Why having a house in Juhu is a dream

Dec 20 2018

We all dream of a home. In addition, we know at least one person who owns many. Well, to make this dream a reality, it requires savings of a lifetime and more years than we can count our fingers to purchase one or more. “Juhu” is one of the most sought-after, and dreamt about destinations to build a home. Why? You ask me. Spacio got your answers!

In the article, we will not only tell you, what makes Juhu a premier suburb of the city, but also the fact that why the prices there are at their highest?

With the spiking high demand rate for houses in Juhu, the place is fraught with endless opportunities as well.

1. Proximity to leading educational institutes.

From top public and private schools and colleges to best of teaching/coaching  institutes, Juhu  has it all. If you have lived or are living in Mumbai, you are very well aware of the fact that you would not want to be stuck in the road traffic. For that matter, locals strongly recommend getting a home nearby. There are both private and public sector institutions in there is an excellent atmosphere for students to study and get relevant exposure.

2. The Beach Beauty.

Home of the Infamous Juhu Beach, the place becomes a beauty. For decades now, Juhu beach has attracted countless people to walk on the sides every day. If you are a fan of Beach walks and would love your evenings gazing at the mesmerizing sunset of the beach, you better be booking aplace in Juhu. The entire Juhu borders the Great Indian Ocean, and who haven’t seen the incredible Shivaji sculpture.

3. Hub for all your needs.

Besides exceptional educational institutes, the place is inhibiting best of the hospitals, parks, and religious places. Irrespective of the religion you follow, you can find a magnificent monument in Juhu. Now, this is not all, the public parks are very thoughtfully built. For thosewho love greenery, and wish to be living close to the best of parks, you need to consider Juhu. If you are looking for the place with best entertainment options, there is no other better than Juhu.

The Bottom Line

For those who are looking for a property  in Mumbai  and are thrilled by the idea of getting one in Juhu, feel free to knock our doors to check your options. Spacio Realtors have been bringing value to hundreds of home seekers for more than a decade now. Considering never hurts anyone, so better check the options you have at the dream destination.



Is Mumbai Real Estate still worthy of your investment

Dec 20 2018

The question is haunting a lot of investors right now who are aiming at the attractive opportunities in Mumbai but are unsure of the results. Well, Mumbai is for sure a great place to invest right now but there are ways in which the investments must be made in order to assure their success.

If we look at the market, there is a bright chance of ending up big in Mumbai right now. But how? The following reasons will explain.

Surge of Navi Mumbai

Navi Mumbai, which was planned to help Mumbai tackle it’s growing corporate congestion has some practical benefits for commercial real estate seekers. We are talking about the Office spaces available in Navi Mumbai. There are a number of reasons why setting up an office or simply renting one can be a whole lot easier and cost effective in Navi Mumbai. For now, the growth pattern of this ambitious project suggests some good news for commercial properties.

Upcoming Projects

If you see your office space in the light of property investment scenario, there is a lot that you can capitalize on. The upcoming trans-harbor link will render Navi Mumbai with a whole new real estate value, making it stand out as a selling prospect alongside business operation benefits. MD at Cushman and Wakefield quotes “Navi Mumbai has been seeing steady activity in the commercial office space, with the Information Technology and Business Process Management sectors driving that growth story. Tax incentives have attracted investments from developers too, further driving interest from MNCs and domestic occupiers.”

Big Ongoing Investments

World’s biggest investor, Blackstone, after staying away from India’s property scenario has now finally showed some interest in it and has made promising investments weighing as much as $600 million. Future plans of Blackstone signify setting up of a local REIT listing, as this report by Times of India states.

Next comes Brookfield Asset Management, who have allegedly invested a hefty amount of $1 billion in Mumbai’s real estate. Both of these headlines point to the fact that Mumbai is receiving serious consideration from all over the world and the growth of property rates will be inevitable, telling us that NRI investment in real estate would be worthwhile in the coming few years.

Scenario after GST

The implementation of GST in most parts of the country has resulted in huge outcry due to its complicated system of operation but in Maharashtra, it is supposed to bring an air of freshness for investors. GST will enable easy and profitable sale of properties in Mumbai that fall under the status of  “completed projects”. For the projects that are still under development will benefit from the tax relaxations on the raw materials levied by GST. This is good news for NRIs as well as domestic investors.

NRI Investment

The financial capital of the country is one of the prime spots for investment right now. Especially, the developing areas that promise relatively easy acquisition than other parts of Mumbai. Furthermore, the establishment of technology parks and rising corporate sector has boosted real estate business for NRIs seeking to invest here.

Make sure that…

Most real estate gurus suggest that the property must be held for at least 3 years before letting out in order to gain the maximum profit out of it. This has some reasons behind it. First of all, selling the property after 3 years doesn’t levy income tax on the profit and you can keep the sum without caring about the legal procedures. This will also hold true if you belong to the lowest tax bracket which lies around less than 2.5 lakh per annum.



How is real estate Mumbai still a good investment option?

Dec 20 2018


Although Indian real estate scenario has been a tumbling ride with occasional crest and troughs, the upcoming time could be a great news for investors. Especially in Mumbai, which is blooming with hundreds of new development projects. In a report by Forbes, it is clearly mentioned how big-time investors are making their move to strengthen the property sector of India.

In the recent turn of events, when the demonetization of certain currency notes took place in India, the overall business growth was hit, but the country is expected to overcome it within the first two quarters. So, now is the time when you can consider investing in Mumbai’s promising properties and find the home you would adore for your life.

Let’s look at how NRI real estate brokers propose, investing in real estate in Mumbai can be one of the better decisions you would make.

Big Ongoing Investments

World’s biggest investor, Blackstone, after staying away from India’s property scenario has now finally showed some interest in it and has made promising investments weighing as much as $600 million. Future plans of Blackstone signify setting up of a local REIT listing, as this report by Times of India states.

Next comes Brookfield Asset Management, who have allegedly invested a hefty amount of $1 billion in Mumbai’s real estate. Both of these headlines point to the fact that Mumbai is receiving serious consideration from all over the world and the growth of property rates will be inevitable, telling us that NRI investment in real estate would be worthwhile in the coming few years.

Commercial Demands

With a horde of MNCs looking to set-up their offices in the financial capital of the country, the growth of business parks and corporate office spaces has been on an all-time high in Mumbai. This is being backed by development in Mumbai’s outskirt areas where property is seeing new light in both commercial as well as residential demands.

Post GST Impacts

The implementation of GST in most parts of the country has resulted in huge outcry due to its complicated system of operation but in Maharashtra, it is supposed to bring an air of freshness for investors. GST will enable easy and profitable sale of properties in Mumbai that fall under the status of  “completed projects”. For the projects that are still under development will benefit from the tax relaxations on the raw materials levied by GST. This is good news for NRIs as well as domestic investors.

Future Returns

All of the above listed factors contribute towards a future full of good returns. Mumbai’s real estate is rapidly blooming and as it continues to grow, the investments made today will reap in benefits in the future, although not so early. Hence, if you are looking to invest in property, now is the time.

If you’ve made your mind of investing in Mumbai or you need some in-depth information regarding our NRI property services, contact Spacio Realtors today and find the best places to bet your money on!


Tips to get your perfect office space in Mumbai

Dec 19 2018

No one is prescient enough to comprehend what’s stored in the future of a business. However, with proper contemplation, you could have the foreknowledge of your commercial property investment future.

What is it all about?

Let us explain.

When it comes to purchasing a property there are countless strands you would have to unravel. Not that the procedure is going to differ a lot from buying residential properties,  but still, the outcomes, requirements, location analysis, et al will require you to be a little more vigilant.

Here are 5 tips to get your perfect office space in a metropolitan like Mumbai:

1. Social Infrastructure

For accurate value assessment of the property, it is mandatory to check the Social Infrastructure. Unlike in the case of a residential property,  it is inevitable that as a buyer,  the main purpose of the purchase will be profits.

As we know commercial properties cater to the buyer with a better liquidity of the investment, and from what I believe, to save peanuts you wouldn’t want to compromise on the value your transaction can bring.

Ask around a little bit about the health of the local job market, proximity to other commercial places, check for electricity supply, backup electricity means, water resources, and other amenities.

Make this your first priority while looking for a commercial space!  

Estimate the refinancing ability for the location and how visible your workspace is to the market?

2. Initial Investment:

To gain a proper insight of how much cold cash is required for purchasing a commercial property, in places like Mumbai, requires some cardinal forethought.

One should decide which bank should he/she be chosen as the interest rates vary.  One should also consider the additional variable charges which would be required.

Hence, it is strongly recommended to check your finances in advance, if you want to pull off a successful investment.

It is strongly recommended to contact us if this is your first time in investing in Commercial Properties. Be rest assured that you will be guided for the best.

Also Read: You should consider these before renting a room.

3. Convenient Commute

Be it for the convenience of employees or employers or even the clients, your workspace location will play a pivotal role.

The location should be easily accessible, and believe me, after all these years, this is the reason of dissatisfaction of many buyers that the location is quite remote. In the first go, this might seem all suited up but later, the loopholes hold the profits back. And, that’s when it hits you bad.

Critically examine the surroundings, and how connected is the location with other ones.

4. Adequate Diligence

A delayed diligence can lead to prominent losses of both your time and investment.

Now that RERA has come to action, this has reduced, but still, you can’t be sure.

Examine the infrastructure and development pace of the workspace.

Amongst all the chaos there has been with the falling value of Indian Rupee and all the laws, the one constant factor is the demand for commercial properties in Mumbai.

The city and its people have tremendous potential, not only in terms of prices of the properties but the influx as well.

People from across the nation come to the city in search of great career opportunities, thousands every year!

Also Read: An ultimate guide to IOD

5. Contact Spacio Realtors

Like I said, the one factor holding its ground is the demand for commercial properties in the era where prices keep on rising, and laws keep on modifying.

Like I said, in the era where prices keep on rising and laws keep on modifying, the one factor still holding its ground is the demand for commercial properties.

It is going to be a tough journey if you do the property hunt on your own, and I am sure you don’t want to end up disappointed.

Cut yourself some slack, and contact us.

Plus, we would like to warn you about the many fraudsters out there, who are only looking forward to extracting money.


Pros and Cons of buying a home in Mumbai!

Dec 18 2018

“Mumbai is infectious. Once you start living in Mumbai, working in Mumbai, I don’t think you can live anywhere else.” -Yash Chopra.

I find this quote very true!

It connects to all the Mumbaikars out there.

From being the habitat of the most expensive residential property of the world, Antilia, to being the hub of unbelievably cozy places, Mumbai has it all.

Well, I would say living in Mumbai is adventurous and transforming.

Trust me, Mumbai is sorcerous.

Getting to the point here,

This article is targeted for the people who are looking forward to investing in Mumbai’s real estate anytime in the future.

And, even if you haven’t thought about it, you still can evaluate the pros and cons.

So, here we go…

Pros:

1. Amazing Return on Investment:

Mumbai is one place which still has a huge influx of people from across the country. Hence, prices increase constantly every year.
Not so much. But, still.
Therefore, if you plan to make an investment, do that in Mumbai.
The rental rates are high, plus, after 3 years you can sell the property of and get great benefits.
Mumbai is the best city in India for commercial real estate investment, with returns of 12-19 per cent likely in the next five years, followed by Bengaluru and Delhi-National Capital Region (NCR). 

Recommended post: Reasons to buy a property before 2017 ends.

2. Excellent Exposure and is safe:

When the talent is driven into the city from across the country, there is indeed, huge exposure.
With the establishment of IT industry, and being a Bollywood hub, Mumbai became a magnet attracting thousands of people every year.
Whilst, the city is rather safe, one of the reasons is the great police and even, there is great awareness among people. Moreover, the city never sleeps!
Mumbai shows 17% of vacancies approximately in office market according to a survey.
And, the city is well connected as well.

3. It tops the list of best places to invest in properties:

In terms of both commercial and residential properties, Mumbai is the best.
Having to be stuffed with opportunities and talent, the city can bring great boons.
Mumbai is one of the biggest hospitality markets in India.

Cons:

1. High living cost:

Well, it is expensive.
You can say a lot.
But, I believe it gives the person many opportunities to carve a decent living.
The average cost of living in Mumbai ranges from 23000 INR to 50000 INR.

2. Traffic:

Traffic, pollution, and population are some interconnected problems in the place.
However, this is an issue with every place of this country. Whilst, Mumbai being the city of dreams makes people addicted to it.
Pollution index of the city is 86.70% according to a survey.

Must ReadReasons for not purchasing a property.

3. Hot and humid:

Because, of the Indian ocean, Mumbai has a weird climatic condition. Wikipedia has provided a detailed description of the weather of the city, Mumbai.
Some people find it difficult to adapt it.

Conclusion:

In my opinion, there are cons to everything.

Wherever you establish a life in, you definitely need to make some adjustments.

To improve your odds, you can rather make that huge investment worthy. Focus on what matters and your personal priorities!

Subscribe for more such articles, on real estate investments and updates. You wouldn’t be disappointed for sure.


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