Advantages of owning ready possession flats in Mumbai

When you go looking for residential apartments in Mumbai, you have two options available. One is to purchase a ready to move-in flats or to go for under-construction flats. There is always a raging debate about the merits and demerits of each. The truth is both these forms of properties have advantages and disadvantages and really depends on your spending capacity and choice which one you choose.

Under construction is a bit of risky investment because, a lot of times construction can get stalled due the legal problems with the builders, lack of funds and lot of other things. There can also be a delay in possession which can lead to delay in loan payments and so on.

When you purchase ready possession flats in Mumbai, the biggest advantage you have is that you get what you see. Under-construction flats can be bit of a surprise when they’re completed. But there are a few cons to purchasing ready possession flats too.

Here’s exploring both the pros and cons of purchasing ready possession flats in Mumbai

Pros:

1.   Available immediately: When you purchase ready to move in flats you have the liberty of choosing when and how you want to move it. You don’t need to wait for it to be ready. There are also no surprises as to the fittings, the quality of work and construction because you get what you see.

2.    No legal difficulties: Since the flats are ready and the construction is complete, one can check that all legal requirements like the occupancy certificate, completion certificate and land titles are all in order. This also makes it easier to get your loans approved swiftly.

3.    Save of tax: You don’t have to pay a service tax when you purchase Ready Possession Flats in Mumbai. This is a big save since the amount can go into lakhs easily.

Cons:

1.    Expensive: Ready to move in flats are much more expensive than under construction flats.  There is also no flexibility in payment plans and you have to pay the down payment, the registration charges and stamp duty all in one go.

2.   Limited scope for modification: You can obviously renovate your flat after purchase, but when you compare it with under-construction flats the scope is quite limited.

3.  Limited choice: The real estate market is always booming in Mumbai and so there aren’t always ample choices for everyone. Property sells like hot cakes here and you need to be swift in your decision making if you want the flat you like.

Spacious 3BHK flats in Borivali is all you need to invest in, today!

Borivali is one of the fastest growing suburbs in Mumbai. This suburb is located right at the edge of the city. This acts as both an advantage as well as a disadvantage for those who live in this area. Even though this suburb is well connected to the city by both, road and train, it can be difficult to get here and travel out here during peak hours by road. But the plus side is that the trains starting from here provide a quick and hassle free option to daily commuters.

There are many upcoming residential projects in Borivali and if you want to own property in Mumbai then buying flats in Borivali is a good option. The property rates in Borivali are way lower than those of other suburbs of Mumbai.

When it comes to luxury apartments there is a set list of things you need to check off before you put your money on the project. Here are five things a property absolutely must have to pass off as upcoming residential projects in Borivali East:

1.   Space and amenities: A luxury apartment should be spacious. When it comes to apartments in Borivali, space is something we have to fight for and something that we crave. If you invest in a property that is tagged as luxury, ensure that it provides you with ample space. This doesn’t just include spacious living areas but also balconies, lobbies, playgrounds and parks. If should also have amenities like a club house, a swimming pool, fitness center and so on.

2.   Automation: A luxury apartment or flats in Borivali should provide you with the best of tech. From security to basic home amenities like lighting, air conditioning and so on. A luxury apartment need to be energy-efficient, it needs to have smart lighting and sound, climate-control and smart toilets. It also needs to have a top notch security system, with CCTV surveillance.

3.     Built quality: The most important aspect of luxury apartments is the quality of the material used to build it. The quality of everything from raw materials to the fitting and furnishings needs to be top notch.  This is want matters the most as this is what will ensure that your building stands tall for a long time.

There are also many new projects in Borivali East, so if you want to get value for your money you can invest in a 3 bhk flats in Borivali in a luxury complex rather than spend the same money on a 1 bhk in Andheri or beyond.

Know how projects in Thane are popular amongst investors

Mumbai is the most popular city in India. As a result of this, people from all over the country come here to settle, work and basically fulfil all their dreams. Since there are so many people living in Mumbai it’s only natural that this city of dreams will become cramped for space and that is the reason that a lot of people today are turning to Thane for good living spaces.

Property in Thane is a bit cheaper than in Mumbai. There is a lot more space available there and so the Flats in Thane are also more spacious than those in Mumbai. Wide open spaces, ample recreational opportunities and tranquil life are some that builders in Thane offer to their potential customers. If you too are done with the cramped living in Mumbai, there here are some reasons that will entice you to consider moving to Thane.

1. Ample space: The one thing we miss living in Mumbai is spacious houses and more importantly ample open spaces. Space is not an issue for those living in Thane. Projects in Thane promise come with a promise of ample space, green out doors and fresh air so you don’t have to drive out of the city for a breath of fresh air every weekend.

2.   Reasonable prices: Real estate in Mumbai is one of the most expensive in the world. For the price of a 1RK in Mumbai you can easily get a 2 BHK Flats in Thane. Even though Thane is so close to Mumbai, the real estate prices are much more reasonable here.

3.   Easy commute: If you work in Mumbai and that is your number one reason for living here, even then Thane has got you covered. With multiple projects underway to improve the road connectivity and also new metro lines coming up, commuting from Thane to Mumbai is going to easier than ever before.

4.   Peace and quiet: No matter where you go in Mumbai, you’re always surrounded by traffic both vehicular and human. Thane doesn’t have the same problem as yet. Being close to Mumbai this suburb has ample entertainment and recreational opportunities available and yet you will find that you can enjoy it without have to fight a crowd every time you step out.

5.    Good amenities: As the number of new construction in Thane increases so do the amenities. You can find a number of good schools, colleges, hospitals, day-care and even clubs, health centers and so on here.

All these things together prove that Thane is in fact a great place to live in right now.

These 5 tips will help you turn your bedroom into a masterpiece

Space in Mumbai is very expensive, so if you’re looking for properties in Juhu, you have a wide variety of options to select from but at a high cost. You can find some of the most luxurious flats ranging from studio apartments to 3 BHK Flats, 4 BHK flats in Juhu and even sea-facing apartments. Juhu property rates are ever changing. The trends change every quarter so that real estate buyers can consult the graphs and trends before investing in property at Juhu.

Flats in Juhu may be expensive but they are to die for. If you’re already an owner and want to upgrade your home or if you’re looking for new property in Juhu, here are a few renovation tips that can help you turn any flat into your perfect home.

1. Paint your wall with light colours: The main reason behind painting your walls with light colours is simply because it will reflect light, making it look more spacious and brighter. Dark paints absorb light, which might look constricting. Using lively colours makes small rooms feel much larger.
2. Use space-saving furniture: Obviously, the less furniture you have in your room the more bigly it will look and less area will be covered. You can purchase beds with storage space or even folding beds that can be folded back in the wall. You can get creative with other things such as tables, chairs and other furniture as well. These small ideas can save you a lot of space.
3. Built-in shelves around bedding: Building shelving around your bedding area can create extra space in the room while you can store books are other decorative items in this space. It creates an illusion of depth in the wall, making the small rooms feel bigger.
4. Mount shelves: A simple way to keep the floor empty and free up walking space is to mount shelves. You can use them to store books and picture frames or even hang clothes. You should make sure that these mounts should be colour co-ordinated with the wall paint. These shelves make up for great space savers and even add a quirky look to your rooms.
5. Keep it simple: The best rule of design is to keep it simple, especially if you want to make a small room make look bigger. It is easy to add unnecessary decorations to your room but very difficult to make it look simple and organized. A few pictures, a small lamp or a small plant is all that a room needs. Overall a room will look large if you keep it organized and clean at all times. You can rearrange the layout and experiment with the furniture.

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Upcoming residential properties in BKC are the new in for any home investor

For any homemaker or any person who intends to invest in a property looks for one major aspect and that is space. Buying apartments in Bandra is the ultimate goal for most home owners in Mumbai, and now with multiple upcoming projects in BKC it just might be possible. BKC or Bandra Kurla Complex, which was earlier only limited to office complexes, is now offering residential property in Bandra as well. If you wish to purchase flats in Bandra Kurla Complex, now would be the right time to do so.

The area offers premium 3 bhk flats in Mumbai’s Bandra, an area where all the starlets live. Bandra East was previously not much in demand but with a number of projects coming with beautiful 3 bhk flats in BKC. These flats offer plenty of space for you to help you make your dream home come true.

Here’s why investing in a residential property in BKC or owning 4 BHK flats in BKC is beneficial for you in today’s times:

1. High Returns: Rental properties appreciate gradually in value with inflation. However, an increased value can mean reinvestment and sale in higher valued properties. This is one of the major and most valuable real estate investment returns. So, if you invest in 3 BHK apartments in Mumbai, you are likely to get a high return value on the same, since every home maker and buyer are looking for a spatial abode for themselves.
2. Increased cash flow: With inflation, property rental costs increase. This definitely increases the cash flow without any increase in the expenditure for holding the property. A number of individuals and workers in Mumbai look forward to accommodating themselves in a PG system, you can rightly rent your property in BKC to these PGs and earn hefty in return.
3. Tax Benefits: One of the major beneficial factors when owning a property as an asset is the amount of tax benefit it yields to its owners. You are liable for the Tax Deductions on Mortgage interest. The money you pay in property tax is deductible too. In a way benefiting your investment.

Owning a single flat or flats in Bandra Kurla Complex is a dream-come-true to many homeowners. Look for a number of residential properties up for sale and rent online. You can check directories, have a word with your financial advisor on the right way of investing in properties and save up on your taxes wisely.

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