Friday, 27 March 2015

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

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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.

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