corporate executives, government servants or public sector employees, South Delhi is their first choice when residential property matter is concerned. This has made property market in this location very much vibrant and active. Hotel Leela Ventures Ltd. alone has invested recently Rs.611 crore in this region primarily because of the popularity of this place. It was through a highly competitive bid the Leela group acquired the property. The group outbid other players such as Emaar-MGF, Indian Hotels, Uppal Builders, ITC, Park Hotel, Positive Builders, etc. to grab a 3-acre estate in the heart of Delhi by paying a hefty sum of Rs.611 crore against a reserve price of Rs.300 crore. Reportedly, this high priced plot is to be changed into deluxe apartments and other residential complexes.

There are reasons for the upward trend in South Delhi residential property market. A high-paying corporate sector, Central and State Governments’ salary hike, presence of world class property developers building trendy residential units, etc. have lent a fillip to the real estate market in the region. Estimably, property values are to go up in the coming years as there is a mismatch in the demand-supply matrix. The national capital of India, a leading industrial centre, the primary educational centre, etc. are factors which trigger migration to Delhi and this in turn has augmented the demand for residential property in South Delhi. However, a number of mega residential unit projects of the major infrastructure development companies are going on at different locations in the city.

Things To Remember While Buying Property In India

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It is not easy task to buy the property in India. As the prices to buy a house or plot in India is increasing day by day. And it has become a huge process to purchase any property in cities like ahmdabad, baroda, rajkot. If you have managed do properly in regards to documents for the process on buying the property. You might be facing a huge problem in the future. So the property documents should be according to the terms and condition and should be done by the legal advisor. Once the property has bought, you have to protect them by fencing around the property. You should install the other security measures to avoid the illegal things to happen. The task is not up to buying the property, after that you have to develop it which is not easy thing to do as well. You have managed the task like security at the first, plumbing, electricity, water supplies according to their rules, and also manage any unfixed thing. However it is easy to find the land for the residential area. But if you want to buy property or Home for rent in Vadodara land for the agriculture thing you will have to face many issues like legal permission to get it approve. This thing will take long time to process and also needs good affords to clear off all the documents from government.

Suppose you are interesting to buy a flat or apartment. You have to be careful in many more things like start with the documents at first, plumbing, doors, windows, and also you have to make sure that the switched are well fixed. Another hassle thing is to look at the home loan. If you have home loan taken for your property, you have to aware and plan for the entire instalment. You will be most likely to have real payment starting just after you paid the entire amount. You also have to make sure you pay the amount on time to avoid the extra charges.

If you bough a land and you are going to construct on it. It will be difficult task to manage the construction on side. You have to look after for every small thing while constructing your house. You have to pay more in constructing house as there will be extra charges like approving the plan for construction, pay for architecture. Many real estate agent in Vadodara is great place to invest your money as the prices are increasing.

Trouble-free property sales, purchases and commercial property management in Brisbane

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The most important, and most expensive, purchase most of us make during our lifetime is our home – whether it’s a modern city apartment, a pretty suburban house or a heritage home somewhere in a rural area of surpassing beauty. Those in the know have been known to state that the third most stressful activity for us humans after death and divorce is buying or selling a residential property. It’s not just the paperwork, the search for the right home or the right buyer and the stress of the move itself, it’s because, if we’re buying, it has to be perfect and, if we’re selling, we’re letting go of a part of ourselves.

Everyone’s heard the best-known buzzwords in the real estate sector by now – location, location, location! It’s only too true, and only too tricky to get right without professional help. If local authority planning offices aren’t checked carefully, that magnificent view over green acres can turn into the latest version of condo-land or a factory estate almost overnight. Establishing correct land titles and other legal nightmares aren’t for amateurs, and a brand new paint job inside and outside doesn’t mean the foundations are safe!

Over the years, estate agents in general haven’t had a good press, perhaps unfairly in a good few cases. Many real estate agents are long-established family businesses now being run by the adult children of their founders, and know the community and its housing and commercial stock as well as their own back gardens. They’re caring, trustworthy and professional, and finding a good one isn’t that tough, especially if you live in Brisbane. If you’re looking for a choice of real estate agents, Brisbane is well supplied with a long list, and you’ll find Calibre Real Estate right at the top.

These good people don’t just care about profits or targets as to the number of homes sold! They care about the buyers and sellers as regards finding them a home they’re overjoyed with or the right price as part of a hassle-free sale. They’re also experts in property management, offering a first-class service to buy-to-let investors, commercial property owners or those needing to let their home in order to work elsewhere in Australia or overseas for a period of time. For the letting of commercial properties, an experienced Brisbane property manager is essential, and Calibre’s team will take care of everything including overseeing rental payments and dealing with maintenance issues.

Leasing, whether it’s a commercial property or rental home, is a complicated procedure best left to the experts, and involves maximizing rental yields as well as making sure the lessee is financially viable. Time frames are important, as property standing empty can deteriorate fast as well as generating no income. Calibre’s excellent marketing strategies utilize signage, print, online and email marketing to their broad database of clients as well as to prospective tenants.

Throughout the process, owners are kept informed of the level of interest garnered by ads and enquiries by interested parties, and advice is given on any adjustments to the strategy which might be needed. Importantly, your approval will be needed before any changes are made. Once a tenant has been found, Calibre can undertake all aspects of property management on your behalf, with bi-monthly financial statements and reports by email and regular post all part of the service. They’ll also take care of maintenance issues and all payments related to the property such as insurance, water and council rates, leaving you to relax and enjoy the income without worry.

About the Author

The Author is an expert Property Management and focus on Property Brisbane property manager.

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