Which is Better: Bandra East or West?

 

Everything you need to know before investing in Bandra

Bandra is an upscale suburb in the southwestern part of Mumbai, Maharashtra, India. The area gets its name from the docks or “bandar” which made up the area in the early days of the city. Today, Bandra is one of the most sought-after neighbourhoods in the city. It has turned into a reflection of Mumbai’s resilience and development. The Western Railway divides the area into Bandra East and Bandra West. 

Bandra East and Bandra West can be compared to two unique sides of the same coin. Both are submarkets in the southwestern suburb of Mumbai differing only in their appearance, appeal and affordability. Bandra is home to some of the most important industries, residential spaces, and entertainment venues in Mumbai and a stellar place to build and grow your family. The various details and upcoming residential projects in Bandra East and Bandra West are mentioned below. 

Bandra West Overview and Connectivity 

Bandra West has more residential spaces compared to Bandra East. Here, luxury and uber-luxury apartments, penthouses, and villas dot the city skyline. The upscale area also boasts more modern residential complexes, high-profile pubs and exquisite entertainment venues. Famous shopping markets on Pali Road, Hill Road and Turner Road can all be found here. 

The Western Railway Line links the area to the rest of the city. The Bandra-Worli Sea Link, which connects Bandra West to South Mumbai, can also be found here. 

Bandra East Overview and Connectivity 

Bandra East is the older of the two submarkets. The area has thrived since the establishment of Mumbai. Today, it boasts a well-developed network of roads that connect it to the rest of the city. It is also a hub for employment and entrepreneurship. Bandra East is a more commercial area with relatively lower residential developments. The presence of Bandra-Kurla Complex (BKC), Mumbai’s central business district makes it a prominent employment hub. 

Bandra East is connected to Thane and Navi Mumbai by the Western Express Highway. The Sion-Bandra Link Road, BKC Road and Santacruz Chembur Link Road all make it accessible to other parts of the city. The under-construction Colaba-SEEPZ metro will further increase the connectivity of the area. The Western Railway Line also provides rail connectivity to the rest of Mumbai. 

Bandra West Residential Developments 

Ruparel Orion, K Raheja Palm Court, Challenger Towers, Hill Ridge Apartments and Lake Pleasant are some of the most notable residential developments in Bandra West. These projects offer high-end residences starting around Rs.2 cr. 

According to 99acres.com, over 90% of properties available for sale in Bandra West are multi-storey apartments. Out of this, 60% are 2 BHK and 3 BHK configurations. Some of these include Ruparel Orion offers 1, 2 and 3 BHK flats while Lake Pleasant offers 2, 2.5 and 3 BHK flats. 

As an investment, according to 99acres.com, rent on properties in Bandra East can range between Rs. 42,000 and Rs. 1.40 lakh depending on the typology. Bandra West is an already developed locale and is thus, perfect either for your residence or as a short-term investment. 

Bandra East Residential Developments 

Bandra East is home to many prominent upcoming residential developments including Shapoorji Pallonji BKC 28, DB Orchid Paradise and Kalpataru Magnus. These developments are undoubtedly the height of luxury living in Mumbai. 

Shapoorji Pallonji’s BKC 28 offers palatial 2 BHK flats in Bandra East that elevate your lifestyle. A well-equipped gymnasium, kickboxing area, acrobatic court, kids’ play area and viewing deck add balance to your life. The 22-storey development comes equipped with smart home systems and a smart puzzle parking system to ensure a comfortable lifestyle. 

Want to know more about this luxurious property in Bandra East? Visit https://shapoorjirealestate.com/residential/bkc-28/ now.

Thane vs Mumbai: Where Should You Make Your Perfect Home?

 

Located to the northeast of Mumbai and known as the satellite city of Mumbai, Thane is a metropolitan city in the Mumbai Metropolitan Region (MMR). The two cities have similar lifestyles, ambience and opportunities. Thane is often called the ‘City of Lakes’ because of the picturesque lakes in its territory. The Masunda Lake and Upvan Lake, among others, form an important part of Thane’s landscape. 

Owing to its ideal location, connection to nature and a similar lifestyle to Mumbai, Thane is becoming a preferred destination for prospective homeowners. Thane and Mumbai share several similar attractive features such as: 

Connectivity:

Both Thane and Mumbai provide a vast transportation network comprising local trains, buses, auto rickshaws and taxis. Thane lies on the Mumbai Suburban Railway Network, connecting it to the rest of Mumbai. Roadways such as the Ghodbunder Road and highways such as the Eastern Express Highway and Western Express Highway also connect Thane to Mumbai seamlessly.

Mumbai has the Chhatrapati Shivaji International Airport and railway stations like the Lokmanya Tilak Terminus, and the Chhatrapati Shivaji Terminus connect it to the rest of the world. 

Mumbai offers a metro line that increases connectivity. However, the metro line in Thane is set to be operational in 2025, thus making both cities well-connected. 

Social Infrastructure:

Thane has many notable schools and colleges that provide affordable and quality education to its students. Smt. Sulochanadevi Singhania School, DAV Public School, K.J. Somaiya College and St. John’s College are some of the most prestigious institutions in the area. Jupiter Hospital, Fortis Hospital and Hiranandani Hospital offer world-class medical care to the residents of Thane. These facilities make Thane the preferred place for young families. 

Mumbai is home to some of the most prestigious schools and colleges in the country including Bombay Scottish School, Narsee Monjee Institute of Management Studies, St. Xavier’s College and the Tata Institute of Social Sciences. Hospitals such as the Kokilaben Dhirubhai Ambani Hospital, Breach Candy Hospital and Nanavati Hospital are excellent centres of medical care. 

Accessibility: 

Thane is a developed city similar to Mumbai, providing all the necessities and comforts one needs. There are several gyms, spas, restaurants, malls and entertainment spaces in Thane that give you a well-rounded lifestyle. At places like Viviana Mall and Korum Mall, you can partake in a number of leisure activities to refresh and rejuvenate. 

Mumbai is a city known for its nightlife and its thriving social scene. A wide array of restaurants, pubs, clubs and entertainment spaces dot the city. Some of India’s biggest malls such as Phoenix Market City and R-City are in Mumbai. Centres such as Prithvi Theatre and the Nita Mukesh Ambani Cultural Centre are hubs for traditional performance arts. Thus, Mumbai has a diverse array of entertainment options. 

Return on Investment:

Thane has a higher potential for growth and appreciation in property value. According to homebazaar.com, property in Thane has enjoyed a 300% growth in the last five years. Meanwhile, property prices in Mumbai increased by a minimum of 9% every year.

Environment and Ecology:

As we already know, Thane is decorated with serene lakes. It also offers a refreshing mix of urban comforts in a landscape dotted with gardens, parks, and forests. Thane is ideal for anyone looking to strike the perfect balance between the necessities of modern life and the tranquillity of nature. 

Mumbai has seen a considerable push towards becoming a greener city in recent years. The introduction of electric buses, the redevelopment of many gardens and parks, and the continuous cleaning and maintenance of the city’s beaches are some examples of the efforts taken in this direction. 

Real Estate Markets:

Thane has a thriving real estate market with many up-and-coming developments. According to housing.com, the average price per sq. ft. in Thane is Rs.13,616, making it cheaper than Mumbai. Thane has a selection of affordable, well-made properties that are an excellent option for young homeowners. They provide spacious homes and an exquisite blend of modern amenities in an oasis of nature. 

Mumbai, being a coastal city, has very little room to accommodate its ever-increasing population. However, it is a preferred destination for those looking for a luxury living experience. The city’s rich history and plethora of amenities make it ideal for anyone looking to live at the height of luxury. According to housing.com, the average price per sq. ft. in Mumbai is Rs.19,079. Shapoorji Pallonji’s BKC 28 is one such development that will elevate your living experience. 

If you are looking to make Thane your new home, You can find spacious homes for you and your family at Shapoorji Pallonji’s Northern Lights and Skyraa. 

At Northern Lights, you can find 2 BHK flats in Thane West starting at Rs.1.46 cr. This development is located on Pokhran Road 2 in Thane West. Northern Lights offers a range of 60+ amenities including a gymnasium, a yoga deck and a reflexology area, among others, to ensure that you and your family live a holistic life. 

Explore Northern Lights Project Details Here – https://shapoorjirealestate.com/residential/northern-lights

Skyraa is another premium residential development by Shapoorji Pallonji in Thane. Here, you can find exquisite 3 BHK and 4 BHK flats in Thane West starting at Rs.2.54 cr. This development on Pokhran Road 2 will provide you with 60+ amenities to choose from including a meditation court, a spa, a hammock lounge and a swimming pool with a deck. 

Explore Skyraa Project Details Here – https://shapoorjirealestate.com/residential/skyraa

Whether spacious, affordable, modern homes in Thane or luxury residences in Mumbai, Shapoorji Pallonji has you covered.

Infrastructure vs. Construction: Understanding the Key Differences

 

Everything You Need to Know About Construction and Infrastructure. 

Outside the real estate sector, the words ‘infrastructure’ and ‘construction’ are often used interchangeably. However, if you wish to understand the business better, it is necessary to understand the difference between these two. 

In the most basic sense, infrastructure means all the physical and digital systems that are needed to run a country or region’s economy. Construction on the other hand refers to the process of building and maintaining these infrastructural projects. 

What is Infrastructure?

Infrastructure is the foundation of any city, town or community. It includes roads, bridges, schools, hospitals, airports, telecommunication systems, water systems, and other such systems which are required to sustain the social and economic life in the region. 

Broadly speaking, infrastructure can be broken down into three categories – construction, maintenance and upgrades. Construction involves building new physical assets. Maintenance keeps the existing infrastructure in good, working condition. Upgrades mean gradual improvements made to the existing infrastructure to make it more up-to-date. 

What is Construction?

Construction is the physical process of building and maintaining the infrastructure. It includes planning, designing, repairing, renovating, and maintaining infrastructure projects. It usually involves large upfront investments and requires a larger workforce. 

Construction is the implementation of planned infrastructural developments. It is a consequence of infrastructural planning. Thus, it is a more physically laborious process. It involves planning, acquisition of raw materials, construction, operation and maintenance. 

What is the importance of Infrastructure?

Infrastructure investments can significantly impact the quality of life and economy of a country or region. Planned infrastructural developments help improve the lives of ordinary citizens, create jobs, improve public security, and spur economic growth. 

Well-planned infrastructure projects could reduce costs and improve the efficiency of businesses and provide people with a smooth and secure life. It helps improve the overall productivity and output of a region or country. 

From a business perspective, infrastructure is a growing industry at the moment. According to Mordor Intelligence, the global infrastructure sector is estimated to be worth $2.57 trillion in 2023 and is expected to reach $3.48 trillion by 2028. This would mean that the industry has a forecasted growth rate of 6.27%. 

Shapoorji Pallonji Infrastructure Capital Company Pvt. Ltd. (SP Infra) has been part of the Indian infrastructure scene for more than two decades. The business was established in 1997 as part of the Shapoorji Pallonji Group to develop sustainable infrastructure assets that deliver value to local communities. Since then, SP Infra has made significant contributions to the infrastructural development of communities inside and outside India. With services in power, transportation, natural resources and ports and terminals, SP Infra is an industry leader in the infrastructural development sector in India. 

SP Infra’s work is complemented by the work done by Shapoorji Pallonji Engineering & Construction (SP E&C). SP E&C is India’s first ISO 9000-2001 certified construction company. It was also the first Indian company to execute a project overseas (in 1975). Some of SP E&Cs’ most notable projects include The Imperial, India’s tallest residential twin towers and The Aquatic Gallery in Ahmedabad, India’s largest public aquarium. SP E&C was ranked 54th in the top 250 International Contractors by ENR in 2021.

To find out more about the projects undertaken by SP Infra and SP E&C visit https://www.shapoorjipallonji.com/

Is it good to buy property in Gurgaon in 2023?

 

It is no secret that Gurgaon is the place to be for IT, Banking and Finance professionals. Its proximity to Delhi also makes it a desirable location for professionals and their families. Because of this, there is a rapid increase in the number of people relocating to Gurgaon for work. The residential market in Gurgaon has grown considerably over the years. But, does this mean that Gurgaon is a good place to buy property in India? All things considered, yes, and here is why. 

1. Prominent employment hub. 

Gurgaon is one of the most prominent IT and Finance hubs in the country. This has led to the development of robust social infrastructure necessary for living a well-rounded life. There are a plethora of good schools, hospitals and malls which give the people of Gurgaon a comfortable life. The closeness to Delhi also means that the students of Gurgaon have easy access to some of the best colleges and universities in the country. 

2. Above average quality of life. 

The presence of some of the biggest, most profitable Indian and foreign companies in the region has led to Gurgaon having a higher standard of living than the national average. This means that not only are your primary needs of food, clothing, shelter and education met but, your social and emotional well-being are also guaranteed. The city has ample job opportunities for both seasoned professionals and freshers. 

3. High rate of appreciation. 

Gurgaon has the highest percentage increase in the value of residential properties in the country, at 12%, beating out major cities like Bengaluru, Noida, Pune and Mumbai. The city has a large growth potential and can expand even further to support the growing population. This means that now is the right time to invest in Gurgaon and reap enormous profits in the future. 

4. Favourable government policies. 

The Haryana Government and the Municipal Corporation of Gurgaon are taking active steps to make Gurgaon worthwhile for its residents and potential investors. In January 2023, the Municipal Corporation of Gurugram lowered the minimum requirement to register a plot from 200 sq. yards to 100 sq. yards, essentially increasing the number of properties that can be developed on the same piece of land. Similarly, in June 2023, the allotment rates were increased by an average of 20% to encourage further development by builders. 

Some of the best areas to call your home in Gurgaon include Sector 57, Sector 102, Sohna Road, MG Raod and Palam Vihar. With some of the best schools, colleges, hospitals and entertainment options around, Gurgaon is definitely a worthwhile place to buy property in 2023. You are sure to have a comfortable, fulfilling life in a rapidly developing city if you chose to invest in Gurgaon. 

Joville Gurugram is a development worth considering in Gurgaon. With grand 2 and 3 BHK Flats in Sector 102, Joyville Gurugram offers comfort, convenience and community. 30+ amenities in 9 pocket amenity spaces spread over 3 acres make your life a comfortable dream. Smart homes, equipped with high-speed internet in every room, a smart home hub, an emergency panic button, a smart indoor siren and a video doorbell await you at Joyville Gurugram. 

Visit https://www.joyvillehomes.com/joyville-gurugram/ to know more.


Originally Published at - https://realestateandepc.wordpress.com/2023/08/08/is-it-good-to-buy-property-in-gurgaon-in-2023/

5 Reasons Why You Should Consider Living in Hadapsar, Pune

In the eastern part of Pune, just 8 km from the Pune Railway Station, lies Hadapsar, a rapidly developing suburb. Home to important organisations like the Serum Institute of India, Hadapsar is one of Pune’s most promising regions. 

Hadapsar is also home to many of Pune’s historical locations, including Purandar Fort and Mastani Talav (lake). It is both a hub for industry and a haven of natural serenity. It is also very close to Kalyani Nagar and Koregaon Park. 

The modern development of Hadapsar began in the 1990s by pooling over 450 acres of farmers’ land to build a gated community, which led to further development of the region. Today, Hadapsar is one of the most sought-after regions in Pune for both residential and commercial purposes for the following reasons:

Connectivity 

Pune Railway Station, Lohegaon Airport, Koregaon Park, Swargate Bus Stand and Shivaji Nagar Railway Station all lie within a 15 km radius of Hadapsar, making it a prime location in Pune. The Pune-Solapur Highway and the Pune-Ahmednagar Highway pass through Hadapsar. The upcoming ring road connecting the Pimpri-Chinchwad area to Pune will further strengthen Hadapsar’s road network. 

Infrastructural Development

Hadapsar’s growing reputation as an IT hub and a significant improvement in its social infrastructure has drawn the attention of many. Many well-reputed schools, including The Lexicon School, GIIS International School, Pawar Public School, and Venus World School, provide quality education to the children of Hadapsar. Several multispecialty and specialised hospitals are also in Hadapsar. Many shopping malls, restaurants, and cinemas tend to the residents’ entertainment. Most of all, the easy accessibility to other parts of Pune gives residents endless options for recreation. 

Availability of Residential Property

Hadapsar is an important commercial area but has also gained a reputation as a sought-after residential location. The presence of many corporate offices has necessitated the development of residential properties for employees and their families. As such, Hadapsar is now a hub for prime residential and commercial real estate. 

Residential rates in Hadapsar, Pune

According to propertypistol.com, the property prices in Hadapsar can range from ₹5000 to ₹ 10,000 per sq. ft, depending on the location and type of property. Data from magicbricks.com shows that the properties in Hadapsar have appreciated by 40% since 2018. Thus, Hadapsar has proven to be one of the best regions in Pune for residential investment. 

Hapadsar has a mix of villas, plots and apartments for potential buyers. However, apartments are in high demand as young professionals working in the nearby IT offices seek to buy or rent their first homes. 

Best Residential Projects in Hadapsar, Pune

Joyville Hadapsar Annexe and Joyville Sky-Luxe are two properties which offer spacious, well-designed homes in Hadapsar. 

Joyville Hadapsar Annexe offers 1, 2 and 3 BHK flats starting at just Rs.45 lakh. The development spans approximately 21 acres of open living spaces with more than 60 amenities at your disposal. 

Joyville Sky-Luxe, on the other hand, is a luxury offering with 3 BHK Penthouses and 3 BHK Duplexes in Hadapsar that elevate your lifestyle. Spread over 9 acres with world-class amenities, Joyville Sky-Luxe is the luxury retreat your family deserves. 

Bask in Pune’s culture and history at Joyville’s Hadapsar Annexe and Sky-Luxe in Hadapsar. Visit www.joyvillehomes.com to know more.

Originally Published at - https://realestateandepc.wordpress.com/2023/08/08/5-reasons-why-you-should-consider-living-in-hadapsar-pune/

How to start a construction company

 

India is one of the fastest-growing economies globally. Some reports suggest India will be the world’s second-largest economy by 2075. Naturally, such growth brings with it the need for a solid, well-developed infrastructural system. Any entrepreneur wondering what to venture into next might want to consider opening a construction company. The Indian construction sector was worth $701.7 billion in 2022 and is set to grow at an average annual rate of more than 6% between 2024 and 2027. 

If you are considering starting your own construction company, here are the steps you need to take. 

1. Market Research and Business Plan – 

Before even considering starting the legal process of starting your construction business, make sure you have a solid plan in place. Research the area where you want your project to be, find out if there is any gap in the market and try to fill it. Plan ahead for any obstacles that may arise. Finalise a budget, short and long-term goals, target audience, and procurement of raw materials. Be well-versed with all the rules and regulations that apply to your market. Know what are the upcoming projects in the area. These plans will prove to be the foundation for your business. 

2. Licenses and Registration – 

As a construction company, getting registered legally is perhaps the most important step. Without this, anything construction could be considered illegal. Under the Companies Act 2013, companies can be registered as public limited, private limited, sole proprietorship, partnership or limited liability partnership with the Ministry of Corporate Affairs (MCA). 

This needs to be followed by Salex Tax and GST Registration along with PWD License, TIN No., and EPF registration. A company bank account also needs to be set up. 

3. Infrastructure and Workforce – 

Construction companies require dedicated offices to plan, strategize and develop new properties as well as display the models for their properties. A corporate office is also required for any registration and legal paperwork that may arise. Also, arrange for transportation services needed to carry raw materials to and from the construction site. 

Also build a strong network of suppliers, contractors, builders, brokers, independent contractors, subcontractors and other such professionals who will support and promote the business. Take care to maintain these relationships long term as they will aid with business expansion. There will also be a need for trained professionals like architects, marketing professionals, etc 

4. Securing Funding – 

A construction company requires a large initial investment. Additionally, petty cash will be needed for the day-to-day activities of the business. To meet these needs, you can opt for business loans. 

5. Getting Insured – 

Construction companies are high-risk, high-reward businesses. To manage these risks, make sure you are properly insured against any calamities. Also, insure your workers to protect them in case of any accidents or disasters. This will drastically reduce the financial risk of running a construction business. 

Even though this sounds easy, please keep in mind that starting and operating your own construction company is a long-term process which will require a great deal of hard work, commitment, and perseverance. For examples of projects by successful construction companies in India, visit – https://www.shapoorjipallonji.com/

Originally Published at - https://realestateandepc.wordpress.com/2023/07/20/how-to-start-a-construction-company/