Mr. Babulal Varma - Managing Director, Omkar Builders talks about their contribution towards slum redevelopment and how Omkar provides employment to people through various skill development programs.
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In a city like Mumbai, one can never run out of weekend outing ideas. Hey, even the blues of a long week can be cured with the many cafes, gardens, pubs and more that are dotted in some of the places in Mumbai. So, that's one thing to look forward to if people choose to invest in residential projects in Mumbai.
Here is a list of 4 amazing destinations in Mumbai to get you excited for a fun and vivacious lifestyle in ‘the city of dreams’. 1. Chota Kashmir Boating Club, Goregaon If you love water sports or are just a passionate water lover, Chota Kashmir Boating Club is the perfect spot to enjoy a boat ride and enjoy the calming waters. Also, the green beauty of the Aarey woods makes for the perfect view as paddle away across the serene water. 2. Sanjay Gandhi National Park, Borivali East No matter the age group, the Sanjay Gandhi National Park is a wondrous place for everyone. The lush beauty treats everyone to a fun and relaxing time. The park is known to be one of the best hang-out/tourist locations of Mumbai. One can sit by the water bed, go hiking, or just stroll leisurely. 3. Nehru Planetarium, Worli There's no place better to learn the science of astronomy than at Mumbai's very own Nehru Planetarium. With lectures and discussions held by experts on major astronomical events, the venue combines education and fun in the best way for a fantastic learning experience. Catering to minds, novice and experienced, the planetarium also offers shows on 'Stars & Wonders of the Universe' in Hindi, English, and Marathi from Tuesday to Sunday. 4. Mahakali Caves, Andheri East Andheri has already established itself as a residential hotspot, with several commercial projects in Mumbai located on this western suburb. Add to this the allure of the Mahakali Caves built between 1st century BCE and 6th century CE, and you have the perfect mix of old and new world charm in your locality. These Buddhist caves are a popular tourist attraction for many, offering a glorious lesson on history and architecture of the city. 5. Parsi Fire Temple The Seth Banaji Limji Agiary, also known as Mumbai’s oldest surviving Zoroastrian fire temple, is a grand structure that imbibes the rich Parsi history of Mumbai. While the inner sanctuary of the temple is accessible only to members of the Parsi community, you can take a tour of the beautiful Fort district where the landmark is located, and soak in the cultural heritage that the city has to offer. These weekend getaway spots, among many others, make Mumbai one of the most ideal places for investment, in the country. Taking the best of traditional and urban spaces to create modern masterpieces of architecture is what makes this city a crowning jewel of real estate opportunities. So, go on and grab this chance to buy some of the best residential projects in Mumbai, and come home to a life of comfort, style, and luxury. The concept of modern lifestyle isn’t only defined by the design and architecture of a home. The surrounding has its own charm to add to the comfort and luxury of it. Most realtors scout for that perfect location that matches the project’s stature. There are many locations like Malad, Goregaon and BKC where you can find some of the most promising upcoming projects in Mumbai.
The real estate market of Mumbai is an ever-changing one because the never-ending competition and the great number of trends that captures the interest of home-buyers. Hence, the requirement for a new residential property in Mumbai always differs. If someone wants a home away from the city's chaos, a home like Omkar Sereno is great. However, Omkar 1973 offers uber-luxury accommodations in Worli's prime location. Whether it's from a completed project or an under-construction property, when buying a home, here are a few things to keep in mind: • Location • ROI • Amenities • Configuration • Price Under construction projects in Mumbai are in abundance thanks to the many upcoming developments and new hot spots. If a plush home in high-class locations is the goal then locations like, Goregaon, Andheri, Bandra and Worli are great options. With a rapid evolvement of real estate trends, anyone today, can find top-notch features like smart- home devices, high ceiling lobbies, high-end amenities, configurations that promise spacious bedrooms and so much more. Here are some figures that shows the stellar performance of Mumbai’s realty market in the last two years: • According to a report by Knight Frank, a real estate agency based in London, there were 46% more new launches and 3% more sales compared to the first half of 2017. • Last year, of all the major seven cities in India, Mumbai had the highest sales volume that amounted to 13,659 units in H1 2018, up 11% from 12,309 units in the year-ago period. In the coming years, there will be an estimated growth of 70% in the number of individuals with a net worth of USD 50 million. With this new phase of ascension, the city has furthermore left aspiring home buyers spoilt for choice. Nonetheless, finding a good time to buy a home is still important. So far, Mumbai’s realty sector seems favourable enough for people to buy homes. Many projects from renowned names have laid out offers like bank subvention schemes and brilliantly crafted limited edition homes to make the home-buying process a lot easier. The above facts just add to the length of the long list of obvious reasons as to why living in Mumbai is itself a luxury. Whether it’s a compact lifestyle or an uber luxurious lifestyle, Mumbai is the city to enjoy it all. So, go on, choose a home that fits your bill. Luxury homes are quite the earn. Therefore, it is imperative that the home is worth the spend. If one considers investing in luxury properties in Mumbai, then it is important to note that in a city like Mumbai, the concept of opulence is very advanced. Which means, luxury is not only found in the interiors of homes but also in their vicinity. The location of a luxury home also does a great deal in maintaining the appeal and eminence of the project.
So, if one wants to invest in luxury flats in Worli like Omkar 1973 or other posh localities of the city, here are some tips on determining the location’s merits: Check if it meets your needs: As tempting as it sounds, being cooped up in the four fine walls of a home isn’t possible. A well-groomed social life is always kept in mind while hunting for the perfect luxury home. So, make sure if the location meets needs like: 1. Great connectivity 2. Facilities like good schools, hospitals, and markets 3. Entertainment spots like pubs, cafes and restaurants 4. And most importantly, the neighbourhood Attend site visits/open houses What better way to get the feel of the location than visiting it? It is important to visit the site and location of a residential projects to thoroughly affirm the location’s favourability. Choose a location that meets long-term comfort A home is a long-term investment. Hence, throughout the longevity of it, comfort must be the one factor that should remain constant. So, it is good to go over all the criteria that constitutes a good location to see if it meets long term conveniences. Get as much knowledge about the location from the builders of the projects. Homebuyers may be aware of the current status of the location. But hey, it’s Mumbai. Infrastructure is always on a roll. Many realtors while selling a project do point out the upcoming developments. So, asking the realtors about the future of the location is wise. The higher the quality of luxury, the better the comfort. And a luxury home in Mumbai should provide exactly that. So, even if the project gives a grand welcome through its double-heighted lobby or pampers us with amenities that we never would’ve thought of, it is very important that these heavenly offerings go hand in hand with the luxury the residence’s location has to provide. Are you planning to invest in a residential property in Goregaon West soon? If yes, then what follows will guide you while making your purchase decision. The good thing about the properties available in this area is that there are plenty of options to choose from. Given this choice, you will get to decide between a bigger home and a smaller home, amenities, etc.
In bigger cities, it is natural for most people to opt for as much living space as possible. If you are in the same league of buyers, then it is essential to consider certain aspects of property purchase before freezing your buy. You need to understand the amount of space available, the price, amenities available, accessibility to prime locations, etc. before moving ahead. Read on for more. Buying 3 or 2 BHK in Goregaon West? Before looking up flats in Goregaon West, you need to ascertain the sort of place which you’d prefer to live in. You also need to determine the possible sales returns in case you desire to move to another place in the future. Check out the amenities available and the cost of the property as well. Additionally, calculate the carpet area, built-up area and the super-built up area of flats in Goregaon West to make sure that you are getting the full value for your money. When it comes to checking the credibility of builders, it is best to ask around for testimonials from existing clients along with researching upon various projects. It would be a good idea to make a quick list of Tier 1 and Tier 2 builders to estimate the sort of offerings they can provide. Way Forward Whether you are keen on buying a 3 or a 2 BHK in Goregaon West, it is essential to make an estimation of your immediate residential space needs and budget at the earliest. Proper research will go a long way in getting you the dream home you want. Mumbai ranks high when it comes to quality of life, the standard of living, and career growth. The financial capital of India also has a burgeoning real estate potential and presents investment options for it. With the Mumbai real estate going through a phase of massive and rapid changes, the sector is set to experience increased demand in residential, office, and retail investments.
The real estate prices and costs of residential property in Mumbai have already crossed INR 10,000 per sq. ft. However, how wise is it to invest in the real estate market in Mumbai, which happens to be one of the most expensive cities? Read on to find out. Mumbai – a Lucrative Real Estate Market Mumbai, one of the costliest cities in India is considered as a bankable choice when it comes to real estate investment. The current year is one of the best times to buy residential property in Mumbai with the city witnessing increased affordability and lower entry prices in some areas. Thus, despite the lack of open spaces and traffic jams, investing in a property in Mumbai is a wise decision because of the rapid decline in unsold residential inventory in the city. Why Should You Invest in Mumbai Real Estate? 1. Mumbai has always been popular among real estate developers, and it is easy to see why. 2. The fast developing infrastructure with modern amenities make Mumbai and its real estate lucrative. 3. There are a generous number of property options available to pick from in Mumbai, Navi Mumbai, Greater Mumbai, and Thane. 4. Great offers, good deals, and huge discounts by the builders because of the piling unsold properties. 5. Introduction of metro railways, wider highways, better roads, and world-class infrastructures make Mumbai an attractive option to buyers. 6. India Apartment Index indicates the majority of Mumbai localities to witness a price rise in the future and thus it is prudent to invest in Mumbai real estate now. Promising Localities in Mumbai While some areas of Mumbai are beyond the budget of small-term investors, there are neighboring regions that promise a decent standard of living and these are affordable for both buyers and investors. For example, Panvel and Jogeshwari East in Navi Mumbai are considered a profitable option at present. Kamothe, Karanjade, Ulwe, and Dronagiri offer hopes of substantial capital appreciation in the coming years. Investing in a property in Goregaon West and Wadala also promise handsome returns. Real estate in Mumbai is a fruitful investment, provided you know where and when to invest. As a smart investor, you should be aware that specific areas with the introduction of Mumbai Metro by 2021 are going to become expensive. It is essential to understand the real estate market thoroughly to make the right choice. Property investors strongly feel that investing in a property in Mumbai is a good decision for life. Irrespective of the location you will be able to earn high capital gains by investing in property in here. High-end buyers can invest in locales like Colaba, Cuffe Parade and Nepean Sea Road. But with the shortage of land in south and north Mumbai, the city is growing towards the north in suburban locations too. There are plenty of new residential properties in Mumbai which offer the best in class living. This makes these localities a favoured investment choice.
Most new projects are high-rise and residential towers comprising plenty of dwelling units with varying facilities. On account of enormous pressure for providing housing for its residents and the migrants, government is going one step further to increase the supply of flats for sale in Mumbai. As a result of massive urbanization in the suburbs, Mumbai is predicted to see quite high demand for residential space. The market of Mumbai offers high investment returns to the investors including property investors. This is actually the core reason why Mumbai is exerting a pull-on investor throughout the India and world alike. Property investors do have adequate incentives to invest in the real estate in Mumbai. While 2017 was a year of legal amendments in the property sector, 2018 will be the year of reaping the benefits of the amendments. The implementation of GST, RERA and the demonetization drive has made real estate friendly and transparent for buyers. The confusion and lack of clarity were palpable till the end of 2017; the beginning of 2018 promises clarity and a hope for genuine buyers: increased transparency and lower home loan interest rates. All this makes 2018 the ideal year to invest in real estate. A good chunk of the earning population invests their money in real estate projects – either residential properties or commercial projects. The buyers who were sitting on the side-lines waiting for the opportune moment to invest are now ready to make their move. While majority of your price on the property can be funded with home loans, the buyer still needs to invest a certain amount of fund from one’s end for the booking amount. Buyers should invest a monthly amount in lucrative investment schemes. Over the years, the principle amount increases, and the returns can be reaped by the investor. The amount received at the end of this investment can be used a booking amount by home-buyers. Some buyers invest more than the minimum booking amount as down payment which reduces their loan amount and thereby the value of EMI. With proper planning and knowledge, he can make the process relatively easy. With the migration to major cities in increasing on an exponential percentage, investing in real estate is the best and safest method for long-term returns. |
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