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Why Should You Buy Insurance Along with Your Home Loan?

Blox Social Mar 21, 2023

Buying your own residential property is a dream come true. In the first decade of our work lives, we strive hard to save up, invest right, get the big hikes or bonuses and then one day, all this effort translates into a downpayment on that wonderful property we plan to call home. You've kept a meticulous credit score, and with your earnings, any bank or NBFC will be keen to approve your home loan, right?

Taking a home loan is a long-term debt. It comes with a host of advantages, such as tax deductions. In addition, it allows you to buy an asset that will appreciate considerably by the time you have paid off the loan. But with a home loan comes a nagging concern too. What if you are, for some reason, unable to pay it off? What if sickness, disability, or death becomes an impediment to the repayment? What happens to your financial plans or your family's security?

This is where insurance offers a lifeline to homebuyers. But which insurance should you opt for? What are the possible benefits or disadvantages of buying insurance with your home loan? Let's find out.

As a prospective home buyer, you should first know that buying insurance with your home loan is preferable but not mandatory. Many lenders offer home loan products at attractive rates but make it compulsory for loan seekers to take additional insurance and pay an exorbitant premium that negates any benefits they may gain from lower interest rates. In such cases, exploring other banks or financial institutions willing to lend funds without buying insurance may be a good idea. Having said this, it is definitely a good idea to buy insurance separately to cover any risks.

Why is it important to buy insurance with a home loan?

A home loan is a large financial undertaking. By taking the loan, you commit to repay the principal and interest in monthly instalments over the years. Home loan tenors may run for 10-15 years. The bank or NBFC that has agreed to lend you the funds uses the house or property you buy as collateral. 

So until you have paid off the loan and received a NOC or No Dues certificate, the property is mortgaged to the lender. So what happens in case of the unexpected death of the borrower? The family and dependents of the buyer may not be able to fulfil the financial obligations of the loan and may stand to lose the property in addition to the loss of income. Insurance indemnifies the borrower against this risk. Homebuyers typically have two different insurance products to choose from when taking a home loan –

  1. Home loan insurance
  2. Term insurance

Home loan insurance is specifically designed to cover your home loan debt. This means that you start to pay both the EMIs and the premium amount each year, but the sum assured covered by the loan decreases as your home loan amount is paid off and as the tenure progresses. This is because your home loan insurance only covers the home loan outstanding debt burden. This makes the premium amount much lower than term insurance.

Term insurance is a traditional product in which your life risk is covered over a long term, say 3-4 decades. As long as the premium is paid on time and the policy is kept active, the insurer is liable to pay the sum assured to the nominee in case of the insurance holder's death. This sum assured does not vary or reduce. Therefore, it is not linked to the debt burden of the insurance holder. Many insurance companies also offer policyholders the option of taking life-long coverage, but the premiums are higher in these cases.

Home loan insurance Vs Term insurance

Term insurance is a better product for securing the financial future of your family and dependents. However, in this case, the premium can be much higher than a home loan insurance. So, the choice between the two will depend on your cash flow and ability to pay the EMI and insurance premium on time.

Critical Illness or Disability Rider

While both term insurance and home loan insurance products cover the policyholder's death, it is important to consider critical illness or disability, particularly if you are at a high health risk. These may be important reasons for being unable to pay off your home loan debt. Most insurance companies cover this risk with additional riders you can opt for when buying insurance. Young home buyers prefer to take an insurance policy that allows them to add on these riders as they age, thus bringing down the initial premium amount.

Planning for your family's future and securing your investment in residential property or real estate may require some planning and research. It is a good idea to consult a financial advisor specialising in home loan and insurance planning.

 

Taloja: An Overview of Navi Mumbai’s Emerging Realty Hub

Taloja: An Overview of Navi Mumbai’s Emerging Realty Hub

Blox Social Mar 21, 2023

A census town located in the Raigad district of Navi Mumbai, Taloja has been making quite the waves in the real estate market off-late, courtesy of its affordable housing. The mid-segment locality is home to a mere 2,700+ residents, covering an area of 1.11 sq. km. Governed under the Panvel municipal corporation, the upcoming suburb has shown immense potential, especially in the real estate sector, over the past few years, with developers lining up with several projects. While 1 BHK flats continue to dominate the market, there has been a spike in demand for 2 BHK flats in Taloja. 

The Navi Mumbai suburb promises a bright future, offering robust infrastructure, efficient connectivity, and social amenities. Since last year, Taloja witnessed an appreciation of 12.8%, with the current price per sq foot being an estimated ₹6,300. Thus one can expect a sizeable ROI in the future, making the town of Raigad district an attractive destination for investment. This blog will cover the aspects that make Taloja an emerging realty hub. 

1. Good connectivity 
The Navade station connects Taloja to essential parts of Navi Mumbai, offering a great network of roads and railways. Other ways of commuting include NH-48, seamlessly connecting them to NH 548 and NH 348. The MIDC Road provides easy access to central and western parts of the city. Its proximity to NH 4 is advantageous, given the latter has been undergoing considerable industrial and residential development. The upcoming international airport in Navi Mumbai is less than 30 minutes from the suburb. Located close to commercial centres, such as Apcotex Industrial Ltd and Hindustan Kohinoor Complex, is another bonus for the area. 

Another upcoming development in Taloja’s various modes of transportation is the Taloja-Belapur Metro Project, which has caught the eye of several investors. Undertaking the responsibility of this mega project is CIDCO, looking to improve traffic flow and ease commuting for the common man. 

2. Top-class social infrastructure 
Undergoing rapid development, Taloja offers its residents the best social amenities, educational facilities, medical centres or recreational spaces. 
Schools and Colleges

  • Radcliffe Schools
  • Sunrise Global School                
  • Bajaj International School
  • The Elite Public School    
  • RZP School
  • DAV International School Kharghar

Medical centres

  • MGM Hospital
  • Aasha Hospital    
  • Tathastu Women's Hospital    
  • Shri Samarth Children's Hospital    
  • Shree Narayani Eye Hospital & Surgery Centre    
  • Ayesha Hospital    
  • Jeevandeep Hospital    
  • Holkar Multispeciality Hospital & Dental Care

Places for recreation

  • K Mall
  • Hotel Executive Inn
  • Hotel Tanish Residency
  • Carnival Cinemas
  • Inox

Religious Sites

  • Hanuman Mandir
  • Ganesh Temple
  • Hanuman & Sani Temple

3. Affordable Housing Options

Compared to Kharghar and Panvel, Taloja offers many affordable houses catering to its residents' budgets and lifestyles. The appreciation rate in the Navi Mumbai neighbourhood continues to be on a steady rise, having observed a price increase of 16.5% over the last five years. For example, a 1 BHK flat at a prime property like Arihant Amisha could cost you in the range of ₹23 - ₹23.6 lakhs, offering amenities like a swimming pool, volleyball court, spa, yoga area, indoor games, and rainwater harvesting. 

For those wanting a better understanding of the residential real estate market, we at Blox are your one-stop solution, offering you the best services, such as the following.

  • Exclusive Properties
  • Site Visits
  • 0% brokerage
  • Constant Connect
  • Online Booking

As India’s first consumer-centric real estate buying platform, we aim to aid your buying process in 7 clicks. 

4. Rental benefits 

Taloja’s proximity to commercial and industrial hubs, such as Kharghar, CBD, Belapur, and Panvel, makes it an ideal housing residence for working professionals. The high demand helps yield a sizeable return for the investors. The current average rent in the Navi Mumbai suburb stands at an estimated ₹9,068. Those wanting to invest in properties and lend them out on lease can expect a 6% yield in their returns. 

5. Upcoming developments

As Taloja continues capturing the imagination of several real estate developers and capitalists, let’s look at some upcoming infrastructure developments. 

  • Currently under construction, Navi Mumbai Metro Line 1 has a station at Taloja.
  • The approved bridge across the Taloja River to improve connectivity between Kharghar and Pendhar.
  • The upcoming D B Patil International Airport in Ulwe is approximately 16 km via Mumbra-Panvel Highway.

Conclusion
Though still in the developing stage, there are several factors that make Taloja an attractive investment destination. The Navi Mumbai suburb is a perfect solution for those looking for a comfortable yet affordable housing option away from the hustle and bustle of the major metros. As the appreciation rates continue to slope upwards, investors can expect to make a sizeable return on their investments. The growth in social infrastructure also hopes to increase the inflow of people, especially families, with the neighbourhood offering top-class education facilities and medical infrastructure. Hopefully, the above blog has helped you gain a deep insight into the growing potential of Taloja. 


 

Exploring Real Estate Opportunities in Bandra East

Exploring Real Estate Opportunities in Bandra East

Blox Social Mar 21, 2023

One of the busiest neighbourhoods in the financial capital, Bandra East is known for its high standard of living, with some of the most affluent personalities residing in the posh locality. It is also the traditional or older part of Bandra, with its demography mainly comprising working-class families, retirees, and students. The coastal suburb of Mumbai also consists of vibrant street markets, followed by luxury hotels, malls, restaurants, and other recreational centres. 

Bandra East is well-connected with other parts of Mumbai and MMR cities like Thane and Navi Mumbai, with a rapid road and rail system. Regarded as one of the luxury localities, the current price per sq. foot stands at an exorbitant ₹39,264, approximately, with last year’s appreciation rate being 21.92%. The average rental prices of the locality have skyrocketed over the years and are currently estimated to be ₹1 lakh. For example, a 1BHK flat in Bandra East’s plush Antariksh Passcode will cost you a minimum ₹1.19 crores. Other features include the eastern region of Bandra, having a population of 1.5 lakhs and an area of 5.72 sq. km. 

Nevertheless, Bandra East remains a top destination for exploring real estate opportunities, with some of the reasons being the following.

1. Benefits of location
Bandra East is a cosmopolitan locality that offers efficient connectivity and some of the best facilities in the Maximum City. Strategically bordered by areas like Kurla, Khar, Dadar, Matunga, and Santa Cruz, it helps ease commuting in the otherwise congested city. Proximity to one of the country’s biggest commercial hubs, Bandra Kurla Complex (BKC) and Kamala Mills, serves as yet another advantage for the coastal suburb.

2. Great Connectivity
In proximity to the Bandra Railway Station, on the western and harbour line. Located at a distance of 5km from the Chhatrapati Shivaji Maharaj International Airport. It connects to the Kurla Termius, Western Express, and Eastern Express Highway. Not to forget the Bandra-Worli Sea Link, one of the city’s most prestigious projects, a landmark of Mumbai’s coastal landscape. 

3. Top-class social infrastructure
For those concerned about their child’s education or the health of older adults at home, Bandra East offers some of the city’s best schools, colleges, and medical centres, along with religious sites, office parks, and recreational spaces. 

Schools/Colleges

  • Mount Litera School International
  • Dhirubhai Ambani International School 
  • American School of Bombay
  • Indian Education Society’s Junior College
  • Chetna College
  • Kaiser College of Commerce

Medical Centres

  • Guru Nanak Hospital    
  • Smile Invent Dental Clinic    
  • Shivam Nursing Home    
  • Mahim Police Hospital    
  • Sai Sanjeevani Hospital
  • Tejas Eye Clinic    
  • Nandini Eye Care Centre    
  • Shakuntal- Chitra Nursing Home    
  • Laxmi Surgical Clinic    

Corporate Parks

  • Mirchandani Business Park    
  • Pinnacle Business Park    
  • Raiaskaran Tech Park    
  • Leela Business Park    
  • Powai Supreme Business Park    
  • Hiranandani Business Park
  • Neelkanth Business Park    
  • Neelkanth Corporate IT Park    

Religious Sites

  • Ram Mandir
  • Shiv Mandir
  • Sai Baba Temple
  • Church of St. Joseph The Worker
  • Makhdoom Ali Shah Mahimi Dargah

Recreational Centres

  • Jio World Garden
  • Globus Mall
  • Galaxy Cinema
  • Gaiety Cinema

4. Upcoming infrastructure projects

The upcoming Coastal Road will help ease the traffic in the suburbs to a considerable extent. Currently under construction, the metro corridor, Bandra-Kurla-Mankhurd will increase connectivity and boost real estate development. Along this corridor is the Mumbai Metro Line 2, connecting Colaba to SEEPZ, helping Mumbai's overall connectivity. 

5. Strong investment potential 
There is no doubt that Bandra has been one of the most prominent players in Mumbai’s real estate market, given its location, connectivity, and top-class amenities. Over the past 5-years, Bandra East has witnessed a soaring appreciation rate, evident from its statistic of a 43% increase in property prices. 

There are plenty of real estate opportunities in Bandra East, with some top developers having the following exciting projects in the lineup.

  • Antariksh Passcode Belong to Bandra: Opposite colgate maidan, the upcoming realty project offers 1BHK and 2BHK flats, starting at ₹1.19 crores, with a RERA registered area between 409-656 sq. ft. Some of the property’s amenities include a luxurious clubhouse, spa, gymnasium, large green spaces, and swimming pool, to name a few.
  • Kalpataru Magnus: Based in Gandhi Nagar, the premium residential project offers 4BHK and 5BHK flats with a starting price of ₹5.03 crores and a RERA registered carpet area between 1121-1945 sq. ft, having amenities like a clubhouse, swimming pool, kids playing area, spa, and a party lawn. 
  • Rustomjee Erika: To be ready to move by December 2025, the luxury real estate brand has 2 BHK flats as its offering, with a starting price of ₹2.91 crores and RERA registered carpet area between 615-620 sq. ft. Some of its amenities being a luxurious clubhouse, 24x7 CCTV surveillance, library/business centre, and multipurpose hall. 

Conclusion

Bandra East undoubtedly has a lot to offer in the coming years. However, the affluent neighbourhood requires extensive capital investment to yield surplus results. 


 

A Quick Guide to Know Everything About Dadar East's Real Estate

A Quick Guide to Know Everything About Dadar East's Real Estate

Blox Social Mar 21, 2023

Dadar East is one of Mumbai's most desirable residential areas. It is a bustling neighbourhood in the city's heart with excellent connectivity to all parts of Mumbai. Dadar East's real estate demand has skyrocketed in recent years, making it a desirable location for homebuyers and investors.

Location Overview
Dadar East is a well-known neighbourhood in Mumbai. It is surrounded by wealthy localities such as Matunga, Wadala, Parel, and Lower Parel. The area is well-connected to other areas of Mumbai because it is close to the Eastern Express Highway, Western Express Highway, and Bandra-Worli Sea Link. A metro station and a suburban railway station are part of the city's excellent public transportation system.

Real Estate Scenario
Dadar East is primarily a residential neighbourhood comprising old and new structures. Dadar East's real estate market is thriving, with a high demand for three-bedroom apartments. In recent years, the area has seen the construction of several new residential projects to meet the growing demand for housing. Speaking of the real estate scenario, 3 BHK flats in Dadar East costs between Rs. 4 and Rs. 8 crores on average.

Dadar East is home to several co-living spaces and residential and commercial properties. These spaces cater to young professionals and students, offering affordable and convenient housing. High-speed internet, fully furnished rooms, and shared common areas are among the amenities provided by the co-living spaces.

Facilities and Amenities
Dadar East is home to several educational institutions, including some of the best schools and colleges in the city. It also has many healthcare facilities, from small clinics to large hospitals. There are several shopping centres in the area, including the well-known Shivaji Park Market and Dadar Flower Market. The neighbourhood also has a number of parks and open spaces, making it an excellent choice for families.

Future Prospects
Dadar East is expected to grow rapidly in the coming years, making it an appealing location for real estate investment. Several infrastructure projects that are currently underway are expected to benefit the neighbourhood. These projects are expected to improve connectivity and increase demand for local real estate.

The Coastal Road Project is one of the most important infrastructure projects in Dadar East. The project aims to connect South Mumbai with the Western Suburbs and is expected to significantly reduce travel time. The Mumbai Trans Harbour Link and the Mumbai-Ahmedabad Bullet Train Project are also expected to improve connectivity in the region.
Apart from infrastructure projects, Dadar East is also expected to see several new residential and commercial projects in the coming years. The projects are likely to cater to the growing demand for housing and office space in the area.

Real Estate Prices
Dadar East is one of Mumbai's most expensive areas, with rising real estate prices. The average price of a three-bedroom flat in Dadar East ranges between Rs. 4 and Rs. 10 crores, depending on location and amenities. A 2 BHK flat in Dadar East costs between Rs. 2 and 5 crores, while a 4 BHK flat can cost Rs. 15 crores.
Dadar East commercial properties are also expensive, with prices ranging from Rs. 5 to 20 crores. However, the returns on investment can be substantial, making it an attractive investment location.

Infrastructure Development
Dadar East is a rapidly developing neighbourhood in terms of infrastructure. The Mumbai Coastal Road and the Mumbai Trans Harbour Link are just two of the projects that are anticipated to have a positive impact on the region. Cuffe Parade in South Mumbai will be connected to SEEPZ in Andheri by the Mumbai Metro Line 3, which is currently being built. The project is anticipated to significantly cut down on travel time and enhance connectivity in the neighbourhood.

Property Management Services
Several property management services are available in Dadar East, assisting buyers and investors with property management. Property maintenance, rent collection, tenant management, and legal documentation are among the services provided. Property management services can be advantageous for investors who live outside of the city or have a large number of properties to manage.

Conclusion
Dadar East is a thriving residential neighbourhood with excellent connectivity, facilities, and amenities. The area's real estate market is booming, with a high demand for 3 BHK flats in Dadar east. If you're looking forward to investing in real estate in Mumbai, Dadar East is an excellent location to consider. With several ongoing infrastructure projects and the area's steady growth, the prospects of Dadar East's real estate market look promising.


 

A Detailed Guide to Understanding TDS on Property Purchase

A Detailed Guide to Understanding TDS on Property Purchase

Blox Social Mar 21, 2023

Buying a property is not only the realisation of your dreams, but it is also a significant financial decision. And, like with all investments, it is a good idea to research the allied expenses and tax implications before purchasing your dream home. Apart from registration charges, stamp duty, and property taxes, you must also know about TDS (tax deducted at source).

Here is a detailed guide about all you need to know about the TDS implications of buying real estate.

What is TDS?
Per the Tax Act of 1961, tax can be collected at source on incomes such as salaries, dividends, income through sales of assets etc. This is referred to as TDS or Tax Deduction at Source. In these cases, the payers must collect this tax amount (or deduct them from the payment made) and deposit them with the government of India.

TDS on Property Purchase
TDS is levied on the property seller and not the buyer. So why do you need to understand the TDS implications as a home buyer?
This is because you are responsible for deducting and depositing the TDS from the sale amount payable to the seller and depositing it. Therefore, you can register the property in your name only on production of the proof of TDS deposit. Only when you register the property is the sale complete and legal.

How much TDS is levied on a property purchase?
According to new guidelines that came into effect on 1 June 2013, TDS is applicable on all real estate purchases except agricultural land. So the sale of all plots, flats, apartments, individual buildings, and commercial and industrial properties attracts TDS (depending on the property's value).

When the value of the property purchased by you exceeds INR 50 lakhs, the TDS on such a sale is pegged at 1% of the property value. If you buy a property worth about INR 1 crore, you need to deduct 1% of 1 crore or INR 1 lakh as the TDS amount. If the seller is a non-resident Indian or NRI, the TDS levied on the property is 20% of the property's value, irrespective of the value of the transaction. In addition, a surcharge and a CESS are also applicable. This entire amount (TDS + Surcharge + CESS) must be deducted by the property buyer and deposited as Income Tax.

How should the buyer collect TDS and deposit it?

According to the guidelines of the IT Act, the buyer of the property should deduct the tax amount from the payment to be made to the property seller. It is not mandatory for the buyer to have a TAN to make such a deduction. The TDS amount should be deposited to the IT department within the month after the sale. The buyer can deposit this amount online, and it can also be done through the bank.

Paying the TDS online -
The buyer needs to log on to the TIN NSDL website and choose the online form for furnishing TDS on the property. This will require the PAN card and details of the buyer and seller, and the TDS amount. This Form 26QB can be submitted online, and the payment can be made through net banking. Now the seller is required to request Form 16B on the TRACES website. This should be provided to the buyer as proof of TDS deposit.

Delay on TDS Deposit
When the buyer is late to deposit the TDS on the property purchase, the buyer must pay an interest of 1.5% for every month of delay. In addition, there could also be a fine levied for such late deposits of TDS.

TDS on Property Purchase - FAQs

1. Is TDS applicable on the sale of all real estate properties?
TDS does not apply to the purchase of agricultural land. However, TDS applies to all other property purchases if the property's value is over INR 50 lakhs.

2. Who is responsible for the tax deduction at source in case of property purchase?
The property buyer is responsible for deducting TDS and depositing it within 30 days of the month of sale. If there is a delay in depositing the amount, the buyer is penalised.

3. Are there any exceptions to the TDS on a property purchase?
Property purchase under INR 50 lakh is exempt from TDS. It is important to remember that TDS is not charged on the GST component of the sale value. In India, when you purchase a property which is under construction, a GST of 1% is levied on affordable housing and 5% GST on all other residential properties. Therefore, the TDS deducted by the buyer should be levied on the property value, excluding the GST component.

4. Should TDS still be levied if the seller incurs a loss on the property sale?
The TDS amount is to be deducted immaterial from the capital gains or losses incurred by the seller. When a property is previously owned, the seller may plan to take advantage of the provisions for exemption on capital gains tax on the sale of the property. This should not be factored in by the buyer when deducting TDS.

Understanding the financial and tax implications of buying and maintaining a residential property will help you optimise the asset value and plan for the future.

7 Tips for Improving the Vastu of Your Existing Home

7 Tips for Improving the Vastu of Your Existing Home

Blox Social Mar 21, 2023

Vastu Shastra is an age-old architectural science founded in India and aims to create a happy, positive and pleasant house. According to Vastu principles, the energy or "prana" that flows through our living spaces can significantly impact our health, wealth, and overall well-being. By adhering to the principles of Vastu Shastra, we can create a home that promotes positive energy flow, leading to a happier and healthier life.

If you're looking to improve the Vastu of your existing home, here are seven tips that you can follow:

1. Declutter Your Home
Decluttering your home is the first step towards improving the Vastu of your home. The accumulation of clutter creates stagnant energy, which can significantly impact your mental and emotional well-being. Start by getting rid of things you no longer need or use. Donate or sell items in good condition, and dispose of the rest responsibly. Once you've decluttered your home, make it a habit to regularly assess your belongings and get rid of any decorative pieces, objects and furniture that no longer serve you.

2. Keep Your Home Clean and Tidy
We have grown up being taught to keep our homes clean and tidy. this is not without reason. Not only does a home look neater, but it is also essential to maintain a positive energy flow. Dust and dirt can accumulate over time, creating stagnant energy. Make it a habit to clean your home regularly. Vacuum floors, dust surfaces, and keep your living space free of clutter. You can always rely on natural cleaning products, such as vinegar and baking soda, to keep your home clean without using harsh chemicals.

3. Bring in Natural Light and Fresh Air
Natural light and fresh air are vital elements of Vastu Shastra. Natural light helps to purify the air and promote positive energy flow, while fresh air helps to create a healthy living environment. Open your windows and let in natural light and fresh air as often as possible. If your home doesn't get a lot of natural light, consider adding more windows or using mirrors to reflect light around the room.

4. Use Colours Strategically
Colours have a significant impact on the Vastu of your home. The colours you choose for your home can influence your mood and energy levels. Use shades strategically to create a harmonious and balanced living space. For example, light blue and green provide a calming effect that can promote relaxation and peace, while red and orange are energising colours that help with activity and creativity. You can also use colour psychology to choose colours that align with your personality and needs.

5. Incorporate Natural Elements
Incorporating natural elements into your home can help improve its Vastu. Natural elements, such as plants, flowers, or a small water fountain, can help promote positive energy and create a more relaxing and peaceful atmosphere. Plants, in particular, can help purify the air and promote positive energy flow. You can always select easy-maintenance plants that do not require too much TLC. Succulents or snake plants are great examples of easy plants - all you need to do is place them in areas where they can receive natural light.

6. Pay Attention to Furniture Placement
The placement of your furniture can significantly impact the Vastu of your home. Arrange your furniture in a way that promotes a free flow of energy. Avoid placing furniture in front of windows or doors, as this can block energy flow. Position your bed, desk, and sofa in a way that allows you to see the entrance of your room and face in the direction of positive energy flow. You can also use feng shui principles to guide furniture placement.

7. Use Vastu Remedies
There are several Vastu remedies you can use to improve the Vastu of your home. These can include placing crystals or other objects in strategic locations around your home, using aromatherapy to promote relaxation, or performing Vastu rituals to clear negative energy. For example, you can burn incense or sage to purify the air and promote positive energy flow. You can also place crystals, such as clear quartz or amethyst, in areas where you want to promote positive energy flow.

Final Thoughts
Implementing Vastu principles in your home can create a harmonious and positive living environment. By following the seven tips mentioned above, you can improve the Vastu of your existing home and enjoy the benefits of a balanced and peaceful home. It is important to remember that Vastu is not a one-time fix but a continuous practice requiring attention and effort. You can create a space that supports your physical, emotional, and spiritual well-being with patience and dedication. Whether you are looking to increase productivity, improve relationships, or enhance your overall quality of life, Vastu can be a powerful tool for transformation.
 

7 Tips for Improving the Vastu of Your Existing Home

7 Tips for Improving the Vastu of Your Existing Home

Blox Social Mar 21, 2023

Vastu Shastra is an age-old architectural science founded in India and aims to create a happy, positive and pleasant house. According to Vastu principles, the energy or "prana" that flows through our living spaces can significantly impact our health, wealth, and overall well-being. By adhering to the principles of Vastu Shastra, we can create a home that promotes positive energy flow, leading to a happier and healthier life.

If you're looking to improve the Vastu of your existing home, here are seven tips that you can follow:

1. Declutter Your Home
Decluttering your home is the first step towards improving the Vastu of your home. The accumulation of clutter creates stagnant energy, which can significantly impact your mental and emotional well-being. Start by getting rid of things you no longer need or use. Donate or sell items in good condition, and dispose of the rest responsibly. Once you've decluttered your home, make it a habit to regularly assess your belongings and get rid of any decorative pieces, objects and furniture that no longer serve you.

2. Keep Your Home Clean and Tidy
We have grown up being taught to keep our homes clean and tidy. this is not without reason. Not only does a home look neater, but it is also essential to maintain a positive energy flow. Dust and dirt can accumulate over time, creating stagnant energy. Make it a habit to clean your home regularly. Vacuum floors, dust surfaces, and keep your living space free of clutter. You can always rely on natural cleaning products, such as vinegar and baking soda, to keep your home clean without using harsh chemicals.

3. Bring in Natural Light and Fresh Air
Natural light and fresh air are vital elements of Vastu Shastra. Natural light helps to purify the air and promote positive energy flow, while fresh air helps to create a healthy living environment. Open your windows and let in natural light and fresh air as often as possible. If your home doesn't get a lot of natural light, consider adding more windows or using mirrors to reflect light around the room.

4. Use Colours Strategically
Colours have a significant impact on the Vastu of your home. The colours you choose for your home can influence your mood and energy levels. Use shades strategically to create a harmonious and balanced living space. For example, light blue and green provide a calming effect that can promote relaxation and peace, while red and orange are energising colours that help with activity and creativity. You can also use colour psychology to choose colours that align with your personality and needs.

5. Incorporate Natural Elements
Incorporating natural elements into your home can help improve its Vastu. Natural elements, such as plants, flowers, or a small water fountain, can help promote positive energy and create a more relaxing and peaceful atmosphere. Plants, in particular, can help purify the air and promote positive energy flow. You can always select easy-maintenance plants that do not require too much TLC. Succulents or snake plants are great examples of easy plants - all you need to do is place them in areas where they can receive natural light.

6. Pay Attention to Furniture Placement
The placement of your furniture can significantly impact the Vastu of your home. Arrange your furniture in a way that promotes a free flow of energy. Avoid placing furniture in front of windows or doors, as this can block energy flow. Position your bed, desk, and sofa in a way that allows you to see the entrance of your room and face in the direction of positive energy flow. You can also use feng shui principles to guide furniture placement.

7. Use Vastu Remedies
There are several Vastu remedies you can use to improve the Vastu of your home. These can include placing crystals or other objects in strategic locations around your home, using aromatherapy to promote relaxation, or performing Vastu rituals to clear negative energy. For example, you can burn incense or sage to purify the air and promote positive energy flow. You can also place crystals, such as clear quartz or amethyst, in areas where you want to promote positive energy flow.

Final Thoughts
Implementing Vastu principles in your home can create a harmonious and positive living environment. By following the seven tips mentioned above, you can improve the Vastu of your existing home and enjoy the benefits of a balanced and peaceful home. It is important to remember that Vastu is not a one-time fix but a continuous practice requiring attention and effort. You can create a space that supports your physical, emotional, and spiritual well-being with patience and dedication. Whether you are looking to increase productivity, improve relationships, or enhance your overall quality of life, Vastu can be a powerful tool for transformation.
 

Buying a Flat in Pokhran Road: 5 Things to Keep In Mind

Buying a Flat in Pokhran Road: 5 Things to Keep In Mind

Blox Social Mar 20, 2023

Known as Mumbai's elder sister, Thane has captured the imagination of millions of Indians over the years with its rapid development, even earning itself the tag of a Smart City. Covering an area of 147 sq. km, the metropolitan has become an excellent alternative for those wanting away from the hustle and bustle of the financial capital and looking for a more peaceful life. The booming real estate market is one of the key drivers behind the emergence of 25 lakh+ populated Taluka on the national scene. 

At a constant rate of development, Thane boasts of efficient connectivity and abundant social infrastructure. Chipping in their contributions to MMR City's growth are localities like Ghodbunder Road, Majiwada, Kalyan, Ambernath, and Badlapur, to name a few. However, this blog will shed light on the relatively unknown yet promising potential of Pokhran Road. 

Centrally located between Thane and Mulund, Pokhran Road is also known as the Malabar Hills of the Thane district. In the last few years, the upmarket locality has witnessed exponential growth in its residential real estate sector, with top developers like Lodha, Shapoorji Pallonji, TATA Housing, and Raymond Realty building projects in the area. 

Pokhran 2 of Thane witnessed a 23.9% appreciation in its prices, with the current price per sq. foot being an estimated ₹15,900. Other exciting features of Pokhran Road include its proximity to industrial areas like Wagle Estate, the Upvan Lake, a prominent tourist spot, and its connectivity to commercial areas like Airoli, Naupada, and Bhiwandi. 

Nevertheless, before buying a flat in Pokhran Road Thane, you must keep a checklist of some of the following points. 

  • Connectivity and modes of transportation

Pokhran road offers an optimum network of roads and railways, with the eastern express highway helping connect to neighbouring localities like Ghodbunder Road. Regarding bus services, the Vandana ST bus depot and CIDCO bus depot in Thane apply a fleet of their buses. 
Proximity to the Thane railway station helps commute to other parts of MMR. Nevertheless, the availability of metro services still awaits the area. 

  • Amenities 

Providing all the basic amenities, Pokhran Road is undergoing a massive change in its infrastructure, especially Road No.2, which has many more green spaces and better infrastructure, helping attract more buyers. Regarding educational facilities, the locality has the following Schools/Colleges: Vasant Vihar High School, Anmol Vidya Mandir, Little Flower High School, and Municipal School.
Healthcare facilities: Trupti Hospital, Dr. Joglekars Nursing Home, Bethany Hospital, Kelkar Hospital, and Prachi Hospital
Shopping centres: Retail complexes like Amrapali Shopping Centre, Kadamba 4Vasant Vihar, Shiv Shilpa Shopping Centre, and Emerald Plaza.

  • Return on Investment

Given the recent appreciation rate estimates, investing in Pokhran 2 will fetch you sizable returns. According to studies, most buyers prefer to buy properties worth less than ₹50 lakhs, with 2 BHKs being the most demanded. The average rent in the area is ₹30,464 per month, having experienced a minimal 3.37% hike this year. 

  • Proximity to employment hubs

Pokhran Road is a prime residential area near some of the prominent commercial and industrial regions of MMR, such as Mulund West, Bhwandi, and Waghbil. The Thane upmarket locality is a maximum of 11km away from growing commercial areas like Airoli and Naupada. 

  • List of the necessary documentation

For those looking to buy a flat in Pokhran Road, please revise some of your following documents.

  1. Sale Agreement / Sale deed
  2. Title Deed
  3. Address Proof of all Purchasers
  4. ID Proof of all Purchasers
  5. No Objection Certificate (NOC)
  6. Possession Letter
  7. Property Tax Receipt
  8. Khata Certificate
  9. Building plan approval certificate

Final Thoughts
Hopefully, the above blog has helped you gain a thorough insight into what living in Pokhran Road is like. With the upscale neighbourhood showing promising growth, now is the perfect time to park your money in Thane. 


 

Understanding the Growing Influence of Residential Complexes in Dombivli East

Understanding the Growing Influence of Residential Complexes in Dombivli East

Blox Social Mar 20, 2023

Mumbai's history is a long and beautiful one. From the original seven islands that were part of the Portuguese colony in India to the vibrant, glamorous international city - Mumbai has indeed come a long way. The ever-burgeoning population and expanding city limits, too, tell a story of exceptional growth and development. Places like Dombivli, Ulhasnagar, Thane, Bhiwandi, and Navi Mumbai were considered neighbouring cities of Mumbai, but now these are extensions, glorious suburbs charting their own rise. Let us look at one of these suburbs that has become an in-demand residential market.

The Rise of Dombivli 
Dombivli is unique in its identity and character. Located some 20 kilometres from Thane and about 6 kilometres from Kalyan, it still retains its distinct identity. In fact, Dombivli, once known for its illustrious residents – some renowned authors, artists, and social leaders, came into the limelight recently for being the first city in the state to achieve 100% literacy. However, the city's reputation as a small, quaint industrial settlement has started to change with the rise of commercial hubs and improved connectivity to Mumbai and other neighbouring suburbs. As a result, Dombivli now has the undivided attention of some of the top developers in Mumbai. Let us see how upscale high-rises and residential societies are changing the landscape of this vibrant suburb.

East of the east
Apart from its proximity to Thane and Kalyan, Dombivli East has excellent connectivity to almost all parts of Mumbai and Navi Mumbai. The highly industrialised hubs of Kalyan, Badlapur, and Ambernath are all close at hand and hold immense employment opportunities. In addition, the upcoming IT hubs at Navi Mumbai, Thane, and Mulund are well-connected with this neighbourhood.

The main Kalyan-Shilphata Road runs through the eastern fringe connecting the entire length of Dombivli East. In addition, Diva Manpada Road and Kalyan Road connect the various residential neighbourhoods, and the Dombivli Station connects the neighbourhood with the Central Line of the Mumbai Suburban Railway network. 

With a sharp increase in the population, there are a number of planned infrastructural development works in the pipeline, including the 31-kilometre Ring Road connecting Dombivli to Kalyan. Furthermore, MMRDA has announced that work on the Motagaon-Mankoli road connects, a bridge that connects Mumbai with Dombivli 6 lane, is nearing completion. This will bring down commute time to Mumbai by about 30 minutes.

Tapping into the luxury segment
With top names like the Lodha Group, Jayram Enterprises, Bhoomi Group, Ocean Developers, Nescout Buildcon, Runwal Developers, and Marathon launching at least a dozen high-profile projects, Dombivli East is the next destination on the radar of the premium home buyer. The most significant advantage that this neighbourhood offers is the availability of space which is necessary for the construction of beautifully designed and aesthetically pleasing premium homes. Projects like Marathon Nexworld, Lodha Palava Trinity, Lodha Codename Premier, Venus Skky City, and Nestscout Ascent Galaxy offer top-notch amenities, including landscaped gardens, waterfronts, fitness centres, swimming pools and community centres. The expansive green views of Dombivli are just what home buyers are looking for in these homes.

How are these residential projects influencing Dombivli?
Dombivli was once considered the stepping stone to Kalyan, Navi Mumbai, or Matheran. The transformation of Dombivli from a small industrial colony to one of the most sought-after suburbs of Mumbai is indeed spectacular. The influx of home buyers and property construction in the neighbourhood has also prompted a number of major business enterprises and corporations to move to Dombivli. This suburb is now home to the Maharashtra Industrial Development Corporation complex, Vicco Labs, Dipak Fertilizer Industries and many more. In addition, the growth of supermarkets, malls, fashion outlets, dining and entertainment centres, schools, and medical facilities proves that the neighbourhood's social infrastructure is also undergoing a complete transformation.

The one salient change that can be observed in Dombivli East is the development of malls, roads, and social amenities by the real estate development companies themselves, decreasing dependence on local administration. For example, the Lodha Group and Runwal Group have built malls, wide roads, community centres, and all necessary facilities to set up mini colonies and settlements. As a result, these micro markets are among the top choices for home buyers.

Real estate trends in Dombivli East
Property values in Dombivli have nearly tripled over the past decade. Apartments and flats for sale in Dombivli East were priced at about INR 3200 per square foot in 2010 to INR 8000 per square foot in 2023. Not only has the increase in circle rates benefited existing residents, but those who have invested in properties in this neighbourhood have also witnessed an incredible appreciation in asset values. 

Conclusion 
The experience of owning a beautiful, expansive, luxurious home in the green, clean neighbourhood of Dombivli East is all about choosing a lifestyle of comfort and opulence.

Profiling Top Realtors in Kandivali East

Profiling Top Realtors in Kandivali East

Blox Social Mar 20, 2023

Mumbai has a lot of posh localities for wealthy people to buy their dream homes and live peaceful and serene lives. Out of them, Kandivali East is one of the city's most preferable and luxurious localities. 

Being one of the oldest settlements of Mumbai, it has gone through several planning and development phases to attain a posh reputation today. The place has a cosmopolitan population and is perfectly connected with various parts of the city. 

People from around Mumbai and other states of India prefer living close to all possible infrastructure facilities and amenities. Hence, most of them conclude their decisions on Kandivali East. But whom to contact upon taking forward the property buying discussion?

You need to find the best realtors to help you deal with the entire process of buying ready-to-move flats in Kandivali. And this blog will give you the list of top realtors in the locality whom you can contact for your home-buying needs. 

1. M/S Eg Propdeals
It is one of the popular realtors of Kandivali East and has its office in Lokhandwala Township. They are certified and licensed agents with a long list of luxury and premium ready-to-move flats in Kandivali. 
They specialise in offering both residential and commercial accommodations. Apart from making properties available for people in Kandivali East, they also offer services around Andheri, Worli, Byculla, Lower Parel, Dadar East and other such localities. 

2. Jit Realty
Jit Realty, a popular and renowned realtor of Kandivali East, Mumbai, started its quest to connect property buyers and customers in 2014. Today, it is a very promising name among home buyers in the city. They have a good client base, which allows them to bring in more tailored properties in Kandivali East to cater to the needs of potential home buyers. 
Apart from Kandivali East, they are also extending their services to Lower Parel, Rani Sati Nagar, Marian Colony, Andheri East, Kandivali West, etc. It is a sole proprietorship company with ten employees, working relentlessly to help home buyers connect with the best property developers. 

3. Saarthi Property Consultants
Saarthi Property Consultants is a highly dependable name in the real estate fraternity of Mumbai. They are widely popular for offering impeccable services to the people of Kandivali East and other parts of Mumbai. They are not just the usual realtors but also offer property loan consultancy, legal consultancy and other services for complete home-buying assistance. 
The company started with the ideology of offering affordable real estate solutions to all. And the entire team is working towards achieving that. Apart from Kandivali East, Saarthi Property Consultants operate in Borivali West, Malad West, and others. 

4. Unorex Realty
Unorex Realty is yet another famous name in the arena of realtors in Mumbai. This realtor is widely known for helping home buyers get good deals in posh localities. They extend their assistance in buying, selling or renting homes. Over several years, Unorex Realty has offered a seamless service experience for helping people get their dream homes. 
They ensure 100% customer satisfaction with their services and have the best options for ready-to-move flats in Kandivali. Apart from Kandivali East, they also handle the real estate consultancy needs around Mira Road, Dahisar, Goregaon East and other parts of Mumbai. 

5. Property Bulls
Property Bulls, in Kandivali East, is one of Mumbai's leading real estate consultants. They intend to make the home buying or selling process a matter of celebration and no hassle. They offer all-round services for clients who want to own, occupy or invest in real estate in Kandivali East. 
They claim to have industry experts on their team to give you the best advice to help you with the home-buying decision. They offer buying, selling, leasing, investments and NRI services to potential home buyers. 

Finding the Right Property to Invest in Kandivali East is Now Easy!
With all these realtors, finding the right property to buy and live in Kandivali East will be easy. But, the realtors will mostly show you the properties of clients they have partnered with. You will still be deprived of some of the great options which might not be part of any particular realtor’s list. 
So, to get some of that exploration help, turn up to Blox, and you will have clarity on all of the best ready-to-move flats in Kandivali within your specific budget. Blox is a property search engine in Mumbai that lists all the affordable, premium and luxury apartments for you to choose from and book your site visit. 

Conclusion
Hopefully, this blog gave you a profiling brief of some of the popular realtors of Kandivali East. You can definitely count on them to smoothen up the home-buying process.