While investing in a home location plays a key factor in the valuation of a property. But how is the real estate value of the location determined?
Every place comes with a tag of various parameters that adds to its estate value like demographics, interest rates, economy, government policies and subsidies. Especially when one is looking for ready-to-move-in or under-construction projects in Mumbai. The following factors contribute to its estimated value. Flats in Mumbai are the most profitable in an investment portfolio, only if chosen carefully. One way to find out is to research the location based on certain attributes such as centrality, neighborhood, infrastructure, connectivity, future potential and plot location. With Mumbai being an extensive metropolis, an area that has proven potential in all the above attributes is Dadar. Property in Dadar East specifically has upsurge in the real estate market owing to these following characteristics- Dadar junction that interconnects the city
A strategic infrastructure for easy access to quality fundamentals Dadar is planned to be prominent station on Line 1 of the Monorail project connecting major parts of Mumbai. The coastal road project, which is also in the works, will improve the connectivity of the Locality. The three interchanges along the coastal road, Amarsons Garden, Haji ali and Worli seaface, will put prominent business districts such as Bandra Kurla Complex, Prabhadevi and Nariman Point at arm’s length from Dadar
Dadar has a reasonable outlay as compared to other places, thus a luxury property in Dadar East is a cost-effective investment with an assured ROI Bombay Realty is an esteemed name in the real estate market that has implemented an ambitious project that provides luxury apartments in Mumbai. Island City Center towers stand tall at the heart of Dadar city exemplifying the status quo. The 59 and 65 storeyed towers of One ICC and Two ICC respectively offer configurations of between 1611-2488 sq ft of carpet area on specifications ranging from 3 and 4 BHK apartments equipped with international marble/wooden flooring, top international branded CP fittings, decor and modular kitchen. A plethora of amenities occupies the complex with 45+ privileges for a spectrum of needs. Clubhouse, Gazebo Lounge, BBQ pits, welfare centre, mini theatre, multi-purpose lawn are some of the prominent amenities at ICC that provide an optimum living experience. Instead of opting for under-construction projects in Mumbai which could have been delayed due to the pandemic, Bombay Realty is offering ready-to-move-in apartments that are lavish and secured.
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The millennials arrived at the scene of independent living or settling down in this past decade. This resulted in a significant change in the real estate landscape of Mumbai. The generation that was at the focal point of transition to the digital world, has to adapt to what has transpired in housing so far. The living space is no longer defined by just families. There was a huge shift in the working and social structure of India since the late 1990s as the IT sector took over the industrial component of India. Such employment structure led to professionals exploring various housing arrangements such as live-in, multiple roommates, PGs, co-opting, bachelor pads, and many more. While these arrangements brought a new wave of housing, the real estate market still couldn’t establish a stable base in Mumbai due to this increasing demand. And to add to the problem, the shortage of space posed another threat to the flickering price trend. To solve the housing crisis, MMRDA issued proposals to develop the nearing suburbs to accommodate a large margin of mid-income groups. Two objectives accomplished were: first, these accommodations were an alternative to the city life for peaceful living, with convenient accessibility to the rest of the city. The second pillar was providing economic resolutions for the inflated prices in Mumbai city. The housing prices in these suburbs are significantly lower than the plush areas, on a considerable carpet area. One such suburb that has been developed with real estate as the primary focus is Badlapur. Affordable housing is the USP of this city. Features of Badlapur Real EstateBadlapur is the green haven amidst the concrete landscape of Mumbai. - The connectivity of Badlapur to the rest of the city via the Mumbai Suburban Railway Network is the key factor for the property in Badlapur. - An extrinsic factor is the tranquility one experiences in the quiet and fresh atmosphere. - To facilitate convenient living for the growing population, quality fundamental services like schools, hospitals, and shopping centres are incorporated in the vicinity. - Several proposed plans for the extension of Metro lines and road connections to Badlapur have further enhanced demands for flats in Badlapur. - Badlapur is also a cost-effective investment as it has capped on the maximum prices of 1 BHK and 2 BHK flats in Badlapur. this suffices the need for permanent residences but within budget. - Another aspect of this market is the speculative future of Badlapur. Investors are betting on the upgrades in the upcoming years, that would enhance the value of property in Badlapur. Affordable Segment in BadlapurAs stated earlier, millennials had a hard time venturing into real estate investment due to the lack of a feasible price structure. ~As a first home buyer, the 1 BHK flats in Badlapur East are conducive options not only as an investment but also on the spacious rooms that come with the price. ~Moreover, the hybrid work model has awarded the freedom to choose a space according to one’s preference. People who are employed in the Thane-Kalyan-Ulhasnagar areas prefer to stay in Badlapur on sharing basis. For such arrangements, the expense per person for 2 BHK flats in Badlapur East comes down to the cost of less than a 1 BHK flat in Badlapur. ~From strictly investment POV: the average price in Badlapur was Rs.3,987 per sq. ft for Oct-Dec’ 2021– which is less than 1/3rd of the northern suburbs like Dahisar. This implies how cost-efficient your investment can be in long term, given that the overall trend for flats in Badlapur is on a gradual uptick. Buy 1 BHK flats in Badlapur East at reasonable rates to sell at higher prices in the next 10-15 years for the best ROI. ~National Real Estate Development Council or NAREDCO has launched Ambernath-Badlapur Unit in 2021. This has helped in constructing over 10000 affordable housing units undertaken by 100+ members. All these projects are registered under MahaRERA, which ensures quality essential supplies in even a 1 BHK flat in Badlapur. How is the Union budget’2022 helping new homebuyers?When you invest in any asset, a long-term capital gain (LTCG) tax of 10% is levied with an additional surcharge. This surcharge varies for equities and shares from 10-15%, but on the housing property, this surcharge tax peaked up to 37% in 2021. In this budget, the Finance Minister has made a modification on a surcharge for all assets, capping it at 15%. Simply put, you have to pay only an additional 15% on LTCG surplus when you own a property. This expense is quite smaller when corresponding to the affordable 1 BHK flats in Badlapur East. A project that has redefined Badlapur EstateAryan One is a flagship project in Badlapur that offers 1 BHK, 2 BHK, and 2.5 BHK Flats & Apartments in Badlapur East. So what is the allure of this project? Well, imagine waking up to a green panoramic view from your apartment that is ventilated by the high AQI fresh air. That’s exactly what you get from these 1 BHK luxury flats in Badlapur, starting just at INR 28 lacs. With this package, you get a plethora of quality amenities like a swimming pool, gym, and a ready clubhouse that includes meditation, games, yoga, music rooms. There are open spaces to relish with a Sky Garden and coffee lounge, and the luscious greenery simply adds to the luxurious living experience– a perfect deal for young professionals. Read More - 5 Factors That Have Enhanced the Significance of Badlapur Why pick One when you can have it all? With superb connectivity and relevant infrastructures, Aryan One brings you the most sustainable township that provides you with nearby destinations to fulfill your day's needs. Learn More -aryanone.in aryan_one_badlapur_location_benefits.mp4 #real estate#Flats In Badlapur#Property In Badlapur#1 BHK Flats in Badlapur East#2 BHK Flats in Badlapur#2.5 BHK Flats & Apartments in Badlapur East In the buzzing city of Mumbai, the skyscrapers of Island City Centre stand proudly amongst the others on the city skyline. With so many unique privileges and features offered at Island City Centre that you can live the elevated lifestyle you've always wanted.
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