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2023-09-15
Home Buying Guide

Why 2 BHK Apartments Are Ideal For Investment?

Investing in real estate is lucrative and foolproof even today. Depending on the capacity of investment, one can choose to invest in residential or commercial properties. Commercial property is usually more expensive than residential property. Residential property is also safer compared to commercial property as residential property is easier to rent out or sell when required. It is known that apartments come in different configurations. Starting from a single room and kitchen to multiple bedrooms with kitchen, one can choose the size of the apartment they wish to invest in. The apartments are designated as BHKs which is an abbreviation for bedroom, hall, and kitchen. The number of bedrooms is mentioned in the beginning. That is why we see the usage of terms like 1 BHK and 2 BHK which means that the apartment is a one-bedroom, hall, kitchen etc. Amongst the many configurations, the 2 BHK is the most popular one due to many reasons.

Let us understand why.

Popularity

A 2 BHK apartment is very popular amongst end-users as it strikes a perfect balance between size and affordability. It caters to the needs of many different types of users like nuclear families, joint families, single users, and couples. It is not too small nor is it too large and it easily accommodates the different types of family units. Two bedrooms are ideal in most situations with minor adjustments.

Strong rental demand

In most urban areas there is a high demand for rental properties. A 2 BHK meets the accommodation criteria for most kinds of families especially nuclear families and single people who want to share apartments. It gives enough space as well as saves costs compared to large-sized apartments. This is the reason tenants prefer 2 BHKs. Investing in 2 BHK apartments in Dahisar for example is a lucrative option as it will ensure steady rental income due to the high demand for accommodations there.

Low Cost

A 2 BHK in a decent and urban locality is affordable for most investors. It fits the investment budget without putting much strain on first-time investors. The maintenance cost is not high for a 2 BHK property when compared to other large properties. This makes it ideal for beginners to start building a portfolio of real estate investment.

Appreciation

There is a good demand for 2 BHK apartments in any city. If one chooses a good locality with potential for development and urbanization, one can expect the property value as well as rentals to increase over time. It becomes important to conduct proper research and analyse various locations before choosing to invest in a property. By choosing a 2 BHK property in Dahisar East, one can be assured of price appreciation and high returns on investment.

The reasons have seen the natural emergence of a 2 BHK apartment as the most ideal property to invest in.



Home Buying Guide

The Benefits of Homeownership: Financial and Emotional Rewards

Home is like an anchor in your life. it is a place where you belong where your family lives where you can feel yourself where you feel safe and at ease. Owning a home provides numerous benefits be it financial or non-financial. In a surging economy and thriving real estate industry, owning a home can be extremely beneficial. One can choose from options like luxury flats in Dahisar with world-class amenities. Although owning a home is not easy, the benefits it offers outweigh the challenges. Let us look at the financial and emotional rewards. Financial and emotional security Living in a rented home poses many risks financially as well as emotionally. Rising rentals and the risk of being asked to vacate at short notice can be stressful. By owning a home in new projects in Dahisar, one can rest assured that they and their family are firmly rooted and can live a stress-free life. The home can be your little world which you create and recreate as and when you wish. Investment and legacy building It is well known that real estate investment is one of the best means of multiplying wealth today. As one invests in a home the property appreciation promises to give high returns over time. Building a home also leaves a legacy behind for your loved ones serving as a means of pride and ownership. Flats in Dahisar East offer the ideal location and social infrastructure for generations to experience a comfortable lifestyle. Safety and security A home is where one feels safe and secure from the outside world. One thinks of their home as a place to recuperate and energize to face the world every day. It is also a safety net for your hard-earned wealth that cannot be lost. Since buying and selling property is a long process one cannot liquidate their home easily and at short notice. Wealth invested in property is more secure than liquidity. It is easy to get a loan against property on the home that is owned. Property is most preferred by financial institutions as security against loans making the disbursal easier. Smart Investment Property is a tangible asset whose value appreciates over time acting as a hedge against inflation. It is an asset class for long-term investment and helps diversify your financial portfolio from stocks, bonds, and traditional investments like fixed deposits. The importance of owning a home has become more significant after the pandemic as people realize the importance of having financial stability. Owning a property may have many financial benefits but the emotional benefits are greater. It is no surprise that owning a home is everybodys dream. ...
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Home Buying Guide

Mumbais Real Estate Regulatory Authority (RERA): A Guide for Buyers and Sellers

RERA or Real Estate Regulation and Development Act is a regulatory authority for the real estate industry. The laws in the act have laid down standard rules for the sale and purchase of properties which must be mandatorily followed by developers and builders in Mumbai. They act as a guide for property buyers to bring transparency to the property buying process. The act came into effect in May 2017 with guidelines designed to save homebuyers from fraudulent practices and boost investment in Mumbai real estate. RERA registration Under the RERA every builder and developer has to mandatorily register their residential or commercial properties if the total land area being developed is more than 500 square meters or the total number of units is greater than 8. The builder cannot market or sell his properties if it not registered with the RERA authorities. All the details of the project need to be disclosed in the public domain by uploading on the official RERA website. Calculation of Carpet Area The developer must follow the standard procedure to calculate the carpet area. The carpet area is defined as the net usable floor area of the apartment that does not include external walls, service shaft areas, balconies and verandas, and terrace areas. If the builder wants to make any changes in the initial approved plans it can be done only after acquiring the consent of two-thirds of the allottees in the project. Delivery and Updates RERA makes it compulsory for the builders to complete the construction of the projects in the stipulated time failing which they may have to refund the amount paid to the buyer or pay interest for every month till possession. The builder must provide quarterly updates about the status of the property in Dahisar East and details about the number of units sold. Standardised agreements As per RERA norms, every builder or reseller must follow a standard format for the sale agreements. Builders are allowed to alter the agreements as per the facts declared. This prevents homebuyers from getting duped by one-sided agreements benefitting the builder. Advance Payments Under RERA guidelines, the builder cannot demand more than 10% advance of the property value. The builder must enter into a written agreement with the buyer for additional payments for any property in Mumbai. Grievance Redressal If the homebuyer identifies any structural defect in the property within five years the builder must rectify them within 30 days or compensate the homebuyer accordingly. All complaints against the builder in Mumbai must be made in writing to the Mumbai RERA authorities. The RERA authority will have to resolve the grievance within 60 days. These are important RERA guidelines that every buyer and seller should know before buying a home. ...
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