Buying a home for the first time can be a very intimidating process.

There are so many things involved. You need to make sure that it is value for money and if you can even afford it. There will be hidden costs and documentation that needs to be figured out. It can get overwhelming and scary.

Your first home is a special purchase. And hence, it can be a lot of pressure to make the right choices. It has to be comfortable for you and your family.

Home is a big buy, especially for the first time. And if you intend on staying there, then many other factors matter too.

Ghatkopar is a great residential area. No doubt.

• It is one of the most well-located areas in Mumbai.
• In terms of travel or commute, you will not face any problem.
• There are many reputable schools, colleges, hospitals, and other such facilities.
• It has many options for entertainment and leisure activities.

So, in terms of Ghatkopar as an area for buying a home, it is absolutely a great idea. It is a perfect location with a good community as well.

And if you are a first-time home buyer looking to purchase an apartment in Ghatkopar, here are a few tips…

Location

We have already established that Ghatkopar is the right choice of the area because of its many advantages.

Within Ghatkopar, prices of real estate may vary. So, look into it when hunting for your home.

Some questions you should ask are:

Are there schools close by? 

How far are the grocery stores? 

How far is the railway station? Etc…

If you travel by local trains, then having the station close-by will be convenient.

Similarly, having stores around would make shopping for groceries easier.

If you have kids who go to school, having schools around would be preferable.

So, depending on your needs, you need to make sure that they are met.

Size of the apartment

Depending on your familial requirements and the number of members in your family, you will need to decide the size of your apartment.

It needs to be comfortable enough for everyone.

If you have guests over often, having an extra room can help.

If you are a newly married couple, a small apartment can be comfortable. But, if you have growing kids, they might need their room.

Things like this should be taken into consideration.

And you should have a vision of the future. It will help you to decide the right size of apartment for your family.

Home loan

Finances are the most important factor in buying a new home.

When you are buying a home for the first time, you will discover a lot of hidden costs associated with the purchase.

Planning finances ahead of time can help you immensely at the time of home purchase.

Getting a home loan might also be a requirement. Your loan amount can depend on various factors.

Some builders might even have tie-ups with certain banks that will help you get a better deal on loans. For instance, at Group Integrated, we have special home loan packages from several banks.

You can visit Home Loans for more information on the same.

Features of the Apartment

The size and location of the apartment suit you. Now, what next?

How is the apartment in itself? Is it well-ventilated? Is it bright enough? Is the neighborhood too noisy?

Having a well-ventilated apartment with plenty of natural light can help you reduce your electricity costs. It will also give a feeling of openness and spaciousness.

If it was pre-owned, how is the condition of the flat? There could be some things you might need to fix.

In the case of a new flat, the condition is always good. So, that factor isn’t to be worried about.

How is the project?

Finally, look into the details of the project and the reputation of the builder. 

Is the project still under construction or is it completed? Is it ready to move in? Is it RERA registered?

If you are planning on moving soon, then projects nearing completion or ready to move in flat in Ghatkopar are what you should be looking at.

You should also be looking into other projects of the builder. This will give you a better idea of what to expect and help you make the decision.

In Conclusion

Buying a home for the first time can be daunting. But with the right resources and help, you can buy a home that is apt for you.

We, at Group Integrated, are here to assist you with your first home purchase.

Integrated Arya is our on-going project at Ghatkopar West.

It is a property that will appreciate over time. So, with a vision for the future, it is a great choice.

Some of its features are:

• Vastu compliant
• Low Maintenance costs
• Good ventilation
• Natural lighting

And more…

To know more, you can contact us at +91-022-25018899

Or visit our website:  www.groupintegrated.com

Home needs to be a place where you wake up each morning feeling inspired and motivated for the day ahead. And then, after a long day’s work, it is a place of utmost comfort. There is no other place that makes one feel as comfortable as home does. No other bed in the world gives you a better night’s sleep than your own.

Your living room is where you make tons of memories with loved ones. You talk about everything and nothing. It is a place where you build relationships.

The kitchen is an inception of all good things. Food connects us. It brings us together.

“Your home is your sanctuary. Take care of this and your life becomes all that you wish it to be.”

You build your home, the way you want to build your life. This is where the role of Home Décor an budget friendly interiors comes into play. A home tells many stories. It tells a lot about the people who live in it, simply by its design.
How welcoming do you want it to be for your family and friends? How inspiring for yourself? How cozy and relaxing?

Everyone wants a gorgeous looking home.

But good home décor is often correlated with luxury and expenses.

This article will brief you on how you can design a home that is budget-friendly and exudes luxury.

First, let’s see what exactly makes good interiors…

Steve Jobs once said, “Design is not just what it looks like and feels like. Design is how it works.”

The biggest purpose of decorating your home is:

• Its functionality – How it adds value to your life and provides you comfort, safety, and use.

But what also matters is:

• That it enriches your life –  It improves your standard of living, it makes your everyday life easier and happier.
• It makes you feel proud – A home is an extremely personal purchase. How you build it and how it makes you feel will dictate how fulfilled you become.

Mumbai is a dream city for every Indian citizen. People from throughout the country come to Mumbai in search of a better job to achieve their dreams and for improving their standard of living. But, it is one of the most expensive cities to reside in India, and owning a place here can get heavy on one’s pockets. But all of Mumbai isn’t all that expensive. So, if you are looking to move to Mumbai and are on a budget, the suburbs are the best option. Some of the Mumbai Suburbs are much more affordable and do not require you to break your bank.

Mumbai Suburbs is an ever-growing real estate hotspot. It has been a booming residential area for years now. The Mumbai Suburban District is one of the most populated areas in the whole of India, proving the demand amongst its’ residents. Many factors play a role in it, like affordability, accessibility to other areas, easy availability of resources, and much more. The Mumbai Suburban District ranges from Bandra to Dahisar, Kurla to Trombay Creek, and Kurla to Mulund.

Where in the Mumbai Suburbs should you buy a property?

There are a lot of factors that need to be taken into consideration when buying a property in Mumbai. This city is notorious for its peak time traffic and congested public transportation. A location with good connectivity will make your daily commute much easier (plus points if it is near the local train station). The cost of a property can greatly vary from one suburb to another. Bandra, for example, is one of the most expensive areas to buy a flat in Mumbai. On the other hand, Mulund offers a much more affordable cost for a property.

Choose an area that is residential and has various amenities like schools, grocery stores, malls, places of worship, etc. close by. This will ensure that your standard of living is maintained, if not elevated. These are the biggest benefits that you can get by living in a city like Mumbai. Places that are too further away from Mumbai might not have as good accessibility to quality facilities and amenities as the city does. These seemingly small things add up to provide great value to life, making it easier and more enjoyable.

The Prince of Suburbs

Mulund is also known as ‘The Prince of Suburbs’, and all for a reason that makes it one of the best places to buy property in Mumbai.

• It has great connectivity with other parts of Mumbai as well as with cities like Thane and Navi Mumbai. With the Eastern Express Highway close by, it offers excellent connectivity. The upcoming Metro stop at Mulund, which is currently under development, will improve the location’s connectivity ten-fold.
• Compared to the rest of the city, Mulund offers a pleasant vibe with its preserved foliage as this suburb foothills Sanjay Gandhi National Park. This greenery is quite evident once you enter the area.
• The suburb presents an exponential infrastructural growth. Malls, schools, colleges, cineplexes, health care facilities, grocery stores – it has it all. By living here, there will be absolutely no need of going through the hassle of traveling far away for an amenity. Entertainment and essential facilities will be at your disposal.
• One of the reasons why it is a great residential area is because of the vast number of places of worship here, making it a great place for families. It is especially known for its Jain Temples that are present all across Mulund. Other than that, there are temples, churches, and Masjids.

On-Going Projects in Mulund

Integrated Kamal, a project by Group Integrated, is one of Mulund’s on-going projects. It is located in Mulund West, a booming area with great affordability. With Eastern Express Highway at a 5-minute drive, Nahur station at a walkable distance of 5 minutes and Mulund station at a 5-minute drive, it is truly an excellent location. As mentioned earlier, the close proximity of your area of residence with a local train station is essential for an easy commute in a city like Mumbai and will definitely save you ample time. Apart from that, it is close to Thane, Powai, Airoli, and Kanjurmarg.

At Group Integrated, our expertise is to provide you a low maintenance advantage for which we partner with nearby clubs and gymkhanas. This way we ensure you have affordable maintenance costs. We focus on designing spaces with plenty of natural light and ventilation so that you can cut electricity costs. Zero Wastage Planning and Intelligent Sizing and Pricing are some other areas of our expertise.

Mulund proves to be an all-rounder locality that is perfect for young professionals, people newly moving to Mumbai, and middle-income families. A perfect apartment in such a location will absolutely enrich your life.

Get in touch with us at Group Integrated for further details.

You can contact us on +91-022-25018899 or visit https://groupintegrated.com/ to know more about our project ‘Integrated Kamal’ at Mulund and other projects.

Ghatkopar – A suburb of Mumbai located at the Central Railway Line. It is an old locality that is well-developed and has the best connectivity, infrastructure and so much more.

In a city like Mumbai, there is a constant need for properties in well-developed areas. Seeing the rapid growth at Ghatkopar has lured many people to reside here because of how ideal it is.

In a nutshell, here’s what is great about Ghatkopar as a residential area:

• Great connectivity
• Developed infrastructure
• Plenty of social amenities
• Near employment hubs

These are some of the major factors that attract home buyers to invest in property in an area like Ghatkopar. It absolutely proves to be the best in terms of a residential area. It has the liveliness of Mumbai, an amazing community, easy accessibility to amenities – truly capturing the essence of an ideal residential area within the city of Mumbai.

Connectivity

From Ghatkopar, you can reach anywhere in the rest of the city in almost no time. Commuting in Mumbai can be grueling. But Ghatkopar’s well-connected railways and roadways are a blessing.

It is well connected to:

• Eastern Express Highway
• Chhatrapati Shivaji Railway Terminus
• International Airport
• Andheri with metro
• Freeway to Bandra
• LBS Marg
• JVLR
• Powai

Its extreme well-connectivity is the most prominent factor that woos Mumbaikars to reside here. Along with the ever-developing infrastructure, commuting only gets better. This is what brings forth the next point, which is its phenomenal infrastructure.

Infrastructure

Ghatkopar metro. It has been praised indefinitely for bettering the connectivity within the city to a great extent. Further, the metro lines 4 and 6, towards Kasarvadavali and Kanjurmarg respectively, are expected to be operational from 2022. This will make commuting even simpler towards Thane and other areas in Mumbai.

As an old suburb of Mumbai, Ghatkopar has seen tremendous development in infrastructure. It is well-connected from all four directions with the Eastern-Western Express highway.

The Central and Harbour Railway lines also play major role in improving connectivity to the rest of the city and even Navi Mumbai.

Proximity to Employment Hub

Ghatkopar is in close proximity to some of the major commercial hubs here in Mumbai.

These commercial centers include:

• Bandra Kurla Complex (BKC)
• Andheri MIDC
• Godrej and Boyce Industry Estate
• Kailas Business Park
• Kenigston SEZ

and more…
It also has great connectivity to other employment hubs throughout Mumbai, Navi Mumbai, and Thane.

Close connectivity to your work makes all the difference! It helps you save time commuting especially in a city like Mumbai. In fact, the metro doesn’t just save you time but also makes commuting more comfortable. The time you save can be spent on enriching activities like family time and pursuing hobbies helping you to improve your lifestyle.

Social Amenities

Ghatkopar has it all – from schools and colleges to malls and eateries, all the amenities required to live an easy and enjoyable life.

The area is home to reputable educational institutions and health care facilities.
There are big malls such as Phoenix Marketcity and R-City making shopping from famous brands and enjoyment very accessible. Besides these, there are numerous shopping outlets at MG Road and Vallah Baug Lane where you can meet your rejuvenation needs.
Finally, Ghatkopar is known for its food joints. With many famous restaurants and food chains, it is a foodie’s heaven.

In Conclusion

The area of Ghatkopar is a well-rounded location that makes it a great residential area. It is an ideal location for families and people moving to Mumbai. Moreover, it captures the true essence of Mumbai as it is well-developed and a good location to stay at. With close proximity to important hubs and simpler commuting facilities, it is the most ideal for people who commute within Mumbai for work.

All of this makes Ghatkopar extremely attractive.

It is attractive for both, home buyers and developers too. It was for us as well.
Integrated Arya is our newest project at Ghatkopar West. With the given location advantage, we also strived to provide features in this project that will enrich one’s life.

Features like:

• Zero Wastage Planning that makes full use of the space without any wastage, specially designed to provide you with maximum space
• Intelligent Sizing and Pricing that provide you with unique unit sizes and structures so that you can meet your budget and needs
• Low Maintenance Advantage to help you save more each month
• Green Spirit focuses on natural lighting and ventilation so that electricity is less consumed, therefore, saving costs

With 35 years of excellence, we have catered to over 2000 happy families with their new homes.
We would love to invite you to our project Integrated Arya and experience it for yourself.
You can contact us at +91-022-25018899
Or chat with us online at https://groupintegrated.com/

Why is Ghatkopar the perfect residential area in Mumbai?

As of today, Ghatkopar is one of the most happening places in the Eastern suburbs of Mumbai. In fact, it is one of the most sought after for shopping, dining, residing and so much more.

It is predominantly a residential area.

Ghatkopar is an evolved area with great infrastructural developments. And it is only evolving more. There are excellent commuting facilities, huge malls that attract people from all across the city, famous eateries, parks, and places of worship. All this makes Ghatkopar an ideal place to live.

There are well-known schools, colleges, other academic institutions, and hospitals. These make it an even more convenient location to stay.

What is most attractive about Ghatkopar is its proximity to major employment hubs. Bandra Kurla Complex, Andheri MIDC, and more are easily accessible. It is centrally located. So, it has amazing connectivity with many other areas. You can travel with ease to different areas in Mumbai, Navi Mumbai, and Thane.

With metro, Eastern Express Highway, central railway, commuting is very easy to and from this Mumbai suburb. This makes Ghatkopar an extremely attractive area for home buyers.

Lesser commuting time is an absolute advantage. In Mumbai, people spend many hours every single day commuting for work. But living in Ghatkopar can help you minimize this commute time. You can instead spend it on enhancing your family and personal life.

Aspects that have the potential to increase property prices:

• Like any other industry, demand and supply is one of the key factors of appreciating housing prices. When there is an increase in demand for properties in a particular area, the price goes up and newer construction can be seen emerging. Ghatkopar West is seeing a lot of new residential construction. This can be related to increased supply because of increased demand.
• Development of the area is another driving force responsible for increased property costs. Development of an area can mean new commercial complexes, shopping malls, or commuting facilities. You will notice an appreciation in the prices with such development. Ghatkopar is an easily accessible area from many major employment hubs. So, it is a preferred option to stay at. Ghatkopar is also seeing rapid development in infrastructure. Metros and already existing infrastructure affects real estate positively.
• Growth in population is indirectly related to all other factors. It plays a big role in influencing property cost in an area. This is why Mumbai real estate is always growing. The Ghatkopar West area is cheaper compared to other nearby suburbs. So, it attracts a lot of buyers. This number is only expected to grow. With more people moving to this area, the price of real estate will likely see an appreciation.

The area of Ghatkopar is divided into two – East and West.

Here’s why you should invest in Ghatkopar West…

Price Range

Mumbai is an expensive city to live in. But the suburbs offer much more affordable housing. The property prices at Ghatkopar West are lower as compared to that of the East. So, it is easier to find properties that can fit in your budget.

Finding a place that works well with your budget and provides features that will help you save can be a plus point.

For instance, at our project, Integrated Arya located at Ghatkopar West, we provide many features that will further make it much more affordable. One such feature is the Low Maintenance Advantage. It will help you save up with low maintenance costs each month. Also, the design of the flats is such that there is plenty of natural light and ventilation. This will help you cut on electricity costs.

Growth Prospects and Returns

As compared to Ghatkopar East, the West is cheaper in terms of property prices. But it shows good returns year after year. The rental market at Ghatkopar West also thrives because of its affordability. It is cheaper when compared to neighboring suburbs like Bandra or Andheri.

Since its comparatively lower price, there is a lot of room for growth. The property cost at Ghatkopar West is expected to increase and year after year, you can see the increment.

In Conclusion

Ghatkopar West is an upcoming and a developing area of the Mumbai suburbs. It is likely to see a boost in the real estate market, as it shows year after year. It is surrounded by important commercial hubs and has great connectivity. This makes it is an attractive location to purchase a property at.

Book Your New Apartment at Ghatkopar West with Integrated Spaces!

Our newest project Integrated Arya is located at Ghatkopar West. Integrated Arya has so much to offer. It is located at a fantastic location, has great connectivity, and much more.

We invite you to visit us and book your home at this ever-evolving location.

To know more,
you can contact us at +91 99303 30300
Or chat with us online at https://groupintegrated.com

The pandemic showed us why invest in renting property or say having multiple streams of income is so important. If something goes wrong with one, you must have a backup. The world is unpredictable and things can go wrong. Many lost their stability during this period, particularly financially.

Passive income is a way of making money by putting in little to no effort to maintain it.

In fact, many millionaires do not rely on a single source of income but rather vary their income by multiple streams.

Investing is a popular choice when it comes to this. The idea is to make your money work for you.

Why Should You Make Passive Income?

“If you don’t find a way to make money while you sleep, you will work until you die.”
– Warren Buffet, an American Investor

Time is money.

And passive income allows you to make money while not putting in as much time to maintain it. Unlike a conventional day job, earning passive income is not proportional to the time and effort invested in that job.

You can use the extra income to become financially free and increase the stability in your life. You can pay off debts faster, increase your standards of living, save money for retirement (or even earn during retirement) and so much more.

Having financial freedom means having enough funds in savings and investments to lead a comfortable life. It allows you to live the kind of life that you desire. In the most basic sense, it means not having to worry about supporting a simple lifestyle and not be overwhelmed by debts and responsibilities. It even prepares you for the uncertainties that might come along.

Passive income can potentially even be turned into a primary source of income, leaving you to work flexibly and make more time for yourself and your family.

Rent As A Passive Income

When it comes to investing, real estate, as is, is a safe, tried, and tested option. It is not very volatile and is predictable. The value of most of the properties eventually and steadily goes up with time, guaranteeing profit, leaving only a few exceptions for the same.

Meanwhile, renting the place can make you steady passive income.

Especially in metropolitan cities like Mumbai, there is a constant need for rental properties. So, purchasing a property to rent it out will always be a good idea. As a landlord, you get consistent monthly income from the tenants through rent.

There are many other ways to earn passive income, but the most profitable, stable, and secure way has to be through rentals. While renting a property, you know for sure how much you are going to make in a month, a year, and so on. And hence, it is reliable and safe. While the rest of the ways to make passive income can be unreliable because you never know for sure how much you will earn that month.

It allows you to manage your finances better as there is stability in the amount that comes in every month.

Mumbai – A Location Where Rental Properties Are Always In Demand

Mumbai is a city of constant buzz. It is the financial capital of India and hence there are people always coming in and going out of it. People from throughout the country come here with hopes and aspirations for a better life.

And their first instinct is never to straight away buy a property, but instead, live in a rented flat first and gain some stability.

Not to mention, renting is also very economical for most people as purchasing a property in a city like Mumbai can be an expensive affair.

Rent inflation in the Mumbai Metropolitan Region (MMR) is also the highest in the country. According to statistics, the average rent in MMR increased by 18% from 2017 to 2018. This was the greatest amount when compared to any other Indian city.

It allows you to manage your finances better as there is stability in the amount that comes in every month.

Things To Consider While Buying A Property For Renting It Out

• Location – A location that has a good residential area with proper connectivity to the rest of the city is more desirable and likely has a higher rent. It preferably should be a convenient location that has essential amenities close by like schools, grocery stores, etc. Such a location in Mumbai barely ever takes time to find a tenant.
• Do The Math – As a landlord, there might be some costs involved with the property like maintenance and taxes that would have to be subtracted from the rental amount. A place that has lower maintenance can be ideal to maximize profits. For instance, at our project, Integrated Arya, in Ghatkopar, we provide a Low Maintenance Advantage to make it economical for all.
• Rent Increase – Generally, the landlord increases the rent each year by 10%. So, if a tenant is leasing your property for years, they will be needed to pay the hike each year. Therefore, finding tenants who want to stay longer, is more profitable.

Start Looking For Your Investment Property!

We at Integrated Spaces, invite you to take a look at our project, Integrated Arya, located at a prime location in Ghatkopar with great connectivity. An ideal place for living and renting.

Visit www.groupintegrated.com for more information.

Or contact us on +91-022-25018899 to get further details.

A prudent look at 3 of the most basic factors that determine you invest in home.

A home, in short, can be defined as where you live.

A home, in depth, can be defined as the lifestyle you live.

It can influence so many aspects of your life. It defines how much time you spend with your family and how you spend it, how healthfully you live, how you spend your weekends and so much more.

What Is Your Ideal Home Like?

A home should be a place that fits exactly to your aspirations and your current circumstances, somewhere you can live in comfort and happiness. The environment of your home allows you to express yourself, your needs, and your wants. A home shapes so much of who you are and what you are. It has an influence over you and your life to a great degree. This is why it is important to select a home that not only fits your current needs but also aligns with your vision of the future and your family’s security. A home shouldn’t be a compromise with your values of spending quality time with your family and loved ones, your cultural needs, or your spatial needs.

It Meets Your Physiological & Psychological Needs

Your residence is a place you make memories with your loved ones and also a place that provides comfort and safety to you. When making such an important purchase, it is bound to seem riskier, especially when there is a big cost involved with it. But because of that, and with a lot of parameters going in, making it a strategic purchase is extremely essential.

Home Is A Strategic Purchase

A strategic purchase requires you to take into consideration a variety of things. As we know, your home isn’t only your address, it is so much more. It requires you to make decisions about a lot of different things for it to be a successful purchase.

We put together a list of features that you should consider looking into while planning your home purchase. At Integrated Spaces, we aim to meet many such needs of numerous residents to deliver you the best experience. We know that home is so much more than just a roof over your head. So invest in home now.

1. Value for Money

The cost of a home is the first and the foremost thing that is considered while buying a property. Many times, the budget is the only aspect of the cost that is taken into consideration. But it is often forgotten that no matter how low or high the cost, a question that we must ask is whether it is value efficient? A perfect home is a place that has ample value to provide for its money. You should get your money’s worth. There might be many properties that fit right in your budget, but do they provide you just as much or even more value? Perhaps lower maintenance that would cut down on future costs?

2. A Fitting Location

How far it is from your workplace, how close the amenities are, and in general how the locality is, would play a big role in the lifestyle you live. Lesser commuting time would mean more time to spend with your family. Accessible amenities would mean an enriching life. A locality whose residents have a similar culture as you do would mean living up to your morals. Small things such as proximity to transportation, daily essentials, etc. add up to provide huge amounts of value to your life.

Integrated Arya, one of our newest projects in Ghatkopar is designed to be a perfect example of this attribute. Besides being centrally located, it is also well-connected to the rest of the city. The location has transportation facilities at an immediate distance. Most importantly, healthcare, schools, shopping and entertainment are very close by, catering to your daily needs.

3. An Apt Space Design

Space requirements are different for everyone. And it even varies throughout one’s lifetime in search of a perfect home. As a bachelor, you might not need as much space. As a new family planning of family expansion, you might think of investing in a place with an extra bedroom. As a retired couple, you might have some different needs, and so on and so forth. Everyone at different stages has different spatial needs. But it’s not just about the area of a home. Is it designed in such a way that it’s comfortable? Referencing to the older point, is it value for money? Are the building and the flat designed to have maximum air ventilation and natural light? A well-ventilated space gives a feeling of openness. It brings in natural air which is a needed factor in packed cities like Mumbai.

For instance, at Integrated Spaces, we have many projects that focus on natural lighting, air ventilation, and Vastu compliance. Not only are well-ventilated and brighter spaces more desirable, but they also help in cutting electricity costs. So planning to invest in home, we are the right choice of Mumbaikar’s.

4. Home Loan Eligibility

Home is a big purchase. While applying for a home loan, you might need to consider a few things like your cibil score, your budget, EMI and down payment. When getting a home loan, the amount may vary depending on a lot of factors like age, income, qualification etc. The loan is sanctioned only after a property is selected and the required documents are registered and submitted.

At Integrated Spaces, we have tied up with multiple banks to provide special offers on home loans. To know more visit https://old.groupintegrated.com/home-loans/

5. Developer’s Reputation

When it comes to buying a property, the developer’s reputation is of utmost importance. One should look into the aspects of how long has the developer been established, what were their delivery timelines against what was committed and so on.

We are proud to be established as one of the top developers in Mumbai for more than the last three and a half decades. We have always aimed at enhancing the lives of people through visionary housing solutions.

Group Integrated Welcomes You To Move Into Your Perfect New Home
There is more to know about it!
You can contact us at +91-022-25018899

Or chat with us online at https://groupintegrated.com/

If you are a Non-resident Indian (NRI), who is contemplating whether or not to buy property in India, do read on.

Why should you buy property in India?

There may be multiple reasons why you, as an NRI, would want to buy a property in India. Be it for investment purposes, for your family, or for a future plan to relocate back into the country. Buying an apartment in your native country can be intimidating. Yet, it can instil a sense of security within you and your family and relatives. Property in India could also mean having a roof over your head that you can call home whenever you come back to your roots.

Along with the sentimental value it holds, India has been projected as one of the fastest developing financial powerhouses. Cities like Mumbai and the suburbs have seen the most rapid growth of housing-related investments since it has a demand in the global real estate market.

Can NRIs buy property in India?

The answer is yes, you can buy property in India. The Reserve Bank of India (RBI), generally allows non-residents to own houses in India if they have a valid Indian passport or Aadhar card. But you must be aware of the legal provisions for ownership of immovable assets within the country. Legally, non-residents of India and people of Indian origin can buy apartments and commercial property in India but cannot buy agricultural plots without permission from RBI.

What are the tax implications and benefits for NRIs on purchasing a property in India?

• A non-resident of India is entitled to all tax benefits related to owning a property as any other Indian is. So, you can claim a deduction of some amount under the law. If vacant, the property can be considered as ‘self-occupied’ and hence you don’t have to pay any taxes on them. However, this rule applies only to one property owned. If you have more than one property, you can declare one as ‘self-occupied’ and the others will be deemed as taxable properties and will be added to your taxable income.
• If you rent out your property, the income obtained from it will be deemed taxable and you will have to file your returns here. You may need to show this income to your residential country and pay taxes there as well unless your residential country has a Double tax Avoidance Agreement (DTAA) with India.
• If you decide to sell your property, you will have to pay Capital Gains Tax which comes under the Income Tax Act.
• There are added advantages for buying a house on loan if you’re an NRI. You can claim more deduction for home loan interest compared to Indian citizens.

What are the key benefits of investing in real estate in a city like Mumbai?

Currently, there has been a vertical rise in Mumbai’s skyline and prices of the real estate market are slightly down. Builders and Developers in Mumbai are offering various lucrative schemes and discounts to buyers and a further reduction in stamp duty has pushed the demand in the market. The real estate builders and giants have zeroed down Mulund and few other suburbs of Mumbai, as the ideal locus for development.

• Mumbai is the financial capital of India, making it a commercial hub with a lot of employment and business opportunities. It has been an ever-growing city, and real estate is one of the big reasons for its growth.
• Return on Investment is the greatest in Mumbai. Especially in certain locations – one of them being Mulund.
• The location is just as important a factor as the area. Since Mumbai has a good commuting system, almost all residential areas and complexes are easily accessible. An ideal apartment would be in a residential area that is near to schools, civic amenities, private and public transportation systems, and commercial hubs.
• If your owned property is in prime localities, it will most likely fetch you good returns because these areas will always be in demand in the future too. And that would ensure that the value of your acquisition will hardly ever decrease, only with a few exceptions.
• Mumbai suburbs, like Mulund, houses great residential areas that have been constantly growing. You can contact us at Group Integrated for further guidance with that.

Why should one invest in Mulund?

There has been a rise in the multi-story towers and residential complexes which have now become the new standard of infrastructure development and housing aesthetics in Mumbai, especially Mulund. These residential complexes are specially designed for people who appreciate the grandeur and lavish ways of living. Mulund is a very posh area. And the realty market in Mulund offers luxurious apartments at affordable rates. Which makes it a good investment strategy.

Living in Mulund provides a holistic living experience for homeowners and buyers alike. It is equipped with facilities and amenities for residents.

Lastly, we would like to invite you to have a look at our projects at Group Integrated so that you can take a leap forward into investments in real estate. We have an ongoing project at Mulund, Mumbai called Integrated Kamal.

You can also contact us on +91-022-25018899 or info@groupintegrated.com

In today’s world, there are a ton of investment options out there, and you might be contemplating which one to invest in. Two of the most popular investment options are Stocks and Real Estate. Both of these come with their own set of pros and cons. It is important to thoroughly study your options and decide which would be the best choice for you at this stage in your life.

Why should you invest?

Investing in stocks, real estate, bonds, etc. allows your wealth to grow over time. It can help you create a retirement fund if you invest much early on. Then, at the time of retirement, your investment would be profitable enough for you to reap its benefits. It can help you reach your financial goals and provide you another source of income and security. This not only leads to living a more practical life but a comfortable one too. Bank savings don’t provide as great of a return as these other investments do. Investing works around the idea of your money working for you. When you invest in something, you are putting your money to work to make you more money. Investing increases your purchasing power and over the long term, helps beat inflation, year after year.

When should you invest?

Investment is a good choice, no matter what stage of your life. But of course, there are some things to consider while investing. It is important to map your financial route. Figure out your goals and the comfort level of the risks you will be willing to take. Take an honest look at your current financial situation and then evaluate what fits you the best at this stage. Once you have a clear idea of all that, then you will be in a position to weigh the pros and cons for yourself. There is no ‘one size fits all’ case when it comes to investing. It all depends on one’s unique circumstances.

Real Estate

Real Estate Investments has been a popular and trusted choice for decades now. It is a much more familiar investment option than stocks for most of the people.

Things to keep in mind while considering real estate investments:

• It is a tangible asset. You can feel and see it. Many experts believe that an investment in a tangible asset provides a lower risk factor than an investment in an intangible asset.
• You can use it for personal use. Unlike stocks, you can make use of this investment. It can serve you and your family important functions.
• Renting the property that you buy, provides a steady source of income. So, you don’t have to wait long term for this investment to start making you money.
• A property in a prime location will most probably fetch you good returns. A prime location will always be in demand. The value of such a property hardly ever decreases in the long term, making only a few exceptions.
• Consider the location at which you could purchase a property. An apartment in a residential area that has easy access to stores, schools, railway systems, and other cities would be an ideal location. For example, Mumbai suburbs like Mulund is a great residential location and a place that is only growing. You can get in touch with us at Group Integrated for further guidance.
• It involves putting in some time and effort like for maintenance purposes but overall is a safe investment.

Make sure you are clear about what you want to do with the property and what your budget is. Whether you plan on using it or renting it out, will play a significant role in giving you an idea of where to invest.

Stocks

Unlike savings, investing in stocks can be an intimidating process. It requires a lot of research and mindful control. It can get difficult to determine whether or not a stock is going to rise or fall, especially for beginners.

Things to keep in mind while considering to invest in stocks:

• As in the case of any investment, it is necessary to evaluate your current financial status to get an idea of your investment capabilities. The good thing about stocks is that you can start by investing a little amount of money depending on your comfort levels.
• You will need to develop an emergency fund before investing. This is important because of the volatile and unpredictable nature of the stock market. When compared to real estate, stock prices are highly unpredictable.
• Stocks are a liquid investment. So, you can convert these to cash almost instantly. During an emergency, these liquid assets can be convenient. Although, it might get detrimental when the market is down.
• A lot of time is spent on studying stocks. Investing in stocks requires trial and error and ample time goes into figuring it out. Before investing, you’ll need to thoroughly research different companies. You will also need to keep track of the market. This can be extremely time consuming and stressful.
• It is required for you to not be emotional about the stocks you invest in. The stock market keeps fluctuating and taking decisions related to stocks hastily is a common mistake and can cost you.

Stocks vs Real Estate

As quoted by one of the most influential financial authors of the book ‘Rich Dad Poor Dad’, Robert Kiyosaki, “Real Estate investing, even on a very small scale, remains a tried and true means of building an individual’s cash flow and wealth.”

Real estate investments will always be a safer bet. It is easy to understand, and as mentioned earlier, has been a popular investment choice for many years, all for a reason. The uncertainty with real estate as compared to stocks is much lower, making it a trusted option.

We would like to invite you to take a look at our projects at Group Integrated so that you can take your leap into real estate investments. We have an on-going project at Mulund, Mumbai called Integrated Kamal. You can contact us on +91-022-25018899 or visit us on www.groupintegrated.com

Due to COVID-19, a lot of people throughout the country have been laid off from their jobs and some have experienced major salary cuts. It has affected all different sectors and real estate wasn’t any different. As a result of which, the sale of property in the Mumbai Metropolitan Region had dropped in the first quarter of this financial year. It was being debated whether or not it is the right time to buy a property.

People were pushed to stay indoors and having a comfortable home became very important. But they faced an inability to purchase houses because of circumstantial reasons.

We have also witnessed landlords asking their tenants to vacate their property which led to people inclining towards buying one of their own.

Reduction in Stamp Duty