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

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

  1. Festive Spirit Boosts Market:

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

  1. Time for New Beginnings:

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

  1. Tax Benefits and Fiscal Planning:

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

  1. Real Estate Market Stability:

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

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

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

Bandra: A Hub for Luxury Properties

The rise of Bandra

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

Location, Location, Location comes at a price

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

The queen of the suburbs for a reason

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

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

Ashar’s Iconic Projects

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

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

5 Essential Tips for First Time Home Buyers in India

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

  1. Budget planning:

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

  2. Current market prices in your preferred location:

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

  3. Choose reputed real estate developers

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

  4. Amenities

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

  5. Approvals & Verifications

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

  6. The Bottom Line:

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

Reshaping Dilip Kumar’s Iconic Bungalow

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

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

A Legacy Transformed: The Story Unveiled

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

Crafting a Landmark: From Blueprint to Reality

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

A Vision Fulfilled: A Glimpse into the Future

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

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

Read More here

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Construction World

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.

Key factors influencing property rates

Real Estate Scenario in Nashik

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

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

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

Location:

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

Infrastructure Development & Amenities:

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

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

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

Customization of flats:

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

Floor Level: 

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

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

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

Premium Customised Homes in Pali Hill

Real Estate Scenario in Nashik

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

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

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

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

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

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

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

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

Trends in Real Estate

Modern Times = Modern Homes

How pandemic has changed the face of the real estate market

The ongoing pandemic has transformed the way real estate is viewed. The once widely-popular corporate spaces now sit empty, while the need for residential spaces have shot up. The reason is enterprises making work-from-home a new way of working. This has pushed the demand for spacious nuclear homes in urban areas with all of your essential amenities, making moving in easy for a working couple.

Embracing and adapting to this change, the real estate world is transforming in many ways:

  1. Small homes, with big hearts

Small homes that are easy to maintain have cropped up in large numbers across cities, and are affordable too. This is due to the rise in the demand for residential properties that made realtors create a new market for small, affordable spaces. The furniture industry also jumped on the bandwagon by creating compact, multi-purpose furniture pieces.

  1. Easy living with smart, equipped homes

Moving into furnished homes, equipped with essentials such as air conditioners, refrigerators & kitchenettes, etc. is essential for today’s homebuyers. This is complemented with smart homes where everything including air conditioners, dishwashers, lights, fans are voice-controlled at the push of a button even when one is away from home.

  1. Fuss-free furniture

Gone are those times where one would move into homes months after purchasing. For today’s fast-moving generation, everything is now or never. This has given rise to a new segment of ready-made, build-it-yourself furniture that is affordable and can be easily modified and installed, without assistance.

  1. Accommodating a millennial lifestyle

The technology-led millennial generation comprises the largest population. They have a heavy disposable income and are today’s homebuyers. Additionally, today’s generation is eco-conscious, hence they look for sustainable homes.

To grow & stay relevant, the realtors and the real estate market should ideally be revolving around the needs of millennials. The key for which is marrying technology, sustainability, and affordability, while being quickly adaptable.

How to choose your dream apartment

FIND THE HOUSE OF YOUR DREAMS

How to know if a house is right for you?

You’ve long been dreaming to own a house, saving up to turn it into a reality. But finding a dream property in the city of dreams is no easy task. There are many points to consider: location, amenities, safety, value for money, appreciation rate, size & layout of the apartment, and the list goes on… If luck permits, you’ll get them all, but if not, you might have to compromise on a few factors, but which factors are worth compromising? Aargh! This might get annoying.

Once you’ve found a close match, how to be sure that this is the one? Well, fear not, we are here. Here are some valuable tips and ideas on how to choose the property that best fits your needs.

Define your budget

Before your house-hunting spree, determine your budget. To estimate your budget, you need to know: 1) your earnings 2) savings/collateral.

Map Your Location

Location is by far the most critical considerations you can make before signing your purchase papers. If you have children, you should ideally select a property that is located nearby an educational institute. Additionally, your future home should be well connected to roads and public transport, it should be closer to hospitals & shopping malls, etc., and be safe. Last but not least, the residential complex should have all the necessary amenities and facilities.

Choose the Proper Layout

What type of building do you prefer? One where you can walk up to your home, or a high-rise elevator building? Do you own a vehicle to park?

Determine an apartment size that’ll work for you, a 3, 2 or 1 BHK? If you dream of spending your mornings on a balcony, check if the building offers one. Are you looking for an apartment with a master bedroom, a separate dining area; or for that matter, with the work from home culture slowly becoming a norm post-COVID, does the apartment offer a separate workspace?

Own a pet and want to bring them, add that to your must-haves.

Evaluate the space

While house hunting, carry a notebook. Jot down the pros and cons of the flat and evaluate the reasons behind this. If the walls need some fresh paint or servicing, note down the areas requiring proper scrutiny. Are there any visible damages? If yes, take pictures of them. Also, check for essentials such as a gas pipeline, water & electricity supply etc.+

Take Care of Amenities

Along with the essentials, you should check for the amenities provided by the developer. If you are a fitness freak, a well-equipped gym in the vicinity might be of interest. Kids might be keen on a clubhouse or a garden for their recreational purposes. Also, with elders in the house, you might want to consider having worship places inside/nearby the society.

A home needs maintenance too. So, check how accessible are the plumbers and electricians etc.

Moreover, it’s important to check if these amenities come for free, or you’ll have to shell an additional amount for it.

Run a background check on the builder

Check the credibility of the builder based on parameters such as record and performance, quality accreditation and certification, recognition in real estate, etc.
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.