Owning a Home Versus Living on Rent: Which is a Better Long-Term Option?

 It’s always a dream of every Indian to buy a house in the city of dreams Mumbai. But due to sky-rocketing property prices, especially in this city, have led people to opt for renting rather than buying. However, for wealthy people who can afford to buy a house, the choice between buying and renting is always a tough one. If a person is planning to stay in the city for the long term and has the necessary purse for the down payment and stable future cash flows, it is highly recommended to buy a property for sale on SV road. Owning a house forces savings, which most people would rather spend on renting a property. But there are always two sides to the coin. Thus, you should consider the pros and cons of each to figure out whether renting or owning is best for you.

Benefits of homeownership over rental accommodations

The main benefits of buying a property for sale on SV road and living in own home rather than a rented home are

• It provides them a sense of security and pride in homeownership

• The buyer may also face the problem of increasing rent.

• When you buy a house on loan, you are already aware of the cost of EMI required to be paid over the long term. However, paying EMI can be more beneficial for the buyer, as it not only provides for one month of shelter but also increases the proportional ownership in the house. Hence, future costs are predictable and more stable.

• There is less likelihood of interference in your life when you live in your own home.

• For example, real-estate investment buying property for sale on SV Road is a safe investment backed by a real asset that has the potential of capital appreciation and tax benefits.

Benefits of taking a house for rent

• The benefits of taking a home on rent are that the tenant does not have to pay any maintenance costs or repair bills. Because when you rent a property, your landlord is responsible for all maintenance, improvement, and house repairs.

• Renting does not overburden a person with EMI payments, house tax, and other legal issues that are part and parcel of property ownership.

• Renters have the freedom and option to choose the location they want to live, while homeowners are restricted to areas where they can afford to buy. Living in an expensive city such as Mumbai might be out of reach for most home buyers, but it might be possible for renters.

• Another financial benefit of taking home for rent is having access to amenities that would otherwise be an enormous expense.

How to decide whether you should purchase a home or live on rent

Many experts working in the real estate industry advise that youngsters consider buying a property for sale on SV Road in the early stages of their career if they are focusing on staying in a particular city. Because, even though it may seem difficult to manage the EMIs initially, after 5-10 years, when their salaries increase, their EMIs remain the same. Thus it would be a relatively lower proportion of your salary. Moreover, if you buy a 1 BHK flat for sale on SV Road, the property prices would have also appreciated multi-fold.

Winding Up

Thus now, if you are planning to buy a 1 BHK flat for sale in Borivali east or a 2 BHK Flat for sale on SV Road, you can visit www.chandakgroup.com as they offer you some of the best property deals in your budget.

Which Flats are Best for Purchasing -1 BHK or 2 BHK?

 Investing your money in buying a property is a good idea in this current trend. If you keep your money in the bank account, the returns will be less. Thus, if you purchase a property in a prime location now and sell it after a few years, the returns will be more compared to a deposit in a bank account.

You can easily double your investment in 4 to 5 years by purchasing a 1 BHK flat for sale in Borivali east, plus you can also give your apartment on rent and earn through rental income. Investors usually look for a good location to invest in properties for better returns, and SV Road could be one of them's best locations. As for now, the properties are for Sale on SV Road. But before buying the apartment, one can always be confused between which flat to buy 1 BHK or 2 BHK.

So, here's an overview for you to decide.

Pros and Cons of 1 BHK

Purchasing 1 BHK properties for sale on SV road in Mumbai suburbs is an ideal investment for beginners as the price of 1 BHK is not so high and doesn't make you stretch your budgets profusely. Less capital involved would mean that the investor will have to make a small down payment and smaller equated monthly instalments. 1 BHK flats are perfectly sized for a newly married couple and bachelors living alone. But it's challenging to find a 1-BHK apartment in several societies, especially in cities like Mumbai. Simultaneously, due to its space restrictions, it can become difficult for some families to feel a sense of comfort in such apartments. Storage can also turn out to be a significant hassle in such a unit.

Pros and cons of 2 BHK

If an investor has a good budget, purchasing a 2 BHK flat for sale on SV Road is the most profitable and suitable option for them. 2 BHK flats also provide you with extra space; thus, it is best suited for couples who live with their parents and kids. An additional bedroom adds more to the grace and space of a house. 2 BHK flats are also easily available in big cities and small towns. One can quickly sell or rent out these types of apartments as they are in high demand. Therefore, buying 2 BHK apartments from popular builders can offer you extensive delightful lifestyle amenities.

Where to purchase 1 BHK and 2 BHK in Mumbai?

Chandak group in Mumbai offers 1 BHK flat for sale on SV Road and 2 BHK flats in the suburbs at affordable rates. These localities are strategically placed close to the Mumbai-Pune expressway and near the IT hubs and industrial zones.

If you are thinking to invest your money in property, you should look for properties for sale on SV Road as it is considered one of the prime locations in Mumbai suburbs, which can also help you double your investment. Buying properties for sale on SV Road could be beneficial for the investor as it connects Western Express Highway that further connects to other parts of the Mumbai suburb. Domestic and international airports are also nearby to this location. All types of transport and commute are also easily available in this location. This location is also ideal for families because the locality gives them affordable and luxurious housing options, shopping malls, entertainment hubs, educational institutions, small industries, etc. within its neighbourhood.

Thus, it would be best if you visit https://www.chandakgroup.com to know about the price and availability of new flats. ChandakGroup of construction promise to offer you the best property deals in your budget.

An Overview of Borivali East Property Market

 Borivali East is located in the north-western part of the financial capital of India. The increasing price trends in Borivali East are obvious that it will be a good investment option for the future. Presence of commercial hubs to a residential area ranging from Villa, rowhouses, 2 BHK and 1 BHK flat for sale in Borivali east. The increase in property prices is a promising sign to start with. It is an emerging residential suburb among the conglomeration of various other small towns like Poisar, Eksar, Shimpoli, Kandivali, Mandpeshwar, Kanheri, Magathane, Tulsi, and many others. The existence of this locality is dated back to the British era.

The main tourist attraction in Borivali is the Sanjay Gandhi National Park. The locality is known for its trade and urbanization. It has surfaced up in a major area of real estate, owing to its state of the art. Development in Borivali east and ease of connectivity to other parts of Maharashtra makes it a likeable area to move in. Elevated not only in terms of economic growth, but there has been tremendous infrastructure development.

 Connectivity with nearby localities in Borivali East

There are properties for sale on SV road in Borivali. Owing to its locality is well-connected to various developed areas of Mumbai, and Basic amenities like private transport, public transport like buses, taxis, auto-rickshaws are just a walk away. It is also flooded with several hotels, schools, banks, and hospitals via an excellent network of railways and roadways. One can conveniently find 1 BHK flats for sale on SV Road. There are also 2 BHK Flat for Sale on SV Road, here is why you should buy a property in Borivali East-

• Borivali East is nearby of Devipada, Jai Jawan Nagar, Abhinav Nagar, Asara Colony, Sukarwadi, Ambabari, Chintamani Nagar, Shankheshwar Nagar, Chintamani Nagar, Ovari Pada, Chinchpada, Dattapada, Nancy Colony, and Magathane.

• There is BEST, and Navi Mumbai Municipal Transport (NMMT) provide bus facility in this region.

• Chhatrapati Shivaji International Airport is located at a mere distance of 18 kilometres from Borivali east.

• The nearest railway station is the central railway station.

 Employment in Borivali east

Borivali east has observed a rise in the population in recent years owing to its proximity to various employment hubs and offices. Sai Auto Hyundai, Perfect Job Placement and Ajeets Group, all of these offices, are located within the range of few kilometres from Borivali east. 1 BHK flat is for sale in Borivali east owing to rise in individuals moving in Borivali.

 Schools and other social amenities in Borivali east

There are 1 BHK flats for sale in Borivali east which provide all kinds of social amenities to its residents, enabling them to live a happy and peaceful life. These amenities include numerous schools and hospitals. The most distinguished schools in Borivali east include St John's School, Municipal School, ISMT Business School, St Rocks College of Commerce and Science, Seth MK High School, Institute of Management Studies and Junior College, Gokhale College, etc. Further, the prominent hospitals in Borivali east include Narendra Hospital, Parmar Hospital, Shatabdi Hospital, Ankit Hospital, Metro Polis Hospital, Crystal Hospital, Shatabdi Hospital, etc.

Borivali east also has various banks and ATMs. The vicinity also provides its residents with many luxurious shopping arcades. Indraprastha Shopping Mall, Vishnu Shivam Mall, V Mall, Raghuleela Mall, etc. are some shopping hubs in the area.

To Sum Up

Making it an ideal destination one should buy a property in this area. Chandak Group of Developers is providing 2 BHK and 1 BHK flat for sale in Borivali East that is 10 minutes away from Borivali east station. They have over 30 years of real estate experience and is one of Mumbai's most reputed and trusted brands. To know more about them visit 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

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

Crucial Points A Buyer Needs to Consider Before Purchasing A New Apartment

Buying a home is one of the biggest dreams and decision in an individual’s life. You will want to ensure that no stone is left unturned when it comes to selecting the best 1BHK flats for sale on SV road. However, there is more to buying the house than it meets the eyes. There are various aspects and overlooking them might not be a wise choice in the long run.

 

There are various cases where buyers have faced certain trouble dealing with the builders and the developers. Here are some of the points a buyer must keep in mind before purchasing properties for sale on SV road.

1. Evaluate the legal clearances and approvals

 Once you finalise on an apartment, check all the paperwork from the builder's side which includes clearances from local authorities to environment clearances, building plan approvals, etc. below is the list of certain documents a buyer needs to check before finalizing the property deal.

 

• Title deed
• Commencement certificate
• No objection certificates
• Land use certificate
• Encumbrance certificate
• Miscellaneous receipts

 

1. Check the Tie-Up With Banks
   When a project is associated with certain risks banks, especially the public sector banks will not entertain or finance the projects. Banks usually perform a thorough inspection or verification before approving it for any type of loans. Always look for properties for sale on SV road that have tie-ups with banks and from which finance is easily available. You must visit the bank branch for any of the enquiries rather than believing the bank representative present at the property site.
    
2. Verify the Reputation of the Builder
   In the real estate market, a builder is known for its reputation. Therefore, you must always enquire about the reputation before purchasing any 2 BHK flat for sale on SV road. Visit some of the recently completed and some old projects as well done by the builder to know the quality standards and see whether the structure witnesses the test of time. it will further help you to understand whether the promises made by the builder will come true or not.
    
3. Cost estimation
   At times, a builder may hide the actual cost associated with the apartment and not reveal the extra charges like maintenance cost, parking charges, location charges, service tax, club membership etc. all of these additional charges will increase the basic cost and eventually increase the cost of the property. Do the cost estimation of your 1 BHK properties for sale on SV road so that it does not go beyond your budget.
    
4. Ascertain the Carpet Area
   Any of the 2 BHK flat for sale on SV road will have a super built-up area along with the carpet area. The super built-up area includes carpet area, built-up area, and some common spaces like lobby, elevator, staircase, shafts, etc. the build-up area includes only the areas occupied by the walls of the apartments and the carpet area. A builder may likely charge for the super built-up area, but your prime concern should be of carpet area as it is usually 20 to 25% less than the super-built up area.
    
5. Visit Competitors Project
   You can also have a look at the projects like 1 BHK flats for sale on SV road built by other builders in the area. It will give you a better understanding of price, quality, and amenities offered by other developers. It allows you to make informed decisions before you finalize your purchase.
    
   Final Words
    
   All the above points are crucial to look for before purchasing 1 BHK properties for sale on SV road. Chandak Group is one such association which promises to be clear and specific in all their dealings with precisely describing every detail they can provide. They are also clear on every dealing and believe in providing a fair deal to the buyers. for more information on their latest projects, you can visit https://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.