6 Essential Points to Evaluate Before Purchasing Your First Home

 Buying a house is one of the most important decisions in life. Having a house, which you can call your own, is a dream fulfilled. However, before you choose that right flat in Mumbai for yourself, there are certain things that you need to keep in mind. You need to tick off these parameters before you sign the agreement.

Here are the 5 points which you need to evaluate before you buy a house:

1. LOCATION

It is of paramount importance that you take into account the locality you will be living in. You need to evaluate it for the following factors:

• * Commute to work and back
• * Amenities
• * Infrastructure
• * Connectivity
• * Security

Living in a prime locality with good connectivity and amenities is crucial. If you plan to spend some years living in this locality, then make sure it has all the above factors.

2. AMENITIES

Amenities define how comfortable your life will be. If you live in a locality where there are no basic facilities such as hospitals or schools, then it is time you switch and buy a new home in a better place. Amenities also mean, the facilities provided by the real estate developer and not just in the locality you live in.

3. INVESTMENT PERSPECTIVE

Your perspective of buying a home is important to consider before the purchase. Whether you are purchasing a flat only as an investment in real estate or you want to live here is a question you need to answer and purchase accordingly. Before you think of how to buy your first home or how to invest in real estate, you need to keep in mind the below vital points:

1. TOTAL COST

Calculate the total cost of the property. Brokers might only give you a basic cost but you also need to consider the following:

• * Internal/External development fees
• * Preferential location charges
• * Parking charges
• * Statutory/club charges
• * Service tax

The final cost of the property will be the total of all the above charges.

2. BUY OR RENT

When you think from an investment perspective then you need to decide whether you want to buy the property to reside or you want to put it up for rent.

4. REAL ESTATE DEVELOPER

Choosing the right real estate developer is the key to purchase the ideal home. Credible real estate builders are the ones who are transparent and comply with all the laws. Below mentioned are the pre-requisites you need to check while buying a house from a real estate developer:

• * Check the title deed of the plan.


• * If you are buying a property in resale, then check for the release certificate. You also need to ask for property tax receipts to ensure there are no pending bills.


• * Verify the land use as per the city master plan. You can get this information from the local office body in the city.


• * You need to check whether the builder has approvals from the local development corporation.


• * The developer also needs to have the required RERA registration. If you are looking for a property in areas such as Navi Mumbai then along with RERA, the projects by the developer also need to fall under the CIDCO rules and regulations.



5. HOME TYPE & SIZE

Home type is where you decide the area, the type (duplex, penthouse), etc. This also includes common areas such as lobby area, staircase, etc. There is a difference between the super-built up area and the carpet area. If you are in need of two bedroom apartments or any such specific requirements, then you should consider the carpet area while buying a house. Indiabulls Real Estate provides apartments, duplex homes and luxury homes ranging from 1 BHK to 5 BHK in prominent localities in Mumbai.




6. PAYMENT PLANS AND SCHEMES

To attract prospective homebuyers, real estate developers also have different payment plans and schemes. The real estate developers have offered subvention schemes, Possession-Linked Plans, Standard-Deferred payment plans, etc as few types of payment plans. Here is important to note that a homebuyer needs to understand these type of payment plans before taking the decision.

Indiabulls Real Estate is currently offering a payment scheme for their residential property in Thane. If you want to buy a flat at One Indiabulls Thane, then you can pay 10% of the payment while booking the house and pay the remaining amount, in slabs of 20%, 30% and 40%, later.

Buying luxury homes is an investment, which is crucial to increase your standard of living. The above-mentioned points can help you make the right decision.

TO KNOW MORE ABOUT AFFORDABLE FLATS IN THANE VISIT REAL ESTATE THANE CREDAI MCHI THANE UNIT

Thane: A Coveted Location for Real Estate Investments

 The Real Estate (Regulation & Development) Act 2016, brought in transparency and accountability in the real estate sector. This has boosted the home buyer’s confidence. The new-age home buyer is now on the lookout for lots of open spaces, pollution-free living environment, connectivity, infrastructure, affordable property rates etc. Thane is one location that has all of the pre-requisites for an ideal location for real estate investment. This city has an abundance of open green spaces, hillsides and water bodies. Here are some top reasons why Thane should be your next investment option for real estate.

1. CONNECTIVITY & FUTURE INFRASTRUCTURAL DEVELOPMENTS

The Thane metro construction will connect the city to significant parts of Mumbai. It is the first ever-metro construction in Thane. The Wadala-Kasarvadavli Metro-4 is set to connect Thane and Wadala with 22 stations from Wadala to Kasarvadavali- Godhbunder road via Ghatkopar, Mulund and Teen Haath Naka. Many localities in Thane will be benefited from this project. Areas such as Vasant Vihar, Pokhran Road No 1 & 2, Majiwada, Godhbunder road, all come in the construction line of the project. It also connects to the Thane-Bhiwandi- Kalyan Metro Line 5. Thane is also well connected by road and rail to other parts of Mumbai and Navi Mumbai.

2. NATURAL BACKDROP

Even though Thane is a city of hustle, there are still many green spaces to look out for. The Upvan Lake, Gaimukh Creek, and The Yeoor Hills offer some unmatched beauty and calm. When the city gets too much for you and you need a break, you can set out to these places, which are right in your backyard. The Upvan Lake in Thane sees festivals such as the Sanskruti Arts Festival and many such events the whole year round. Yeoor Hills is a treat to the sore eye. Located in the Sanjay Gandhi National Park, it is a perfect picnic spot for you and your family. If you want to invest in a property in Thane with a natural backdrop, then you have come to the right place.

3. NIGHT LIFE JUST LIKE SOBO

Thane is a foodie’s delight with many classy restaurants and hip cafes. Popular restaurants such as Soda Bottle Openerwala, Hitchki, The British Brewing Company, The Irish House, etc are all teeming with people. If you have flats in Thane, then every weekend is fun-filled and exciting.

4. OTHER AMENITIES & FACILITIES

Thane has many famous hospitals, schools, and malls. Hospitals such as Jupiter, Bethany, Fortis, etc all provide best-quality healthcare. Schools such as Smt. Sulochanadevi Singhania School, St. Xavier’s English School, Orchids International School, C.P. Goenka International School provide the best education in the city. Viviana Mall is one of the biggest malls in Thane, which houses many international apparel brands, a good number of restaurants and much more.

There are many residential projects in Thane, that can give you access to the above advantages. These are the prime reasons why you should invest in a property in Thane. The city is set on a path of growth. It’s cosmopolitan culture is an added advantage.

TO KNOW MORE ABOUT PROPERTY IN THANE VISIT REAL ESTATE THANE CREDAI MCHI THANE UNIT

Thane: The Journey Of Constructive Work

For an organisation which has been recently set up, and is seeing its first change of President, we the Gen-Next of Thane's real estate development have aspirations of doing constructive work during my tenure as President.

The Youth Wing of CREDAI-MCHI Thane has done a lot of work in the recent past. I am thankful to my IPP, Manthan Mehta, who has set a good pace and under his Presidency, the Youth Wing has achieved a lot. Going ahead; we have planned out our activities and will be fulfilling the same.

We will also co-ordinate and participate in activities being carried out by the Youth Wing of CREDAI-MCHI. In Thane, we look forward to multi-faceted activities, with the Youth Wing supporting the elders. This year, we will particularly look at knowledge events and marketing activities to help market Thane as a city. Since I have just taken over, I will not say much right now; and I hope that our work will speak for itself. I look forward to seniors Mentoring us, and helping us grow with the association in a holistic manner.

Jay Vora,
President, Youth Wing

TO KNOW MORE ABOUT REAL ESTATE IN THANE VISIT REAL ESTATE THANE CREDAI MCHI THANE UNIT