10 Reasons Why Buying Affordable Flats in Thane are a Better Investment Than Renting

 Introduction: The eternal debate between renting and buying a home is a common dilemma faced by many in India. While renting offers short-term flexibility, the long-term financial advantages of purchasing a home, especially affordable flats in Thane offered by Squarefeet Group, make it a more enticing option. In this article, we will explore ten compelling reasons why buying a house is a wise financial decision.

1. Long-term Investment
   Affordable flats in Thane are not just a place to live; they are a long-term investment. Unlike renting, where your money goes towards temporary accommodation, purchasing a house builds equity over time. It acts as a tangible asset that can provide financial security for you and your family in the future.


2. Stability and Security
   Owning your own home provides stability and security for you and your loved ones. You won't have to worry about sudden rent hikes or eviction notices, giving you peace of mind. Squarefeet Group offers affordable flats in Thane that can ensure your family's safety and stability for years to come.


3. Freedom of Customization
   One of the significant advantages of owning a home is the freedom to customise it to your liking. Unlike rented properties, where you often have limitations on what you can change, owning a house allows you to renovate and personalise it according to your preferences and lifestyle.


4. Tax Benefits
   Purchasing a home comes with various tax benefits that can help you save money. Homeowners can avail deductions on home loan interest, principal repayment, and other expenses related to the property. These tax benefits can significantly reduce your overall tax liability.


5. Building Equity
   With each mortgage payment you make, you are building equity in your property. This equity can be leveraged in the future for various purposes like funding education, starting a business, or making other significant investments. Renting, on the other hand, does not offer such financial growth.


6. Investment for Future Generations
   An affordable flat in Thane can be a valuable inheritance for your future generations. By owning a house, you create a legacy that can be passed down to your children and grandchildren, providing them with a stable foundation for their future endeavours.


7. Freedom and Independence
   When you own a house, you have the freedom and independence to make your own decisions. You are not bound by the rules and regulations of a landlord or property management company. You can live life on your terms, without worrying about constant disruptions.


8. Potential Rental Income
   If you ever decide to move or invest in another property, you can use your affordable flat in Thane as a rental property. Becoming a landlord can be a source of passive income, which can further enhance your financial well-being.


9. Protection against Inflation
   Owning a property acts as a hedge against inflation. As the cost of living rises, so does the value of your property. This means that your affordable flat in Thane will likely appreciate in value over time, providing you with a valuable asset that keeps pace with inflation.


10. Sense of Belonging
    Finally, owning a home gives you a sense of belonging and community. When you invest in an affordable flat in Thane offered by Squarefeet Group, you become a part of a thriving neighbourhood, fostering long-lasting relationships with your neighbours and building a strong sense of belonging.

Conclusion

While renting provides short-term flexibility, the numerous financial benefits of purchasing an affordable flat in Thane outweigh the allure of temporary accommodations. Squarefeet Group offers attractive housing options that not only secure your family's future but also act as a solid investment for the long term. From building equity and tax benefits to providing stability and a sense of belonging, homeownership presents an array of advantages that make it a better financial decision compared to renting. So, take the leap and invest in your dream home with Squarefeet Group today.

Also read: Investing in 2 BHK Under Construction Properties in Thane: A Lucrative Option for Homebuyers

Unlock the Secrets to Finding Your Dream Property in Thane: Best 2 BHK Projects by Squarefeet Group

 Introduction: If you've been dreaming of owning a 2 BHK property in Thane, one of Mumbai's most sought-after residential destinations, then you've come to the right place. Thane's growth as a prominent real estate hub has attracted many developers, each offering a plethora of projects to choose from. In this article, we will unlock the secrets to finding your dream property in Thane, focusing on the best 2 BHK projects by Squarefeet Group, a renowned name in the real estate industry.

Thane: A City of Opportunities

Before delving into the best 2 BHK projects, let's understand why Thane is an ideal location to invest in real estate. As Mumbai's neighbouring city, Thane has experienced rapid urbanisation, making it a hotspot for homebuyers and investors alike. The city's strategic location, excellent connectivity, green spaces, and robust infrastructure are some of the key factors driving the real estate boom.

The Rise of 2 BHK Projects in Thane

The demand for 2 BHK apartments in Thane has been steadily increasing due to the changing lifestyle preferences of homebuyers. Young professionals, nuclear families, and investors find 2 BHK apartments to be the perfect balance between space and affordability. This trend has led to a surge in 2 BHK projects across Thane, with Squarefeet Group being at the forefront of delivering quality homes.

Squarefeet Group: A Trustworthy Real Estate Developer

When it comes to investing your hard-earned money in a property, trust is of utmost importance. Squarefeet Group has established itself as a reliable and customer-centric real estate developer in Thane. With a track record of successful projects, innovative designs, and customer satisfaction, they have earned the trust of homebuyers and investors alike.

Top Features of Squarefeet Group's 2 BHK Projects

• Prime Locations:
  
  Squarefeet Group strategically chooses locations for their projects, ensuring proximity to essential amenities like schools, hospitals, shopping centres, and transportation hubs.


• Thoughtful Design:
  
  The 2 BHK apartments by Squarefeet Group are thoughtfully designed to maximise space utilisation while offering modern comforts and aesthetics.


• Amenities:
  
  Squarefeet Group understands the importance of lifestyle amenities. Their projects boast of amenities such as landscaped gardens, swimming pools, gyms, clubhouses, and children's play areas.


• Quality Construction:
  
  The Group maintains stringent quality standards in construction, using high-quality materials to deliver homes that stand the test of time.


• Sustainable Practices:
  
  As environmental consciousness grows, Squarefeet Group incorporates eco-friendly features into their projects, promoting sustainable living.

Customer Reviews and Testimonials

To gauge the satisfaction level of customers, it's essential to review testimonials and feedback. Squarefeet Group has garnered positive reviews from its delighted customers, praising their professionalism, transparency, and commitment to delivering as promised.

Buying Guide: Points to Consider

When searching for your dream 2 BHK property in Thane, there are several crucial factors to keep in mind. Consider your budget, location preferences, proximity to schools and workplaces, and the reputation of the developer before making a decision. Squarefeet Group ticks all the right boxes, making it a worthy choice for your dream property.

Investing in Thane: A Lucrative Choice

Apart from being an ideal location for end-users, Thane also presents an excellent investment opportunity. The city's rapid development and future infrastructure projects promise potential appreciation in property value, making it a lucrative choice for investors.

Conclusion

In conclusion, finding your dream 2 BHK property in Thane can be made easy by choosing Squarefeet Group as your trusted real estate partner. With their prime locations, thoughtful designs, quality construction, and customer-centric approach, they unlock the secrets to fulfilling your aspirations. Invest wisely in a Squarefeet Group project and witness your dream of owning a 2 BHK home in Thane come true.

Also read: Investing in 2 BHK Under Construction Properties in Thane: A Lucrative Option for Homebuyers

Investing in 2 BHK Under Construction Properties in Thane: A Lucrative Option for Homebuyers

 Introduction: Investing in real estate is a proven strategy for wealth creation, and Thane, a bustling city in Maharashtra, India, offers a promising market for homebuyers and investors alike. With its strategic location, excellent infrastructure, and a growing economy, Thane has emerged as a sought-after destination for real estate investments. In particular, 2 BHK under construction properties in Thane have garnered significant attention due to their potential for high returns on investment. This article explores the advantages of investing in such properties and sheds light on the benefits of choosing Thane as your investment destination.

Benefits of Investing in 2BHK Under Construction Properties in Thane:

1. Attractive Pricing: Under Construction properties in Thane are often priced more competitively compared to ready-to-move-in properties. This affordability factor presents an excellent opportunity for homebuyers to own a spacious 2BHK apartment at a relatively lower cost, making it an attractive investment option.


2. Potential for Appreciation: Thane's real estate market has experienced consistent growth over the years, with property values witnessing appreciation. By investing in an under construction 2BHK property, buyers can take advantage of this upward trend and potentially enjoy substantial capital appreciation in the future.


3. Customization and Modern Amenities: Under Construction properties allow buyers to customise their homes according to their preferences and requirements. Additionally, developers often incorporate modern amenities such as gymnasiums, swimming pools, landscaped gardens, and clubhouse facilities to attract buyers. These amenities not only enhance the lifestyle quotient but also contribute to the overall value of the property.


4. Payment Flexibility: Developers of under construction projects in Thane often provide attractive payment plans to facilitate smooth transactions for buyers. Flexible payment schemes, such as staggered payments or construction-linked plans, allow investors to manage their finances more effectively and reduce the burden of immediate lump sum payments.


5. Tax Benefits: Homebuyers investing in under construction properties can avail of various tax benefits. Deductions on home loan interest under Section 24(b) and principal repayment under Section 80C of the Income Tax Act can help reduce the overall tax liability, providing an added advantage to investors.

Why Choose Thane for Real Estate Investment:

1. Strategic Location: Thane's proximity to Mumbai, the financial capital of India, makes it an ideal choice for both residential and commercial investments. With excellent connectivity through road and rail networks, Thane offers easy access to major employment hubs and educational institutions.


2. Infrastructure Development: Thane has witnessed significant infrastructural development in recent years. The city boasts well-planned roads and metro connectivity, enhancing its overall connectivity and making it an attractive destination for real estate investment.


3. Social and Civic Amenities: Thane offers a host of social amenities such as hospitals, schools, shopping centres, and recreational spaces, ensuring a convenient and comfortable lifestyle for its residents. The presence of renowned educational institutions and healthcare facilities further adds to the city's appeal.

Conclusion:

Investing in 2BHK under construction properties in Thane presents a lucrative opportunity for homebuyers and investors seeking long-term wealth creation. The attractive pricing, potential for appreciation, customization options, payment flexibility, and tax benefits make it an enticing proposition. Additionally, Thane's strategic location, infrastructure development, and social amenities contribute to its appeal as a real estate investment destination.

For those interested in exploring under construction properties in Thane, SquareFeetGroup is a trusted name in the real estate industry. They offer a wide range of 2BHK under construction properties in Thane, designed to cater to the diverse needs and preferences of buyers. SquareFeetGroup's expertise and commitment to customer satisfaction make them a reliable partner for your real estate investment journey in Thane.

Investing in 2 BHK under construction properties in Thane can provide a secure and rewarding investment option.

Also read: Investment in Thane: Unlocking Lucrative Returns

Investment in Thane: Unlocking Lucrative Returns

 In recent years, the real estate market has demonstrated substantial growth, with Thane emerging as a prime example of a city experiencing phenomenal expansion. Once known solely as an industrial center, Thane has now transformed into a bustling real estate market, offering investors the potential for high returns on their investments.

According to economists and analytical consultants, the Mumbai Metropolitan Region (MMR), which includes Thane, is expected to witness a remarkable 40% increase in employment opportunities. This positive forecast is supported by the notable rise in average rates in prominent locations like Pokhran Road, which saw a 2.6% increase in Q1 2023. These favorable socioeconomic conditions and connectivity have contributed to the rising demand for housing facilities and subsequently, the capital growth of real estate investments in Thane West and East. Thane is quickly establishing itself as an economic powerhouse, offering lucrative investment opportunities in new projects.

Thane's strategic location and spatial advantages make it a top contender for real estate investment. Unlike other heavily populated and space-constrained areas in Mumbai, Thane has the potential for expansion into new areas. This expansion capability further solidifies Thane's position as an excellent investment destination. Additionally, Thane boasts excellent connectivity to Mumbai's Eastern and Western Suburbs, as well as Navi Mumbai, making it a desirable location for investment. The proposed development of Metro Lines and twin tunnels connecting Thane to Borivali, promising a commute time of just 15 minutes, serves as a compelling justification for investing in Thane's real estate market.

Apart from its spatial advantages, Thane offers enhanced medical care and academic institutions, adding to its appeal as an investment hub. The city is home to renowned healthcare institutions such as Hiranandani, Jupiter, Bethany, and Aayush, known for providing top-notch medical facilities. In terms of education, Thane boasts prestigious schools like Smt. Sulochanadevi Singhania School, Podar International School, C.P. Goenka International School, D.A.V. Public School, Hiranandani Foundation School, and Smt. Sunitidevi Singhania School. Additionally, Thane is host to a range of esteemed academic institutions, including the A. P. Shah Institute of Technology, Dr. V. N. Bedekar Institute of Management Studies and Law, Institute of Management and Computer Studies, KC College of Engineering, Rajiv Gandhi Medical College, Rustomjee Academy for Global Careers, and Vidya Prasarak Mandal's Polytechnic. These establishments not only contribute to the city's social infrastructure but also generate excellent opportunities for real estate investment.

Thane's exceptional social infrastructure further enhances its investment potential. The city boasts a plethora of cinemas, hotels, restaurants, and shopping centers, including popular destinations like Viviana Mall, Korum Mall, and Lake City Mall. Thane is a food lover's paradise, with a multitude of upscale restaurants and trendy cafes catering to every culinary preference. Establishments like Soda Bottle Openerwala, Hitchki, The British Brewing Company, and The Irish House are perennially packed with patrons. Living in Thane ensures an exciting and enjoyable lifestyle throughout the year. Prominent builders in Thane, offering luxury flats in prime locations like Pokhran Road No.2, present investors with the opportunity to indulge in this vibrant social scene while reaping high returns on their investment.

Investing in Thane's real estate market offers numerous benefits. The city is undergoing rapid transformation and has already established itself as a prominent financial and real estate center, often referred to as Mumbai's mirror. With the expansion of social facilities, improved connectivity, and robust economic growth, Thane's housing demand is skyrocketing. Real estate developers are focusing on creating luxury communities that provide residents with the best comforts and services, further adding to the allure of investing in Thane's real estate market.

In conclusion, Thane's real estate market presents investors with the opportunity to relish high returns. The city's rapid growth, favorable spatial advantages, exceptional social infrastructure, and robust employment prospects make it an ideal destination for real estate investment. As Thane continues to flourish, investing in this burgeoning market promises not only financial rewards but also a vibrant and fulfilling lifestyle.

Also read: Why Under Construction Projects in Thane Should Be Your Preferred Choice for Property Investment

Why Under Construction Projects in Thane Should Be Your Preferred Choice for Property Investment

 In today's real estate market, the trend seems to be leaning towards ready-to-move-in residences. However, there are numerous advantages to purchasing a property that is still under development. Under Construction Projects in Thane offer their own unique set of benefits, depending on an individual's financial situation and preferences. By carefully considering factors such as the site, pricing, developers, and infrastructure, an under-construction property has the potential for significant appreciation.

Gone are the days when buying a property that is still under construction was considered a risky endeavor. In fact, purchasing a property that is still in the development stage can prove to be highly rewarding, whether it is intended for personal use, rental purposes, or investment. In any of these scenarios, opting for an under-construction property can be advantageous.

One of the key advantages of Under Construction Projects in Thane is the flexibility they offer in terms of payment schedules. Unlike ready-to-move-in properties that require a substantial upfront payment, under-construction properties allow buyers to make payments on a more flexible timeline, which is less burdensome on the wallet. Let's delve deeper into the benefits of such projects:

1. Favourable Government Laws

Under Construction Projects in Thane are governed by the Real Estate Regulatory Authority (RERA), which was established in 2017. Compliance with RERA is mandatory for all such projects, ensuring fair practices and providing a safety net for end-users in case of builder defaults.

The introduction of RERA has significantly reduced the risks associated with fraudulent practices by builders. According to RERA regulations, if a construction company fails to deliver the completed property within the specified time frame, buyers are entitled to a full refund of their investment, along with interest.

Furthermore, RERA has mandated that builders quote rates based on carpet area rather than super built-up area. This ensures transparency and prevents misleading information about the actual usable space. RERA also requires builders to deposit 70% of the funds received in a dedicated bank account through checks, reducing the risk of losing hard-earned savings. Therefore, the fear of financial losses when purchasing an under-construction property in Thane is no longer a major concern.

1. Favourable Government Laws

Under Construction Projects in Thane are governed by the Real Estate Regulatory Authority (RERA), which was established in 2017. Compliance with RERA is mandatory for all such projects, ensuring fair practices and providing a safety net for end-users in case of builder defaults.

The introduction of RERA has significantly reduced the risks associated with fraudulent practices by builders. According to RERA regulations, if a construction company fails to deliver the completed property within the specified time frame, buyers are entitled to a full refund of their investment, along with interest.

Furthermore, RERA has mandated that builders quote rates based on carpet area rather than super built-up area. This ensures transparency and prevents misleading information about the actual usable space. RERA also requires builders to deposit 70% of the funds received in a dedicated bank account through checks, reducing the risk of losing hard-earned savings. Therefore, the fear of financial losses when purchasing an under-construction property in Thane is no longer a major concern.

2. Cost-Effective Investment

Compared to ready-to-move-in homes, under-construction properties in Thane are more cost-effective. If other parameters such as location, property type, premise area, and real estate developer are the same, a ready-to-move-in property will be priced higher than an under-construction property. In fact, the price difference between the two can range from 10% to 30%, representing significant cost savings for buyers.

By opting for an under-construction property, buyers can enjoy substantial cost savings. Although there may be a waiting period before being able to move in or rent out the property, the cost benefits make it a worthwhile investment.

3. Profitable Returns on Investment (ROI)

Investing in Under Construction Projects in Thane often yields higher returns compared to ready-to-move-in properties. This is primarily due to the longer duration between the purchase and delivery stages, providing more time for appreciation. If a buyer decides to sell the property before possession, there is a good chance of obtaining a favorable return on investment.

Moreover, under-construction projects located in the outskirts and underdeveloped areas of the city have a higher potential for price appreciation. These areas are often targeted for future development, leading to increased demand and subsequent value appreciation.

4. Flexible Payment Options

Purchasing an under-construction property in Thane offers more financial flexibility compared to ready-to-move-in properties. Buyers are not required to pay the entire sum upfront or within a short period of time. Instead, real estate developers generally allow buyers to pay in planned installments aligned with the construction stages, with the remaining balance due at the time of possession. This enables buyers to manage their finances better and make Equated Monthly Installments (EMIs) within their reach.

In contrast, ready-to-move-in properties typically require the buyer to pay the full sum upfront or within a short timeframe. With under-construction projects, buyers have the advantage of reserving a home with a small deposit and paying the remaining amount gradually until construction is complete.

5. Attractive Discounts and Offers

It is challenging to find discounts or offers on ready-to-move-in properties. Buyers usually have to pay the market rate without any additional benefits. However, when purchasing an under-construction property, buyers have the opportunity to avail discounts, freebies, and negotiate the final cost. These can include incentives like a gold coin, a modular kitchen, an air conditioner, or free parking.

In the past, homebuyers tended to prefer ready-to-move-in residences over under-construction projects in Thane due to concerns about possession delays. However, with the advent of RERA, purchasing an under-construction property has become a viable option as long as it has a valid RERA number and is developed by a recognized developer.

In conclusion, under-construction properties in Thane present an ideal option for investors. These properties, usually located in the outskirts and underdeveloped areas, have a higher potential for price appreciation compared to ready-to-move-in properties. Additionally, purchasing an under-construction property allows buyers to customize their dream home, closely monitor the construction process, and have the assurance of RERA protection. With your concerns and doubts addressed, it is time to explore the various under-construction projects available in your neighborhood.

Also read: Guide for Thane Commercial Real Estate Investment