Best Locations In Mumbai To Buy Residential Property

Mumbai-the commercial capital of the country and home to the Indian film industry, has always been a preferred choice for buying, selling or renting properties in India. It is recognized as an IT/ITES hub and this has led to a thriving demand for properties. Despite the skyrocketing real estate prices, the city has something to offer for every class of the society to invest in real estate.

Due to large scale urbanization in the suburbs, Mumbai is expected to see very high demand for residential space of approximately 16.40 lakh units. The mid-scale and affordable housing in suburban and peripheral areas will be the focus of this demand.

The eastern suburban areas of Navi Mumbai, like Kharghar, Airoli, CBD Belapur, and Sanpada which have been getting a lot of infrastructural developments, happen to be good investment options. Rates in Navi Mumbai range between Rs.3000 to Rs.5000 per sq ft. While the North Western and Eastern suburbs continue to be the preferred locations; in Mumbai, the demand has continued and there are some new projects coming up in South Mumbai. Also, Central Mumbai areas e.g. Wadala, Sion etc are coming up with new residential ventures.

Navi Mumbai is getting the larger share of the pie, as most of the real estate projects are coming up here and the prices are affordable as compared to Mumbai. Many options are still available in Mumbai, wherein you can afford to have an abode of your own. Lets have a look at a few of them:

Kurla- One of the major suburb of Mumbai, the suburban railway station lies on the Central and Harbour line. Lokmanya Tilak Terminus lies near to the Kurla Suburban Station, which is a terminus for out passenger/express trains. It has its own railway junction and is 3.5 Kms away from the domestic airport and 13.5-14kms from Mumbai Central and Mumbai CST respectively. The locality has got Engineering Colleges as well, apart from lots of schools and various other educational institutions.

Borivali- The Borivali suburban railway station is on the Western Line. Located in the North-Western Mumbai, it is one of the few places in the world that has got a National park within the city limits-The Sanjay Gandhi National Park. There are a number of well known educational institutions managed by the Franciscan Brothers. The very famous amusement park, “Essel World” and Asia’s largest water park “Water Kingdom” are located here. It is at a distance of approximately 18 Km from the airport and 32 Km from the Mumbai Central.

Sion- The Sion suburban railway station lies between Matunga and Kurla on the Central line. There are a few residential projects coming up in this area. The Central Labour Institute is nearby and other schools and colleges are also there. Not only the local trains, but also the Sion BEST bus depot connects it well to other localities like Wadala, Dadar, Antop Hill, Bandra etc.

Vikhroli- This Mumbai suburb has a railway station with the same name on the Central line. Similar to many other areas in Mumbai, it is divided by the railway line between two parts, namely Vikhroli East and Vikhroli West. There has been a proposal for a bridge to be built over Thane creek to Kopar Khairne, Navi Mumbai, the third linkage between Navi Mumbai to Mumbai. It lies between the Ghatkopar and Kanjurmarg Suburban Railway Stations.

Chembur- Located 22 Km to the North-East of Churchgate, Chembur is located in the eastern part of Mumbai. The Suburban Railway station of Chembur is on the Harbour Line. Owing to its central location, it is well connected via roads to Navi Mumbai, Ghatkopar, Sion, Kurla, Mulund, Mankhurd, Panvel and Thane. The NG Acharya Garden or Diamond Garden, Sandu Garden and Pestom Garden. are the major attractions of Chembur. It is about 20 Km from the international airport and 18 Km from the CST railway station.

Jogeshwari- Jogeshwari Suburban Railway station lies on the Western Line between Andheri and Goregaon. Jogeshwari-Vikhroli Link Road or JVLR, as it is popularly known connects it to the central suburb of Vikhroli. The place is mostly inhabited by Muslims and Maharashtrians. The suburb is named after Goddess Jogeshwari. There are some earlier caves in the eastern part of the region, dedicated to Lord Shiva and Goddess Jogeshwari. There are some of the well known schools and colleges in the area.

Ghatkopar- One of the richest suburbs of the city, the place is filled with all kinds of shopping centers, jewelers’ shops, cloth shops, eateries etc. It lies on the Central Line of the suburban railway station, between Vidyavihar and Vikhroli. North Bombay Welfare Society High School (Ghatkopar West), Fatima High School (in the border area with Vidyavihar), Gurukul High School (Ghatkopar East), Garodia High School (Garodia Nagar), Ramji Assar High School (Ghatkopar East) area few private schools in the area. For arts, Science, Management, Engineering and Medicine streams, the famous Somaiya family of colleges is here. In addition, the suburb is served by at least three Municipal schools. It lies 6 Km from the international airport and about 18 and 16 Km from CST and Mumbai Central respectively.

Goregaon- It is a major suburban railway station on the Western Line between Jogeshwari and Malad. It is in the northern part of the city and is easily accessible by buses, trains, auto-rickshaws and taxis. Not only has it housed the famous film studios Filmistaan and Film City (in Goregaon East) but also the cinemas like Anupam and Samrat. Goregaon West is known to have most of the shopping centres of the locality. The Western Express Highway and Linking road lie on either side of the area. It is primarily a middle class locality.

Malad- It is well known for Marve/Aksa/Erangal beaches where the famous Raheja group hotels Resort/Retreat are situated. It is on the Western Line of the Suburban Railway between Goregaon and Kandivali. There are a number of shopping centres, markets, theaters etc in the locality. Malad East has many popular housing colonies like Raheja Township, Govind Nagar, Mahindra Nagar and Pratap Nagar. Mahindra Nagar is a clean and green society, which was nominated as the second most pollution-free area in Mumbai by Eureka Forbes after Aarey Colony in Goregaon.

Area-Avg Price/Sqft(INR)-Avg Rent/Sqft (INR)
Kurla(East/West)-6092 / 7688-21 / 29
Borivali(East/West)-6330 / 6884-21 / 18
Vikhroli(East/West)-6051 / 6609-19 / 24
Ghatkopar(East/West)-7458 / 6880-26 / 24
Malad(East/West)-7204 / 5336-24 / 25
Jogeshwari(East/West)-9190 / 7309-32 / 28
Goregaon(East/West)-7605 / 7968-25 / 25
Chembur-8367-25

The above localities offer a lucrative option for real estate investments. These are well developed and have a better infrastructure in comparison to the developing Navi Mumbai suburbs. Also, they offer a cheaper rental as well as capital values, when compared to the Mumbai’s Golden triangle, Malabar Hill, Breach Candy and Altamount Road and other costly areas, where residential properties sell in the range from 40000-62000 Rs/Sqft .

Faq Related To Property For Sale In Greece

Getting a residential or commercial property in foreign land can be a nightmare as there are many things that are kept in dark at the time of purchase. This is the reason why so many people inhibit to buy property in foreign land. The best way to get away any kind of inhibition, it is always good to ask various question related to the property before buying it. Foreign buyers do not have to face the same condition; property dealers of Greece property entertain various FAQs before selling property to international buyers. Read further to known about the frequently asked question related to the Property for Sale in Greece. These questions will help one to know about necessary things need to enquire before buying property in Greece.

The prime question asked by every buyer before buying property in this country is what type of properties are available to buy in this country?
There is a wide range of properties to buy and sell in this country, which comprises of residential as well as commercial property in the form of cottages, houses, luxury apartments, villas, etc. There are old as well as new properties to buy in Greece, those who want to go for old properties can avail great bargain on the property, however one have to invest money to renovate old property. One can also find exotic and attractive Villas for Sale Greece at affordable rates.

Are foreigners allowed to buy property in Greece?
Yes, the Greek government has introduced new policies related to buying and selling of property according to which foreigners can buy property in Greece. There are several people from different nationalities live in this country.
How much time does it take to complete process of transferring property?
If you have purchase a House for Sale Greece that it will take 48 hour to 2 weeks to the minimum to transfer property. However, if the seller has not provided the property with the entire important document, it will take around 3 months.
What I need to do once I get house of my dream?

Once you have found your choice of house, you need to find an English speaking lawyer. Then you need to sign a proxy so that your lawyer can represent you in your behalf. Make your purchase complete by signing on contract and by obtaining AFM number. All transaction will be done in Euros and you will need to set up a Greek bank account to pay for your property and for obtaining legal advice.

The Property Prices Of A 2bhk In Pune

Pune, the second largest city of Maharashtra, has not gone unscathed from the economic crisis that India is facing currently. The Pune property rates in certain localities have appreciated this year, though at several others, the Pune property prices have make a slide downwards. Regardless of all this, the city manages to keep a high head as far as the demand for residential properties Pune is concerned. But still, it is the price factor that matters most to an end-user. We are going to brief about the rates that are prevalent in different localities of this city. Here, our focus shall be solely on the prices of 2 BHKs, and you will notice that the range is almost the same in different areas.

Consider Pune real estate prices in Wakad, one of the highly developed localities of the city and popular for the proliferation of IT industries. A 900 sq. ft., two-room flat can be available at around 20 lacs. The per square feet rate varies from an apartment to apartment: it depends on the exact location of the property. The highest rate that one can expect here is around 85 lacs, for a flat with same area. Localities like Vishrantwadi, Talegaon, Pimple Saudagar, Handewadi, Phursungi, Katraj, and Kondwa, the range varies between 20 lac and 80 lacs.

But prices do not necessarily run in lacs only; Property Pune prices in several localities, for a two-room apartment runs in crores or a few lacs less. Take Kalyani Nagar, for example. It stands among a few costliest residential areas that the city offers to its buyers. A stronghold of the corporate sector and backing by good infrastructure are the prime reasons behind the hefty rates at Kalyani Nagar. Starting from about 60 lacs, a 2 BHK apartment can cost as high as a whopping 6 crores! The other pricey localities include Undri, Viman Nagar, Dhanori, Koregaon Park, Hinjewadi, Kothrud, Wadgaon Sheri, Alandi, NIBM Road. The other like Wagholi, Baner, Hadapsar too are on the higher side of the price, though they have options for budget properties too.

On the lower side, the budget properties Pune can be explored in and around Dehu Road and BT Karve Road. Shikrapur is one of the localities where you will find low-cost apartments: the approximate range here is 15-20 lacs. Narhe is a good option for middle-class buyers; here they can find two-room flats in the range 20-60 lacs.