Changes That Global Pandemic Brings into Mumbai’s Real Estate Market

If you are looking for a home or want to invest in Mumbai’s real estate, Worli is an ideal location in terms of its posh neighbourhoods and quality of living. With several upcoming residential properties for sale in Worli, it is the right time for you to buy an apartment as prices and demand for real estate markets have come down after the pandemic.

A recent analysis by Liases Foras Real Estate Rating and Research Pvt. Ltd. found that there is an increase in the number of unsold residential properties for sale in Worli, costing an average of INR 100 million. The market of luxury residential properties for sale in Worli is expected to be the most affected real estate segment in Mumbai as wealthy homebuyers may wait for analysing the fluctuations in the market.

Chandak Group, a leading real estate developer in Mumbai, has upcoming luxury apartments for sale in Worli, project named Cornerstone in the heart of the area. One of the salient features of these luxury apartments for sale in Worli is the view of the Arabian Sea and Mahalaxmi Race Course. The property has luxurious apartments of 4 BHK and 2 BHK for sale in Worli with facilities of delightful urban living. Each floor of the property has 4 apartments. The property lives up to the name Cornerstone with a unique design that makes every home a corner apartment. These luxury apartments for sale in Worli offers buyers with a 'twin' option that combines two apartments into one expansive home.

The highlight feature of Worli is its seaside promenade, with views of the Arabian Sea and the striking Bandra-Worli Sea Link cable-bridge. The location is close to the Bandra-Worli Sea link and has excellent connectivity to major locations in the city. It also has easy access to the upcoming Metro and MonoRail. The luxurious 2 BHK apartments at Worli make for an ideal living and investment option with its proximity to leading educational institutions, hospitals, malls and shopping hubs. It is also close to the elite neighbourhood and leading business houses. Worli is a fast emerging location in Mumbai city with several completed and upcoming infrastructure projects. The region is also approved for connectivity from Bandra to Versova and has proposed connectivity up to Nariman Point. The sea face in Worli has attractions including the “Common Man” sculpture depicting a popular cartoon character created by sculptor Suresh Sakpal.

Worli is emerging with several expensive real estate projects and most of the leading realty developers are focusing on completing their ongoing projects to open their sales when the market gets stable. Developers who are financially more stable are looking forward to the demand to get resumed. Top developers expect that Worli will be sought after by wealthy Indians who wish to relocate their base from different parts of Mumbai city to luxury Apartments for sale in Worli.

The real estate sector in the city hasn’t yet arrived on a decision about how to further in the business. High-end properties are working along with real estate consultants to focus on attractive deals for the end-customer segment with liquidity. Experts in this sector suggest that there may be a shift in the target market which include professionals such as top doctors, health professionals and pharmaceutical company owners who will be financially capable of affording a high-end property. Despite the crisis in the overall real estate market, these high profile real estate developers are focusing on completing their exclusive projects, mostly luxurious 2 BHK apartments in Worli, for the chosen few. Developers like Chandak Group are gaining stability against cashflow issues and increased pressure to deliver their project on time.

Borivali, Mumbai’s Primary Residential Zone— A Favourite Among Real Estate Investors

If you are looking to invest in an apartment in Mumbai, you have to consider the location, scope of the project & development, connectivity, quality of life, existing and upcoming social infrastructure, pricing and rental trends, and prospects. You must conduct some secondary research on the internet, attend real estate forums, visit real estate expo or get information through brokers to know about the real estate project and the developer.

Social media platforms like Facebook and Instagram are playing a significant role in helping real estate developers to reach out to their targeted audience in a faster, effective way. Home buyers and real estate investors make decisions on buying an apartment through the sponsored advertisements that they see on the social media channels. As you are about to make a lifetime investment, you should prioritise on making a site visit to ensure that your expectations are being met by our choice of property. Having an understanding of the pricing trends in the real estate market will help you make an informed choice about the type of apartment of your budget. There is a huge demand for smart 2 BHK apartments on SV Road in Borivali because of its easy connectivity with major locations in Mumbai. Borivali, which is Mumbai’s primary residential zone, boasts of its affluent coastal suburb located at its north-western end. 

 

Chandak Group, a leading real estate developer based in Mumbai, has two upcoming residential property for sale on S V Road namely Chandak Next and Nischay. The projects have amenities like amphitheatre, clubhouse, outdoor gym, games promenade, jogging track, kids play area, multipurpose court, multipurpose lawn, senior citizen sit-out and yoga lawn. Chandak Group, which has been in Mumbai’s real estate sector for more than 30 years, has already delivered luxurious homes to over 4000 families. The company considers on-time delivery to be important for quality commitment and customer satisfaction and has a proven track record of delivering projects months ahead of the committed completion date.

The Group’s two apartments on SV road are just a 10 min drive from the Borivali (E) station and is easily accessible from Western Express Highway and Link Road. The property is in proximity to some of the best hospitals, educational institutions, entertainment centres, and shopping malls. The Borivali region also consists of the Veer SavarkarUdyan on LokmanyaTilak Road which can be accessed from T.P.S. Road, Factory Lane and Babhai. The lakeside park has facilities like jogging track, boating area, kids' play-garden and skating.

Buying a property in Mumbai will be a good investment option as the prices have come down in 2020. The monthly rent for smart 1 BHK Apartments on S V Road ranges from INR 25,000 to 35,000. The huge competition in the real estate market in Mumbai has reflected in developers offering the housing of better quality. Developers are also prioritising on completing and delivering the project at the earliest to build trust and loyalty among customers. Projects undertaken by leading developers like Chandak Group are high on demand by potential homebuyers.

 

SV Road in Borivali is a popular location for many real estate investors considering its better quality of lifestyle. The real estate properties located on SV road attracts home buyers who come from various parts of the country for living, education, career and investment. The implementation of GST and the regulations by Maharashtra Real Estate Regulatory Authority (MahaRERA) is encouraging more investors in the real estate industry across Mumbai. Leading real estate companies are focusing on delivering quality in their project by bringing together the involvement of highly qualified people and the latest construction technologies. The quest for betterment in residential apartments in the city is prompting developers to set new standards of living quality and customer service through innovative design and technology.

A Favourable Time to Invest in Real Estate

The outbreak of COVID-19 pandemic and the economic standstill associated with it may negatively impact the real estate industry in India. This impact has already reflected in the prices of many real estate projects in Mumbai and a webinar organised by National Real Estate Development Council has informed that there will be a price correction ranging between 10 to 15 per cent, with anticipated depreciation of up to 20 per cent.

The pandemic outbreak has resulted in a global economic slowdown, predicted to be worse than 2008–09 economic crisis. However, it is a great opportunity for potential real estate investors or those with career or financial security looking to buy an apartment. Regardless of the dropping prices, real estate is still an ideal asset to invest in India. The demand for residential real estate was estimated to decline in the 2019–2020 financial year, after slight progress in FY 2018–2019. Deepak Parekh, Chairman of HDFC bank, advised real estate developers to avoid high leverage as it can affect them in the bad times. The Government of India has announced an affordable housing incentive just before the world went into this biggest crisis.

Chandak Group, a leader in the real estate sector in Mumbai has an impressive range of completed and ongoing projects in Mumbai including two apartments on Swami Vivekananda Road, Chandak Next at Ambawadi, Borivali and Nischay at Ambawadi, Dahisar East. Their 1 BHK Flats for Sale on SV Road will be a reliable real estate investment in Mumbai. The advantages of buying Chandak’s 1 BHK Properties for Sale on SV Road are many including its proximity to public transport routes as it is located within 10 min drive from Borivali East station and Dahisar East station. The road connects Bandra on its South end and Dahisar on the North end. Chandak Next comprises of 35 storeyed Towers with 1 and 2 BHK flat for sale on SV Road and a few of them offer breath-taking views of the Sanjay Gandhi National Park and Borivali Creek. It is one of the smart residential properties with luxurious amenities including a landscaped podium. ChandakNishchay, three 22 storeyed towers with 1 and 2 BHK flats for sale on SV Road, also has some of its flats offering views of the Sanjay Gandhi National Park and Borivali Creek.

Borivali and Dahisar East have proximity to Gorai Beach which can be reached by crossing the Gorai Creek in a ferry. It also has two amusement parks — Essel World and the Water Kingdom, which is Asia’s largest water park. The Mumbai Cricket Association (MCA) Gymkhana is also easily accessible from the property. Borivali which is an affluent coastal suburb of Mumbai holds the position of primary residential zone of the city and Dahisar is immediately north and next to Borivali. The locality has connectivity to WE Highway in 850 m and Link Road in 2.4 km. The properties are within 1.9 km of Karuna Hospital and 1.5 km of Vishwanath Hospital. The property is just 2 km away from Indraprastha Shopping Centre and 3.2 km away from Thakur Mall. The nearby schools are St. Xavier’s High School which is 600 m away and JBCN International School which is 2.4 km away.

The years of experience a developer has in the real estate industry should be a significant factor while you are investing in their property. With a foreseeable decrease in the demand in residential properties, it will be favourable for homebuyers with a stable income to invest in real estate for long term returns. Chandak Group, one of Mumbai’s reliable real estate brands for over 30 years, is ideal to invest in as it has always stood up to its promises. Visit https://www.chandakgroup.com/ to select a luxurious abode for you and your family.

A GLORIOUS ADDITION TO THE SKYLINE OF GOREGAON WEST CHANDAK GROUP’S BAY GARDEN

A home is more than just a place with four walls; it is beyond brick and mortar. Your home is an outlet into your personality and it reflects who you really are. It is the place where you take a pause from the hectic demands of your everyday dealings. There are certain aspects that are of utmost importance while choosing your abode of happiness. While reflecting the lifestyle that you aspire to live, it should match all the points of convenience on your checklist. If you are looking for a luxurious abode with the convenience of a prime location, Chandak Group’s Bay Garden is where your search ends. Get a head start on luxurious living with Bay Garden, 1 and 2 BHK property for sale in Goregaon West, one of the prime areas in the city of Mumbai is your chance to experience the good life in the lap of luxury while you gaze into the distant horizon and soak in glorious Mumbai sunsets. Still not convinced whether Bay Garden is the house of your dreams? Read along as we list all the reasons that make Bay Garden one of the best apartments in Goregaon West.  

1. LOCATION

 While looking to settle in Mumbai, looking for apartments in Goregaon West is your first step towards indulging in a lifestyle embedded with excellent amenities. The area has an excellent network of well-planned roads that connect to S.V. Road and Link Road. While the newly constructed towers and malls give the area a cosmopolitan outlook and a breath-taking skyline, the area is in close vicinity to some of the best medical and educational institutes of Mumbai, like Kapadia Hospital and DG Khaitan School and, is a 5-10 minute drive away from NESCO and Inorbit Mall. Additionally, Bay Garden, the apartments configured with 2 and 1 BHK in Goregoan West near the station are conveniently located near the public transport route for an easier commute. 

2. AMENITIES

 The 1 & 2 BHK for sale in Goregaon West is carefully constructed keeping international standards in mind to give you and your family the best housing experience. The 1 BHK properties for sale in Goregaon West has a carpet area of over 390 sq. ft. and the 2 BHK property for sale in Goregaon West has a carpet area of over 590 sq. ft. Additionally, these apartments in Goregaon West have been embedded with world-class amenities to make your home your private haven where you and your family can unwind peacefully. The property includes a banquet hall for when you want to throw a grand party for your friends and, a landscape garden, for when you want to take a moment or two of peace and enjoy the simpler joys of life like walking barefoot on the grass. To accompany you on a fitness journey, the property has various exercise zones like a jogging track, swimming pool, gymnasium, basketball court, and a dedicated fitness zone. The property also includes amenities like a library, cafeteria, and spa for those relaxed weekend evenings and has a kids’ activity room and creche for the young ones in your family.  

3. CREDIBILITY  

With an experience that spans more than three decades, Chandak Group has developed over 3 million sq. ft. of commercial and residential spaces in Mumbai which include affordable, premium, and luxurious spaces in prominent locations like Goregaon, Juhu, Kandivali & Andheri, among many others. Chandak Group’s newest venture, Bay Garden, the 1 & 2 BHK for sale in Goregaon West, will now adorn the skyline of this prominent location with its thoughtfully designed residences that borrow inspiration from the international standards. With Chandak Group, you can trust to have an experience filled with peace and comfort, as you sit back in your private haven and witness the splendor of regal sunsets and awe-inspiring skyline. Step into a lifestyle filled with elegance with Bay Garden. Contact us to know more about how you can add the spin of luxury to your lifestyle.