Latest Property News from Mumbai Property Market

Latest Property News, Tips & Analysis by our expert team
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Nariman Point - Mumbai - Best Property Investment

Sep 23 2021

Nariman Point in Mumbai is located in South Mumbai and between 1980 - 2010 it was considered to be the best Central Business District with Fort, Ballard Estate, Colaba, Churchgate and Cuffe Parade in its closest vicinity. This zone is dotted with Government Offices, Banks, Hotels, Corporates and Industry HeadQuarters like Tata Sons head quarters is in Fort. Besides this this area has Investment Bankers, Stock Brokers and India's Top Lawyers.

Come 2010 - BKC, Lower Parel and Worli came in with swanky new buildings with large floor plates etc. Nariman Point had only a few buildings like Express Towers, Nirmal etc where one could get larger floor areas. Rest of the Nariman Point mostly had 500 - 5000 sq.ft as maximum areas.

Come 2021 Nariman Point is getting back into shape with better carpet area efficiency - around 20% max from Built Up, Lower society outgoings its making sense from a long term property investment. With upcoming Metro which will be located in the heart of Nariman Point, the connectivity angle to any part of Mumbai is resolved. Going forward you may see price appreciation in Nariman Point so if you are looking for property investment do consider the old world.

For investments in Nariman Point, Mumbai - Call - Sandeep Sadh - 9820030685

Kotak Bank launches Home Loan Starting 6.5%

Sep 10 2021

Kotak bank launched very low home loan rate Offer Valid till 8 November 2021 to encash on the festive season in India. The benchmarking for eligibility now is your CIBIL Score or your Credit Score, the better the Score the lower the interest rate. Its a good opportunity for Salaried employees who are currently residing on rent and they may want to consider this as the delta between lease rent and home loan is now 4%. So with incremental 4% odd interest can translate into an asset creation. Mumbai Corporate leasing, Premium Properties in Mumbai are in vogue today and one can surely look at understanding the differential value and opting for a home loan at these competitive rates.

Cibil Greater than 800

Salaried - 6.50%

Cibil 751-800

Salaried - 6.60%

Cibil 700-750

Salaried - 6.80%
Cibil below 700

Salaried - 7.10%

Maha RERA Helpline Number 18002103770

Sep 10 2021

In a bid to create more transparency and have redressal to Home Buyers issues relating to possession mainly the MahaRERA has launched a Help Line which will be open up for calls from 7 AM to 11 PM at night. This is an interesting development for Home Buyers who can easily call the Help Desk to resolve their queries.
 
MahaRERA has been quiet active of late post covid and they have given extension of 6 months to the projects which had completion date or expiry date etc till April 15, 2021. They have also blacklisted projects which did not comply with RERA norms. This has resulted in a good confidence in Home Buyers to see an authority taking pro active steps in the interest of Home Buyers. Due to Covid a lot of developer office team and office bearers even in MahaRERA were remotely working. Updating data on the MahaRERA website is a tedious task and needs inputs from Sales, Legal, Architecture department etc. Only once the developer gets all these information from different teams in the Company they are able to upload the same on the MahaRERA website. This process will be streamlined in a few months and developers whose projects are prohibited just need to update and validate their information to get on line.

Rahul Dravid to Bat for Piramal Realty

Sep 10 2021

Piramal Realty has been one of the best brands in the Mumbai Property Market in recent years. Headed by Mr.Anand Piramal the Company has launched projects in Thane, Mulund West, Byculla, Mahalaxmi either in Joint Venture or through their own lands which were part of the Piramal Group in Mumbai.

Mr.Rahul Dravid is now the Brand Ambassador for Piramal Realty. The ethos and belief of both Piramal Realty and Mr.Rahul Dravid resonate with each other with both giving their best shot in any thing they do. Piramal Realty developments of Pirmal Mahalaxmi, Piramal Vaikunth in Thane, Piramal Aranya in Byculla and Piramal Revanta in Mulund are by far the best projects in their own domains. There is a growing demand in the Mumbai property market for branded products and with a process driven approach. Piramal Realty is one of the most credible name in the Mumbai Property Market today and its philosophy of creating value runs in the family brand.

Income-Tax return filing deadline extended to December 31

Sep 09 2021

The Central Board of Direct Taxes (CBDT) has given extension till 31st December 2021 to file Income Tax returns.

Due to the issues on the website of the income tax lot of individuals have not been able to file their income tax returns and these glitches have resulted in a major loss to the exchequer in revenue generation.

The 31st December 2021 new date will be a respite for a lot of tax payers and with festive season coming up, they will have a sigh of relief.

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