Why Buying a Home is better than Renting One

Why Buying a Home is better than Renting One

If you’re someone who lives in Mumbai in a rental flat, you may have gone over the pros and cons of buying a house over renting one over and over again. This even more so if you have your family along with you. The uncertainties you face while living in a rental flat is definitely not worth the amount you pay every month to your landlord along with the huge sum of deposit that is already with him or her. Here’s why we advocate buying a home rather than renting it:

No hassles with your landlord: A home of your own means having control. With a landlord in the picture, you have to live on his or her terms. Investing in buying your own home rather than going through all the hassles you are bound to go through with your landlord is the perfect solution for you if you like your space.

No fear of sudden termination: With rental homes, there is always a sense of insecurity about when a termination can take place. With your own home, you needn’t worry about agreement renewals and negotiations with the landlord every year.

Tax benefit on your home loan: One of the greatest benefits of purchasing a home is the tax benefits you can enjoy under Section 80C. Another reason why renting can be a huge loss to you is because the deposit you pay to your landlord earns no interest. However, when you purchase a house you get access to your home that is yours for life.

Home as an investment: When thinking of days after retirement, one often tries to set as many things in order right from the start to be able to live a life of comfort when your body no longer has the strength to hold you up. Investing in a home at an early age rather than renting one as you grow older is sure to be a great benefit to you in your golden years.

Considering all of the benefits of buying a home instead of renting one, chasing your dream of investing in a new construction in Vile Parle East is surely not a bad idea!

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What Can Mulund Offer to New Property Investors?

What Can Mulund Offer to New Property InvestorsLooking for a good property to invest in? if you are thinking about buying a home in the southern part of Mumbai, you are setting yourselves up for failure if you a salaried employee with a stable six-figure income. Areas like Mulund and Navi Mumbai have become many popular choices owing to the affordability of the houses and the spaciousness that you can enjoy in homes out here. For those contemplating about buying a home in Mulund, here is what this place can offer you:

Augmented lifestyle

One thing Mulund is famous for is the high standard of living as compared to other places around. With the kind of living one can enjoy out here, living an augmented lifestyle is no big deal. Socializing avenues, entertaining hubs, malls, and more thrive here with people enjoying their weekends out with friends and family at the many recreational facilities surrounding their residential space.

Constant rise in property rates

There is absolutely no doubt regarding the constant rise in the price of properties in Mulund that have only grown the past couple of years. Showing no signs of a drop in the price even in the foreseeable future, one only need invest in one of the many new residential projects in Mulund to reap the benefits on a high scale in the coming years.

Better prospects

Along with being a great socializing hub, Mulund is also popular for being home to some of the best educational institutions. With schools and colleges that are acknowledged as the best by all, families living here with kids pursuing education needn’t worry about finding good institutions to enroll in. The connectivity that Mulund offers also gives working individuals an easy way to travel to their offices. There are also numerous industries in areas surrounding Mulund, giving residents more to look forward to with their purchase of a 2 BHK in Mulund East.

While these are reasons enough to book your flat in Mulund, the prospect of a better neighbourhood and residential complexes that offer all the amenities needed to live a contented life are further indicators of why Mulund should be the place to settle in.

Tips to Buy a Flat this Festival Season

Tips to Buy a Flat this Festival Season

With Navratri and Dussehra here again, people have finally found another reason to make investments. Considered an auspicious thing to do during such festivities, purchasing a homer a vehicle is certainly one of the top-most investments made by people along with purchasing gold.

The numerous offers and discounts definitely add to the cause of a rise in property investment. If you are on the lookout to purchase 2 BHK flats for sale in Mulund East at discounted rates this festive season, here’s what you need to keep in mind before jumping in to buy the flat:

1. Don’t compromise with quality for discounts

There is an inherent nature within each of us that jumps for joy at the prospect of discounts. So, imagine an unimaginable festive discount on property! Most are sure to make a purchase with the fear of missing out. However, many of these real estate developers try to use such opportunities to sell off low-quality flats to susceptible buyers who do not take the effort of finding out whether the developers are genuine.

2. Choose a dependable builder or project

When considering making an investment, make sure you choose a builder or project that is trustworthy. No matter how low the price of the property, the authenticity of the project can only be confirmed with transparent past dealings of the developer that you are aware of. Make an effort to research a little about the developer and check the reviews of people who have invested in their projects in the past.

3. Conduct a thorough research

Before you decide on investing in a flat that you feel is the most affordable you can get, make sure you research on possible options thoroughly. Money once invested cannot be gotten back without some loss no matter how much you regret your decision. Consider all possible options before you make your choice.

4. Ensure to find the accurate price of the property

Many a time, we forget to find out all the vital details regarding the price when confronted with the prospect of an unbelievable sale. No matter how attractive the offer, do find out the accurate price and the additional cost that you might have to incur with respect to registration and other charges.

These tips are sure to save you a great deal of regret in the future as well!

Rapidly Developing Areas In Mumbai

Developing Areas In Mumbai

When we think of Mumbai, most people consider the southern areas to be more developed in terms of standard of living and job opportunities. While this is true on most counts, the rise in the development of other suburbs in the city has given people more options to look at when looking for an investment option.

In recent years, a number of areas in Mumbai have seen a spike in the standard of living and the quality of facilities and amenities provided, making these areas top the list of potential suburbs to be considered high-end. Some of the areas include the following:

Chembur: In close proximity to both southern and central parts of Mumbai, Chembur has seen an increasing infrastructural development in the past years. The introduction of monorails and the proposal of upcoming metro-phase are further bonuses to living in this area apart from easy access to the best of the amenities and connectivity through SCLR.

Mulund: Mulund is one of the rare suburbs of Mumbai that is home to as much greenery as it is to residential and commercial properties. A perfect blend of nature and infrastructural development, the upcoming projects in Mulund East are worth the investment for those looking for residential spaces that are peaceful to live in. The proximity of the eastern express highway and the railway station makes it an even more appealing place to live in.

Ghodbunder Road: Once a lonely stretch of road, the bustling commercial properties in Ghodbunder Road have changed the way it is perceived. More and more people have shown an interest in the area both as a commercial and personal investment. Offering connectivity through the eastern and western express highway to other parts of the city increases its attraction for many. The low prices of properties in comparison to other developing areas also make it a great investment option.

Numerous other Mumbai suburb too are pacing fast to catch up to these rapidly developing areas with newer commercial projects and upcoming residential colonies that are self-sufficient and luxurious.

Image source: videvo.net