|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.|
Panch Pakhadi is located in thane city, in the state of Maharashtra, India. As the name indicates, it really stands for five parts and is sheltered by the head office of TMC (Thane Municipal Corporation), next to Kachrali Lake.
Salient features :
Being one of the prime parts of Thane city, it is a beautiful locality with nature's beauty all around that offers fresh atmosphere and aesthetically pleasing environment.
Initially, it was a locality having five large fields owned by different landlords but now it is an urbanized area having ample of commercial and residential complexes.
It is integrated with well known schools of thane. Many banks and ATM's have their branches here.
The connectivity factor is very well organized with wide roads and all public transport facilities.
Connectivity Overview :
Located close to Teen Hath Naka and Naupada Junction of Thane, Panch Pakhadi is at a short distance from thane railway station.
The most significant highway that is Eastern Express highway is in close proximity to the locality.
Thane Municipal Transport bus services are facilitated in the locality with an excellent frequency.
|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.|
Many other crucial roads of the city such as Pokhran road, Ghodbunder Road etc. are at very short distance from Panch Pakhadi.
Auto rickshaw and cab services are made available in the locality to help the travelers in having a hassle free commute to the internal roads of the area.
Accessibilities Overview of Panch Pakhadi Thane :
Panch Pakhadi 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 :
Kachrali Talao or Kachrali Lake is one of the beautiful visiting spot in Panch Pakhadi. It has a scenic view with one Tree Island on it. It attracts people with its Jogging Tracks, Exercise Area and kids play area. It has a circumference of 500 meters. The premise of the Lake has Lord Ganesha Temple. The Government has brought large number of Ducks in the lake that majorly reside on the one tree Island of the lake.
Many other temples like temple of Parmarth Niketan, lord Shiva a Hindu worship place cum meditation place etc. are present in the vicinity.
Thane is now a part of the Smart City mission rolled by the government. With rapid transformation all peripheries including Panch Pakhadi will see a growth in real estate.
|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.|