Home Buyers Delaying Purchase Due to Higher Price in Mumba

Home Buyers in Mumbai

Real Estate is one of the biggest and most globally recognized sectors and in India it is said to be the second largest employer after agriculture and is poised to grow about 30% in the next few years. The Indian real estate market has become one of the most preferred destinations in the Asia Pacific as overseas funds accounted for more than 50% of total investment activities. The real estate sector has 4 sub sectors namely housing, retail, hospitality, and commercial. Mumbai is a fast growing city and is a hub for many things. It is also ahead in the terms of real estate matters as lot of people from all over the country are residing there and even lot of people who come here to live their dreams.

Rising Prices Slowing Down the Real Estate of Mumbai

The real estate deals in Mumbai have seen recent slowdown especially the housing sector of this grand city. The main reason of this slowdown is the rising prices of the properties and houses in the different areas of the city. The escalating prices are the major reason due to which people are postponing their buying decision. There is an inventory pile up of 46 months in the Mumbai metropolitan region well above the accepted 8 to 12 months mark which is mainly due to the high pricing in the region and it has also caused in the postponement in the buying of various properties and houses.

As we all know about Mumbai, and its hi-fi life there are various places in Mumbai which are awesome and even worth living. The famous and top investment destinations across the city are Panvel, Kalyan, Nalasopara, Kharghar, Mira Road, Dombivli, Kamothe, Ulwe and Sanpada where most of the people like to invest their money. During the first half of the year 2015, the government had initiated a number of infrastructure projects to drive the sales across the Mumbai region like the Coastal Road Project from Nariman point to Kandivali, clearance of the Navi Mumbai Airport, which is expected to drive the sales in these regions, and thus resulting in hiking of the prices.

The Maharashtrian government has already planned to develop Mumbai as a gaming and animation industry hub thus increasing the job opportunities and investment in different regions which will increase the demand for residential and commercial units. As per the reports, an additional 200% FSI for IT parks will further reduce the rentals for commercial units. According to a survey which was conducted, it was reported that 76% of the home buyers prefer investing in properties that are upcoming projects and are in under construction phase. When you are planning to buy a new house you always see the cost of that house and the area.

Government Plans to Drive the Demand for Residential Properties

Around 71% of the people always prefer to buy properties and houses that cost up to 30 lakh which is the major problem in many areas of Mumbai city. The approval of elevatedrailway line from CST to Panvel with a six lane road is expected to reduce the commute time and this has driven the higher demand for properties in these localities. In the Kalyan region nearly 71% of people prefer 1 BHK compact houses and a report says that the price of the properties in these regions have risen about 12% in the last 2 years. The government has taken various measures to increase the property demand and has been developing these regions by providing much better infrastructure. The government here is further planning to attract more investments and provide more jobs to people which will further drive the demand for residential real estate.

The Best Real Estate Properties to Buy in Andheri West and Mumbai

Real Estate Properties to Buy in Andheri West

Mumbai is one of the largest cities in India. As such, Mumbai faces a constant influx of people who come here to find a successful career. Therefore it is natural to think that there is a shortage of space in this ever growing city. However with the growth of real estate sector numerous high rise apartments and flats now grace the skyline of Mumbai. 

You can always take the help of top 10 properties portal in india like 99Acres, MagicBricks, CommonFloor, GrabHouse etc. to find the right house for you.

Apart from being the hub of India’s film industry, it is the largest commercial and financial centres of the country. Many corporates and MNC’s have their head offices in Mumbai.If you are a newbie in the city and planning to shift permanently, then you can always look for 1 bhk flats in andheri west. Andheri West is known as the commercial and cultural hub of Mumbai. The suburb is well planned and boasts of some of the best residential complexes in the city.

The advantages of living in Andheri West:

· Well connected network of roads and highways.

· Efficient transport by means Mumbai Metro and Mumbai Local trains.

· Large number of schools, colleges, hospitals, shopping centres in vicinity.

· Wide range of residential complexes with facilities like jogging parks, gyms, swimming pools etc.

Investing in an Andheri property for sale provides you with the best returns. Since is Andheri West is well connected to highways and roads, it has become a preferred location for both developers and Bollywood stars. Hence it is guaranteed that you get an excellent return on investment due to the property’s prime location and star value.

Andheri West is home to some of the best real estate developers in the county. These include Lodha Group, TATA Housing, Godrej Properties, K Raheja Group, Hiranandani Group, Oberoi Constructions, Sheth Developers, DB House, Kalpataru Ltd., Keystone Group and other world class developers. It is rightly said that Andheri West has something for everyone. You can avail a 1 bhk apartment for as low as 15 lakhs to 1.7 crore. The apartments in the suburb are constantly featured among the top 10 best properties in Mumbai.

Some upcoming properties in Mumbai:

· The World Towers, presented by Lodha Group, is one of the tallest residential towers in India

· Ahuja Towers being developed by the Ahuja Group is another high end project in Mumbai.

· Crescent Bay being developed as a joint venture by Omkar Group and L&T.

· Kalpataru Radiance being developed by Kalpataru Group.

If you interested to buy a house or invest in real estate in other areas of Mumbai, then you can take the help of several online property portals. In addition to Andheri West, Bandra, Juhu, South Mumbai, Powai, Goregaon, Navi Mumbai, Worli, Lower Parel and Chembur are some of the most sought after residential areas. All these places are well connected to other parts of the town and have some of the most affordable residential complexes.

The following real estate portals always come in handy if you are looking for the best investments:

1. 99Acres: The top ranked real estate portal offers you a wide range of societies, locations and upcoming projects to choose from.

2. MagicBricks: One of the best websites for buying and renting real estate.

3. CommonFloor: CommonFloor comes in handy when you want to buy or rent properties in tier 1 cities like Mumbai, Delhi, Bangalore etc. 

Mobile Change the Look of Marketing At Home Searches

Online websites is a best way for real estate business. You can search a huge range of property on different websites. There is a better option to choose around a large area. By buying your properties online you of course you are saving your time and money. You have a number of options to compare with. This is become a trend to do marketing online through the websites. There you can select different categories for your requirement. 

 The real estate websites contain all kind of information according to your need. If you are expecting to buy a new property, you have better solution India property to visit to different websites. On these websites you have a sufficient way to sale and purchase of properties very easily.

You can search your dream homes at a very short period of time. You have option to buy properties on your mobiles. You get all information and details of real estate websites in just a click. You can get quick access on your phones about Real estate in India. You have a better option to get in touch with the new changes occur around the world with the help of mobiles.  

On buying properties online from websites you have option to compare the price value. You can purchase according to your from best property sites in India. Real estate websites helping you with fresh information. There you can find the freshcontents according to the property you want to buy. They are providing complete information about apartments and flats.

These are the top real estate websites. Here you select and compare the facilities related to India and its property as your choice.

· Magicbrics: You can find your dream home at magicbrics.com. This is an amazing real estate website where you can search wide ranges of affordable properties. You can get smart search and EMI option also.

· Housing: If you are looking to buy your property in posh areas then you can get better solution at housing dot come. Here you can choose apartments and flats for rent at reasonable prices. Here you can a compete quote for investing in commercial property.

· 99acres: Here you can purchase property for home and office at any state of India at very reasonable prices. Here you can get the opportunity to invest in industrial lands.

Nowadays everybody is in hurry. They have no time to spend in search of a good real estate market. The mobiles change the look of everybody. There are many mobile applications helping people to invest in best Mumbai real estate.  Online platforms are helping the people to search around the whole nation instead of single city. There is also live chat option on the apps. You can contact with the best dealers by standing at a one single place. The mobiles make the shopping on online websites very easy.  You can search best on India propertyon mobiles.

Now there are many smartphones giving you superior facilities. And a no of option of choosing the different websites for your need. You can also find top 10 real estate websites on mobiles.  There are no of application for different mobiles like android, IOS, and windows phones. The purpose of mobiles is to make the life very easy and simple, and they are doing their work accordingly. Mobile phones improved our way of living. Mobile phones give us a new look of online marketing and make us more experienced. 

Points to Remember Before Investing in Preleased Property

To answer this in easy phrase, it indicates a resource which is already given on lease to cafe, financial institution, mnc, resort, industry, BPO etc. You just have to buy this and forget about searching for someone to take it on lease. This gives you the benefit of fast profits as soon as you spend in such residence. No question those traders buy a pre-leased residence to get profits and produce benefit out of it eventually.

Residential Flat, Professional, Bungalow, end of the week home etc: Once the trader buys a residence and wants so it can have on lease, then he or she will have to wait until the building development is completed. Normally trader buys at sufficient time when from the work is not even started. The development usually takes 2 to 36 months to complete. If they need a fast come back out of this then will have to sell it out at plenty of duration of development.

There are majorly two kinds of pre-leased offers. One is the lease-hold, it's mostly available with govt organizations like MIDC. Such place is given for a long lease, say around an interval of 99 decades, extension further. In reality you just spend and produce profits without being and proprietor for that residence. You will be given privileges with certain restrictions to take any choice about that residence.

The next kind is a free-hold- after buying you is the proprietor that gives all the privileges and responsibility for that residence. Maximum numbers of pre-leased commercial are on free-hold basis. This implies making an investment in such option is the best choice. This gives you a set earnings without even costing you single day, from plenty of duration of purchase. Usually the aim is to lease out to a well-known organization and produce successful earnings for about 2 to 5 decades and later quit with a sufficient benefit by selling the same if required.

How to decide on where to invest:

Your choice completely relies upon upon the cost as this is one of the biggest factors in identifying the money. Lower the cost, greater the money. Another aspect is the popularity of the residents. If the renter is an insurance provider or a financial institution, then the approximately benefit can be 6% to 8%. These kinds of residents sign up for a contract of more time lease which makes you keep to lease it out to someone else for making more benefit in future. No Doubt if the lender is a govt financial institution then you are the most secure player amongst all the pre-leased property traders.

If the renter is an international organization (MNCs) foreign financial institutions, household call center, IT units etc. then it will provide you chance of making more money, as these kind of organization's revenues is great varying it to 8% to 12%. But how can you be sure that this kind of renters will remain for time. If the lessee has spent quite a large quantity for decorations, it can be easily believed that they are going to remain for time.

Profit Calculation:

It's very easy. You are buying at a sum that includes basic cost, seal responsibility, car vehicle parking expenses subtracting the protection down payment. The annually lease is divided by the selling cost to gain benefit. Usually, the minimum phrase of several decades contract can be predicted in pre-leased offers. At plenty of duration of restoration as per the word in contract the escalation of 15% in lease can be predicted. This implies in every 36 months the lease benefit will keep on increasing.

Detailed reason for above:

For eg: Tenant XYZ has a leasable place of 10,000 sqft paying a lease of Rs 5,000 per sqft. Additional expenses such as Car vehicle parking (4 vehicle parking @ Rs 5 lacs each) plus seal responsibility (approximately 5%) is Rs 5.46 Cr. The protection deposit-adjusted is Rs 4.92 crore.

The lease is Rs 110 per sq.ft which requirements expenses for a residence tax of Rs 30 per sq.ft. This implies a lease of Rs 48 lacs annually and a lease benefit of 9.76%. If the lease admiration is at 15% every 36 months, the money improves to 11.78% from 4th to 6th season and 14.09% from 8th season, taking into consideration other prices to remain as it is. The benefit computation mentioned above does not include the investment cost escalation, which can come to any rate.

Ways to take exposure:

If you fall under a great price range trader then you can go for an industrial unit between Rs 5 crore to Rs 100 crore or even greater to generate benefit accordingly. But if you are a and average price range traders like making an investment quantity of Rs 1 crore, then its best to go through private equity-run property lease funds, which open every now and then who guarantees to provide a pre-tax come back comprehensive of investment admiration from 20% to 25% in the course of fund's period.

All these techniques look appealing but make sure that you check all the aspects related to the residence you buy. For e.g.: Trustworthiness of occupant's contract phrase, availability, close to main places like road, train place, trains and buses, which will add more value causing excellent profits.