+912248932928

Blogs

Developing Iconic and Exclusive Communities for Holistic Living

2021-10-11
Real Estate Trends

Best Residential Areas To Live In Mumbai Suburbs

Mumbai, formerly known as Bombay, is the capital of Maharashtra state. It is the country’s financial and commercial hub and serves as a principal port on the Arabian sea. The city carries a legacy of rich heritage from various departments right from Architecture, to culture, to art and entertainment. A lot of people dream to be a part of Mumbai’s fast-paced lifestyle in search of better growth & job opportunities. Having said that, finding the right place for you to live in the City of dreams can be frustrating and daunting. Blessed to be one of the most diverse cities in the country, Mumbai has a wide breadth of areas and suburbs to choose from.

The most important factors in choosing the right place are proximity to work, the convenience of schools & colleges for families with kids, and affordable prices for the house. Living in some of the popular suburbs can come with a hefty price tag attached to it, however, multiple projects in Mumbai suburbs claim to offer a comfortable and luxury lifestyle at affordable prices.

Some of the best residential areas in Mumbai’s suburbs that have gained popularity amongst the real estate developers in recent times are listed below

1. Dahisar

Located in the northern part of the city, Dahisar has witnessed rapid development in social infrastructure, better modes of connectivity in recent times. The locality has also emerged as a prospective commercial hub due to forthcoming IT & Business parks. Needless to say, Dahisar is now one of the hot choices for property developers to target. Experienced in commercial and residential spaces over 2 decades, N.Rose developers in Dahisar, have presented their mighty project ‘Northern Hills’ in Dahisar East. The masterpiece which is soaring 676 ft. high into the skies is the tallest tower in the region.

2. Borivali

Borivali stands tall as a primarily residential area in the Northern suburb of Mumbai. Apart from Sanjay Gandhi National Park being one of the main attractions in the locality, schools, colleges, hospitals, cafes, and restaurants, Borivali has it all. Talking about connectivity Borivali is well connected to other parts of the city via Western express highway, S.V road, buses, taxies, and railways. Borivali Railway station is one of the most important & busiest railway stations on western lines as it is the starting point for local as well as many outstation trains.

3. Malad

Malad has gained popularity as the best place to live among working professionals as its a hub for MNCs. Situated almost at a center between the region Borivali – Andheri, it has added advantage of being accessible to all the major corporate offices in surroundings, providing some of the best street food joints and popular restaurants, Malad is the best choice to live for the young working-class crowd. The locality is also known for providing the best projects that aim at comfort & luxury for the middle class and upper-middle-class families.

4. Andheri

One of the largest suburbs in the heart of Mumbai, Andheri is home to some of the biggest corporate giants, Media houses, and IT companies. Being centrally located and having multi transit options makes life easier for people living in Andheri to travel across all the parts of the city. It is well connected to the western, southern as well as central suburbs of Mumbai via networks of roads, metros, & railways. Andheri also has added advantage of having Chatrapati Shivaji Maharaj International Airport in its proximity, as well as a domestic Airport in the nearby area, compared to other suburbs of Mumbai. From popular schools like St. Xavier’s High School, Sardar Patel College of Engineering to 5-star hospitals like Kokilaben Ambani & Seven Hills hospitals, to plenty of shopping centers and markets in the nearby vicinity, popular restaurants and world-class hotels like The Leela, Hyatt, ITC Maratha to name a few, Andheri provides all kinds of social amenities to its residents. For people who want to get closer to the town at a comparatively lesser cost, Andheri is the best choice.

5. Ghatkopar

Due credit to the infrastructural development over the past few years, Ghatkoper is emerging as one of the happening places in the central suburbs of Mumbai. With new businesses blooming in the area, it has now become a prime location for malls, restaurants. Typically Ghatkoper West can be categorized as a commercial hub, whereas Ghatkoper East is mainly a residential paradise with quality projects by some of the renowned developers of the city. The presence of top educational institutions makes this locality a respected place across Mumbai. Its metro station is well connected with other parts of Mumbai making it a convenient place for a day-to-day commute.

Every day the city of dreams welcomes thousands of people. Each one has different needs and expectations from the city. Each locality in the City has its pros and cons, and unique character. It is advised to know your needs and lifestyle expectations in-depth, before choosing a locality for your dream home in the magical city.


Real Estate Trends

Impact of RERA on Indian Real Estate

RERA or Real Estate Regulation and Development Act was enacted in 2016 to bring transparency, accountability, and efficiency into the real estate sector. The rising demand for housing and commercial estate led to a significant increase in property prices. Since there was no regulatory body for the real estate industry, some builders and developers were exploiting homebuyers to benefit from the high prices. The projects were delayed, the plans were being changed without informing and many people were duped of their life savings and hard earned money. This led to the enactment of RERA which mandates important rules and regulations for developers.

This blog will discuss the impact of RERA on the Indian real estate industry.

Transparency and Accountability

RERA has mandated that all project details including timelines, layout plans, and status of statutory approvals be displayed on the RERA website. This helps buyers to be sure of what they purchase from the developer and the developer cant make ad hoc changes. This helps build trust between the developer and the buyer in Mumbai real estate.

Timely Project Completion

One of the most common issues that home buyers faced was delays in project delivery. This caused stress to buyers whose funds would be stuck in the projects while they were without a residence for years. Implementation of RERA mandated that projects not delivered as per timelines would be liable for penalties. Also, developers must place 70 percent of project funds in a dedicated escrow account to be used exclusively for the project. These measures have reduced project delays significantly, instilling confidence among home buyers in the timely delivery of their homes.

Standardized Sales Agreements

RERA mandated standardized agreements clearly outline the obligations and rights of the builder and the buyer. Earlier, builders would make faulty one sided agreements benefiting them. Standardized agreements have ensured a fair and balanced contract between parties, reducing conflicts and disputes.

Grievance Redressal

RERA has established a robust grievance redressal system by setting up Real Estate Regulatory Authority and a Real Estate Appellate Tribunal in each state. These bodies are responsible for addressing complaints and disputes in a timely and efficient manner. Buyers are now empowered as they can approach these bodies with complaints about project delays, construction quality, and changes in project plans.

Investor Confidence

RERA regulation and implementation have instilled confidence among investors to invest in the real estate sector in India. RERA has ensured that projects are completed and delivered on time and that investors and home buyers are not duped. This has attracted investment of national and international players in the sector resulting in its stability and growth.

The RERA has had a significant impact on the property market and is one of the reasons for its growth in real estate investment. By ensuring timely project completion, standardization, and a robust grievance mechanism promoting professionalism and ethical practices among developers. The Indian real estate sector has become more transparent and efficient resulting in its growth.

...
Know More
Real Estate Trends

Luxury Flats in Dahisar: What Makes Them Stand Out

Dahisar was once a suburb where the middle class would live and commute to south Mumbai for work daily. It was dominated by cooperative societies with gated communities and basic amenities. These premises would at best have an open ground for kids to play cricket or a garden with benches to sit. These facilities too were a privilege then. Fast forward to today, where we see swanky high rises with luxurious amenities and facilities that were unheard of. The new luxury flats in Dahisar are desired by every person who wishes to live a modern life in style. Let us look at the reasons for this. Elevated Living Luxury projects in the Dahisar comprise high rise towers rising to dizzying heights of up to 40 and 50 floors. Living at such heights is a unique experience as you are cut off from the hustle and bustle of the city down below. The open skies and fresh air give a sense of freedom and heightened luxury. It also allows for space and privacy like never before. Luxury 3 BHK apartments in Dahisar have large balconies where one enjoys the luxury of the sunrise, sunsets, and spectacular views. Panoramic views Luxury apartments in Dahisar have unobstructed views of the lush green Sanjay Gandhi National Park. The proximity to the national park is a blessing for residents of Dahisar. Residents of 2 BHK flats in Dahisar East can enjoy the horizon during the day and the clear starry skies at night. From the high rises residents can indulge in star gazing at night or soak in the heavy rains on their balconies during Mumbai monsoon. Specifications and Features Luxury flats in Dahisar boast exceptional architecture, interiors, and specifications. The homes are designed so that they are bright and airy. The fixtures are branded of the highest quality. Most flats may have added benefits like modular kitchens, air conditioning, and built in wardrobes. The security systems in these projects are of the highest level with CCTV surveillance, video bells, security personnel, and apps all working together to provide the best possible protection. Amenities Amenities like a swimming pool, clubhouse, and gardens have become common. To distinguish themselves, luxury projects provide amenities that are grand and opulent. The amenities can be distinguished into fitness, lifestyle, and social amenities including podium level and terrace swimming pools, pool decks, barbecue areas, party lawns, cafeterias, sports stadiums and courts, meditation halls, and many more. They promise a lifestyle of grand opulence where members can remain fit, rejuvenate, and socialize. Some may even enjoy solitude in libraries, cafes, and lounges. These special qualities make luxury flats in Dahisar stand out. ...
Know More
© 2024 N Rose Developers. All rights reserved. Designed by Anarock Digital