Unveiling the Mulund-Thane Corridor: A Hub of Convenience & Comfort

The Mulund-Thane Corridor (MTC), also known as Shree Nagar, is a hidden gem in Eastern MMR that is waiting to be explored. The road starting from SG Brave Road in Shree Nagar area connecting to Mulund via LBS Marg, which has a stretch of roughly 5 kms, with the stunning Yogi Hills as its backdrop, offers a tranquil and serene atmosphere that is perfect for those looking to escape the hustle and bustle of city life. Collectively it has been coined as Mulund-Thane Corridor.

One of the standout features of the MTC is its pleasant climate, with temperatures averaging 2 degrees cooler than other major roads in the area such as LBS Marg and GB Road. Located at the foothills of the Sanjay Gandhi National Park, MTC is blessed with lush greenery and breathtaking views that are hard to come by in the city. Often considered as an extension of Wagle Estate, MTC is a residential haven that offers a peaceful and serene living experience.

Convenience is also a key factor in favor of MTC, with Wagle Estate just a 2-minute drive away. Home to over 1000 businesses and roughly 15 million sq. ft. of office complexes, Wagle Estate offers ample job opportunities for residents in the area. Additionally, Mulund Station is just 2.7 km away and Thane Station is a mere 5 km away, making commuting a breeze for those who work in the city.

But MTC is not just about its present – it boasts a strong and bright future. With upcoming infrastructure developments like the Thane Bypass Road (from Shree Nagar to Ghodbunder Road) and the Twin Tube Tunnel in the pipeline, the area is set to witness significant growth and development, further enhancing the appreciation in the coming years.

Education is also a key focus in MTC, with the presence of Thane’s first international school – Finland International School (previously Billabong High International School). This provides residents with access to quality education options right at their doorstep.

The real estate market in MTC is also thriving, with a Compound Annual Growth Rate (CAGR) of 10%, making it an attractive investment opportunity for those looking to settle down in a flourishing neighbourhood.

Residents of the Mulund-Thane Corridor are spoilt for choice when it comes to shopping and entertainment. The area boasts several prominent shopping destinations, including the popular R Mall in Mulund with its diverse range of stores and multiplex cinema. For those seeking a high-end experience, Viviana Mall in Thane offers luxury brands and a plethora of dining options. This accessibility to a vibrant shopping centres and hubs makes the Mulund-Thane Corridor an attractive option for those seeking a well-rounded lifestyle.

In conclusion, the Mulund-Thane Corridor is a hidden paradise that offers a perfect blend of nature, convenience, and growth opportunities. With its tranquil surroundings, strategic location, and promising future, MTC is definitely a place to watch out for in the Eastern MMR region.

Majiwada Property Rates

Majiwada, located in the bustling city of Thane in Maharashtra, India, is a rapidly developing area that is attracting a lot of attention from both homebuyers and investors. With its proximity to major business hubs like Thane, Powai, and Bhiwandi, as well as excellent connectivity to Mumbai and other parts of the city, it has become a sought-after destination for those looking to invest in real estate. Understanding the current Majiwada property rates and the factors that influence them is crucial for making an informed decision when buying or selling property in this area.

Majiwada Property Rates

Avg. Rate / sq.ft.

INR 16,750 – 21,750

Rental Yield

Approx. 4 – 7%

Growth in Last One Year


The property rates in Thane Majiwada can vary depending on the type of property and its location within the area. The average price per square foot for residential properties in Majiwada ranges from Rs. 16,750 to Rs. 21,750 (Source: 99Acres). This price range can fluctuate based on factors such as the amenities offered, proximity to transportation hubs, overall demand in the market and also maturity of the product.

Majiwada Location Overview

One of the key features of Majiwada is its strategic location. It is situated at the junction of Eastern Express Highway and Ghodbunder Road, making it well-connected to major areas in Thane as well as neighbouring cities like Mumbai and Navi Mumbai. Majiwada will also enjoy excellent metro connectivity through the upcoming Metro Line 4 (Wadala-Kasarvadavali corridor), which will provide residents with a fast and convenient mode of transportation to key areas in Mumbai and suburbs. This improved connectivity is expected to ease traffic congestion and enhance the overall commuting experience for residents in Majiwada. This connectivity has made Majiwada a preferred location for those who commute regularly for work or leisure.

The neighbourhood is home to numerous shopping centres, restaurants, and entertainment options, making it a hub for leisure activities and social gatherings. Residents can enjoy shopping at the nearby shopping malls like Viviana Mall, Korum Mall and dining at popular eateries, or catching a movie at the local cinema. Majiwada is also home to several schools, like Finland International School, Singhania School; hospitals, and recreational facilities, making it a popular choice for families
and young professionals.

The real estate market in Majiwada has been steadily growing over the years, with new residential and commercial projects being developed to meet the demand for housing and office spaces in the area. With its strategic location and upcoming infrastructure projects, Majiwada has become a sought-after destination for property buyers looking for a blend of convenience and modern amenities.

Best Properties in Majiwada

Nestled in the bustling locality of Majiwada in Thane, Ashar Pulse stands tall as a premium real estate property offering urban living at its finest. With its modern architecture and state-of-the-art amenities, Ashar Pulse is a haven for those seeking a sophisticated and refined lifestyle. The property boasts spacious and elegantly designed apartments that provide stunning views of the surrounding landscape. The amenity zones in Ashar Pulse are spread across 40,000 sq. ft., offering luxurious amenities such as an infinity swimming pool, fitness center, landscaped gardens, boxing zone among many others recreation activities. The flat configurations include spacious 1 BHK and 2 BHK apartments designed with modern architecture and high-quality finishes, providing residents with a comfortable and elegant living experience. With its convenient location, modern amenities, and stunning views, Ashar Pulse is the ideal choice for those looking to invest in a premium living experience in Thane.

Frequently Asked Question

What is the average property rate in Majiwada, Thane?

The average property rate in Majiwada, Thane is between INR 16,750 to Rs. 21,750 (Source: 99Acres).

What is the average rental yield in Majiwada, Thane?

The average rental yield in Majiwada, Thane is between 4-7% (Source: 99Acres).

How have property rates in Majiwada Thane changed over the years?

Property prices in Majiwada, Thane have increased by 7.1% in the past year, 19.7% in the past 3 years, and 17.1% in the past 5 years (Source: 99Acres).

How much does a 1 BHK in Majiwada, Thane cost?

A 1 BHK flat in a project like Ashar Pulse with premium amenities starts at 93 lacs.

Ghatkopar East Property Rates

Ghatkopar East, a bustling suburb in Mumbai, offers a prime location and a plethora of residential and commercial options. However, before diving into the property market, it’s crucial to understand Ghatkopar East property rates. In this comprehensive guide, we will provide an overview of the location and address frequently asked questions related to property rates in Ghatkopar East.

Ghatkopar East Property Rates 

Avg. Rate / sq.ft.

INR 12,375 – 44,176

Rental Yield

Approx. 4 – 7%

Growth in Last One Year


Ghatkopar Location Overview 


Ghatkopar enjoys seamless connectivity to other parts of Mumbai. The suburb is well-connected through major roadways, including the Eastern Express Highway and Jogeshwari-Vikhroli Link Road (JVLR). Furthermore, the Ghatkopar Metro Station is a significant transportation hub connecting the area to various parts of the city via the Versova-Ghatkopar Metro Line.

Social Infrastructure

Over the years, Ghatkopar East has witnessed substantial infrastructure development, making it an ideal destination for property buyers. The suburb boasts numerous renowned schools, colleges, hospitals, shopping centres, and entertainment hubs, along with places of worship. This combined with the presence of commercial establishments makes Ghatkopar East an attractive proposition for residential and commercial investments.

Lifestyle and Amenities 

Ghatkopar East offers a vibrant and cosmopolitan lifestyle, with a plethora of dining, entertainment, and shopping options. The presence of multiplexes, restaurants, and retail outlets caters to the diverse needs of residents, making it a self-sufficient locality. The famous R City Mall, with its beautifully landscaped gardens, provides an environment for recreation and relaxation.

Residential Options 

Ghatkopar East offers a diverse range of residential properties to suit the needs and preferences of different buyers. From luxurious apartments to affordable housing schemes, the real estate market here caters to a wide range of budgets. The area is known for its well-designed, modern apartments equipped with state-of-the-art amenities, making it an ideal choice for families and working professionals.

Best Property in Ghatkopar East

Ashar Titan is an exceptional residential project that offers Vastu compliant 2 BHK, 3 BHK, 4 BHK and 5 BHK homes in a 16-storey boutique tower. Situated in the prime location of Ghatkopar East. it provides easy access to shopping malls, healthcare facilities, educational institutions, and temples, all within a 2-kilometer radius. The property boasts an impeccably designed podium level amenity zone called 1 Above, which includes a kids play area, indoor games area, fully equipped gym, and a range of other amenities for the residents’ happiness. Additionally, residents can enjoy a rooftop amenity zone called Beyond 15, featuring a yoga and meditation deck, reflexology path, party deck, box cricket, and more. Furthermore, Ashar Titan also offers retail spaces ranging from 804 to 1128 sq.ft. carpet area starting 11 Cr onwards. It truly offers a delightful experience with a variety of lifestyle brands to the customers. 

Investing in real estate is a big decision, and understanding property rates is crucial for making an informed choice. With its strategic location, well-developed infrastructure, and a range of residential and commercial options, Ghatkopar East presents a promising investment opportunity. By considering the factors discussed in this guide and conducting comprehensive market research, you can navigate the Ghatkopar East property market with confidence. Remember to consult with reputable real estate professionals for personalized advice tailored to your specific requirements and remember only to transact with brands that have a positive reputation.

Frequently Asked Question

What is the average property rate in Ghatkopar East?

Ghatkopar East’s property rates vary depending on various factors such as location, property type, amenities, and age of the building. As of February 2024, the average property rates in Ghatkopar East range between 12,375 – 44,176 per square feet (Source: Housing).

What is the average rental return in Ghatkopar East, Mumbai?

The average rental yield in Ghatkopar is about 4-7% (Source: which is quite competitive compared to the average residential rental yields.

How have the property rates in Ghatkopar East, Mumbai changed over the years?

The area has witnessed rapid urban development and infrastructure improvements, the demand for properties has surged, leading to a rise in prices of about 4-6% (Source: Housing & 99acres) in the past 01 year.

Is Ghatkopar East a good investment option? 

Ghatkopar East has proven to be a lucrative investment option. With its strategic location, excellent connectivity, and robust infrastructure, the suburb continues to witness appreciation in property rates over the years. Moreover, the continuous development and upcoming projects make it a promising choice for investors.

Are there any upcoming infrastructure projects in Ghatkopar East? 

Yes, the area is witnessing several upcoming infrastructure projects that will further enhance its connectivity and overall development. The Metro Line extension is set to provide seamless connectivity to various parts of Mumbai, making it an ideal time to invest in Ghatkopar East

Mumbai Real Estate Trends

Mumbai, known as the financial capital of India, has always been a city with a booming real estate market. Over the years, the city has witnessed several trends and changes in its real estate sector, and it is expected that in 2024, there will be more significant shifts in the Mumbai real estate market.

With the city’s booming economy and rise in disposable income among the affluent population, there is a growing demand for high-end properties. Developers and investors are capitalizing on this demand by creating exclusive, state-of-the-art and customised luxury apartments that cater to the needs and preferences of the luxury home buyers. The city offers a vibrant lifestyle, excellent amenities, and a prestigious address, making it highly desirable for luxury real estate investments. Furthermore, the infrastructure development in Mumbai will continue to have an impact on the real estate market. The city has been focusing on improving its infrastructure, including transportation, road networks, and connectivity. The completion of major infrastructure projects, such as the Mumbai Metro and Coastal Road, will enhance accessibility and connectivity across different parts of the city. This will lead to the emergence of new real estate hotspots and increase property values in these areas.

The concept of co-living and co-working spaces is also expected to become more popular in Mumbai by 2024. With the increasing number of millennials and young professionals in the city, there is a growing demand for flexible living and working spaces. Co-living spaces offer shared accommodations with amenities and services, while co-working spaces provide a collaborative and productive environment for professionals. These trends are expected to gain traction in the coming years, as they offer a cost-effective and convenient solution for individuals.

Another change that can be anticipated is the increase in the availability of affordable housing options. The government’s efforts and policies directed towards promoting affordable housing are expected to make a significant impact on the market. Developers are embracing the opportunity to cater to the needs of the middle-class population by prioritizing the provision of affordable housing options.

Also, in recent years, there has been increased awareness and demand for environmentally conscious living spaces. This trend is expected to continue, with developers incorporating green features and technologies into their projects. From energy-efficient buildings to green spaces and amenities, sustainable living is set to become a key consideration for both home buyers and developers.

As the city continues to grow and evolve, new opportunities and challenges will arise for both buyers and sellers. In the anticipated 2024 real estate market, there will be a marginal increase in home prices, but not enough to significantly affect home buying. Both market dynamics and industry initiatives will shape the trajectory of home prices in 2024, with optimism prevailing for potential rate cuts. As investors and stakeholders adapt to these trends and changes, they can benefit from the dynamic nature of the market and make informed decisions that align with their goals. Overall, the future of the real estate market in Mumbai holds immense potential and promises exciting opportunities for those involved in the industry.

Mumbai’s Real Estate Investment Opportunities for NRIs

Mumbai, the financial capital of India, stands as a beacon for Non-Resident Indians (NRIs) seeking robust real estate investment opportunities. Here’s a concise guide to why Mumbai’s real estate market is a lucrative avenue for NRIs:

  • Life In Luxury:
    Mumbai’s luxury real estate segment offers top-notch amenities with state-of-the-art features integrated into the living spaces. Spots like Bandra are a prime investment for NRIs due to its old-world charm, peerless heritage as well as proximity to the city’s lifestyle and business
  • Transparent Environment:
    Mumbai’s infrastructure development and the implementation of the Real Estate (Regulation and Development) Act (RERA) has significantly increased market transparency. NRIs can navigate the real estate landscape with confidence, knowing that regulatory measures are in place to protect their interests.
  • Appealing Rental Market:
    The city’s large and diverse population, coupled with a robust workforce, creates an unceasing demand for rental accommodation. NRIs can capitalise on this by investing in rental properties and tapping into a reliable income stream.
  • Market Dynamics:
    Mumbai boasts a thriving real estate market characterised by consistent appreciation in property values. Limited land availability in this bustling metropolis contributes to a perpetual demand for quality housing, ensuring a secure investment environment.
  • Strategic Locations:
    Premium and emerging locations like Thane and Ghatkopar present attractive investment potential. These areas showcase promising growth trends, making them strategic choices for NRIs looking to capitalise on Mumbai’s real estate upswing.
  • NRI Property Acquisition:
    NRIs are permitted to purchase both residential and commercial properties in India, with exceptions for agricultural land, plantation property, and farmhouses. Funding options include utilising funds from abroad or availing NRI home loans offered by Indian banks, facilitating smooth property acquisitions.

In conclusion, Mumbai’s real estate market aligns seamlessly with the investment goals of NRIs. The city’s dynamic property landscape, coupled with regulatory advancements and strategic locations, positions Mumbai as a compelling destination for NRIs seeking long-term returns on their real estate investments.

Why October-November is the Best Time to Invest in Real Estate in India

As the change in season paints the Indian landscape with hues of gold, it’s not just the weather that is fluctuating —there is a gentle shift in the real estate atmosphere too. If you are contemplating entering the real estate market, there’s no better time than October-November. Let’s unravel the reasons behind the investment opportunities this season offers.

  1. Festive Spirit Boosts Market:

During the festive fervor of October-November, marked by celebrations like Diwali and Dussehra, the real estate atmosphere undergoes a subtle transformation. The buoyant festive spirit creates a suitable time for attractive offers and discounts such as flexible payment plans, EMI benefits, banks subvention schemes and more. Ashar Group’s Season of Smiles campaign offered a myriad of offers on its Ashar Pulse, Axis and Arize projects. Smart investors can leverage these incentives for significant savings.

  1. Time for New Beginnings:

In Indian culture, festivals are symbolic of new beginnings. Many families consider investing in a new home during this time, making it an auspicious period for both buyers and sellers. Such sentiment often leads to quicker and smoother transactions.

  1. Tax Benefits and Fiscal Planning:

Investing towards the end of the year allows individuals to plan their finances efficiently. It provides an opportunity to align the investment with annual tax-saving goals, potentially offering tax benefits under various sections of the Income Tax Act

  1. Real Estate Market Stability:

Historical data indicates that the real estate market tends to be stable during October-November. With most of the market uncertainties settled after the monsoon season, investors find a more secure environment to make decisions.

As the festive lights illuminate the streets and joy fills the air, the real estate market in India experiences a similar sense of excitement and opportunity. October-November presents a unique window for investors, where the confluence of festive spirit, favorable weather, and market stability create a perfect combination of real estate opportunities. 

So, if you are considering real estate investment, don’t miss this golden chance.

Bandra: A Hub for Luxury Properties

The rise of Bandra

If there’s one place in the bustling city of Mumbai that’s stealing the limelight in the world of real estate on a truly global scale, it’s undeniably Bandra West, specifically the prestigious Pali Hill area. With its mesmerising blend of upscale residences, Indian Cinematic glamour and a dash of old-world charm, Pali Hill has emerged as the epicentre of real estate.

Location, Location, Location comes at a price

The demand for real estate in Bandra has its price. But for those willing to invest in the prime location, the rewards are grand. Over the years, properties in Bandra have seen impressive appreciation, 6.7 % in the last 1 year, making them not just exclusive homes but also sound investments. Over the past decade, property prices in Bandra have appreciated in view of the limited supply of large, spacious homes making it one of the most sought-after locales in the city. From opulent villas and luxurious penthouses to chic apartments, the real estate offerings here are as diverse as the characters of a cinematic potboiler!.

The queen of the suburbs for a reason

But it’s not all about the glitz and glamour. Bandra has managed to retain its old-world charm, with quaint streets lined with cafes, art galleries, and boutique stores. This blend of modern luxury and cultural heritage is rare to find, adding a unique allure to the area.

With the Bandra-Worli Sea Link, upcoming Colaba-Bandra-SEEPZ metro and the ambitious coastal road project, Bandra has truly taken its place as the crowned queen of the Mumbai suburbs.

Ashar’s Iconic Projects

In the heart of Pali Hill, Bandra West, stands the majestic Navroze by Ashar, an architectural masterpiece. Despite the challenging market conditions of recent years, the sale of a sea-view mansion at Navroze for Rs 66 crores stood out as one of the most significant deals in Mumbai. This underscores Mumbai’s insatiable appetite for luxury living.

Fast forward to 2023, Pali Hill witnesses the transformation of Late Dilip Sahab’s bungalow into ‘The Legend.’ by Ashar Group. This sprawling half-acre estate is poised to ascend into an 11-storey haven of opulence.

5 Essential Tips for First Time Home Buyers in India

Purchasing your first home is an exciting journey, but it can also be a complex process. Whether you’re buying a home for personal use or as an investment, here are 5 invaluable pointers to steer you in the right direction.

  1. Budget planning:

    One of the foremost considerations when contemplating a property purchase are your finances. Determine the extent to which your budget can be maximised. If you’re eager to purchase your dream home but have a few financial constraints, consult your bank or your CA for viable loan options.

  2. Current market prices in your preferred location:

    Acquiring knowledge about the current market rates is pivotal for effective budget planning. Relying on intuition alone won’t suffice; facts and figures should guide your decisions. Understanding prevailing rates not only aids in budget formation but also unveils enticing offers that might be available.

  3. Choose reputed real estate developers

    When purchasing a new home, your hard-earned money deserves the reliability and assurance that comes with selecting a trusted builder. Opting for the right real estate developer, with a proven track record and impeccable credentials, ensures quality construction and timely project delivery.

  4. Amenities

    Your choice of location significantly impacts your safety, happiness, and financial prospects. Thane has recently emerged as a self-sufficient locality, offering residents an exceptional quality of life. With substantial development initiatives underway, Thane along with Mulund and Ghatkopar have become hotspots for real estate investments. Consider the lifestyle you aspire to lead, and evaluate the property’s amenities accordingly.

  5. Approvals & Verifications

    Before sealing the deal on any property, a meticulous review of paperwork is paramount. Ensuring the absence of legal entanglements is essential. Verify the property’s registration under RERA (Real Estate Regulatory Authority) and authenticate its registration number through the official website.

  6. The Bottom Line:

    The journey of purchasing your first flat is a remarkable experience. To enhance this journey, include your family in the experience and adhere to this checklist of essential considerations before embarking on your property acquisition.

Reshaping Dilip Kumar’s Iconic Bungalow

In the heart of Mumbai’s illustrious Pali Hill, a cherished legacy is embarking on a remarkable evolution. The iconic bungalow that once cradled the legendary actor late Dilip Kumar Saab is poised for an extraordinary transformation into a high-end residential masterpiece by Ashar Group.

In this blog we delve into some of the finer points of this grand project, where timeless elegance meets modern luxury.

A Legacy Transformed: The Story Unveiled

The sprawling half-acre land, situated in the upscale Bandra suburb, is set to become an 11-storey haven of opulence. The construction area, spanning an impressive 1.75 lakh square feet, will soon give life to a luxury residential tower that pays homage to the late actor’s enduring legacy.

Crafting a Landmark: From Blueprint to Reality

Our masterful touch is turning architectural blueprints into a living masterpiece. Construction has already commenced. This ambitious venture promises not just luxurious residences, but a symphony of design and sophistication that redefines modern living.

A Vision Fulfilled: A Glimpse into the Future

As the construction progresses, the transformation of the iconic Pali Hill bungalow into a luxury residential tower and museum continues to honour Dilip Sahab’s lasting legacy.

Join us as we uncover the essence of this ambitious endeavor, where past, present, and future converge in a harmonious symphony of luxury, culture, and heritage.

Read More here

The Future of Smart Homes: Innovations & Integration in Real Estate

Imagine a home that not only responds to your every command but also capable of anticipating your needs, creating a seamless and personalized living experience. Smart home technology is revolutionizing the way we interact with our living spaces. From controlling your lights and appliances with a simple voice command to ensuring enhanced security and energy efficiency, the benefits it offers are known to increase security & comfort for homeowners/renters. Smart homes today, have an entire ecosystem of connected devices. Here are few notable features:
  • Voice assistants devices like Amazon Echo or Google Home help people control their smart home devices by speaking to them.
  • Home security systems for smart homes have cameras, motion sensors, door/window sensors, and smart locks to keep homes safe. These systems can be monitored and controlled remotely through phone apps.
  • Smart thermostats help homeowners save energy and money by allowing them to control their home’s temperature from anywhere. They can learn your preferences and adjust settings automatically.
  • Smart lighting systems let users control their lights using their phones. They can change the brightness, color, and schedule lighting for different times. Some systems can even adjust based on natural light and occupancy to save energy.
  • Smart appliances like refrigerators, washing machines, and ovens can be connected to a smart home network. This allows remote monitoring and control, notifications, scheduling tasks, and optimizing energy usage.
In the future, smart home technology will become even more integrated into homes. Real Estate developers have always been providing core infrastructure in homes so that a resident can choose to deploy a smart home system. Artificial intelligence will play a bigger role, with smart home systems learning from your habits and making suggestions. As technology advances, smart homes will become common and will offer even more convenience, efficiency, security, and personalization. They will transform the way we live and interact with our spaces.

How Technology is Propelling the Construction Industry

Technology has played a pivotal role in ushering in a new era of progress, efficiency, and innovation. From conceptualization to completion, technology has transformed every stage of the construction process, revolutionizing the way projects are designed, planned, executed, and managed.

One of the significant advancements is the Building Information Modeling (BIM). BIM creates detailed 3D models that integrate information on architecture, structure, and services. This digital representation enables architects and other construction professionals to collaborate seamlessly, detect clashes or conflicts early, and optimize designs. BIM facilitates better coordination, reduces errors, minimizes rework, and improves overall project efficiency.

In addition, the use of drones in the construction industry has skyrocketed. These unmanned aerial vehicles provide a bird’s-eye view of construction sites, allowing for accurate surveying, mapping, and monitoring. Drones capture high-resolution images, collect data, and generate comprehensive visual reports. This technology enhances safety by minimizing the need for workers to access hazardous areas, facilitates real-time progress tracking, and aids in identifying potential issues before they escalate.

Ms. Seema A Jobanputra, Director of the Ashar Group, recently wrote a published article and threw light on a few key future developments. New construction technologies have emerged and significantly impacted construction businesses in India. 57% of all proptech startups deal with construction and technology (contech). Technology has helped save around 25% of time and avoid rework up to 80%.

Robotic technologies and automation have also made significant contributions to the construction industry. Robots can perform repetitive or physically demanding tasks with precision and efficiency. For example, bricklaying robots can lay bricks faster and more accurately than humans.

Moreover, augmented reality (AR) and virtual reality (VR) technologies have transformed the way construction projects are visualized and experienced. AR and VR allow stakeholders to immerse themselves virtually. These technologies enhance communication, facilitate better decision-making, and improve client engagement.

Technology is changing the Indian real estate market in several ways:

  • Application Programming Interfaces (APIs): APIs are sets of rules and protocols that allow softwares to interact and exchange information seamlessly.
  • Internet of Things (IoT): The Internet of Things (IoT) refers to the network of physical objects embedded with sensors, software, and connectivity capabilities that allow them to collect and exchange data online.
  • Construction Management Software: It is a project management software that caters specifically to the construction industry. It enables the automation of several construction related processes and tasks.
  • Building Information Modeling (BIM): Building Information Modeling (BIM) is a digital collaborative process that consists of creating and managing information of a construction project throughout its lifecycle.

To conclude, technology has transformed the construction industry by introducing game-changing tools and techniques. From BIM to cloud computing, technological advancement has contributed to increased efficiency, improved safety, reduced costs, and enhanced project outcomes.

To read more such insightful articles, keep following the blog section on the Ashar website.

Top Emerging Real Estate Markets in India

Real Estate Scenario in Nashik

The Indian real estate market has witnessed a surge in growth recently, driven by factors like urbanization and robust economic expansion. While cities like Mumbai continue to be hotspots, several emerging markets are now taking center stage. In this blog, we will explore the top emerging real estate markets in India and discuss key factors driving their growth, as well as provide investing tips.

Overview of the current real estate market in India

India’s real estate sector is transforming due to favorable government policies, increased foreign investment, and the rise of affordable housing. The implementation of the RERA – Real Estate Regulation and Development Act, 2016 has brought transparency and accountability to the sector, boosting investor confidence. Additionally, the growing middle class, rising disposable incomes, and urbanization have also fueled demand.

Key factors driving growth in emerging markets

  1. Infrastructural development – Cities with improved connectivity, transportation networks, and planned smart cities
  2. Economic growth and industrial development- Emerging markets with thriving industries, such as information technology, manufacturing, and services, witness increased employment opportunities, and demand for housing and commercial spaces.
  3. Affordable housing – The government has made homeownership accessible to a broader segment of the population.

At the 5th CII Real Estate Confluence, Mr. Ajay Ashar- CMD, Ashar Group and Vice Chairman MITRA – enlightened the audience with pertinent facts and statistics affecting the infrastructural and real estate scenario of Maharashtra. India’s GDP has been healthily growing at 5 to 6 per cent over the past 30 years. The Indian government has also been focusing on 8 key verticals: healthcare, housing, infrastructural development, agriculture, waste management, sustainability, technology and industrial growth. Currently, development of road networks is underway. For Maharashtra, approximately 3,58,000 crore rupees has been allocated for around 3,000 kilometers of expressways that are planned to be built.

Regions experiencing significant development

Thane: Thane is known for its ample green space and natural elements like its beautiful lakes. The vicinity to Mumbai is advantageous, and it is equipped with top-class hospitals and educational institutions.

Navi Mumbai: Widespread transport networks have been built which are convenient and increase connectivity. It offers relatively reasonable property rates as opposed to the main Mumbai city, and has a high standard of living too.

Pune: Pune has emerged as a top real estate market due to its strong IT and manufacturing sectors, young workforce, affordable housing options, and favorable investment climate.

Chennai: Its booming IT and automobile industries, strategic location, and planned infrastructure projects make it an attractive market.

Hyderabad: The city’s infrastructure development, proactive government policies, and affordable property prices make it worth considering.

Tips for investors

  1. Research: Gain a deep understanding of market dynamics, growth potential, and upcoming developments.
  2. Location selection: Choose areas with good connectivity, proximity to commercial hubs, educational institutions, and essential amenities.
  3. Developer reputation: Invest with reputed developers known for timely delivery and quality construction to minimize risks.
  4. Rental income potential: Consider markets with high demand for rental properties to generate regular income.
  5. Long-term perspective: Have a clear investment strategy and patience to reap benefits.


India’s emerging real estate markets present numerous opportunities for investors and homebuyers. By conducting thorough research, selecting the right location, and having a long-term perspective, investors can capitalize on the potential and reap rewards. Make sure to carefully and calmly consider everything important to you, and you will have made the right choice.