2 BHK, 3 BHK Flats For Sale in Vile Parle West

In the glistening suburbs of Mumbai, Downtown Lifespaces bring you a spectacle to grace the city's iconic skyline - Pratap Elegance. Experience exceptional living with residences that are a perfect combination of luxury & comfort in the premium locality of Lallubhai Park. Pratap Elegance offer thoughtfully planned 2 BHK, 3 BHK flats in Vile Parle West with modern amenities.

 

 

Here’s What To Expect From The Brand New BKC

There are many good reasons as to why real estate developers in Mumbai design projects in BKC. One of them is the strong development initiative the MMRDA has taken to allocate Rs. 75 Crores to turn BKC into a smart city. Many proposed developments fall under the ‘smart city plan’. 

Some of them are as follows:

1. Construction of an elevated road extending Santacruz-Chembur Link Road (SCLR) up to Vakola Bridge at Santacruz (east) on Western Express Highway (WEH).

2. A 5-km Kurla-Vakola elevated road will be constructed to assuage excess traffic in the area.

3. Bandra-Kurla Complex will also have Wi-Fi internet connectivity as soon as one enters the area.

4. Hybrid/electric buses will be introduced for a pollution-free and eco-friendly transportation.

5. The work on the Bandra-Kurla Complex (BKC)-Chunabhatti elevated road connector will be completed in December 2018.
 

For long, BKC was primarily known as Mumbai’s sough-after commercial hub. Renowned conglomerates like TATA Communications, Reliance Industries and Edelweiss Financial Service, is what makes BKC such a prominent commercial hub. So many citizens from all over the country move close to the location as it provided better work opportunities.
 

However, now, there’s a new face of BKC that is being gradually introduced to the people. Today, Mumbaikars can select homes from a new slew of options. From 1 BHK flats in BKC by Omkar Vive to luxurious penthouses, BKC has them all. No wonder it is the rising residential hub of the location.
 

With such developments in the making, the smart move to turn BKC into a residential locale is slowly starting to bear fruits. Another bonus is, long commute shall no longer be a woe for many as this planned development can increase opportunities for people to live close by.
 

This fact also comes across as a big advantage for the real estate sector. It gives many relators a chance to build projects there. Meaning, a project in a location like BKC adds more value to their name. In fact, there’s been a rise in the number of upcoming residential projects in BKC.
 

It is under favourable circumstances like the above one should sync his/her investment opportunities with. Of course, it may be overwhelming at first, but with baby steps and expert guidance, the possibility of buying a home in BKC isn’t far away.

Documents To Check Before Buying A Property

If you have been looking to buy a property in Mumbai, then there are certain things that you should keep in mind with regards to the verification of property documents. Here we help you take a quick look at some important documents to check as you look up a property in Ghatkopar or any other area in Mumbai.

Documents to Check Before Buying a Property

Title deed

This document typically outlines the entire chain of ownership of a property. Title deeds provide full knowledge about how a present owner can opt to claim for the absolute ownership of a property. The title deed will allow for the possession of the title as well as other information relevant to your desired property in Mumbai. This document is important because if the land does not show the name of the last seller correctly then as per legal norms the property’s ownership will not be passed on to the buyer. This may lead to future litigations, disputes, and other hassles by the claimants of a property. 

Sanctioned building plan

Before the construction of any building starts, the builder has to gain an approval from local planning authorities. Referred to as a ‘sanction’, the approval is given if the builder submits all necessary documents and papers asked by the local planning authorities. Apart from stating facts about property ownership, these sanctions check for the legalized construction of buildings. In case there exists no sanctioned building plan for the property that you intend to purchase, then you face the risk of going for a property that’s illegal which may or may not be approved by local planning authorities.

Occupancy certificate

When a property is ready to be occupied, local planning authorities issue a certificate called the “Occupancy Certificate” (OC) or the “Completion Certificate”. The document implies that the builder has complied with building plans and laid-down norms and can be occupied. Without this document, you will find it tough to get loans from financial institutions or procure government issued documents like Khatha/Mutation etc.

The tax paid receipts, encumbrance certificate, khata/mutation document etc. are some of the other important documents that have to be checked for thoroughly before buying any new property.

How To Register Property in India

Property registration is an integral part of the home ownership process and is legally mandated under Section 17 of the Indian Registration Act, 1908. Getting your commercial or residential properties registered, will guarantee ownership rights in case of future legal disputes. Unfortunately, this part of the property purchasing process is arguably the most complex one and can perplex even the most experienced buyers.

We have broken down the entire process into 4 simple steps to guide you along the way:

1. To begin, duly signed property deed(s) and any other supporting documents need to be submitted to the Sub-Registrar of Assurances. Signatures of both the buyer and seller along with the signatures of two witnesses need to be present.
2. The signatories (buyer and seller) will need to present the property card (record and history of ownership and property) to the Sub-Registrar, along with the original documents and proof of payment of stamp duty.

Note: The sub-registrar will check if the correct stamp duty amount has been paid. The correct state duty rates are according to the respective state Ready Reckoner. These rates are updated on a yearly basis, so it is important to check the current rates before paying stamp duty.

3. The signatories will need to present proof of identity. The documents accepted by the Sub-Registrar include Voter ID, PAN Card, Aadhaar Card, and other forms of identity issued by the Government of India.
4. If either party is being represented by an agent or a real estate company, then the representing individual/company needs to present documentary proof. This includes a letter of authority or power of attorney as per the Stamp Act and the Registration Act.
   

Online Registration of Commercial and Residential Properties

With the introduction of online e-registration, property registration has become less cumbersome. A number of features are available online like payment of stamp duty, downloadable registration forms, and locating divisional sub-registrar of assurances. Nonetheless, the visit to the sub-registrar’s office for completing the formalities against registration fees and submission of registration documents still needs to be done in person.

Property Registration Timelines and Cost

Procedure	Time to Complete	Cost to Complete
Check for encumbrance at the office of the Sub-Registrar of Assurance	5 days	₹ 10,000
Preparation of the final sale deed by purchaser	7 days	1% of the property value
Payment of Stamp duty on the final sale deed through franking at the designated bank	1 day	5% of the property value
Execution of the final sale deed in the presence of two witnesses	1 day	1% of the market value of the property (registration fee) up to ₹ 30,000.
Apply with the local municipality for mutation of the title of property	30 days	₹ 300

Choosing Real Estate Builders & Developers in Mumbai

Mumbai is a lovely city in the state of Maharashtra with a lot to provide its inhabitants. Mumbai is a significant city for the actual real estate industry in India. Mumbai isn't only the financial capital of India, but in addition among the costliest property markets in the nation.

A couple of points to consider before investing in any residential projects in Mumbai are:

1. Property portals is a good option to get to an extensive number of property options. There are several affordable together with ultra-luxury upcoming residential projects in the city where you're able to get a great thing.
   
2. Next step would be finding a reliable real estate developer. There are a lot of real estate companies in Mumbai which are providing best quality properties.

According to industry experts, the actual estate sector was expecting some key announcements. Stability in contrast to popular belief, the actual estate market is quite stable. Not only is it stable, it also shows steady improvement over the years and if you are looking at long term investment then, the real estate industry is ideal for investing in. The real estate in Mumbai is booming with numerous residential in addition to commercial projects in distinct regions of the city and its outskirts too. Make certain that you choose the most suitable one for investment.

Therefore, several moderate-income folks can ensure of property investment in conditions of purchasing minimum 2 BHK apartments at a sensible price tag.

Luxury apartments have limited buyers but there's plenty of demand for affordable properties. If you're looking for luxury apartments in Mumbai that provide great connectivity to other pieces of the city, Andheri, Ghatkopar, Matunga is where to be. Whether you're looking for a 1 BHK or 2 BHK apartment or a luxurious 4/5 BHK apartment, it's extremely important to select a reputable real estate developer.

Today, various sky-scraping residential and commercial projects are offered for buyers to select from. It is crucial to stop by the property and inspect everything carefully.