Friday, October 21, 2011

Residential Properties in Parel

If you are looking at options to make a substantial investment in the city’s growing real estate sector, your number one choice should be to consider residential properties in Parel. Part of the commercial and economic centre, this locale of the city is a surefire goldmine for property investment. Any real estate venture in Parel, regardless of size or structure is bound to appreciate quite a bit in value and worth in the years to come, making the vicinity an excellent selection for investors of all segments.

Even though, Parel was once home to the middle class and lower middle class, who primarily worked in the area’s mills, today not many can afford to buy a decent sized property in this part of the city. With Mumbai growing leaps and bounds each year and holding its ground as one of the costliest places in Asia as far as real estate goes, it is no wonder that most developers who have invested in construction activities in Parel are targeting the upper middle class and affluent class segments of the market.

New projects that can be seen here are all high-rises aiming to touch the sky. These buildings have changed the look and feel of the commercial hub, making it emerge as a classy residential area as well. Subsequently, some of the leading developers of the city have ongoing residential projects in the area. These complexes look a world apart from the ones that have been built a decade ago or so, in terms of style, amenities, structure and design as well. Upcoming or ongoing residential projects throughout the city today have a contemporary air about them. A majority of them are designed or styled by international specialists that give them a touch of a state of the art chic feel. These properties are not just made and sold at a premium as per their space and location, but are made intelligently to better the standard and quality of living of the occupant. Such projects are equipped with all modern day amenities and facilities.

Residential projects in Parel also have other benefits, besides the great returns the investment guarantees. One of the major advantages that the business residents see in this area is the pride of address. Another benefit is that while you are close to your workplace and business centre, there are a number of reputed schools and colleges in the vicinity for your children. Parel has always been a centre for commercial activity, and with such beautiful options for housing available for businessmen and executives, you don’t have to look any further to put your hard earned cash to good use. Also, if you do not wish to live in the flat, you can lease or rent the place out and earn a parallel income.

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Friday, October 14, 2011

Best Residential Projects in BKC

The emergence of the Bandra Kurla Complex has somewhat changed the look of this area in the heart of Mumbai, not to mention the increase in demand for housing complexes it has created in the past few years. In view of the fact that this part of the city houses commercial giants like ICICI Bank, CMC, Reliance, NSE, Citibank, NABARD, IL & FS, Asian Heart, Bharat Diamond Bourse, and the technology park for some of the biggest IT companies, it does not come as a surprise that the best residential projects in BKC are built keeping the white collar executive segment of the workforce in mind.

There are a number of celebrated developers of the city that have new, ongoing or upcoming residential construction activity in progress in many parts of the BKC. A majority of these projects include state of the art amenities like gymnasiums, club houses, large play areas, gardens, multiple elevators, ample parking for residents as well as visitors, etc. The leading developers and builders in Mumbai are now concentrating on coming up with projects that have an edge over the competition. And this is not about selling the properties and flats as the demand for housing space is high; it is about providing the investor his money’s worth, creating something that is exclusive and unique, building a trusting relationship and in turn brand loyalty for the investor, and keeping the reputation of the company intact in the market.

Today, developers are investing in foreign talent for designing the projects, employing some of the top interior designers of the country to make project sustainable and feasible for the consumer, putting in extra efforts to make the projects eco-friendly, etc. With over 400000 people traveling to and fro from Bandra Kurla Complex daily for work, the vicinity still prides itself on being one of the few areas in the city with high quality amenities, great infrastructure, and beautifully designed buildings. A part of the credit for this goes straight to the MMRDA, which has taken crucial steps to develop BKC as a business hub, equipped with all the facilities and civil infrastructure needed for convenient living and transportation.

In addition to having some of the top companies, BKC also abodes one of the best exhibition venues of the city, Mahim National Park, well-known hospitals, restaurants, hotels, international schools, Mumbai Cricket Association’s cricket club, among others. And now with the development of best residential projects in BKC, investors who are looking to buy a home in or near Bandra Kurla Complex to live close to their office or work can stop their hunt. Plus, both capital as well as rental values here are sure to see good appreciation rates; an investment here is a wise decision.

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