Home loan interest rates expected to come down

The inflation rate is under control and the given macroeconomic factors could lead to the RBI bringing down the key rates in its next monetary policy review later this month. The next Credit Policy review is due on September 29. As always, there are expectations of a reduction in the key interest rates. The expectations are strongly supported by the ground realities and requirements. Bankers expect the Reserve Bank of India (RBI) to cut the key rates later this month as the inflationary pressures seem under control.

The industry is already pushing strongly for a rate cut. The RBI has already made a 75 basis percentage points reduction this year in instalments. It is to be noted that although the inflationary pressures are still not completely under control, the government's food management and the minimal rise in support prices of farm products should help in keeping the inflation rate under control.

The RBI has observed that 'so far the inflation outcomes have closely tracked the projections'. A reduction in the key rates is also called for because of the stressed balance sheets of corporates and banks, low capacity utilisation, low oil prices and depreciating rupee.

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

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   

Mid-segment market finding more buyers

Options in the Rs 50-80 lakhs price range coming up in areas close to the city as well as near the IT hubs are finding more demand. They work well as an investment too. Since the last decade, Bengaluru has witnessed a steady influx of professionals into the city and rising demand for residential options. This has led to a horizontal expansion of the city's limits, with apartment clusters in new locations. Options in the Rs 50-80 lakhs price band is garnering interest from homebuyers as these options are located within easy commuting distance from the city center and work well as an investment too.

Shrinivas Rao, CEO Asia Pacific, Vestian Global Workplace Services, elaborates, "This is one of the most preferred price brackets as 40-50 percent of the ITITeS employees affordability lies in this segment. Hence, apartments in this category are present in the vicinity of traditional ITITeS corridors on Whitefield, Sarjapur Road-Outer Ring Road (ORR) and Electronics City."

Vestian's research analysis observes that owing to limited availability in the below Rs 50 lakhs segment, the price bracket between Rs 50-80 lakhs has become a favoured choice for most first-time property buyers.

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

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   

10 reasons to invest in Mumbai market now!

Despite being the costliest real estate market of the country, Mumbai’s realty holds a special place for people in the city. Aanchal Mehra, a software engineer in Mumbai, earns over Rs 15 lakh per annum.

Mehra is confused whether she should invest in realty or stock market to park the extra money she has accumulated over the years. Looking at the sluggish market, she isn’t sure of either - as the stock market is unstable and the realty sector is slow.

Like Mehra if you are a tad bit confused, we bring you the top reasons why investing in Mumbai realty is a wiser option.

Surplus options to choose from

As per Magicbricks data, currently there are over 1 lakh property options available in Mumbai and nearby region. Majority of them are in Mumbai and Greater Mumbai while Navi Mumbai and Thane also has over 40,000 options to choose from.

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

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 housing is all set to gain a new fillip

Affordable housing

With the identification of 305 cities and towns across the country under the Housing for All Mission, affordable housing is all set to gain a new fillip in the country. The government intends to provide housing to close to 2 crore families belonging to the economically weaker section of the society, by the year 2022. Also 15 states have signed a Memorandum of Agreement (MoA) with the Ministry of Housing and Urban Poverty Alleviation for implementation of reforms that are necessary for the success of the housing mission.

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

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   

Magicbricks' users define smart cities

Magicbricks asked its users how smart are the cities they live in and what does ‘smart’ mean to them? We received an overwhelming response as you openly shared feedback on your cities. You talked about the limitations that prevent your city from being qualified as a smart city.

The common sentiment that came from your feedback is that basic features such as robust transportation system, waste management and water, power amenities are missing across cities. Almost all of you have raised serious objection to the way your city works and the way municipal bodies take care of their duties. Till the time the government doesn’t fix the foundation of the cities, smart cities will remain a distant dream.

Let us read what the users have to say.

Aligarh, not a smart city, writes S K Nagar from Aligarh

I live in Aligarh, Uttar Pradesh, and from nowhere can this city be evaluated as a Smart City.

The main problem is with the civic sense of the residents. Cleanliness is miles away. Drains are always choked with trash and odd material. There is no road sense. No proper parking place. People park their cars wherever they like and there is no one to tell.

Roads get congested and it is very difficult for pedestrians to walk freely. There is an area called Mamoo Bhanja. Once upon a time, it was a very peaceful place but today, it is full of shops, especially apparel retail outlets and has become a nuisance area.

Read entire article on http://goo.gl/5oPHR0

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    

Where to retire near Mumbai? Check out Panvel

Ever thought of spending your old age in the woods and enjoy suburban living experience while watching the sunset from your garden? If yes, then Panvel offers the best opportunity to fulfill your retirement dreams without stressing your pocket.

Easy availability of land banks have attracted developers to come up with villas and bungalows at a starting price of Rs 40 lakh. Several developers are pitching the soft launch of their projects at even lesser prices than this.

“The concept of villas sound feasible for the ‘would-be retirees’ as these projects and areas will get ready in another five years or more,” says Mohd. Yusuf Rashid Khan, managing director, New Town Properties Pvt Ltd.

As per Magicbricks data, over 10 projects are active in Panvel, offering residential houses in the price range of Rs 19-60 lakh. Most of these projects are like townships that have multiple property types within the same campus.

Although, areas like Airoli and Kharghar also offer similar property options but lack of privacy and unaffordable cost drives away buyers to fringe areas like Panvel and Dronagiri where property prices are still at a lower level.

Read entire articel on http://goo.gl/k2hEJ5


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   

Builders trim average flat sizes by upto 26%

Average apartment sizes fell by up to 26 per cent in last five years across seven major cities as developers are making smaller flats to boost their sales in a sluggish housing market, according to global property consultant JLL India. To beat slowdown in the real estate market, particularly residential segment, builders are cutting the flat sizes but not reducing the housing prices.

Mumbai Metropolitan Region (MMR), including Mumbai, Thane and Navi Mumbai, witnessed the maximum fall in apartment sizes on annualised basis, along with Bangalore, Chennai and Kolkata. Other cities -- Delhi-NCR, Hyderabad and Pune -- also witnessed varying degree of fall in median apartment sizes.

"Builders are exploring innovative ways to make residential housing across major cities more appealing to potential buyers at a time when it is increasingly becoming difficult to sell expensive apartments.

Read entire article on http://goo.gl/O4Gvgz

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