Trans-Harbour Link Will See Drastic Dropdown In Property Prices In South Mumbai & Western Suburbs

The Union ministry of environment and forests decision of granting in-principle approval to the 22km Sewri-Nhava Shewa Mumbai Trans Harbour Link will significantly downsize the skyrocketed property prices in Mumbai and will boom the prices in Navi Mumbai – Particularly in Ulwe and Panvel. According to the government, the Rs. 12,000 crore project will be vital connector for the upcoming Navi Mumbai International Airport and South Mumbai. It will cut down the travel time drastically. It will be a big boost for the Navi Mumbai real estate sector and will also cut the down skyrocketed prices of the South Mumbai

This much awaited project will open the 700 sq.km of land in Navi Mumbai that is hardly 20-25 minutes away from South Mumbai. While buying a house, people look at two things: convenience and location. This link will provide both. The buyers will get lot of options while buying an apartment. It will also put the huge pressure on soaring prices of South Mumbai and western suburb and in the coming days, the property prices of these area will start falling drastically.

Now, this link will provide ample land. The only hunch and fear is that the Cidco – the government planning authority – should not play spoilsport by controlling the land and releasing it in short quantum. The government should monetize the land but it should look at the effective use of land. The land efficiency should be increased. 2015 was a disappointing year for Navi Mumbai but 2016 will be a game changer. "In Navi Mumbai, Ulwe and Panvel areas are the most preferred because of the locations and infrastructure. The future belongs to Navi Mumbai. We have been waiting this link to happen for quite a long time. We are grateful to government taking this project at war footing.

The tender procedure of this ambitious link construction will start in March. "We are planning to do this on the cash contract basis. Interestingly, earlier also, three times the tender was floated but to due to the tepid response the link could not proceed further in the last 15 years. Besides, government is also working out a formal loan agreement with the Japan International Cooperation Agency (JICA) to fund the project. Government wants to complete this link at the same time when the airport gets ready.

A Guide To Beautiful Home Walls

Creatively designed walls add a unique look to the home décor. And we all put extra effort to decorate the walls in the best of our ways. Though white washing or painting is not the only option to refurnish or decorate the walls of your home. And also you don’t need a huge budget every time to redecorate the walls. Rather, what it takes to create magic on the walls is just a little planning in the budget and creativity can make your wall look different and stylish.

Decorative Wall Paper: Wall papers are amongst the best option to decorate walls. These are cost effective, easy to install and saves a lot of time as compared to painting walls. And above all you get ample of wall paper options to choose according to your choice and budget as well.

Mirrors: Mirrors are not only meant for bathrooms or to be used or dressing purposes. Different shapes and sizes mirrors can create magic in the home décor while leaving the wall looking amazing. Mirrors make the space look bigger and they are economical and requires a little bit of creativity. There are lots of different types of mirrors easily available in the market that includes antique mirrors, mosaic among many more, or you can even design mirrors by your own way.

Mementoes, wall stickers or symbols: If you are frequent traveller, then you must have loads of mementoes which you can easily use to decorate the wall. Wall stickers and symbols such as puppets, decorative lamps, wind chimes and many more are also available in the market in various shapes and size. These home décor items are very easy to use and can be re arranged and again without putting much effort.

Images: You can create your own customized wall by framing your own images with family and family of some cherished moments. It can be one single canvas or photo frames of different sizes and shapes arranged on the wall in a collage form. The pictures can also be of any monuments or scenery or any of your aesthetically creative images. The frames can comprise of your artworks as well. Quirky quotes, cartoons, or illustrations are also good decorative wall items.

Posters: Give some arty and dramatic look to your wall by putting up some film posters. These posters can be of old Bollywood movies or any other classic English movies. Though it’s better to frame them, but you can put them on the wall casually as poster also. The posters add a unique style statement to the wall and looks stunning.

So if you are planning to redo your home walls, then try these simple, easy and budget friendly tricks to decorate your home walls.

Are You Looking For Affordable Homes?

Though affordability is a relative term, it is pertinent to look at destinations where residential properties are available relatively cheap. Here are top 5 cities with great lower-budget real estate investment prospects.

Navi Mumbai, Maharashtra

While property has increasingly become unaffordable in Mumbai, Navi Mumbai still provide numerous budget options ranging from Rs.30-Rs.50 Lakhs. The proposed SEZ’s at Dronagiri, Ulwe and Kalamboli, and the upcoming international airport at Panvel could change the face of this satellite city. These projects are expected to generate massive employment, and further boost demand for commercial and residential developments. The government’s approval to the Mumbai Trans Harbour Link will also provide a flip to Navi Mumbai’s property market.

Nagpur, Maharashtra

Nagpur is one of the fastest-growing cities in India. Its main claim to fame includes its MIHAN and SEZ projects. With Nagpur being turned into the next IT hub of Maharashtra, the city is set for a major transition in its real estate profile. The already established MIDC corridor along with the upcoming IT parks have made Nagpur attractive for realty investors. Government initiatives such as connecting Nagpur with Mumbai via expressway and an international airport will further work in the city’s favour.

Surat, Gujarat

The diamond capital of the world is a well-developed metropolis in Gujarat. Rated as one of the fastest growing cities of the world, conferred with the best Urban City of India award, Surat has also been recognized as the cleanest city in India by INTACH. Rapidly improving infrastructure initiatives have helped modernize Surat significantly. Micro-markets in New Surat, such as the entire stretch of Dumas Road, are dotted with malls, multiplexes and top-notch residential apartment projects. The city’s excellent road network, among other things, will help transform it into a realty hot bed.

Ahmedabad, Gujarat

With the city being a prime example of organized and fast-paced development for the rest of the cities in India, Ahmedabad has come a long way. With huge investments pouring into the state, rapid infrastructural development in the form of bullet trains, GIFT Smart City, the entrepreneurial nature of the population and a supportive, stable government, everything is going right for Ahmedabad. The oil, gas and energy industries, petro-chemical industries and automobile manufacturing industries are some of the major factors driving perennial demand for real estate in the city.

Hyderabad
Hyderabad could be one of the most affordable tier-1 cities in India. Even well-developed residential localities in the city such as Manikonda, Kukatpally, Miyapur and Sainikpuri, offer residential properties in the budget range of Rs. 30 to Rs.50 lakh. Property prices in Hyderabad are almost 60% of those in Bengaluru and Chennai. With the return of political stability, Hyderabad can now expect large investments into its property market.

Stunning Kitchen Trends For 2016

Who doesn’t like to decorate their home that too all by herself or himself?? Talking about home, kitchen is one of the most busiest and important part of a house. Well, this article will explore some of the main aspects of kitchen design for 2016! Broken into sections based on features this article will offer DIYers a leg up for getting and staying on trend in your home remodelling projects. To the normal eye, a kitchen is simply a kitchen; yet with a bit of creativity and some old fashioned elbow grease, the place where food is cooked can be so much more.

Cabinets

As natural and organic looks are in style, wood and earth-inspired cabinetry will be everywhere this coming year. Further, as the organic tones of such cabinets can offer the warm honey and chestnut tones that remind one of the still-popular country chic look, the materials create a versatile look, one that will continue to be highly desired in coming seasons.

Fixtures

The fixtures of a kitchen can make or break the completeness & professionalism of your home DIY project. This year, following the trends of naturalism and approachability, warm colour taps and knobs are said to be very in style. This includes brass and reflective metals, and even the mixing and matching of materials, for instance, a copper and chrome combination. Lastly, if one is on a strict budget, the neutrality of this palette gives a long lasting look that should mesh with a number of trends both present and future.

Sinks

Remember when all kitchen sinks had to be shallow and white to be considered fashionable? To best compliment a more natural overall appearance, colourful (non-white) sinks are said to be the best option for any do it yourself kitchen makeover in 2016. The reason this specific type o sink is said to be becoming so popular is because the concept allows greater options when following many of the other trends previously mentioned. What’s more, large sinks are going to continue to dominate the kitchen décor world.

Floor Plans

A floor plan for a kitchen in 2016 will by itself not differ all that greatly from those designs of 2015. The difference, however, will be in how it relates to the rest of the home’s cohesion.

Eating Areas

As much as I hate to say it, multiple sources have reported the end of a classic piece of family furniture. Yes, many designers feel the kitchen table is “out.” Thanks to new ideas like tall pub tables, increased breakfast bar space, or just simply additional countertop space, the old table is beginning to be eliminated from the 2016 decorative list; whether it will ever be gone for good will only be told with time.

Mumbai Realty Sector To See Massive Positive Change In 2016

The year 2015 was an eventful year for the real estate sector in Mumbai. Many new guidelines were issued by the government for the sector, which, hopefully, the industry players feel should come into the force in 2016. One of the major announcements by the government is “Housing for all in 2022” among the other major initiatives like smart cities, relaxed FDI norms, affordable housing, State Regulatory Bill, etc. Experts are of the view that these plans when implemented will propel growth in the realty sector. FDI in real estate is expected to provide a significant boost to the sector in terms of greater foreign capital inflows. The other projects will now get a boost by the substantial participation by the foreign investors. This move would create more job opportunities.

The real estate industry outlook is looking increasingly positive based on improving macro-economic fundamentals. There is stable inflationary policy and over the long term this will continue to benefit asset prices; unemployment figures continue their downward trend in most major markets leading to an increase in demand for real estate. Furthermore, commodity prices that affect consumers and the real estate market are lower relative to recent years and look unlikely to rise significantly in the foreseeable future.

The government has initiated a number of policies which when implemented should hopefully see the sector come out of its slumber and attract huge investments into the sector going forward. If the development plan 2034 is passed this year, it could well be a game changer for the Mumbai real estate market. The city is in dire need for a realistic plan. It would be a roadmap for the city’s growth and development. Apart from the above the industry has been asking government to grant industry status and single window clearance.

Due to these initiatives there would be faster clearance procedures and quick approvals would largely reduce the handover time and increase customer satisfaction level. “Housing for all by 2022” scheme, the government along with private developers will have to work in tandem, based on the PPP model if we are to see maximum number of people housed within the given time frame. The State Regulatory Bill is another major policy initiated which will help bring in more transparency into the sector. Also, the ‘Make in India’ and ‘Digital Media’ campaigns launched by the government will give a tremendous boost to the commerce property space.

The year 2016 is also expected to see a trend of developers majorly catering to the mid and lowers housing segments as prices are expected to stabilize given the policies initiated by government in “Housing all Indians by 2022”. But at the same time, property developers believe that there will be an increased demand for luxury housing as income levels continue to rise coupled with high aspirations of home buyers. Developers focus should be on affordable housing which has potential to give the much needed thrust to the entire realty sector. Senior citizen housing is also another segment that has huge potential to develop in our country. We believe that the coming year 2016 will be the year if “Affordable Housing in India” and hopefully should fulfil the dreams of millions of home buyers across the country.

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Mumbai In Top 10 Affordable Property Market

Navi Mumbai is included amongst top 10 cities of India which offers an affordable property market to the buyer’s followers by other cities like Hyderabad, Pune & Ahmedabad. The apartments in these above mentioned cities are available within the budget of Rs. 30 to 50 lakhs, according to JLL India. Apart from these four cities the other six cities includes Kochi, Ghaziabad, Jaipur, Nagpur, Surat and Coimbatore.

In its latest report, property consultant JLL India has listed ten cities that offer great lower-budget real estate investment prospects over medium to long term. These towns and cities offer a wide spectrum of investable options in real estate with relatively lower property price levels, providing the incentive for future capital appreciation and healthy returns.

While property prices are pretty much spiced up in urban areas of Mumbai, Navi Mumbai still provides numerous options for residential housing within the budget of Rs. 30-50 lakhs. The proposed SEZ’s at Dronagiri, Ulwe and Kalamboli, and the upcoming international airport at Panvel are expected to help generate employment and boost demand for commercial and residential developments!

 For enquiry click here - http://gurukrupagroup.com/contact_us.aspx

Mumbai amongst Top 30 Cities to Invest In Property!

Investor activity in the real estate sector, which had reduced to a lull over the past three years, is finally set for an uptick in 2016 riding on regulatory reforms, says analyst.

Financial services firm ASK Group plans to set up its equity investment in Indian real estate market to upto Rs. 1, 500 crore during this year as it sees good demand in mid-segment housing projects.

Developer’s initiatives such as offering attractive schemes and deals to buyers, coupled with lowering of rates by the Reserve Bank of India, seem to be encouraging the fence-sitters to enter the real estate market this year.

Accordingly to a study conducted by international real estate consultancy JLL, India’s financial capital Mumbai has been ranked 22^nd while the national capital Delhi is placed at the 24^th spot!

The Real Estate Investment Division at the Federation of Egyptian Chambers of Commerce Egyptian Real Estate Council, approved the amendments made by the Egyptian Real Estate Council on a law that will restructure the real Estate Developers Association, according to the division Chairman Mamdouh Badr El-Din.

We at GuruKrupa offer buyers some serene spaces to buy their dream homes and make most out of it! Our running projects in Mumbai’s vibrant suburbs will offer each buyer an experience of a life time. Our projects include 1, 2 & 3 BHK lavish flats, sea-view apartments to escape from the hustle and bustle of the city.

To check on our ongoing project please click on this link: http://gurukrupagroup.com/marina.html

For enquiry click here - http://gurukrupagroup.com/contact_us.aspx