The rise of a New Era, the rise of KALWA

Real Estate Scenario in Nashik

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

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

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

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

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

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

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

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

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

 

Top Reasons why HOME BUYERS should consider investing in KALWA

Real Estate Scenario in Nashik

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

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

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

Improved Connectivity

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

Recreational Opportunities 

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

Investment Potential

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

Upcoming Infrastructural Development

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

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

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

Benefits of investing in Real Estate

Real Estate Scenario in Nashik

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

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

Tax Advantages 

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

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

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

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

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

Stamp Duty Exemption

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

Capital Gains

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

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

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

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

Tax Deductions on Depreciation

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

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

Thane – the safe real estate investment bet 

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

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

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

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

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

Real Estate Scenario in Nashik

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

What makes Majiwada popular?

Connectivity 

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

Nature Parks

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

Lifestyle & Entertainment

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

Education and Healthcare

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

New Launches

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

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

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

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

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

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.

Source: https://www.coverfox.com/personal-finance/tax/property-tax/

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.

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.

Tips for first time home buyers

Turn your dream home into a reality

There are many aspects involved in home-buying which may seem challenging for first-timers. Usually, first-time homebuyers are extra cautious to avoid committing mistakes during the home-buying process & are very keen on getting the best deal.

To decode the home-buying process & ensure a successful first-time home shopping experience – we have put together a checklist. This checklist will help them understand what to expect as they make their way from house-hunt to moving day. 

Tips to keep in mind for first time home buyers

Must-haves

As first time home buyers, you should make sure that your new home offers you all of the below-mentioned essential amenities.

  1. 24×7 water supply
  2. 24×7 power supply
  3. Lifts
  4. Security services
  5. Recreational facilities
  6. Waste disposal
  7. Good drainage system
  8. Fire safety & security systems at the disposal
  9. Parking areas & garage

Locations

As first time home buyers, you should make sure that your new home offers you all of the below-mentioned essential amenities.

  • Look for essential services such as educational institutions, recreational facilities, place of worship, medical facilities, and shopping malls, etc. nearby
  • Find out ways to commute with or without your vehicle. Ensure that your building complex offers good connectivity to highways, railways & roadways
  • Find out the cultural orientation of your building complex, see if it matches yours
  • Do you like peaceful, quiet and serene surroundings or love the hustle-bustle of city life? Check if the location matches your preferences: lakes & hills or highways & skyscrapers?

Developers’ background study

If you don’t want to risk your time, money & efforts by purchasing a home built by an inexperienced developer or one with a bad reputation & track record, you should crosscheck the below-mentioned points:

  • The builder/developer has earned the goodwill and trust of customers
  • Promises on delivery, quality, amenities, etc. are kept
  • Offers made are credible
  • The project is fully funded or backed by a reputed financier
  • Has the builder ever defaulted on loan commitments?
  • Are they entangled in any legal case?

Return on Investment (ROI)

Any type of financial step requires to be made with keeping the investment return value in mind. Whether you are intending to rent out or living in your home, it’s important to pre-determine the ROI it offers.

Acquiring a property is a lasting endeavour, so choose your home wisely. Choose an area that offers tremendous growth in terms of infrastructure and blooming residential societies. Also, check into the scalability element of your residential property.

Type of property

Factors such as family size and the age of children should be some initial factors to consider while choosing a home. While teenagers and adults usually prefer separate rooms, joint families prefer bigger 3-4 BHK apartments. If you plan to expand your family, it’s advisable to opt for a bigger home right away. Also if you have frequent guests staying over, you might want to buy a home that offers a guest room.

Do you want to move-in immediately? Ready-to-move-in apartments are the right choice. If you are looking to buy a home for investment purposes or are in no hurry to move-in soon than under-construction properties can be a good choice.

Some other factors can influence your first-home buying decision. Some being choosing between a fully or semi-furnished flat, a high-rise apartment with modern amenities or old construction, a used or unused property etc.

Work on Financial plan

  • Find out how much money you are left with each month after taxes using an online income calculator
  • Make a list of all monthly household expenses
  • Look out for areas that you can cut back so that you can put as much money as possible into savings and paying off outstanding debts
  • Pay off any outstanding debts, will improve your credit score, an important determinant factor when purchasing a home
  • You may or may not get a full loan, also many builders demand a 20% deposit (down payment), so it’s wise to save for a deposit/down payment in advance. This will also help in reducing the total loan amount
  • You should ideally buy a house that is around 2.5 times your annual salary if you don’t take a realistic decision while buying your first-home the loan amount will eventually catch up with you
  • It is advised to get pre-approved from a lender before you start house hunting
  • Get your prospective home inspected to find any potential problems you may need to deal with in the future
  • Check similar homes in the area to make sure you are paying a fair price in the local market
  • Consider extra costs such as stamp responsibility, registration expenses, VAT, broker agent compensation, loan processing cost, etc.

Legal documentation

Property investments are highly capital intensive, and any mistakes made during the process can cause a great deal of trouble to the buyer. Here is a list of crucial documents that must be verified while purchasing a property:
  • Fire NOC
  • RERA Certificate
  • Commencement Certificate
  • Occupancy Certificate (OC)
  • Copy of Building Plan
  • Bank NOC, if for mortgage
  • Allotment Letter
  • Sale Agreement
  • Possession Letter
  • Payment Receipts
  • Property Tax Receipts
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.

6 reasons that make Thane a Realty Hotspot

6 reasons that make Thane a Realty Hotspot

If you are looking forward to investing in residential or commercial real estate, then Thane is the place, here’s why:

EASY CONNECTIVITY

Road:

Thane is well connected to Navi Mumbai as well as to the Eastern and Western Suburbs of Mumbai via Ghodbunder Road, Jogeshwari – Vikhroli Link Road (JVLR), Santa Cruz–Chembur Link Road (SCLR), Eastern Freeway, NH 8, Mumbai-Nashik Highway and the Thane-Belapur Road.

Construction of the Thane-Diva Road, Bhiwandi bypass flyover, and parallel roads from Thane to Kalyan along the metro line are on the cards.

Rail:

The Central Harbour Rail Line, Thane-Panvel Rail Line and Central Railways connect Thane to Mumbai’s railway network.

Metro:

A proposed metro rail is said to run along the Ghodbunder Road with more than 10 halts within Thane itself. With the metro, the travel time between Thane and Wadala is expected to reduce by half. Additionally, the Metro-3 project will run between Thane to Kalyan and Mira – Bhayander.

AFFORDABILITY

Thane’s real estate market is serving homebuyers with various residential and commercial properties that offer luxurious living at affordable prices. One can buy a home from anywhere between 40 Lakhs to 15 Crores.

If you are looking for apartments with world-class amenities within your planned budget, your search ends in Thane. Ashar Group offers many ready-to-move-in & under-construction properties in different locations of Thane. Not only do these residnetial projetcs in Thane offer exclusive amenities such as a rooftop lounge 300ft above ground, exclusive podium for luxury indulgences and impeccable views of Yeoor Hills & Upvan Lake, but are also available at affordable prices and are among one of the most sought after upcoming new projects in Thane.

CAPITAL APPRECIATION

The advantage of buying a property in Thane is that you get them lower rates and within a short period, you can see the value of your property appreciating quickly.

If you’re looking at buying property as an investment, expect higher returns in a shorter period.

To give you an example: Apartments at Ghodbunder Road are moving upwards at a 33% rate, 13% higher than the average price in Thane west*.

A BOOMING COMMERCIAL HUB

Thane hosts many IT Parks & Business Zones thus creating an enhanced job market, and offering walk to work options for the working populace.

Thane-Ghodbunder Road area is a coveted residential cum commercial hub, also, many IT and ITeS hubs are under construction near Kolshet Road.

Some of the top business parks in Thane are:

  • Ashar Bellezza
  • Ashar Millennia
  • Ashar IT Park
  • Hiranandani Business Park
  • Raheja Mindspacencial

Thane hosts reputed companies such as:

  • Tata Consultancy Services (TCS)
  • Syntel
  • Bayer India
  • Navnit Motors
  • Aditya Birla Financial

ADD EASE TO YOUR LIVING

Thane offers ample social infrastructure for people belonging to all age groups. Everything, from malls, theatre, hospitals, restaurants, pubs & bars, educational institutes is at your disposal in Thane.

Some hospitals in Thane are:

  • Shree Mahavir Jain Hospital & Shri Pratap J. Ashar Cardiac Centre
  • Hiranandani Hospital
  • Jupiter Hospital

Some educational institutions present in Thane are:

  • Billabong High International School
  • SMT Sulochanadevi Singhania School
  • Bedekar Institute of Management
  • Shah Institute of Technology

Thane has some of the biggest malls in the city:

  • Cosmos Mall
  • Viviana Mall
  • Korum Mall

Places for nightlife in Thane:

  • British Brewing Company
  • The Irish House
  • Rude Lounge
  • The Beer Café

Best Restaurants in Thane Region:

  • Barbeque Nation
  • SodaBottleOpenerWala
  • Mainland China
  • The Caravan Menu

WHERE WORK MEETS LIFE & LIFE MEETS NATURE

Known as the city of lakes in Maharashtra, Thane houses a total of thirty lakes in the district and is bound by Yeoor and Parsik hills. Projects such as Ashar Metro Towers & Ashar Aria are surrounded by nature and offer mesmerising views of Parsic Hills, Ulhas River, and Yeoor Hills & Upvan Lake.

Naming some of the many attractions of Thane:

  • Kelva Beach
  • Sudhagad Fort
  • Naneghat Hills
  • Ambreshwar Shiva Temple
  • Masunda Talao
  • Tansa Wildlife Sanctuary
  • Jai Vilas Palace
  • Mahuli Fort
  • Elvis Butterfly Garden
  • Tansa Dam
  • Thane Creek
  • Suraj Water Park
  • Ovalekar Wadi Butterfly Garden
  • Thane Creek Flamingo Sanctuary

So, all in all, well planned residential developments, greater connectivity, higher job creation, growing social amenities, budget-friendly prices, and plentiful open spaces in the surrounding areas make Thane a Realty Hot Spot.

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.

Think Home, Think Thane.

Money doesn’t grow on trees but buildings. While this might sound funny, ask those who have invested their money in real estate, especially in the Thane real estate market. When it comes to investing in residential projects in Thane, we’d suggest – “Strike while the iron is hot,” and it’s red hot at present.

Here’s why:

USP

Thane will be the fastest developing location in MMR in the future. In the list of India’s most promising cities compiled by FIRST Sm@rt Cities Council and Indicus Analytics, Thane was amongst the top 5 as it offers its residents everything – from an ideal location to great connectivity, robust & future-ready infrastructure to a pleasant environment, immense job opportunities to the easy availability of educational, medical, entertainment avenues & excursion spots.

CONNECTIVITY

Speaking of connectivity, Thane is connected to Navi Mumbai as well as to the Eastern and Western Suburbs of Mumbai via Ghodbunder Road, JVLR, SCLR, Eastern Freeway, NH 8, Mumbai-Nashik Highway and the Thane-Belapur Road. Besides, the Central Harbour Rail Line, Thane-Panvel Rail Line and Central Railways connect Thane to Mumbai’s railway network.

Future connectivity plans include the proposed Metro rail that would run along the Ghodbunder Road with more than 10 halts within Thane itself. With the Metro coming in, the travel time between Thane and Wadala is expected to reduce by half. Thane-Diva Road, the flyover at Bhiwandi bypass, Metro-3 project to Kalyan and Mira-Bhayander areas, and parallel roads from Thane to Kalyan along the metro line are other infrastructural developments that are on the cards.

REALTY MARKET

Today, Thane fulfils expectations of homebuyers belonging to various economic backgrounds with its wide-ranging options of the housing properties. If one is looking to invest in real estate, thane promises secure returns. Thane’s real estate portfolio advanced from ground + seven-floor buildings to multi-storey towers and townships offering luxurious facilities and amenities that were once exclusive to South Mumbai’s realty market.

Thane is divided into west & east. Ashar Group, Lodha Group, Godrej Properties, Tata Housing & Hiranandani Constructions are some of the renowned developers in Thane.

Source: Housing and Makaan
MAKE THE RIGHT CHOICE

Of the many, Ashar Group one of the most preferred real estate brands in the residential and commercial segment. To date, it has successfully delivered over 4 million sq. ft. of real estate spaces across various verticals, including residential, commercial, educational, IT parks and infrastructure developments.

Residential Projects in Thane

Ashar Edge

Ashar Edge is the first-ever property in Thane to provide voice-controlled smart homes & temperature control with full HVAC automation. Apartments here are a perfect combination of contemporary architecture and features to provide a comfortable living. The project is spread over a total area of 2.69 acres of land, 2 towers & 33 floors.

  • Status: 60% construction completed. 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. 88 Lacs
Ashar Metro Towers - Ashar Group

Ashar Metro Towers

For individuals who have longed for owning an all-around structured home in the very heart of Thane – Ashar Metro Towers is the place to live. 5 minutes walking distance from Singhania School, and 10 minutes away from Jupiter Hospital, Viviana Mall, TCS and Eastern Express Highway, if not here, then where? An uptown neighbourhood surrounded by nature, rich, contemporary, and extensive apartments that open out to the city’s excellent perspectives, Ashar Metro Towers are a great investment destination.

  • Status: 60% construction completed. 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. 79 Lacs
Ashar Aria at Kalwa Thane

Ashar Aria

Ashar Aria is an example of design-oriented architecture – every elevation, bend, shape, innovation, and square foot comes together in perfect harmony. Additionally, this thoughtfully planned project is close to all the key landmark areas of the city. The very best in education, health and recreational facilities are just at calling distance. Hence, with its prime location & striking architecture, you just don’t buy an apartment, but an address that leaves a lasting impression.

  • Status: 60% construction completed. 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. 75 Lacs

Thane is certainly set to witness such developments for giving a world-class living experience for the residents. And, if it’s Thane, it’s Ashar Group which offers its residents’ not just spaces to live but to Live, Love & Laugh.

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.