Make A Clever Investment In Residential Property Near Mumbai

People come to Mumbai with a lot of dreams and one of those is definitely high returns on their investment. Mumbai attracts investors especially real-estate investors from all over the country. The massive housing crisis in Mumbai has led to sky high real estate prices for even the smaller properties. Due to this affordability has become a major issue and returns on such high priced investments is not leading to good enough returns as people now look forward to developing places near Mumbai for new opportunities and housing.

Places near Mumbai like Nashik, are now attracting a lot of interest from both property developers and investors alike.

So let us take a look how to make a clever investment in residential property near Mumbai.

  1. Shift from expensive to budget segment:Market research conducted by Economic Times has showed that unlike the 2005-2008 era, people are now a lot more aware. They inspect the place, check credibility of the developer and also compare the different options based on price to size ratio. Also there has been a considerable shift in buyer interest from posh localities to affordable neighborhoods. Satellite towns like Nashik reap the benefits of good infrastructure and connectivity to the main city – Mumbai. Improving connectivity to the main city and becoming the choice of place for the people has brought down prices in the posh areas of Mumbai.
  2. Look for upcoming IT hubs and bridge/transport projects:Day by day Nashik is attracting the attention of several IT companies, be it domestic or international. IT employees like to stay near homes, so a lot of residential complexes catering to these people as well as commercial projects as well are being undertaken in the city.
  3. Shift from commercial to home property:Investment in commercial property has seen a dip in the last few years. Market research has shown that people are more interested in investing residential projects around Mumbai. Around 18% of the total housing launches in the Mumbai metropolitan region in 2017 were in Thane. Due to availability of huge parcels of land, the construction of both transport and communication facilities, Nashik is attracting a lot of attention from potential investors from all over the country. Some nearby satellite towns too has seen a rapid development in commercial as well as residential projects and has been attracting builders and investors for quite some time now and this number is only predicted to increase.

If you are looking for high quality residential projects in and around Mumbai, then look no further than Karmaa Group. With over 40 years of experience in developing Residential  projects, they provide some of the most luxurious and affordable spaces in key locations in and around Mumbai. The Sky Villa near Mumbai is an example of luxury, architecture and affordability. All of Karmaa Group projects are bank approved and 100% authentic so you don’t have to worry about any kind of fraud.

Mistakes To Avoid When Choosing A Builder

Moving into a new home has its own charm. From new beginnings to making fond memories, from garnering happiness to aspiring to grow are few of the few factors that most people look forward to while moving into a new house. As we all know hunting for a house of our dreams is not a cakewalk. It involves a lot of work, time and energy. Of all these problems, the most important one is about choosing the right builder of or for your home.

So in order to make that job slightly easier for you, here is a list of mistakes a person should avoid while choosing a builder:

  1. Avoiding research:With several options at hand, research is a very important aspect while choosing your builder. Research involves checking the kind of builder they are based on their previous projects and whether it will be suitable for you. You must also compare and contrast quality and price among builders to get your best fit.
  2. Following shady quotes:It is very essential that to choose a builder that is transparent about the costs that is involved.  The builder should give comprehensive quotes and should keep the customer informed about all the money being spent and should not hide anything from the customer.
  3. Scared to ask questions:Buying a new house is definitely a new endeavor for most people. There are several aspects that will be unknown. Therefore asking questions is a key phenomenon to buying a new house so that one doesn’t miss out on relevant details, is not fooled about quality or pricing. One should see to that the builder is ready to answer all questions ad does not avoid or foil any of them
  4. Taking Shortcuts:While buying a house a lot of paperwork. It is integral to choose a builder who doesn’t take shortcuts in aspects like acquiring permission, land approval and subcontracts. Taking shortcuts is definitely illegal at most times and costs a lot of it fails.
  5. Believing Cheap is best:If a builder keeps trying to sell you the house based only on its cheap price, it is best to avoid the builder. Quality is very important and should be focused by all builders. Choosing a cheaper option is wise but not at the cost of quality.
  6. Not interacting with their existing Clients:Customer reviews are very important in deciding a builder. One should always get in contact with the builder’s existing clients in order to get a first- hand information on their experience as clients. This will reassure or caution the individual of their choice.

Now are you wondering where to find a builder who fits the bill? You must visit the website of Karmaa Group of Builders. They are one of the top builders and developers in Nashik and have an array of successful and upcoming projects. If you are in the position of typing out ‘new flats for sale near me’, this is right place for you. Karmaa Group has been a reputed company operating since 2005 and has long list of satisfied customers. Their expertise in this field can be seen in projects like Karmaa Galaxy.

A Guide To Avoid Buying A Fraud Property

Looking for property to invest your money? Open up your search engine and just type in ‘new flat for sale near meor ‘new residential projects near me’ and you will get thousands of results. This has its own pros and cons. On one hand you are getting a variety of options and on the other hand there are hundreds of fraud properties among these.

With the unprecedented growth of the residential real estate sector, the cases and chances of fraud has increased many fold. There are several unscrupulous builders who penetrate cash in on the property boom. To prevent fraud and get the best deal and profit, you have to become a smart and sensible investor.

Here is a guide to avoid buying fraud property:

  1. If you are a total beginner in this sector, then make careful and conduct an extensive analysis of the market. Verify all the offers available in the area and compare each one of those.
  2. Consult a well experienced real estate agent. There are a lot of fraud ones out there. Look into their qualifications, their background and also the client feedback. Also ask someone trustworthy who has been experience in real estate investment.
  3. For avoiding fraud cases, go and personally inspect the property before investing. Seeing the property on the web or paper and in real life is very different. Also make sure that it is legally approved and is not built on any Government land or agricultural or forest area.
  4. Hire a trusted and good lawyer with a lot of experience in this sector who will prepare and manage all the legalities of your documents. This will help you away from fake transactions and illegal practices.
  5. Keep your eyes and ears open. A good agent will guide you till you own the property and close the deal. A lot of fraudulent agents will keep blowing their trumpets and try to persuade you to see the pros of the property even if it is illegal and unworthy.

Being a smart investor is a must if you want to stay away from any form of fraud. Trust your senses, research extensively and never fall for any lucrative deal if somewhere in your head you feel its flawed.

If you are looking for high quality residential projects in Nashik then look no further than Karmaa Group. With over 40 years of experience in developing residential and commercial projects in Mumbai, they provide some of the most luxurious and affordable spaces in key locations of Nashik. All of Karmaa Group projects are bank approved and 100% authentic so you don’t have to worry about any kind of fraud.

Tips To Choose Wisely While Buying A Flat

Buying a flat or a house for an average Indian is a big deal and hence, it is necessary to make sure you don’t make any mistake while choosing your dream home.  Whether you are a person buying a property for the first time or whether you are a real estate ninja, there are some rules that you absolutely must follow to make a wise investment.

We, at Karmaa Group strive to ensure that our buyers get the best there is in the market for them. Hence, we present a few tips that all house hunters should keep in mind. While these topics are aimed at flat buyers, especially those looking to buy 2 bhk apartments in Nashik, the facts remain the same for all.

So, if you are someone who is planning on buying a flat, these are the things you should keep in mind to make a wise choice.

  1. Know the price:This is something that many, many people fail to understand while choosing a property. People tend to fall for the price mentioned in bold but they don’t research into any other charges until later. It is important to know exactly what is the amount that you have to pay, in total. This includes all the hidden charges, any sur charges, any extra charges for facilities like parking, community hall, etc. So, the advice, do your research thoroughly and read that fine print.
  2. Research the plot:While buying a flat it is imperative to do a legal check of the plot the building was built on. Even more so if you are buying a new residential building. Go through not only the ownership papers of the plot but all the approvals and the NOCs that are granted to a builder by different administrative offices of the city before a building could be constructed there. If the seller fails to provide these, then it would be wise to look for a home elsewhere.
  3. Bank finances and loans:Whether you are planning on taking a loan or not, it is always wise to approach a few different banks and get an idea if they are willing to finance the particular building and the builder or not. Banks are very thorough with their background research before they finance a property. If the people at the bank say no when you qualify for the loan then it is a red flag that they found something that may cause trouble in the future or has caused trouble in the past. Best course of action would be to avoid such properties.
  4. Location of the place:While solace has been romanticized a lot, when it comes to buying a flat, it is important to be right in the middle of everything. Not only does it provide you with a better sense of security but proximity to transit stops, schools, malls, main roads, landmarks, etc., greatly improve your quality of life. Along with this, the topography of the place, quality of soil, water level, etc. all matter. Hence, the location of your property is a very important factor and in turn greatly affects the price.
  5. Read the fine print:The figurative fine print includes a lot of things when it comes to buying flats. Area?  Are you falling for the super built up area or you know the actual carpet area that you will be paying for? Have you read the buyer-builder agreement, clause by clause? Do you know all your rights? Have you clearly understood each step of the process of buying the house? If not, you need to.

For us, selling a “2 bhk in Nashik” is not the goal. Our goal is to have a happy, satisfied customer at the end of one of the most important transaction of their life. Therefore, we hope to help the customers make wise decisions at every step of the journey that takes them closer to their forever homes.