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3 Reasons That Have Contributed to the Growth of Real Estate on Vasai Road

Mumbai has always been an Indian metropolis, and people all over the nation aspire to buy a house in this thriving city. In the past, immense restrictions and development constraints prevented people from investing in their dream homes. 

But in the modern era, Mumbai is imposing more emphasis on buyer-friendly compliance and regulations. Therefore, residential investments are now at their peak for major hubs of Mumbai. Among the various residential hotspots in the city, Vasai is one of the prime micro real estate markets worth considering. 

New real estate developments are peaking in this locality. And with excellent social infrastructure, more and more people are keen to invest in properties at this place, one option being exploring some affordable range of flats in Vasai West. 

To help you better understand the potential of real estate, let’s shed light on a few of the reasons that helped Vasai West grow in this arena. 

1. A Completely Seamless Connectivity
The atmosphere at Vasai West is pretty calm for people to live peacefully. The locality offers close accessibility to most major job centers in MMR (Mumbai Metropolitan Area). 

The best part of the locality is that you are well-linked from Vasai West to significant locations of MMR. And this is possible through the NH-48 and Western Express Highway connectivity. Some selected projects, such as DMIC, MMR ring road, metro, and bullet train, are primarily under planning, approval, or development stages. 

Thus, these upcoming developments will boost both connectivities as well as the infrastructure of Vasai West. These proposed plans are evident contributors to real estate growth in this locality. 

Vasai West has excellent connectivity to the southern part of Mumbai, including Lower Parel, Andheri, Goregaon, Dadar, and Malad. People living in Vasai West are in close proximity to several industrial estates and office buildings in & around the locality through the train network. 

2. The Mind-Boggling  Retail & Social Infrastructure
There are great schools, hospitals, transportation hubs, hotels, and shopping centers in Vasai West. As more and more developers and home buyers are showing their interest in investing in the real estate of Vasai West, there has been a consistent improvement in the retail & social infrastructure of the area. 
Some of the top facilities you can avail in Vasai West are:

Schools:

• St. Francis High School
• Sheth Vidya Mandir High School
• Trinity High School & Junior College
• Junior College of Commerce and Science
• Sunrise English High School & Junior College

Hospitals:

• Platinum Hospital
• Alliance Hospital
• Cardinal Gracias Memorial Hospital
• Astha Hospital

Hotels:

• Hotel Imperial Mumbai
• Treebo Trend de Grandeur Hotel & Banquets
• Hotel Royal Hills

Shopping Malls and Recreational Centres:

• Carnival Cinemas
• Dubey Estate Shopping Centre
• Railway Mall
• Viva Swastik Mall
• Magnet Mall

All of these developments, and more in line, are fruitful contributors to the real estate market of Vasai West. Some of the upcoming developments that will probably nourish the overall infrastructure in Vasai West at an even more proficient level are:

• Proposed water transportation facilities that will connect Vasai to Thane and Kalyan. It will reduce the overall transport time and cost. 
• A business hub will be built between Vasai and Virar by converting the salt pans spread across 1500 acres of land. 
• The proposed bullet train line to pass through the Vasai West.
• The drinking water supply is to be enhanced by the civic body with the laying of pipelines across Vasai West. 
• Development of Vasai-Bhayander Bridge for enhancing the connectivity of Vasai West to Bhayander West and other parts of Mumbai. 
• A 38-km Ring Road is in pursuit to further streamline the connectivity of this locality to other parts of Mumbai.
• MMRDA has plans to expand the metro network in Vasai. 
• The industrial corridor between Delhi and Mumbai will pass through the Vasai Road. 

3. Expect a healthy ROI
Vasai West is a hub for affordable homes, one of the significant attractive factors for all home buyers in Mumbai and other parts of India. But even with the affordability factors in check, real estate pricing has increased throughout the past few years. 

The current average price per sq. ft. for flats in Vasai West is around Rs. 7000 or slightly more. And this average figure is around 10 to 12% higher than that of the previous year’s average. So, you can conclude that the investment returns for properties in Vasai West are exceptional. 

Considering this constant uprise in real estate pricing, more and more people were keen on investing their money. Thus, Vasai West became one of the residential hotspots of Mumbai! 

Conclusion
These reasons clearly explain how real estate in Vasai West peaked in the past few years. The focus of authorities on improving the infrastructure and facilities of the demanding regions of Mumbai has helped the city grow. 
With this development pace, even the best developers are now eyeing Vasai West and other parts of Mumbai to offer affordable, premium, and luxurious real estate properties within the city. 

If you are looking for flats in Vasai West or any other part of Mumbai, then Blox is the perfect platform to find your dream home within minutes. You just have to access Blox, enter your preferred location, pick your developer, select your budget, and choose the property type. 

 

Why Has Mira Bhayandar Become a Hotspot for Real Estate Investment?

Mira Bhayandar, also known as Mira Road, comes under the jurisdiction of the Mira Bhayandar Municipal Corporation. The region of Mira Bhayandar is right on the outskirts of Mumbai’s suburban district. It is officially part of the Thane district. 

Currently, Mira Bhayandar, or Mira Road, is a proper smart city and has been a consistent hotspot for residential property investments for the past few years. The improvements in connectivity, affordable housing, and infrastructure have made it a promising real estate investment location. 

In this blog, you will get an insight into all the factors that made Mira Bhayandar a prime hub for real estate investment. 

The Real Estate of Mira Bhayandar Continues to Climb the Ranks

Mira Bhayandar is one of the poshest regions of Mumbai and is widely popular for its picturesque mangroves and salt pans. In the past, this locality was infamous for its lack of water supply and electricity. But over time, this land of agriculture in Mumbai is now an epitome of comfort, connectivity, and convenience. 

The roads, covered with dome-shaped trees and backed by a humongous social infrastructure, make this place a peaceful and sought-after destination. Even with all of the world-class infrastructure facilities, the place offers affordable homes at a price point less than that of the neighbouring communities such as Borivali and Kandivali. 

Grade-A real estate developers have embarked on a mission to provide quality homes in Mira Bhayandar to meet the emerging lifestyle needs of people in this locality. Premium lifestyles through exclusive homes are filling all of the gaps, eventually keeping up the reputation of this place as a residential hotspot. 

Natural greenery, landscape views, and a serene glance at Vasai Creek are pulling more and more people towards investing in the real estate of Mira Bhayandar. The air quality is optimal, and the temperatures are ideal for a comfortable livelihood compared to other parts of the city. 

Hence, not just amenities and facilities but a peaceful and serene life makes someone relentlessly look for a property in Mira Bhayandar to invest in. 

The Thriving Infrastructure & Connectivity Plays a Key Role!

The locality of Mira Bhayandar is feasibly connected with the various industrial estates and business centers across Andheri, Goregaon, and Malad. Infinity IT Park, Lotus Corporate Park, Nirlon Knowledge Park, Santacruz Electronic Export Processing Zone, and others are a few such employment hubs close to Mira Bhayandar. 

The physical connectivity of this locality to significant parts of Navi Mumbai, Thane, and Mumbai is also optimal. It is because of the extensive roadways network. The railway station at Mira Road is the preferable transportation medium connecting people to different parts of the city. 

This locality's residents also have access to some of the best malls in all of Mumbai. You get Thakur Mall, Maxus Mall, and Rassaz Shopping Mall in close proximity. It just takes 15 minutes from Mira Bhayandar to reach these destinations. 

Apart from that, you also have international schools, such as N.L. Dalmia High School, St. Xavier’s High School, RBK School, Sardar Vallabhbhai Patel Vidyalaya, and many more. 

To look after the health of residents in Mira Bhayandar, Wockhardt Hospital, and Bhaktivedanta Hospital & Research Institute are two of the most renowned and international-standard hospitals at your service. 

Hence, such a broad social infrastructure will inspire real estate investments in Mira Bhayandar and take it to the next level. 

Multiply Your Investment Exponentially!

The properties in Mira Bhayandar or Mira Road are currently priced at an average of around Rs. 10,000 to Rs. 11,000 per sq. ft. This pricing is more than 20% higher than five years ago back. This price hike is expected to boom in the forthcoming years, opening the window for investors to get multiplied returns for their real estate investments. 
The price of properties in Mira Bhayandar is far from its saturation point. Hence, it means that the appreciation will continue on a larger scale within the next decade and even beyond it. Hence, why won't people invest in flats and independent houses on Mira Road? And such investment spikes are eventually ideal for making this place a real estate hotspot. 

If you are looking for a property in Mira Bhayandar, now is the right time to put your money into it. Try out Blox, a property searching platform to help you find your dream home in your desirable localities of Mumbai. Select Mira Road or Mira Bhayandar as the location, set your budget, and choose the property type to view available options from top property developers. 

When you find the ideal one, book your site visit, and you can then make a healthy home-buying or investment decision. 

Conclusion

So, this clearly explains why and how Mira Bhayandar is a consistent real estate hotspot in Mumbai. The prices are nominal and reasonable in comparison to the real estate markets of the neighbouring localities, alongside the brilliant social infrastructure. Hence, this justifies the demand for residential properties in the area. 
Try out Blox today, and get the best deal on your dream apartment or independent house before it gets sold. 

 

Mannat: A Detailed Tour into Shahrukh Khan's Mansion

If you are a fan of Bollywood, you must have heard of Shahrukh Khan, the King of Romance, who has charmed millions of people with his acting skills and charisma. But do you know where he lives? Well, he lives in a stunning six-storey mansion called Mannat, located at Bandstand in Mumbai. 

For many, Mannat is not just a house, it is a landmark, a tourist attraction, and a dream to witness with their own eyes. In this blog, we will take you inside Mannat and show you what makes it so unique.

Mannat: A Mansion Fit for the King of Bollywood
Shahrukh Khan, famously known as the "King of Bollywood," is one of the most influential actors in the Indian film industry today. With a career spanning over three decades, Shahrukh has become a household name in India and has a massive fan following across the globe. 

One of the most iconic landmarks associated with Shahrukh Khan is his luxurious mansion called Mannat, located in the posh neighbourhood of Bandra, Mumbai. If you search for ‘Mannat Shahrukh Khan address’ online, you will easily find that it is: 

Mannat, Land's End, Bandstand, Bandra (West), Mumbai, Maharashtra - 400050

Mannat, which translates to "wish" in Hindi, is a six-story building that stands tall on a sprawling piece of 27,000 sq. ft. of land overlooking the Arabian Sea. The mansion is an architectural marvel that seamlessly blends old-world charm with modern amenities. From the outside, Mannat looks like a grand palace with a white facade and a beautiful garden surrounding it. The mansion has become synonymous with Shahrukh Khan, who bought the property in 2001, and it has become a must-visit destination for his fans.

The History of Mannat
Mannat was built in the 1920s as a heritage villa named Villa Vienna. It was owned by a Parsi family until 2001, when Shahrukh Khan bought it for Rs 13.32 crore after falling in love with it during the shooting of his film Yes Boss (1997). 

He then renamed it Mannat, which means "a vow to the gods". He spent another Rs 20 crore to renovate and expand it with the help of his wife Gauri Khan and architect-designer Kaif Faquih. It took nearly 10 years to complete the makeover of Mannat.

A Walk Inside Shahrukh Khan’s Mannat Mansion

As you enter the gates of Mannat, you are greeted by a massive driveway that leads up to the entrance of the mansion. The entrance is a double-height lobby with intricate chandeliers, marble flooring, and an imposing staircase that leads up to the upper floors. The lobby also houses a life-size statue of Lord Ganesha, a revered Hindu deity, which is considered to be a symbol of good fortune and success.

One of the most striking features of Mannat is the stunning view of the Arabian Sea from the upper floors of the mansion. The house's terrace offers a panoramic view of the sea and is one of the most sought-after spots in the city. The terrace is also the venue for many of Shahrukh Khan's famous parties, which are attended by the who's who of the film industry.

The interiors of Mannat are a reflection of Shahrukh Khan's exquisite taste and love for all things luxurious. The mansion boasts several living areas, including a grand living room, a formal dining room, a family room, and a library. The living spaces are decorated with beautiful works of art, including paintings, sculptures, and antique furniture. The mansion also has a state-of-the-art gymnasium, a private movie theatre, and a games room, which houses a pool table and a foosball table. 

Of course, Mannat has multiple bedrooms, a library, an office, a terrace, and a private auditorium. It also has a stunning swimming pool that overlooks the Arabian Sea. The house is filled with artworks, antiques, souvenirs, and memorabilia from his films and travels. Each floor has a unique and distinctive concept that showcases Gauri Khan's design skills.
One of the most interesting aspects of Mannat is the secret underground parking lot, which is accessible only through a private elevator. The parking lot can accommodate several luxury cars and is a testament to Shahrukh Khan's passion for cars.

Final Words
It is easy to wonder why Shahrukh Khan considers Mannat as his most prized possession and says he would never sell it or leave it for anything in the world.
Despite its grandeur and opulence, Mannat remains a warm and welcoming home to Shahrukh Khan and his family. The mansion is not only a symbol of his success but also a reminder of his humble beginnings. Shahrukh Khan often shares glimpses of his life at Mannat on his social media handles, giving his fans a peek into his world. 

Mannat is not just Shahrukh Khan's home; it is also his fans' destination. Every day, hundreds of people gather outside its gates to catch a glimpse of their favourite star or simply to take pictures with its iconic nameplate, which recently received a diamond-studded makeover. On special occasions like Eid or his birthday, Shahrukh Khan comes out to greet his fans from his balcony or terrace and waves at them with his signature pose. Sometimes, he also invites them inside his house for tea or snacks. Mannat has also been featured in several magazines like Vogue India and Architectural Digest India as well as TV shows like NDTV's Living with A Superstar and Netflix's My Next Guest Needs No Introduction

With David Letterman, where Shahrukh Khan gave exclusive tours into his mansion.

In conclusion, Mannat is not just a mansion but an iconic landmark that has become a part of Shahrukh Khan's legacy. The mansion is a perfect reflection of Shahrukh Khan's personality, which is a beautiful blend of tradition and modernity. If you ever happen to visit Mumbai, do not miss the opportunity to catch a glimpse of Mannat and experience the magic of the King of Bollywood's abode.

All You Need to Know About MHADA Lottery 2023

The Maharashtra Housing and Area Development Authority

Soon after India achieved independence, the Maharashtra Housing Board was established in 1948. The board undertook the construction of affordable housing projects in the state (except the region of Vidharbha) and allotted these residential units to the public. Later, in the 1970s, the Bombay Slum Improvement Board was set up for the redevelopment of slums and the provision of utilities for slum residents. Eventually, in 1976, with the passing of the Maharashtra Housing and Area Development Act, all these responsibilities were taken over by the Maharashtra Housing & Area Development Authority (MHADA), which became the nodal agency for offering low-cost housing in Mumbai and for coordinating the efforts of nine different housing boards spread across the state.

What is the MHADA Lottery?

The MHADA Lottery is a scheme offered by the authority to pick allottees for the various government housing schemes impartially. The focus is to provide an objective and fair lottery system for the allotment of housing for low-income applicants. The lottery is picked randomly by a computerised program from among the pool of eligible applicants. It is a clean, transparent system that offers all applicants an equal chance of availing of the facility after screening through set eligibility criteria.

The MHADA Lottery is announced for various regions depending on the availability of units in each project. The local housing boards undertake the construction, but the allotment is centralised and conducted by MHADA. The very first MHADA lottery draw was conducted in the year 2012, and ever since, the board has made several thousands of affordable housing units available each year.

MHADA Lottery - Eligibility Criteria 

To be able to participate in the MHADA lottery scheme draw, the applicant must meet the following eligibility criteria-

• The person applying should be 18 years of age or above.
• He/She should be a permanent resident of any city in Maharashtra. This means that they should produce a domicile certificate that proves they have held an unbroken residency in any city in the state for at least 15 years.
• The applicant should be a Permanent Account Number (PAN) Cardholder.
• The or his/her immediate family (parents, spouse, or children) should not own or hold residential property.
• Anyone who is already a beneficiary of an MHADA lottery scheme cannot reapply.

Income Categories for MHADA Lottery Scheme

The various income categories, as defined by the MHADA regulations, are as follows -

• Economically Weaker Sections (EWS) - Income up to INR 6 lakhs (Mumbai, Pune, Nagpur) and INR 4.5 lakhs per year (rest of Maharashtra) – Unit size 30 sq. metres
• Lower Income Group (LIG) - Income up to INR 9 lakhs (Mumbai, Pune, Nagpur) and INR 7.5 lakhs per year (rest of Maharashtra) – Unit size 60 sq. metres
• Middle Income Group (MIG) - Income up to INR 12 lakhs (Mumbai, Pune, Nagpur, and rest of Maharashtra) – Unit size 160 sq. metres
• Higher Income Group (HIG) - Income more than INR 12 lakhs (Mumbai, Pune, Nagpur, and rest of Maharashtra) – Unit size 160 sq. metres

Application Process

The registration process for the MHADA lottery application is a simple one.

• Log on to the official MHADA website and create an account with your personal details
• Log in with your OTP
• Pick the MHADA scheme you want to apply for based on the location of your choice.
• If there is an ongoing scheme or project, fill in the application for the lottery with your information.
• Upload the supporting documents as necessary.
• Make the online payment for the application and print out the acknowledgement and receipt.

Documents required for application – 

PAN card and Aadhaar card are mandatory for the application process. In addition, the domicile certificate must be produced to avail of the benefits. Other documents may be used as the date of birth proof.

• Aadhar Card
• PAN Card
• Birth Certificate
• Domicile Certificate
• Voter ID
• School Leaving Certificate
• Driving License (optional)
• Passport (optional)

An application charge of INR 560 is levied on all applications. The registration charge may vary between INR 5000 and INR 20000, depending on the income category.

MHADA Lottery 2023

In 2023, MHADA will offer thousands of low-cost housing options in Mumbai and the rest of the state. The first round of MHADA lottery applications started in January 2023, and the application process closed in February 2023. The lottery draw for this was held on 17 February. Those who have applied for affordable housing under this scheme can check their lottery status on the MHADA website. If you have not been able to meet the deadline for the MHADA application or have not been successfully chosen by the lottery pick, you can keep a lookout for future housing lottery announcements through the site and apply again. In addition, live schemes are visible under the regional housing boards in the MHADA Lottery Site.

The MHADA Lottery scheme is an excellent welfare scheme available to mill workers and people from economically weaker sections of society. It is the state equivalent of the Pradhan Mantri Awas Yojna that the central government offers.
 

9 Tips to Help Your Maximise Your Returns from Commercial Real Estate

Commercial real estate can be a highly profitable investment, but it can also be a complex and risky venture. Whether you are a seasoned real estate investor or just starting out, it is essential to have a solid understanding of how to maximise your returns from commercial real estate. 

The Indian real estate market is expected to increase to US$ 1 trillion in 2030 from US$ 200 million in 2021, making it the third largest globally. Additionally, the average rental yield for commercial real estate in India ranges from 6% to 10%, depending on the location and type of property. This makes them a lucrative opportunity for all keen-eyed investors.
In this blog, we will provide you with 9 tips that can help you to maximise your returns from commercial real estate and make the most out of your investment.

Tip 1: Learn the Basics of Commercial Real Estate
Before you dive into the world of commercial real estate investing, you need to familiarise yourself with some key concepts and terms that are unique to this market. For example, you should know how to calculate the return on investment (ROI) of a property, which is the ratio of net income to the total cost. You should also understand how different types of leases work, such as gross lease, net lease, and triple net lease. Additionally, you should be aware of the factors that affect the value and demand of commercial real estate properties, such as location, demographics, market trends, zoning laws, etc.

Tip 2: Do Your Homework
Before you invest in commercial real estate, it is essential to do your homework. Research the local market, the demand for commercial property, and the potential risks and rewards of investing in a particular area. Look for areas that are experiencing growth and development, as these are likely to be good investment opportunities. 

Tip 3: Choose the Right Investment Vehicle
There are different ways to invest in commercial real estate, depending on your preferences and resources. One option is to buy a property directly and manage it yourself or hire a professional property manager. This gives you more control over your asset but also more responsibility and liability. Another option is to invest indirectly through a real estate investment trust (REIT), which is a company that owns and operates a portfolio of commercial real estate properties. This allows you to enjoy regular dividends without having to deal with the hassles of ownership. A third option is to join a real estate crowdfunding platform or syndication deal where you pool your money with other investors and share the profits from a specific project or property.

Tip 4: Find the Right Property
Finding the right commercial property is crucial for maximising your returns. Look for properties that are in high demand, such as retail or office space in prime locations. Additionally, consider properties that offer opportunities for renovation or development, as these can increase the value of your investment over time.

Tip 5: Consider Your Financing Options
Financing is a critical factor in commercial real estate investment. Consider your financing options carefully, and choose a financing option that offers the best terms and conditions for your investment. Consider working with a financial advisor or broker who can help you navigate the complexities of commercial real estate financing. 

Tip 6: Diversify Your Portfolio
One way to reduce your risk exposure and increase your returns from commercial real estate investing is to diversify your portfolio across different types of properties (such as office buildings vs retail stores), locations (such as urban vs suburban areas), tenants (such as national chains vs local businesses), lease terms (such as long-term vs short-term contracts), etc. This way, you can balance out the fluctuations in demand and supply for each segment and benefit from multiple sources of income. A good opportunity is in the office market in India is expected to reach a net absorption of 32 million square feet by the end of 2023, with Mumbai, Bangalore, and Delhi-NCR being the top three cities for commercial real estate investment

Tip 7: Manage Your Property Effectively
Managing your property effectively is essential for maximising your returns. Ensure that your property is well-maintained and that you provide excellent customer service to your tenants. Additionally, consider hiring a property manager to help you manage your property effectively.

Tip 8: Stay Up-to-Date on the Market
The commercial real estate market is constantly changing, and staying up-to-date on market trends and developments is essential. Subscribe to industry publications, attend industry events, and network with other real estate professionals to stay informed about the latest trends and opportunities in the market.

Tip 9: Be Patient
Commercial real estate investing is not a get-rich-quick scheme but rather a long-term strategy that requires patience and perseverance. It may take years before you see significant appreciation in value or cash flow from your properties. Moreover, you may face unexpected challenges, such as vacancies, maintenance issues, market downturns, legal disputes, etc., along the way. 

Therefore, you need to be prepared for these scenarios and have enough reserves to cover any contingencies.

Conclusion
Commercial real estate can be a highly profitable investment, but it requires careful planning and execution. By following the tips mentioned above, you can maximise your returns from commercial real estate and make the most out of your investment. Remember to do your homework, find the right property, consider your financing options, leverage tax benefits, manage your property effectively, and stay up-to-date on the market. With these tips, you can achieve success in the commercial real estate market.

10 Best Developers in Badlapur That Are Driving Its Growth

Boasting its brilliant connectivity to Navi Mumbai, Dombivli and Kalyan, Badlapur has seen immense residential growth in Thane. It is a micro-market for real estate with outstanding physical and social infrastructure. The highlight being ample residential property options within specified budgets. 

The housing demand in Badlapur has also drawn the attention of popular real estate developers to make their investments. Even if you are looking for a simple 1 BHK flat in Badlapur, Thane, you have remarkable properties from various developers to consider. These developers are why more and more people want to invest in residential apartments and independent houses in this locality. 

So, to help make the home search easy, here is a list of popular developers you can count on. 

1. Tharwani Constructions Pvt. Ltd. 
Tharwani Constructions is a real estate and urban construction firm that is working towards the mission of changing the face of Mumbai. This developer has earned its reputation for delivering quality construction of residential properties by meeting all customer expectations. They have been in business since 1989 and have delivered over 13 projects. 

2. Mohan Group
Mohan Group is yet another old yet renowned real estate developer and has earned a great name across India. They have been in business since 1987 and have developed numerous commercial and residential properties. Mohan Group has a significant presence in Thane, suburbs of Mumbai, Goa and Pune. 
They have delivered dream homes to more than 12000 home buyers. They have 38 projects in their lifetime so far as a developer. 

3. Square Feet Group
Square Feet Group is associated with developing, constructing and executing ultra-modern and lavish flats in Badlapur and around Thane. They have built a strong rapport with their clients by delivering them the promised luxury and comfort in their residential spaces. They started in 1992 and have completed around 28 projects since then. 

4. Raj Group
Raj Group has faced immense competition in the real estate arena of Thane and Mumbai. But, they have surpassed the dominance and earned a consistent reputation with their exceptional development works. 
They have a long list of successful residential projects in Thane and are working on various ongoing projects. Since 1988, Raj Group has been steady with its expansion towards delivering great homes to the people of Thane and Mumbai. So far, they have delivered over 27 projects. 

5. Panvelkar Group
Panvelkar Group is determined to make it possible for every family to own a house in Thane and all across Mumbai. They have a wide spread of more than 80 projects across the Mumbai suburbs and have ensured the affordability of homes in Badlapur, Thane. 
The company is committed to offering budget-friendly apartments and independent houses while maintaining excellence, high standards and quality of living. 

6. Thanekar Group
Thanekar Group boasts about its exceptional team of highly knowledgeable experts in construction ideologies for residential properties. They implement a good balance between offering reasonably priced homes and maintaining the quality of the properties. 
The end goal of Thanekar Group has always been to achieve customer satisfaction by understanding the client's unique needs. They started in 1991 and have delivered numerous projects all across Mumbai. 

7. Shagun Properties
Shagun Properties is a new-age property developer with constructions in Badlapur, Kalyan, Dombivli and other parts of Mumbai. The branch in Badlapur is named Shagun Enterprises. Despite the name change, both of these branches work in collaboration to improve real estate in Mumbai. 
If you are looking for a 1 BHK flat in Badlapur, then Shagun Properties can deliver you a broad range of options with modern amenities. Not just that, but they have ensured the affordability of homes in Badlapur to attend to home buyers' demands. 

8. Atmiya Properties
Atmiya Properties is a Badlapur-focused real estate firm that offers residential and commercial properties. They are widely known for identifying customers' needs and delivering them the best-in-class product to satisfy their home-buying needs. Apart from that, Atmiya Properties also helps the property owners find a tenant, handles negotiations and finalises the documentation process for Atmiya. 

9. Poddar Housing
Poddar Housing has been in the real estate development world for more than a century and is, today, one of the most reputed developers in Pune and Mumbai. They have delivered more than 5000 quality apartments, and every one offers top-quality architecture. 
In this fast-paced industry, premium developers offer affordable housing solutions to the people of Badlapur. They were also awarded the Best Brand in 2019 by IBE (International Brand Equity). 

10. 5P Group
5P Group in Badlapur is working relentlessly towards a promise of delivering quality homes in Badlapur and other parts of Mumbai at affordable pricing. They are very much pre-eminent in the construction sector and have an experience of more than 20 years. 
For the people of Mumbai, 5P Group spreads the vibe of confidence and trust in the entire construction sector. They are raising the bar of real estate development and are promoting excellent lifestyle amenities. Client comfort and satisfaction have been the key for 5P Group to thrive. 

Conclusion
So, these are the ten popular developers of Badlapur, Thane, who are eyeing to improve the real estate infrastructure of the locality. The average price per sq. ft. for apartments in Badlapur, Thane, is around Rs. 4000 to Rs. 4200. Hence, the prices are nominal for home buyers to avail of affordable housing. 

So, if you are searching for affordable and quality apartments from these top developers, then Blox can assist you in choosing the best flat in no time. All you have to do is select your developer, enter the location, choose a budget and pick an apartment type. Once done, you will have many available properties to consider.
 

Top Benefits of Buying a Flat in Dahisar

If you search for a flat in Mumbai, you may spend months deciding on a suitable locality. You’ll probably need a locality close to educational hubs, your office, hospitals and some recreational facilities. Following all of that, good real estate projects should be available at reasonable pricing. 

If you want to buy a property in the western suburbs of Mumbai, then Dahisar is one of the most preferred residential hubs. Both Dahisar East and West have seen a significant rise in developments attracting people to invest their money in properties of this locality. 

But what are the benefits of buying flats in Dahisar? Why is it a convenient pick for everyone who wants a house in Mumbai’s western suburbs? 

This article will enlighten you about the benefits of buying flats in Dahisar. Read along till the end, and you will know how living in this locality is a rewarding decision. 

1. Excellent Physical and Social Infrastructure

The best thing about Dahisar is its development stature, with good educational institutions around it, such as St. Louis, Sardar Vallabhbhai Patel, Indian School of Management and others. 

Apart from that, you are also accessible to some world-class hospitals, including Sanjivani, Abhinav Sushrut and Crystal Hospital. All medical and educational facilities are top-notch around Dahisar, which makes it a convenient pick for home buyers. 

A locality without recreational facilities is often stated as dull. Therefore, when looking for flats in Dahisar, you enter a locality with some of the best malls in Mumbai. You have Korum Mall, Square Mall and Raghuleela Mall around the area. 

Today, there are pedestrian sidewalks, smoother roads, housing complexes, cinema theatres, gyms and many more such amenities for residents of Dahisar to live a modern lifestyle. Some familiar fast-food joints and popular eateries in Dahisar are Mcdonald's, Subway and Cafe Coffee Day. 
There even exists a Dahisar Sports Foundation (DSF), which has a large jogging track open for residents or members. DSF also hosts several indoor and outdoor activities to entertain the people around. 

2. Keeps You Connected with the Entire City

When living in Dahisar, you won’t feel disconnected from the city. The place is highly accessible through all modes of transportation. Hence, commuting becomes hassle-free. 
Dahisar is connected to the city through Mumbai Suburban Railway and Western Express Highway. The BEST buses run from Dahisar Bus Station to allow inter-city commutes. You can take buses to Chunabhatti, Damu Nagar, Bandra West, Santacruz Depot and other Mumbai parts without hassle. 

Another BEST bus station near Dahisar Bridge offers buses that help you commute to/from Yari Road, Shivaji Nagar and Juhu Beach. To help ease traffic and make the locality more accessible, many flyovers across Dahisar connect directly to the Western Express Highway. 

The railway station of Dahisar is located on the Western Line of Mumbai’s Suburban Railway Network. It is called the last station in all of the financial capital. The international airport is located 22 km from this locality, and you can reach it quickly by using the Western Express Highway. 

3. Return on Investment (ROI) Opportunity is Outstanding

Dahisar has experienced a wave of real estate development since the 1980s and 1990s. Some popular residential complexes in the locality are Misquitta Nagar, Adadhooth Nagar and Anand Nagar. Lodha Group, Keystone Group and RNA Builders are some of the top property developers who have contributed to changing the face of Dahisar’s real estate. 
The properties being developed by reputed developers are prone to experience price surges in the forthcoming times. Hence, this is a positive sign for the people investing in flats in Dahisar, considering it an asset. 

Hence, the best thing about investing in real estate in Dahisar is its high ROI. The average price per sq. ft. for flats in Dahisar East is around Rs. 14,500. And this figure is around 4% higher than the average for 2022. On the other hand, the average price per sq. ft. for properties in Dahisar West is around Rs 18,000, around a 5% hike since last year. 
Hence, you can imagine how great an investment scope you have upon investing in the real estate of Dahisar. With all amenities and infrastructure facilities, you can also avail of profitable returns when selling your property after many years. 

4. Range of Property Options- Affordable to Luxurious

The top property developers of the state have revamped both Dahisar East and West. They have been developing brilliant projects all across the locality to accommodate the varying needs of home buyers in Mumbai. 

They have affordable, premium and luxurious flats in Dahisar to give every home buyer sufficient options for buying great homes. The prime high-rise apartments are also backed with world-class amenities, astounding skyline views and a refreshing environment. 

5. Close Proximity to the Employment Hubs

When deciding to buy a property in Dahisar, the first thing you would like to check is the distance to your office or workspace. This locality has very close proximity to major employment hubs of Mumbai. 

Dahisar has Mira Road MIDC and Wadhwa Techno Park as one of the biggest employment hubs in Mumbai. Following that, this locality is just around 10 to 15 km away from other employment centres such as Infinity IT Park, Mindspace, Nirlon Knowledge Park and NESCO IT Park. 

Conclusion

So, these are the evident benefits of buying a flat in Dahisar. Among Mumbai's suburbs, if you are looking for a locality that can give you all modern amenities and infrastructure developments alongside high ROI, then Dahisar is the place you should count on. There are various completed and ongoing projects available for you to invest in. 
If you want help finding the best flats in Dahisar within your budget, Blox is the perfect platform for you to try out. Look out for your desired options in Dahisar, and book a site visit to take the discussion further with the developer. 

 

Apartment Vs Villa: Which Is Better for Investment

The pros and cons of owning villas vis-à-vis apartments are matters of intense debates among homeowners. Personal preferences and pragmatic considerations colour these debates but as a prospective home owner, it is important that you understand the advantages of both types of properties before you make an investment. There is not simple answer to the question – Villa or apartment, which is better? The decision is often a matter of balancing budget with comfort.

Advantages of owning a villa 

• Space – The most significant advantage villas offer the owners is the luxury of space. Villas typically have at least three bedrooms with additional living, dining, and balcony areas. The availability of the terrace space and balconies makes for an open home with lots of room.
• Light and ventilation – One of the reasons homeowners prefer villas to apartments is the availability of natural light and cross ventilation. Most apartments in busy neighbourhoods are crammed buildings, and open spaces are difficult to come by. Villa owners also tend to minimise energy bills with lower air-conditioning and lighting needs.
• Privacy – Villa owners enjoy a great deal of privacy. Unlike apartment residents, they are not bound by guidelines pertaining to visitor hours or need to keep the music down, worry about their conversations being heard by neighbours, or even bound by pet rules. Even in cases where the distance between villas is small, residents enjoy a lot more privacy than apartment owners.
• Lifestyle – Villas offer space, time, and comfort to indulge in your hobbies and lifestyle choices. Make space for a kitchen garden in the backyard, hone your pottery skills on the terrace, or put up scary decorations on Halloween – live the life you always wanted.
• ROI – Villas come with the land on which they are constructed. This tends to make them more expensive but in the long term, the value of villas appreciates much more than the price of apartments.

Advantages of owning an apartment 

• Cost - Apartments are inexpensive when compared to villas. An independent building or a duplex can cost between 3 and 5 times the price of a flat or an apartment in the same neighbourhood. For most young professionals and first-time home buyers, this is beyond their budget.
• Low maintenance – Most apartment complexes are maintained by resident associations or societies. They charge every resident a standard amount each month, and the contributions go towards monthly maintenance and building a kitty for future repairs. In the case of villas, the entire cost is borne by the owner.
• High rental yield – Apartments or flats can be easily rented out, creating an additional source of income for the homeowner. Most young professionals or families who look to lease or rent prefer apartments due to their compact nature and low maintenance needs.
• Better security – Apartment complexes typically have better security features than villa societies. The very nature of flats or apartments makes them less prone to intrusions. Apartment societies focus on security and do not let unauthorised persons enter the building.
• Location – It is common to find high-rises with apartments, flats, condos and such units in the centre of the city. Villa communities are typically located in the suburbs or fringes of the city, making commutation difficult.

Villa or Apartment – Which is Better?

Both villas and apartments come with their own advantages and disadvantages. The right option is one that suits your and your family’s needs best. Budget and location considerations are important factors when deciding between an apartment and a villa. In case you are ambiguous, it is a good idea to speak to people living in both residential properties and listen to their lived wisdom. A site visit to the villa society or apartment complex can often help clarify the matter. The facilities and amenities offered by them can often help you decide.

Investment and financial planning
There are some key differences when it comes to investing in villas and apartments. These merit a close study before you decide to buy. Villas are much more expensive but are also expected to appreciate more in the long run. On the other hand, apartments can be easily bought with home loans, and the EMI payments are much lower than expected for a villa purchase. Land value and location should be important points to consider when you buy the property for investment purposes.

Find Expert Help
Be it a villa or an apartment, whichever you choose to buy, you must find RERA-registered projects that meet your needs. Choose a developer with a track record of delivering high-quality residential real estate and sticking to the promised delivery schedule. Blox helps connect you with the top developers in Mumbai and the city’s suburbs. Our relationship manager will help you decide on the perfect investment property in your budget and choice of the locality.
 

Explained: India's Land Encroachment and How to Deal With it

Land encroachment is a serious problem in India that has been going on for decades. It refers to the illegal occupation of land that belongs to someone else. In India, the land is considered one of the most valuable assets, often passed down from generation to generation. However, with the rapid increase in population, urbanisation, and industrialisation, the demand for land has increased significantly, leading to land encroachment.

Understanding the Problem of Land Encroachment in India

Land encroachment can take various forms, including squatting on public or private land, illegally constructing structures on someone else's property, or simply taking over land the encroacher does not own. It affects private individuals and the government, as it can result in the loss of public land and resources. The issue of land encroachment has been prevalent in India for decades, and the actual number of land encroachment cases is believed to be extremely high as many cases go unreported.

Difference between Land encroachment and property encroachment

Land encroachment is also referred to as property encroachment. Both are complex issues that can have profound legal implications. The difference between the two can be subtle, but it's essential to understand the distinction.

To illustrate the difference, let's take the example of a plot of land owned by Ms. Priya in the city of Mumbai. Suppose she has not done any construction on the land and has left it unattended for some time. When she visits the property, she notices that someone has erected a boundary wall around her land without her permission. This is an example of land encroachment.

In contrast, let's say Mr. Rohit is renovating his home in Delhi and decides to extend his garden into his neighbour Mr. Sharma's driveway without seeking his consent. This is an example of property encroachment. While Mr. Sharma may initially view this as a temporary adjustment, it could potentially create problems in the future if he decides to sell the property. Mr. Rohit may be unwilling to relinquish the encroached area, creating a dispute that could be difficult to resolve.

Dealing with encroachment can be a complex and challenging process, and it's important to know how to address the issue effectively.

Land Encroachment Act of India 

In India, land and property encroachment is covered under Section 441 of the Indian Penal Code (IPC), 1860. According to this section, encroachment occurs when someone illegally enters another person's property with the intent of committing an offence, threatening the owner for possession of the property, or staying there without permission. Section 447 of IPC provides penalties for land encroachment, with a fine of Rs. 550 and imprisonment for up to three months for those found guilty.

Trespassing on private property is also an offence under Section 442 of IPC, which is covered by Section 441. The judiciary has the power to either stop or restrain encroachers under the Land Encroachment Act. Additionally, the judiciary can order the encroacher to pay compensation for damages caused by the encroachment. The compensation is determined based on the current value of the land and the losses incurred.

To claim damages for encroachment, one must approach the court under Order 39 (Rules 1, 2, and 3). The penalty for land encroachment is determined based on the severity of the offence and is covered under Section 447 of the Land Encroachment Act. Encroachers may face a fine of Rs. 550 or imprisonment for up to three months or both, depending on the nature of the offence.

Causes of Land Encroachment

There are several reasons why land encroachment is so common in India. 

• One of the primary reasons is the lack of proper land records. India has a complex system of land ownership, and many properties do not have clear titles or boundaries. This creates confusion and allows encroachers to take advantage of the situation.
• Another reason is corruption. Many encroachers bribe government officials to get permission to occupy land illegally. 
• Additionally, poverty and lack of affordable housing also contribute to the problem, as people often resort to squatting on land as a means of survival.

Impact of Land Encroachment

The impact of land encroachment is significant. It results in the loss of valuable resources, such as agricultural land, forests, and water bodies. It also affects the environment, as illegal constructions often result in deforestation, soil erosion, and biodiversity loss. Land encroachment also creates social and political tensions, as it can lead to conflicts between different communities and even violence.

Dealing with Land Encroachment

So, how can one deal with land encroachment in India? 

The first step is to create a proper system of land records. This involves digitising land records and making them easily accessible to the public. The government must also ensure that all land is surveyed and mapped accurately, with clear boundaries and titles. This will make it easier to identify encroachment cases and act against the offenders.

Another crucial step is to increase transparency and accountability in the government. Corruption is a significant factor in land encroachment, and creating a system less prone to bribery and other forms of corruption is essential. This can be achieved by implementing stronger anti-corruption measures, such as regular training for government officials and ensuring they are held accountable for illegal activities.

The government must also take a proactive approach to prevent land encroachment. This can be done by enforcing strict laws and regulations against illegal construction and squatting. The government must also create affordable housing options for those who cannot afford to buy or rent a house, as this will reduce the demand for squatting on land.

Public awareness campaigns can also play a significant role in dealing with land encroachment. Many people are unaware of the consequences of land encroachment and may engage in such activities without realizing the impact they are having on the environment and society. By educating people about the perils of land encroachment and promoting sustainable land use practices, we can create a culture of responsible land use that benefits everyone.

Finally, it is essential to enforce existing laws and regulations related to land encroachment. The government must take strict action against offenders, including imposing hefty fines, evicting illegal occupants, and demolishing illegal structures. The legal system must also be strengthened to ensure that cases related to land encroachment are resolved quickly and fairly.

Conclusion

Land encroachment is a significant problem in India that requires urgent attention. It affects not only private individuals but also the government and the environment. While there are several causes of land encroachment, including lack of proper land records, corruption, and poverty, several steps can be taken to prevent and deal with it. These include creating a proper system of land records, increasing transparency and accountability in the government, enforcing strict laws and regulations, creating affordable housing options, and promoting public awareness campaigns. If people work together honestly and with determination, they can create a more sustainable and responsible land use culture in India.