Luxury Homes in Panvel

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...

The sale of immovable property, which is held by an individual for more than 24 months, attracts long-term capital gains (LTCG) tax of 20 per cent on the profit (net consideration minus expenses incurred towards sales and purchase, indexed cost of improvements and indexed cost of acquisition). In the budget 2014-15, it was clarified that only one house could be purchased or constructed from the capital gains, to claim exemption on LTCG tax. “This restricted reinvestments into the real estate sector and prompted home buyers/ investors to look for other avenues, such investment in specific bonds and capital account schemes, to save tax,” says Abhinav Joshi, head of research, CBRE India. Budget 2019-20 proposals on long-term capital gains from property However, the recent announcement of rollover of capital gains in budget 2019-20, has relaxed the restriction of investing in one property to two properties, which will encourage home buyers and investors to invest in the sector. ...

The living in an urban jungle and living the fast-paced life is equally thrilling and overwhelming. Life in India’s largest city in Navi Mumbai means learning to appreciate the daily turbulence and traffic chaos, while savoring life in the most cosmopolitan city on the subcontinent. Buy Ready Possession Flats in Panvel. Panvel, Navi Mumbai is where the country’s future is being forged, and gleaming towers and a new middle-class co-exist with sprawling slums to rich class with mind-boggling luxuries. The city entices people from all over India and from nations around the world, and its upwardly mobile skyline is a statement of its global ambitions. When we think of the city like Navi Mumbai besides all its glitzy façade, the city is also famed to be known as one of the most expensive realty markets in India. So, here’s the question; would you like to own a house of your own in the Navi Mumbai city? Though intimidating, the answer would most likely be a Yes. Buy your dream house P...

The area of a property is often calculated in three different ways – carpet area, built-up area and super built-up area. Hence, when it comes to buying a property, this can leads to a lot of disconnect, between what you pay and what you actually get.  Not surprisingly, the maximum number of cases registered in the consumer courts, are against developers on the issue of cheating, vis -à- vis the size of the flat. According to the provisions of the Real Estate (Regulation and Development) Act, 2016 (RERA), it is now the duty of the developer, to make buyers aware of the carpet area and quote prices based on this and not the super built-up area. Gautam Chatterjee, Maharashtra RERA chairman, explains that “It is now mandatory for the developers of all ongoing projects, to disclose the size of their apartments, on the basis on carpet area (i.e., the area within four walls). This includes usable spaces, like kitchen and toilets. This imparts clarity, which was not the case ear...

Owning a house is a milestone for many, whether you are planning to buy the apartment of your dreams or invest in a Property in Panvel . Whether you are a first-time property buyer or a seasoned real estate investor Projects in Panvel , there are some points everyone has to keep in mind before finalising on a property. Few of them include fixing a budget, sticking to a cost range and managing finances. However, contrary to popular belief, purchasing a property doesn't have to be a tedious affair. Here are a few helpful tips for maximizing your savings while investing in a Property for sale in Panvel . Start S aving : The first thing you want to consider before buying a house is how to save money. A house loan only covers 80% of the total property cost. So the remaining 20% require to come from your savings. A good idea would be to ensure you have more than the needed 20%, as that would be the best way to save money. It will shorten your loan payment period and reduce...

The interim budget 2019 of the Narendra Modi government, is no different from previous budgets of India, where the demands of the real estate industry and buyers revolve around the housing market only. This can lead one to wonder, whether there is any space for commercial real estate in the interim budget. The ground reality is that the commercial real estate segment is just about one-fourth of the residential market. Nevertheless, it is the demand for office space that indicates the future road map of the real estate business. The demand for office space is generally the outcome of a healthy economy that creates more jobs, thereby, leading to greater demand for housing. This increase in consumption demand, is reflected in the growth of retail real estate. Announcements in the interim budget 2019 that could have a direct bearing on commercial real estate Job creation (However, any move in this direction, could be seen as one motivated by political gains in mind) Relaxed FDI fo...

The year 2018 was one of transition for the realty sector as goods and services tax (GST) and Maharashtra Real Estate Regulatory Authority (MahaRERA), introduced a year earlier, made their impact on the industry. The slowdown in the realty sector continued, though sales improved marginally after October. There was no revival in the sector though with the non-banking finance companies (NBFCs) crisis towards the end of the year further affecting investments. The homebuyer stayed in focus as builders tried to woo them with sops like price cuts and incentives as well as flexible payment options to buy homes. Builders also did not venture into luxury houses and instead focused on creating small, compact affordable houses, aimed at the budget homebuyer . Despite this, there was no major price correction in the sector. According to Anuj Puri, chairman of the property consultancy firm, ANAROCK, 2018 was a transitory phase. “Though MahaRERA and the GST were unveiled in 2017, th...

On January 9, MahaRERA set aside the plea of over 10 flat buyers who had wanted to exit from a project in Mumbai, stating that bulk withdrawal from the project may mean ‘ jeopardising completion of the project’ and impact the remaining 500 home buyers. The 13-odd buyers had booked units worth Rs 7.5 crore each in the 65-storey Island City Centre project in Dadar constructed Bombay Realty, an arm of The Bombay Dyeing & Manufacturing Company, way back in 2012. They had alleged that the builder had made ‘false assurances regarding amenities and made changes to the carpet area and overall layout of the project’. "Keeping in mind the larger interest of approximately 520 allottees of the said project, allowing bulk withdrawal from the MahaRERA registered project to so many complainants at this stage would mean jeopardising the project completion. Money for the refund will have to be taken out from the separate account, which is meant specially for the completion of the...

Under the RBI’s guidelines, a non-resident Indian (NRI) is allowed to purchase certain types of properties, while other forms of realty may require special permissions. Any non-resident Indian (NRI), who is interested in buying a property in India, should be aware of certain legal provisions pertaining to the purchase or owning of an immovable property in India under the Foreign Exchange Management Act (FEMA). NRIs and persons of Indian origin (PIOs) are treated at par, for the purpose of investment in real estate. Types of properties, where NRIs or PIOs can invest The Reserve Bank of India, through a circular, has given general permission to NRIs, to purchase any residential or commercial property in India. The investor need not seek any specific permission from the RBI, nor is he required to send any communication or intimation in this regard to the RBI. Under the existing general permissions, an NRI can purchase any number of residential or commercial properties. The inco...

Panvel has emerged as Navi Mumbai's key real estate market, on account of its comparatively affordable prices, infrastructure development and prospects of good future returns, by way of appreciation Recently, Navi Mumbai was graded the second-best city to reside, in the ‘Ease of Living Index 2018’, launched by the Union Ministry of Housing and Urban affairs (MoHUA). Also, JLL India, in their report ‘Livability Quotient – A Paradigm Shift in India’s Emerging Cities’ had identified Navi Mumbai as one of the best satellite towns, offering relief from the growing densification problems of Mumbai. This reinstates the fact that Navi Mumbai is a well-planned and managed city, at par with international and national standards. Navi Mumbai was developed with an intent to decongest Mumbai and one node in Navi Mumbai that is developing in a similar manner, is Panvel. “Paucity of land and rapid urbanisation in Mumbai, are resulting in a roll-on effect and directing investors to tur...

The festive season is the believed to be the best time of the year to invest in real estate Property in Panvel . Apart from the traditional cultural beliefs that this is an auspicious occasion to mark new beginnings Projects in Panvel , there are many other compelling reasons to invest in real estate Apartments in Panvel  this time of the year. With the festive occasions of Navratri, Dussehra and Diwali round the corner, you can avail of the many attractive seasonal offers Property for sale in Panvel  and invest in the house of your dreams. Here are some compelling reasons to invest in real estate Panvel Property this festive season: Festive S eason D eals and D iscounts:  There’s no better time than the festive season to Buy Property in Navi Mumbai because of the attractive deals and heavy discounts that you get on projects that may have otherwise been outside of your budget invest Flats in Panvel. Keep in mind that these are real deals with hefty dis...

Now a day's internet is becoming a basic necessity of everyone’s life, the trend of buying property online booming from past few years Projects in Panvel. Today, there are a number of portals where one can advertise, buy, sell or rent a Property in Panvel. Major real estate developers and Builders in Navi Mumbai are taking steps to strengthen their online presence where buyers can check prices and design house. In the current scenario where many reputed real estate businesses trying to sell their property online, and with great affordable pricing offers. In that case buyer gets lots of benefits. Book your house Property for sale in Panvel . Advantage of Buying Property Online Research:  The buyer can compare property online, check the correct Panvel Property Rates using a website or portal tools. The buyer can even read project details and locality details, builder review which will help them to select and take decision on the property. Choosing property online have o...

It is important to buy a house for the right reasons. You should be sure you are ready and aren’t just buying because it’s what you are expected to do, or it’s the next step. Often, one tends to lack direction when it comes to spending and saving in their youth. One can spend money mindlessly ,  which might become a regret later. Investing in a house, whether you want to save up or pay EMIs, a part of your income is well utilised for a better today and tomorrow. Gone are the days when one had to reach middle age to have saved substantial cost of money to own their dream house. Buy Luxury Apartments for sale in Panvel . If you are young and you are looking to buy a new house to live in, maybe you should consider turning your first house into an investment Property in Panvel . While most people wait until after they’ve bought their first or second house to begin investing in real estate Projects in Panvel . Nowadays, the scenario has changed extensively where more and more ...