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

Property Buying Checklist For 2020

 Buying a property is always a huge investment for any individual considering the current property rates going on for properties for sale on SV road. You will want to be very considerate when choosing a property that will provide its worth in every way possible. People usually make some mistakes buying new properties as they are not much educated or are unaware of the important things to check before purchasing.

So here we have compiled a checklist to make it easy for anyone heading out for purchasing of properties for sale on SV road.

1. There is less hassle in inspection now as RERA has strict rules and there are hardly any unauthorised constructions found. For checking the details of the property on the RERA website get the RERA number.
2. The current on-going rate of 1 BHK properties for sale on SV road can be checked by inquiring few people or agents. You must do this step so that you do not land up with a deal that will cost you more than the actual rate.
3. Check the registration of the properties for sale on SV road and if the society is well maintained so that you have lower chances of getting cheated and the legal matters are also handled smoothly.
4. Prior to giving out the token money for the deal check the original documents and any of the previous sales chain of the documents.
5. Know whether the property is eligible to get a loan from banks. Enquire why? If not eligible. And if yes, check whether there are on-going loans if it is cleared or not.
6. If the property is 10-12 years old, you have the benefit of saving some money while paying the stamp duty payment. For this, you will have to get a letter from the municipal corporation.
7. Check the space area mentioned for 1 BHK flats for sale on SV road whether it is carpet area, built-up area, or super built-up area.
8. Check if the property is approved by CIDCO or if it old, whether they have proper CC, plan copy and 7-12 utara documents with the seller.
9. Check if all the previous dues are cleared for amenities in the property like the electric bill, yearly municipal tax charges, society maintenance charges, etc.
10. Before registering any property, it is a must to obtain a No Objection Certificate (NOC) along with property clearance note from the society.
11. Saving on stamp duty is not a good idea as during the time of litigation you will not be able to fight legally with it. It is good to interact with the secretary of the society, as it will help you know some of the legal pending from society, matters related to share certificate, maintenance, and NOC.
12. Prior to giving token amount for 2 bhk flat for sale on SV road check some important documents for society NOC, name on the electricity bill, receipt of property tax paid, name on maintenance receipt, previous agreements of purchase and sale, floor plan of the building and the win you plan to purchase the flat, and the legal government stamps on all the documents.
13. The most important step is to get the signatures of the seller on a 100-rupee stamp paper along with the left thumb fingerprint and the photo of the seller before handing the token amount. The terms for registration date and if for any reason the deal gets cancelled must be made very clear.

Conclusion

It is mandatory on the part of the buyer to check all the above points when purchasing properties for sale on SV road to avoid getting into any wrong deal.

Chandak Group makes sure you have a smooth running on all the legal processes carried on regarding the purchase of the property. To know more visit their website at www.chandakgroup.com

Potential Rewards of Investing in a Residential Property

The coronavirus outbreak has impacted investment opportunities in the real estate industry for the better. Many Indian families consider it a prestige to own a home of their own in their desired location. Professionals and Entrepreneurs who come into a new city prefer to buy or rent an apartment with the expectations of luxury, privacy and location accessibility. The right time for home buyers and investors has come to invest in Mumbai real estate with its ever-expanding infrastructure and business opportunities. Many of the leading real estate companies in Mumbai are developing Properties for Sale on SV Road considering its rising demand. Making a long-term investment in 2 BHK Flat for Sale on SV Road would be an ideal option for avoiding home rent payment especially during the time of a crisis.

Many financially stable individuals are still reluctant to buy a home as they think it to be of shorter returns and that renting 1 BHK Properties for Sale on SV Road is cheaper than buying one. The coronavirus pandemic will change the mind of many aspiring homebuyers who didn’t buy a home with home loans with higher interest rates. Owning a home that is accessible to the work location of all the family members can ensure unmatched security. The value of properties remains unaffected by the economic crisis, as the need for having a home is important than ever.

Many investors are expecting huge returns by investing in residential 2 BHK Flat for Sale on SV Road. The market opportunities in residential real estate properties depend on the accessibility to major offices, hospitals, educational institutions public infrastructure and commercial hubs.

House-Flipping

Many investors adapt house-flipping as an active, hands-on way to invest in real estate where they purchase a home and improve its market value by making changes and renovations and then sells it at a higher price.

Wholesaling

Wholesaling is an emerging trend among real estate investors where they sign a contract to buy a property that is priced below the market value and the takes profit by selling it quickly to another investor at a higher price.

Rental Properties

Property rental which is the most preferred real estate investment in Mumbai demands the investor to for hands-on responsibility for ensuring the smooth running of operations and long-term management of property and tenants. Rentals of 2 BHK Flat for Sale on SV Road will bring the investor with regular cash flow monthly. Investors prefer property rentals above other options considering its steady, reliable income stream.

Chandak Group, the leading real estate developer in Mumbai has one of the best residential projects ChandakNischay with 1 BHK Flats for sale on SV Road. The property is one of the most preferred for its connectivity to Western Expressway Highway within 850 meters and Link Road within 2.4 km. The property is well connected with major hospitals, educational institutions and entertainment and retail hubs. The amenities like an amphitheatre, clubhouse, games promenade, jogging track, kids play area, multipurpose court, multipurpose lawn, outdoor gym, senior citizen sit-out and yoga lawn makes this an ideal for home buyers as well as for various investment options.

Real estate has been proven with strong performance even in the middle of a huge crisis. A well-planned investment in a real estate property will have to potential for significant returns as rental savings for homeowners and rental earnings for investors. Investing in a 2 BHK Flat for Sale on SV Road will be a great portfolio diversification for futuristic entrepreneurs.

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.