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How Technology Is Changing the Real Estate Industry?

People now have 2 different lives that they are living simultaneously 1 being the real-life and the other being the virtual life. The virtual realm has become a completely different entity and can help you find almost anything you can imagine. People are lazy and the idea of not leaving their house to get stuff for which they would have to visit a physical store is appealing. Nobody can be against the internet which is going to be the future for all businesses. This has seen a mass migration of businesses towards the internet because early adopters will be able to survive this shift. Real estate builders in Mumbai are also rushing towards the digital platform to tap into the complete potential of the internet. Mumbai has been the golden child when it comes to real estate. Real estate developers in Mumbai are aware of the profits they can achieve if they go digital.

During this pandemic, the movement towards digital space has only increased because people are now spending more time than ever on the internet. Real estate Company in Mumbai is now using the digital platform to advertise their projects to people online. Digital space is the saving grace that every real estate developer in Mumbai was wishing to save their business during a pandemic. The biggest question now is how new Mumbai projects have digitized the real estate experience and what further improvements can you see. Maybe soon, you wouldn’t even need to step out of your house and do everything from house tour to buying the house online. Let us have a look at the effects technology is going to have on real estate builders in Mumbai.

1. The process of buying a house will be lightning fast.

Real estate builders in Mumbai understand that every extra minute spent dealing with a house is equal to the minute they could be selling someone else a house. People don’t even need to step out of the house to buy essentials now everything can be delivered to you. Real estate Company in Mumbai who is on the internet has reported an increase in leads for their listings since their move towards the internet. Both buyers and sellers are extremely happy conducting their business online. Both buyers and sellers save a lot of time, buyers shortlist the property they are interested in an instant and the seller can contact them immediately once they know about their interest. The Internet is much faster compared to the method of spreading the word around through agents.

2. Staying in the comfort of your home.

For an anti-social being like myself staying at home is the epitome of luxury and if I want to buy house real estate developers in Mumbai on the internet have me covered.  How easy is it to sort or filter things when you buy your next property? Sort it from your location, income, preference, requirements, and that too from the comfort of your homes. These tools on the internet website of developers have transformed the way we used to find properties. The Internet opens up a floodgate of choice for buyers to pick from and not act under peer pressure.

3. Less chance of buyers being fooled.

Many times people have reported that different prices were quoted to different buyers for the same property which feels shady. On the internet, this practice is not possible because the prices being quoted will be the same for everyone. This is especially beneficial for new real estate builders in Mumbai to have a fair competition. This is also helping the buyers to better understand the fair prices of the property and invest in the new Thane property project accordingly.

4. Use of Virtual reality to sell real estate.

Previously we could only check out the photos of a property which would not give a fair view of the house. Lately, many real estate developers in Mumbai have integrated virtual reality tours on their websites which a person can access at their home. Today people can take a virtual tour of the house before buying, can virtually set up their home and see the final layout, and much more. Virtual reality helps you better understand the layout of the house.

5. Quicker replies to queries by people interested to buy property from you.

Real estate companies in Mumbai can benefit from quick responses to basic queries with the help of chatbots. This is a feature that has gained a lot of popularity in recent years and is now favoured by developers. You can now easily check the availability of a property or the pricing of a project with the click of a button, whether you are an NRI planning to invest in real estate or a first time home buyer.

There are many more reasons why real estate developers in Mumbai should look forward to integrating digital trends in their business and marketing strategies. The digital space is the biggest blessing to the real estate market that real estate builders in Mumbai should take advantage of before it gets too competitive.

Points To Consider When Buying a Residential Property in Goregaon

If you are given a large amount of cash and asked to spend the money in one day most people would go out and buy a house because buying a house is an expensive affair. So when you are out buying a residential property in Goregaon you need to look carefully at the decision of you buying a house. Goregaon is a goldmine when it comes to real estate. There have been new residential projects in Goregaon coming up around every corner in the suburb. Many luxury residential projects in Goregaon have also shown up in the suburb due to the demands of the consumers for such properties. With such a wide array of choices let us look at points that you need to look for when buying a residential property in Goregaon.

1. Understand your financial situation.

Sounds like a piece of generic advice before you make any purchase but this advice can save you from a life of debt. Before buying a house make sure that you understand your financial situation and are not impulsively buying a house because you don’t like it where you are living (experience). You will be in a world of trouble if you don’t understand the financial situation you are in. make sure you have enough savings left even after the down payment of the residential property in Goregaon you want to buy. Many times your budget will truly make you understand what you need out of your purchase, which neatly brings us to our next point.

2. Understand your needs.

No person is made of money and if given the chance they will look for ways to save money. We aren’t telling you to be a miser when it comes to spending money on your flat, we are just advising you to be smarter. Your biggest savior from financial difficulties would be your self-control. While we understand that buying a house in a luxury residential project in Goregaon is tempting but is it necessary? Look for a house that will have all the space properly utilized by you rather than a palace that will have almost 80% of the real estate that you pay for unused. So how do you finance the house once you know what residential property in Goregaon you should invest in?

3. Look around the market for banks that are giving you a good interest rate.

Now that you know your needs and are very much excited to finally jump out and buy a residential property in Goregaon but wait there are more things that you need to take care of. You will need to take out a loan if you want to buy a house in a new residential project in Goregaon.  This is where you would want to be careful. Look for a bank that is offering you the lowest interest rate that you have to pay. You would be surprised at how even subtraction can help you save a fortune by the time you are done paying back your loan. While we are talking about saving fortune are you also interested in making one?

4. Research your real estate company that built the project in Goregaon.

Did you know that the real estate market also has brands and functions the same way you would expect a fashion brand would function? Invest your money in branded new residential projects in Goregaon if you have to invest your money. The time comes for every property to be sold to the next family. When the time comes for you to sell your property to the next family, owning a house in a branded project will help you get a higher rate than the market. Brands are always in demand so take advantage of that.

Other than these points you can hire a lawyer to look at the paper works carefully to make sure that the builders aren’t being sneaky by adding some bad clauses into a huge pile-up of paperwork. Follow these tips and you will be set to buy a house in Goregaon. 

Tips to be Successful In Real Estate Investment

Every human dream of buying a dream home, it might even be the biggest investment they make in their lives. For the amount of money they are going to spend buying the house they need to know everything possible for them to have a successful transaction. But every investment in life needs to have a profit or else it’s not a good investment. So if you have been looking to invest your money by buying a residential property in Goregaon or some other big suburb of the city you might want to read the tips below.

1. Always check the background of your real estate Company in Mumbai off whom you are buying the property.

Gone are the days when anyone could build a brick and mortar structure and call themselves one of the most reputed real estate builders in Mumbai. Real estate developers in Mumbai have created a brand using their name. They have risen to brand status because they keep churning out good quality products. Now when they are known as a brand their name also adds value to the property. This means the name will hold its value even when you decide to resell the house to someone else. You get a big boost in your investment just by investing money with real estate companies in Mumbai that is considered a brand.

2. The locality also plays a huge role in determining your return on investments.

What part of the city you buy your house is also important when it comes to investing your money in real estate. Just like builders’ names a locality has a reputation it carries. Posh localities which are well planned will cost a lot more than houses that are in back alleys and shady parts of the city. We suggest that you buy a residential property in Goregaon as it is one of the best places where you can invest your money. The locality is well planned with a lot of posh localities within the suburb. You should look at the demand and the reputation of the area before you invest your money in real estate.

3. Keep yourself updated with upcoming infrastructure.

The third biggest contributor that helps raise demand while also adding value to the property is the infrastructure that is around the property or is about to go under construction. Prices of residential property in Goregaon and other suburbs along the western express highway have seen a boost in their prices since the metro went under construction because the demand grew for houses around these areas. Before you purchase the house look into what upcoming infrastructure is promised by the real estate developer in Mumbai and the government while also looking for already existing infrastructures.

4. This one is for your financial situation.

Before you set out to buy your dream house make sure you haven’t done any big purchase for which you borrowed money from the bank for at least a year before when you plan to invest in real estate. Make sure your debt is paid and are ready like atlas to take the huge financial burden on your shoulder that will stick with you for at least 10 years from the day you take it. Understand your financial position to make sure that you have enough savings even after you pay the down payment for the flat. Beware of banks that charge high-interest rates. If you even save 0.05% in the interest your saving would be in lakhs by the time you are done paying for the house.

Follow these very basic steps to make sure that your real estate investment is fruitful.

Impact of COVID-19 on the Real Estate Sector

Due to the ongoing pandemic called COVID-19 the economy worldwide has taken a hit. Even India has not been spared by the wrath of this pandemic. Every sector has seen the impact of this pandemic. The real estate sector which is one of the biggest contributors to the Indian economy has also taken a massive hit. It would be an understatement to say real estate builders in Mumbai are struggling at the moment. If real estate developers in Mumbai who are thought to be cream of the crop are struggling you can guess what the market is like for the rest of the real estate. Let us see what impact COVID-19 has had on different sectors of the real estate market.

1. Impact on the housing market.

2020 was expected to be the year that the industry was expected to bounce back and recover but due to the ongoing pandemic, the recovery has been halted even after new initiatives that were launched by the government to encourage people to buy a property. There are a few anomalies though. Residential property in Goregaon still is in high demand and has seen the market remain steady for them. Due to pandemic lockdown, the construction of new projects has come to a complete halt. With everything being shut it is easy to understand why we cannot expect the revival of the real estate industry this year.

2. Impact on homebuyers.

People just before the start of the lockdown were tempted to buy houses because of the tax rebate and other offers that were given by the government to home buyers. With property seekers unwilling or unable to undertake site visits, this could result in the postponing of purchase decisions. House buyers are also not sure about the security of their job and have postponed the plans of buying the house to a later date when they are sure that their job is secured. The majority of people have put aside their house-buying plans for at least the next six months until the market has a chance to open up again.

3. Impact on real estate builders in Mumbai.

Real estate developers in Mumbai were holding onto unsold stock worth rupees 6 lakh crores according to data from various developers. The import of raw construction materials has been delayed and the construction activities have come to a complete halt due to lockdown. However, the government sympathizes with the developers and has come up with many plans for the real estate company in Mumbai to survive. The government is offering a lucrative stimulus package and is also giving people an EMI holiday during which the developers need to just pay the interest.

4. Impact on the commercial market.

Companies worldwide have announced remote working for employees to contain the virus spread, triggering a debate if work-from-home could replace office spaces in the future. There are chances of companies giving up on office spaces entirely. Whether it happens or not the predictions seem to be gloomy. If corporations truly adopt work from home ideology the commercial real estate can see a big dip in their revenue soon. There have already been offices that are giving up on the idea of office space and have decided to make work from home the centre of their functioning. It is expected to see a slowdown in growth momentum that the commercial real estate market had.

It is also important to note that even though you might see some decrease in prices the prices won’t be lowered significantly as the cost of building the project will increase significantly. COVID-19 has affected the real estate market but like a phoenix, it will rise again as soon as we move on from this pandemic.

Goregaon - Promising Investment Opportunity

Goregaon, a suburb in Mumbai has become a hotspot for people who are looking to buy a house in the city. With new residential projects in Goregaon being developed every day to satiate the demand from people, it is easy to judge the amount of growth the suburb is noticing. It is no longer a haven for only the middle class but also home for luxury residential projects in Goregaon. The presence of these luxury residential projects in Goregaon tells you that the locality has caught the attention of influential people as well. People have been rushing to invest their money in residential property in Goregaon. But what makes Goregaon so appealing to home buyers and real estate investors? Read on to find out.

1. Goregaon is well connected.

One of the biggest local railway stations in Mumbai is at Goregaon. For people whose jobs are in the harbor line of Mumbai, they can buy a residential property in Goregaon because the local railway station also acts as a hub for harbor line trains. Even via road, Goregaon has excellent connectivity to south Bombay via the western express highway. Goregaon also has plenty of busses that go around to the far end of the city giving the people who invest in new residential projects in Goregaon an excellent commute. Goregaon is placed in the middle of 2 big roadways i.e. Jogeshwari- Vikhroli link road and western express highway and SV road also run through Goregaon which gives it excellent connectivity to most of the city.

2. Perfect location for almost everyone.

Goregaon being right in the middle of 2 big suburbs of Mumbai i.e Andheri and Borivali makes the appeal of buying a residential property in Goregaon even more lucrative. Goregaon is relatively close to major commercial areas of Mumbai like Andheri BKC and Bandra giving people an opportunity to stay close while also having a good lifestyle if they invest in luxury residential projects in Goregaon. Goregaon is also home to huge multinational companies. This is also the reason why you can see an increase in the number of luxury residential projects in Goregaon.

3. A suburb is only as good as its amenities.

There are many malls scattered all around the suburb. Some of the malls in Goregaon are the best malls in the whole of Mumbai. You can even find multiplexes and the best brands from around the world in these malls. You don’t even need to worry during emergencies because Goregaon has some of the best hospitals on offer in the city for your safety which makes buying a residential property in Goregaon even more sensible. If you have a family you don’t need to worry about educational institutions for your child to go to. Goregaon has the best schools and colleges in the boundaries of its suburb.

4.  The commercial advantage.

Goregaon is not just a residential market but is a hybrid market because of the prominent presence of commercial real estate in the suburb. This helps both commercial and residential property investors to get properties at a reasonable price. Goregaon also has a film city and this is a big draw for people. The presence of film city is also the reason behind the surge in demand for luxury residential projects in Goregaon. The prices of the real estate remained stable while the whole city saw a drop in demand and prices.

Goregaon is set to become a prime location in Mumbai. Some might argue Goregaon already is a prime location in Mumbai. As an investor, you cannot miss the opportunity to invest your money in Goregaon so that you can get maximum profits on your investment.

Why Goregaon Is One of the Preferred Localities around Mumbai

When buying a home, the locality where you buy the property also plays a big role in having a positive experience. If you are working in a city and have been renting flats around the city when the time comes to buy a flat, buying a flat in the city is a no brainer. But where in the city should you be buying a flat? Goregaon has become the go-to locality where people want to reside. Builders in Mumbai have taken notice and have come up with many new residential projects in Goregaon. But what is driving people to purchase residential property in Goregaon? Let us have a look.

1. Ease of commute.

Goregaon acts like a hub or transportation in the city. Goregaon is well connected to Mumbai through the western express highway and the railway station is a hub through which both western and central lines run through. Having both central and western lines run through your station means you are very well connected to most of Mumbai. If you buy a house in residential projects in Mumbai you wouldn’t get the all-round experience you would get when you buy a residential property in Goregaon.

2.  Basic amenities.

Irregular supply of electricity in Mumbai is a thing of the past in Mumbai, however, Mumbai has always suffered from water shortages. You would be happy to learn that Goregaon gets a 24-hour water supply from the municipality. Water is a basic necessity for every human to survive and the municipality in Mumbai supplies Goregaon with abundant water to have a 24-hour water supply. Having clean water on demand is one of the biggest reasons behind Goregaon’s popularity. Buying a residential property in Goregaon guarantees that you have the basic amenities available to you to make the home-owning experience bliss.

3.  Locality.

Goregaon is one of the safest localities in Mumbai. The locality is not just safe but also posh. New residential projects in Goregaon are mostly luxurious. The construction of luxury residential projects in Mumbai is most noticeable in Goregaon. This new residential project has changed the face of Goregaon and has made the locality become one of the poshest destinations in the city. Goregaon has well-developed roads that are potholes free. And the feel of the whole locality has changed considerably. Goregaon looks like a well-planned locality. Residential property in Goregaon could finally be the dream home you were looking for.

4.  Amenities.

Having basic amenities is the least that you would need for survival but having amenities that help your living experience in a certain area is very important. Goregaon houses some of the best hospitals in the city and has plenty of reputed schools where your child could gain an education. Goregaon also has malls that house various global brands and other social spots where people could go and socialize. Owning residential property in Goregaon will also help you have one of the most happening nightlife that the city has to offer. The locality also has plenty of eateries on offer that makes the home-owning experience better.

5.  Prices.

It all boils down to the money, doesn’t it? New residential projects in Goregaon cost significantly lower than anywhere around the city. You could enjoy lower prices if you go out of the city. Property prices in Goregaon are as low as it will get in the city. For the price, you pay you to get the full experience of living in the city and much more. The price you would pay for a luxury residential property in Thane is significantly lower than property prices in other posh areas of the city.

All these reasons have made Goregaon an attractive place for people around Mumbai to buy a house. 

The Key to Your Dream Home in Mumbai

July 29, 2020 | Uncategorized | No Comments

The Key to Your Dream Home in Mumbai

Everyone dreams about owning their dream house. More often than not people prefer their dream home to be located in the city to save them the hassle of commuting to and from work. However, most of us also imagine our dream house to be luxurious which comes with every imaginable amenity attached to it. So if you have been looking for a luxury apartment in Mumbai you should look for a residential property in Goregaon. There are plenty of new residential projects in Goregaon on offer. But how do you get around buying residential property in Goregaon?

You rarely stumble upon affordable housing spaces in Mumbai, but there are plenty of affordable luxury homes in Goregaon on offer. There are affordable luxury homes in Goregaon that could help you fulfil your dream of owning your dream home. Buying a residential property in Goregaon allows you to be connected to the city and also live a peaceful quiet lifestyle. The homes that are on offer in the locality are luxurious and will give you the feel of living in grandeur. Purchasing a residential property in Goregaon guarantees that you get the best roads and lower traffic than the rest of the city which makes the commute a breeze.

Goregaon also enjoys other amenities that people look around their dream houses. Goregaon has many reputed schools, some of the best hospitals in the city, and a market that is accessible by most of the locality. The roads are wide which makes the area navigation a breeze. There are also plenty of eateries and clubs in the area which makes the nightlife of the locality happening. There are also cinemas and malls in the area that offer good recreational space. How do you go around buying a house in Goregaon? Let us have a look.

You would need to find a reputed builder that has plenty of experience constructing affordable luxury homes in Goregaon.  Investing your money with a reputed builder means you would be getting what you were promised on the paper. Buying a residential property in Goregaon from a reputed builder helps you be worry-free about the delivery and other legal aspects related to buying a house. A reputed builder would also help you with your loan process. Most reputed builders have connections in reputed banks that help the buyers get approved for a loan much easier. This is good news if you have been looking to get approved for a loan to buy a residential property in Goregaon.

Don’t forget to negotiate this could also save you money and help you own your dream home. Usually, you can negotiate on the price of the flats in new residential projects in Goregaon. When you negotiate the prices you get yourself a chance to own an affordable luxury home in Goregaon. You would be surprised to know how much you could save by negotiating on the property prices. After all, everybody loves to save some money on their purchases.

One of the best ways that you could ensure that you get your dream house hassle-free is to check if the builder has registered the project in RERA. New residential projects in Goregaon mandatorily need to be registered with RERA. RERA has given the buyers a stronger hold in the property buying process. RERA holds the builders accountable for any mistake that would be done on their part. This also helps you safeguard the money you worked hard for and ensure that the money remains safe.

We have given you the location and what you should seek out in a property that could help the process of you owning a residential property in Goregaon so much easier! 

Goregaon - Upcoming Residential Hub in Mumbai

Investing in real estate is one of the biggest investments a man makes in their lifetime. To make the investment bear fruits in real estate, where you buy the property will also greatly determine the return you get when you plan to move out. Every locality in the city would not fetch you the same prices. Posh and more developed localities fetch a higher price than investing in the underbelly of the city. So if you have been looking to invest in real estate in Mumbai, investing in residential property in Goregaon would be your best bet. There are plenty of new Residential Projects in Goregaon that you could pick from. But why should you invest in the Luxury Residential Projects in Goregaon? Let us see some reasons.

1. Transportation.

When you buy a house the biggest concern you might have is how you will commute to and from work daily? You must throw that worry out of the window because; buying a residential property in Goregaon means you are well connected with most of the city. Goregaon is a hub for both western and central railways which means you would catch trains running to the whole city from Goregaon. Luxury Residential Projects in Goregaon are also present around the western express high for you to be well connected to the city. Other roads run through Goregaon that makes the commute to the city a breeze.

2. Locality.

You wouldn’t need to worry about your safety if you buy a residential property in Goregaon. Goregaon has been deemed to be one of the safest localities in Mumbai which means you wouldn’t need to worry about your safety. Other than safety, Luxury Residential Projects in Goregaon have changed the face of Goregaon. These new Residential Projects in Goregaon make the locality look well-planned in comparison to other localities in the city. Even the roads in the locality are well built giving the whole area a very posh feel. Buying a residential property here as an investment could prove fruitful because the demand is increasing for the properties in the area.

3. Amenities.

Let’s look at the basic amenities first. Goregaon enjoys an uninterrupted electricity supply to the locality with no power outages. Mumbai has had a bad reputation when it comes to the water supply because of the shortages it faces during summer. You would be happy to know that Goregaon receives 24-hour water supply from the municipality in Mumbai. This makes living in Goregaon very easy.

Goregaon other than basic amenities has excellent miscellaneous amenities as well which help the living experience in the locality blissful. If you buy a residential property in Goregaon you get some of the best hospitals in the city and most reputed schools in the city. Goregaon has access to branches of every bank you could imagine. Goregaon is not just a residential hub but also a commercial hub. Goregaon is also home to Bollywood, it means Goregaon houses film city. Just the existence of film city is making the demand for new Residential Projects in Goregaon increase. There are plenty of theatres and malls that you could visit and the locality also has many social spaces where you could socialize with your friends.

4. Prices.

Despite all the advantages that Goregaon has, owning a residential property in Goregaon is an affordable affair when you compare it to other parts of the city. Luxury Residential Projects in Goregaon are priced at a reasonable rate so that you could still afford to buy a house in these projects. Buying a house in Goregaon is still cheaper than many lesser developed localities in the city. Also if you are investing money in the property; the rates are set to only go up due to an increase in demand which would guarantee your investment would be fruitful. 

Discover the World of Luxury with IM Buildcon

If you have been browsing the real estate market to find yourself a luxury apartment that will be your dream home, you don’t need to look anymore. IM Buildcon is stepping up to become the biggest real estate developer in Mumbai. IM Buildcon has many luxury residential projects in Goregaon which is a reputed locality in the city. Real estate builders in Mumbai have recognized IM Buildcon as one of the forerunners in the real estate business. The real estate market is changing and IM Buildcon is at the center of it. IM Buildcon has more residential projects in Mumbai in the making and nothing is going to stop this real estate company in Mumbai.

Today a luxury home is considered to be the lifestyle statement and a status symbol among influential people. Gone are the days where just owning a moderately sized flat would have had a great impact on your social status. People are increasingly looking for luxury houses and with the increase in the number of people who have high net worth the real estate market has changed in India drastically to accommodate this new demographic and the effects of the change can be witnessed in Mumbai as well. There are plenty of residential projects in Mumbai that are under construction and Goregaon is stepping up to become the forerunner in the luxury market. As a result luxury residential projects in Goregaon have been in high demand.

India has seen an increase in the population of people who travel to other countries often, whether it is for earning or settling there. These Non Resident Indians (NRIs) have become very accustomed to the standard of living that you expect to find in those countries. So when they are looking to buy a property in India they look for those comforts. NRIs invest a lot in the real estate market in India and they usually buy from these luxury sectors. Luxury residential projects in Goregaon have garnered interest by the NRIs now. IM Buildcon is the forerunner in the developing luxury residential projects in Goregaon.

Another aspect associated with luxury apartments is the brand. IM Buildcon is not just a real estate company in Mumbai but a brand that helps you get the complete feeling of luxury. Luxury brand housing is a trend that can be noticed in all fast-growing cities like Mumbai and Delhi and you can notice this trend in Goregaon the best. You can also see a rise in the construction of themed villas. Themed housing has become the new rave among house buyers. Themed housing provides you with a chance to satisfy the demand of the exquisite taste that you might have developed. These housings revolve along a theme as the name suggests and the area surrounding the residence and residence itself carries that theme. Residential projects in Mumbai are changing the way developers used to develop projects due to the change in the market.

The concept of the smart home is increasingly becoming popular due to technological advancements we as humans have made. Smart homes also will see incredible growth in the market owing to the technological advancements and convenience they provide. Smart homes provide security and peace of mind that one so badly wants. The demand for luxury property ever-increasing luxury properties is also attracting people from the middle-income group. Real estate developers in Mumbai are aware of the demands and are working to meet the demands of the consumers. The growth in the Indian economy has led to an increase in such niche demands. And IM Buildcon, a real estate company in Mumbai, is ready to step up to the challenge.

IM Buildcon has been developing luxury residential projects in Mumbai and you could experience the luxury as well.