Why invest in Manjri?

 

The suburban life awaits at Manjri

When it comes to identifying growing residential localities in Pune, the locality of Manjri, located east of Hadapsar and Magarpatta is the first that comes to one’s mind. Once a quaint village, the area of Manjri has now developed into a robust locality catering to the needs of one and all.

Here’s why Manjri should be your next consideration if you are looking to invest in property in Pune:

Prime location:

With proximity to major IT hubs like SP Infocity and Magarpatta, Manjri is emerging as a sensible investment option for residential purposes. Located amid industrial areas and IT parks, this well-developed locality is home to residential homes, apartments and plots that offer all the facilities of a well-developed residential space, amidst a touch of nature. A clean and healthy environment, complemented by the availability of good schools, hospitals and markets in the vicinity has made it a well-livable area.

Accessibility:

Manjri is equipped with a robust and well-maintained road network system. The Pune Railway station is situated within an accessible distance and the Pune International Airport is also reasonably close.

Connectivity:

The area’s proximity to the Pune-Solapur Highway, Manjri Road, Saswad-Manjri Road and Uruli Kanchan-Manjri Road provide ease of accessibility within the city. In today’s time of rising traffic, tedious commutes and cumbersome travel times, the presence of a well-maintained network of roads is an extremely vital asset to a city.

Development:

The livability index has been improving with the development of physical infrastructure and enhanced connectivity in Manjri. As far as safety is concerned, safety in Manjri is not an issue to worry about. This region also has to offer a wide range of residential options catering to different economic sections of society. The presence of well-maintained healthcare facilities, educational institutions, recreational facilities, shopping centres and a plethora of public amenities make it a highly visited location.

Amidst all these highly lucrative benefits offered by the prime location of Manjri, there lies a gem in the crown of SP Kingstown — Joyville Celestia!

Offering 2 and 3 BHK homes in Manjri at affordable prices that offer a luxurious lifestyle, you can find a home where an all-rounded sense of wellness awaits. Visit https://www.joyvillehomes.com/ to know all about their 2 and 3 BHK homes in Celestia.

Originally Published at - Why invest in Manjri?

Mutual funds vs real estate: The prudent investment option

 

When it comes to investing for the future, there are a plethora of options available. While all options help you to realise substantial tangible results, the choice of investment vehicle greatly influences your earning potential for the future.

Most strategic investment decisions rely on certain key factors namely: Investment capacity, investment horizon, investment objective, risk-bearing capacity etc. to name a few. However, the two investment options that are commonly considered are real estate and mutual funds.

Both these avenues bring their own set of benefits and risks that encourage or deter an investor from investing their funds in them.

Here are some key factors that you should consider when choosing between these investment options:

1. Security and stability: If you have a low risk-bearing capacity, you would be better suited to invest in real estate markets as they are a stable investment when it comes to building wealth. Positive trends expected in the real estate market can help provide more stable returns in the future as compared to the volatility of mutual funds.
2. Capital appreciation: Investments in real estate have a demonstrated history of providing appreciation over time. This is because as new projects are announced, they attract developments around them that boost the value of the property where they are built. Real estate also offers investors the opportunity to improve the resale value of their properties by enhancing the property with furnishings and modifications, or by renting out their properties. This provides a better wealth-building option through real estate.
3. Control over investment: While purchasing a property with an investment objective, an investor can exercise greater control over the kind of returns they are expecting by carefully choosing the real estate property based on location, facilities, amenities, resale value of property and other factors. However, in the case of mutual fund investments, the investments are controlled entirely by the fund managers who invest with specific objectives in mind. This option of investing therefore offers lesser flexibility and control.
4. Liquidity and flexibility: Both investment options vary in liquidity, as mutual funds are highly liquid thereby allowing investors to purchase and sell shares at market price. Real estate is often less liquid since selling property can take time and entails transaction expenses and market swings.

Additionally, real estate is a less flexible investment option as it requires hands-on management to deal with regular maintenance.

While making investment decisions involves a certain degree of financial acumen and risk-bearing capacity, getting started with investments is fairly straightforward once you are equipped with the right resources.

Joyville Homes has developed a variety of affordable homes that serve as a smart investment option for those looking to explore investment options in the real estate sector.

Visit www.joyvillehomes.com for more information.

Originally Published at - https://industryupdates.medium.com/mutual-funds-vs-real-estate-the-prudent-investment-option-b353e28e52d4

Top 5 Construction Projects by Shapoorji Pallonji for Educational Institutions

Reshaping the future: Developing campuses in India

The Shapoorji Pallonji group has been at the forefront of modernising the educational sector by lending its expertise to the construction of some of the most well-known institutions of India. Whether this involves developing the medical colleges in Jharkhand or the prominent names of IITs in India, the Shapoorji Pallonji group has time and again showcased their excellence in delivering quality results coupled with their years of experience.

Let’s find out about the Shapoorji Pallonji group’s projects centred around developing colleges in India:

IIM Kashipur

IIMs are our country’s most coveted educational institutions for pursuing a master’s in India. IIM Kashipur located in Kashipur offers an integrated institutional campus with student hostels, faculty housing, canteen and other ancillary infrastructure.

IIM Tiruchirappalli

The IIM Tiruchirappalli campus offers a world-class institutional campus comprising student hostels, canteen, recreational facilities and other ancillary buildings, with an integrated residential complex for faculty housing.

IIT Patna

IITs are considered the leading institutions for engineering and technology, and hence deserve only the best quality infrastructure. IIT Patna boasts of an integrated institutional campus with fully equipped academic facilities such as administrative buildings, departmental buildings, tutorial complexes, workshops, a food court, and other ancillary infrastructure.

Medical Colleges, Hazaribag, Jharkhand

The Medical College in Hazaribag, Jharkhand premises comprise an academic block, boys’ hostel, girls’ hostel, staff quarters, electric sub-station building, and other infrastructure works.

Dr. Kalam Agricultural College

Constructed in 2018, the Dr. Kalam Agricultural College in Kishanganj hosts an institutional campus with advanced agriculture laboratories, research centres, farmhouses, animal housing facilities, and storage units. The campus also hosts academic buildings, auditoriums, sports complexes, student hostels, a fully functional residential complex with faculty housing, convenience centres, a community hall, and a school.

While the quality of education plays the most important role when deciding upon an educational institution, the quality of the infrastructure of the campus also fosters a sense of trust and reassurance amongst the students and their parents.

Explore all the campuses built by the Shapoorji Pallonji Group at https://www.shapoorjipallonji.com/business/EngineeringAndConstruction.

Originally published at - https://industryupdates.medium.com/top-5-construction-projects-by-shapoorji-pallonji-for-educational-institutions-a5ec33a84653

Tunnel Construction Projects in India by Shapoorji Pallonji Group

 

Improving connectivity across India

Connectivity is of key importance in urban and sub-urban cities that are particularly characterised by a fast-paced lifestyle. Maintaining the quality of life associated with these cities requires top-notch infrastructure that can support the needs of all the residents.

The Shapoorji Pallonji Group understands the needs of commuters who require connectivity and quality infrastructure for the smooth flow of operations. To provide quality tunnel construction in India, the Shapoorji Group has constructed 3 key tunnel projects.

Here are some of the key features of India’s best tunnels:

1. Atal Tunnel, Himachal Pradesh

Constructed in Himachal Pradesh in 2020, the Atal tunnel is the world’s longest highway tunnel located in Manali. Built 10,000 ft. above mean sea level, this tunnel was named after the late former Prime Minister of India, Shri Atal Bihari Vajpayee.

Nestled under the Rohtang Pass in the eastern Pir Panjal range of the Himalayas, the tunnel is 9.02 km in length and 10 m in width. Dignified with the glory of being the world’s longest motorable highway tunnel, it stands at an altitude of 3,071 meters

Read all about the project here: https://www.shapoorjipallonji.com/project/atal_tunnel

2. KRCL tunnel, Sangaldan (J&K)

In 2015, Afcons engineered the construction of 5 BG single-line railway tunnels for Konkan Railway Corporation Limited (KRCL). This tunnel is located on the Katra-Laole section of the Udhampur-Srinagar-Baramulla Rail Link (USBRL) in Jammu & Kashmir.

The total length of the tunnels, including cut and cover, was approximately 8,500 m. What sets it apart from the plethora of other tunnels in India is its use of state-of-the-art technology of the New Austrian Tunnelling method (NATM) along with the conventional method.

Read all about the project here:
https://www.shapoorjipallonji.com/project/KRCL-Tunnel

3. East-West Metro, West Bengal

The Shapoorji Pallonji Group has constructed India’s first underwater metro tunnel and deepest metro station in Kolkata, West Bengal.

An architectural marvel, the underwater metro, located on the Howrah Maidan-Esplanade section of the East-West corridor, was inaugurated on March 6, 2024. The underwater metro line services were opened to the public on March 15, 2024. Kolkata was the first city to get an underwater metro that passes below the Hooghly River.

Read all about the project here:

https://www.shapoorjipallonji.com/project/east_west_metro

Handled by the competent Infrastructure division, the Shapoorji Pallonji Group confidently spearheads the construction of tunnels in India to provide improved connectivity in the country.

Read all about our past and current infrastructural projects at https://www.shapoorjipallonji.com/business/Infrastructure

Originally published at - https://industryupdates.medium.com/tunnel-construction-projects-in-india-by-shapoorji-pallonji-group-8461a6a1a6ed

How are millennials changing the real estate market?

 

Millennials are changing the real estate landscape with their modern thinking, ideologies and forward processes. With a haven of information available at their fingertips and increasing accessibility to data, the millennials are capable of making their decisions, faster, smarter and with better clarity than ever before.

Millennials also move beyond thinking of homes as a traditional 4-wall set-up, but consider their homes as a reflection of their values.

Considering the dynamic environment in which the millennials are making their home purchase decisions, they have a more pragmatic approach to home buying and make financially sound decisions.

Here’s how the millennials are changing the real estate market one step at a time:

Home furnishing essentials:

Following 2023, home buyers have 2 key considerations in mind before buying a home: Flexible workspaces and sustainable features. With remote work becoming an integral part of our lives, there is an increased focus on having a home that offers a dedicated workspace for an uninterrupted and seamless working experience.

Millennials and consequently companies have also started placing increasing importance on having a sustainable home with technological advancements such as smart thermostats, solar panels for renewable energy, and water-saving technologies as an attempt to be more environmentally conscious.

Community and society:

Millennials consider their societal status of utmost importance and are therefore instrumental in changing the way they choose their home. Several societal and communal factors affect their decisions to choose their preferred home including the neighbourhood they live in, the communities they live with and the living arrangements offered in such spaces.

Ownership:

For the older generations, owning a house of their own was a strong indicator of their financial strength and wealth which made them choose home ownership over rental set-ups. However, the current scenario of increasing home ownership costs in urban areas has made them reconsider this notion.

Millennials therefore approach home buying with a more strategic outlook that involves evaluating their financial goals and investing their finances only if they are assured of any tangible benefits associated with home ownership,

With the entire real estate market is influenced by the evolving demands of millennial homeowners, the Shapoorji Pallonji Real Estate group constantly works towards providing homes that cater to their consumers’ demands.

See all the new projects by Shapoorji Pallonji Real Estate Group to know more: https://shapoorjirealestate.com/.

Originally published at - https://industryupdates.medium.com/how-are-millennials-changing-the-real-estate-market-fa5a1a3a1bca

Is 2024 a Good Time to Buy a Flat in Pune?

 

Image Source — Unsplash Pune, India

Real estate investment considerations for 2024

The real estate sector is witnessing the emergence of a new city hotspot in Maharashtra as the top choice amongst home buyers, and surprisingly the answer is not Mumbai. A city that celebrates the Marathi culture and ethos to the core, the city of Pune is gradually emerging as the preferred real estate opportunity for individuals.

Real estate consultants- Anarock’s year-end reports from 2023 showcased an increased preference towards homes in Pune, with approximately 86,680 homes sold in 2023. This positive trend is expected to continue in 2024 with the real estate segment offering a lucrative investment option for investors.

A key factor motivating people to invest in the region could be attributed to the comparative cost advantage one enjoys compared to purchasing a home in Mumbai.

Purchasing a home in Pune is relatively 75.21% cheaper compared to Mumbai making it an affordable investment avenue. Over time, the affordability factor offered by Pune has reduced, owing to increased demand, thereby making it more competitive to purchase a home.

However, people looking for real estate opportunities continue to flock to the Maratha City anticipating an appreciation in property rates in the near future. This appreciation could be linked to several factors such as:

• Quality of life: In comparison to the hectic and fast-paced life lived by Mumbaikars, Pune’s sedentary lifestyle allows individuals to experience a better quality of life owing to its superior spaces offered for families.
• Modern lifestyle: Gone are the days when Pune was considered old-fashioned. The trendy city has kept up with the times while retaining the essence of its Maratha culture. Improved healthcare, education and entertainment facilities coupled with the rapid development and emergence of commercial centres, IT parks and service-focused industries have made it a desirable location to establish a home.
• Connectivity: The city of Pune offers a well-connected network of roads and highways making commuting an enjoyable rather than tedious process. The Mumbai-Pune Expressway, highways and major arterials offer smooth connectivity and accessibility to Pune from other cities.

For those looking for a sedentary lifestyle away from the hustle and bustle of major metropolitan cities, while being equipped with state-of-the-art amenities, Pune offers the right blend of convenience and sophisticated living.

With people placing increased importance on achieving the ideal balance between urban life and nature, Shapoorji Pallonji Real Estate beautifully captures this feeling to provide comfort and convenience at Golfland at Vanaha, situated in Bavdhan, Pune.

Meanwhile, for those searching for the un-city life within the city, SP Kingstown brings an unmatched quality of life like no other just for you.

Experience an elite lifestyle like never before with Shapoorji Pallonji. Visit https://shapoorjirealestate.com/ to know all about our latest projects.

Originally Published at - https://industryupdates.medium.com/is-2024-a-good-time-to-buy-a-flat-in-pune-97f1911af20d

Benefits Of Buying A Property In The Launching Phase

 

Photo by Jason Dent on Unsplash

Target the right stage for your next real estate purchase

In today’s time, purchasing property involves careful consideration and strategic planning to secure a property that suits one’s criteria.

One of the key considerations factored in by potential buyers is the project’s construction stage.

Each real estate project starts with a pre-launch phase marked by the project proposal’s announcement. During this phase, builders offer attractive price discounts on their projects to attract homebuyers and investors.

The key factor that motivates real estate buyers to opt for pre-launched homes is the affordability and consequent high return on investment offered for pre-launched projects.

Let’s explore some of the key benefits of purchasing properties in the pre-launch phase:

1. Availing early bird pricing: Choosing a property in the pre-launch stage enables one to get a first-mover advantage. Developers offer attractive early bird prices for buyers motivating them to invest in new projects.
2. Staying ahead of the demand curve: Once a project has been launched, its demand in the market starts increasing with potential buyers expressing interest in owning a stake in such projects. Here, making the right strategic investment during a pre-launch phase helps avoid rising project costs later on.
3. Flexibility to choose prime units: While purchasing a home, the choice of preferred unit becomes a crucial factor for buyers and sellers. Buyers prefer closing in on the best units that offer amenities like the best view, floor plan or flat location within the project before closing in on a deal. Similarly, sellers are looking to negotiate the best price with the buyers based on the amenities being offered for the property of their choice. Being an early buyer offers you the flexibility to choose the unit that aligns with your requirements.
4. Potential for high return on investment (ROI): In real estate, the value of a project increases as the construction of the property advances. A property’s rate could increase anywhere between 10% — 40% as the construction finishes. As the area surrounding the property also develops, its value appreciates due to the development changes that attract investors and residents looking for a premium property. Properties developing in highly coveted areas are sought after even as an investment opportunity by buyers looking to rent out the space in the future.
5. Flexibility and adaptability: Purchasing a property in its pre-launch phase offers immense flexibility in terms of payment methods like EMI, and modifications such as additions in design, interiors and furnishings.

A strategic planning process can help you make the right purchase decision based on the stage of project development that you are looking to target.

Joyville Homes under Shapoorji Pallonji Real Estate has 2 new real estate projects: Joyville Celestia and Joyville Sky-Luxe Edition which offer world-class facilities and amenities ₹71.90 lakh and ₹1.5 crore respectively.

Visit https://www.joyvillehomes.com/ for more information.

Originally Published at - https://industryupdates.medium.com/benefits-of-buying-a-property-in-the-launching-phase-967f14bb0372