Structured Schemes Hit the Mumbai Property Market

Home Buyers in Mumbai, Thane and Navi Mumbai have never had better days, the market is ripe with Structured Schemes. Every few days you see large advertisements and hoardings with 10-20-10, 25-75, 20-80, 10-90-10 and even 5-90-5 schemes.

These schemes are to lure the fencer sitter buyer to get him out with a minimum down payment from his own side which typically means no hit to the Buyers Liquidity and much safer transactions because the Banks are involved in the transactions.

We have been reiterating this again and again, that one must take even the smallest exposure of a Bank Loan, as the Bank does the due diligence for the property and since the payment to the Banks are construction linked, the accountability quotient is far higher.

These schemes are actually a boon for the Buyer because he does not have to shell out a lot of cash from his own pocket and hence the ROI is far higher. Also, for home buyers who are presently on lease, get a lot of respite as they are able to continue staying in the rented flat in case the scheme provisions for interest bearing by the developer.

One has to understand all these schemes thoroughly and read the fine print and then take a call. A lot of time it is also seen, that the Developer has offered the Structured Scheme but he has raised the prices and then you should ask for both the Structured Scheme and Construction Linked Plan (CLP) to ascertain the difference in the pricing and the scheme benefits.

For any further understanding on these Structured Schemes, please call me on 9820030685 – ssadh@mumbaipropertyexchange.com

small Is BIG

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Kalpataru Sunrise Thane launch witnessed a huge turnout and by the end of the day, the developer sold out majority of its buildings.

Apparently, the developer sold the smaller 2 bhk flats to employees and Hdfc fund employees etc.

This new trend which Lodha Group started has been captured well by Kalpataru who have launched the project at an aggressive price of 7500 psf.

Post the 4 states election results this would be considered a Rocking launch and a feeler that the investors segment and the fence sitters are catching the right project at the right price.

Now, let us evaluate Worli where we have few developers constructing 3000 to 10000 psf apartments in the luxury segment.

Tough times ahead for them for sure.

Sandeep Sadh.

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Mumbai lacks lifestyle apartments today

If you are coming from overseas to buy a property in Mumbai with No Fuss and s real plush looking building then you are in for a real shock today.

The ready possession buildings with Top quality maintenance are a handful across Mumbai.

Recently I was with an Expat family, they looking for an apartment on lease with a budget of around 10000 US Dollars a month. It was a tough experience for me to match their need of a large 4 BHK in Bandra or South Mumbai which would be in Top shape.

Thr apartments available either are too old and need a complete make over or the buildings inside and outside is not so well maintained as it should be to command the price.

We hope that this changes in coming times with the new launches with swank amenities across Mumbai.

A few buildings which qualify today for top expats:

1. Beaumonde
2. Vivarea
3. Imperial Towers
4. Kalpataru Horizon
5. Raheja Bay
6. Narain Terraces
7. Kubilisque
8. Ashok Towers
9. Bellissimo
10. Jivesh Terraces