Tag Archives: Properties

Residential Properties in Neral – What Makes Buyers to Buy High Flats

Are you looking for a stylish flat or an apartment in Neral, Mumbai? Property buyers are lured with various ongoing residential projects in the city of Neral by real estate developers.

According to a real estate survey, sales are crashing in India’s housing market. But this hasn’t stopped the real estate owners from launching new projects in Neral as well as Mumbai and Pune. Several ongoing residential projects in these cities are attracting buyers to make an investment.

In Neral, there has been a significant increase in construction work in affordable and ultra – luxury segments. The sale had gone up for flats and even in areas such as Mumbai’s metropolitan region and greater Mumbai, average property rates have also increased.

For capitalizing on environmental changes caused by proposed real estate laws and changes in economic scenario, companies are coming up with unique property formats. Not only developers are offering top-notch properties, but buyers are also demanding luxury homes, furnished with modern amenities. In order to attract buyers, developers are constructing stylish high – rise flats and apartments with world class facilities.

Apartments and flats have become quite famous among developers as they are building such constructions to differentiate their projects from other builders. Not just in Neral but skyscrapers have also begun making a mark on Mumbai’s skyline. The governing body of the city in 2011, gave a green signal to increase the maximum permissible height of high-rise buildings in Mumbai to hundred meters from 36 meters.

Many home buyers are willing to buy residential properties in Neral. To cater to this rising demand from buyers and wealthy buyers, developers have begun to build iconic premium 2 bhk flats in Neral. High – rise buildings are not just the need of the hour, but they do offer a stunning city view and this is the main reason why many home buyers prefer purchasing a flat on the top floor of such flats and apartments. These are plenty of benefits linked with living in a high rise building. Apart from the eye – catching views of the city, the exclusivity associated with such projects also attracts buyers. In a city like Mumbai, staying on the highest floor of a high rise apartment ensure clean, fresh air and zero noise pollution.

Such buildings have a status that can’t be replicated easily by other developers. There is also a status linked to such buildings which are hard to find in other projects. Many developers are trying to lure buyers by providing world class amenities like as a gym, garden, conference room or a swimming pool in such buildings. Since such buildings have a maintained entrance, security is also available.

In the last few years, residential properties in Neral have been announced by top real estate companies. These developers are collaborating with Indian property developers to attract home buyers with super – luxury, stylish and trendy penthouses and flats. So if you are willing to buy a property house in Neral, check the developer available on the internet.

Rent Control to Be Removed for Smaller Properties

Mumbai is denying the luxury of buying a new property by having exorbitantly priced real estate. Most of the population living in Mumbai either live of houses that have been bought well before the prices went sky high or are living under rent or the Pagadi system. The Pagadi system is an ancient system of rent followed in Mumbai from the time of the 2nd World War. It is very much similar to the rent system prevailing globally but the only difference is that the tenant also becomes a part owner of the land!

The system protects the tenant more than the traditional renting system does. The landlord will not be able to evict the residents easily and the tenant is entitled to sell the house! The tenant is entitled to the house but not the land. The house can be sold to a new tenant for a percent of the capital value and a percentage of the money made goes to the tenant while the majority is given back to the owner. The tenant pays a nominal amount as rent to the land owner! Banks do not support this system of renting or buying a house, understandably!

This system causes a lot of legal issues especially for the landlord who has to go through a long, painfully cumbersome process should he choose to evict a tenant. Also, the Rent Control Act had protected the tenants who pay a fixed rent and also their right to the property rented by the Pagadi system is passed on through inheritance!

However, the Maharashtra state government has now decided that it will no longer include residential properties smaller than 500 sq ft and commercial properties smaller than 800 sq ft under the Rent Control Act. This will directly affect the Pagadi residents of Mumbai who have been residing for years now in the rented houses! Nariman Point and Marine Drive, two of the most costly real estate spots in Mumbai are dotted with Pagadi properties. It is estimated that a total of 52,000 people still live under Pagadi!

This comes in as a good news for landlords who will now have the power to enforce rent based on the capital value and taxes. It will also empower the landlords to move people out if they are not able to pay the property taxes that the government is looking to levy.

Though in a sense it seems that the unfair balance against the landlords have come to an end, it has to be noted that many of these Pagadi residents have also paid huge sums of money to their landlords already and asking them for more would put them in a tight spot. The solution would be for landlords to take the remaining money and register the property in the name of the tenants.

The residents of South Mumbai will be the most affected by the change in the legalities since many properties are under the Pagadi system.

Mumbai Hotels: Best Properties of the Lot

The undoubted queen of economic, commercial and entertainment activities, Mumbai is dream city for many. With its interesting culture, fast-paced lifestyle, ever-escalating business opportunities, glitzy nightlife and refreshing morning jog on the beach, Mumbai attracts horde of visitors each year. Hotels in Mumbai offer highly comfortable and value for money accommodation options. The metropolis houses a wide variety of hotels which ranges from economy, budget to mid-range, deluxe and lavish luxury category hotels. These Mumbai hotels are known for their eye for detailing, their prompt service and whole range of modern recreational as well as business amenities. Designed to cater to requirements of both business class as well as recreational travelers these Mumbai hotels are available in all parts of the city.

To match their steps with the world these properties even keep upgrading and updating themselves providing all the comforts of contemporary world. Some of the best hotels in Mumbai are:

Hotel Fariyas: Perfectly in sync with the busy corporate travelers, Fariyas Hotel in Mumbai offers a whole range of business amenities. This fabulous four star property is about 10 minutes drive from the business districts and also overlooks the harbor. Its ideal location just close to Gateway of India and other historical edifices makes it a favorite of even recreational travelers. The guestrooms inside are 29 in number which includes Standard Rooms, Deluxe Rooms, Club Room and Suites. Well-spacious rooms are replete with all modern comforts including direct dialing facility, high definition TV, mini bar, Wi-Fi Internet access and more. For dining head towards Tamarind- a multi-cuisine restaurant or choose from delectable grills, barbeques, curries and much more at Tamarind Poolside at the hotel.

Grand Sarovar Premiere: A premier- class, five star property, Grand Sarovar Premiere in Mumbai is one of the top-notch luxury hotels in Mumbai. Pick from a total of 98 plush rooms which includes 77 Superior Rooms, 20 Deluxe Rooms and 1 Executive Rooms. Well decked rooms are laden with all the luxuries of modern world including LCD TV, tea/coffee maker, fruit basket and cookies/chocolates, broadband connectivity, direct dialing facility, all toiletries, mini bar, electronic safety locker and more. Other than these in-room amenities the hotel also has 24-hour front desk, air-conditioned public areas, audio-visual equipments, banquet facilities, bar/lounge, barbeque grill, Business Center, swimming pool, Health Club, restaurant, 24 hour room service, laundry service and more on offer.

Chateau Windsor Hotel: Aside all the flamboyant luxury properties, Mumbai also has its set of economy hotels and Chateau Windsor Hotel is one of the reputed names in the list of economy class hotels in Mumbai. It is one of the leading budget properties of South Mumbai. Decent rooms, modern amenities and a dedicated staff and above all affordability makes the property an ideal choice for travelers with slightly strict budget.

Mumbai hotels are applauded for their immaculate settings, contemporary design and wide range of recreational and business amenities. These properties thus available in varied categories adequately meets requirements of all kinds of visitors making Mumbai tour a memory to be cherished.