Luxury Homes in Panvel

The panvel is now the fastest growing locality in the Raigad district of Maharashtra. Panvel is now on the map as the real estate hub of Mumbai. With its natural backdrop, Panvel has the advantage to give you a lifestyle that is filled with a lot of earthly features . Its proximity to the Western Ghats also makes it one of the best outdoor destination where you can trek, do bird watching, visit an park, etc. But what if you have Property in Panvel ? What if, instead of coming here once in a while you Buy Flat in Panvel and live here? Here we list some amazing outdoor activities that you can do with your friends and family once you buy Property in Panvel. 1. Trekking to Karnala Fort: Karnala fort is famous as a trekkers spot. This is a beginner level trek. The Karnala fort is also known as the Funnel hill. The fort is surrounded by greenery and is the best place to visit in monsoons. The route to the fort is marked as the fort falls under the protected area of the Karnala ...

Planning to buy your dream home in 2019? Here are some of the dos and don’ts that can make it easier for home seekers to raise the down payment and service the EMIs Finance is one of the most important determinants, when it comes to buying a house and most of the other considerations revolve around this. As a property purchase is often a once-in-a-lifetime decision, it is essential to evaluate your funds accordingly. to Buy Property in Navi Mumbai , one nowadays has to utilise their savings and also opt for a house loan. The process of taking a loan has also become simpler, with a majority of people opting for it. Nevertheless, there are some basic principles that one can follow, to plan your finances for buying a house this year. 1. Pay off all your existing debts You can never assess your net worth, if you are debt-laden. Any partial payment towards this debt, will show up poorly in your credit ratings and this may affect the house loan process. Paying off your debts co...

Cash-starved Dewan Housing Finance Corporation Ltd (DHFL) has decided to restrict premature withdrawal of deposits and stop accepting fresh deposits, as part of reorganising its ‘liability management’ efforts, sources said. “In view of the recent revision in the credit rating of our fixed deposit programme , acceptance of all fresh deposits, as well as renewals, have been put on hold with immediate effect. Further, to help us reorganise our liability management, the premature withdrawal of deposits has also been put on hold. This is completely under NHB regulation,” one of the sources said. National Housing Bank (NHB) norms do not allow companies to raise deposits, if they do not have an investment grade rating. According to the sources, the company will continue to honour its all premature deposit withdrawal requests, in cases such as medical or financial emergency, provided the customers produce valid documents. “Over the last few weeks there have been several unwarranted ...

While a fire has many causes and the authorities are quick to pin the blame on the society and residents for poor upkeep and storage of hazardous goods on the premises, seldom are fingers pointed at the fire officials who issued permits to such hazardous structures in the first place. It is no secret that such buildings are in essence ‘vertical slums’, with 20-storey towers cooped closely together, leaving no room for ventilation, sunlight, open space or enough access space for heavy fire engines. The final outcome is a death trap, which, tragically in a crowded city like Mumbai, is turning into an inferno with frightening regularity. Development Control Regulations for fire safety As per the requirements of Development Control (DC) Regulation 29, any building having a height of more than 24 metres, must compulsorily have open space of six metres or more, around it. However, builders are quick to flout this by getting illegal ‘condonations and relaxations’ from the planning autho...

The developer community in Mumbai feels that the Supreme Court order that cleared the way for execution of Mumbai’s ambitious infrastructure projects – the Coastal Road and Bandra-Varsova Sea Link (BVSL) – will bring about a sea-change in the land-starved city. The slew of various infrastructure projects will improve connectivity and decongest the prime locations of the city, said Abhinav Joshi, Head of Research at CBRE India. Quoting a survey by bizbuzzindia.com, Joshi said it will also significantly impact the property prices in the vicinity besides giving a fillip to the demand for commercial and office spaces in the area. The new corridor would be a shot in the arm for connectivity between the suburbs and the main commercial business district. It will reduce travelling time to 12 minutes from 60 minutes Due to improved connectivity from the farther suburb, the crowded areas of Andheri, Chembur, Ville Parle are expected to be decongested and the excessive pressure on the ex...

Damage to properties due to natural disasters, is one of the gravest financial setbacks that one may come across in life. The floods in Kerala in 2018, caused damage worth several thousand crores to property and made a large number of people homeless. “While humans cannot avert natural calamities, one can certainly protect their homes against them and minimise the loss or damage. Insurance is the first cover, on most people’s list . However, very few people take home insurance in India. Even though it is affordable, less than one per cent of people end up buying it,” says Amit Wadhwani, managing director, Sai Estate Consultant Chembur Private Limited. Buying a comprehensive home insurance policy will ensure that a home buyer can be safeguarded against financial losses, if any event occurs. The policy can cover all types of natural and man-made disasters, including floods, earthquake, terrorist attacks and even robbery. Puneet Sahni, head-product development, SBI General Insuran...

Buying a home involves several legal and financial obligations. To distribute the burden of buying a home, people often opt for joint ownership, with relatives, especially the spouse. “The general view, is that it is a good idea to buy a home in co-ownership. However, each person can enjoy the tax benefits, only if they have separate and genuine sources of income. Also, if any legal dispute arises over the property, then, all the co-owners will be involved in the case. So, home buyers should evaluate all such possibilities, before making a final decision,” cautions Jeevan Kumar KC, head – investment advisory services at Geojit Financial Services. For a house which is under joint ownership between a husband and wife, problems may arise if the couple opt for a divorce. In such situations, it becomes necessary to determine who will get what portion and how the loan responsibility will be distributed. Liability of home loan repayment, for a jointly owned property “All co-borrow...

With skyscrapers increasingly coming up cities, an important concern for home buyers, is whether these buildings are safe, especially considering that several incidents of fire have been witnessed in metropolitan cities, in the last couple of years. A robust fire-fighting system is a crucial aspect of a building’s safety plan, regardless of whether it is a residential/commercial, hospital or educational premises. “In case of old buildings it is necessary for the fire department to take steps, to create awareness about fire safety among the residents of the building. In case of new constructions, it is imperative for developers to follow the legal framework for safety requirements. Apart from following the norms laid out by civic bodies for approvals, developers can add value, by selecting fire-resistant materials for constructions,” says Parth Mehta, chairman and managing director, Paradigm Realty. Role of developers in fire safety Aditya Kedia, managing director of Transcon D...