Important Steps on How To Shortlist A Real Estate Residential Property for Purchase

 Comparing and shortlisting a real estate project can get overwhelming and difficult. When you have various builders offering best rates for 2BHK for sale in Worli and each builder having several projects on the list it becomes more difficult to shortlist. So, for your convenience, we have come up with some of the important parameters that will help you quickly shortlist the projects.

1. Registration from RERA

As of 1st May 2017, for a project that is under construction, it is necessary to get a RERA registration number. Shortlist under-construction residential properties for sale in Worli only if it is registered by RERA with all the project details appearing on the RERA website. This is the most important shortlisting criteria.

2. Location

Location is another important aspect for purchasing real estate Luxury apartment for sale in Worli. A buyer always has a personal preference when it comes to the location of the property, it is either north, east, west, or south of the city. The proximity of the project must be weighed from the city centre or your workplace. If you have kids, check how far the schools of your interest are from the project. Also evaluate other important landmarks like a hospital, bus stand, railway station, airport, and local transportation. You can also check other factors of town planning like water supply, the liveability of area, greenery, and scope of the future expansion of the project.

3. Appreciation

You can compare the overall appreciation of the area especially 2 BHK for sale in Worli for the project that interests you the more. for any real estate investment or purchase, appreciation is vital, as it will lead a higher rate of return when you want to resale it in future or when you think of increasing the rental income. Check appreciation trend of 5 years of the area and analyse whether the project is a good fit according to your expectation.

4. Budget

You will have to give out money not just on the basic cost but, based on rate/sqft and the total cost of 2BHK for sale in Worli. Real estate portals will provide you with clarity about the basic cost but, the final cost will not be known to you until you ask the builder about it. Weigh-in 3 years of future expenses if you want to shortlist the project with an affordable EMI. As most buildings are under construction for at least 3 years you will not be able to sell your property in this period and must keep paying the EMI. This is an important factor to weigh when shortlisting projects.

5. Compare floor and master plan

On a higher note analyse the project size, number of towers, and the floor count and then only shortlist the project if it suits your preference and liking for the architecture of the building. The next thing will be evaluating the configuration of the unit whether 1BHK, 2BHK, or 3BHK apartments. Luxurious 2 BHK apartments at Worli are the most preferred choice of the consumers these days. You must avoid investing in small projects of 1 acre as the project will be cramped from all the sides and will not have space for basic amenities.

6. Check other necessary clearances

Checking out for other necessary clearance is another vital aspect of shortlisting. Know whether the builder is willing to share the legal documents with you. Every project will have a folder containing legal documents which are updated from time to time as it acquires new clearances and other receipts.

Bottom Line

It is vital to consider the above criteria’s when you are shortlisting a property for purchase or a 2 BHK for sale in Worli. Chandak Group has projects at every desired location. You must check their property when you are shortlisting the important projects. For further details, you can visit their website at www.chandakgroup.com

7 Reasons Why Middle-Class Citizens Now Prefer Compact Homes

 There is a constant change in the parameters that drive the urban living in India. People from various parts of the country are migrating and living in cities like Mumbai and Pune in search of better job prospects. The rising demand for the housing is catered by the real estate developers but, the land prices are constantly rising along with the cost of the homes. It has given new rise to the concept of compact homes near-prime office locations.

The less price of smaller homes is not the only reason why people living in urban areas prefer compact flats. The price differential does play a major role as 3BHK and 4BHK apartments configuration is very expensive and smart 1 BHK apartments on SV road are usually considered smaller for growing families. Smart 2 BHK apartments are now in high demands among urban families. These apartments are usually in high demand among urban families. Designed for working middle class it is more suitable for nuclear families and residential property for sale on SV road are considered the new luxury standard.

Here are some of the reasons why people now prefer compact residential property for sale on S V road.

1. Inexpensive than larger apartments

At the time of investing in a property, price is the main consideration for Indian middle-class citizen. Larger properties are expensive for their reach. And the money that is saved by buying smaller homes can be utilised elsewhere to achieve some other lifestyle goal. Young Indian citizens like to travel and may invest in a good vehicle and on the education of their children.

2. The correct size

Compact smart 2 BHK apartments on SV road are comfortable enough to manage small nuclear families and yet large than 1 BHK apartments to accommodate future growth in terms of children.

3. Smartly designed homes maximize space

One notable thing in a large flat is that much space is wasted and not utilized optimally. In urban areas, space-saving is the necessity. Residential property for sale on SV road is designed in a manner that provides space for everything and no space is wasted. Therefore, smart design in smaller areas is implemented most effectively.

4. Easy maintenance

In today’s hectic and busy life, convenience and low maintenance are essential in one’s home. It is easy and cost-effective to maintain and handle compact homes than the larger apartments. Utility bills like maintenance and electricity are significantly reduced in such homes. Décor and furniture are also less used in such homes.

5. Flexibility and freedom to design your home

It is very convenient to design the interior of the compact homes and it is cost-effective as well. According to the latest trends in compact home décor, Indian families can transform their small flats into stylish spaces within small budgets.

6. Savings on transportation

With great residential property for sale on SV road, transportation costs can be reduced to a great extent as it is in a well-connected area. The developers have willingly located the project in the proximity to commercial areas like banks, office, and shopping malls along with hospitals, schools, and colleges. Social infrastructure and good connectivity are the first choices of homebuyers in urban areas.

7. Good scope of resale in the market

A property in a well-connected urban area is usually very high in demand. People are much interested to buy such property and get the benefit of the convenience. Therefore, the resale value of such a compact home is very high.

Final Thoughts

People searching for compact homes are always on the look for a good and better deal. For this purpose, Chandak Group has introduced affordable residential property for sale on SV road in a well-connected and high profitable area. To know more about their recent projects visit their website at www.chandakgroup.com

Some of the Essential Amenities a Property Builder Must Provide its Residents

 Purchasing a house is the most important decision of your life. We often hear people getting disappointed with the deals they get in the home purchase. A dream home can end up with a place of unsatisfactory aspects. If you want to live a peaceful and easy life, in your 1 BHK in Goregaon west near the station you must make some wise decisions and keep certain basic amenities in mind. You must ensure that the apartment you are considering offers the amenities you need. Keeping the luxurious amenities aside, there are certain basic amenities that you must never compromise if you want to content and satisfied in your apartment.

Here is the insight into some of the smart and basic amenities that helps in making an ideal purchase and help in getting a better return on investment (ROI).

1. Power back up

Considering today’s lifestyle, it is not possible to survive a massive or long power cut without back up. It is a non-negotiable amenity that you must not compromise on. Certain localities or cities often face power cuts for a prolonged period, especially the suburban areas of Mumbai. So, ensure that you do not have to deal with the inconvenience. Check, whether the apartment comes with a power back up. If you are considering purchasing 2 BHK property for sale in Goregaon West or any other suburban parts you must surely look for this amenity as it is a necessity.

2. Elevators for higher floors

With limited space in the cities and its suburbs, it is common that new projects have high-rise apartment towers that range from 21 storeys and above. If you are looking to purchase an apartment on a higher floor you must ensure that your wing has a dedicated elevator facility. Ensure that 1 BHK properties for sale in Goregaon west have more than one lift along with a power backup to avoid any inconvenience to the residents.

3. 24 X 7 water supply

Round the clock water supply is an essential amenity in 2 BHK property for sale in Goregaon West. In metropolitan cities, water scarcity is becoming more prevalent. Future hassles can be avoided if you check whether the apartment block has a 24/7 water supply. Also, check with the developer whether you will get smart water metering systems. The device is useful in efficiently utilizing the water and save some money.

4. 24 x 7 security services

These days, the safety of the residents is the prime concern, and it is necessary to have some of the advanced security provisions in every wing of the apartment complex. Choose an apartment that has a backup of security personnel or has some automated security devices installed. The security of the premises can also be maintained with the help of streetlight automation. Purchasing an unsecured apartment block is not a good choice of investment.

5. Parking space

Nowadays, every household possesses a vehicle whether it is a 2-wheeler or 4-wheeler. Therefore, this amenity ranks high in the list of apartments buyers’ requirements. No one wants to deal with the hassle of finding a good parking space every day. So, ensure that the 2bhk property for sale in Goregaon west which you are looking forward to purchasing has ample parking space. It is all the better if you can get a covered and dedicated parking space to avoid the heat, dust, and inconvenience of parking far away from your block.

Bottom Line

All these basic amenities will ensure a satisfying experience of owning a home. If you are looking to purchase 2 BHK property for sale in Goregaon West, projects from Chandak Group offers you all the above necessary amenities along with other luxurious amenities one could think of. So, to book or take look at the details of the property you can visit their website at www.chandakgroup.com. 

5 Mistakes You Must Avoid While Investing in Commercial Real Estate

 Investing in real estate involves assessment and careful planning of various factors. More care is needed when you are investing in commercial office space in Andheri as the investment is huge and many factors determine the returns and price appreciation in such type of property. The market of commercial real estate is dynamic, and several aspects determine the earning potential and rent and even the change of property price rise from time to time. There can also be a huge impact on the earning potential of the property when there is a change in government or change of policies. The earning potential of the property is also affected by environmental impact in an area or new laws relating to the protection of Mother Earth.

Here are some of the five common missteps and oversights that can derail your investment.

1. Doing all by yourself

For a cost-efficient and stress-free experience working with a real estate professional when you are planning to purchase a commercial office space in Andheri. An experienced agent in the commercial property market must be contacted who is well-known for the property type you are considering purchasing. Their professional network and expertise are a valuable resource when you navigate the property buying process from start to end.

2. Incorrect property valuations

Your business will incur larger losses in future when you pay more for the property valued against actual price in the market. Before finalizing any deal, ensure that you are aware of all the features and highlights along with all the flaws of the property you are buying. It is equally important to know that you are spending the right amount for it.

3. Focusing mainly on return on investment (ROI)

Projected as a return on investment, a commercial office space in Andheri often is considered as a useful indicator of its viability as an investment asset. But you must not make your decision on this factor alone. You must also consider the appreciation of the property, cash flow, and the amount of equity you gain while paying off your mortgage. Enquire if you qualify for any tax benefits when you purchase a commercial property.

4. Not performing due diligence

The thing that is common between residential and commercial property is the necessity for due diligence before closing any type of deals. Here are some of the factors that are necessary to make fully informed and deliberate decisions when investing in commercial real estate and those are:

• Entire property inspection
• Evaluating the location related to nature, the target market of business, and purpose
• Taking out a thorough risk assessment for the investment
• Rechecking the lenders underwriting requirements
• Know how local zoning ordinances will affect the use of the property
• Knowing the potential hidden charges in the sale term of property
• Reviewing the existing leases and business profiles of current tenants

You must always invest time when purchasing commercial real estate, even when you are competing against others for the targeted property.

5. Lack of foresight and planning

Significant long-term planning is required for commercial real estate purchase. Consider the company’s growth that is equipped with a feasible business plan. You must decide on whether your commercial office space in Andheri can accommodate an increase in equipment and personnel. You must also come up with an exit strategy. It will enable you to facilitate a smooth transition to your next move if your investment does not pay off.

Conclusion

So, these were some of the common mistakes that one must avoid while investing in commercial real estate property. Chandak Group offers commercial office space in Andheri east by which you can make the most out of your investment. To get in touch with the experts you can visit their website at www.chandakgroup.com

Where Will You Find the Best Real Estate Investment Deal in Mumbai?

 To own a home is every person's first dream. Buying an apartment is not just for a good stay, but also a very great option for investment purposes. Many people are looking for a property located in the metro city because of the great benefits.

Mumbai is a city of dreams for many people, who have come from every corner of the state to establish their identity in Mumbai. Due to the availability of essential commodities, people have started living in Mumbai and make this city home.

People have narrowed down many options to buy an apartment, but they do not know where to find the best house with near services and possibilities. So, here is the answer for all those who want to buy apartments in Goregaon west.

Let us see why buying a property in Goregaon West is a top consideration for many individuals.

1) Spacious small apartments

People thought that only low-income people could invest in 1bhk and only small builders could build and deal. But, many builders offer you 1 BHK in Goregaon - A residence with international design and enough space for your family. If you are looking for a good place for one family then this is the best option.

There are many 2 BHK for sale in Goregaon West. A property that is spacious along with excellent facilities of gardens, swimming pools, libraries, and children's activity rooms. It is the best investment property ever.

2) Lap of Luxuries

The 2 BHK in Goregaon by a popular builder like Chandak Group is the highest recommendation for the best stay and investment for people. Owners can experience a good life from a lazy morning to late evening parties.

Compared to 1 BHK, this size of the apartment has a higher value and the returns are also higher.

3) Higher Selling Value

Investing in a property is the best way to invest money for higher returns. For example, if the buyer bought a property worth Rs 1.30 crore, then the resale value could be around 1.50cr depending on the current market value of the real estate. This type of investment always gives high returns as completely based on the buying and selling scenario.

4) Easy Rental

People cannot afford to buy a house by spending a large amount of money, so they look for the next option such as rent. You can easily find a rental place in a great location with facilities. There are many 2 BHK for sale in Goregaon West which are a good option for those who are looking for a great home in comfort like a private haven.

5) Locations

A great location has always been considered a great neighborhood. There are projects of 2 BHK in Goregaon West by builders like Chandak group where every connectivity is nearby like a hospital, railway station, school, link road, and mall.

Goregaon is the best place to invest money in property as nowadays many companies have shifted to their head office in Mumbai. So, you should find a 2 BHK for sale in Goregaon West which is located in a prime location with every connectivity.

6) Hospitability

If you do not get the right type of service, you will definitely never buy your property. So, invest in a project where you get the best hospitability and a brand is credible.

Final Verdict

Above we discuss that investing in property always gives good returns but investing in the right property fulfills your dream. Looking for the best way to invest in a home then consider 2 BHK for sale in Goregaon West by Chandak Group. For more information about the property visit their official website https://www.chandakgroup.com/

Make a Better Choice by Investing in 1 BHK Apartment

Mumbai is the capital of the business hub in India; it is the only place where dreams come true that come to Mumbai to gain recognition. People work hard and make their mark and hope to spend the rest of their lives in Mumbai and fulfill every wish.

The cost of living in India is increasing day by day and many families are eager to buy their home in today's world.

Often the most desirable location is taken by the developers and they provide all the facilities we are looking for and many developers who have high standard apartment facilities with every possibility.

Let's find out why investing in 1bhk is a better option for those who are seeking apartments.

1) Affordability

The first choice of every person to buy a house is 1 BHK as it comes under budget for a very middle-class family who is looking for a buying house. 1BHK housing is much cheaper than 2 BHK Flat for Sale on SV Road, as well as the home buyer has to pay a lower deposit amount as well as EMI is also very budget-friendly.

1 BHK properties for sale on SV Road is the best affordability with a luxury home in Mumbai areas.

2) Home Loan

Buying property in the metro area is the biggest benefit for one who is taking a loan to buy a house. Banks have many approved projects where getting loans is easier than in any other sector. So if you are planning to take 1BHK with loan facilities then this is a better option for you.

Getting a loan is a much easier process than any rural area in Mumbai and the 1 BHK flats for sale on SV Road is situated in a suitable area where it is worth investing.

3) Lower Utility Cost –

When investing in a small unit can pay less tax for a house which is between 500 sqft to 700 sqft. According to the new rule of the Government of Maharashtra, recently the property tax has come down by 60%. So future buyers don't worry about paying too much tax and check out these amazing Properties for Sale on SV Road, the area itself has the smartest home.

4) Locations

A good location always gives a good return in the future. Finding a property in an ideal area is a major part of the investment.

1 BHK properties for sale on SV Road where every location is nearby such as office, school, railway station; the metro station and shopping are all available on SV Road.

5) Rentable

The small unit is popular among singles and young couples due to its affordable rent. Business capital like Mumbai where people coming from different states and working 24 * 7.The migrant population is so large that they are actively looking for a comfortable apartment. 1 BHK properties for sale on SV Road are worth the investment as many builders build such apartments to earn monthly income.

6) Buying and selling point

Reselling is a different but effective idea for investment. Property prices are increasing day by day. Many investors bought a small unit at a low price and resold them when the price went up. In between, they can also earn rent, which means they have made a good return in smaller properties.

Final Verdict

Investing in small property is always beneficial as it is very inexpensive in many ways. Buying a small unit is easy even you have a minimum budget. Those properties always provide good returns monthly as well as once.

Chandak Group has very comfortable homes if you are looking for 1 BHK properties for sale on SV Road with excellent facilities. For more information visit their official website http://www.chandakgroup.com