Which is Better: An Apartment or an Independent House?

 Generally, a conventional norm for a house purchase is selecting a property at a prime location. Purchasing property at a prime location would give the buyer a better appreciation of their investment. Apartments in Goregaon west are considered to one of the prime locations in the Mumbai suburbs. There could be many questions that can occur to the buyer before purchasing a property, for example, whether they should go for apartments or an independent house. Usually, property value in the metros compel is too costly and due to space crunch, most buyers prefer looking for apartments. Apartments are slightly cheaper while comparing to the independent house. An Independent house is in the form villa or an assortment of floors built on a plot. Before investing in property, you should have some information about what is an independent house, what is an apartment and the difference between them,

Apartment – The term “apartment” can be generically applied to any residential unit inside a building. Apartments are a good choice for self-use and renting for investment purposes and for people who have shifted to the city for a short time. Apartments are one of the most popular and basic types of property across cities in India. And there are many reasons, for example, contemporary looks, modern-day amenities, in-house maintenance services, and better security. Apartments in Goregaon west equally level with independent houses in all aspects, and as far as the customization is concerned, it can be done at a small scale without altering the basic set-up of the apartment.

Independent house – Independent house is located on an independent plot and has its boundary wall. The land on which the house is built belongs to the person who owns the house. People who avoid the hassle of constructing a home and want privacy are preferred to buy this type of house. Maintenance charges for an independent house can be a self-bearing cost for a lifetime, and the safety and security of the house have to be taken by the owner himself. This type of house can offer great appreciation and resale value if the buyer has the patience to keep it for the long term. It is also an heirloom that will be beneficial for future generations.

Apartments vs. Independent house

• Apartment in Goregaon west comes with security, parking slot, power back-up, water systems, and fire safety mechanism; independent property needs extra effort and cost for setting up these services. According to research, 2 to 3 percent of the total property value is spent on these amenities around an independent house. It includes a setting up of a small power back-up in the form of an inverter or a generator set and your water mechanism.

• Appreciation of the independent house or villas is not as high as apartments in Goregaon west. It is because of the high initial capital involved and the limited demand for the independent house as compared to apartments. As the demand for apartments is high, it’s easy for the buyer to sell or rent out the apartment. While on the other hand, due to less demand for the independent house, it’s difficult to rent out or sell the villa.

Concluding Remarks

The choice is entirely left to the buyer. It depends largely on individual preferences and one’s financial means, which gives them the freedom to choose between an independent house or an apartment. If you are looking for apartments like 1 BHK in Goregaon or 2 BHK in Goregaon, you can visit www.chandakgroup.com.They also offer 2 BHK for sale in Goregaon West.

Why Buying Property in a Prime Location is the Best Investments?

 If you are thinking to invest your money in property, you should be looking for properties in a prime location that adds value to your investment. Selecting a residential property involves the consideration of a lot of factors. It's not easy to find a property in Mumbai, because the property rates are too high here and not all locations in the city are ideal for residential investment.

However, in the last few years, many new locations have been developed in Mumbai suburbs, and most of them offer excellent choices in residential apartments. Goregaon is one of them; the city has observed a rapid development growth in the last couple of years which helped the city transform into a well developed residential station. It is one of the most preferred locations for investing in residential property. Apartments in Goregaon west provide you with good facilities. This location is also ideal for families. This locality gives them an affordable and luxurious housing option, shopping malls, entertainment hubs, educational institutions, small industries, etc within its neighbourhood. Purchasing an apartment in Goregaon west can be beneficial for your future too, as the price of a property in this area will increase. The locality has also developed with all the latest facilities, and all types of transportations are easily available in this area.

The price and the location of the property are important factors to consider before investing in the property. The location is the key here which dictates everything else about the property. It's also important to know about the pros and cons of the location of the property.

There are several advantages of having an apartment in Goregaon west.

• The location is ideal for commuting.

• All major places in Mumbai are well connected to Goregaon.

• One can also enjoy an improved standard of living in Goregaon

• Apartment in Goregaon West is easy to sell or rent out as property in this area are always in demand.

• It makes Goregaon a prime location for the investors.

An investor should also know about the recent market price of the property so that no one can cheat him.

The current value of property in Goregaon

• Like most of the locations of Mumbai, Goregaon is divided into Goregaon East and Goregaon West. The residential property prices of 1 BHK in Goregaon are approx between Rs 1cr to Rs 1.5cr 'Whereas the price of 2 BHK in Goregaon is between – Rs 2.20cr to Rs 3cr.

According to https://www.magicbricks.com/

If a person is willing to buy an apartment in an ongoing project, they should consider these points.

Builders credibility - Always do some research about the builder's background and reputation before purchasing the property. One can also check the developer's previous project work and their construction quality through actual site visits.

Possession guarantee - An investor should always check the promised possession date while buying property from an under-construction property. Always confirm it with the date mentioned in the agreement before signing it and ensure a clause of repayment if the property is not handed over to you on the mentioned possession date. You should also check all additional charges and taxes before investing in a property.

Bottom Line

If you are planning to buy 2 BHK for sale in Goregaon West, visit https://www.chandakgroup.com/ for ready possession flats in Goregaon west and know more about new residential projects in Goregaon. ChandakGroup of construction promise to offer you the best property deals in your budget.

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/

The Increase in the Preference for 1 and 2 BHK apartments

 Much before the government of Maharashtra announced the Housing for all scheme by 2020, the real estate industry of Mumbai witnessed an evolution of affordable housing projects. For making houses affordable and making it look attractive, many developers opted for box-pricing scheme mechanism. It is the foremost step that influenced the buyers to take their first step towards purchasing 1 BHK in Goregaon.

Some of the factors that increased the preference of 1 and 2 BHK in Goregaon and other suburban parts of Mumbai are as follows:

1. Recalibration of Apartment Sizes

A sharp inclination in the size of the apartment is one of the major transformations in the real estate agency of Mumbai. The 1 BHK apartments having the initial carpet area of 400 – 500 sq.ft. were reduced to 175 sq.ft. into the carpet area of just 325 sq.ft. It was done to match the affordability of the buyers. The 2 Bhk for sale in Goregaon West and other parts of suburbs were almost reduced to half by 500 – 600 sq.ft from the initial 800 – 900 sq.ft. The 3 BHK apartments also downsized to 850. Sq.ft from the previous 1250-1500 sq.ft. This shrink the average room size of 18 x 12 sq.ft to 12x 10 sq.ft. the size of the restroom was also reduced to 5 x 4 sq. ft from 8 x 6 sq.ft. The size of the living room also came down from 20 x 15 sq.ft. to 15 x 11 sq.ft. The careful tailoring helped the developers to reduce the size of the apartment by almost one-third of the previous carpet sizes.

2. Good fit for Nuclear Families

The buyers from all walks of life started appreciating the design and the effective usage of the space provided in the newfound apartments of 1 BHK in Goregaon. In Mumbai, mostly there are nuclear families with working couples and children occupied at schools and day-care. Therefore, buyers find it logical to buy a house with a small size rather than paying rents that are equivalent to the EMI’s. Mumbai also witnesses a rise in many large families splitting into nuclear families. The increase in the growth of the nuclear family is giving a rise in the demand for affordable and small apartments.

3. Helped in making houses affordable

The Mumbai Metropolitan Region (MMR) developers operate on thin ice as the official premiums are high, almost the cost of one-third of the project. The introduction of the trimming of the apartment design by almost 50 – 75 sq.ft. was done to curb the ongoing demand along with achieving the ticket price that makes the residential apartments in Goregaon west affordable for first time home buyers. moreover, the sizes of the kitchens were trimmed, and the passage area curtailed to avoid the wastage of unutilised carpet area. The change in the architectural design enabled developers to launch a gated community with 1 BHK in Goregaon and other suburbs of Mumbai as well with low pricing.

4. Increase in Immigrants

Mumbai has been witnessing more and more immigrants settling from all over the world. With the massive surge in young graduates seeking various job opportunities in Mumbai, there is an increase in the lookout for affordable housing of 1 BHK in Goregaon. The box pricing concept has helped the developers to suit the demands of the consumers. With the ever-increasing price of other utilities, consumers are not left with enough saving to purchase lavish flats. Hence, the idea of small apartment units fits best in this criterion.

Conclusion

All the above factors have led to an increase in the demand for affordable 1 BHK in Goregaon. Chandak Group has built such affordable homes keeping in mind the basic needs of consumers today. To know more about their newfound projects contact them on www.chandakgroup.com

Soaring Real Estate Investment in Goregaon Properties

Real estate investing in Mumbai has emerged as a potential revenue source. With futuristic entrepreneurs looking onto diversifying an existing investment portfolio, real estate comes as an ultimate option for an additional income stream. The industry has several challenges, but with the right approach on property management and processing, investors can secure long-term returns just from a 1 BHK in Goregaon area.

The location of a property that you are investing in has great importance in securing your wealth. The requirements of your potential tenant should be kept in mind while investing in a property in Mumbai. The proximity to major workplaces including industrial parks and tech-parks, hospitals, educational institutions and shopping malls is an influential factor in determining the value of the real estate. The connectivity to major roads and locations should also be your priority while buying a property.

Many leading real estate companies are focusing on developing residential apartments in Goregaon West, considering its growing demand by professionals and businessmen. The locality which was once merely a hilly forest region has now transformed into a well-equipped suburb with the rapid urbanization mainly due to construction of metro lines and growing population of metropolitan Mumbai.

One of the key problems with many new investors is their lack of information about real estate. The service of an expert real estate consultant or advice from someone already successful in real estate will be effective in making the right investment. Chandak Group is one of the leading real estate companies in Mumbai with various residential and commercial projects. There is an increased demand for their 2 BHK property for sale in Goregaon West from investors and homebuyers. A 1 BHK in Goregaon can be a great option to start your investment with. The 1 BHK properties for sale in Goregaon west can provide you with a regular income while maximizing capital. An ideal real estate investment can get its returns within the course of their mortgages, thus ensuring a more valuable asset than what you started with.

The advantage with investing with a 2 BHK for sale in Goregaon west in properties by reliable developers by Chandak Group, is that you can be assured of a hassle-free investment for the complete life-cycle of the property. The company is offering high-quality apartments for the best price in Mumbai, which is the costliest real estate market in India. There is a significant demand for real estate investment in some of the posh and well-equipped locations, like Goregaon, regarding its higher capability for generating stable short term income. An effective strategy in real estate business is to buy property using leverage which is to make a down payment upfront and then paying off the balance as instalments. Many of the real estate investors who own multiple properties of 1 BHK in Goregaon west near station have recognised the opportunity of renting the properties.

Investors prefer to buy 1 BHK in Goregaon considering the demand from potential tenants coming to Mumbai from various part of the country. Properties, like Bay Garden by Chandak Group, are favourable options for investors with the features like a banquet hall, landscaped garden, swimming pool, jogging track, kid’s activity room, library, cafeteria, spa, gymnasium, basketball court, crèche and fitness zone that attract high profile tenants. The property appeals to prospective home buyers and tenants with its proximity to Kapadia Hospital, DG Khetan School, NESCO and Inorbit mall and connectivity with SV Road and Link Road, Mrinaltai Gore flyover, Goregaon railway station and upcoming Shastri Nagar metro station.

Goregaon West - A Suburb for All Seasons

Buying a residential property in Mumbai comes with 3 fundamental drives for any potential buyer – size, location, and cost. A very few localities in Mumbai satisfy a buyer on all 3 counts. Goregaon is one such fast developing real estate destination in Northern Mumbai.

 Till the 1970s, Goregaon was just a cluster comprising of few residential pockets including Jawahar Nagar, Bangur Nagar, Unnat Nagar, Mahesh Nagar, Shastri Nagar, Jaiprakash Nagar, Motilal Nagar, and Pandurang Wadi. It was home mainly to middle-class families and was not considered a fascinating or livelyneighbourhood.  It was never a destination to consider for newer and swankier projects which builders and homebuyers found in the ‘upmarket’ destinations between Andheri and Bandra.

It was only in the 1980s that Goregaon got noticed as a viable real estate destination for developers. It was primarily its lush green cover that caught their attention. And from then on there was no looking back! Goregaon witnessed a surge in construction activities of all kinds- from residential to retail, commercial to mixed-use. It offered the latest lifestyle amenities, minus the premium rates prevailing in the Bandra - Andheri belt. Goregaon slowly became a dream come true for buyers who dreamed of a good ‘upmarket’ lifestyle, but at decent rates! Today Goregaon has it all- simple 1 BHK projects to premium housing options like king-sized 3 BHK duplexes, sprawling 4 BHK apartments with private sun decks, open-air terraces! 

 Location and connectivity

 Goregaon is conveniently located in North Mumbai, between the ever-busy Jogeshwari and Malad belt. As it is on the suburban Western Railway route, Goregaon gives its residents excellent connectivity to other parts of the city. It also has access to the Western Express Highway and Link Road which connects the suburbs from Bandra to Borivali. The all-new Jogeshwari-Vikhroli Link Road (JVLR) has come as a boon for its connectivity to Mumbai’s far-flung Central suburbs. The cherry on the connectivity cake is the upcoming Metro Rail and newly constructedRam Mandir Railway station.

 The picturesque green stretch of the nearby Aarey Milk Colony is a matchless landmark in the Goregaon suburb. The Aarey Milk Colony is a protected green zone. It is spread across 3,000+ acres and is also one of concrete-filled Mumbai’s last remaining green zone.

 The last decade of 2010 to 2019 has brought in rapid urbanization, particularly in Goregaon West. Goregaon West has witnessed transformation from boring locality into a fully loaded well-developed residential destination, making Apartments in Goregaon West ideal for all.

Goregaon West is centrally located and well-connected to many popular retail and family entertainment centers. Some of them include the InOrbit Mall, Mega Mall, Oberoi Mall, HyperCity, The Hub, and The Central. Commercial districts like the Mindspace (Malad), SEEPZ (Andheri east) and the Bandra-Kurla Complex (BKC), lie in close vicinity. Even popular film studios like Filmistan and Film City are not very far!

 Project scape

 Today, Goregaon West is dotted with several on-going residential projects that offer a host of exclusive amenities. A lot of big-ticket developers like Kalpataru Group, Ekta World, Sangam Realty, Wadhwa Group, and the Chandak group have come up with residential offerings here.

 Chandak Stella

Stella at Goregaon West is one of the most promising 3 BHK flats for sale in Goregaon West. This project from the Chandak camp is drawing an excellent response from buyers. The construction process is in full vigor at the site, and the project is scheduled for completion and will be handed over by March 2021.

Stella has 2 towers offering well planned and carefully designed 2,3,4, BHK flats with carpet area ranging from 672 sq. - 1,267 sq. It comes with the most modern amenities like gymnasium, jogging track, kid play area, and senior citizen sit out. The landscaped podium is a treat to the eye. In crisp summation, we can say these 2 BHK flats in Goregaon West are an amazing grab with its incredible features and modest pricing.

 Goregaon West calling

 Goregaon West is blessed with great connectivity and topped with well-developed social and retail infrastructure. It is a complete package and thus developers are rushing to Goregaon West. The residential projects here range from the lavish to the affordable, giving a wide range of options to match buyers need. 

Goregaon West offers a golden opportunity to the investors to invest in a fast-developing locale that is centrally located, cosmopolitan, competitively priced, and most importantly offers the picture-perfect ecosystem. It seems perfectly suitable to cater to everyone’s needs.

 So, don’t wait any longer, buy a 4 BHK in Goregaon and make Goregaon West your abode!