Important Advice For Choosing A Right Builder in Mumbai

Mumbai is one of the largest cities in India. It has a population of over 20 million people. The city has a very high population density, which makes owning property here all the more challenging. This is the reason, builders have a flourishing business in Mumbai. Mumbai is home to many big and famous builders, who can help you realize your dream of owning a property in this big and beautiful city.

How to Choose the Right Builders in Mumbai?

Currently, the real estate market scenario of Mumbai is very favorable to home buyers, thanks to demonetization and the introduction of Real Estate Regulatory Authority (RERA) Act. Factors like tax benefits, reduction of property rates and presence of a wide array of reputed builders in Mumbai have made housing affordable and within the reach of less privileged. Even the government introduced Pradhan Mantri Awas Yojana (PMAY) which has proven to be a huge incentive.

builders in mumbai

builders in mumbai

With all these advantages, now is the right time to buy a home of your own, but choosing the right builder is the key, as you may end up losing your entire life savings by investing in the properties of the wrong builder.

Here are a few tips to choose the right builder

Reputation:- The wisest thing to do would be to choose a builder who has been in the market for a few years and has earned a good reputation. A builder with a good standing in the market and past reputation for handing over previous projects in stipulated time duration is surely a safer option for investing. Also, look out if the builder has kept all his promises for his previous projects, and has a track record of happier customers. The internet, local newspapers, construction industry journals, and magazines - all these can be a good source to gather information about a builder. Also, collecting information from the residents of other projects constructed by the same builder can prove helpful and you can also come to know how the builder had handled any problems that might have come up in the construction stages in the previous projects.

Permissions and Regulations:- MahaRERA (Maharashtra Real Estate Regulatory Authority) is a government organization responsible for setting rules and regulations keeping in mind the benefit of the investors. MahaRERA makes it mandatory for all builders in Mumbai of ongoing commercial/ residential projects to be registered and compliant with them. So if a builder in Mumbai is registered with MahaRERA, you can be sure of a quality service standard and timely delivery of the property. Dealing with a builder who is a member of Confederation of Real Estate Developers Association of India (CREDAI) and the Builder’s Association of India (BAI) would be a safe thing to do. All such institutions stress on high transparency policy and ensure that their members abide by the strict rules laid down by them.

Quality matters:- When looking to invest in a Property or looking for Commercial Office Spaces in Andheri East, it would be a wise thing to check the quality of the raw materials that are being used by the builder. Usually, such information can be found in property brochures. Ensuring the raw materials used are of good quality and of a reputed brand can go a long way in getting the best home. Studying the past projects of the builder can throw lots of light on builder’s quality standards.

commercial office spaces in andheri east

commercial office spaces in andheri east

Track Record:- The past track record of a builder is strong testimony about what we can expect in the future - be it about keeping promises regarding structural details of the project, or the delivery time frame.

Resale & Compensation:- Just for being ensured your money has been invested wisely, find out about the probable resale value of the property-depending on factors like location and builders reputation. If previous projects by the builder have consistently been maintaining the same or higher value, then going with the builder is a good choice because they are known for the quality of construction.

The Chandak Group

The Chandak group is one of the most promising builders in Mumbai. It is a high value driven company and this clearly reflects in their transparent dealings policies. It was established in 1986 and been growing progressively since then. With the successful development of over 4 million sq. ft. of residential and commercial spaces in Mumbai to their credit, they have created a very commendable place for themselves in the past 30+ years. And guess what? They have another 3+ million sq. ft. of space being developed in the pipeline.

The residential projects of Chandak properties span a wide variety of segments from affordable to premium and to ultra luxury. They have developed super successful residential projects in Goregaon, Juhu, Kandivali, Dahisar, Vasai, Mira Road, and Tardeo. Also, Chandak Group has developed commercial properties in Kandivali, Andheri, and Goregaon.

So, what are you waiting for? Contact Chandak builders and see your dream of owning a property in Mumbai turn to reality.

Lastly

Mumbai is not only known for its luxurious flats and beautiful bungalows, but also for compact flats for people with limited income. Buying a home is an important life decision for any individual. It is, therefore, a wise thing to do detailed research and gather all the information and then choose the right builder. So, take time and evaluate all options vigilantly before investing in your dream home.

Layman's Guide To Choosing Office Space

Every business is into creating or selling something. It could be products or some services. And they need a place to operate. Irrespective of whether it is your first office or another one in the long list, the idea is to generate more revenue, business leads and get work done. A good office space should be able to encourage and motivate its employees to perform better. An office is a reflection of your business and the values your business stands for. It gives your prospective clients the first impression about your business and much much more. Hence the place where you set up your office is very important.

Now Let us tell you the things to consider while choosing the right office space and why it is so important for your business.

Location

The first and most significant consideration has to be the location. Now, this is where your budget is important. Location and cost are linked to each other. If you decide to take up an office space in a prime locality with all amenities then your rate per square feet will be higher too. You may want to have an office space in Andheri, the heart of the city. But that could take a toll on your finances. What you do in such a case would be to take the second best option available. If office space in Andheri is out of budget, then check the other nearest area to set up your office. But if can adjust your finances, Andheri would still be the best choice.

Type of Office or Space

There are different types of office spaces available. You could choose to have a building or a floor completely to you and your employees. You could also take a room on rent or on a lease to start your operations. It would depend on the nature of your business and the amount of funds available at your disposal. Based on your business and expansion requirements you may need a bigger or smaller office. It is an almost permanent place, you don’t want to keep shifting your office. So always keep in mind your target audience, your business, your expansion plans and the surroundings of your office. These will help you zero in on the best office space in Andheri for your business.

office space in andheri

office space in andheri

First Impression

The first impression is the best impression. It is true for almost everything, your office is no exception. Choose a location or a commercial building which exudes professionalism and class. It should not only leave a mark on prospective clients but your employees should also feel proud to walk into the premises. Now if you are wondering if there is actually a place like that, then let us suggest to you the best commercial and office space in Andheri, Chambers by the Chandak Group. It is a mesmerizingly designed commercial tower fast nearing completion. With all the world-class facilities it is expected to soon become a prime spot in the already bustling Andheri area. A jewel in the crown if we may say so.

Infrastructure

The infrastructure requirements of one business are different from the others. For e.g. a company into online trading would definitely need fast and a high bandwidth internet connection, similarly for a supermarket, closeness to the warehouse would be an added advantage. So it is imperative that we study the infrastructural facilities that come along with the office space in Andheri. Another thing to note would be the development and facilities available in the surrounding areas. Based on the business you are running, it would be best to choose the office space in a place where the surroundings can also play a role in increasing your business or sales. For e.g., if you are into office supplies, it would be recommended that you find an office space in the big commercial towers, where you can get clients without having to look far. Chambers, which is an upcoming commercial tower from the reputed Chandak Group is something you could consider.

Connectivity

Easy connectivity is another factor which can make or mar your business growth. Both in terms of acquiring new clients and employee retention. Being able to easily connect with the other parts of the city through different means of transportation, encourages employees and clients alike to come to your office. This, in turn, would mean more productivity of the employees as well as more business leads for you. It would also facilitate ease of movement of goods and services which your business has to offer.

With everything said and done. We can just guide you. Ultimately it is your hard work that pays off. Location, space and infrastructure are just supporting pillars for you to build your empire. The main ingredient of success is your ideas, implementations, and hard work. So go ahead, give it your best shot and be patient, success will definitely be yours.

Best Investment Option in Goregaon

All of us are toiling each day of our life for our bread and butter. We Indians might be a bit too frugal to splash money as we all believe in saving for the rainy day. Yes, we do that for our assets and savings. Our backup plan for retirement, kids studies, etc. We all want these savings to grow as we grow older too. But at the same time, we avoid taking the risk. If this sounds like you, then don’t be surprised because 75% of India thinks like that too.

There are a plethora of investment options available in the market today, many promising to double or even triple your amount in 4-5 years. But please don’t fall for these gimmicks. It is your hard earned money, make sure you invest it in the right place. There are many investment options such as stocks, government bonds, fixed deposits, gold, and real estate to name a few. Our suggestion to get the best ROI is by investing in real estate.

Why real estate?

Everyone needs a home to relax after a hard day at work. Every day the demand for real estate is growing, be it home, office, or plot. But the land is limited. It cannot grow. So what happens next? The prices of land and hence property keep increasing. This may not happen overnight, but definitely over a period of time. Some areas show a steep rise in real estate due to major developmental activities, better connectivity, etc., while in some other places this growth is bit slow. Let us look at a very well-known Mumbai suburb, Goregaon. If we were to analyze the rates for 3 bhk in Goregaon or 2 bhk flats in Goregaon, then we can see that the property rates have almost doubled in the last 10 years. So a property bought for 2009 in 1 Crore is worth 2 Crore today (2019). So now you know why real estate.

What to look for in a property

Like any other investment plan are subject to market risk, real estate also has its own share of risk. But the catch here is to keep calm and hold on to our assets for longer. Here are some pointers to help you make a learned and profitable decision.

  Know your budget and then decide to invest in commercial or residential buildings. Check out the online portals for the approximate pricing in the area to get a price idea. You may try to search for 3 bhk flat in Goregaon west or 3 bhk for sale in Goregaon west based on your choice of area.

3 bhk flats for sale in goregaon west

3 bhk flats for sale in goregaon west

   Go for a reputed builder. Always remember to go with renowned builders and check their old and new properties. For something in Mumbai, I would personally recommend residential apartments by the Chandak Group. Their properties sell like hotcakes and have a pretty high resale value as well.

   Locality is another important aspect to look for. Do some research, to find out what are the new and upcoming developments in and around the area. These may increase or sometimes even skyrocket the property rates. Selecting an area can be quite challenging and you will have to go with your gut feeling. Going in for well-developed areas like Goregaon would mean your investment is safe, it may not grow exponentially but it will still grow. Apartments in Goregaon west have seen a steady increase in rates with inflation. But if you were to invest in some upcoming area, then with years and development the rates would definitely soar. But again the risk is there, what if there are no major developments happening. The property rates may not increase or remain stagnant. So study carefully and then take the decision.

ROI and how to maximize it

ROI or the return on investment is what we are most worried about. Our focus is always on this one word. ROI and risk are more often than not inversely proportional to each other. The key here is to convince yourself to strike a balance unless you are ready to take higher risks. They say a bird in hand is better than two in the bush. So my two cents would be to strike a balance.

You start by searching for hot selling properties in a particular area where you plan to invest. For e.g, 3 bhk flat in Goregaon west or 2 bhk in Goregaon would be an ideal choice since they are very much in demand both for resale and rental purpose. Goregaon is one of the most well-developed suburbs of Mumbai, residential Apartments in Goregaon west are always in demand. These are likely to keep your investment safe and ROI steady. Same would be the case for residential property in other areas by reputed builders like Chandak Group. There may be some less known builders whose properties are available at cheaper rates. This again would be a risk, for we do not how well it is built or if there are any problems in the property. Remember quality pays in the long run.

Finally, there is something called destiny and luck. All of us want our investments and savings to grow. Let us all do proper research into every minute detail related to our investment. Let us not jump into something because a friend or family suggested. Your money your decision. Be positive and remember to follow your heart and mind. Lastly, also remember to stay calm and hold on to your investments. Do not expect your investments to grow within a fortnight.

Live in Juhu - The Coolest Neighborhood in Mumbai

Mumbai has a pulse of its own. It is the ‘city of dreams’ and 'the city that never sleeps'. Mumbai is a cosmopolitan giant and with anything and everything you can imagine. This includes some of the most renowned and excellent schools, hospitals, malls, restaurants, IT parks and yes Bollywood. People come to this city of dreams to fulfill their dreams. This city has made life better for innumerable people and is continuing to do so even today.

Top Builders in Mumbai

Mumbai is a significant city for the real estate industry in India. And is home to some of the tallest and most expensive structures in the country, which includes the Antila, the Ambani residence. The best thing about Mumbai, besides Bollywood and public transport, is its access to the sea. People come here in search of work and eventually become a part of this mesmerizing world. If you are one of those who wishes to become a part of this city and are searching for your own space, then read on. Here we list out the best builders in Mumbai:

Lodha Group – The Lodha Group is one of the leading builders of premium and luxury properties in Mumbai. Lodha group is the name behind tallest buildings in Mumbai.

The Chandak Group - The Chandak group is one of the most promising builder in Mumbai. Established in 1986, it is a high value driven company that clearly reflects in their transparent dealings policies. This group has been growing progressively and have achieved a very commendable place for themselves in the past 30 years in the Mumbai real estate industry. They have developed over 3+ million sq. ft. of residential and commercial spaces in Mumbai. Their residential apartments span wide segments like affordable, premium and ultra luxury apartments. They have developed residential apartments and commercial properties in Goregaon, Juhu, Kandivali, Borivali, Andheri and other few other localities. 

Tata Housing Development Company – Tata Housing is a leading real estate company with 45 million sq.ft under various stages of development. They cater to low cost and affordable housing in India.

Godrej Properties Limited – Godrej Properties Limited is a part of the Godrej Group. In 2010, Godrej Properties became a publicly listed company through a successful IPO

K Raheja Corp – K Raheja Corp is a success story spanning six decades. They are into developing innovative and eco-friendly structures. The Company is ahead of the curve in the green development sector.

Your Home to Be: JUHU

When you decide to settle down in Mumbai, you are faced with an uphill task of deciding which of the many wonderful locations to choose from. The city has so much to offer and you would want to take in everything on offer. If you believe in living life king-size, then Juhu is your place. This place assures a royal lifestyle with all the amenities and maybe if you are lucky you may bump into one of the many celebrities as well.

Let is us now give you reasons why you should make Juhu your home:

Connectivity-  Juhu has great connectivity to almost all the places of Mumbai by bus. You can also reach there by taxi or auto-rickshaw. Three Western Railway line stations- Santacruz, Andheri, and Vile Parle lie in close proximity. Juhu is also in close proximity to retail hubs in Linking Road and Lokhandwala. Both the Chattrapathi Shivaji Maharaj International Airport and the Domestic Airport are within a 6 km radius of Juhu. 

Social Infrastructure- Juhu is home to many famous educational institutions. Along with small stores, Juhu is home to loads of global designer brands too. It has its fair share of healthcare facilities, parks, financial institutions, departmental stores, commercial shop, recreational centers, and entertainment avenues.

Juhu is famous for its Juhu beach. It offers a breathtaking view- the gushing waves and the sandy shores makes you feel that you are somewhere exotic. A visit to Juhu beach is sure to help you forget all your mundane tensions of life. And imagine, living near to it?

49 Ideal from the Chandak Group

49 Ideal is a beautiful upcoming project in Juhu by Chandak Group. It is a well-planned project, a hallmark of thoughtfully laid out flats at competitive prices. The arrival to Ideal marks a statement right since the first look with the double height entrance lobby. It has 2 luxurious 3 BHK in Juhu apartments per floor. The area of each apartment varies from 1104.0 sqft to 1110.0 sqft. It has a 3 level podium parking augmented with a car lift system. The amenities at 49 Ideal include a rooftop pool and a well-equipped fitness center.

3 bhk in juhu

3 bhk in juhu

Homes in 49 Ideal are luxurious and offer an amazing escape to the noise of the city. Juhu houses its own distinct ambiance and charm of its own, and the sea and the rich Bollywood clientele only adds to it. Come, live in Ideal 49 by the Chandak group and make Juhu your home.

Dreams Come True With RERA by Your Side

Most of us have a dream. A dream of having our own home. And now, this dream has become easier, thanks to the Pradhan Mantri Aawas Yojna (PMAY) Scheme and the formation of Real Estate Regulatory Authority (RERA) Act. While the PMAY offers a certain level of subsidy to home buyers, the RERA lays down strict guidelines for developers, keeping in mind the benefits for homeowners.

RERA

RERA started its full-fledged working from 01st May 2017.  The purpose of the RERA act is to protect the home buyer's interest and boost investments in the real estate industry. The guidelines of this Act help the home buyers in a holistic aspect in their home buying procedure. According to RERA, all upcoming housing and commercial projects have to list their property under the RERA of their respective state. This act is very fool-proof and leaves no loopholes through which developer/builder may escape post selling a property via wrong ethics.

Advantages of Buying Property in RERA-registered Projects

Investing in a property that is RERA registered brings along many benefits to the buyers, the most significant ones being:

•  The developer/builder has to offer timely possession. 

•  The developer/builder is liable to pay interest to the home buyer if the completion of a project is delayed.

• The homebuyers need to pay only for the carpet area and not the super built-up area.

• The developer /builder has to disclose all details like the carpet area, Floor Area Ratio and the number of housing units clearly.

• The developer/builder cannot make changes in the Site Plan without the buyer's approval.

• The developer/builder has to stock up 70 % of the money paid by the buyer in an escrow account. This ensures your funds are only utilized towards building your dream home and not for any other purpose.

• The developer/builder is also required to obtain legal clearances from all departments such as sewage, sanitation, fire, etc. This assures higher levels of safety.

• The developer/ builder is held responsible for any defect in the building structure for 5 years from the time of possession.

Interestingly, a home buyer has the power to file a complaint against the wrongdoings of a developer/builder of a non-RERA project also. But buying a home under the RERA registered projects is ideally the best thing to do when looking for your dream home.

What is MahaRERA?

Under the RERA law, every state of India is bound to establish a Regulatory Authority in their state. In the Indian state of Maharashtra, this authority is called MahaRERA (Maharashtra Real estate Regulatory Authority). It is in force since 1st May 2017. MahaRERA makes it mandatory for all ongoing commercial/ residential projects to be registered with them. The developers/promoters in Maharashtra cannot sell/ book/ advertise their projects without being registered and being compliant with MahaRERA. It also has provisions for an aggrieved individual to file a complaint with MahaRERA in case of any violations of regulations.

Amchi Mumbai

Mumbai, the city of dreams, requires no introduction! It is the capital of the state of Maharashtra. Mumbai is also famously known as financial, commercial and entertainment capital of India. But Mumbai is much more than that.

Loads of people from across the length and breadth of the country wish to make Mumbai their home as this city definitely promises a better life! But there is one thing Mumbai doesn't have enough- land. It is surrounded by water on 3 sides! This shortage of land makes Mumbai one of the most expensive cities in the world. Over the decades, the northern part, also known as Suburban Mumbai has witnessed tremendous infrastructural and economic growth, one such locality in the suburb is Goregaon which is around 30 km away from the southernmost part of Mumbai city.

The stupendous economic growth and rapid infrastructure development have made Goregaon one of the most sought-after suburbs in Mumbai. The owners of 2 BHK flats in Goregaon West have everything one desires to lead a comfortable life- spacious home, vicinity to shopping malls/ entertainment avenues, access to reputed schools and colleges, excellent healthcare facilities, proximity to work destinations and last but not the least- excellent connectivity to other parts of Mumbai!

2 bhk flat in goregaon west

2 bhk flat in goregaon west

So, if you wish to own a luxurious house here, just search for 3 BHK flats for sale in Goregaon West. One of the most promising offerings for 2 BHK flats in Goregaon West is Chandak Stella. It's registered under Rera. So don’t forget to check it out.

With the support of RERA and Maha RERA on your side, make your dream of owning a house in Mumbai come true!