Financial Chronicle: First Time Home Buyer? Count Your Extra Outgo On The House

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When investing in an apartment or a house, the first time buyers should be careful about additional charges such as taxes and maintenance, which he reckons only after the deal is struck and the details are explained to him.

Besides the cost of the property calculated per sq.ft for the total are, the buyer has to plan additional 20-30 percent of expenditure on stamp duty, registration fee, service tax, advance deposit of maintenance charges for 12 months, legal charges, water and electrical connection fees, car parking, club charges and other charges.

Times Property: Housing for all – A distant dream?

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It is important to minimize costs for construction of low-income housing whilst balancing the amenities provided, while at the same time ensuring the safety and serviceability of the built structure during its lifecycle.

”For developers constructing in far-flung suburbs, the government must develop civic infrastructure and ensure better connectivity through roads and railways, as this will lead to an influx of people.” Said Abhishek Kapoor, CEO, Rustomjee Urbania.

Virar offers multi-dimensional benefits for affordable housing

Yazoo Park, Global City  - Virar

For Somesh Vaidya, who shifted to Virar from Borivili, it was a decision he would not regret. The area has excellent connectivity, more open space and social infrastructure is no less compared to the other suburbs. Another added advantage of buying property here is its easy accessibility to Mumbai via the Western Express Highway, which is just five kms from the area and the Metro is only in three kms. The roads are also constructed well and are in good shape.

Being the first station on the western railway’s suburban line, people get the benefit of travelling through local trains. It is the only station, which isolates Mumbai from other locations like Vaitarna, Safale, Kelwe, Palghar and Boisar.

Real estate has been booming because of players like Rustomjee, Ekta World, Bhoomi Group, Poonam Group, which have many good projects in the area. In the next two-three years, Virar is being considered as a major development city. Experts believe that if one is on a lookout for affordable housing projects, low- and high-yield investment near Mumbai, Virar is a good option. One room kitchen, one-BHK and two-BHK flats in Virar are come at a reasonable price bracket of Rs 15-30 lakhs, while the prevailing rates are Rs 3,250-5,500 per sq ft. The built-up area of a one room kitchen is about 350 to 450 sq ft and a one-BHK unit here is about 520 sq ft and two-BHK is 760 sq ft.

Read more: Virar offers multi-dimensional benefits for affordable housing

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The Next Big Thing For Property Lovers!

Yazoo park at Global City - the 217-acre self sufficient township at Virar

Yazoo park at Global City – the 217-acre self sufficient township at Virar

The city of Virar in Maharashtra is a part of the Mumbai Metropolitan Region. The real Estate sector in the city has been experiencing a major boom owing to its tourism and top construction companies like Rustomjee, which is carrying on construction in Virar in full swing. It is being anticipated that in the coming 3-4 years the city will change into a major developed city.

Read more: The Next Big Thing For Property Lovers!

News Update: Reforms in township policy to promote planned development of Mumbai real estate market

Rustomjee Urbania - Thane

Rustomjee Urbania – A 127-acre self sufficient township in Thane.

Living in an integrated township is a growing trend. The new age home buyer is showing a preference for community living that offers a mix of amenities at the doorstep. To make townships more viable, the state government has introduced some reforms in the township policy.

According to the fresh policy as approved by the Chief Minister, the state government has decided to make it mandatory for special township projects to set aside up to one-fourth of the land for economic activity. The idea is to create new economic centers and better employment opportunities. This will also de-congest existing business hubs.

Read more: Reforms in township policy to promote planned development of Mumbai real estate market

Mid Day: Sample Flat features Rustomjee – Evershine Global City

Mid Day Hot Property features sample flat of Rustomjee-Evershine Global City, a 217 acre township that is located in Virar (W).

Rustomjee Evershine Global City is an integrated township with 1-2-3-4 BHK flats. It has a club house with facilities like swimming pool, hi-tech gym, squash court, tennis court, banquet hall, food court, multiplex, etc.

Sample flats at Global City, Virar

Global City – A 217 acre township in Virar (W)

Global City is a township jointly developed by Rustomjee and Evershine Developers in Virar (W), which is spread across 217 acres of land focusing on sustainable development. This township is the largest in western suburbs and one of the highest selling projects in India. This property in virar comes with an array of exclusive amenities and features. This project is just 1.5 Km away from Virar Station. The residents of the new flats in virar west at Global City, shall enjoy a host of social infrastructural features like wide roads, 12 acres recreational area, and clubhouse, schools with large playground, hospital and proposed shopping mall.

The Project is currently offering 1 BHK, 2 BHK, 3 BHK & 4 BHK flats in virar west. Global City has received certification from Cityscape Asia as – Highly commended for the category of Best Developer – Mixed Use (Future) 2010 and Best Integrated Township – Realty Plus (West zone) 2012.

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Homes at Global City, Virar (W)

Homes at Global City, Virar (W)
Designed over a sprawling 217 acres, Global City at Virar(W) is a self- sufficient township located in the flourishing city. Global City boasts its very own 12-acre amusement park called Yazoo Park. Every aspect of the township is developed to change the way you live, work and play. Here’s a look at the homes offered at Global City, Virar (W).

“Global City” wins ‘Integrated Township of the Year’ Award (West Zone)

Mr. Vishal Gill, accepts ‘Integrated Township of the Year’ Award (West Zone) at Realty Plus Awards for Global City, Virar.

Keeping up with the passion to set new milestones and adding a feather to its cap each year, “Global City” at Virar (W) wins the award for the ‘Integrated Township of the Year’ (West Zone) at the Realty Plus Excellence Awards 2012.

The Jury at Realty Plus that made this selection consisted of eminent stalwarts from the industry, government bodies and some of the best institutions in India, that makes Rustomjee feel extremely proud of receiving this recognition.

Fun time at Yazoo Park

Experience trill, adventure and endless entertainment at thisnewly opened amusement park in Vasai- Virar

Get ready!!! Get Yazooooooed!!!