prafull amishra
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Real estate in Mumbai is among the most expensive in the world. Property prices have continued to rise in all parts of the city, be it Powai, Malad, or Chembur. If you are looking to buy real estate, Mumbai could well be beyond your budget. Especially downtown Mumbai properties come with sky-high price tags. But there are other locations that you could consider. For instance, Palava City provides affordable housing within close proximity of Mumbai city. Getting to South Bombay is simple enough by road and local train.
In fact, if you are looking to buy affordable property, there are many new locations to consider. Real estate prices in these areas are poised to appreciate further in the coming years. That could make your investment a worthwhile one in the near future. Mumbai real estate affordable locations:
1. Dronagiri: Dronagiri in Navi Mumbai is mainly famous for the Dronagiri Fort. It falls under Raigad District and is a rapidly growing residential hub. The City and Industrial Development Corporation (CIDCO) is responsible for its development. The current price of property in Dronagiri ranges from Rs.3,800 to Rs.4,900 (approximately) per built square foot.
Dronagiri will be connected to a large number of transport corridors in future. There are various multi-storey constructions coming up in the area. So, investment in a home here could result in substantial profits once the area develops as planned.
Interested buyers should apply for a home loan soon as properties are being sold out. When looking for home loans, don’t just look at banks. Also try non-banking financial companies (NBFCs) like Bajaj Finserv for convenient home financing options.
2. Alibag: The coastal town of Alibag, also known as Alibaug, falls under Raigad District. This town is very popular among real estate investors. The nearest railway station is Pen, which is connected to Panvel by train. Ferry services are also available. These connect Alibag to the Mumbai mainland. A catamaran ride to the Gateway of India operates in the area on weekends.
Alibag could be a perfect choice for investors who love the sea. The property prices here are around Rs.4000 to Rs.5000 (approximately) per built square foot. Real estate investors in South Mumbai do not have much choice, for space is at a premium. But homebuyers in Alibag are free to choose between a range of different housing options, including villas and apartments. You could also look for residential complexes like Palava City.
To secure a home loan for a property here, check out the flexible payment schemes available through various lenders. For instance, lenders such as Bajaj Housing Finance Limited offer attractive home loans with principal amounts of up to Rs.3.5 crore.
3. Mira Road: Mira Road is a fast-growing area of the city. This suburb of the Mumbai Metropolitan Region is a part of Thane District, which is known for its connectivity and development. Mumbai is just 12 kilometres from Mira Road. Thane and Dombivali can also be accessed in a short time. The Western Railways has improved connectivity to the nearby commercial hubs and manufacturing plants. As a real estate investment in Mumbai, Mira Road is a prime location.
The property price in Mira Road has gone up in the past few years. Now, it ranges from Rs.6,000 to Rs.8,000 (approx.) per built square foot. Despite being more expensive than some of the other localities listed, property prices in Mira Road still offer value for money.
Summing up
Whether you are buying property for a home or an investment, these areas offer promising prospects. For a quick and simple purchasing experience, you could contact banks and NBFCs for home loans. You could also get pre-approved offers from Bajaj Housing Finance. With an apartment in Palava City, or in up-and-coming localities like Dronagiri, Alibag, or Mira Road, you are sure to reap rich returns on your investment.
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prafull amishra
posted a blog.
September 17, 2018
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Why Choose Kolkata?
With increasing options available for developing areas and residential areas, it is evident that a person will get confused as to which place to be finalized. Now everybody is aware of the fact that the Durga Puja of Kolkata is something to be experienced at least once in a lifetime. Moreover, Kolkata is the second largest city in India. The classic and unique rail trams of Kolkata is what makes it stand out from the rest. You can experience being in India’s largest cricket ground, world’s second largest football ground and the mouthwatering rosogollas! With many historical glimpses, you will never get bored of the city. Out of many some prominent real estate builders include Siddha Group, Unitech, Elita, and Fort Group. Some ongoing projects include Siddha Galaxia, PS Elixir, and many more. With the decreasing area of living and increasing facilities in gated communities, people prefer to choose flats in Kolkata over individual homes.
Advantages of Buying Flats in Kolkata
1.Security
Living in a gated community assures you of 24/7 safety as well as the presence of cameras in public areas. Your home is never left alone when locked up; there are always people besides your home to assure to keep an eye over your house. In individual homes, you lack all these facilities of security.
2.Amenities
In an apartment, you are provided with all the amenities like a pool, a gym, children's play area, children's pool and anything according to the builder's choice. While when living in an individual apartment you need to go to distant places for all these primary enjoyments.
3.Multi-Cultural Lifestyle
While living in an individual house, you do not have many people from different cultures surrounding you. While in an apartment, you can enjoy a lifestyle among people of different cultures experiencing their traditions and cuisines.
4.Maintenance
Once you decide to live in a gated community, you can live a hassle free and peaceful life. You need not run behind the maintenance and your water supply, electricity supply and all such necessities. In a gated community everything is managed by the society wherein everybody gives equal time and contribution.
5.Property Rates
The property rates in Kolkata is much less compared to many other metropolitan cities like Mumbai and Delhi. The place which is known to be an equal blend of tradition and modernism is the perfect place for you to settle down.
6.Education and Career
The education in Kolkata is known to be of high standards including many known schools and colleges. With many IT companies and other business developments, the city is welcoming many migrants with open arms
Some Interesting Kolkata Facts
1. The largest banyan tree in the world is situated in Kolkata
2. India’s oldest metro is originated from Kolkata
3. Kolkata houses world’s second biggest used book center
4. Kolkata was the capital of India during the British rule
5. You must choose 2 bhk flat in Kolkata is more sell as compare to 3bhk flat
With such a vibrant blend of tradition and modern lifestyle, it makes it Kolkata one of the best places to live in. You can also avail of home loans from some prominent finance services like Bajaj Finserv. Homes & Loans by Bajaj Finserv is the perfect platform to explore flats and other properties in Kolkata with direct links to an easy home loan application. They provide a hassle-free home loan procedure with maximum advantages for you. Also, projects like Siddha Galaxia are a ray of hope and appreciation to live in the classic modern apartment among the flats in Kolkata.
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