Luxury Homes in Panvel

Over the past couple of years, Panvel has developed inversely as the new real estate hub in  Navi Mumbai and there isn't just one reason to justify this. The emergence of numerous MNCs, shopping malls, parks, grounds, educational institutions, better connectivity and also the plan of upcoming airport has contributed to Panvel position in the real estate market as a major developing hub in Navi Mumbai with everything to offer – high quality of education, employment opportunities, and a buzzing social life along with its proximity to Mumbai city. The immense burden on Mumbai’s suburban land has made developers look for similar viable real estate options. People are moving to panvel or Navi Mumbai from different cities to live an urban lifestyle, without the excessive pressure of overpopulation and smaller spaces. Having witnessed a lot of changes in the market trends and also the construction of many real estate projects, it is safe to say that Panvel has come a long way. Be i...

A longer tenure home loan gives the borrower a higher home loan eligibility, along with flexibility in repayment and income tax benefits Until a few decades ago, Indians were generally averse to taking loans to buy or construct their homes and would use their retirement funds for the same. However, with increasing urbanisation , easy availability of home loans and higher earnings of the family as a unit, this trend has changed. Now, many individuals are buying their first house even before marriage, by availing home loans. Nevertheless, most borrowers feel that that they should opt for short tenures on their home loans, to be free from debts quickly, without realising the implications. On the contrary, one should opt for home loans with a long tenure of up to 20 years or 30 years. Here are some of the advantages of doing so. Longer tenure loans offer higher loan eligibility - An individual’s home loan eligibility, is determined on the basis of his/her ability to repay the...

Given the role of family and peers when it comes to decision-making and zeroing in on a property, customer loyalty programs are a good way to create influencers out of a brand’s loyal customers . Those rewarded with benefits under such programs, could be the best marketers for a developer firm. At the same time, these consumers/home buyers also gain through such value-added services. While loyalty programs in India for real estate, have not received much publicity, the real estate fraternity maintains that these were always around. However, it is only now that its possible benefits are being taken into account. The concept of customer loyalty programs in real estate With the real estate sector inching towards transparency and regulation, developers and service providers are investing in improving the overall experience of a consumer. A happy consumer is important for marketers, because their word-of-mouth recommendations can help the developer to develop a strong brand ima...

The Goods and Services Tax (GST) Council from March 31, 2019, had cut-down the rate on under-construction residential Property in Navi Mumbai to 5% for normal category and 1 % for the affordable housing category from April 1, 2019. Moreover, the Council has also revised the size of what constitutes the term “affordable home”. According to the new definition, homes with carpet areas 60 sq. mt in metro cities and 90 sq. mt in non-metropolitan areas, valued at up to Rs 45 lakh, will now be categorised as affordable housing. Previously, the limit was a uniform carpet area of up to 60 sq metres for a house to be qualified under the affordable housing segment. However most developers did not react positively to this announcement because they were worried about its impact on the input stock they had already bought before as a part of their long-term purchases . This resulted in most Builders in Panvel charging an incremental basic sale price from the buyers. This in turn negated t...

Some people believe that their children manage to do well in exams, without putting too much effort. On the other hand, others may feel that their children study all the time but they fail to perform well in exams. Vastu Shastra experts maintain that your home’s energy balance plays a big role in your child’s education and growth. While this impacts people of all ages, children are more influenced by it. As they grow and flourish in the home, forming habits and opinions, the Vastu of the house is instrumental, for shaping their future. If the Vastu and energy flow is right, then, it will support their concentration towards studies. Which is the ideal place to study at home, as per Vastu Shastra? The ideal place to study, depends on the age of the child, says Vikash Sethi, CEO and founder, A2ZVastu.com. “If the child is in secondary school, the best place to study is the north-east of the house and facing east, while studying. If the child is preparing for competitive exams ...

With the General Elections of 2019 giving a clear mandate for Narendra Modi to return as prime minister for a second term, the real estate sector is optimistic, as this would mean a continuation in policies. The government took several major policy decisions in the last three to four years and industry players and the middle-class buyers, are now expecting the benefits of these decisions to start showing. “Over the past few years, the government has introduced reforms, such as demonetisation , the Real Estate (Regulation and Development) Act (RERA), the Goods and Services Tax (GST), changes to the Benami Properties Act and bankruptcy laws, all of which have changed the paradigm of real estate. The government also created affordable housing as a segment. The past couple of years can be best described as a period of ‘short-term pain for long-term gain’. We should now see the positives impacting the real estate sector,” says Niranjan Hiranandani, president, National Real Estate Deve...

This year, the theme for World Environment Day is air pollution. Numerous researches have pointed out that Indian cities are among the most polluted in the world and this includes Gurugram, Ghaziabad, Faridabad, Bhiwadi, Noida, Patna and Lucknow. Delhi too has witnessed severe air pollution, the long-term effects of which can be devastating. Need for the construction sector to invest in sustainability According to the Global Construction Sustainable Materials Market Research Report 2019, 23% of air pollution is caused by construction and related activities. At the same time, in India, the construction industry’s contribution to GDP rose to 9% in 2017 and is expected to increase to 15% by 2030. Consequently, this sector can significantly mould India’s environmental future, through heavy investments in green and sustainable practices. Identifying the ‘green’ stages of construction When it comes to green constructions, Sunita Purushottam, head – sustainability at Mahindra ...