|Buying Property Tips#1: Choose the Right Location|
|Before you choose a location, it is of utmost importance that you consider the development prospect of the area. Other factors to consider here is crime record of the area, availability and nearness of public facilities and utilities.|
|Buying Property Tips#2: Study the Local Market Dynamics|
|It is important to get well familiar with the local realty market. Learn the variation in property prices by street. Don’t shy away from asking a few realty investment agents questions to get better insight on the matter.|
Pokhran Road has emerged as one of the leading real estate destinations in Thane west due to flawless growth of infrastructures,great connectivity and open greenery environment.This has made one of the most demanding locality in terms of real estate investment.
Many localities in and around Thane are tremendously growing and preferred as prime locations for residential investments and Pokhran Road is one of them. With the pace of development in infrastructures, residential and commercial real estate sectors and connectivity, Thane and its peripheral areas are topping the charts for investment. Still evolving day by day it has many reasons which drive the investors to choose this locality for buying their dream home.
Price Trends :
The price trends of the residential properties on this locality has shown a good appreciation the year 2008 to 2016 with some highs and lows in between from.
Real Estate Trends :
It is located with many launched, ready to sale and under construction projects, driving the demand of residential real estate on top in the investors list. Thane's most recent launches and best projects are mainly on Pokhran Road and Ghodbunder Road.
|Buying Property Tips#3: Choose the Right Property|
|Getting the right property right away is quite unlikely. First, you need to be clear on why you want to buy an investment property. After that, you will be able to make right decision based on factors like remoteness or accessibility of the property.|
|Buying Property Tips#4: Do the Math Properly|
|Get a precise idea on the value of assets you have available. If you are investing in rental property, make sure you can easily cover the mortgage payment through rents. Additionally, get a clear idea on the appraisal value of the property beforehand.|
|Buying Property Tips#5: Consider Additional Expenses|
|When purchasing an investment property, it is not only the selling price that investors need to consider. There are various additional expenses such as property tax, home owner’s insurance, repair & maintenance that must be considered.|
It was originally an industrial locality and was a hub of various business offices providing a reason for the investors to live around for employment. Raymond, Kors, Glaxo SmithKline, TCS, Voltas and many other well-known companies are located here.
Transit Channels :
It is located in thane enjoys an immaculate connectivity with various roads and railways that have attracted many investors to buy flats in thane west. It is also connected to various parts of Maharashtra and Mumbai via Ghodbunder Road and mainly cleaved in two parts i.e. Pokhran Road 1 & 2 where Pokhran rd 1 originates from left of Cadbury Junction signal and Pokhran rd 2 originates from Majiwada junction.It also has many auto-rickshaw and bus services that frequently run between other suburbs of Mumbai and Thane. Services between Thane city and Mumbai city is provided by BEST buses. It also enjoys a good connectivity to western part of Mumbai. The connectivity to western suburbs of Mumbai will be intensified with the emergence of two flyovers in the locality.
Thane Pokhran rd is very close to Eastern Express Highway leading to a good connection to south Mumbai and other eastern suburbs. Important business areas like Ambarnath and Dombivali located in Thane have close proximity to Pokhran road. Also Business areas such as Powai SEZ and SEEPZ can be reached via Eastern Express highway and other prime arterial routes like JVLR (Jogeshwari-Vikhroli Link Road). These seamless transit system, has grabbed the desire of many young investors to buy a property in Thane west.
Overall, the present rate of infrastructure and connectivity development implies that this locality located in Thane west has good future promises and has all the reasons to look forward to for becoming the best and well-planned locality in Thane, topping the chart of real estate developers and investors.
|Buying Property Tips#6: Inspect the Property|
|To ensure that you are getting everything you are paying for, a thorough inspection of the property is essential. Besides ensuring that you are not overpaying, a rigorous property inspection also gives you a good estimation on what the additional expenses might be.|
|Buying Property Tips#7: Pick the Right Financing Option|
|While interests on investment property loans are tax free, some borrowing costs aren’t immediately tax deductible. Knowing that, and structuring your financing in accordance is crucial. Don’t hesitate to ask for help from a financial advisor.|
|Buying Property Tips#8: Invest through Equity|
|One of the best ways to purchase an investment property is to leverage the equity of another property (including your primary home). This is a preferable way among regular investors, especially due to added tax deduction advantages.|