Showing posts with label residential property in Mumbai. Show all posts
Showing posts with label residential property in Mumbai. Show all posts

Tuesday, 15 March 2016

The Smartest Choice To Buy Flats Is - Township!



Why home buyers choose to live in a township project over a group housing project? Because township is really a complete living experience and all sorts of inclusive cluster of commercial and residential structures with associated infrastructure for example internal streets, schools, hospitals, gardens, convenience shopping, along with other condition from the art amenities – in a nutshell everything that offer an excellent living experience. 
Numerous options are there to live in, Flats, Apartments, Banglows or normal houses. There’s a dearth of residential options in fast-growing metropolitan areas like Mumbai. All major metropolitan areas like Mumbai are growing limitations and integrated township developments appear is the answer. With longer distances to traverse to operate, clients nowadays prefer to exist in a place which has everything they require for any good lifestyle, from spacious houses, schools & schools, malls, and cinema halls- all a stone’s discard. Also using the walk-to-work concept attaining prominence within the densely populated metropolitan areas, Township projects have become a success with home buyers.

Townships would be the next large factor in the Indian property perspective. Townships are made across a sizable land area and many townships are made with the idea of “City inside a city”. All facilities including schools, hospitals, departmental stores, gymnasium, and health spa supply the unique living experience that individual’s demand nowadays which aren’t obtainable in standalone structures. There’s also a feeling of well-being and security when one resides in a gated community of like-minded people compared to a standalone project. Most designers today are visiting a great interest in houses that may give a holistic living experience for his or her clients so we visit a huge chance gift for integrated developments across Mumbai along with other leading metropolitan areas in India.

Because of the altering preferences of clients and also the increase sought after for township houses, additionally they become a more sensible choice in the investment perspective. Townships will also be less susceptible to unpredictability on the market which makes them a great investment proposition. Most integrated townships today are planned in a way they self-keeping, eco-friendly and focus on the majority of the needs of their residents. A number of the many benefits of residing in a built-in township:

City inside a city: A Township provides all the benefits of a town existence in a single location and things are available in your achieve. You are able to live, work, study, eat and play inside a township development.
Holistic living experience: Compared to a standalone building, townships provide bigger open spaces, gardens, and jogging tracks and play grounds which suit the requirements of all age-groups from kids to youngsters towards the seniors. There’s additionally a Walk-to-Work possibility which augments work existence balance.
From urban chaos: Most townships given their sheer size are made from the city that is a large boon to the citizens given that they can avoid traffic, pollution and cramped up city houses. Also these large format developments provide more open and eco-friendly spaces and therefore are usually nearer to character.
One-stop shop: A township is sort of a one-stop shop, the only thing you needs from shopping complexes, to entertainment venues to education and work, all of your needs are met at one place.
Guaranteed Living: Township developments are a lot more like gate towns with enhanced security measures. Considering that security is really a key concern for many families especially working couples who’ve youthful children or elders in your own home, most townships will often have electronic home security systems like video door phones, Closed-circuit television Cameras and all sorts of exits are manned 24X7 to ensure that all citizens can live worry free.
Superior Lifestyle: Residing in a gated community of like-minded people with everything with minutes of achieve, townships do give a superior living experience.
Sustainable Living: Townships help cut travel time, money and energy allocated to one’s daily needs. Integrated township are precisely planned if this involves eco-friendly and sustainable features like rain water cropping, Sewage treatment, Solar power, Energy-efficient houses and complexes etc. Cheaper: Townships are often easy around the pockets. Because they are built outdoors the town limits, the price of land in low which fits towards both Developer along with the purchasers. Lower land acquisition costs makes township houses less expensive as in comparison to houses inside the city.
Well worth the cost option: As in comparison to stand alone structures opportunities in integrated townships offer better return on opportunities. They are also a great wager if this involves rental earnings since many people are searching for an entire living experience today.

Thursday, 28 January 2016

Residential Property Launches Down 20%, Sale Marginally Up 3% in 2015



The launch of new residential projects was down 20% in 2015, while the sale increased marginally by 3%, the global property market and research firm Knight Frank India’s report revealed on Thursday. The report says that the glut in the realty market of the Mumbai Metropolitan Region will continue. The reform in the housing sector has failed to revive the market.

According to report, in 2015, new launches were down by 23% compared to 2014. The demand has shrunk by 6%. The property prices are stagnant. It has registered a marginal increase of 3%. This is the good time to buy the new home, says the report. Interestingly, the budget housing between Rs.30 lakh to Rs.60 lakh are always in demand, now reported in distress in Navi Mumbai, and peripheral of the central and western suburbs. While demand in Thane has slightly up by the 13%. The premium South Mumbai market witnessed a 108% jump in new project launches to 208 units in 2015.

The residential market in the MMR has been experiencing a steady fall in new launches. There was a 23% decline in the new launches in 2015, compared to 2014. During the second half of 2015, sale of housing units dropped by 6% year to year. For the first time since 2008, the demands for office space has exceeded than supply in MMR; office absorption is at 130%of supply in 2015. The information technology industry emerged as the top occupier of office space in the MMR, contributing 46% of the demand in 2015.

We have witnessed a robust office space demand with 7.5million sq.ft. of annual absorption in 2015. The overall market observed big deals across IT and Pharmaceuticals space, some of the largest office deals ever seen in Mumbai. There is a shortage of quality office space in the city; however it is not visible in the peripheral areas. Outlook for 2016 is a further decline in supply making it a favourable landlord market. However, in next 6 months we do see a gap in terms of expectations of tenant and landlord given the corporate earnings is sluggish and rents are likely to increase gradually in select micro markets due to declining supply.