Nepean Sea Road - An address to flaunt

Mumbai is an aspirational city to live in for most Indians. The reasons are plenty that to list them down will form an entire blog article by itself. But there are three prime reasons why Mumbai is most sought after:

• It is where dreams (most) come true.
•  It is the starlet of Indian cities (Think Bollywood).
• Being recognized as a Mumbaikar (heavenly).

If there is one place where the living experience of Mumbai can be closely related to, it will be Nepean Sea Road. Think of waking up to the sound of lapping beach waves. Waves crashing across golden sands and a view that extends far beyond into the unknown horizon is what makes Nepean Sea an aspirational residential address for Indians.

Located close to Malabar Hills, Nepean Sea Road is where the aristocrats of Mumbai would dream coming home to. Living in South Bombay itself is a thing of pride. SoBo is a metaphor most Indians will not understand. But a Mumbaikar knows what kind of power and influence a resident of SoBo will possess.

Owning a luxury 3 BHK apartment in Nepean Sea is quite an accomplishment for any individual. The region since its olden days has been brimming with business towers. Even today, Nepean Sea Road is a place where one can find most of the top corporates of India having their headquarters established. Hence, there is plenty of job opportunities floating around in Nepean Sea Road from where one can chart out a new life.

Not just a career, Nepean Sea Road has major sports clubs within its vicinity where your sportsman attitude can be polished to finesse. Join the Willington Sports Club, Bombay Gymkhana or watch speeding horse races at the Mahalaxmi Race Course. Living in Nepean Sea neighbourhood these sports complexes are just leisurely walk away.

As a parent, your child’s education is available literally at doorstep. Nepean Sea Road sets the right ambiance where your child can progress socially and intellectually with world class training from reputed educational institutions like Orchid International School, Bombay International School (BIS), Gopi Birla High School, etc. all located in immediate vicinity.

Commuting in Nepean Sea Road is a leisure activity. In addition to the smoothly paved roads which are completely gutter free, you also get to ride alongside almost every brand of luxury car in the world. A life amidst the richest Indians is a thing you can take for granted in Nepean Sea Road.

Coming to public transport, the region is blessed with a well-established network of roadways and railways which reach out to almost every notable destination in the city. The Western railway also offers great connectivity within Mumbai and South Mumbai. There is an efficient private system of transport consisting of taxis and rickshaws which you can rely on for a less than luxurious way of transport.

Undoubtedly, Nepean Sea Road is one of the mist affluent residential regions in Mumbai and whole of India. Capital appreciation of properties is estimated to happen in multiples of five or more given the swanky location and facilities in the region. A short stroll around and you will know how comfortable, liveable, luxurious and magnificent living in Nepean Sea Road is. The waves await your homecoming. 

Shailja is an Indian housewife who loves to write on Real Estate. She is a regular contributor to the columns of many property magazines and also IndiaProperty.com

 

Ghodbunder Road in Thane is the new realty hotspot

Ghodbunder Road in Thane has opened up new venues to many home buyers who are looking for pocket-friendly homes. In spite of the swift infrastructure developmental activities in and around this place, it has managed to remain nominally priced. People who have been watching the developmental activities in Mumbai are well aware of the fact that Thane has grown from one of the small suburban towns located at the peripheries of Mumbai to a metropolis that can take care of its needs all by itself. This place with integrated townships, expansive flyovers, broad roads, high-rise structures and uninterrupted highways has attracted both property developers and buyers that it has boosted the whole realty scenario.

Ghodbunder Road is nearly twenty kilo meters long linking the Eastern Express Highway and the Western Express Highway, the two arterial roadways of Mumbai City. The Western Express Highway is the one that begins at East of Bandra and turns into the National highway heading towards Gujarat, while the Eastern Express Highway begins at Sion and ends at Thane. Apart from offering swift access to various small-markets such as Ghatkopar, Bhandup and Mulund, this road route enables reaching Mira road from Thane in no time.

In a move to further more improve the locality’s infrastructure and connectivity facilities, development authorities has decided to come up with a monorail network that would act as a supportive service to the proposed Metro project in the region. The Metro corridor is believed to extend from Kasarvadavali to Wadala on the Ghodbunder Road.  Residents are less likely to face traffic woes. Thanks to the Kapurbawdi Flyover that has been put to use to ease traffic congestions. With quick development in the cards and availability of huge land layouts, this area has received the attention of various reputed property developers. Puraniks Builder, Vijay Group, DS Group, Runwal Group, Harmony Lifestyles Group and Rosa Group are some of the property developers who are already present in this region. Due to this, the probability of finding a wide array of housing choices ranging from one bedroom apartments in thane to duplex bungalows has increased considerably.

Ghodbunder Road is also witnessing more commercial activities. Needless to say that, this area is mushrooming with more malls, retail outlets, banks, showrooms and corporate offices. MGM IT park is supposed to be one of the major business centers to begin its operations soon. Observing the prevailing situation in Thane near Ghodbunder Road, realty experts firmly believe that the prices of properties in Thane to appreciate by nearly seven to ten percent. At the moment, the worth of newly built multi-storey apartments in thane range from Forty lakh rupees to two and a half crores while the average property values are found to be in-between eight thousand and ten thousand per square feet range. When compared to the capital values of properties situated in the middle of Thane, the worth of the properties situated near Ghodbunder Road in thane is very insignificant. No wonder, property buyers are eager to grab their share of opportunity before it is too late.

Steps for hassle free registration of a property

Property registration is the final agreement between the buyer and seller. In India, registration of a sold property is mandatory by law. The government and the law will not cover any legal issues or otherwise faced by the owner if the property is not registered in his name. The law will not recognize unregistered owners to a property even if they have paid in full. This is specified by law to protect the land owners. A person acquires rights to the property only after the sale deed is registered.

The registration process of a property happens at the respective Sub Registrar office of the locality in which the property in question is located, be it rural or urban area. The following are the procedures associated with the land / property registration in India.

Title Verification:

Though not a mandatory process, it is highly advisable that any prospect owner gets the title of the property duly verified by a person practicing law. The buyer has the right to demand for the photocopy of the documents related to the property for verifying the title by a lawyer or a civil consultant.

In most cases, if opting for a home loan, the bank or the financial institution will check the title and only then issue the loan. If the title is not clear of issues, the loan will not be issued. However, it is the responsibility of the buyer to authenticate his purchase even before making the payment.

Sale Deed:

The sale deed has to mention all the specifics related to the property. If the land has any construction on it, the exact specifics have to be mentioned at length. The preparation and attestation of the Sale Deed is done on proper stamp paper by an authorized attorney. The buyer will have to bear the stamp duty and the amount varies based on the locality.

At the Sub Registrar:

Locate the associated sub registrar office with the help of the seller, developer or the person preparing the sale deed. Get a prior appointment from the authorities and stick to it. These days, the computerization means you are given a token number for your appointment. Do not miss it at all costs!

Document Submission:

A thorough verification of the documents is done by the sub registrar and the registration process is followed to the T as per the Registration Act of 1908. Post registration the documents can be collected in person by the owner after signing a dispatch register at the desk. If the owner is not present, a letter of authority (also attested) can be given to a related person.

Title Mutation:

Once the registration is completed, the title of the property becomes the property of the owner. The owner can then get the title of the property transferred (or in this case termed as mutated) in his name at the local Municipal authority.

Without the legal registration of the property you will not be entitled as the owner so register as soon as the payment is made.

About the Author:

Frank is a retired service man who loves to impart his knowledge on property investment through sites like indiaproperty.com

Top reasons to buy a property in Delhi now!

Delhi’s property market has woken up from its slumber. Though this was inevitable, many had given up hope on the real estate of Delhi, especially with mounting unsold properties and unfinished projects in and around the city. The government had worked very hard and implemented a lot of projects that would supplement the property growth spurt in localities like Noida, Gurgaon and Faridabad. The efforts have finally paid off and here are a few reasons as to why you must buy a property in Delhi before it is too late!

One of the major hurdles the realty market of Delhi faces is to sell off the already accumulated property. Either the prices had to be slashed or the existing amenities had to be improved to makes prospective property buyers consider shelling out cash for the properties. The second option worked and this is how:

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1.  The Delhi Metro has redefined the term called connectivity in the capital city! You no longer have to find residence in the same locality as you work. Sectors in Dwarka are now completely linked to one another! Noida is well connected to NCR too! The next proposed stage of the metro will connect Noida’s city center with the Greater Noida region making property market boom further! The Violet line will aid to Faridabad by connecting up to YMCA Chowk!
2. Delhi government made all the right moves in conjunction with the Central Government. The Swachch Bharat Movement started off a chain clean Green moments which lead to a lot of green spaces in the city! 
3.  The Supreme Court stepped in at the right time by settling the long standing dispute of Farmer’s Land Acquisition issues. The investors who bought land from the farmers will now breathe in peace and develop stunning projects soon enough!
4.  New sectors are well-planned with perfectly sorted our ergonomics and wide roads. The green belt around sectors helps a lot too in improving the living standards of the locality. Given the extremities faced by the region of Delhi, climate-wise, it has been a smart thing to do.
5. Property prices in NCR are on the higher side but a few areas do have cheap offerings. A smart researcher will be able to find an affordable apartment in some place like Sector 16 of Greater Noida or Ahinsa Khand 1 of Ghaziabad.
6. Arterial roads and highways like the NH 24 greatly has shortened distances and enhanced connectivity. Ahinsa Khand, Crossing Republik, Noida sectors 62, 63, 57, 58 and 59 all have seen price hikes because of this one highway! NH8 in the same way does the same to Gurgaon! undli-Manesar-Palwal (KMP) Expressway is the sole reason for Neharpur to come in the map of property buyers from Delhi and Gurgaon
7. Civic infrastructure is improving beyond comparison in most of the localities that are experiencing growth in property in Delhi. Complementing the same is that the cost of living is comparatively lesser in localities like Faridabad when compared to NCR regions.

The growth of property market in Virar-Mumbai

Any locality whose property prices see over a 100% growth in less than a decade can be termed as a stellar place for returns on investment! The shrinking availability of space in the mainland of Mumbai in the last 6 years or so, builders and developers have been forced to look elsewhere and Virar has been their go to destination!

Geography:

While on the lookout for new realty destinations for developing apartments in Mumbai, Virar has caught the fancy of many top property builders. It is termed as the town of the future by property experts in the city. Situated close to Vasai and surrounded by other suburbs like Dahisar, Tokare, Arnala and Nalasopara East, the town falls under the district of Palghar. The area available is huge; over 100 square kms of land!

Future prospects:

With Mumbai turning out to be empty handed, there is a desperate requirement for fresher, cheaper rural towns which can take up the population of the region. This is how a place like Virar has profited. It has a well-planned connectivity with the other parts of the city, making it a real prospect for the future.

Inside of this arranging is the Virar-Alibaug Corridor Project. The undertaking has a twofold objective – firstly to unite the two towns by road, and furthermore by the metro. While the time period for this is year 2031, it is bound to happen slow, yet steady! The other arrangement is to have the monorail running in the middle of Virar and Chikhaldongri. The Rs 600-crore plan will cover the Virar-Chikhaldongri line in a couple of years or so!

Social infrastructure:

Though underrated, the area is not too bad for what is primarily going to be a residential destination for many investors. Though the area might not boast of many Malls and other hi-tech facilities, it more than makes up for all that with the coastal feel to the region! The beaches are an added advantage and the number of resorts dotting the coastline makes for a great way to unwind on a holiday than jostling through the hustle and bustle of a mall.

There are a few amusement parks too which break the monotony of activities. A few heritage spots like the famous forts of Arnala and Vasai make it interesting for those who like a mini trek. The locality is also known for a number of lakes that are present - Achole Lake, Nirmal Lake, Bhuigoan Hill Lake, Nandakhal Lake, Gassa Lake, Gorlai Lake and Varmala Lake all make for a good vacation spot for families.

Financial Gain:

Let’s face it Virar might not be the primary residential destination for many Mumbaikars. But, the possibility of buying a house here and renting it out for income is a smart move! Localities like Dahisar in Virar offer good deals on rent with 2 bhk apartments in Virar fetching as much as 20,000 INR a month on rent alone! So, go ahead and pick out an apartment in the hottest upcoming locality of Mumbai and be pleased!

Author Bio:

Shailja is an Indian housewife who loves to write on Real Estate. She is a regular contributor to the columns of many property magazines and also IndiaProperty.com