Top three localities to buy real estate in MMR

Blog - Top three localities to buy real estate in MMR - Ashar Group

Real Estate Scenario in Nashik

Referred to as the City of dreams and the nation’s financial centre, MMR is home to some of the costliest real estate properties in India. Real estate properties in Mumbai have been increasing for a while, and since 2022 things have only gotten better. Most homes in this region are ideal real estate investments and their value is only expected to rise. Below are the top three places to invest in Mumbai!

THANE
Home-buyers have been increasingly looking for affordable homes and have been moving to multiple developing areas of Thane. Along with Mumbai, Thane is connected to several other cities, including Kalyan, Bhiwandi, Vasai-Virar, and Mira Road. It has one of India’s best transportation systems, including roadways, railway and metro lines. Thane has two upscale neighbourhoods: Ghodbunder Road, Majiwada, and Pokhran road 1 & 2. These areas are hubs to several corporate offices, shopping & entertainment centres, and other services, attracting job seekers, and multinational corporations.

Although Thane’s real estate costs are considerable, they are not as costly as those in Mumbai.

We all know that Thane has gained prominence as a result of its role as a transportation hub for the nearby suburbs’ Central and Trans-Harbour railroads. Infrastructure in Thane has seen an increase in the past 10 years. Residential development has increased as a result of the growing commercial demand. The construction of Metro 4 (Wadala-Thane-Kasarvadavali) and Metro 10 (Gaimukh-Shivaji Chowk) by MMRDA will increase the demand for real estate in Thane and raise the price per square foot. Due to its excellent accessibility, 1 BHK Flats in Thane has long been a favoured choice among buyers and major builders. Buy your next 1BHK from Ashar, one of the best builders in Thane.

BANDRA

Bandra West is known as the “Queen of the Suburbs,” and is one of Mumbai’s best neighbourhoods and sought-after locations for investing in residential real estate. There is a fair balance of contemporary homes and old-world elegance. Bandra is the place to be, with stunning residences from the Portuguese era, antique cottages, and multi-story luxury apartments in Bandra giving the best amenities.

 Few years ago, Bandra experienced a spike in real estate prices. Old, outmoded buildings have been converted by developers into brand-new, opulent multi-storey residences with a variety of contemporary conveniences. The address of Bandra is itself quite a blessing. 

The start of the western suburbs is Bandra and is well connected to the rest of the city. With the Bandra-Worli Sea Link connecting South Mumbai to the northern and eastern parts of the city, and the Western Express Highway (WEH) connecting Bandra to Santa Cruz-Chembur Link Road (SCLR), it has eased connectivity. Metro Line 3, The Bullet Train, and the Coastal Road are examples of upcoming infrastructure.

The advantage of Bandra’s location is that it is close to commercial centres like BKC and Santa Cruz, as well as having additional access to Thane and Navi Mumbai through local trains and WEH. While having the most expensive real estate In Mumbai, the location is perfect from an investment standpoint when it comes to purchasing real estate. 

GHATKOPAR

Over time, Ghatkopar has become one of Mumbai’s most in-demand neighbourhoods. The cause of this is linked to a wave of infrastructure improvements that have caused a sharp increase in the demand for housing in the area. The Mumbai Metro has also eased commute in the area. 

The area is close to the Eastern Express Highway and has good access to roads and railways. While the distance to the airport is only seven kilometres, it is 20 kilometres to the Chhatrapati Shivaji Railway Terminus. Ghatkopar West is close to the urbanised neighbourhoods of Santacruz, Khar, and Juhu and has easy access to Thane. Various public transport facilities have eased access to these locations. Along with these advantages, the neighbourhood also has convenient access to other areas of Mumbai via Lal Bahadur Shastri Road (LBS), Tilak Road, and Mahatma Gandhi Road. The Sion-Panvel Highway connects Navi Mumbai and Ghatkopar West. In addition, the neighbourhood has a metro connection to Andheri in Mumbai. The metro station next to the route makes accessing the Western Expressway Highway easier.

The social and governmental infrastructure in Ghatkopar is excellent. In the area, there are numerous reputable schools, institutions, and medical facilities. The site is undoubtedly one of the best options for real estate investments with a strong rental yield. The forthcoming Colaba-Bandra-SEEPZ metro would enhance Ghatkopar’s infrastructure even further and will also enhance the value of each upcoming porperty in Ghatkopar. Improving the area’s connectivity to Churchgate will raise property values along the nearby corridors. Along with having solid infrastructure and connections, the area has seen a consistent YoY increase in property values. Ghatkopar may be the best option to invest in a region that gives real estate a strong rate of capital growth.

With the recovery of the Indian economy post the pandemic, real estate has been skyrocketing. However there is no doubt that MMR remains the dream for many home-buyers and investors. From premium bungalows to affordable apartments, the city has a lot to offer. Now is the right time to invest in these profitable realty areas for the long-term.

8 Things to Know before buying a Luxury Home in Mumbai

Real Estate Scenario in Nashik

The demand for luxury residences is continuously increasing significantly in the metro cities of India. Having a home in the nation’s financial centre is unquestionably a sign of status and prestige. It conveys a great deal about the buyer’s desired lifestyle. Here are some helpful pointers to take into account when buying a luxury property in Mumbai.
  1. The choice of a property from a reputed developer is crucial, in addition to the location. While pursuing luxurious homes by a developer in Mumbai, homebuyers must look for exceptional architectural design standards, cutting-edge technology, and engineering innovation. Such builders and developers in Mumbai ensure this level of elevated lifestyle and adhere to providing a comfortable, modern and stable architecture in the apartment. 
  2. Reviews from numerous buyers who have bought homes from developers will be reliable. Before you decide, you can evaluate the developer’s present properties and weigh their differences and similarities, which is crucial when buying a home because it is a significant financial investment. When determining the quality of a home, factors like effective use of space, structural integrity, plumbing, wiring, etc. are crucial, and real estate developers work hard to provide this industry-leading level of quality.
  3. Having a family-friendly environment is extremely crucial for all types of home-buyers. Always look to see if the space is large enough to set up a small play area at home, or an office set-up. Even the amenities provided by the builder must have kid-friendly activities, lounge and yoga decks for senior citizens, sports activities, etc. While looking at luxury developments in Mumbai, all of these considerations should be in the back of your mind.
  4. Always consider an apartment’s layout and design, especially when looking at 3 BHK flats. When purchasing bigger flats, the utilisation of space is crucial as it helps maximise your amenities and features. Be sure to check the regulations required to be fulfilled by builders about open spaces in your flat. 
  5. Purchasing a home is an investment in a desirable neighbourhood. One of the most crucial markers of a project’s richness and extravagance is the establishment. When purchasing a luxury property, you can be sure that your neighbours share your interests. When you buy a property from a reputable real estate developer, you can be confident that the local gentry meets your high expectations.
  6. Amenities distinguish a luxurious home from a regular one. Take into consideration the standard of the amenities that come with the home when purchasing a premium property.
  7. One thing to be cautious of is to make sure that flats in Mumbai don’t take you away from facilities. Make sure your property is close to hospitals, schools-colleges, shopping and entertainment most importantly connectivity to major routes so you reduce your travel time and spend most of your time with your loved ones.
  8. Purchasing a luxury property is an important decision because it requires a sizable financial commitment and should reflect the status and stature of the buyer. Therefore carefully consider the return on investment and appreciation of the property in the near future. 
A luxurious residence is a representation of grandeur, grace, and character. Be careful to select a property that delivers a feeling of opulence and is a permanent home.

Kalwa: The Housing & Commercial Hub

Kalwa: The Housing & Commercial Hub

Kalwa: The Housing & Commercial Hub

Thane, a satellite city, has seen significant population growth recently and is actively developing new housing and employment opportunities. Initially known for its growth in the commercial sector, Kalwa has progressively developed into a good residential location. The area has everything in place that gives it an advantage over its surrounding neighbourhoods, from strong social and civic infrastructure to seamless connection ties.

Geographically speaking, Kalwa is located northeast of Mumbai and is governed by the Thane Municipal Corporation (TMC). Additionally, Kalwa’s commercial expansion has been amplified and the stage has been set for residential development in the area thanks to the direct connection to Navi Mumbai via Belapur Road.

With more growth, there will be a 30–40% increase in commercial construction in Kalwa during the next few years. The clear metro corridor that TMC plans to build to connect Mumbra and Kalwa to Thane and Mumbai would also alter the local real estate market dynamics. Growth would be seen in both residential and commercial projects.

The connectivity of this suburb to other urban commercial and residential nodes is its most notable feature. The Eastern Freeway and National Highway (NH) 48 have shortened the distance between Kalwa and the various centers of the Mumbai Metropolitan Region. Additionally, the region offers easy access to Mumbai Central railway station and Chhatrapati Shivaji International Airport, both of which are 27.7 kilometres away. The distance from Kalwa to Kolshet Industrial Area is only 5 km. It offers simple access to numerous IT/ITeS majors in Thane and Navi Mumbai.

Kalwa is currently in a good place because of the extensive infrastructure transformation. These infrastructure developments have led to multiple recreational places such as coffee shops, arcades, biodiversity parks etc. Along with the best healthcare facilities, schools and institutes. All these facilities make 1 BHK in Kalwa the most preferred choice.

These facilities have also invited many notable builders in the locality. One of the largest developments in Kalwa is by Ashar Group. Their latest offerings of new projects in Thane are premium residential 1 & 2 BHK apartments – Ashar Aria and Ashar Arize. These residential projects in Thane are situated in great locations, well planned and have the best to offer.

What’s in the pipeline for Kalwa?

  • A proposed elevated rail line would run between Airoli Station on the Trans-Harbour Line and Kalwa Station on the Central Line.
  • There are plans to build a metro light in the area, improving connectivity with Thane City.
  • A 550-metre skywalk connecting Vitawa in Kalwa with Thane Station is being considered.
  • Residents’ commutes would be easier because of a planned route connecting Atmaram Patil Chowk and Kalwa.
  • Traffic congestion in Kalwa would be lessened by the forthcoming Kharegaon bypass route.
  • Plans to build a Kalwa educational complex that would provide primary through higher education

As of July 2022, the average property price in Kalwa is between Rs. 10,000 and Rs. 15,000 per sq. ft. There are numerous possibilities in the region that fall within the inexpensive price range. 1 BHK in Kalwa makes up over 65 percent of the homes, with costs ranging from Rs 60 lakh to Rs 90 lakh.

Additionally, the popularity index of Kalwa has increased due to the rising rental housing trend. Increased commercial expansion and rising demand for short-term housing have enhanced consumer confidence and attracted investors. According to the Mumbai Real Estate Report for January through March of 2021, the average rental price increased by about 10.5 percent between January and March 2018 and January and March of 2021. ₹21,000/month for 2 BHK furnished is the average rent per month in this locality. Affordable Rentals as compared to the nearby localities such as Mulund, Bhandup, etc.

Kalwa has gained enormous popularity in Thane thanks to better employment chances and connectivity, and the rising capital asks to support the buzz. The market is perfect for buyers who want improved capital returns in the future together with accessible, reasonably priced housing close to Navi Mumbai, Central Mumbai, and the Western Suburbs.

Ashar Group’s projects in Kalwa – Ashar Arize and Ashar Aria are aimed at providing modern, and comfortable homes for buyers. Having an eclectic mix of modern amenities but retaining peaceful surroundings, Ashar Group provides residents with only the best.

Investing in Thane and its neighbourhoods!

Real Estate Scenario in Nashik

Thane has become one of the most popular places for people to invest in real estate due to the abundance of greenery and open spaces. This area of the city, which stretches along the Ghodbunder Road, is self-sufficient in terms of essential services such as hospitals, schools, retail malls, job possibilities, and so on. The Mumbai Metro will soon connect the region, adding to the area’s value. Another unique selling point of this location is its connectivity to the Eastern Express Highway, which provides signal-free transit to south Mumbai. Apart from this, it also has great connectivity to both the city and the new suburbs via the Central and Trans-Harbour railways. 

Mulund – the popular central suburb

Mulund, is perfectly located between Thane and Navi Mumbai and is a new real estate investment hotspot. It has emerged as an attractive destination for people who wish to be close to the city’s hustle and bustle while living in a peaceful setting. Mulund is well connected to both the Central and Western regions of Mumbai. Its proximity to Lal Bahadur Shastri Marg, Eastern Express Highway, and Jogeshwari Vikhroli Link Road allows quick access to all the major areas of Mumbai. Residential complexes offer 1 BHK Flats in Mulund to its inhabitants with a comfortable and easy lifestyle, with excellent health care, educational, and banking services.

Ghatkopar – the sought-after central hub

Ghatkopar has become one of Mumbai’s most sought-after neighbourhoods over the years. The cause for this can be linked to a slew of infrastructural projects in the area, which has resulted in an exponential increase in demand for residential units. Ghatkopar has grown in popularity across Mumbai as new businesses spring up and the Mumbai metro system makes commuting to the neighbourhood easier. Launched in 2014, the first Mumbai Metro line from Versova to Ghatkopar has brought a change in people’s commute experience. With multiple other metro lines under operation, the connectivity from Ghatkopar to other areas is only about to increase. 

Ghatkopar West and Ghatkopar East are the two regions that make up the locality. Ghatkopar West is likely to see strong capital appreciation in the coming years, based on recent pricing trends and the variables listed above.  Along with solid connectivity and infrastructure, the area has seen a year-over-year increase in property values.

Ghatkopar East is home to numerous business and commercial facilities. Other significant business locations are also close by and are within driving distance. With numerous schools and institutions, this region has a well-developed social infrastructure. There are various modern hospitals that offer a variety of services. There are numerous places to be refreshed, including eateries, parks, and movie theatres. It’s simple to get to the train station and airport from here. The location is one of the fastest-growing and has a very high demand from the general public for both residential and commercial uses.

Kalwa – Top Investment Opportunity

Kalwa is a well-developed area of Thane and has excellent infrastructure connectivity to major highways, IT Hubs and shopping and entertainment zones. This neighbourhood has a significant demand for residential dwellings due to its good connection and robust social infrastructure. Several well-known real estate developers are developing buildings and 1 BHK in Kalwa.

Dombivali – The High-Demand residential 

Dombivli is a northern neighbourhood notable for its inexpensive housing complexes, which include a mix of residential, commercial, and industrial assets. The neighbourhood has a high demand for residential properties due to its proximity to IT parks and industrial centres. Dombivali is served by the Mumbai suburban train network, which connects it to Mumbai and Navi Mumbai. The neighbourhood has a bus system that connects it to other Navi Mumbai areas. Furthermore, Dombivli is close to and connected to employment centres in Dombivli, Navi Mumbai, Kalyan, Bhiwandi, and Mumbai’s industrial and commercial districts. 

Kalyan – A self-sufficient hub

Kalyan is another self-sufficient hub in Thane, with all necessary services such as schools, commercial complexes, and entertainment hubs. Many residential projects are in the works in the neighbourhood, all of which are being developed by local developers. Kalyan is a residential area close to Dombivli, recognized for its low-cost housing complexes popular with low-to-medium-income earners and first-time homebuyers. Schools, universities, banks, hotels, hospitals, and retail malls makeup for Kalyan’s social and commercial infrastructure. There is robust public transportation infrastructures, such as KDMT buses and the forthcoming metro train between Thane, Bhiwandi, and Kalyan. Furthermore, Kalyan is adjacent and well connected to the industrial and commercial districts of Dombivli, Thane, Bhiwandi, Ambernath, and Ulhasnagar, attracting workers from these areas.

As real estate develops further in the city, Thane and its neighbouring areas are gaining popularity amongst first-time buyers. Multiple factors contribute to the emergence of this locality and the inhabitants settling there. Developing infrastructure, good connectivity, social amenities, and multiple other reasons have attracted prominent builders to Thane and its neighbouring areas. 

Thane – your new residential address

Real Estate Scenario in Nashik

Buying a new home or investing in a second home is an exciting opportunity for most individuals. Considering that real estate is a heavy investment, thorough research of the location, builder, etc is an absolute must. With the real estate market picking up after the pandemic, Thane residential projects are the best choices to invest for profit or personal use.

Infrastructural developments:

Thane offers some of the best social infrastructures for you to make use of, which will increase the value of your home. It houses various malls in and around the locality. Viviana being one of the biggest malls in Thane is a home to various branded stores and elite restaurants followed by Korum mall. The city has experienced significant development in commercial properties, with many multinational corporations and large corporations establishing their headquarters here. The comprehensive road infrastructure development has resulted in a significant increase in property investment.

Connectivity:

Over the last few years, Thane has seen a transformation like no other. The advantage of good connectivity with Nashik, Bhiwandi, Western Suburbs along with a developing infrastructure have made it a hot spot. The project for three flyovers is underway at Majiwada which connects the residents to places such as Mulund, Thane-Bhiwandi and Mira Road and the upcoming Borivali tunnel which will further reduce the travel time. The upcoming Metro project of Thane will also increase the connectivity around this suburb. These major development plans by the government are increasing the property rates and giving rise to premium housing options.

Choose the best:

People are increasingly seeking comfortable, healthy, and safe surroundings to live and Thane fulfils this need. With Ashar Group being one of the most preferred real estate brands in the residential and commercial segment and with its upcoming residential projects in Thane, has 7.5 million sq.ft under development, zero RERA complaints, 3 years average construction timelines and over 700+ units sold in 2021-2022. All these projects offering 1 & 2 bhk flats in Thane are located in very prime locations.

Iconic projects in Thane:

Ashar Axis - Ashar Group

Ashar Axis

Ashar Axis gives you an experience that’s fit for life. This 35-storey high luxurious tower has vastu compliant homes with 1 metre wide sun deck and thoughtfully designed homes for ample ventilation. Well connected within Thane and major routes, you can live your dream life here.

  • Possession: Dec 2026
  • Location: Majiwada, Thane West
  • Configuration: 1 & 2 BHK
  • Amenities: Box Cricket, Mini Golf, Stargazing Deck, Yoga & Meditation Deck, Infinity Swimming Pool, Kids Pool, Indoor Games Area, Gym, Amphitheatre, Jogging track
  • Starting Price Rs. 89 Lacs*
Ashar Arize at Kalwa

Ashar Arize

Ashar Arize is where breathtaking views with complete serenity meet the modern comfort of infrastructure. It is a 40 storey high tower with vastu compliant homes and 3 distinct amenity zones spread across 47,000 sq.ft Ashar Arize is easily accessible to all major highways schools, shopping malls, commercial locations and much more.
  • Possession: June 2027
  • Location: Kalwa, Thane West
  • Configuration: 1 & 2 BHK
  • Amenities: Amphitheatre, Massage Room, Box Cricket, Yoga & Meditation, Play Area, Air Hockey, Dance Studio
  • Starting Price Rs. 78 Lacs*
Ashar Metro Tower - Ashar Group

Ashar Metro Towers

Ashar Metro Towers is a well designed property located in the heart of Thane. Within close proximity you will find a School, Hospital, Mall and the Eastern Express Highway. A superb investment destination in an uptown neighbourhood surrounded by nature, with rich, contemporary, and expansive apartments that open out to the city’s excellent viewpoints.

  • Possession: June 2024
  • Location: Vartak Nagar, Thane West
  • Configuration: 1 & 2 BHK
  • Amenities: Amphitheatre, Swimming Pool, Banquet Hall opening to the lawn, Open-Air Gym, Skating Rink, Turf Cricket Pitch, Sun Deck Area, Barbeque Area, Yoga & Meditation Deck, Lawn With Flower Garden, Lawn With Reflexology Path & Library Lounge
  • Starting Price Rs. 88 Lacs*
Ashar Maple B - Ashar Group

Ashar Maple

Located in the heart of Mulund, Ashar Maple is a masterpiece that provides luxurious homes with the beautiful backdrop of the Yogi Hills. Live a lavish lifestyle in the dazzling locality of Mulund with easy access to educational institutes, hospitals, shopping malls, etc. Live an elevated lifestyle with comfort. 

  • Possession: Dec 2023
  • Location: Mulund, Thane West
  • Configuration: 1 & 2 BHK
  • Amenities: Swimming Pool, Sky Lounge With Stargazing Deck, Serenity Zone, Game Areas, Gymnasium
  • Starting Price Rs. 98 Lacs*
Ashar Edge - Ashar Group

Ashar Edge

Ashar Edge is Thane’s first voice-controlled smart home and temperature control property with full HVAC automation. The apartments here are a fantastic blend of modern architecture and characteristics that give a comfortable living environment. The development encompasses 2.69 acres of land, two towers, and 33 floors.

  • Possession: April 2023
  • Location: Pokhran Road No. 2, Thane West
  • Configuration: 1 & 2 BHK
  • Amenities: Amphitheatre Seating, Banquet Hall opening to the lawn, Swimming Pool, Outdoor Gym & Play Area, Skating Rink, Astro-Turf Net Cricket, Stargazing Deck, Home Automation, Voice Controlled Smart Homes, Light Features In The Landscape Garden, Reflexology Path & Guest Room.
  • Starting Price Rs. 1.08 Cr*
Ashar Aria - Ashar Group

Ashar Aria

Reaching new heights, the well-designed, Ashar Aria stands tall at 45 storey tall with a multitude of rooftop amenities. Within close proximity of all the city’s significant landmarks and the unmatched amenities make the apartments an outstanding residential space. 

  • Possession: August 2023
  • Location: Kalwa, Thane West
  • Configuration: 1 & 2 BHK
  • Amenities: Swimming Pool, Skating Rink, Turf Cricket Pitch, 2 Guest Rooms, Sky Lounge With Stargazing Deck, Serenity Zone, Open Party Area With BBQ & Indoor Leisure Centre
  • Starting Price Rs. 88 Lacs*

Thane is a growing city that has been gifted by nature. Furthermore, its convenient location, effective public transportation system, and well-maintained roads make it an excellent choice for potential homeowners and business owners alike. Thane’s future prospects appear to be very promising. The vision and mutual collaboration of all stakeholders are required to foster this growth environment.

Key factors influencing property rates

Real Estate Scenario in Nashik

Knowing the worth of a property is vital if you want to buy one or sell the one you already own. Knowing what elements influence this value is extremely beneficial since it makes predicting the cost of a property quite simple at any given point of time. 

Demand and supply have always been the major drivers of price. High demand and low supply leads to high prices, whereas low demand with high supply leads to low prices. As property availability decreases, the cost of existing available property increases. The reputation of a location in terms of people wanting to live there, when combined with a rise in the number of occupants belonging in a certain area, boosts its cost.

Let’s take a look at the factors that influence the value of property rates: 

Location:

Properties located in commercial areas have a higher market value than their residential counterparts. Brokers frequently quote greater prices for buildings in well-developed and approved colonies and areas than for those in less-developed and emerging places. Similarly, buildings developed on freehold ground attract a higher price than those constructed on leased land. When looking to buy a flat in any place, always pay close attention to the infrastructure of the neighbourhood. A place with a logically good infrastructure appears to have a better chance of being chosen by the buyer. In the same way, the value of real estate increases. Conveniences such as accessibility to major highways, closeness to schools, hospitals, stores, markets, and planned metro rail, among other factors, all contribute to higher land pricing.

Infrastructure Development & Amenities:

Property valuations are higher for properties with better infrastructure and modern amenities than for properties that lack proper electric connections, telephone lines, water sewerage facilities, and all other infrastructure such as community centres, children’s parks, swimming pools, gymnasiums, parking lots, or general stores. Property value is determined by the availability of essentials and amenities associated with pleasant living. Infrastructure development is the most important factor influencing real estate in India. 

Connectivity is one of the most critical needs for investors when investing. This leads to the idea that property near entertainment hubs, medical facilities, educational institutions, retail markets, and corporate areas, as well as other day-to-day amenities, is valued higher.

The presence of well developed roads, airports, flyovers, bus terminals, and other amenities in the neighbourhood also increases property rates and demand. 

Customization of flats:

When developers customise residential flats to meet the needs of homebuyers, the real estate price rises. For example, some buyers may want large porches or verandahs attached to their halls or bedrooms, modular kitchens, heat-resistant floors, or other unique changes.

Floor Level: 

Air, light, ventilation, scenic views, lift availability, etc are major factors that contribute to flats on varying floor levels. Flats on higher floors in premium residencies usually have a higher rate as compared to those on lower floors. 

As a result, the total value charged to the flat buyer increases in price. Every buyer should examine these drivers before deciding on their home purchase options to receive a fair assessment of the house that intrigues them. Better profits, painless liquidity, and lucrative investment can all be the result of careful investigation and research.

With over 2 decades of real estate experience, Ashar Group has invested in meticulous research and execution for all their projects. This is to ensure that property buyers need look elsewhere to fulfil their dream of a home complete with amenities, infrastructure, and a lifestyle. 

2022- The pivotal year for real estate investors

Real Estate Scenario in Nashik

Real estate has traditionally been seen as a sound long-term investment. This is due to the fact that housing values have a propensity to climb over time. These increases are also typically more than inflation, implying that investors are making money. The world, especially global markets, were, however, rocked by the pandemic that swept the globe. It has had a significant impact on various industries, and investors are correct in being wary about investing.

The good news is that home prices appear to be steadily increasing. Property values increased by 22% in 2021, according to records. In 2022, India’s real estate sector is seeing powerful growth in demand, which is likely to continue throughout the year. The real estate industry’s entire market forecast is good, from commercial areas to residential markets.

Safeguarded Interests 

In addition to this, the RERA Act was enacted by the government to defend and safeguard the rights of home buyers and ensure that they are not exploited by developers or builders.

RERA has specified certain building and development criteria for real estate that will increase the transparency of real estate transactions. It has given home buyers several rights and established specific laws and regulations that must be followed by all builders and developers. In addition, the RERA Act requires each state to establish a Real Estate Authority and an Appellate Tribunal. The property buyer can file a complaint with this organisation if the builder/developer violates the law in any way.

Increase in demand for peaceful localities 

The decision to invest in real estate is both financially and emotionally challenging. Whatever the case may be If a property is purchased for the purpose of living in the short term, the aspect of return on investment and price appreciation is always there in the minds of the investors. First-time investors aren’t passing up this opportunity because of the attractive and reasonable real estate prices. 

While investors have always had a keen interest in Mumbai City, given the booming rates and the already overcrowded city, property purchasers are actively researching choices in nearby districts rather than investing in megacities. Because investment in these locations is quite affordable, the prospect of a high return on investment is drawing investors from all over the world. Thane, Mulund, and Kalwa are proving to be the top three locations for home buyers. 

Thane is a self-contained neighbourhood with excellent access to the rest of the city. It combines the best of both worlds in terms of low-cost housing and a high-end lifestyle for homebuyers. Because of its accessibility, infrastructure, lifestyle, an influx of office spaces, amenities, and affordable housing, Thane is a successful real estate market and hence, buyers are keen on procuring these 1 BHK Flats in Thane.

The Kalwa real estate market is also booming and is home to various real estate developers who are offering 1 BHK flats. People invest in 1 BHK in Kalwa for a variety of reasons, including its proximity to Navi Mumbai, central Mumbai, and the western suburbs.

Mulund was once an industrial centre, but the region is now dominated by skyscrapers, premium residential complexes, and shopping malls. It is a hotspot for real estate investments that are growing at a rapid pace and hence the demand for a 1 BHK Flat in Mulund is high.

The Pandemic Impact

Despite the threat of a pandemic, the sector remained resilient and grew steadily in 2021. For a time, India’s first wave of Covid-19 brought the industry to a halt. However, by the fourth quarter of 2020, the market has begun to pick up speed, owing in part to increased demand for residential space. Residential sales increased by 65 percent on a sequential basis in Q3 2021, according to a JLL report. Low-interest rates, along with duty waivers (in some jurisdictions), realistic property prices, and appealing offers, will assist the business, resulting in cheap synergies.

The real estate index has grown by 75% in the last year and is the second-best performing sector index, outperforming the benchmark index Nifty50 by a wide margin. Real estate has not only made a comeback but is likely to thrive in the coming year, thanks to historically low loan rates and temporary stamp cuts.

Waiver in Fees

In the residential segment, India’s real estate sector is expected to rise by roughly 5% in capital value by 2022. According to some estimates, sales momentum will pick up in 2022 as prospective homebuyers continue to favour larger homes with more facilities, and attractive pricing will keep them interested in closing transactions. According to real estate analysts, now is the finest time in a decade to invest in real estate. With costs at their lowest and a supportive financing arrangement, there should be no more hesitation in making a purchase. 

Demand for Rentals

With office employment restarting, the commercial sector is on a rebound and the increase in rental properties is also on a steady rise. While most people are moving back to the city to resume work and hence looking for rental properties, a section of the audience is also moving towards quieter locations that offer multiple facilities. This demand for rental spaces is coaxing buyers to invest in second homes. 

To summarise, the real estate industry is flourishing, and the current market conditions are making it even more appealing. Waiting and watching were appropriate during the outbreak, but it is no longer prudent. Take advantage of low-interest rates, tempting schemes, and fantastic new designs to purchase a home. 2022 is the year when incredible possibilities turn into incredible choices!

The rise of a New Era, the rise of KALWA

Real Estate Scenario in Nashik

Kalwa has a storied past, a vibrant present, and a bright future. Being seen as Mumbai’s relative, outcasted earlier has carved out a place for itself as a prime location. A community is defined by its streets, which reflects in the residents’ beliefs, perceptions, and plans for the future. Kalwa makes a lovely collage that depicts the locality’s achievements and objectives. While the place is heavily dominated by Maharashtrians, Kalwa is also a great place to learn about various cultures. The streets are the heart of the celebrations and flash a good display during all major festivals. 

Kalwa is a demanding place, you have to love it only then will it love you back. If Mumbai is the city of dreams then Kalwa is the city of reality. Everything associated with this place is real and authentic. What is fascinating is its growth story. From a place, which had intermittent electricity and water supply, Kalwa has become a real estate hub featuring all luxurious amenities. Modern projects have provided facilities never imagined before. These projects feature lush-green gardens, better security and surveillance, a pollution-free environment, and better access to medical aid and healthcare facilities.

Kalwa, like any other rising city, is becoming a metropolis, with residents having enough to enjoy a higher level of living. This route is overflowing with outlets to satisfy the shopaholic in you, from name retailers to local shops. If you’re a gourmet, you’ll be happy to know that Kalwa is home to some of the city’s top Maharashtrian food.

Back in the days when travel was possible only by a train journey, the connectivity was low. With unequipped road infrastructure, traveling from Mumbai to Kalwa was a tedious task. This led to railways as the only option to travel. However now Kalwa is connected to several localities of Mumbai by a well-developed infrastructure. Several flyovers connect Kalwa to various locations in Mumbai. The city’s excellent connection via the central and harbour lines has also been a plus.

Kalwa is rapidly expanding, thanks to banks offering affordable home loans and real estate developers building spacious and trendy residences. Recognize that civilizations are founded on the foundation of individuals. When individuals begin to live in close proximity, a market emerges on its own. Kalwa has recently progressed past this stage and is currently competing with Metro cities in terms of living standards. In terms of sheer numbers, the Thane district has grown by 300 percent in the last five years.

If you ask the residents from 20 years ago, the peace and tranquillity provided by the natural environment of Kalwa are no less than that of a hill station. Surrounded by lush trees, chirping birds, and fresh air to breathe has been the perfect haven for most residents for many years. Despite the rapid development in terms of infrastructure, new residential projects, hospitals, schools, and many such amenities, Kalwa still remains pure with nature’s touch. Most prestigious residential projects have maintained natural beauty without compromise.

The desire to lead a comfortable, peaceful life has lured many city-goers to the peaceful side of Kalwa. This influx has led to the development of cocooned colonies and apartment complexes that offer beautiful 1 & 2 BHKs in Kalwa. These homes provide one with all modern amenities while being sheltered within nature. 

One of the most prestigious builders, Ashar Group, has their project in Kalwa – Ashar Aria, standing tall at 126 meters, the luxurious project offers many modern amenities with a lavish pool on the 22nd floor and an exclusive rooftop. 

Being one of the fastest development projects in the vicinity, it is well connected with major highways and the upcoming Metro route. But still doesn’t compromise on the experience of living close to nature. The mesmerizing views of Parsik hills and Ulhas river flank two sides of the project. Ashar Group is coming up with one more project in Kalwa to offer people modern 1 & 2 BHK homes. Now get ready to indulge and enjoy the life you have always desired and experience the making of Aanewala Kal Wah Hoga!

 

Top Reasons why HOME BUYERS should consider investing in KALWA

Real Estate Scenario in Nashik

Kalwa, which was once known for its commercial growth, has evolved into a preferable residential destination in Thane. The neighbourhood has everything in place to give it an edge over its neighbours, from good social and civic infrastructure to smooth connectivity ties. 1 & 2 BHK in Kalwa have been increasingly gaining popularity. 

Located in the northeast of Mumbai, Kalwa falls under the Thane district, a place majorly known for its industrial growth in the past couple of years. Kalwa’s transformation from commercial to residential development has been majorly led by its direct access to Navi Mumbai. The massive infrastructure changes and access to fine dining, shopping arcades, healthcare centres have made it the spot to invest and settle in especially with multiple options for suitable 1 & 2 BHK configurations.

Offering a variety of residential options that include apartments, bungalows, studio apartments etc., 1 & 2 BHK in Kalwa remain the most popular. More than 50% of the properties are 1 BHK apartments ranging from Rs. 45 lakhs to 90 lakhs. Kalwa has multiple opportunities for both investors and residents to select from some of the most reputed builders. This makes housing in Kalwa an affordable option for all types of investors. 

Improved Connectivity

One of the key elements that outshine this locality is its connectivity to commercial and residential spots in the city. The Eastern Freeway has reduced the time taken towards Mumbai Metropolitan Region and leads to smoother access to the International Airport and major railway stations. The talks to connect Mumbra and Kalwa to Thane and Mumbai via metro add to the cherry on the cake. This gives all residential and commercial projects a boost in the area. 

Recreational Opportunities 

Along with easy access to Mumbra waterfall adds to the list of recreational activities in the area. Three malls in the vicinity add to the charm for shopping, dining, and other fun activities. The locality also has access to renowned educational institutes and hospitals for medical emergencies located within 2-3 km from Kalwa.

Investment Potential

Kalwa’s popularity has been contributed majorly by the improved work opportunities and the increased connectivity across different areas. This has given the locality a much-needed hype. This market is perfect for investors looking for good investment options and also for first-time home seekers.

Upcoming Infrastructural Development

Many new developments are in line in Kalwa. The Kalwa bridge which is scheduled to open by 2022 end, will ease the traffic at Kalwa road junction further easing the connectivity to Mumbai-Pune and Thane-Belapur road. The existing Kalwa chowpatty will go through a major makeover to be transformed into a tourist friendly landscape with promenades, jogging track, walkaways, cycle track, open gyms, food court and a nice seating arrangement. The upcoming 550 mtr long skywalk will connect Thane station to Kalwa. It will run parallel to the railway track. This will be a faster alternative for the people to reach Thane station. Proposed Navi Mumbai Airport is all set to open in 2024. This will be a boon to the residents staying in the central belt and ease travel time.

Many reputed builders have their projects in Kalwa, one of them being Ashar Group. Their new project Ashar Aria is the tallest tower of Kalwa, standing 126 metres above the ground. A lavish pool and a rooftop with over 20 amenities only add to the luxury of this project. However, the Ulhas River and Parsik Hills lend the property serenity and only add to the beauty of the property. Only 10 mins away from Thane station, Aria is well connected to the bustling city life while being tucked away peacefully by nature. Ashar Group is also launching a one of its kind township project in Kalwa which has 1 & 2 BHK configurations. Experience and indulge in a life you have always desired for..kyuki Aanewala Kal Wah Hoga!

Embrace serenity in Kalwa while enjoying all modern amenities. Whether you are a new home seeker or just looking to move out of the city but do not wish to compromise on amenities and your access to Mumbai, Kalwa is the perfect opportunity to invest and move into. The all-access city life within nature defines Kalwa. 

Benefits of investing in Real Estate

Real Estate Scenario in Nashik

Most people’s bucket lists include buying a home, and it is one of the most important financial goals they can achieve. The independence that comes with achieving a life goal as important as owning a home is priceless. Real estate is a smart investment choice that provides passive income while also increasing the value of the property over time. 

The ordinary Indian buyer considers real estate to be a large investment. However, few people are aware of the associated expense deductions. The IT department treats the properties as small businesses, allowing buyers to take advantage of a variety of tax advantages.

Tax Advantages 

The Income Tax Act of 1961 contains many provisions that allow for a tax deduction for various components of the purchase or construction of a house, particularly where a home loan is involved, to encourage people to buy their own homes.

The principal and interest payments on a house loan can be divided into two categories. Different parts of the Income Tax Act of 1961 cover the tax benefits for repaying both of these components.

According to Section 80C of the ITA, persons who have made investments can deduct up to Rs. 1.5 lakhs from their total taxable income. Because buying a home is an investment, you can deduct the cost from your income and apply it to your mortgage. This tax benefit is based primarily on the total amount spent in that year on principal payments. Although there is no minimum claim amount, the maximum claim amount is Rs. 1.5 lakhs. 

In addition, loans do not just consist of the principal amount; they also include a significant amount of interest. Here’s when Section 24 comes in handy. Interest on loaned capital is exempted under this provision.

If the buyer or their family resides on the property, the buyer or their family can deduct up to Rs. 2 lakhs on home loan interest under the current tax regime. If you rent the house, you can still deduct home loan interest from the rental income under Section 24. (b).

Stamp Duty Exemption

Stamp Duty is a tax that must be paid when you buy a residence. You can deduct this amount from your taxes under Provision 80C, as long as your total deductions under the section do not exceed the upper limit of 1.5 lakhs. It’s vital to keep in mind that you can only claim this deduction in the year that the expense happens.

Capital Gains

Property prices in Thane have risen owing to its proximity to nature and rapid development, as well as the government’s announced measures to improve connectivity.

Property purchasers in this area have increased by 300 percent in the last five years, according to real estate specialists. Research says that Thane will see a surge of 40% job seekers. Such a forecasted increase in employment creation would result in a significant boost in home demand, which could lead to greater capital gain for Thane’s real estate investments.

The profit made if the property is sold within three years of purchase is referred to as short-term capital gain. Short-term capital gains are treated as income and are therefore taxed accordingly. A 30 percent tax is placed on investors whose total income exceeds ten lakhs rupees. After three years, the profits are considered long-term capital gains, which are taxed at a rate of 20% after indexation.

Long-term capital gains are profits earned from properties sold within five years of purchase. In this situation, the tax benefits under Section 80C will be reversed, but you will still be eligible for Section 24 benefits (b). Any money used to pay down the principal will be taxed, but loan interest can be deducted.

Tax Deductions on Depreciation

Depreciation benefits are by far the largest tax deduction for buyers, considerably improving their cash flow as they repay their mortgages. Real estate properties depreciate over time. The owner must reinvest in the house to maintain it by making repairs and modifications. Tax deductions are available for both the improvement expenditures and the depreciated purchase price. When the residence is occupied by the owner or a tenant, the depreciation begins.

Because a home loan has various tax benefits, purchasing a home is not only a financially viable decision but also one that provides tax relief. With home loan interest rates at their lowest in four decades, now is the best moment to make your house-buying dreams a reality. If you are looking to buy property, Thane is one of the most viable options for investment. 

Thane – the safe real estate investment bet 

Thane’s connectivity spans to Navi Mumbai, as well as Mumbai’s Eastern and Western Suburbs through road and railway networks. Thane has a lush habitat with minimal pollution levels in the air, water, and noise. Thane has become a popular residential destination due to its superb social infrastructure. Thane’s social infrastructure has been revolutionised by a diverse range of residential options, a multicultural population, and leisure options. Ashar Group’s projects with 1 BHK Flats in Thane are one of the best properties for investment. Due to the development of several business parks and the availability of effective social and civic infrastructure, the area, which is valued as a residential site, has also been drawing commercial enterprises.

While Thane is emerging as the next favourite for people to take residence at considering the high level of infrastructure, the low cost of living is also a major factor to be considered. 

  • Thane has more huge branded developers with major townships competing against each other than possibly any other city in India today. As a result, developers in Thane are far ahead of those in Mumbai in terms of best practices. Thane’s housing prices are more reasonable.
  • Premium projects in good locations in the city are 30-40% less expensive than their Navi Mumbai counterparts. With better connections and a strong social infrastructure, the area has become a popular choice for professionals looking for a place to call home.
  • Mumbai’s railway network through the Central Harbour Rail Line, Thane-Panvel Rail Line, and Central Railways also connects to Thane. The ease of travelling from Thane to various parts of Mumbai makes it the most viable option to reside in. 
  • Another key route of connectivity is the proposed metro rail, which would run along the Ghodbunder Road with more than ten halts within Thane. This will cut travel time in half. Other infrastructure projects planned include the Thane-Diva Road, the Bhiwandi bypass flyover, and the metro-3 project to Kalyan and Mira Road. 
  • The road and rail connectivity from Thane to Mumbai aid in faster and smoother travel for residents resulting in saving time and money. 
  • According to data from CRIF High Mark, a credit bureau, Thane had more active home loans than Mumbai as of December 2019: 5,82,613 versus 5,41,892. 
  • Homebuyers are now increasingly moving towards affordable homes without compromising on the standard of living. This has led to an influx of investments in Thane.

Thane has gone a long way from being a barren piece of land to today being known for housing lavish and high-end gated homes. Investors are optimistically looking at Thane, realising that a fantasy of living a rich life in a space-constrained city like Mumbai is a far-fetched idea. Thane city properties now provide residences in gated communities with even 4 to 5 bedroom apartments. Thane is rapidly growing into a full fledged township with a plethora of commercial establishments. Take advantage of the opportunity when it comes knocking! Make the most of a location that is still developing by investing in Thane to enjoy a higher standard of living at a low cost. 

5 Reasons why one should own a home in Majiwada, Thane

Real Estate Scenario in Nashik

Thane is emerging as the new popular suburb for most homebuyers, especially Majiwada. It qualifies among the top affordable housing regions in the city. Stronger connectivity, developments in Infrastructure and an increasing mid-level population is adding to Thane’s charm of an affordable suburb. Many renowned builders have set their base there, including Ashar Group. And now Ashar Group is all set to upgrade with 2 BHK Flats in Thane, as well as 1 BHK Flats in Thane, Majiwada making it one of the emerging localities in the region.

What makes Majiwada popular?

Connectivity 

Over the last few years, Majiwada has seen a transformation like no other. The advantage of good connectivity with Nashik, Bhiwandi, Western Suburbs along with a developing infrastructure have made it a hot spot. The project for three flyovers is underway at Majiwada which connects the residents to places such as Mulund, Thane-Bhiwandi and Mira Road and the upcoming Borivali tunnel which will further reduce the travel time. The upcoming Metro project of Thane will also increase the connectivity around this suburb. These major development plans by the government are increasing the property rates and giving rise to premium housing options. 

Nature Parks

With a string of well manicured gardens and nature parks around like Yeoor Hills and multiple lakes like Upvan lake and Talao Pali and other recreational areas, Majiwada is a perfect location for a green soul.

Lifestyle & Entertainment

Majiwada is your home for lifestyle and entertainment with various malls in and around the locality. Viviana being one of the biggest malls in Thane is a home to various branded stores and elite restaurants followed by Korum mall. With your home nearby, every weekend will be fun and exciting.

Education and Healthcare

Range of educational institutions like Smt. Sulochanadevi Singhania school, Vasant Vihar school, Billabong High international etc provide excellent quality education. Best in town hospitals are located nearby Majiwada mainly Jupiter Hospital, Mahavir Jain hospital, Bethany hospital which offer best healthcare services.

New Launches

Townships, buildings and multiple projects are being developed in the locality. Builders in the city offer quality infrastructure that tackle issues such as drainage, flooding, water clogging, waste management etc. Cleaner roads and better management of systems add to the charm of the city. 

Before the popularity of the area, the average price was Rs. 8000 per sq. ft. With the recent developments, infrastructure advancements and influx of bigger builders, the cost has shot up to Rs. 12000 per sq. ft. and is only going to increase. 

Ashar group’s newly launched project Ashar Axis in Majiwada, Thane offers access to some of the best amenities. Situated in the centre, the properties gives you access to all amenities of city life and allows you to enjoy the scenic beauty as well. So whether you want to relax in a swimming pool at the end of the day or overlook the Yeoor Hills, you are in for a treat at Ashar properties. 

It is one of the most prestigious projects with a 35 storey grand residential tower offering 1 & 2 BHK luxury homes with 3 distinct amenity zones. All homes are designed keeping in mind Vaastu and have a spacious loft for storage requirements as well. It is equipped with all modern amenities such as AC, Washing Machine, Geyser, Aquaguard, Chimney and a hob. Ashar Axis is truly a life space which completes all your desires and demands.

Lucrative offers, reasonable rents and home rates, quality housing and a lot more is what Majiwada has in store for prospective buyers. Along with quality housing, Majiwada elevates the quality of your life and offers you a higher standard of living. With all modern amenities and the serenity of living away from the hustle, life is peaceful at Majiwada. 

Premium Customised Homes in Pali Hill

Real Estate Scenario in Nashik

An expanse of green scapes, small bungalows set amidst trees and gardens overlooking the coastline, Bandra’s languid atmosphere has almost welcomed everyone. With the arrival of the Bandra-Mahim Causeway in the mid-1800s, the connectivity of this suburb to other parts of Mumbai lent to a different charm and opened the doors of exploration.

A place of varying people and cultures, Bandra has seen glory in all forms. Home to many superstars and artists, the locality has only grown in the past few years. Having the best of amenities from hospitals, top-notch schools, and colleges, massive shopping markets, it’s everything one needs in a place to settle down in. Bandra is one of the most expensive areas in Mumbai, luxury streets such as Pali Hill, Carter Road, etc. have sky-touching rates. However, luxury demands a higher price tag.

With the added amenities the locality has to offer, it is one of the most well-connected suburbs of Mumbai. Right off the Western Express Highway, Bandra is closer to the commercial hub Bandra Kurla Complex and also houses the Sea link connecting to the South of Mumbai.

When you weave through the lanes of Pali Hill, with the premium buildings shadowing the roads and the quaint bungalows lining the streets you instantly get a whiff of luxury and class. The poshest location of Bandra tells the story of heritage and luxury. The irresistible charm of the suburb rooting from its Portuguese and British heritage makes Bandra the Queen of the Mumbai suburbs.

To ensure a timeless experience for residents, Ashar Group has launched their ultra luxurious project Navroze in the heart of Mumbai – Pali Hill. This bespoke residence is OC received and ready to move in having 3 luxury customisable residences – The Sky Villas, The Mansions and The Suites of which The Sky Villas and Mansions are sold out. It also offers one a kind 6500 sq.ft grand residence – The Penthouse which has earned a distinction of one of the most elite properties in the country. With lifetime panoramic sea views, columnless floorplate, fully customizable homes and 500 sq.ft open to sky party deck, this luxury residence is truly a space reserved for the connoisseurs of elite experiences.

A visible landmark from the sea, this high rise is architectured to lend a graceful, timeless experience. The amalgamation of modern and classic interiors only adds charm to its extravagance. The fully-customizable space is enhanced with sky-decks, floor-to-ceiling windows, top-class security, dedicated access, and more. When you enter the gates of Navroze, you enter the world of luxury meant only for you.

Amidst the many iconic places Bandra has to offer, you find your fortress right at Navroze. Equipped with a lounge, gym, and swimming pool, you won’t feel the need to step out unless you wish to explore the quiet by-lanes of this rich suburb. Bask into a distinct view of the city, or meditate in the lush greens in the zen zone, Navroze is where serenity meets under blue skies.

Being one of the finest locations in the city, a visit to the site is by invitation only which only adds a hint of intrigue to this project.