Property Price Trends in Thane 2023

 

Investors and end-users alike may get insight into the trajectory of the Thane real estate market by monitoring recent price changes in the area’s affluent western part. It’s necessary to comprehend these pricing patterns for Thane West homes so that investors and prospective buyers can decide the best time to purchase or sell. Price trends suggest it is now lucrative to acquire real estate in Thane West and sell it there.

Some of the pricing trends in West Thane are shown here.

Pawar Nagar:
The price per square foot range in Pawar Nagar is between Rs. 5,000 to Rs. 47,037, with the average price per square foot being Rs. 15,252. The most well-liked residence in this complex is Star Living, a 72-story mega-project that showcases fluid, cutting-edge architecture. Other well-liked apartment buildings are Rozanne by Courtyard, Asteria by Courtyard, Tata Serein Phase 1, Narang Realty and Wadhwa Group Courtyard, and more.

Panch Pakhadi:
Panch Pakhadi’s average price per square foot is Rs. 15,252, with a price per square foot range of Rs. 5,483 to Rs. 32,000. The most well-known flats in this area are Puraniks Unicorn Phase 1, Pushpak Larkins 315 Fio A, Pushpak Larkins 315 Fio A, and Lakhani Empire Towers.

Pokharan Road:
Among Thane’s most well-known neighbourhoods is Pokharan Road. The price per square foot in this area ranges from Rs. 9,500 to Rs. 26,968, with an average price per square foot of Rs. 15,013. The two most well-known in this region are Shapoorji Pallonji Northern Lights and Shapoorji Pallonji Skyraa, with Skyraa built over a whopping 1.46 acres.

Naupada:
Naupada’s average price per square foot is Rs. 16,990, with a per-square-foot price range of Rs. 4,722 to Rs. 29,610. The most popular property in this neighbourhood is Shree Krupa Nandanvan Homes Building B, Pride Dream Giriraj Dreams, JVM CornerStone, and several more noteworthy constructions.

Laxmi Nagar:
The average cost per square foot for this well-liked area in West Thane is Rs. 15,421. A pricing range of Rs. 8,582 to Rs. 29,036 per square foot is also available. Sheth Corp. Zuri and Sheth Avalon are two of the most noteworthy and captivating developments in this area.

Louis Wadi:
In Louis Wadi, the price per square foot ranges from Rs. 3,245 to Rs. 26,153, with an average price of Rs. 14,542. The 5-BHK villa Gautam Parag, Homes Accolade CHS, and Deep Homes and Constructions Mumbai Auralis The Twins are well-known developments in this area.

Patil Nagar:
The price per square foot in Patil Nagar ranges from Rs. 5,714 to Rs. 22,000, with an average price per square foot of Rs. 14,437.

Conclusion -

Because of its convenient location, Thane West is home to a wide variety of entertainment, shopping, dining, and cultural opportunities. Both Shapoorji Pallonji Northern Lights and Shapoorji Pallonji Skyraa provide residences that will feel like you’re living in the clouds. Both are situated in one of Thane’s most sought-after residential areas.

https://shapoorjirealestate.com/residential/skyraa/

The Northern Lights on Pokharan Road offers 2 BHK apartments with a good view of the west and a built-up area of 730 square feet at an average price of Rs. 22.60 per square foot. The Skyraa project provides three and four-bedroom apartment layouts with carpet areas ranging from 1350.00 to 1650.00 square feet with an average price of Rs. 17.33 per square foot. These elegantly crafted apartments are among Mumbai’s finest homes.

https://shapoorjirealestate.com/residential/northern-lights/

Originally published at http://realestateandepc.wordpress.com on December 21, 2022.

Why Invest In Chandivali?

 

Image Source — https://www.magicbricks.com/Chandivali-in-Mumbai-Overview

Suburbs are becoming more popular among homebuyers as significant investment locations as they offer superior social, industrial, and residential development prospects. Additionally, these areas have excellent infrastructural developments and well-sought connecting lines, all at reasonable cost ranges, which improve investment potential.

Chandivali is an IT hotspot and home to several international corporations, banks, and educational establishments. It is tucked between the commercial sector of Powai and the IT sector of Andheri East. It serves as a centre for several well-known commercial properties and office spaces.

Chandivali has changed significantly over time regarding connection, neighbourhood expansion, infrastructure, and public amenities. You can find some of the most high-end and luxurious residential communities in the city here.

Here are a few elements that make Chandivali a desirable location for investments: Geographic Benefit:-

Chandivali benefits greatly from being close to important social and civic facilities, including eateries, shops, cafés, and social gathering spots within a 1–2.5 km radius. Powai Lake promenade and Jogeshwari-Vikhroli Link Road (JVLR) are 1.8 km away, Saki Naka metro rail station is 2.7 km away, the international airport is 4.7 km away, Eastern Express Highway is 5.8 km away, and Western Express Highway is 7.4 km away.

Development of Infrastructure and Connectivity:-

Over the last several years, the region has seen significant infrastructure and transportation expansion. The Lokhandwala-Jogeshwari-Vikhroli-Kanjurmarg line, or the proposed Metro Line 6, would improve public transportation and benefit those who live in Chandivali.

Through the Jogeshwari-Vikhroli Link Road, the neighbourhood is well-linked to the eastern and western suburbs and major commercial and residential centres like Andheri and Powai. The BKC-Chunabhatti flyover’s opening has significantly improved Chandivali’s accessibility to the rest of Mumbai, rendering the arduous travel problems relatively antiquated.

Market Activity:-

Due to improved connectivity, reputed real estate companies are considering Chandivali as a potential location to provide inexpensive housing and opulent apartments. The area has top-notch facilities for living and transportation. According to market data, the area’s rates (new developments and rental prices) have increased by around 22% during the last five years.

Getting the Right Balance between Work and Life:-

Chandivali will soon rank among the most accessible districts of Mumbai thanks to the well-established railway connections and the impending metro line. The other regional social and infrastructure advancements, when combined with this, guarantee a good work-life balance. With the development of a corporate corridor close to the neighbourhood, residing in Chandivali will turn the expensive wish to work nearer to home into a reality.

Conclusion:-

Shapoorji Pallonji Vicinia in Chandivali is the greatest luxury that you can have in this neighbourhood, located about 1.8 km from Powai Lake, 4.7 km from the international airport, 2.7 km from Saki Naka Metro Station, and 5.8 km from Eastern Express Highway. It boasts luxurious interiors with warm areas, exquisite designs with straightforward layouts, and smart features to simplify life.

It has everything you could need to get started. All of this is concentrated in one area, quickly becoming Mumbai’s pride. Within a 3 km radius are also the closest commercial centres and entertainment hotspots. What else? Discover recreation, sports, and wellness venues, ideally situated among lush greenery.

Originally published at http://realestateandepc.wordpress.com on December 21, 2022.

Meaning of Utility-scale Solar

 

Utility-scale Solar is a popular phrase in the discussion of renewable energy. However, determining the precise definition of the phenomenon can be tricky. A simple approach will state that Utility-scale Solar is the large solar power projects or plants that produce electricity directly for the utility grid. The utility grid then generates the electricity to end customers through power purchase agreements. We must consider the size, location, state policy, voltage, interconnection type, and purchase details of solar power to get a more comprehensive definition.

Different Definitions of Utility-Scale Solar

Solar power is one of the top renewable energy sources. Given its many advantages, a large number of projects are currently operating all over the globe. The continuously reducing solar cost, coupled with the vast solar-plus-storage, will further the development of solar projects to a large extent.

Let’s have a look at the different definitions of Utility-scale Solar and try to build an overall understanding of the same.

Defining Utility-scale Solar Based on Size

Utility-Scale Solar projects are often termed in-front-of-the-meter systems, while Distributed Generation is called a behind-the-meter system. The latter is joined with the energy load of a facility and generates the power directly to the facility. Community Solar can create a challenge in accepting this definition. Although Community Solar links to in-front-of-the-meter and is bigger than a Distributed Generation system, it is not a Utility-Scale Solar. Utility-Scale Solar has been defined variously based on the size of the solar projects. A leading trade group of the US solar industry, The Solar Energy Industries Association (SEIA) considers solar projects generating more than 1 MW of solar energy to be Utility-Scale Solar. On the other hand, the National Renewable Energy Laboratory (NREL) US has labelled solar projects with 5 MW as Utility-scale Solar. The threshold ranges between 2 MT to 25 MW in some markets.

Defining Utility-scale Solar Based on Wholesale Power Markets

The market design is an essential factor in defining Utility-scale Solar. In regulated power markets, utilities retain and manage all the mediators involved in delivering electricity to homes and businesses from power plants. The utilities and Public Service Commission are responsible for setting deciding markers for Utility-scale Solar. Deregulated power markets treat electricity as any other commodity. These markets are comparatively organised and competitive.

Defining Utility-scale Solar Based on Power Purchase Agreements

Utility-scale Solar power projects require funding that comes from Power Purchase Agreements. The solar project developers come into agreements with utility, industrial, commercial, and institutional customers. The Power Purchase Agreements over the pre-decided period generate the funding. The agreements can span from 12 to 20 years. Power purchasers sign the financial contract in Virtual Power Purchase Agreements (VPPA) and are subject to the differences in the pre-fixed price of solar energy. If the market price at which solar power is finally sold is higher than the pre-fixed price of the VPPA, the power purchasers receive the differences. In case the market price is lower than the VPPA price, the power purchasers pay off the difference.

Types of Utility-scale Solar

Utility-scale Solar is of two types.

• Solar Photovoltaics or Panels: The power plant is built by installing many solar panels.
• Concentrated Solar Power or Thermal: Thousands of helioscopes reflect sunlight onto a central collector.

Solar power is one of the top renewable energy sources. Given its many advantages, a large number of projects are currently operating all over the globe. The continuously reducing solar cost, coupled with the vast solar-plus-storage, will further the development of solar projects to a large extent.

Originally published at http://realestateandepc.wordpress.com on December 21, 2022.

Dwarka Expressway Vs Noida Expressway

 

Dwarka Expressway and Noida Expressway are two prominent expressways in the National Capital Region (NCR). These thoroughfares adjoin many popular cities and offer excellent connectivity. A residential property owner can enjoy excellent infrastructure in these zones. You can also expect high returns on investment. As a result, many real estate investment opportunities lie in these micro-markets.

Investment in the Dwarka and Noida expressways will be a profitable financial move. While both expressways come with various advantages, one outperforms the other in certain aspects, which this article will discuss below.

Advantage of location

Noida Expressway is a six-lane highway linking Noida and Greater Noida. It features a rapidly growing residential market, a dynamic social infrastructure and some prominent commercial hubs. The popularity of the area has increased after the Jewar International Airport and Aqua Metro Line of the Delhi Metro were proposed.

The eight-lane highway connecting Delhi to Gurgaon is known as Dwarka Expressway. Its key attraction remains its proximity to the Indira Gandhi International Airport. The newly proposed metro corridor between Sector 23 and Huda City will further enhance the connectivity. The only drawback is its 15–20 km distance from commercial hubs.

Civic facilities

The entire construction of the Noida Expressway is complete, and the civic infrastructure is fully developed. The facilities here have been designed as per the developed markets. On the contrary, Dwarka Expressway is still under construction, and it may not be completely available for public use in the next few years.

The key reason behind the varying condition of these two expressways is the order of development. Noida’s civic infrastructure is laid down first and then the land is allotted for commercial and residential development. In Dwarka, builders avail land rights before the establishment of civic infrastructure. This causes uneven development. This could also be the primary reason for sewage issues and clogging.

Social facilities

Noida and Dwarka Expressways house multiple medical centres, educational institutions and entertainment facilities. Companies like HCL, Infoedge, and Oracle have offices in Noida. Indiabulls and L&T reside in Dwarka.

Inventory provision

With its 206 residential projects, Noida Expressway is slightly ahead of the Dwarka expressway and its 200 residential projects. However, 40% of housing projects in Noida are RERA-registered, whereas 46% of Dwaraka’s projects have Rera registration.

Capital Value

Noida Expressway offers a better infrastructure and development pace than Dwaraka Expressway. However, the latter has increased capital prices. The average home cost of INR 6,400 per sq ft on the Noida Expressway is lower than INR 7,300 per sq ft on the Dwarka Expressway.

Dwarka Expressway has lower rents than Noida Expressway. Noida Expressway observes a rent of INR 9,000–10,000 for 1 BHK, INR 14,000–16,000 for 2 BHK, and INR 17,000–25,000 for 3 BHK. On the other hand, in Dwarka Expressway, the rent is INR 5,700–7,000, INR 8,000–10,200, and INR 21,000–21,800 for 1 BHK, 2 BHK, and 3 BHK, respectively.

Final words

Noida Expressway is a more developed area than Dwarka Expressway. Hence, the first can offer a better life. Noida is also a better option for a family since it is a better-connected and safer area. Its greater vicinity to commercial hubs than the Dwarka expressway is good news for working professionals commuting daily and those looking for employment.

If you want to invest in Dwarka Expressway, check out Joyville Gurugram. The thoughtfully designed spacious homes here will provide you with the utmost convenience, maximum comfort and top-class amenities.

Joyville Gurugram →

Originally published at http://realestateandepc.wordpress.com on December 21, 2022.

5 Best Locations for NRI Investment in Pune

 

Being one of India’s largest educational and industrial hubs, Pune attracts great attention. Many step foot in the city for educational and employment purposes. Another sector that has seen a promising opportunity in Pune is the group of investors. Recently, NRI investments in Pune have also been rising. That is because NRIs have taken an interest in the impressive number of real estate projects in the city.

The growing rental and returns of properties ensure a stable source of income and wealth-development opportunities. Any seasoned investor will take this opportunity to gain massive returns on investment.

Now, the question rises, where to invest in Pune?

This article will discuss the 5 best locations in Pune that are best suited for NRI investment.

Hinjewadi

Hinjewadi is a popular IT hub. Large MNCs like Wipro, Infosys and Cognizant have corporate offices in this area. So, there is no scarcity of employment opportunities here. The overall infrastructure of the place is quite developed, and the social life is exciting as well. Furthermore, its strategic location on the northeast corner of Pune makes it well connected to Baner, Wakad, Balewadi, Tathawade, and other prominent areas. Hinjewadi is a dynamic place in terms of location, connectivity and infrastructure, which makes it a profitable investment spot for NRIs.

If Hinjewadi has made an impression on you, check out Joyville Sensorium in Hinjawadi near Phase l, resting on the banks of the Mula river. It is a grand tower in the lap of nature, offering a refined taste of wellness. Spread over 10.5 acres of area, this housing society represents spacious living. Each 2bhk and 3bhk home here has all the luxurious amenities you can expect. The infinity pool and the river-facing clubhouse are just the final touches you need.

Baner

In close proximity to Hinjewadi, Baner rests in the northeast of Pune. The IT hubs of Hinjewadi and popular areas like Balewadi and Aundh surround Baner. Many IT professionals working in Hinjewadi prefer to rent or buy homes nearby, and Baner provides the ideal place. The Mumbai-Pune Expressway is close by, which enhances connectivity. The well-developed social and physical infrastructure adds to Banner’s features. Everything considered, Baner is an investment hotspot.

Hadapsar

With good connectivity, developed social infrastructure, and an array of recreational facilities, Hadapsar offers it all. The location already houses the offices of renowned companies like TCS, IBM, and SAS. These alluring features have also helped the real estate industry here. The location is dotted with residential and commercial projects, creating several investment opportunities.

If you like to invest in Hadapsar, then do consider Joyville Hadpasar Annexe which offers 1, 2, and 3 BHK flats starting at Rs.42.9 Lakh on Pune Solapur Highway.

Kharadi

Kharadi was once a barren land, but it became a commercial and residential project hub. Multiple aspects helped speed up Kharadi’s development. This area is located in east Pune, within a short distance from the airport. Famous spots like Cyber City, Koregaon Park, and Kalyani Nagar are easily accessible from Kharadi. The social infrastructure here is also a huge advantage.

Wakad is considered an ideal investment location for NRIs for its many advantages. The connectivity here is excellent, and the daily commute is convenient. Including the many hospitals, schools, malls, fast-food chains and restaurants, the social infrastructure is impressive. Additionally, IT hubs surround Wakad. All these features have led to the development of multiple real estate projects.

To sum up

Pune’s development has been impressive, and it will continue to grow. This growth has opened beneficial investment opportunities. NRI investments have thus increased to a great extent. The 5 locations discussed here are all lucrative options. You can invest in any of these locations and expect good returns on residential and commercial properties.

Originally published at http://realestateandepc.wordpress.com on December 21, 2022.