Category: Blog

Aaradhya Parkwood – Your Place, Your Story

“Home is where love resides, memories are created, friends always belong, and laughter never ends.” – Unknown

What is a home? It’s more than just a physical structure. It’s a humble abode where you reside with your family, your comfort zone, and a place where you unwind and create memories. Finding the ideal house for your family can be challenging, especially in Mumbai, where space is limited, and real estate costs are high. However, there is a solution to this problem – Aaradhya Parkwood in Dahisar. In this article, we will explore why Aaradhya Parkwood is the perfect place to raise your family and make it your home.

Location

Amenities

Picture this: You wake up to the gentle rays of the morning sun streaming through your window at Aaradhya Parkwood. As you step out onto your deck, the serene view of the swimming pool catches your eye. The glistening water beckons you for a refreshing dip after a long day. After your swim, you head to the fully equipped gymnasium, where you find state-of-the-art fitness equipment and trainers ready to assist you in achieving your health goals. As you work up a sweat, the panoramic view of the lush green surroundings keeps you motivated. Later, you take a leisurely stroll along the well-designed jogging track, surrounded by landscaped gardens that provide a sense of tranquillity. Meanwhile, your children explore the dedicated play area, filled with laughter and joy. Finally, you unwind at the clubhouse, a perfect place to socialize and connect with your neighbours, creating lifelong friendships and cherished memories.
At Aaradhya Parkwood, these amenities are not just features but a gateway to a luxurious and fulfilling lifestyle.

Floor plans

The project offers a range of 1 BHK and 2 BHK flats in Dahisar, designed to cater to different family sizes. The 1BHK flats have a carpet area of 450 sq. ft, while the 2BHK flats have a carpet area of 650 sq. ft. The apartments are designed to maximise space utilisation and provide residents with a comfortable living experience. Floor plans are thoughtfully designed to ensure abundant natural light and ventilation in each apartment.

Investment potential

Apart from being an excellent option for end-users, Aaradhya Parkwood also offers tremendous investment potential. Dahisar is an upcoming Mumbai suburb expected to see significant growth in the coming years. In addition, the suburb is located close to several upcoming infrastructure projects, such as the Mumbai Metro Line 7 and the Coastal Road, which will further enhance its connectivity to other parts of the city. This is expected to lead to a significant appreciation in real estate prices in the area, making Aaradhya Parkwood an excellent investment opportunity.

Views, Advantages, and Features

Urban vs Suburban Real Estate: Which is Booming and Why?

When discussing real estate, one of the most crucial decisions to make is whether to invest in an urban or suburban area. So what is real estate? Real estate refers to property consisting of land, buildings, and natural resources such as crops, minerals, or water. It encompasses both residential and commercial properties. The choice between urban and suburban real estate depends on various factors, including personal preferences and investment goals.
This article explores the differences between these two types of areas and discusses the factors that contribute to their respective booms. Additionally, it addresses frequently asked questions and includes interesting notes to make it more engaging and informative.

What is the difference between urban and suburban areas?

Urban Area and Urban Real Estate:

Suburban Real Estate:

Mumbai Real Estate:

Frequently Asked Questions:

1. What are the advantages of investing in urban real estate?
Suburban real estate can be a good investment option for those seeking a quieter lifestyle and more space. Suburban areas often have lower tenant turnover, affordability, family-friendly locations, and lower crime rates. However, it’s important to consider zoning restrictions and maintenance requirements.

2. Are suburban areas a good investment option?
Investing in urban real estate can provide high returns due to the demand and potential for growth. Urban areas offer proximity to job opportunities, cultural attractions, and entertainment options, making them attractive to tenants.

3. Can suburban areas offer the same level of amenities as urban areas?
While suburban areas may not offer the same level of amenities as urban areas, they are becoming increasingly desirable as cities expand outward. Suburban areas often have access to essential services and amenities, and the demand for such areas is growing.

Conclusion:
In conclusion, urban and suburban real estate both have pros and cons. Your choice will depend on your personal preferences and investment goals. Therefore, it’s essential to carefully consider all factors before making a decision. Stay informed about industry news, debunk myths, and keep up with the latest trends to make well-informed real estate investment decisions.

5 Unique Features of MICL Residential Projects

We’re a leading real estate developer in Mumbai, known for our timely completion and exceptional residential projects that offer luxury living spaces with unique amenities and features. With a focus on quality construction, green living, and customer satisfaction, we’ve established ourselves as a trusted name in the Mumbai real estate market. From luxury homes in prime locations to sustainable and eco-friendly living spaces, we deliver quality construction and exceptional service to ensure customer satisfaction.

• Luxury Homes:

         Spacious layouts, premium fittings, elegant interiors and best amenities in residential projects in Mumbai

• Timely Completion:

         All projects are delivered ahead of schedule, and we enjoy keeping up the tradition of prompt completion and delivery

• Layout Planning:

         Project Layouts have been carefully designed to maximize light, air, and ventilation while remaining Vastu compliant

• Strategic Locations:

         Prime areas of Mumbai with excellent connectivity, convenience and lifestyle options

• Curated Amenities:

         Optimization of space to bring out thoughtful amenities and facilities for a individual’s overall development.

• Quality Construction:

         The EPC wing’s in-house engineering and construction expertise ensures quicker completion, a better finish, and a longer lifespan of the projects

• Customer Satisfaction:

         Exceptional service and support throughout the home-buying journey

MICL Residential Projects stand out in the Mumbai real estate market due to their unique features and commitment to excellence. With a focus on luxury living and customer satisfaction, MICL has become a trusted name in the industry.

Why ‘Location’ is the Most Important Factor When Choosing a New Home

The saying “location, location, location” holds true when buying a new home. A property’s location is one of the most significant factors affecting not only its value but also your quality of life. Today,we will explore various reasons why location should be your top priority when choosing your dream home.

Proximity to Work, Schools, and Amenities

Safety and Security

The safety of your neighbourhood plays a crucial role in your overall well-being and peace of mind. A location with low crime rates and good security features can help you feel more secure and enjoy your home life.

Important: Always research the safety and crime statistics of a neighbourhood before making a decision.

Resale Value and Appreciation

The location of a property can have a significant impact on its resale value and potential for appreciation. According to a study by the National Housing Bank (NHB) in India, properties in well-located areas have shown an average annual appreciation rate of 6.7% between 2013 and 2018, while the national average appreciation rate was around 4%. This demonstrates the potential for higher returns on investment when buying a property in a prime location. When choosing a new home, consider future developments in the area and their potential impact on property values.

Lifestyle and Social Life

The location of your home can greatly influence your lifestyle and social life. A well-situated property offers easy access to recreational facilities, restaurants, shopping centres, and cultural attractions. Choosing a location that aligns with your hobbies, interests, and social preferences can significantly enhance your quality of life.

• Look for neighbourhoods with nearby parks, sports facilities, and entertainment options
• Consider the availability of restaurants, cafes, and shopping areas within the vicinity
• Evaluate the cultural offerings of the area, such as theatres, art galleries, and community events

Infrastructure and Connectivity

Environmental Factors and Quality of Life

• Proximity to parks, gardens, and other green spaces
• Air quality and pollution levels in the area
• Noise levels from traffic and other sources

Make the Right Decision

MICL Group understands the importance of location and is committed to offering properties in prime locations with excellent connectivity, modern amenities, and a focus on the quality of life. As one of the leading real estate developers in India, MICL Group has delivered many landmark projects across cities like Mumbai, providing residents with the best possible living experience.

To find your dream home in the ideal location:

• Explore MICL Group’s diverse range of residential projects, offering top-notch amenities and facilities
• Consult with MICL Group’s team of experts for personalized guidance on selecting the perfect property based on your needs and preferences
• Visit the MICL Group website or contact the team for more information on projects and the benefits of choosing a property in a prime location

Remember, the right location can make all the difference in creating a comfortable, convenient, and fulfilling lifestyle for you and your family. By prioritizing location when searching for a new home, you can make a wise investment in your future and enjoy the numerous benefits that come with living in a well-situated property.

Stocks or real estate: Which is the better investment?

Investment is an essential aspect of every individual’s financial plan. Therefore, it’s important to have a carefully planned investment strategy, whether preparing for retirement, saving for education or other goals, such as purchasing a dream vehicle or planning a dream getaway.

With various investment options available, the two most common and preferred investment options are stocks and real estate. However, choosing between these two can be a tough decision for many. While stocks benefit from high liquidity, real estate offers stability and long-term returns. In this blog, we will delve into the pros and cons of both investment options to help you make an informed decision.

Can you add a paragraph stating what is the stock market or an introduction to the stock market followed by the same for real estate.

The stock market is a marketplace where publicly-traded companies issue shares of stock that can be bought and sold by investors. These shares represent ownership in the company, and their value fluctuates based on factors such as the company’s financial performance, industry trends, and broader economic conditions. The stock market is an important part of the global economy, and its performance is often used as a barometer of overall economic health.

Real estate is a tangible asset that can be bought and sold, and its value is determined by factors such as location, condition, and market demand. Real estate can be owned by individuals, businesses, or institutions and can be used for a variety of purposes such as residential living, commercial use, or investment. Real estate is often considered a long-term investment, as its value can appreciate over time, and it can also provide a source of rental income. The real estate market is subject to fluctuations based on factors such as economic conditions, interest rates, and demographic trends.

Upcoming luxury apartments in Mumbai

Real estate in Mumbai is a lucrative investment opportunity as it is one of the fastest-growing cities in India. With the growing population, the demand for residential and commercial properties is rising. Several upcoming luxury apartments in Mumbai are attracting investors from all over the world. These luxury apartments offer world-class amenities and have a high potential for appreciation in the long run. The real estate market in Mumbai is expected to grow further in the coming years, making it a safe and profitable investment.

Why is real estate better than stocks?

Real estate offers several advantages over stocks.

Firstly, real estate is a physical asset that can provide long-term stability and security.
Secondly, real estate offers the potential for regular rental income, which can provide a steady source of cash flow.

Thirdly, real estate has a high potential for appreciation in the long run, which can provide significant returns on investment.

Lastly, real estate offers a hedge against inflation, as the property’s value increases with the rise in the cost of living.

On the other hand, stocks offer high liquidity, making it easy to buy and sell shares quickly. Stocks are also relatively easy to understand and analyze and provide a diversified portfolio for investors. However, the stock market is highly volatile, and the returns are subject to market risks.

How to invest in real estate?

Investing in real estate requires a considerable amount of capital, but it can also offer high returns in the long run. Here are some tips to help you invest in real estate:

1. Research and analyze the market before investing.
2. Look for properties in areas that are expected to grow in the future.
3. Hire a real estate agent to help you find the right property.
4. Consider the potential for rental income.
5. Make sure you clearly understand the legal and tax implications of investing in real estate.

Is it better to invest in stocks or real estate in India?

The answer to this question depends on your financial goals, risk appetite, and investment horizon. For example, stocks may be a better option for you if you are looking for high liquidity and short-term returns. However, real estate may be a better option if you are looking for long-term stability and growth.

Real estate in India has seen significant growth in recent years, with several new projects coming up in various parts of the country. The Indian real estate market is expected to grow further in the coming years, making it a safe and profitable investment option. However, investing in real estate requires considerable capital, which may only be feasible for some.

On the other hand, the Indian stock market is highly volatile, and the returns are subject to market risks. However, with the proper research and analysis, investors can identify profitable stocks and earn high returns on investment.

Conclusion

In conclusion, both stocks and real estate offer unique advantages and disadvantages. Evaluating your financial goals and risk appetite is crucial before making an investment decision. While stocks offer high liquidity and easy access to a diversified portfolio, real estate provides long-term stability, steady rental income, and appreciation in the long run. Ultimately, the choice between the two depends on your individual needs and investment horizon.

Advantages of Buying a Property as a Co-owner

The decision to buy a home is one of the most important ones in life. It involves a lot of planning, research, and investment, which can be time-consuming but rewarding. Buying a home on your own is difficult, even if you have a large savings account or a decent credit score. That’s why many people opt for joint ownership of property, where they share ownership rights and responsibilities with another person or entity.
So what is joint ownership?
Joint ownership of property means that two or more people or entities own a property together and have equal rights over it. They can be spouses, relatives, friends, business partners, or co-borrowers of a loan.
Sounds amazing, right? But what are the advantages of joint ownership?

Joint ownership can have many advantages, such as:

Loan Payments and Eligibility

One of the main benefits of buying a property in joint names is that it can increase your home loan eligibility. This is because when establishing the loan amount and interest rate, if you apply for a house loan through another person or organisation, the lender will take into account both your income and credit history. This can help you get a more significant loan amount and a lower interest rate than if you apply alone. Having a partner to share the burden of debt repayment can be helpful, especially in trying circumstances like family crises, job changes, and other significant transitions.

Double Tax Benefits

Another advantage of joint ownership is that it can offer you double tax benefits. According to the Income Tax Act, each joint owner can claim a tax deduction of Rs 1.50 lakhs for principal repayment under Section 80C and Rs 2 lakhs for interest payment under Section 24. This means that if you and your co-owner are both eligible for these deductions, you can save up to Rs 7 lakhs in taxes per year. First, however, you must ensure that both of you are co-borrowers of the loan and have contributed to the repayment proportionately.

Stamp Duty Benefits for Women Co-owner

In some states, women can also benefit from reduced stamp duty rates when purchasing a home in joint names with their partners or anybody else. For example, Delhi, UP, Punjab, Haryana, and Rajasthan offer lower stamp duty rates for women than men. This can help you save some money on the registration charges of the property.
In addition, joint borrowers who are joint owners of the property may each claim a deduction up to the restrictions mentioned above according to their respective ownership interests. However, jointly they cannot claim more than the actual amount of the home loan repaid.

Easy Succession of Jointly-owned Property

One more benefit of joint ownership is that it can make the succession of the property easier in case of the death of one of the co-owners. For example, suppose the property is owned jointly with the right of survivorship, which means that the surviving co-owner automatically inherits the share of the deceased co-owner. In that case, there is no need for probate or legal formalities to transfer the title. However, if the property is owned jointly as tenants in common, which means that each co-owner has a separate share in the property that can be transferred to their heirs, then probate may be required to settle the estate.

Let’s Get You Started

As you can see, joint property ownership has many advantages that can make your home-buying process more accessible and more affordable. However, common ownership also comes with some risks and responsibilities that you should be aware of before entering into such an arrangement. Therefore, you should always consult a lawyer and a financial advisor before signing any agreement or contract regarding joint property ownership.
If you are looking for some of the best luxury apartments in Mumbai that offer spacious living spaces, modern amenities, and excellent connectivity, then you should check out MICL Group. MICL Group is one of the leading real estate developers in Mumbai, delivering many landmark projects across the city. So whether you want to buy a property alone or as a co-owner, MICL Group can help you find your dream home at an affordable price.
To know more about MICL Group and their projects, visit their website or contact them today.

Why Buying Real Estate During a “New Launch” Phase Is a Great Idea!

“Owning a home is a keystone of wealth, both financial affluence and emotional security” – Suze Orman, Financial Advisor

Investing in real estate has long been regarded as a highly profitable and secure investment,
and this is a widely acknowledged fact.

Real estate investments are a popular choice for investors who want to build their wealth over time. However, not all real estate investments are created equal. Buying a property during its “new-launch” phase offers several advantages that are definitely worth considering.

What is a “New-Launch” Phase?

A “new-launch” phase refers to the period when a new property is being developed and made available for purchase. During this phase, developers offer discounts, special incentives, and other perks to attract potential buyers. The new property is usually completed and ready for occupancy within a year or two. The new property may be a residential or commercial property.

Benefits of booking in the Pre-launch phase

• Lower Prices

One of the most significant advantages of buying property during its new-launch phase is the lower price. Developers usually offer a discounted price during this phase to attract buyers. This discount may be anywhere from 5% to 20% lower than the market price of a similar property in the same area. The lower price is an excellent opportunity for buyers to purchase a property at a lower cost and get a higher return on their investment.

• Customisation

Buying a property during its new-launch phase also offers buyers the opportunity to customise their property according to their preferences. Developers usually offer customisation options, such as choosing the colour of the walls, the type of flooring, and the kitchen cabinets. Buyers can personalise their property before it is completed, making it feel like their own.

• More Choices

During a new-launch phase, developers usually offer a variety of options for buyers to choose from. Buyers can choose the floor plan, the location, and the size of the property that best suits their needs. Buyers can select a property that fits their budget and offers the features, floor options and views they desire.

• Higher Return on Investment

The lower price of a property during its new-launch phase also means that buyers can expect a higher return on their investment. As the property nears completion and occupancy, its value is likely to increase. Buyers who purchase a property during its new-launch phase can expect to see a significant appreciation in the property’s value over time.

• Potential Rental Income

Buying a property during its new-launch phase also offers the potential for rental income. The property can be rented out once it is completed and ready for occupancy. The rental income can provide a steady stream of passive income and help buyers offset their mortgage payments.

Important points to note

• Reputable builders with a track record of delivering projects on time without sacrificing quality are always recommended. MICL is one of the leading names in the sector with existing and upcoming luxury apartments in Mumbai.
• Location is a key point when it comes to real estate investment. Choose a property in an area with high development potential and good infrastructure.
• Ensure that a legal professional specialising in real estate law scrutinises all the required documents. Check for the project’s RERA registration status and approval from the local authority.
• Being clear about the end purpose will help you select the right property within your budget.

Conclusion

Buying a property during its new-launch phase offers several advantages, including lower prices, higher return on investment, customisation, more choices, and potential rental income. Buyers who invest in a property during its new-launch phase can expect to see a significant appreciation in the property’s value over time. This makes it an excellent investment opportunity for those looking to build their wealth over time. In case of MICL leading Projects like Aaradhya Parkwood, Aaradhya Evoq & Aaradhya Highpark are ongoing ones with all the modern amenities and facilities.

India is the second-largest real estate market in the world, and with the recent economic boom, plenty of interesting changes are occurring in this sector. Here in this article, we will take a deep dive into India’s real estate market and explore what to expect in 2023. Read on to find out more!

Introduction to the Indian Real Estate Market

By 2030, India’s real estate market is expected to reach US$ 1 trillion, accounting for 18-20% of its GDP. The report also states that the market will be driven by population growth, urbanisation, and economic development.

With regards to investments — the Indian real estate market is highly attractive to foreign investors. It is because the country offers several benefits, such as a large pool of potential buyers, easy availability of credit, and a stable political environment. Additionally, India has been ranked as the second-most preferred destination for real estate investment by global institutional investors, according to a survey by Jones Lang LaSalle (JLL).

Analysis of the Current Economic Environment

However, several factors should be considered when assessing the current economic environment. First, India’s population is expected to grow by over 1 billion people by 2050, which will lead to increased demand for housing and other types of real estate. India’s economy is highly dependent on agriculture, which can be susceptible to droughts and other weather-related events. 

Finally, the Indian government has implemented some reforms in recent years that have opened up the economy and made it more attractive to foreign investors. These reforms include demonetising high-value currency notes and implementing a Goods and Services Tax (GST).

Trends in the Real Estate Market

First, there is a growing demand for residential property as more people move to urban areas in search of better opportunities.

Second, there is an increasing preference for ready-to-move-in homes, as buyers are looking for properties they can occupy immediately.

Third, there is a growing appetite for luxury homes, as buyers are willing to pay premium prices for quality and comfort.

Lastly, there is a shift towards eco-friendly and sustainable development, as developers are looking to address the growing concerns about climate change.

Factors Affecting the Indian Real Estate Market

Numerous factors affect the Indian real estate market. The most significant of these is the country’s population growth. The population of India has surpassed China. A young population and an increase in urbanization drive this growth. As more people move to cities, the demand for housing increases.

Other factors that affect the Indian real estate market include economic growth, interest rates, inflation, and government regulations. India’s economy has been growing rapidly in recent years, making it an attractive destination for investment. In addition, interest rates and inflation have been relatively low, making financing easier for buyers. However, government regulations can be complex and vary from state to state, making it difficult for investors to navigate the market.

Why Invest In Real Estate 2023?

1. High Demand: The Indian real estate market is expected to grow in 2023, driven by rising population, urbanisation, and increasing disposable incomes. As a result, there is likely to be strong demand for residential and commercial properties in the country.
2. Increased Returns: Real estate has traditionally been considered a stable and profitable investment option, likely to continue in 2023. With the Indian economy recovering from the pandemic, real estate is expected to provide attractive returns for investors.
3. Tax benefits: The Indian government offers several tax benefits for real estate investors, such as deductions on home loan interest and capital gains tax exemptions. These tax benefits can help increase the returns on real estate investments in 2023.
4. Rental income: Investing in rental properties in India can surely provide a steady stream of passive income for investors. With the population growing and urbanisation increasing, the demand for rental properties is also expected to rise in 2023.
5. Diversification: Investing in real estate can immensely help diversify an investment portfolio and reduce risk. Real estate can act as a hedge against inflation and provide a stable source of returns in case of market fluctuations.

It’s important to note that, like any investment, real estate carries risk, and it’s important to research, consult with professionals and make informed decisions.

Conclusion

By 2023, we can expect increased activity in affordable housing, green building technology, private equity investments, and other forms of investment in this sector. Those who keep their eyes open for opportunities will benefit greatly from India’s ever-growing real estate market.

If you are planning to invest in Real estate? Trust nothing but the best; Explore Projects from MICL, the best luxury apartments in Mumbai and pick the best. 

To know more about our new project  Aaradhya Parkwood