|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.|
Ghodbunder Road is located in thane west, Maharashtra, India. Stretched entirely through the district of Thane, it is also titled as State Highway 42. Thane has many peripherals areas but Ghodbunder Road in thane west has emerged as the most preferred destination for home buyers as well as investors. Ghodbunder Road has seen rapid appreciation over the years and is still continuing to do so.
Salient features :
Ghodbunder Road was a locality with ample of raw land and was least developed with real estate properties. This got the eye balls rolling of many eminent developers and they have been highly contributive in transforming the real estate landscape.
The locality boasts of great connectivity, renowned institutes, hospitals, banks, restaurants, gardens and much more.
It is the major road in thane that has evolved incredibly in the infrastructural and real estate field. From affordable apartments to premium properties, the area offers a wide assortment of housing options.
Connectivity is one of the premier factor through which the residents can easily and comfortably travel to their work place. And to enhance the existing transit system, plan for flyovers and metro trains are proposed to let people enjoy the modern Transit systems.
Connectivity Overview :
Ghodbunder Road is at 12 minutes driving distance from Thane railway station. The roads length is stretched to about 20 Km and is linked to the two prime Highways i.e. Western Express Highway and Eastern Express Highway.
|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.|
Western Express Highway emerges from Bandra and becomes National Highway 8, to serve as a route for Gujarat, whereas Eastern Express Highway starts from Sion and becomes National Highway 3.
Thane enjoys excellent connectivity to Navi Mumbai via Ghodbunder Road.|
Bus services available in the locality include Mumbai City Bus (BEST), Thane Municipal Corporation (TMT), Navi Mumbai Municipal Transport (NMMT), Mira Bhayander Municipal Transport (MBMT) and Vasai Virar City Bus (VVMT). The road already enjoys flyovers at Manpada, Patlipada, Waghbil and Kapurbawdi.
With the existing connectivity, Ghodbunder Road offers smooth exit to all the parts of Mumbai and beyond.
Accessibilities Overview :
Ghodbunder Road facilitates its locals with all important accessibilities such as Schools, Hospitals, Bus Stops, Banks, Gardens, Restaurants, Malls, and Movie Theaters etc. at a very short distance.
Presence of Schools & Institutes,Malls,Cinemas,Hospitals,Banks & ATM,Restaurants,Garden & parks adds cherry on the cake.This facilities attracts people to reside in this locality to fulfill their lives with happiness and peaceful surrounded environment like heaven.
Interesting Spots :
Ghodbunder Road Passing delivers a scenic view of Thane Creek and Yeoor Hills. The residents can go for trekking to Yeoor Hill on their holidays.
Ghodbunder Road also has historical spots like Ghodbunder Fort located on hill and southern part of Ulhas River. Being an ancient spot, the fort is under renovation to preserve its beauty and make it a tourist point.
There are also many getaway resorts and picnic segments around the area for the visitors. Sanjay Gandhi National Park is at a short driving distance from the locality.
Suraj Water Park, a famous water park in Mumbai is located here. Tikuji – ni – wadi is at a short driving distance from Ghodbunder Road.
|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.|