Fixed versus floating rates

Owning a home is one of the biggest dreams of the average Indian--and, many of us have to go for a home loan for this. Home loan is a long-term commitment and it is very crucial to understand the various interest-rate options that are available in the market, which will save you a lot of money.

In general we have two options--fixedand floating-interest rate home loans. “Choosing between the two is one of the biggest challenges that you may face while buying a house. Both of them have their own pros and cons and have to be chosen carefully after estimating their long-term impact. That is because the difference in payments of each of the option will have a huge impact on your overall personal finances,“ Rahul Parikh, head of Aditya Birla Money MyUniverse, says.

It is clear that only a fixed-interest loan maintains the same interest rate throughout the repayment tenure. But in most cases, banks may revise the fixed-interest rate in line with market movements.

On the other hand, interest rates on floating-interest loans are calculated as per the dominant lending conditions in the country and are bound to go up or down depending on several economic factors. The innate uncertainty of floating-interest rates makes these instruments difficult to account for while chalking out the road map for your current and future finances.

 Read entire article on  -  http://goo.gl/mESGU6

About us

MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.

Contact
501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India

Mobile : (+91) 9833 4583 23
E-mail: mchithane@gmail.com  

Gudi Padwa’s property hotspots in Mumbai

Gudi Padwa is considered to be a propitious time for Mumbaikars, in terms of making high-value buying as well as fresh investments. Maharashtrians and Mumbaikars, who look at purchasing a property, aim for this festive period to do that. Property demand always improves during Gudi Padwa. Developers too, on their part, introduce special offers and discounts to attract property buyers. If one misses a good buying opportunity, then one could land up buying the same property at higher prices later.The project location plays a key role even during the festival period micro-markets in the vicinity of an economic driver continue to develop as hotspots for both, investors and end-users. Experts suggest that the location of the project plays an essential role for a homebuyer while buying a house. Also, the social infrastructure and connectivity to other parts of the city, form the basis of his buying decision. During the festive season, many developers offer good festive deals to customers. Homebuyers too, look forward to such offers. Being an auspicious occasion, many buyers prefer to buy a property during such occasions, as it heralds prosperity.

Lalit Kumar Jain, chairman, CREDAI and chairman and managing director, Kumar Urban Development Pvt. Ltd (KUL), said, “Real estate is all about location, location and location. However, the value-for-money proposition and future development, are key aspects. Gudi Padwa is widely considered as an auspicious occasion and hence, people prefer to take important investment decisions on this day. Seeing the surge in enquiries, developers are offering discounts, depending on the location. Real estate agents, investors and experienced homebuyers, will tell you that location trumps everything. Smart real estate investors and developers know that if a home is in a good location, it's a good investment.Some buyers prefer to be off the beaten path or buy in a transitioning neighbourhood and it's true; areas can change rapidly these days. Once out-of-the-way neighbourhoods, have now emerged as the next IT spots.“

Read entire article on http://goo.gl/uWRbwj

About us

MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.

Contact
501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India

Mobile : (+91) 9833 4583 23
E-mail : mchithane@gmail.com    

Affordable homes in Mumbai a reality

It is a universally acknowledged truth that owning a property in Mumbai is no child's play. There are still some areas in Mumbai where getting a home within Rs 20-50 lakhs budget is possible.

Where can you find?

According to MagicBricks.com research, a considerable size of the population belonging to the lower and lower-middle class is looking for properties in the Rs 20-50 lakh budget. To cater to this need, there has been a slight increase in property inventory in the current quarter. You can find properties within this budget in areas such as Nerul, Virar, Nallasopara and Mira Road.

What is available?

Nerul is popular among property buyers for its strategic location, close to commercial hubs such as Navi Mumbai, Belapur and Vashi.“Nerul is a planned township with good social infrastructure. Water supply is constant and the area is populated with food joints, recreation, open parks and libraries.

Buyers are interested in Nerul's real estate, as it assures them both, comfort and convenience of living,“ says Alnoor Imran, a local broker in Nerul, Kohinoor Properties. You can get a 1-BHK apartment in the price bracket of Rs 40-50 lakhs, sized 535-550 sq ft. If you can increase your budget up to Rs 55-60 lakhs, you can also get a 2-BHK sized 700-1000 sq ft. Virar, located in Thane dis trict, is part of the Vasai-Virar Municipal Corporation.

It has become a popular destination for buyers looking for affordable homes. People with a limited budget of Rs 20-50 lakhs, can find 1 and 2-BHK units in this locality . As per MagicBricks.com data, 1-BHK units with an average size of 570-1000 sq ft, are available within Rs 20-40 lakhs. Further, a 2-BHK apartment, sized 625-1100 sq ft, is available within Rs 23-50 lakhs.

Read entire article on http://goo.gl/IeJtCR

About us

MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.


Contact
501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India

Mobile : (+91) 9833 4583 23
E-mail: mchithane@gmail.com  

Check out India's costliest addresses and its wealthy residents

Many of them are the proud owners of plush properties in these cities. Their real estate investments not only hit headlines but also amaze the common man with the hefty price tag that these properties carry.

From rich industrialists, prominent builders to popular actors, almost everyone who has money owns a property in either of these cities, irrespective of the fact whether they actually live there or not.

Read entire article on http://goo.gl/s7shKB

About us

MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.

Contact

501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India

Mobile : (+91) 9833 4583 23 

E-mail: mchithane@gmail.com  

When should you exit the Mumbai market?

Are you an investor in the Mumbai market? If yes, are you wondering whether you should exit or hold your property a little more in this lull market? Read on.

Every real estate investor undergoes a period when nothing seems clear, despite the initial market research. You find yourself in a dilemma as to whether one should stay invested or exit the market. At a time when Indian real estate markets have been in the doldrums, investors have had a difficult time. Markets in Mumbai have had a similar situation with investors who were unclear whether to hold their properties or to exit.

Exiting the market to re-enter? Here are your options!

So, when is the right time to exit the Mumbai market? “To get a significant return on investments, it is essential to remain invested over a long-term. With the Indian economy now depicting visible signs of recovery and with pro-business environment being created, we believe that global companies are likely to expand in the financial capital of India, spurring employment and income growth. This will in turn push up the residential demand in the coming years. With improving demand, capital values will appreciate and investors may get a worthwhile return on investments,” explains Sanjay Dutt, executive director, Cushman and Wakefield.

Read entire article on http://mchithane.org/When-should-you-exit-the-Mumbai-market.html

About us

MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.

Contact us at -  (+91) 9833 4583 23 or Email us -  mchithane@gmail.com

501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India  

BMC offers solace to illegal structures

Most of the city's over 56,000 structures can be regularized or compounded by offering concessions or recovering additional fees, while the rest will have to be demolished partly or totally.

Your property search in Mumbai is now over. Here are a few options -
Mantralaya sources said a report on possible legalization of unauthorized constructions here, prepared under the leadership municipal commissioner Sitaram Kunte, had categorized around 56,000 structures in 40 conflict zones and offered solutions for each. If accepted, the report will give much needed solace to around 15 lakh people living in those structures, such as Campa Cola in Worli.

"As per the report, constructions where the balcony area or extended part of the legal constructions have been occupied, can be compounded by charging additional fees. Even norms can be relaxed for those falling in reserved or no-development zones. As per rules, a 'no-development' zone does not mean 'never-development' zone," they added.

Read entire article on http://mchithane.org/BMC-offers-solace-to-illegal-structures.html

About us

MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.

Contact us at -  (+91) 9833 4583 23 or Email us -  mchithane@gmail.com

501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India

Observe precautions before buying farm- lands in Maharashtra

Lately, a lot of announcements on the transformation of agricultural or non agricultural (NA) land into farm houses or weekend homes are doing the rounds. These proclamations are mostly directed to lure the NRI and expat community. Magicbricks comes forward to assist the targeted buyers to make good investments without being cheated of their hard earned money. Magicbricks spoke with several industry experts to better equip prospective investors into making a well thought decision.

Looking for properties in Mumbai? Here's your chance!

As per the Lands of Maharashtra Act, agricultural land is not meant for the development of weekend/farm houses. Transfer of agricultural land to a non agriculturist is barred under Section 63 of the Bombay Tenancy and Agricultural Lands Act, 1948. Also, Section 65 states that the land can be taken over by the Government for management if it remains uncultivable for any two consecutive years.

How have these developers been able to offer land?

“Land in villages along the National Highway 3 (NH3) (Old & New) in Bhiwandi Taluka have been used to develop gated communities. These are either converted lands or those that are co-owned by the original owner for a certain long period. Development of villas and weekend homes is rampant here,” says S Singh, of Shree Ganesh Real Estates, a local broker active in these deals.

However, several of these areas have witnessed disorganised development due to the mushrooming of independent developers resulting in uncoordinated planning.

Read entire article on http://mchithane.org/Observe-precautions-before-buying-farm-lands-in-Maharashtra.html

About us

MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.

Contact us at -  (+91) 9833 4583 23 or Email us -  mchithane@gmail.com

501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India

Ahuja Constructions brings luxury flats in Prasadam

Ahuja Constructions, launched, “Triveni - Premium Apartments” in its 40-acre residential township, Prasadam, Ambarnath (East), on the occasion of Gudi Padwa. Located in the heart of the township, the exclusivity of Triveni is enhanced by its proximity to the Club House, the largest landscaped garden within the township and the School.

Aimed at revamping the concept of community living with its 5 lakh sqft of landscaped gardens woven together in a honeycomb inspired layout, Prasadam, residences will be built in a circular manner around beautiful theme courtyards, providing a mix of private, semi-private and public spaces. To cater to the varying needs of buyers, apartments range from 1, 1.5, 2 to 3 BHK. It lies equidistant between Ambarnath and Badlapur station, just a few minutes from the upcoming Chikhloli railway station. Through a perfect blend of nature and modern amenities, Prasadam enables holistic living. The project comprises multiple offerings within various sectors like retail, education, healthcare & entertainment. These include a school, nursing home, cineplex, supermarket, amphitheatre, air-conditioned library, art corner, and temple. Fulfilling its promise of providing quality lifestyle, the project has multiple options that allow you to indulge in recreation, exercise and sports. An air-conditioned gym, jogging track, aerobics centre, badminton court, cricket pitch, basketball court, meditation zone, air-conditioned club house, lawn tennis court, squash court, volleyball court, swimming pool, music room, kids play area; you name it and you have it.

According to Gautam Ahuja, Managing Director, Ahuja Constructions, “Prasadam is our endeavour to provide world class living experience in the far suburbs of Ambarnath and the launch of Triveni will further re-define quality lifestyle within the township. The attractiveness of this project has been enhanced by the recently announced measures to improve connectivity like the upcoming Chikhloli railway station and for new roads.”

Read entire article on http://mchithane.org/Ahuja-Constructions-brings-luxury-flats-in-Prasadam.html

About us

MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.

Contact us at -  (+91) 9833 4583 23 or Email us -  mchithane@gmail.com

501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India

Gudi Padwa property offers out to attract buyers

Considering the low consumer sentiments in the real estate market in the recent past, builders from Mumbai, Maharashtra is now trying to woo buyers on the occasion of Gudi Padwa. The festival holds special significance as it marks the beginning of the Hindu New Year. People generally make new purchases on this day as it is considered to be auspicious. Capitalising on it, many developers have launched their new projects and are offering discounts and attractive gifts while booking a property.

Rustomjee, a developer in Mumbai, has launched a new tower in its township - Urbania in Thane claims to be the tallest residential tower in the suburb. To mark Gudi Padwa, the group is offering ‘No’ pre-EMIs-till-possession scheme. Under this scheme, one can book the property in the project at about Rs 9 lakh plus government taxes for a Rs 1 crore plus worth property and can pay the balance amount at the time of possession.

Another developer, Mahindra Lifespaces has also launched the second phase of Happinest - project at Boisar. To attract customers, they have launched a three-day event ‘Happinest Homefest in Broivali, where customer can book their property.

Another developer Olympeo Infrastructure Pvt Ltd based in Mumbai has announced that it will offer 10 gram gold coins on booking a flat at the Olympeo Riverside, an upcoming integrated township on the banks of Ulhas River, in the Neral-Karjat belt, an extended Mumbai suburb. To incentivise referrals, the developer is also offering silver coins on just referring a friend. Their offer is valid till April 05, 2015.

Read entire article on http://mchithane.org/Gudi-Padwa-property-offers-out-to-attract-buyers.html

About us

MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.

Contact us at -  (+91) 9833 4583 23 or Email us -  mchithane@gmail.com

501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India

Omkar offers 100 gm gold coin on Gudi Padwa

In Maharashtra, Gudi Padwa is the best and favorable time to buy a dream home and keeping in line with this tradition, Omkar Realtors, the leading developer in Mumbai, is celebrating the auspicious festival with 100 gms of Gold on every deal closure for one of their luxury properties – Veda Exclusive.

‘Veda Exclusive’ is a premium residential project with a very limited inventory of luxurious 68 (2/3 BHK) apartments  sized between 1335 sq.ft-2035 sq.ft and priced approx. Rs 2.8 crore -3.8 crore plus bracket. The project is located on the eastern edge of South Mumbai, Parel, off - Jerbai Wadia Marg with apartments enjoying panoramic city and sea views.

Read entire article on http://mchithane.org/Omkar-offers-100-gm-gold-coin-on-Gudipadwa.html

About us

MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.

Contact us at -  (+91) 9833 4583 23 or Email us -  mchithane@gmail.com

501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India

South Mumbai realty may soon get a boost

The move for Mumbai’s development proposes to repeal a rule that led to a flurry of construction in the distant northern suburbs at the expense of the city’s upmarket south

The latest blueprint for the development of Mumbai proposes to repeal a 24-year-old rule that led to a flurry of construction in the distant northern suburbs at the expense of the city’s upmarket south and central parts, which stand to benefit if the suggested change is implemented.

Builders typically seek to maximise earnings by adding more built-up area on the same plot. In Mumbai, a builder who might need more than the permitted floor space index or FSI—a measure of the construction permitted in an available plot—can purchase additional development rights from someone who has such rights.

Anyone who surrenders a piece of land in Mumbai for public purposes, say slum rehabilitation, can offer to rehabilitate the slum dwellers at his own cost and get land development rights (called transferable development rights or TDRs) in return from the municipal corporation.

The TDR is essentially a certificate that confers the right to build up to a specified area. The TDR holder can either develop the land himself, or sell it to any developer who needs additional FSI. 

Read entire article on http://mchithane.org/South-Mumbai-realty-may-soon-get-a-boost.html

About us

MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.

Contact us at -  (+91) 9833 4583 23 or Email us -  mchithane@gmail.com

501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India  

New property tax rules for mumbai gets BMC nod

The municipal corporation has revised the base for calculating property tax to carpet area from the current built-up space system

The Brihanmumbai Municipal Corporation (BMC) has approved the revision in the structure of property tax for Mumbai, the country's most expensive real estate market. The standing committee of the municipal corporation, in a special meeting held on Thursday, approved the revision in the base for calculation of property tax to carpet area from the current built-up space.
The move is expected to increase the property tax collection by 14.5% in 2015-16, against around 27% estimated as per old rules.

The revision will be applicable for the next five years with effect from April 1, 2015. The revision in property tax rules will help the civic authority collect revenue worth Rs 4,563 crore in 2015-16 (April-March).

With the old structure based on builtup area, BMC is estimated to collect a total of Rs 3,984 crore for the financial year 2014-15.
As per the old tax structure, BMC was estimated to collect revenue of Rs 5,077 crore in next financial year of 2015-16, an increase of Rs 1,093 crore, while the revised rule will fetch Rs 579 crore in property tax.

Read entire article on  http://mchithane.org/New-property-tax-rules-for-mumbai.html


About us
MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.
 
Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.

Contact us at -  (+91) 9833 4583 23 or Email us -  mchithane@gmail.com

501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India

'Elated at Hiranandani Group Winning Best Design for Community Living Award at the NDTV Property Awards': Niranjan Hiranandani

At the second NDTV Property Awards, which was held at the Taj Lands End in Mumbai on 13th March, 2015, the Hiranandani Group bagged ‘Best Design for Community Living Award’ for its Powai and Thane Townships. Niranjan Hiranandani, MD, Hiranandani Constructions Pvt Ltd (HCPL) accepted the award.

NDTV’s Manisha Natarajan, Senior Editor, Business and Real Estate along with Vasudha Sharma and Anjali Istwal, co-anchors of The Property Show, hosted the second edition of the NDTV Property Awards.

The awards honored and acknowledged excellence in Indian real estate and recognized real estate leaders whose persistent pursuit of excellence has fuelled India’s journey to the forefront of the world’s economy.

Commenting on winning the award, Niranjan Hiranandani said he was elated. “We have always stressed on building communities rather than just square feet of space. The townships we have built at Powai and Thane have been recognized by various organizations, this recognition at the second NDTV Property Awards to add yet another endorsement of the projects having come up the right way,” added the MD, HCPL.

Hiranandani Gardens Powai is a neo classical architectural marvel nestled amidst the verdant Powai Hill, strategically located opposite the serene Powai Lake, said Niranjan Hiranandani. “It is a place where more than 4000 families stay. Sprawled majestically over 250 acres, Hiranandani Gardens is Mumbai’s finest residential township that has redefined the standards of elegant living. Intelligently planned, crafted with precision and embellished with care, it fulfills the delicate dreams of many, giving rise to a new perception of life and life style,” he added.

Read entire article on http://mchithane.org/NDTV-Property-Awards-Niranjan-Hiranandani.html


About us

MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.


Contact us at -  (+91) 9833 4583 23 or Email us -  mchithane@gmail.com

501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India 

Mumbai sees yet another year of tepid real estate leasing activity

Mumbai, India’s commercial capital, saw yet another year of tepid real estate leasing activity in 2014 as the overall leasing activity dropped to its lowest in five years, despite a demand revival in the last three months of the calendar year, according to a report by commercial real estate consulting firm Colliers International.

Absorption of commercial real estate in Mumbai fell to 3.12 million sq ft in 2014, down 44% from 2013.

The trends in leasing of commercial real estate in Mumbai was in contrast with those visible in the rest of the country. Office space leasing across India saw a year-on-year rise of 11% at 35 million sq ft, the Colliers report said. Leasing activity was dominated by Bengaluru with a 39% of the overall market, followed by Delhi and the National Capital Region (22%) and Pune (14%).

“The improved economic sentiment in India has led companies revisit their office space requirement and future expansion plans. Some of this was reflected in the total space absorbed in 2014. We anticipate more robust expansion plans in 2015,” says Surabhi Arora, associate director (research) at Colliers International.

Read entire article on http://mchithane.org/Mumbai-sees-yet-another-year-of-tepid-real-estate-leasing-activity.html

About us

MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.

Contact us at -  (+91) 9833 4583 23 or Email us -  mchithane@gmail.com

501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India 

Auction properties up for grabs in Mumbai

Your hope to buy a property in Mumbai at a much lower rate than the market may be realised soon. Mumbai has about 12,000 flats up for sale by banks that are from EMI defaulters.

Areas these are located include places close to Andheri's Lokhandwala Complex; CHS Kajupada, Borivli East; areas near Gurudatta Colony, Kalyan (West) and suburbs such as Khargar, Navi Mumbai, Dombivili and Nerul and even prime areas in Bandra Palli Hill.

"These properties that are auctioned by the banks are about 30 per cent cheaper than the market value," says Sanjay Gawde, an investor and a regular at several such bank auctions announced in the city. 'With the markets set to look up this would be good time to target these auctions."

In Mumbai and its suburbs, according to Magicbricks data, an estimated 20,000 apartments and about 1000 homes are in the process of being notified, seized and auctioned off as home loan borrowers stop paying their monthly EMIs.

Read entire article on http://mchithane.org/Auction-properties-up-for-grabs-in-Mumbai.html

About us

MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.


Contact us at -  (+91) 9833 4583 23 or Email us -  mchithane@gmail.com

501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India

Mahindra Lifespaces to host ‘Happinest Homefest’

Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the USD 16.5 billion Mahindra Group, announced the launch of the second phase of its affordable housing project – HAPPINEST - in Boisar, a suburb of Mumbai, on the occasion of Gudhi Padwa. 

The second phase of the Happinest project, with unit prices starting from Rs 11 lakhs onwards is targeted at the rising Indian middle class. This project is aligned with the Mahindra Group’s philosophy of enabling people to ‘Rise’ and driving positive change.

Sriram Mahadevan, Business Head, Happinest, said, “We have received an overwhelming response to our first phase, having sold over 300 flats since the launch in Diwali. Built on the three pillars of Trust, Better Living and Affordability, Happinest is focused on serving the large underserved home ownership market. The launch of the second phase signals our continued efforts to create thriving communities and enable a larger cross section of people to fulfil their dreams of owning a home in a safe, secure and healthy environment.”

Read entire article on  -  http://mchithane.org/Mahindra-Lifespaces-to-host-Happinest-Homefest.html

About us

MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.


Contact us at -  (+91) 9833 4583 23 or Email us -  mchithane@gmail.com

501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India 

E-registration of flats launched in Virar

Six months after the Maharashtra government launched the E-registration system, a Bandra based real estate developer has become the first realty company to launch the unique system in Palghar district.

Ekta World has set up the system with latest technology to offer E-Registration facilities for their 2,917 customers in Ekta Parksville, a township project having a built up area of 22 million sq ft at Virar.

Under the new system, customers can register their property by simply visiting the developer's office in Bandra (east) at a time convenient to them. In lines with the process currently followed by the state government's stamp duty and registration department, all the relevant documents like agreement to sale will be scanned by the developer in his office.

Read entire article on  -  http://mchithane.org/E-registration-of-flats-launched-in-Virar.html



About us

MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.



Contact us at -  (+91) 9833 4583 23 or Email us -  mchithane@gmail.com

501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India

Real Estate News | Changing realty market of Rabale

Real Estate News | Changing realty market of Rabale

Changing realty market of Rabale

March 16, 2015




Considered an unsung hero of Navi Mumbai's realty, Rabale's
realty market grew well in the initial stages when Ghansoli and Airoli
saw a splurge in commercial development. At that time, Rabale was known
as an industrial hub which employed a sizeable population earning enough
to own a home in the nearby areas, which were then villages. With time,
as the area and profile of the workers changed, the locality saw
concrete buildings coming up in place of small residential houses. This
not only gave hope of better living to those who were employed locally
but also brought fresh spirit to Rabale's real estate market.



Read all Real Estate News Mumbai at - http://mchithane.org/real-estate-news-thane.html

Real Estate News Mumbai | Thirty of India' s 68 billionaires live in Mumbai

Real Estate News | Thirty of India' s 68 billionaires live in Mumbai



Thirty of India's 68 billionaires live in Mumbai, making the country's financial capital sixth on the list of 20 global cities surveyed in the Knight Frank Wealth Report 2015 released on March 9. 

Planning to live among the billionaires? Check out the high-end properties in Mumbai -

On top of the billionaire population list is New York with 114 followed by Moscow (91), Hong Kong (53), London (49) and Beijing (37). With 68 billionaires, India has been ranked seventh of the 97 countries surveyed in the report. USA heads the list with 515 billionaires (see chart). The report stated that Mumbai's billionaire population will grow 110% by 2024.

Read entire story at - http://mchithane.org/Thirty-of-India-68-billionaires-live-in-Mumbai.html 

Read all Real Estate News of Mumbai only at - http://mchithane.org/real-estate-news-thane.html

 

Navi Mumbai International Airport project back on track

According to CIDCO, the Navi Mumbai International Airport Project has four good bids now.
The Navi Mumbai International Airport has been conceptualised as the eighth largest in the world, spread over an area of 1160 hectares to handle 60 million passengers a year and at an estimated cost of Rs 14,500 crore. Mumbai's dreams of becoming the first city in the world to boast of two airports never took off as the city developer CIDCO was unable to acquire land from farmers. But this all is set to change, reports CNBC-TV18’s Alexander Mathew.

According to CIDCO, the Navi Mumbai International Airport Project has four good bids now.

Read entire article on  -  http://mchithane.org/Navi-Mumbai-International-Airport-project-back-on-track.html


About us

MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.

Contact us at -  (+91) 9833 4583 23 or Email us -  mchithane@gmail.com

501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India