Jitendra Mehta,
President, CREDAI-MCHI Thane Gautam Thacker, Chairman, NAREDCO Progressive Neral-Karjat Hitesh Chaudhary, Hon. Treasurer, NAREDCO Progressive Neral-Karjat The festive ambience of Gudi Padwa continues beyond the date itself, making March a preferred month
While the Gudi Padwa celebrations witnessed earlier this week may have concluded, the commemorative atmosphere continues to be visible at most real estate project sites across the Mumbai Metropolitan Region (MMR). Office bearers of two prominent associations shared insights on the advantages of buying a home during this phase and the importance of Gudi Padwa for the real estate sector coupled with the expectations as well as likely implications for the residential property market.
Real estate is largely sentiment-driven; festivals are an apt example of the same. Some festivals are seen to be enhancing the positive sentiments which result in home buying; Gudi Padwa being one of those. Historically, real estate sales witness higher numbers during the festival of Gudi Padwa, and this reflects in the importance that real estate gives to the festival. As of the last two quarters, real estate has performed well in terms of new launches and sales. The RBI, in its efforts to control inflationary pressures, has taken measures including hike in repo rates, which has resulted in hiked equated monthly instalments (EMIs) for home loans. This has resulted in a partial slowdown in some micro-markets, Gudi Padwa should see high sales, effectively overcoming the partial slowdown. The real estate sector expects better home buying sentiments from Gudi Padwa this year, which would be reflected in the
The authorities are taking all necessary steps to provide necessary infrastructure for growth of this region. They are developing infrastructure, knowledge-based industries and research centers around the Neral- Karjat region. In sync with this, the government has also taken up various infrastructure projects, which make Neral-Karjat among the most promising locations to buy or invest in property this Gudi Padwa. While MTHL will shrink the distance to SoBo; the passenger railway line connecting Panvel and Karjat will ensure ease of travel and connectivity. The AlibaugVirar Multi-Modal corridor and the Bhimashankar Highway will change the centre-point in the region; and property in NeralKarjat will witness price appreciation in the coming months, which makes this Gudi Padwa the right time to invest in or buy for personal use, property in
Mumbai 3.0.
Real estate is largely sentiment-driven; festivals are an apt example of the same. Some festivals are seen to be enhancing the positive sentiments which result in home buying; Gudi Padwa being one of those. Historically, real estate sales witness higher numbers during the festival quantum of sales and also new launches. During our last exhibition we have data of 27k families who have shown interest of buying flats in Thane and the majority of them had completed site visits so we expect closure of around 1500 flats during the Gudi Padwa days. Any time is the right time to buy residential properties simply because the market keeps evolving. Your ‘dream home’ with the same set of amenities at a particular location and, at the current price will not be available in the future.
So, if you’re planning to buy, then don’t procrastinate. Take the decision and go ahead. The right time to buy a home is now! Property is a solid asset class on various parameters. For the home buyer, the safety factor of having bought one’s own home is beyond comparison. For the investor, it reflects a safe and secure option that provides both: rental income and capital appreciation. Obviously, a win-win for the buyer and the investor. Take advantage of the positive sentiment of Gudi Padwa and buy property - it will be the best decision you have made.
Areport by NAREDCO-Knight Frank, titled ‘Brick by Brick: Reimagining Affordable Mumbai’. The report, which was released during the ‘Manthan — Affordable City’ Initiative organized by NAREDCO Progressive Neral-Karjat in October 2022, points to the MMR having a significant demandsupply gap when it comes to affordable housing. According to the report, the MMR registered high demand for affordable housing units through 2022, with 67% of the demand being registered for units less than Rs 25 lakh. The demand for housing units in the range of Rs 25 – 50 lakh was recorded at 13% and units above Rs 50 lakh at 20%. Neral Karjat has offerings across projects which can easily meet these requirements. From the affordable home seeker to the midrange home to luxury villas this region offers what is arguably, the widest range of property in the MMR. The mantra to meet growing demand for affordable housing is ‘Affordable City.’ The authorities are creating more infrastructure; law makers are supporting this development with focus on supporting carbonneutral industries, which will go a long way in ensuring proper development of Mumbai 3.0.
of Gudi Padwa, and this reflects in the importance that real estate gives to the festival. Enhanced connectivity will drive economic growth and jobs in the region over the next year; Neral-Karjat is shaping up to become an education hub with JIO University and XLRI University leading the big names, even as the region develops as a carbon neutral industry hub. Add to these agro-tourism, which ensures sustainable and eco-friendly development. These are factors which make Neral-Karjat among the best options to invest or buy property in this Gudi Padwa.
What is the importance of selecting projects by developers having an established track record?
While RERA is there to protect the home buyers, it is still advisable to always select the right developer with a good track record. Legacy counts, the name of the developer says it all. The bigger brands are giving homes at similar prices to ordinary developers so it doesn’t come at an extra cost. Since it is a large organisation, the processes are streamlined. Reliability and trustworthiness factors are there. There is no variance in construction, which ensures that the product will be in the right format and right design with right material used and that means houses that requires less maintenance or constant repairs in the coming days.
What are some of the key projects by Arihant Superstructures in the current scenario?
We have three new launches; Arihant Aayan in Titwala, Arihant Aspire at Palaspe Panvel and Arihant Aaradhya in Kalyan. Arihant Aayan has set a new standard for sustainability in real estate with eco-friendly features and reduced carbon footprint. Located near the MahaGanpati Mandir, the project is designed to promote a healthier living environment for its residents while minimising its impact on the planet. We are confident that our AAA grade quality homes, coupled with a range of world-class amenities, will enhance the Titwala region and provide homebuyers with exceptional value.
One of the unique features of Arihant Aayan is its focus on sustainability. The apartments are constructed using eco-friendly materials and are equipped with energy-efficient lighting, water-saving fixtures, and appliances that reduce energy consumption. In addition, the project features a rainwater harvesting system that allows for efficient water conservation, a sewage treatment plant that recycles waste, and a solar power system that generates renewable energy.
Arihant Aayan offers a wide range of apartments to suit the needs of different home buyers, with prices starting from Rs. 26 lakh for 1 BHK. The apartments have been designed with a focus on quality and comfort, and come equipped with home appliances and a range of modern amenities like swimming pools, clubhouses, landscaped gardens, and more.
Arihant Aaradhya is a luxurious residential project designed to offer residents a unique living experience. One of the main highlights of the project is the unique artificial sea beach, which is the first of its kind in the region. The beach is designed to provide a relaxing and rejuvenating experience to the residents, with white sand, palm trees, and a clear blue pool that creates the illusion of an ocean. The beach area is equipped with cabanas, sun loungers, and providing the perfect spot for residents to unwind and enjoy a tropical paradise.
Spread over 7 acres, Arihant Aaradhya offers a range of apartment options to suit various needs and budgets. It is located on the Ring Road of Kalyan, connecting Bhiwandi and Titwala, at Bapgaon opposite Khadakpada. The project offers luxury amenities at an affordable price point, making it an attractive option for potential homebuyers. In its initial launch, the project has already sold 350 flats and is now scheduled for a second round of sales.
The 1BHK apartments start at Rs. 31 lakh and the 2BHK apartments are priced at Rs. 45 lakh, making them half the rate of similar properties in Kalyan. The construction of the project is currently in full swing, and it is expected to be a popular choice for those looking to invest in Mumbai's real estate market. The artificial sea beach and facilities will provide residents with a refreshing and exciting way to relax and stay active, making Arihant Aaradhya the perfect place to call home. benefit of modular construction.
A green roof is a botanical layer that grows on the surface of a roof. Rooftop gardens provide shade, absorb warm air, reduce energy costs, and reduce the temperature around the roof surface. Green roofs reduce the strain on drainage systems by providing adequate insulation to your structure and capturing stormwater. The efficiency of solar panels is increased, lowering your total energy bills.
Environmental impact is reduced when you use recyclable, energy-efficient materials. Eco-friendly building materials can also reduce construction time and energy consumption. Cement is one of the most common building materials, and it can be made from recyclable materials. Another option is to use reclaimed wood. Metals, glass, and plastics are all recyclable and reusable in construction.
(The writer is Founder, SpaceMantra)