Tag Archives: property investment

What precautions you should take with the rising building collapse in Mumbai?

Lately, there have been many cases of building collapses, which is badly affecting the real estate market of the city. The alarming rate has bought under the radar the poorly constructed structures and the old buildings that require immediate attention from the government authorities.

Let’s get to know the reasons behind the recent collapses:

  • Poor construction on part of the developers
  • Using land illegally to develop buildings
  • Violating real estate policies
  • Construction done in haste
  • Lacking required approvals & certifications from authorities

The reason that locations like Thane, Dahisar, Ghatkopar and other towns have seen destruction of such structures is the rising population and land shortage in the metro city, which giving opportunities for bogus developers to construct modern building with poor materials.

To ensure that you do not get entangled in such situations, here are some precautions you can take:

Look for earthquake resistance properties:
hqdefaultNow-a-days, almost all builders are constructing properties which are earthquake-resistant that makes a structure capable to withstand seismic waves. Earthquake resistant buildings are often fitted with bolts in the foundation. One can also consult an engineer for inspection of home to know if the home is earthquake resistant and safe.
When it comes to checking the legal foundation of a property, you can ask to the builder/developer for a foundation certificate of a property.

Beware of construction land & area:
map-mumbai-new-01Residential properties constructed on commercial zone are considered illegal. To examine land record, you can seek help from RTI, as well as obtain details from online portals of state governments. Moreover, builders are required to get structural design cleared from authorities & certified from registered structural engineers.

Check for legal approvals:
housing-approval-from-councilIn case of under constructed properties, it is mandatory to evaluate approvals and certifications, including sale deed (a proof of sale), mother deed (helps to trace antecedent ownership of the property) certificate of commencement, NOC, Booking form, allotment letter, BBA, completion certificate, occupancy certificate, encumbrance certificate, among others.

Building codes:

BuildingCodesBefore a prospective buyer decides to invest in a property or buy a new home, it is mandatory on their part to check for building codes, which is basically a set of regulations by the Indian government related to design, construction, alteration and maintenance of buildings.

So, the next time when you’re searching for homes, do keep in mind these points. If you’re looking for earthquake-resistant properties in Navi Mumbai or Mumbai, get in touch with Akshay Argade, where you will find luxury properties in  Navi Mumbai and Mumbai.

The New Age Buyers: How The Millennial Trends Is Redefining The Real Estate In India

Property investment is one of the most important decisions and making sure that you pay attention to every bit of the home buying process is necessary. Searching for your dream home is definitely a tumultuous ride as you come across ads that you will find on social media, newspapers, TV or for that matter on radio. Although, finding homes is still an essential phenomenon, but the parameters of purchasing a new home in Navi Mumbai have not remained the same as earlier. This is collectively due to urbanization, shifts in family structures, spending patterns & many other factors. The new age buyers are redefining the norms of moving into a new home. Related to this, a study indicates that 65% of millennials aspire to buy a property in the future without compromising on the quality of life.real esate(3)

Rental Homes:

Indian millennials consider renting out spaces as the best option rather than purchasing a new home. According to a survey carried out By the world’s largest real estate consulting group, CBRE Group Inc, indicates that 82% of Indian Millennials live with their parents and 25% of these have no intention of leaving the family home and 25% of Indian Millennials have no intention of leaving the family home.

Social Media:

Digital savviness and millennials go hand-in-hand as they are the first generation to have access to internet right from their adolescence. This generation of audience is more inclined towards technology and the Internet. Right from shopping to searching homes, Millennials are more influenced by visiting social media & other websites when they want to invest in a property.

The use online resources are not just limited to search of new homes, even when calculating mortgage costs or getting loan approvals, Millennials chose the internet medium.

More Transparency:

The generation seeks transparency when buying new homes. While researching for homes, they always prefer to do 80% of inspection themselves as they value transparency rather than risking in half-knowledge information. They believe in being 100% sure that their investment has proper returns.

Location Convenience:

When buying a new home, millennials consider choosing a location, which gives them the flexibility to be close to their workplace. In addition, this indicates that convenience is an utmost priority for the crowd as it allows them to spare time engaging in social activities at large.

The trend of home buying strategies among millennials is changing, which means real estate developers in India would have to use new marketing methods to reach new prospects. If you’re looking out for luxury properties in Navi Mumbai, visit our website.

Should you start investing in real estate at a young age?

Investing in real estate in your twenties is tough considering money is the most important constraint. If you’re one of the few lucky people, who have inherited a large sum of money from your folks, then investing in property is easy. Today, investing in real estate is more precious than putting money into gold. It’s true that the risk associated with property investment is larger, but this  could turn into a valuable asset in the future. We help you to know whether it is good decision to invest in real estate, read further to know more.
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Regular cash flow:
Whether you’re seasoned or first time real estate investor, make sure you have set your priorities. As a young property investor, you may be having several goals and one of them could be attaining consistent cash flow or capital gains. One way to generate capital gains is to buy a property that has low retail value in the market and then selling it at a higher price. For judging the price fluctuations, make sure you are aware of the price rise that may vary depending on the market conditions.

Huge return on investment/ Appreciation:
When you’re in 20s, real estate investment gives you the opportunity to earn extra income. Don’t let any money sit idle, it is advisable to invest in property. You can gain decent profit by holding properties for a few years. Depending on the location advantages and market conditions, make sure you’ve picked a perfect property that yields maximum profit. However, it is good to remember that this industry should be looked at as a long-term investment.

More time to learn:
As a young investor, you have ample of time to learn and assimilate knowledge on investing. If you’ve done any mistake, you have more time to recover from the loss incurred. Being an expert in real estate gambling game is all about learning new things. In fact, if you have acquired the right skills and applied the tactics about investing, then you can also become a consultant in the long-run advising people on the profitable opportunities.

Tax advantages:
For working professionals, investing is also way to save on income tax. Just like Public Provident Fund (PPF) and Insurance, which help to prevent tax cut, you are eligible for tax exemption on interest if you have invested in second property. In case, more than one borrower is involved in the investment, tax exemption option is granted individually.

Build Wealth & retire early:
Most of the times, the pervasive reason behind investing in real estate is accumulating wealth. If you’re passionate about this field, then you will be able to find and quickly resell to end users or to investors. This is one of the best ways to build wealth and opt for early retirement achieving financial independence. You are assured of getting steady income for a lifetime.

When deciding to invest in a risk market, it is necessary that you have the required information and a strategy in place before making any move. Being extremely competitive and challenging, you need to keep in  mind that not every investment will be successful, but eventually some may bring out positive results. If you have decided to invest in property then it is important to remember that good investments take time.

Whether you are looking to invest for a dream home or want capital gains, check out Akshay Argade, which offers amazing opportunities to invest in residential properties.