Tuesday 27 June 2017

Purchasing Tips


1. Is land a superior speculation when contrasted with the share trading system?


The land showcase is like the share trading system, with its pinnacles and troughs continually appearing to bode well all things considered. Likewise, both markets mirror the economy of the nation and offer great venture openings. In any case, the dangers must be comprehended alongside the open doors. Realty record will acknowledge five times, however not the share trading system.
Putting resources into stocks:
The overall revenue innate in stock speculation has dependably been higher when contrasted with other resource classes. Securities exchange speculations offer favorable circumstances, for example, liquidity and adaptability, which land does not. Stocks likewise offer development rates that the land market can once in a while coordinate
Putting resources into land:
Home proprietorship is the most essential type of land venture. Not at all like stocks, land is a substantial resource that accommodates more prominent mental solace, security and fulfillment. Additionally, the arrival on speculation for land is sensibly steady in view of the marvel of property appreciation. Securities exchanges are far less unsurprising.

2. What per penny of aggregate wage should a man in the age gathering of 25-39 years put resources into land?


At a youthful age, you can contribute 300 for every penny of your aggregate resources by getting for your first house. Specialists trust that your aggregate regularly scheduled payments ought not surpass 30-35 for each penny of your gross month to month wage. This is a decent beginning stage and you should work towards diminishing that number over some stretch of time.

3. What per penny of aggregate salary should a man in the age gathering of 40-60 years put resources into land?


At a youthful age, you can contribute 300 for every penny of your aggregate resources by acquiring for your first house. Specialists trust that your aggregate regularly scheduled payments ought not surpass 30-35 for every penny of your gross month to month wage. This is a decent beginning stage and you should work towards diminishing that number over some undefined time frame of the city, on the off chance that it is from a decent designer and fits your financial plan, yet at the dispatch organize and when you leave, you get some esteem appreciation. That turns into your seed cash. Most banks enable you to leave one advance and take another. Along these lines, you would sell be able to off the littler valued property in a fringe area and utilize that as seed cash to purchase where you might want to remain. Else, you will dependably be behind the market as far as back.

Upcoming Project in Ghodbunder Road Thane
Credit : freepik.com

4. What is the most ideal route for a first-time purchaser to set a financial plan to buy a home?


Numerous new home purchasers get energized and neglect to consider the measure of cost they have to pay to secure a home. Over-desire from your pay would put be able to you in a budgetary anxiety. Your EMI ought not be progressively that 30-40 for each penny of your bring home compensation. On the off chance that the property showcases in your city are extremely costly and you can't manage the cost of the property that you need to remain in, put resources into whatever is reasonable even in the fringe of the city, in the event that it is from a decent engineer and fits your financial plan, however at the dispatch organize and when you leave, you get some esteem appreciation. That turns into your seed cash. Most banks enable you to leave one advance and take another. In this way, you would sell be able to off the littler valued property in a fringe area and utilize that as seed cash to purchase where you might want to remain. Else, you will dependably be behind the market regarding fund.

5. At the point when is the stamp obligation expected to be paid?


When all is said in done, there is Stamp Duty to be paid each time there is an exchange of proprietorship. It is ascertained on the premise of the aggregate estimation of your property. The sum to be paid changes from city to city.

6. What are the elements that one ought to consider while ascertaining the home credit portion every month?


For computing the month to month home credit portion, consider your month to month family wage - now and expected later on. Family pay incorporates yours and also your parent's or companion's pay. Furthermore, your family's present costs, including every single other advance you are adjusting, are imperative to be considered. Try not to spend more than 50 for every penny of the aggregate wage on a month to month EMI.

7. Why do investor's home credit loan fees contrast?


Frequently your own bank (e.g. where you have your compensation account and most saving money connections) will give you the best loan cost. Likewise banks have favored or welcome evaluating and you would benefit be able to from these exceptional plans.

8. Would i be able to go into a deal concurrence with any purchaser without clearing the home loan? What will be the methodology of the exchange?


Make sure to esteem the said property which is sold to a bank. In any case, you will be required to clear the advance of the bank and after that continue to enlist the property for the sake of the purchaser. It is additionally conceivable that you, the new purchaser, and additionally the bank execute the assention at the same time.


You may also contact us at - +91-22-25452903, 66543333 or
Email us at - sales@squarefeetgroup.in


Squarefeet Group


Satyam Building, 2nd Floor, M G Road,
Opposite Navpada Telephone Exchange, Above Punjab National Bank,
Naupada
Thane West - 400601
MaharashtraIndia
+(91)-22-25452903, 66543333
info@squarefeetgroup.in

Tuesday 13 June 2017

A good time to invest in Lower Parel and Wangle Estate, Thane


The last few months seemed to have worked well for Mumbai’s office market. Many transactions have taken place. The demand from the corporates are not limited to under construction buildings only. This development in turn seems to be slowly influencing the residential market as well.
To name a few transactions in the office real estate market that have taken place in the recent past are Dot Solutions and DCT Infotech. The demand for office space in this node of Mumbai is increasing consistently. Not just conglomerates, start-ups are also finding its way into the suburban areas.
Shantanu Chakraborty, a sound engineer who has several popular tele series’ background scores under his credit says, "The line I am in does not follow any schedule. Until recently, I was working with a well-known sound effects professional. I have now decided to open my own studio and work independently. I am looking at Lower Parel for some space and will eventually move to the locality along with my family."
The strong growth in Navi Mumbai's office leasing activity (close to 8 lakh sq ft of absorption in 2015) has generated substantial demand for residential apartments.

Consumer demand

According to a report, localities such as Lower Parel and Wagle EstateThane might witness more consumer demand due to the increase in office demand. Apart from this factor, suburban areas are offering attractively priced properties and noteworthy infrastructure developments like the upcoming airport, metro corridor and ease of connectivity with Mumbai and Thane, have attracted the attention of consumers.
Yogika Sharma, a HR senior executive of a finance company based in Thane says, "Most of the employees reside in nearby areas. We have employees who have moved from Mumbai. Thane offers good residential options at a cheaper budget. Therefore, it is becoming a common practice for people to move closer to their offices especially single working professionals and the ones who have joined the company from other parts of the country."

Houses in Lower Parel and Wagle Estate, Thane

Manish Thakre writes on the Magicbricks Forum, "How is the infrastructure developing in areas like Lower Parel and Thane? I want to buy a property for my own use." The real estate of the former is already developed and sought after while the latter is still developing.
The residential inventory of Lower Parel consists of new properties, co-operative societies, under-construction properties as well old existing buildings. The most common property type in the area are apartments of different configurations. The residential market offers 1, 2, 3 and 4BHK units to potential buyers. The first three options are easily available.
The size and price range of these properties are:
size and price of different residential units
The residential inventory of Wagle Estate, Thane consists of co-operative societies and existing buildings. The most common property type in the area are apartments and builder floors of different configuration. The residential market offers 1 and 2BHK units to interested buyers and investors. The size and price range of these properties are:
size and price of different residential units
Experts project an increase in prices for Lower Parel. Accoding to Magicbricks data, the residential supply is low in the market. The rental market performs better than the capital market in this locality. In Wagle Estate, there has been a rise in property prices. Consumer demand has also increased though currently supply is limited. The market has been performing better than last year because of the advent of office hubs. The annual rental yield of Lower Parel is 2.9 percent.
The social infrastructure of Lower Parel is developed as it is a commercial business centre in South Mumbai. Its proximity to Worli Sea Link makes it one of the most sought-after areas. The Worli Sea Link has not only opened the road for good connectivity between Bandra and Lower Parel, it has also brought new opportunities in luxury housing as well. While it has the high class charm of South Mumbai, its location makes it very convenient - 20 minutes from Nariman Point, 15 minutes from BKC and 20 minutes from the airport.
Wagle Estate on the other hand houses many industries, including engineering, electrical, textile, pharma, rubber and electronics companies and more recently IT. Its infrastructure is developed and its proximity to Mumbai city is a major advantage. The social fabric is fairly developed.
Before choosing a locality, make a list of your needs. The locality should be able to cater to them on a daily basis and at the same time should bring you good returns in case you wish to sell off the property. Check, research and read about the areas before putting in your money.


You may also contact us at - +91-22-25452903, 66543333 or
Email us at - sales@squarefeetgroup.in


Squarefeet Group


Satyam Building, 2nd Floor, M G Road,
Opposite Navpada Telephone Exchange, Above Punjab National Bank,
Naupada
Thane West - 400601
MaharashtraIndia
+(91)-22-25452903, 66543333
info@squarefeetgroup.in