7 Important Things to Consider When Buying a Commercial Property

 

Buying a commercial property is a cost-effective decision, so it is better to be thorough with the process carefully. Wouldn’t it be great if you knew what to look for in a commercial property before buying it? So, to make your life simpler, here are some important things to consider when buying commercial property.

Market Research
When you start looking for a commercial property in Mumbai, you need to spend some time researching the perfect location. Do your research and consult with brokers in the area to understand the market conditions.

Find out the upcoming projects in that area, price trends and much more. It is also essential to assess the scope of future development in the area. Investing in a project in a developing and well-developed area is always lucrative as it provides you with high returns on investment.

Review the Location
Location is a significant factor to consider when buying a commercial property in Mumbai. Choose a location that is accessible from other locations and has excellent infrastructure. When you buy a property in a prime location, it will surely give you high returns on investment. Commercial property provides returns in two ways- rent and capital appreciation, which greatly depend on the location.

Types of Commercial Properties
Commercial properties consist of industrial complexes, retail shops, and office buildings, among others. Decide the kind of commercial property that you want to buy. There are many reasons to invest in commercial real estate. You may want to run your own business or give it on rent. What kind of commercial property suits you entirely depends on your goals.

Check Legal Documents
Make sure to review all the records, financial information and documents. Verify the legal description of the property and also check the copy of construction blueprints and the most recent ‘title policy’ of the property. Ensure the property has received all the approvals from the concerned authority so that you don’t make any wrong investment decisions.

Check out for Hidden Charges
Almost all properties have hidden costs, including registration fees and property maintenance, among others. Estimate the potential costs and discuss them in advance in the ‘contract’ itself.

Litigation Matters
Make sure the property you are choosing is free from any legal implications ,If there is any litigation that is associated with the property, then the buyer gets a chance to re-negotiate, or if necessary, they can decide to walk out of the deal immediately.

Choose the Right Builder
Ensure that you choose a recognised and reputed builder with a proven track record of successfully completing and delivering projects on time. You need to cross-check and verify the credibility of the builder before finalising the deal.

Source - ashwinshethgroup.com

To Know About Properties in Thane Contact Us at 99881 74545 SquareFeet group

5 trends shaping the future of residential real estate in India

 

The Indian real estate sector is experiencing a significant evolution, largely driven by the rapid growth of the nation’s middle class. This transformative change, marked by a substantial increase in both the population size and the economy’s growth, has not only drawn the focus of industry experts but has also sparked considerable interest among investors, developers, and potential end users. This remarkable growth is powered by a combination of factors, including urbanisation, rising incomes, and improved access to education.

With new opportunities and trends, the residential market in India stands as a barometer of societal aspirations, economic vigor, and regulatory shifts. India’s residential property market in FY23an all-time high of Rs. 3.47 lakh crores, accounting for a robust 48% year-on-year increase. With a 36% rise of 379,095 units sold; the volume of sales also exhibited an updwardsa growth trajectory.

Every facet of the sector echoes the pulse of a rapidly evolving nation. Here are the key trends that are shaping the residential real estate market in India:

1. Rise of Low-Density Housing: There has been a notable surge in demand for low-density housing options such as villas, townhouses, and plotted developments. Low-density housing, like small neighbourhoods or houses with fewer people, uses up fewer resources such as water, air, and electricity. This type of housing encourages sustainable living for the people who live there for a long time. Shaping neighbourhoods with fewer houses and keeping the land largely unchanged helps save resources by reducing the need for additional infrastructure. The virtues of low-density housing have caught the homebuyers’ attention. Prioritising harmony with nature, privacy, and space, people are now gravitating towards low-density housing as a respite from crowded urban centres. Responding to this trend, developers are introducing meticulously planned, low-density projects that emphasize the importance of open spaces, lush greenery, and a sense of exclusivity. This shift underscores a growing appreciation for balanced living environments that seamlessly blend modern amenities with the tranquility of suburban landscapes. As per the annual Luxury Outlook Survey 2023 by India Sotheby’s International Realty, about 33% of HNIs and UHNIs are ready to spend more than Rs 10 crores to buy a property. For instance, Landmark Group sold their plots in _their new low density housing project, Landmark Avana situated in new Gurugram, in record time, especially to a new age group that is seeking more space, and a higher quality of life.


2. Technological Integration: The integration of technology is revolutionizing the residential landscape, enhancing convenience, security, and comfort. Smart homes equipped with IoT devices, home automation systems, and AI-powered assistants are becoming the new standard, offering residents a seamless living experience while setting new benchmarks for a futuristic living. The projected revenue in the Smart Home market in India is expected to reach US$6.5bn in 2024.
   
   According to Researchandmarkets, India ranked third in terms of smart homes worldwide in 2020. In addition to this, Statista’s Digital Market Outlook for 2021 forecasts that the number of smart homes in India is expected to surge to 442 million by 2025


3. Increased Preference for Homeownership: The onset of the Covid-19 pandemic has instigated a notable transformation in societal perspectives regarding homeownership. Many are now placing a greater emphasis on owning a home rather than opting for rental arrangements. Individuals have come to appreciate the advantages of residing in their own space with dedicated areas for work, study, and recreation. Consequently, there’s a heightened awareness regarding the intrinsic value of possessing a home, which offers a heightened sense of security and stability amidst periods of uncertainty. In FY22, banks in India advanced to an estimated 2 trillion Indian rupees in housing loans which is similar to the pre-Covid housing loan levels. This showed renewed homebuyer sentiment, as an increasing number of Indians were investing in purchasing residential property.


4. Luxury housing: Premium and luxury housing have become the focal points of the real estate market. Such exclusive residential projects, boasting top-tier amenities, allure discerning buyers seeking unparalleled living experiences. According to a recent study conducted by India Sotheby’s International Realty, there’s been a notable uptick in affluent individuals intending to invest in luxury properties over the next couple of years. The landscape of luxury real estate has undergone remarkable changes, driven by shifting consumer preferences influenced by changing demographics, increased technological integration, and rising income levels. Millennials are gravitating towards luxury homes due to their rising income, changing urban lifestyle, and growing affluence. Additionally, the potential for a high return on investment and significant rental income further fuels the demand for luxury properties. The sale of luxury homes in India increased by 130% in the first half of 2023 compared to the corresponding period of the previous year. Landmark Group’s new residential project upcoming in Dwarka Expressway promises an ideal residential complex with untold luxury services and modern amenities best suited for the evolving way of living.


5. Tier 2 emerges as a strong player: The aftermath of the pandemic prompted many individuals to reevaluate their living spaces and look for secure homes in their hometowns for an increased sense of stability. Consequently, Tier 2 cities have garnered attention as growing real estate hubs. These cities are witnessing a notable surge in investment activity, driving significant changes in their property landscapes. Bolstered by a thriving housing market, Tier 2 cities are experiencing rapid infrastructure expansion, presenting an array of residential and commercial prospects. In addition to this, the government’s push for smart cities is also helping the real-estate market growth. The Government has allowed FDI of up to 100% for townships and settlements development projects.

The real estate growth in tier 2 cities is catching up with that of tier 1 cities. For instance, Ahmedabad’s residential real estate market size of INR 83,390 crores has outshone some of the Tier 1 cities like Kolkata and Chennai with market sizes of INR 38,440 and INR 52,554 crore respectively at the end of fiscal year 2021-22 and this growth has resonated in the Tier II cities as well such as Nashik, Jaipur, Vadodra, Gndhingar etc

Keeping the recent demand for housing, the government has renewed its focus on affordable housing and developers have recalibrated their strategies to tap into this underserved segment. Affordable housing refers to housing that is priced at a level which is affordable to low and middle-income households. The Landmark Group is expected to deliver its affordable housing project, Landmark the Homes in sector 81 by December 2024. To buy affordable housing in India, one can explore government-funded programs designed specifically for low-income groups or home loan options from private lenders/NBFCs. In the Union Budget 2023-24, a commitment of Rs. 79,000 crore (US$ 9.64 billion) for PM Awas Yojana has been announced, which represents a 66% increase compared to the last year.

Government schemes like the Pradhan Mantri Awas Yojana and Rajiv Awas Yojana have incentivised developers to venture into affordable housing projects, fostering inclusivity and accessibility in the real estate market. With a population growing at a rate of 2.1% per year on average and the low purchasing power of a significant portion of our population, meeting the 40 million urban housing demands needs to be addressed.

India’s increasing urban population continues to fuel demand for residential spaces, transforming skylines and cityscapes.

Source - timesofindia.indiatimes.com

To Know About Properties in Thane Contact Us at 99881 74545 SquareFeet group

Navigating Success: Investing in Commercial Property in Thane

 

In the unique scene of land speculation, Thane arises as a sparkling guide for business property adventures. With its essential area, prospering framework, and promising financial possibilities, Thane offers a rich ground for financial backers looking for worthwhile open doors. In this article, we dig into the appeal of commercial property in Thane, investigating its key elements, speculation potential, and the variables driving its development.

Advantages of putting resources into commercial real estate

Thane, arranged in the Mumbai Metropolitan Locale (MMR), has gone through a surprising change as of late. When referred to principally as a private center, it has developed into a flourishing business community, drawing in organizations from different areas. The city's essential area, with a great network to Mumbai and other significant urban communities, makes it an appealing objective for business adventures.

Key Highlights of Commercial Property in Thane:

1. Strategic Location: Thane's proximity to Mumbai, alongside its advanced transportation framework, including expressways, rail lines, and impending metro lines, guarantees a consistent network for organizations and suburbanites.


2. Modern Infrastructure: The city has cutting edge business buildings, business parks, and IT center points furnished with top notch conveniences, taking care of the developing requirements of current ventures.


3. Growing Market Demand: Thane's expanding business scene is filled by a hearty interest from areas like IT, money, assembling, and retail, introducing sufficient chances for financial backers to exploit.


4. Favorable Regulatory Environment: The Maharashtra government's proactive strategies and simplicity of carrying on with work drives have established a helpful climate for interest in business land, furnishing financial backers with a feeling of safety and strength.


5. Investment Potential: Commercial property in Thane offers promising speculation potential, with appealing rental yields and capital appreciation possibilities. The city's developing height as a business center, combined with expanding requests from organizations, converts into consistent returns for financial backers. Besides, the accessibility of assorted property choices, going from office spaces and retail outlets to business buildings, takes special care of differing venture inclinations and monetary requirements.

Factors Driving Growth:

A few variables add to the supported development of commercial property in Thane:

1. Urbanization and Population Growth: Thane's thriving population, combined with fast urbanization, powers the interest for business spaces to oblige the necessities of organizations and occupants the same.


2. Infrastructural Improvement: Progressing infrastructural projects, including metro network, street extensions, and business advancements, support Thane's allure as a chief business objective, drawing in both homegrown and worldwide financial backers.


3. Employment Opportunities: The multiplication of open positions in Thane and its adjoining regions goes about as an impetus for the development of business land, as organizations try to lay out their presence in vicinity to key ability pools.


4. Change in Work Culture: The developing work culture, described by the ascent of remote work and adaptable office game plans, has prompted expanded interest for collaborating spaces and store workplaces in Thane, taking special care of the requirements of new companies, consultants, and private ventures.

Conclusion

All in all, a business commercial in Thane presents a convincing speculation recommendation for knowing financial backers hoping to benefit from the city's development direction. With its essential area, current foundation, and favorable business climate, Thane stands ready to arise as a chief business objective in the locale. By harnessing the capability of Thane's dynamic housing market, financial backers can open a universe of chances and secure long haul profits from their venture.

Keep in mind, while considering commercial property in Thane, it's crucial to lead exhaustive exploration, look for master counsel, and survey your venture targets to settle on informed choices that line up with your monetary objectives and goals.

A Guide to Investing in Commercial Property in Thane

 

Putting resources into commercial property in thane can be a worthwhile and remunerating try for the people who will invest the energy and face the fundamental challenges. Nonetheless, similar to any speculation, there are the advantages that accompany putting resources into commercial real estate.

Advantages of putting resources into commercial real estate

1. Income: One of the essential advantages of putting resources into commercial property in thane is the potential for income. Business properties are commonly rented to organizations that pay lease consistently, giving a constant flow of pay for the land owner.


2. Appreciation: After some time, commercial real estate can possibly see the value in esteem. As the property turns out to be more attractive and the encompassing region creates, the worth of the property can increment, giving a profit from venture to the proprietor.


3. Expansion: Putting resources into commercial real estate can be a method for expanding your venture portfolio. By adding commercial real estate to your portfolio, you can lessen your general gamble and possibly increment your profits.


4. Tax reductions: There are a few tax cuts to putting resources into commercial real estate. Land owners can deduct costs, for example, contract interest, local charges, and devaluation, which can decrease their general duty obligation.

Tips and pointers for beginners

1. Properly investigate things: Prior to putting resources into commercial real estate, doing your research is significant. Comprehend the nearby market and the sorts of properties that are popular. Take a gander at verifiable information and projections to get a feeling of the potential for appreciation and income.


2. Construct a group: Putting resources into commercial real estate can be intricate, so it means a lot to fabricate a group of experts to assist you with exploring the cycle. This might incorporate a realtor, lawyer, bookkeeper, and property director.


3. Figure out the dangers: Putting resources into commercial real estate accompanies chances, so understanding them prior to making a purchase is significant. Lead a careful property examination and evaluation to recognize any potential issues that could influence the property's estimation or income.


4. Have a technique: Prior to putting resources into commercial real estate, have an unmistakable procedure set up. Figure out what sort of property you need to put resources into, what your speculation objectives are, and the way that you intend to deal with the property.


5. Think about supporting choices: Commercial real estate speculations regularly require a lot of capital, so taking into account funding options is significant. This might incorporate conventional bank credits, confidential moneylenders, or crowdfunding stages.


6. Show restraint: Putting resources into commercial real estate is a drawn out technique, so showing restraint is significant. It might require investment to track down the right property, secure support, and produce a profit from the venture.

Conclusion

All in all, putting resources into commercial property in Thane can be a brilliant and remunerating speculation system for the people who will invest the energy and face the vital challenges. By understanding the advantages of commercial real estate effective financial planning and following these tips and pointers, fledglings can expand their odds of coming out on top and accomplish their venture objectives.

To Know About Commercial property Contact Us at 99881 74545 SquareFeet group

Discover Your Dream Home: Affordable Houses in Thane with Squarefeet Group

 

In the bustling real estate market of Thane, finding the perfect home that combines comfort, convenience, and affordability can be a daunting task. However, look no further – Squarefeet Group is here to turn your dream of owning an affordable house in Thane into a reality. As a leading real estate firm, Squarefeet Group is dedicated to providing quality homes that cater to the needs and aspirations of every homebuyer.

Affordable Housing in Thane:

Thane, known for its scenic landscapes and vibrant lifestyle, has witnessed a surge in demand for affordable housing. Squarefeet Group recognizes this growing need and has curated a portfolio of budget-friendly residential projects that offer a perfect blend of comfort and cost-effectiveness.

Why Squarefeet Group?

• Quality Construction:
  Squarefeet Group is synonymous with quality construction. Each project undergoes stringent quality checks, ensuring that your home is not just affordable but also built to stand the test of time.


• Prime Locations:
  Projects are strategically located in prime areas of Thane, providing easy access to essential amenities, schools, hospitals, and recreational facilities. Convenience is a top priority at Squarefeet Group.


• Amenities Galore:
  Despite being budget-friendly, the projects boast a range of amenities, including landscaped gardens, playgrounds, fitness centers, and community spaces. We believe that affordable housing should not compromise on the quality of life.
  
  For those searching for affordable houses in Thane, Squarefeet Group stands out as a reliable and affordable real estate partner. Commitment to quality, prime locations, ample amenities, and transparent transactions makes us the go-to choice for budget-conscious homebuyers in Thane.


• Affordable Houses in Thane: A Dream Within Reach
  Are you tired of compromising on your dream of owning a home in Thane due to budget constraints? Squarefeet Group understands the significance of this dream and endeavors to make it a reality for you. Affordable housing options in Thane redefine the meaning of value for money, offering homes that don't just fit your budget but also exceed your expectations.


• Prime Locations for Every Lifestyle
  Squarefeet Group takes pride in selecting prime locations for its affordable housing projects. Whether you're a working professional, a growing family, or a retiree, the developments are strategically placed to cater to your lifestyle needs. Close proximity to schools, hospitals, shopping centers, and transportation hubs ensures that you're always well-connected.


• Amenities that Enhance Your Living Experience
  Commitment to providing quality living spaces extends beyond the four walls of your home. At Squarefeet Group, we understand the importance of amenities that enhance your living experience. From lush green landscapes to well-equipped fitness centers, Affordable housing projects in Thane are designed to elevate your lifestyle without breaking the bank.


• Transparent and Hassle-Free Transactions
  Squarefeet Group takes pride in selecting prime locations for its affordable housing projects. Whether you're a working professional, a growing family, or a retiree, the developments are strategically placed to cater to your lifestyle needs. Close proximity to schools, hospitals, shopping centers, and transportation hubs ensures that you're always well-


• Your Affordable Dream Home Awaits
  With Squarefeet Group, finding an affordable house in Thane is not just a possibility; it's a promise. Commitment to quality, prime locations, amenities, and transparency makes us the ideal choice for anyone in search of their dream home on a budget. Take the first step towards homeownership with Squarefeet Group and turn your dream into reality.

Conclusion

Squarefeet Group is your trusted partner in the journey towards affordable homeownership in Thane. Commitment to quality, prime locations, amenities, and transparent transactions sets us apart in the real estate market. Explore our affordable housing options in Thane and make your dream home a reality with Squarefeet Group.

To Know About Residential property in Thane GB road Contact Us at 99881 74545 SquareFeet group

Discover Your Dream Home with Squarefeet Group: Best Affordable Flats in Thane

 

In the bustling real estate market of Thane, finding the perfect blend of comfort, affordability, and luxury can be a daunting task. However, Squarefeet Group emerges as the beacon of hope for those in search of their dream homes. As a premier real estate company, Squarefeet Group is dedicated to providing the Best Affordable Flats in Thane, ensuring that every individual can experience the joy of owning a home without breaking the bank.

Why Choose Squarefeet Group?

Squarefeet Group has earned a stellar reputation for its commitment to delivering high-quality residences at affordable prices. Here are some compelling reasons why Squarefeet Group stands out in the competitive real estate landscape:

• Affordability Redefined:
  Squarefeet Group understands the importance of affordability without compromising on quality. With a wide range of budget-friendly options, the company ensures that everyone, from young professionals to growing families, can find a home that suits their financial plan


• Prime Locations in Thane:
  Location is key when it comes to real estate, and Squarefeet Group excels in offering prime properties in Thane. Whether you prefer the serene outskirts or the heart of the city, Squarefeet Group has strategically located projects that cater to diverse preferences.


• Quality Construction and Amenities:
  Squarefeet Group takes pride in its commitment to constructing homes that stand the test of time. From the foundation to the finishing touches, every aspect of their projects reflects quality craftsmanship. Additionally, residents can enjoy a host of modern amenities, ensuring a comfortable and convenient lifestyle.


• Customer-Centric Approach:
  Squarefeet Group places customers at the forefront of its operations. The company's dedicated team is always ready to assist, providing personalized guidance and support throughout the home-buying journey. This customer-centric approach has resulted in a high level of customer satisfaction.


• Best Affordable Flats in Thane:
  Squarefeet Group's portfolio of Best Affordable Flats in Thane caters to the varying needs and preferences of homebuyers. Whether you seek a cozy apartment for a small family or a spacious residence for a growing one, Squarefeet Group has the perfect solution.

Conclusion

In the quest for the Best Affordable Flats in Thane, Squarefeet Group emerges as a reliable and trustworthy partner. With a commitment to affordability, quality construction, prime locations, transparency, and customer satisfaction, Squarefeet Group is the key to unlocking your dream home. Explore the diverse range of properties offered by Squarefeet Group and take the first step towards making your homeownership dreams a reality.

To Know About Property in Thane GB road Contact Us at 99881 74545 SquareFeet group

Building Prosperity Brick by Brick: A Step-by-Step Approach to Residential Real Estate Investing

 

Residential real estate constitutes a significant segment of the property market, encompassing various types of dwellings such as houses, apartments, condominiums, townhouses, and other homes designed primarily for living purposes. These properties are either owned or rented and serve as personal abodes for individuals or families. Residential real estate can also be a lucrative avenue for investment, attracting both homeowners seeking a primary or vacation residence and investors looking to generate rental income or profit through property flipping.

Investing in residential real estate offers numerous advantages, making it an attractive option for those looking to build wealth over time. One of the key benefits is the potential for a steady cash flow through rental income. Well-managed rental properties can yield consistent returns, providing investors with a source of passive income while simultaneously building equity in the property.

Additionally, residential real estate tends to appreciate over time, offering the potential for capital gains when the property is eventually sold. This appreciation is influenced by factors such as location, market trends, and economic conditions. Real estate serves as an inflation hedge, as rising prices for goods and services can lead to increased rent prices and property values, safeguarding investors against the erosive effects of inflation.

Tax benefits further enhance the appeal of residential real estate investment. Investors can take advantage of deductions for mortgage interest, property taxes, depreciation, and repairs, contributing to potential tax savings. Leveraging is another advantage, allowing investors to use a smaller initial investment to purchase properties and potentially amplify returns if property values and rental income exceed expenses.

Diversification of an investment portfolio is facilitated by real estate, which typically exhibits low correlation with traditional stocks and bonds. This diversification can help mitigate risks and enhance overall portfolio resilience. Additionally, investing in real estate provides investors with better asset control. They can make improvements to the property, adjust rent prices, and manage expenses to enhance cash flow and property value.

Getting started in residential real estate investing involves careful planning and execution. Here are detailed steps to guide individuals on their journey into this potentially lucrative venture:

1. Define Investment Goals
   Clearly articulate your investment goals, whether they involve short-term or long-term gains, additional income generation, or portfolio diversification. Understanding your objectives is crucial in shaping your investment strategy.


2. Build a Professional Team
   Assemble a team of experienced professionals to guide you through the complex real estate investment process. This team may include a real estate agent, mortgage broker, attorney, and accountant. These experts can provide invaluable insights and ensure a smoother investment experience.


3. Develop a Comprehensive Budget and Secure Financing
   Create a detailed budget that includes expenses such as mortgage payments, management fees, and maintenance costs. Explore various financing options, including traditional mortgages, private lenders, or partnerships, to determine the most suitable approach for your investment.


4. Search for Properties
   Identify properties that align with your investment goals and budget. Focus on desirable locations with strong potential for appreciation or rental income. A competent real estate agent can assist in locating properties that match your criteria.


5. Conduct Due Diligence
   Once a potential property is identified, conduct thorough due diligence. This involves property inspections, researching the property's history and market value, and assessing potential expenses. A qualified real estate agent can be instrumental in facilitating this process.


6. Make an Offer and Negotiate Terms
   Based on your research and budget, make an offer for the property. Negotiate terms with the assistance of your professional team, ensuring favorable conditions for the acquisition. Finalize the deal once mutually agreeable terms are reached.


7. Property Management
   If your intention is to rent the property, focus on finding reliable tenants and implementing effective property management strategies. This involves ensuring the property is well-maintained and generates consistent income. If managing the property yourself is impractical, consider hiring a property manager or management company.


8. Monitor and Adjust
   After acquiring the property, actively monitor its performance. Regularly evaluate its financial and operational aspects, adjusting your strategy as needed. Stay informed about market trends and consider opportunities for expansion or divestment based on the property's performance.

Conclusion

In summary, residential real estate investing can be a rewarding endeavor when approached with careful consideration and strategic planning. By defining clear goals, assembling a competent team, conducting thorough due diligence, and actively managing the property, investors can build wealth over time and enjoy the benefits of a diversified investment portfolio.

To Know About 1 BHK Residential property in Thane GB road Contact Us at 99881 74545 SquareFeet group