Ghatkopar - The New Real Estate Hub

One of the biggest advantages for Ghatkopar has been its infrastructure. With Mumbai Metro connecting Ghatkopar to the Western Suburb, Andheri and the freeway connecting it to Bandra, it has resulted in a boom in property in Ghatkopar.

 

On the rise
 

People who have lived in Ghatkopar for long have mentioned how things have changed here with rampant construction of new buildings and colonies. Several redevelopment projects have been undertaken leading to newer residential complexes. Flats in Ghatkopar are now high-priced, thanks to the connectivity to the transport system and also a rise of new businesses. 

Hangout zones

There are quite a few landmarks in Ghatkopar that are well-known, Vikrant and Irion Circle being two of them. The area also boasts of tasty street food with its locals claim that the best pani puri and pav bhaji in the city are made here.

Social Amenities

Of the social amenities provided by Ghatkopar, the major health institutions in the locality are Wadi Hospital, Bakul Parekh Children’s Hospital, Ashwini Maternity and Surgical Hospital, Ashirwad Heart Hospital and Navnirman Maternity and Surgical Hospital.

Mumbai Metro - A Great Boon

The metro is Ghatkopar’s new icon as it makes it very convenient for commuters to go to Marol, Sakinaka or Versova which otherwise is cumbersome through road.  Ghatkopar at once was called a village area because of the barren land. The rapid development in the last few years has now transformed it into a prime location.

The Future

Locals even claim that Ghatkopar will be soon the Bandra of the Central suburbs. However, it needs to clear the congestion on roads and sort its space issues.
 
But with adept planning and commercialisation, Ghatkopar surely looks well on its way to become the new hi-fi area of Suburban Mumbai.

Anmol Fortune, Goregaon West - Thoughtful & Luxurious Living

Anmol Fortune is one of the best residential projects in Goregaon West by The Wadhwa Group featuring 2 BHK, 2.5 BHK & 3 BHK apartments, the project offers unsurpassed connectivity, breathtaking views, and luxurious amenities.

Wadhwa Wise City - Show Residences

Homes at Wadhwa Wise City are designed to ensure fresh air & ample natural light. The apartments here have been efficiently planned to ensure minimum wastage of space.

Here’s a glimpse >>>

 

Why Real Estate is The Best Investment Option

Ever wondered why people always quip about how real estate investments are the most reliable form of investments? From financial experts to the layman to real estate developers, everyone understands owning a home is the best possible investment one can make. Not only is the best investment option it is also completely safe and reliable. This stands true even when we speak about real estate in Mumbai. 

Here are some reasons that reinforce this fact:
 

1. Stability
 

Contrary to popular belief, the real estate industry is quite stable. Especially when we compare them with other verticals, such as, the global economy, inflation rate, tumultuous nature of the share markets and the ever-rising interest rates at banks. Not only is the real estate industry stable, it also shows steady improvement over the years and if you are looking at long term investment then, the investing in residential projects in Mumbai is ideal.
 

2. Appreciation
 

The long-term trend of real estate always sees the graph tilting upwards. Real estate appreciation is one of the biggest reasons why people invest in real estate. What is worth a certain amount today will definitely see a significant rise in 10-15 years. This has been proven time and again, especially when you consider the real estate in Mumbai.
 

3. Steady Income
 

Rental income is often a primary source of income for people who take real estate investments very seriously. Real estate developers suggest that it is best to invest in a property that gives them a rental income that will add up to be more than their recurring costs, else it is not a sensible investment. According to rising property rates, one can even increase their rental amount and very often this amount is sufficient to take care of their daily needs.
 

4. Hedge Against Inflation
 

While it is safe to say that with time prices always go up, the prices of real estate always go up more swiftly and this directly means that real estate investments provide a hedge against inflation. Hence, investing in real estate is the safest option available as you can avoid losing the value of the property to inflation.
 

5. Accessibility
 

In every sense, real estate is accessible for all. With the growth of the internet and technology, there are multiple online portals and websites that help beginners understand the market and learn more about the nitty-gritties. Real estate developers and agents too are more transparent these days, since there is plenty of information available online for users to check back with. Search engines can even list down all properties one needs in a certain area with just the click of a button.
 

6. Tax Benefits
 

Another major advantage of investing in real estate are the tax benefits you can avail. Investors get tax exemptions for owning a property and even rental income is not subject to heavy taxes.
 

Real estate in Mumbai is booming and some parts of the city are doing better than the other. It is best to do your own research before one takes the big step of investing in a property, since historical data is very crucial in the decision-making process. So, if you’re looking for an investment option for the safe-keeping of your money and for growth as well, don’t look beyond real estate investments.

Maha CM Inaugurates Wadhwa’s ‘Affordable Housing” Project

Maharashtra Chief Minister Devendra Fadnavis inaugurated Wadhwa Wise City,  first Integrated Township Project at Panvel, near Mumbai, of the Wadhwa Group named “Wadhwa Wise City” – an affordable housing mega project - under the Prime Minister’s Awas Yojana (PMAY) Urban Scheme. The project, which is situated in NAINA (Navi Mumbai Airport Influence Notified Area), will provide 5,500 affordable homes alongside creating 2.5 lakh related jobs, and has witnessed massive response with 900 units being sold in the pre-launch Phase I itself.

Fadnavis said that the Maharashtra Government, as part of its mission of “Housing for All,” is aggressively working towards fulfilling its target of providing 10 lakh affordable houses in Mumbai Metropolitan Region by 2022 – and the Wadhwa Housing project is one of the developers helping in promoting the Government’s efforts. “I met the CEO of the World Bank in the USA and submitted a proposal which was approved. The Wadhwa Group’s Affordable Housing Project at Panvel will help decongest Mumbai, and I hope we get more such developers for providing affordable housing,” he added.

Noting that the Group has entered into a “JDA’ with the “Valuable Properties Pvt Ltd” - a subsidiary of the Bahrain-based Gulf Finance House (GFH) – and is planning to develop 138 acres out of its 450 acres area, Vijay Wadhwa, Chairman, Wadhwa Group, said that with all Phase I clearances completed including environmental and the mandatory Maha Rera, the project will offer Efficient Studio, 1, 2 and 3 BHK apartments - whose present 900 buyers included first-time home buyers and 70-80% salaried class being under 40 years of age and applying for home loan.”

“Connectivity is the ‘brand ambassador’ for this project - where Panvel offers excellent railroad connectivity to main city Mumbai, besides also being the “Gateway” to the Konkan Coast region and easing commute to other states in India. However, infrastructure developments like the upcoming Navi Mumbai International Airport, Mumbai Trans-Harbour Link, Virar Alibaug Multi-Modal Corridor etc are the factors driving demand for residential and commercial real estate in this ‘New Growth Corridor,” Wadhwa said, adding that recent studies highlighted the huge need for affordable housing across metro cities to meet the needs of the large influx of people coming in search of jobs and better livelihood.

Navin Makhija, Managing Director, Wadhwa Group, said that Panvel, as the most advanced infrastructure hub of India, was set to highlight itself as India’s classic example of an affordable housing hub – with the Government’s added focus on the region.

Gurudatta Deshmukh, Vice-President, Wadhwa Group, told this correspondent that the project will be constructed in various Phases with the first Phase set for completion in about four years, and the total project in about 8-9 years. With 100+ ‘Iconic’ projects under its belt, the Group’s search for diversification had led it into the ‘Affordable Housing’ segment that has been caused by demographic changes, he said adding “This is the largest such project by the private sector in India, and also the first Integrated Township of its kind.”

Source: The Financial World

Wadhwa Wise City To Deliver 10,000 Affordable Homes

The Wadhwa Wise City a project by The Wadhwa Group is going to deliver around 10,000 affordable homes and it will also hand over 1,000 units to the government, an official said.

“The project will offer a unique proposition of efficient Studio, 1 & 2 BHK apartments that will be constructed in various phases. Out of the total land holding of 450 acres, The Wadhwa Group is planning to develop 138 acres”, the release said.

The Wadhwa Group has entered into a JDA with Valuable Properties Pvt Ltd, an investment arm of Bahrain based Gulf Finance House (GFH) for the project.

According to the source, the development is done by The Wadhwa Group for some land parcels which are owned by Valuable Properties Pvt. Ltd and around 300 acres of land is owned by Valuable Properties.

In a conference meet on Friday for the first integrated township in NAINA (Panvel) under PMAY (U), Vijay Wadhwa, Chairman, The Wadhwa Group said, “Today developers who are making affordable houses are not focusing on a plan. The developer now a day’s decrease the ticket size, carpet area size but doesn’t lower the rate.”

He further added that instead of slashing the prize, reducing the margin, they compromise on plans.

The home buyer should focus on planning, connectivity and track record of the developer, he said.

Towards the mission of ‘Housing for All’, the Government of Maharashtra is aggressively working to fulfil its target of 10 lakh affordable houses in Mumbai Metropolitan Region by 2022.

Devendra Fadnavis, Chief Minister of Maharashtra on Thursday, inaugurated the first Integrated Township Project in NAINA (Navi Mumbai Airport Influence Notified Area) at Panvel which will qualify for Pradhan Mantri Awas Yojana (Urban) Scheme, will open up 5500 affordable homes and will be developed, release said.

The project saw a huge response with 900 units sold during the pre-launch phase itself, out of 1500 units that are currently opened for bookings.

Most of the customers are first time home buyers and salaried – class who are applying for home loan and project will be completed in 4 years.

Devendra Fadnavis, Chief Minister Of Maharashtra said, “With this launch, an affordable housing stock is being made available at the Wise city. The project has considered all amenities required for the common citizens and the township will be wise and smarter. With this, more developers will come to this belt.”

CIDCO has planned to develop a business park on land parcel area near the townships, Wadhwa said.

According to research showed by The Wadhwa Group, the 900 customers who booked their flats in a pre-launch sale are salaried profession around 75-80% and 55% are under the age of 40.

Panvel is connected to both, the central and western lines, it is also known as the gateway to the Konkan region, easing commute to the other states of India. Located close to Mumbai-Pune Expressway and the Sion-Panvel Expressway, travelling to either Mumbai or Pune is quite convenient. Infrastructure Developments like the Navi Mumbai International Airport, Mumbai Trans – Harbour Link, Virar Alibaug Multi-Modal Corridor, etc are the factors driving the demand for the residential and commercial real estate in this new growth corridor.

According to recent studies, there is a huge need for affordable housing across metro cities where we see a large influx of people coming, in search of jobs and a better livelihood. Supporting the economic upliftment of the region, Wadhwa Wise City is expected to create 2.5 lakh jobs at various levels.

Source: Accommodation Times

The Wadhwa Group Eyes Rs 4,000 Crore Revenue From First Phase of Panvel Project

Real estate firm The Wadhwa group is eyeing Rs 4,000 crore revenue from the first phase of its 450-acre integrated township project in Panvel, Navi Mumbai, a top company official said.

The first phase of the project named ‘Wadhwa Wise City’, being developed on 138 acres under the Pradhan Mantri Awas Yojna (PMAY), will house 23 residential towers offering a total of 10,000 affordable homes, along with commercial and social infrastructure developments.

Navin Makhija, managing director, Wadhwa group, said the first phase is expected to be completed in the next seven to eight years.

“We currently have started work on the initial phase of this project where we will be creating 5,500 units, which will be completed in the next three to four years,” he said, adding, “We are expecting Rs 4,000 crore revenues once this entire project on the 138 acres is completed.”

The city-based company has tied up with Piramal Finance and PNB Housing for funding this project.

Makhija said Piramal Finance has invested close to Rs 125 crore and will further invest around Rs 250 crore.

“We also have received a sanction of Rs 650 crore from PNB Housing, out of which they have already invested Rs 350 crore,” he added.

The company claimed to have sold 900 units in the pre-launch phase so far.

Source: My Real Estate Point