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.

Your Guide to Choosing the Right Home in the City of Dreams

Mumbai, the financial capital of India is also known as the city of dreams. One of the busiest cities in India, Mumbai holds a special place for the opportunities it provides in various fields. From being the largest city to having a huge number of residents, Mumbai has a wide range of options from rental homes to home for sale. The builders in Mumbai, provide you with a wide range of choices with respect to the size of the home, the number of bedrooms, amenities, etc., to choose from. If you are a dweller of Mumbai, and are looking for a home, but do not have the right idea as to which one to go to, no worries! Because we are here to guide you through the process of choosing the right home. Read on and be properly guided before making the choice.

 

Buying vs rental:

Whether to buy or rent a place for you to live is a huge decision. This decision has a huge impact on your savings, your lifestyle, and many more factors. If you have a reasonable amount of disposable income or savings, then you can go for buying a home. If not, then you can choose to take home for rent. But in a city like Mumbai, buying a home might be very beneficial to you. Unlike any other metropolitan where the real estate has taken a nosedive, Mumbai has survived well. The sole reason is the builders who have taken many innovative measures to provide good benefits to home buyers like you.

With many ready to move in flats available for sale, builders and banks have come together to provide you with the utmost benefit. For instance, apartments on S.V.Road are available for sale with great choices. The large number of 1 BHK flat in Borivali East for sale, 2 BHK flats in Mumbai Borivali, 2 BHK flat for sale in Borivali East are some of the best options available for you. Buying a home might also ensure a promising future.

 

Know what you want:

Now that you have decided to buy a house the next step would be to assess your requirements. This includes not just your needs, but the needs of your loved ones too. Sit together and decide on how large a house you need, the number of bedrooms, amenities, etc. Also assess the availability of civic utilities like hospitals, educational institutions, recreations, etc. Apartments on S.V.Road are some of the best that fulfill these requirements. With a wide range of 2 BHK flat for sale in Borivali East, 1 BHK flat in Borivali East for sale and 2 BHK flats in Mumbai Borivali, you can very well choose a house that might make you and your loved ones happy.

Decide on the locality:

Once you have narrowed down on your requirements the next step will be to choose the locality. Two of the most important aspects to keep in mind while selecting the locality are connectivity and infrastructure in the area. In a city like Mumbai that is highly congested, traffic and travel congestions might consume a large share of your time if you must commute a long distance daily. So, make sure you choose an area that has good connectivity to the rest of the city, especially to your workplace and the kids’ school. This might help you to cut down on your road time.

The next important aspect would be the infrastructure development. Proper roads, shops, recreation centers, civic utilities, uninterrupted power supply, water supply, etc., are some of the important infrastructure factors to consider. Considering the above-mentioned factors, choose an area. Apartments on S.V.Road are such apartments that fulfill most of these factors. Nischay by Chandak Group are some of the finest apartments in the locality.

 

Choosing the right builder:

 

After deciding the locality, the next step is to look for the right builder. How will you know which builder to go for? Now is the time to bring in your social contacts to use. Talk to your friends, to the people who have already made an investment, discuss the pros and cons of various builders. Many builders allow benefits to the investors like‘Buy now pay later’, loans specific to ready to move in apartments, etc. Compare and decide on the one that suits you best. One such builder who puts customer satisfaction above everything else is the Chandak Group. Their project Chandak Next provides some of the best Apartments on S.V.Road.

 

Why Chandak Group?

As already said, Chandak Group puts customer satisfaction above everything else. Their mission Promises made. Promises Kept says it all. In the field for more than 2 decades, Chandak Group has proven this in every single project of theirs. Chandak Group’s Nishchay has Apartments on S.V.Road, that provides 1 BHK flat in Borivali East for sale, 2 BHK flats for sale in Borivali East. Make an investment with them for a profitable future and a life of pure bliss and content.

Mumbai – The Hotspot of India’s Real Estate Investment

Mumbai, the city never sleeps, is not only the largest city of India but is also its financial capital. This busy city with loads of opportunities is leading by example to the rest of the world. Innovation and creativity have always been an easy cup of tea here. This creativity has been shown by the people of Mumbai in various fields and one among them is real estate. Yes, this blog here takes you through Mumbai's real estate market and the innovative ways implemented by the builders in Mumbai.

If you are a resident of Mumbai and are worried about the downward trend of real estate throughout the country, don’t be. The reason –unlike any other metropolitan city, builders in Mumbai focus on innovating new ways to earn the respect and trust of the investors.

Mumbai’s real estate market is very famous for its price stability despite the downward trend elsewhere. Go through this blog to know how Mumbai stands unique from the rest of the country in the field of real estate and why it’s popularly known as the hotspot of real estate investment.

 

What makes the Builders in Mumbai Unique?

The moment you think of investing your hard-earned money in real estate you start looking for the market trend. To your surprise, you might see that the country’s real estate has taken a nosedive. This might make you think twice before making an investment. But if you are looking to invest in Mumbai be assured that builders in Mumbai are some of the finest and they have taken utmost care to ensure the safety and satisfaction of your investment.

You might be wondering what makes them unique and what are the innovative ideas they implement, to ensure your investment’s safety. Go through the below-mentioned points and see for yourself the ideas implemented by the builders in Mumbai to rekindle your interest in investing.

• Affordable pricing:

Market surveys reveal that the middle-class people looking to make a real estate investment usually look for affordable housing. Premium builders are focused on providing luxurious homes. But further surveys revealed that the middle-class constituted 80% of the total population of India. This is where the builders in Mumbai came forward with a solution. Most of the builders in Mumbai including premium builders focused on providing affordable homes to people. With that, they were able to witness a rise in the demand for real estate. Some of the finest builders in Mumbai including the Chandak group has taken up this initiative thereby assuring investors a safe and affordable investment.

• Stringent regulations:

One important aspect that may have pulled you back from investing is the increasing number of real estate scams. The government of Mumbai comes to your rescue with stringent rules, regulations, and compliance for the builders in Mumbai with RERA and Maha RERA. This brings down the number of fraudulent builders thereby assuring you a safe investment market. This has very much helped in the rise of real estate investments.

• Sale of completed projects

Are you worried about the builder’s failure to hand over the project on the promised time? Is this pulling you back from making an investment? Well, the builders in Mumbai changed their selling style a little. Instead of selling homes during the launch of the project, they now focus on selling completed projects. By going in for ready to occupy or nearing completion projects you may end up paying more but can still be stress-free about the handover. Chandak Group is one such builders in Mumbai who has an impeccable track record of timely handovers.

• Unique loans:

 Banks are doing their part to boost real estate sales. They are providing up to 90% amount as loan along with the tax benefits associated with it. There are several new schemes also promising lower interest rates, no extra charges on part payment and even insurance options among others.

• Buy now pay later scheme:

With the bulging inventory, the builders in Mumbai want to get the sales rate up. Hence the introduction of buy now pay later scheme. With this scheme, you will be allowed to buy homes with just a small amount as down payment and start EMI’s after a year or two. You need to check with your respective bank for the exact moratorium period.

This was initially allowed only for under-construction homes but now made available even for ready to move in homes with the sole aim of boosting the sales. This initiative has definitely helped real estate sales in Mumbai.

These unique ideas implemented by the builders in Mumbai have made Mumbai the hotspot of the real estate market.

 

WHY CHANDAK GROUP?

Chandak Group, one of the most prominent builders in Mumbai, is well known for its outstanding quality and delivery on time. Their mission Promises made. Promises Kept says it all. Very adaptive and customer-friendly, they have implemented all the unique ideas to give you nothing less than pure joy and content. Invest with Chandak Group for a safe and assured future.

Making the most of your money

Traditionally Indians have a saving mentality. While saving is good, what is more, important is to create a secondary income from these savings. With the decreasing interest rates in the banks, the only way to create an alternate income would be to through carefully thought-out investments.

Mumbai, one of the busiest cities of our country leads by example in providing various arenas to invest. Some of these areas are, starting a new business of your interest, investing in the stock market, investing in land, investing in ready to move in flats in Goregaon East–one of the most prominent localities, investing in new construction projects, etc. But how will you know where to invest, or how to go further about it? Don’t worry, because we are here to guide you through the process of choosing the best way to put your hard-earned money to good use.

Why is Investment important?

In today’s world, having only one source of income is not enough. With inflation being one of the main factors, it is always safe to have multiple sources of income. Money lying idle in a bank is equivalent to a lost opportunity. Therefore, invest smartly to get good returns.

 

The investment you make gives you an added advantage of a secure future. With an additional investment, you are not just using your idle money, but also giving your loved ones another source of earning in case of some worst scenario. Nothing can be predicted in today’s world. With business happening at the global level, and the dependencies being global, anything can happen anytime. This is one of the most prominent reasons to invest your money in some additional sources.

 

How to choose the best way to Invest?

In a city like Mumbai that has many opportunities, it is challenging to choose the best area to invest in. The first step is to decide whether to make short term or a long-term investment. If you are looking to make short term investment look for some of the below options available:

• Money market investment, Certificate of deposits, treasury bonds, etc.
• Savings account, recurring deposits, high yield savings account, etc.
• Government bonds, corporate bonds, etc.
• Peer-to-peer lending
• Stock market investment
• Mutual funds
• EPF, tax-sheltered retirement plans like NPS, etc.
• Real estate – the most common investment preference

But, if you are ready for a long-term commitment, then make any one of the below mentioned long term investment:

Though these are the multiple options available, in a city like Mumbai, it is always better to make a real estate investment. The reason being the finest builders are present in Mumbai and the approach of builders in Mumbai is different from builders in other cities. This approach focuses on the utmost satisfaction of the investors. Real estate investment might, therefore, provide you a good source of income and an assured future. One of the most prominent real estate investments you can opt for is ready to move in flats in Goregaon East since it is one of the most prestigious and popular investment choices people opt for.

 

Advantages of investing in ready to move in flats:

Why do you think, we recommend investing in ready to move in flats in Goregaon East than anything else? Though there are various real estate options, ready to move in flats in Goregaon East have seen significant demand. As already said, builders in Mumbai including one of the premium builders, Chandak Group, have put in many efforts to ease the process of acquiring a ready to move in flat in Goregaon East. Ease of getting loans, saving on paying the rent that can be redirected to your EMI, a space to call your own and the prestige of owning a flat in the commercial capital of the country are some advantages of choosing ready to move in flat in Goregaon East. Chandak Group's Paloma provides you ready to move in flats in Goregaon East, with some of the best offers for your advantage.

 

Why Chandak group?

Though there are many builders in Mumbai, Chandak Group stands tall and extraordinary among them all. They stick to their mission, Promises made. Promises kept. Their focus is customer satisfaction. Their project Paloma provides ready to move in flats in Goregaon East.

With the numerous benefits provided by builders and bankers, choose to invest in Paloma, ready to move in flats in Goregaon East, by Chandak Group, to have a promising future for you and your loved ones. This investment will be the best way to put your hard-earned money to good use. Make use of this opportunity and have a safe and promising future.