How Technology is Propelling the Construction Industry

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

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

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

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

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

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

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

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

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

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

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.


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.

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?


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. 

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

Technology in Real-Estate Industry

With the shift in consumer behaviour and the ever-changing market conditions, the real estate sector is undergoing a gradual upheaval. However, these changes are only enabling this sector to evolve and adapt. One of the most crucial changes in this sector is the adoption of technology. Innovative solutions in the form of software, platforms, and applications are the driving force leading towards growth.

With the initial decade being paramount as a learning curve, phase two for PropTech or Real Estate Technology began in the 2000s. This phase was keen on utilising existing tech to transform it into a new experience. This has also assisted in the disruption of the real estate model.

However, the recent phase in PropTech that is currently dominant is embracing innovative solutions such as Augmented Reality, Virtual Reality, Drones, etc. The access to productivity tools and analytics have paved the way for agents’ increasing efficiency and providing a quality sales experience. One of the major impacts Real Estate technology has had on the industry is identifying quality leads. Lead generation platforms have simplified the search and helped connect with a niche audience. What’s also helping fast-track this is the initiation of AR(Augmented Reality), Virtual Reality, AI(Artificial Intelligence), and much more.

Let’s take a look at the advancements in the industry.

  • Management Softwares – Softwares help agents manage their customers online by ensuring timely reporting, automated reminders, screenings, appointments, etc.
  • Mobile apps – While having a website for your real estate is a hygiene practice, a mobile app also makes a lot of difference. This allows buyers to view all property details easily, can help schedule visiting tours, view VR tours, and with a chatbot, the implementation makes it easier to resolve queries.
  • Virtual Reality – At a time when even high-resolution photos don’t suffice, VR is the new solution. Virtual tours are the most recent technological trend helping millennials buy property from the comfort of their homes. Making use of this technological feature, Ashar Group has successfully conducted multiple virtual tours for their customers during the lockdown.
  • Augmented Reality – AI is transforming the way the real estate industry is conducting business. From utilising chatbots on websites to leveraging automation with CRM systems, the adoption of technology is bringing a new wave of convenience. Data analytics has also significantly impacted this sector which helps harness profitable opportunities for businesses.
  • Big Data – One of the most important changes that have evolved the real estate industry is personalised recommendations. In the current scenario, agents are able to make recommendations based on the wants and needs of buyers. However, big data will emerge with more intelligent recommendations in the near future.

As the COVID pandemic made way for a digital shift, Augmented Reality and Virtual Reality have created opportunities for virtual tours. Providing a realistic reflection of the look and feel of the actual property, these tours have made property buying and selling convenient for all parties.

The real estate sector has traditionally been a largely unorganised space but the evolution of these technological advancements and the disruption has made the sector more approachable for investors, and builders.

Impact of Work From Home on Real Estate Industry

“The Only Constant in Life Is Change.”- Heraclitus. But the change that COVID-19 brought in our lives – no one saw it coming. Hygiene & safety became an utmost priority, and the pandemic-led lockdown turned our homes into everything from a restaurant & office to garden & temple, from a gym & shopping mall to a cinema & a recreational centre. This change in the meaning & purpose of a ‘home’ radically transformed the real estate market – residential, commercial and vacation homes.

Impact on Commercial Market

The Commercial Real Estate market witnessed both risks and opportunities:
  • There was a decline in demand for commercial spaces
  • There is a rise in demand for co-working spaces
  • There is a rise in demand for spacious & open commercial spaces, considering physical-distancing
  • There is a boost in subleasing powered by companies with longer-term leases

Impact on Vacation Homes

Work from home (WFH) gave rise to another concept known as ‘workation’. Many organisations introduced the workation concept which empowers professionals to mix business with leisure.

Workation turned the tables for the market for vacation homes. The growing number of the middle-class, higher middle class, NRIs and HNIs began exploring vacation homes in their country, within driving distance of metros – in smaller towns and nearby holiday destinations such as Nasik, Lonawala, Alibaug, Karjat, Goa, Panchkula, Kasauli, Shimla and Dehradun among others.

Workation was a win-win situation for employers, employees & the real-estate market. As for the employers & employees, workation facilitates living and working from vacation homes for long durations, without compromising on work or family life.

For the real-estate players, the sale of vacation homes & in turn profitability went up. Striking while the iron is hot – developers started offering competitive prices. This fuelled by low-interest rates on home loans by financial institutions, second-home & vacation home became the preferred choice of investment for travel-savvy professionals who earlier enjoyed annual holidays.

Impact on Residential Market

Work from home (WFH) has overshadowed the previous ‘gold standard of Indian housing – the walk-to-work/short drive to work. This has led to future homebuyers shifting to the peripheral areas in search of bigger homes and a better lifestyle – at more affordable prices.

Understanding that the work from home (WFH) is here to stay, the millennial generation – who are the future homebuyers have a new-found preference for buying rather than renting homes.

They are now preferring to live in more spacious and cost-effective homes in less central areas. This new demand has dictated fresh supply.

Affordability and Price Quotient

Apart from changing real estate consumer preferences due to work from home, affordability has played an important factor in the shifting & rising demand towards residential property purchase in peripheral areas such as Thane & Mulund.

The cost analysis of real estate in MMR is as follows:

In MMR (Mumbai Metropolitan Region), the average price for a standard 1,000 sq. ft. property in areas within city limits is approx. Rs 1.85 Crore, against Rs 55.35 lakh in the peripheral areas – a 70 per cent cost difference. Micro-markets within city limits included Andheri, Vile Parle, Goregaon, Malad, Kandivali, Chembur, Wadala, Ghatkopar, Vikhroli, Powai, Mulund, etc. Peripheral areas include Kalyan, Bhiwandi, Dombivli, Mira Road, Vasai, Virar, Thane beyond Kasarvadavali and Owale Panvel, Ulwe, Taloja, etc.

The average monthly rent for a standard 2 BHK home in areas within city limits is approx. Rs 45,800, against Rs 12,500 in the peripheries.


All in all, the work from home (WFH) culture popularised by the COVID-19 pandemic has proven to be a mixed bag for the real estate sector.
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.

The transition of real estate – from real to virtual


Modern Problems Require Modern Solutions – this statement proves to be true in today’s pandemic struck world where the best of the world comes to you at your doorstep, or rather fingertips, thanks to digitalisation. It is a part of almost every sector – be it work from home, education, e-commerce, banking, retail, tourism, or real estate.

When the pandemic-induced lockdown forced businesses to shut down physically, they began to look for other avenues to reach out to their customers. It was here that digitalisation proved to be a silver lining.

While property portals have been around for more than a decade or so, buyers mostly preferred to visit the property physically, inspect the location, meet the developer/seller and sign the agreement. Property portals & real estate mobile applications were mostly used to narrow down the property search, view property pictures, and contact the developer & seller.

But, this is now a thing of the past. Pandemic introduced the ‘new normal’ – digitalisation. People have now got used to the digital way of life where they can get everything from pin to property in a click. If not completely, at least more than half of the real estate transaction process is conducted digitally. This includes virtual property visits, availing bank loans, online payments, documentation submission, the initial meeting with developers & sellers through video calls etc.

This is the buyers’ side of the story, the dipping real estate sales and the pursuit to recover sales and to remain relevant developers & sellers are placing their bets on digitalisation & modern technology.

So, how is the digital transformation of the real estate industry taking place?

Promotion, eventually leading to sales:

Social media is a powerful tool that can help developers & sellers generating leads and converting them into buyers. Developers & sellers are striking while the iron is hot by strengthening social media presence. Aggressive organic & inorganic marketing on Twitter, Facebook, Instagram & LinkedIn is just one of the ways to bridge the gap between the buyers & them, and increasing their business.

Understanding buyer behaviour:

Developers & sellers are leveraging the power of the digital marketing funnel to zero down on their target audience by understanding their needs better concerning home buying preferences. Digital marketing funnel keeps a track of customers navigating the web pages. Properties are filtered as per the requirement to convert leads into sales.

Additionally, thanks to AI and Big Data, developers & sellers can accurately analyse customer behaviour, distinguish between hot & cold leads, thus saving substantial time, customer service costs, and understand buyer behaviour.

Harnessing the power of technology:

Building Information Modelling (BIM) is transforming how real estate projects are done. A 3D model-based software – BIM facilitates planning, designing, constructing & managing buildings for construction, architecture, and engineering professionals.

Chatbots are a great way for developers & sellers to stay connected with their potential buyers 24×7. Through chatbots, developers & sellers can offer handholding to customers through their entire property-buying journey, thus developing nurturing relationships & fostering sales growth.

Virtual walkthroughs or e-Visits are a thing now. Augmented Reality (AR) and Virtual Reality (VR) are proving to be a magic wand for developers & sellers. AR & VR provide a surreal home buying experience to home buyers. They empower potential buyers to take a tour of property virtually – anytime, anywhere without physically visiting it.

Making the most of this technology, Ashar Group too conducted virtual meetings and e-visits for its potential customers during lockdown which proved to be fruitful.

Seal the deal digitally:

Shifting from conventional paper-based processes to digital documentation has resulted in nearly 10 times faster turnaround time in the overall sales deal. Digital documentation eliminates – long hours to prepare legal documentation of purchase agreement, loan processing and payments and human errors. The expense incurred for the storage of documents was massive for real estate players, digital documentation will reduce that and make it secure. Lastly, digital documentation makes it easy for consumers to purchase property in another city, state, or country.

To summarise, as the saying goes “The only constant in life is change.” Digitisation – apart from being the silver lining in a dark cloud of the COVID-19 pandemic, is here to stay. Whatever the reason be – to enhance transparency, increase sales, ease the selling process, gain an edge, attract new buyers, or stay in touch with loyal customers – developers & sellers should continue to harness the power of digital technology even in the post-pandemic world. While doing so, they should not forget that old is gold, hence interpersonal relations or human intervention cannot be ruled out.

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.