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.

Tips to buy a new House.

Tips to buy a new House.

If you have just started your work/job and want to save money, it’s more than likely you may buy a house soon. Of course, paying rent each month is not preferable, but giving an EMI for your new flat is a better option. Living at your own house brings unparalleled happiness.

Although there are so many alternatives for real estate, you should be careful in your home selection. There are always tips that can help you make a more intelligent decision, whether you’re buying a 1 BHK in Thane or 1 BHK in Kalwa, or a larger home or apartment. This article will provide you with some concise, high-quality advice for your first home purchase.

Know our needs – 

Make sure you are aware of your demands before choosing a flat or flat for yourself. You ought to be aware of all the regulations. You can be sure that you select a house in this manner that meets your needs. What’s the point if you subsequently regret making a hurried decision that you now regret? So, be sure to select a home that meets your needs. You could ponder things like:

  • How many rooms should the flat have?
  • Are the stand-alone or gated apartments acceptable to you?
  • What’s your spending plan? If the price is too high for you, can you afford it?

Whenever you inquire about such things, you would take a better decision for yourself.

Safety of the property –

Regarding the safety issue, you ought to take caution. You cannot take safety for granted because crimes are always being committed. Search for the building that has proper guards, watchmen and CCTV cameras. This will allow you to confirm that the flat you are buying is secure and not at all close to a crime hotspot. Afterall, there is no point in choosing to live with your family in a bad or unsafe neighborhood. Hence, be cautious when it comes to safety. You would choose wisely and safely if you compare different houses with different localities.

Facilities and Environment – 

The facility that come with the apartment should also be looked into. How is the society you are moving into doing? Is it tidy and roomy? What about the building’s amenities? Is there a balcony and sufficient windows in the apartment? You must keep a check on these matters, or you risk getting stuck later. As you’ll be living in the new flat for at least a few years, you should investigate the building’s and flat’s surroundings. As a result, inspect and spend a day in the flat or building you are considering buying. Check to see if you can live there happily and safely.

Conclusion –

Make sure to keep all these suggestions in mind whether you’re looking for a 1 BHK flat in Kalwa, or 1 BHK flat in Thane. When you carefully select your property, there is nothing to regret in the future.

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!

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 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. 


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.

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.


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 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 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 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

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 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

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.

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!

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?


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. 

1 BHK or 2 BHK? Which one is best suited for you?

Real Estate Scenario in Nashik

As the urban lifestyle and pace evolve, our choices and approach to everyday life also keep evolving. One of the best examples of this is the concept of a nuclear family and the way they function and keep up with the changing pace of life. Many people are perplexed when it comes to deciding whether to buy a 1 BHK Flats in Thane or 2 BHK Flats in Thane. The 1 BHK vs. 2 BHK unit dispute is typical among budget-conscious homeowners, particularly first-time buyers looking for a small family home or a bachelor pad. However, deciding between the two possibilities will be difficult. You’ll have to think about things like property pricing, location, builder, and space, among other things.
Making plans for the future

A 1 BHK may appear to be the right balance of cost and coziness as a beginning house. Buying a house, on the other hand, is a long-term investment. You may believe that a 1 BHK apartment is sufficient, but if you wish to grow your family, it may become crowded as time passes. A 2 BHK flat, on the other hand, provides adequate space for a nuclear family to live comfortably.
The size of your family is one of the most important factors to consider while selecting the appropriate flat size. For a family of more than five people, a two-bedroom apartment may not be the best option.
People nowadays are opting for a three-bedroom flat if their family consists of three individuals and they have a sufficient budget for the three-bedroom flat. Even if your household is only two people, but you have frequent and recurring visitors, you will require an extra room. In this instance, the best option is a two-bedroom house.

Supply and demand

A two-bedroom apartment is great if you’re a bachelor or have a small family. Because the demand for 2 BHK homes is usually higher, builders give special attention to the design and construction of these homes.

As a result, 2-BHK homes have more facilities and design alternatives. As a result, you will typically find a larger and higher-quality 2 BHK property than its 1 BHK equivalents.
Also, due to the great demand for 2 BHK properties, it will be easier to sell if you are acquiring a home only for investment purposes.


It’s no secret that the Indian real estate market is price-sensitive. Almost every buying decision is influenced by the cost. If you have a small family or live with your parents, a two-bedroom apartment is a better alternative to satisfy your space needs.

The most crucial consideration in determining the best house for you is your budget. According to research, a 2 BHK flat is cheaper than a 1 BHK flat in terms of the space ratio and the money.
The pandemic has been one of the most significant factors in recent times.If you have not been financially affected by the pandemic, then opting for a 2-BHK would be ideal. If your budget is limited because of pandemic concerns, then 1 BHK flat is the best option.

As a result, if you take out a home loan to purchase the property, you may still afford a large apartment while still fulfilling your other monthly responsibilities.

Costs of upkeep

Maintenance is one of the most important considerations when determining the appropriate size for your dream home. In terms of absolute costs, 1 BHK flats are less expensive to maintain than 2 BHK flats. 1 BHK flat is the best option for you if you want to acquire a property that is low on maintenance. Furthermore, by paying a higher maintenance cost, you obtain a larger carpet surface, which is a sensible investment decision.

To summarise, you can choose a 1 BHK to be your new beginning or a 2 BHK to be your space saver.

1 BHK – Your new beginning

  • Ideal for a newly wed pair
  • Perfect for first time buyers with limited budget
  • Good investment option for first time buyers

2 BHK – Your space saver

  • Suitable for a growing family
  • More space enhances the elegance and allows to host family and friends
  • Offers plenty of space and a high return on investment

When purchasing a home, you can now select between the two alternatives. Ashar Group offers thoughtfully designed 1 & 2 BHK apartments to match and suffice your needs, taking into account both sides.
So, choose the right one and reserve your ideal property right now! Take a look at these fantastic homes offered by Ashar Group in Thane and MMR.

Understanding Property Tax

Real Estate Scenario in Nashik

When we get to a certain age, we tend to buy or invest in some property; if not, then at least our elders might have some. It can be a house, a car, or anything major in value. These are like assets to us as their value is high, and they are tangible. One needs to have a proper understanding of property taxes and at the same time, be updated with the necessary information/changes throughout the year. The tax is calculated depending upon the property you own, and by multiplying the tax rate to the property’s current market value. Tax assessors determine how much tax you are supposed to pay by looking at the amount of property you own. Every country has its way in which the tax is levied upon.

Let's now understand how the property tax is assessed

Diverse property types have different sorts of duties evaluated on the land and its designs. For instance, empty land will have an altogether lower evaluated esteem than an equivalent piece of property that is improved. Accordingly, it will have lower local charges, when there is no development on the land, the charges are different from when there is the development. Also, depending upon the location, the charges are out on the place, and then the tax is levied accordingly. In case there is admittance to public administrations, like sewer, water, and gas, the land appraisal may be higher. If the assessor feels that the land can be created, it could prompt a higher appraisal and more charges for the proprietor. The sum that a property is burdened comes from a level of the surveyed worth of the property.

Here is how property tax is calculated.

Property charges of any space are calculated based on multiple factors such as location, current property rates, etc. This also takes into consideration land as well as the type of property. Property tax is calculated through different methods:

  • Capital Value System – Determined by the market value of the property set by the government
  • Unit Area Value Systems – Determined by the unit price of the built-up area
  • Annual Rental Value System – Determined based on the rental value collected each year

Property tax is not unified across the country, it varies from state to state.

The property charges of any place are determined utilizing the worth of the property depending upon the location and the current real estate rates. This incorporates both the land and the type of construction. Commonly, tax assessors will analyze the property each one to five years and charge the proprietor-of-record the suitable rate keeping the guidelines set by the authority. Assessors ascertain that worth utilizing the plant demand additionally called the millage tax and the evaluated property estimation.

There are also mortgage calculators which are available online, which will help you in determining the tax you will be paying on particular amounts of property, and this is a great way to always keep an estimate about your taxes.

Here are some of the mistakes that you should avoid while paying for taxes:

  1. Always fill your taxes on time. Don’t avoid it
  2. Don’t make calculation errors while filling.
  3. Fill in the right form and enter the right details carefully.
  4. Always be updated with the new tax rules.
  5. Do not mess up the account numbers.

Understanding property taxes is important, and when you know how to do them, you become a responsible citizen and do your part for the economy.


Let's now understand how the property tax is assessed

Why is real estate a better long-term investment option?

Real estate is the most preferred investment option across the world. As per a Gallup poll in 2016, real estate investment was rated as the best among long-term investments – much ahead of bonds, stocks, saving accounts, mutual funds, and gold.

In India, the emotional joy of owning a property is inherently much stronger than ever. The cherry on the cake: The recovery phase of the real estate market of India may have begun already since hitting rock bottom in the previous few quarters.

Did you know?
In India, real estate is the second biggest employer after agriculture and is expected to grow by nearly 30% in the coming decade. Hence, no matter what the temporary impediments, it remains the safest investment option to date, and is set to grow much shortly.

Why is real estate a better long-term investment option?

It does not need much expertise

Investing in real estate is not rocket science. Even first-time investors can get it right with the help of some online research or real estate consultants/agents.

In comparison, investing in stock markets or mutual funds demand constant time & attention, in-depth knowledge of the market, the business & the financial world.

Generate rental income

By investing in real estate, one is almost 100% guaranteed a regular stream of rental income. In comparison to stocks, you are not subject to the mercy of volatile market forces that can dilute your net worth overnight. By owning a home, you are assured of regular and stable monthly income, which will increase with time while your home’s capital value also appreciates.

Good appreciation over the long term

You must have come across these sayings: “Ninety per cent of all millionaires become so through owning real estate” – Andrew Carnegie. “Landlords grow rich in their sleep” – John Stuart Mill.

Real estate is a long-term investment, it’s a place to park cash in an appreciating asset that has the potential to provide passive income.
Over the last two centuries, about 90 per cent of the world’s millionaires have been created by investing in real estate. For the average investor, real estate offers the best way to develop significant wealth.
In addition, it’s a fact that the human population is booming while the supply of habitable land is fixed. Hence, it is highly likely that the demand for real estate will only rise in the future, and eventually, the returns from real estate will only increase in the long-term future.

Comparison to stock investments

In comparison to real estate, investments in stocks are a cocktail of uncertainty. It is a risky game to trade in derivatives and stocks. Since investing in the stock market is a highly specialised field, it needs superlative skills to make money out of equities and exploit trade cycles. Also, misleading market trends often result in investors making impulsive decisions to sell and buy.

Comparison to mutual funds

By principle, investment in mutual funds results in minimising risk by investing in several different portfolios. However, the investment is subject to many risks because of market volatility. In comparison, investing in real estate is not a very risky option as it promises many long-term returns – because demand outstrips supply.

Going by the facts stated above, it’s a wise decision to invest in real estate over stock market or mutual funds. So if investment running all over your mind, real estate is the right option and, now is the time to begin. History says – real estate can be more rewarding for those who start at a young age.

Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. Ashar Group does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.

Kitchen trends in your apartment

What’s cooking?

Chic and contemporary decor ideas to turn your kitchen into a drool-worthy one.

It is not easy to find the right dwelling space in the city of dreams – Mumbai. It requires an investment of time, energy and money. Once you find the right fit, the next challenge is to convert the house into your cocoon, your home sweet home. What better way to do so than through a décor?

The kitchen is the heart of the home, it is a place that fuels our bodies, minds & souls, brings people together,  traditions are made, cemented and passed on in our lives, and A place where memories are homemade and seasoned with love. For a place as important as this, decorating it should be of utmost importance.

Here are some stunning kitchen décor ideas you’ll be tempted to try:

Metallic colours and accents

Let your kitchen embrace the beauty of metallic hues and textures. Add geometric décor in modern metallic finishes and simplified oversized shapes to your kitchen cabinets and shelves. You can also add some accessories on the periphery of the cabinets – go for some gold and silver metallic combinations for a uber-chic kitchen.

Statement-Making Taps

Ask your interior designer to arm your kitchen with some smart taps. Opt for slender, metallic finish smart taps, not only will they add some real oomph to your kitchen, but also help you save on water bills. These attention-grabbing smart taps automatically sense the motion of hands and stop the water flow once you put your hands or other objects away from it. Indeed a must-have!

Intelligent Gadgets

Why just smart taps when you can turn your entire kitchen into a smart kitchen? An empowering tool, smart devices such as Amazon’s Alexa voice assistant. From maintaining a grocery list to keeping multiple timers, making coffee, controlling smart cookers & large appliances such as ovens and refrigerators and listening to music or the news while cooking. Alexa is your genie and your wish is her command.

You can also accessorise your kitchen with motion sensor-enabled lights. So that when you are in a kitchen, nothing except the recipe for a gastronomic meal runs in your mind. More so, they help you save both: money and energy.

Optimum Storage

Make the maximum utilisation of your storage space in the kitchen – go for open shelves with eye-catchy textured background wallpapers, you can fold them after your meal is ready!

Some More Space

You can make your kitchen look spacious with the help of larders. The larders are the single cupboards that symbolise a food wardrobe. You can store all your tableware and groceries in them.

Black and White

Accessorise your kitchen walls with black and white textures, they are bold & versatile and will impart a seductive allure to your kitchen that says sleekness and sophistication at the same time. If you choose a matte black wall texture and tone, complement it with glossy surfaces, to create a kitchen that’s difficult to take your eyes off.

Get Ready to Brighten Up

To add a visual depth to your kitchen and create a welcoming ambience, embellish your kitchen with unique kitchen pendant lights.


For a kitchen to run smoothly, you can’t suffer through chock-full cabinets or overflowing drawers. For a clean kitchen that will effortlessly allow you to get what you need without having to dig, reach, or unstack, you will need to practise minimalism. This means you will have to declutter your kitchen very inexpensively with only a little time and thoughtful consideration.

Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. Ashar Group does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.