Category: Blog

Real estate can be profitable when people have the knowledge to make wise investments. Consider the time it takes to find new residential projects in Mumbai in which one can invest. Then, learn evaluation techniques from real estate developers in Mumbai, to determine the suitability of properties for your investment portfolio.
The commercial side of real estate can be an appealing proposition for any investor. It offers you the ability to dip into a new pool of clients and grow your business interests. But, the commercial side of real estate is also a different area that requires some additional considerations versus the residential side of the business. Patience is a virtue with these transactions, as the sales cycle is longer, requiring an investor to remain vigilant about the fluctuations in the market demand. But many indicators point to commercial real estate as a strong choice for ones looking to move their business forward in 2018.

Understand the Market
Investors need to understand the market they are investing in. Having a good wherewithal of the fundamentals (legal implications, competition, vacancy, rents, etc.) will allow them to make savvy investments that could yield high returns. This will enable investors to fine tune their commercial real estate investments and diversify their portfolio.

Assess Risk by Property Type
Risk assessment is very different in commercial when compared to residential real estate and varies greatly by property type. The success of two properties right next to each other is typically similar, while commercial buildings in a similar position could fluctuate independently, so it’s important to understand the range of risks inherent to your potential investment.
It is easy to get emotional about a deal, no matter how experienced you are. If you know your numbers and stick to them, it takes the emotion out of the equation. This can save your wallet, big-time. Try to obtain and confirm every bit of information you can about an investment — not just the physical property but the history and potential future of revenue, operating expenses, and capital costs.
The geographic boundaries in which you intend to invest will be mostly restricted by whether you intend to outsource property management services or manage the property yourself. If the latter is the desired route, you are going to want to look for properties that are within a relatively close travelling distance. Locations with a growing job market tend to attract more people. More people means more renters, especially if you target an area with a large rent/own ration. One of the top considerations for your renters may hinge on the school district and specific schools that they want their children attend. Researching the local schools will be a key variable which can increase your renter pool as well as significantly impact the overall appreciation of your investment property.
When you have the type of property you desire and the neighborhood narrowed down, look for the best properties that have both appreciation potential and good projected cash flow. You should choose experienced and seasoned real estate developers in Mumbai, who have a proven track record of helping buyers with the acquisition of investment properties.

Dream Homes in Mumbai
Home interior designers work dedicatedly to bring out the best from the rooms and spaces available in a home. The most important room in any house is the bedroom as one spends more than one-third of their lifetime in the bedroom. The bedroom is a place of privacy and intimacy and the comfort and quality of sleep determines one’s overall health. Thus, it is very important to feel contented, happy and cozy in the bedroom.
While, not everyone can afford to hire an interior designer to come into their home, guiding all their design decisions. Some of us want to be the ones who make our own design decisions, using our own individual style and preferences.

How real estate developers & companies help you
Getting a property, for home or office use, is one of the most emotional decisions you can make because a real estate transaction is more than just purchasing or leasing a building. When real estate developers and professionals collaborate with interior designers to create imaginative environments, it translates to a relationship that makes your purchasing decision far easier as you won’t have to re-imagine an empty space. Many  ongoing residential projects in Mumbai by MICL Group have been undergoing this process in recent times. So here are the few tips that can help you transform the way your house looks.

1. Colour Schemes: Use Three Colours or Shades
You need to choose a colour scheme for your home, which is the first step of the whole process. Colour is so personal and creates moods within us that inspire. No matter what, choose the colours that call out to you. Let’s say you choose a colour combination of brown, teal and tangerine. A shade of brown would probably be the wall colour, teal may be the colour you choose for accent chairs or an accent wall, and tangerine could be the colour you pull out in pillows and accessories. This formula of three colours works in any combination. Just remember, three is better than one or two, as a room done in one colour is boring. Yes, you can have an all-white room but with three shades of white.

2. Add Texture to Your Home
Equally important to colour, is texture — especially if you crave a single-colour scheme such as all-white or all-grey. A room at first glance can seem like a single-colour scheme, but if you look closely you will notice shades within the same colour and plenty of texture via fabrics/textiles.

3. Use decorative mirrors to add instant light to your living space
As seen above, mirrors can also be used to make a small space feel larger. For larger rooms, or any room with a more limited amount of natural light, mirrors placed directly across from the windows, will add instant light. Decorative mirrors can also be used in lieu of art to fill empty wall spaces. Large or small, mirrors add light and dimension to your living space.

Doing up the interiors of your home is a long process that requires a lot of thought put into it and sometimes also required the help of a professional. Either way, your home is an extension of your personality so one must be keen to design and decorate it accordingly. For those who want to do it up by themselves, they can find plenty of inspiration online.

Mumbai Real Estate – An Overlook
There is no doubt now that between 2016 and 2017, Mumbai’s complex real estate landscape has undergone a metamorphosis. This transformation consists in large part of the consequences of close to a decade of unorganized growth, unsystematic business practices, the influx of many low-quality ‘developers’ and the final tapering off, of increase in real estate prices.

The key challenge for real estate developers in Mumbai, despite the desire of a lot of stakeholders to blame developers exclusively, is the broken nature of our permitting system. Myriad departments, opaque land laws, constantly changing regulations and dramatically increasing governmental premia have all led to a fundamentally unpredictable underlying business model for real estate development in Mumbai.

How Sion Got into the Game
Geography is one of the primary factors responsible for Sion’s astronomic real estate prices for new projects in Mumbai . High investor activity always plays a big role in driving up real estate prices, and non-resident Indian investors comprise a significant chunk of residential real estate buyers in Mumbai, since it offers better returns for property investment when compared to cities in their countries of residence. Another reason for high demand from NRIs for a property in Sion is the fact that Mumbai, as a global city, offers luxury apartments in Sion that can match what they have grown accustomed to in developed countries. Inhabitants of the city’s far suburbs would contest for flats in Sion.

Connectivity
The announcement of the Sion-BKC Link, the construction of the road and bridge over Mithi River is set to commence in a few weeks, this will benefit the residents of Wadala, Chembur and Sion. So, if you are looking for a home, a  3 and 4 BHK flats in Sion, then this is the right time to take a step forward. Just few years and Sion will have our major infrastructure projects that are ready and rocking, which would mean most of our Metros, Trans Harbour Link, Goregaon Mulund Link Road, Ghansoli Ghatkopar Sea Link which is also going to connect Dombivali ahead etc. will all be ready.

( Also read about :  The Right Time To Buy A Dream Home At Sion  )

Find your Dream Home with the MICL Group
MICL Group is one of the pioneering real estate developers in Mumbai. Our legacy dates to 50 years+ in the field of construction that began with our parent company, Man Infraconstruction Ltd. Our “Signature Sion Project” features a blend of modern amenities that are most sought after in the heart of Eastern Mumbai in Sion. In these luxury apartments in Sion, you can now fulfill your desire of having a home here at a prominent locality. With the finest craftsmanship in these 3BHKs in Sion, you need not compromise on your needs; and all of this at a satisfactory price.

Aaradhya Signature is laden with thoughtful amenities to live in style and comfort. It has a kid’s play area, gymnasium, swimming pool, reflexology path and many other rejuvenating amenities at hand.
It also possesses 4BHK duplexes that are designed to give you a unique experience. You can choose these homes if you have a bigger family. It is now ready for fit outs & its OC expected soon, that makes buying this ready property very beneficial.

Fuelled by the soaring demand for homes, the real estate developers in Mumbai have been experiencing a considerable growth in the last few years. Even areas outside the suburbs, which were earlier overlooked by builders, have become highly viable, thereby helping create opportunities for more and more micro-markets. Chembur, located strategically, and connected to South Mumbai via the freeway, the Western Suburbs via the SCLR, Navi Mumbai via the Sion-Panvel Highway, and Central Mumbai via the Eastern Express Highway, is one such area which has rapidly risen in popularity, lately.

As such, it is positioned perfectly to not only meet the ever-increasing demand for  2 and 3 BHK flats in Chembur , but also to address the lack of space and infrastructure, a major concern in several other areas of the city. Its proximity to business districts and airports, along with its connectivity to the rest of Mumbai, makes commuting easy for professionals, resulting in a huge increase in the number of home owners looking to buy properties here. Furthermore, upcoming projects like the Navi Mumbai International Airport, the Monorail Phase-II Wadala to Jacob Circle, and the elevated road from BKC to Sion, are expected to majorly increase the demand for residential properties in the area.

If you look at the time from 2007-2017, one can easily trace the growth story of Chembur. That period was a time when developers were looking to sell their  flats in Chembur on the super built-up area in the price range of Rs. 6,000-9,000 per sq. ft. Come 2010-2014, after the infrastructure boom, the prices started shooting up.

(Also read about :  Chembur East – A Growing Residential Hub )

Social amenities are also well-developed, as the place offers good schools, colleges and shopping areas. So, with all the facilities and amenities required to lead a healthy and luxurious life, Chembur still remains a highly sought-after place in Mumbai and if you too are looking out to buy a home, you should consider Chembur.

Capitalising the potential, many real estate developers have forayed in Chembur and are investing in the area at an unprecedented pace in accordance with growing demand of young generation who not only wish for homes designed as per modern standards but are also affordable. The availability of large industrial land parcels for residential developments amply supported this transformation. As large industrial land parcels were unlocked for real estate developments, several developers gravitated towards Chembur and the micro-market started buzzing with new developments. Along with its wealth of open public spaces in Gandhi Maidan, Annabhau Sathe Garden, Diamond Garden, Ambedkar Udyan, Sandu Garden, Tilak Nagar Ground and Jawahar Ground as well as The Bombay Presidency Golf Club, the stage is set for large-scale residential developments to take off in Chembur.

Being the cynosure of a big share of new real estate developments due to its strategic location advantage, Chembur is likely to witness significant new launches in the future. Hence investing in this locale of Mumbai will be a good option.

Investment in real estate of NRIs has grown drastically over the last couple of years. With the introduction of RERA (Real Estate Regulatory Act) and GST (Goods and Services Tax), and because of the demonetization effect there is a positive sentiment attached to the real estate companies in Mumbai currently. Real estate developers are now more transparent in their business dealings and people are placing their trust with the builders for realizing their dreams of owning a home. This can also be said in terms of NRIs as we are now seeing a growth in the number of NRI investment options in India. There are also quite a few financing options for NRI’s. Here’s how NRI’s can invest in Indian real estate.

FEMA- Foreign Exchange Management Act
The Foreign Exchange Management Act, 1999 (FEMA) is an Act of the Parliament of India “to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India”. FEMA started after the FERA act was repealed (where it was the previous trade policy that discouraged foreign currency in an economy and insulated the economy from being an open economy.)

FEMA covers three broad areas:
• Rupee convertibility
• Setting up of separate ED (Enforcement Directorate) for trying out criminal offenses in foreign exchange.
• Borrowings by corporate sector.

The other major roles are areas of foreign investment policy and exchange rate determination.

Financial transactions and funding
For any property investment in India, all the transactions should be done in Indian currency through Indian banks. One of the mandates is to have an NRI account in an authorised Indian bank.
An NRI can easily get funding for the purchase if his paperwork is clean. There are several NRI home loan schemes available under different financial institutions in India. Developers in Mumbai like Man Infra and other big names also aid in financing. If you are getting your property funded make sure that you have a minimum of 20% of the value of the new projects in Mumbai to invest from your own sources. You can take funding for a maximum of 80% of the value of the property.

Taxes
Taxes often define how, when and where one can invest in India. For NRIs though, that is also easier. The NRI is expected to pay registration and other service charges at the time of booking the home. Post that, the NRI is eligible for all the same benefits as an Indian citizen. However, if they sell the property within 3 years of purchase, the earnings are then taxable. While if you sell the property after 3 years, NRIs can reduce the long-term capital gains tax by investing in another property.
So, the next time you plan an investment in the Indian real estate industry back home, take a note of all these basic yet useful points.

The Goods and Services Tax (GST) Bill was approved in the Lok Sabha on March 29, 2017 with four supplementary legislations – The Central GST Bill, 2017; The Integrated GST Bill, 2017; The GST (Compensation to States) Bill, 2017; and The Union Territory GST Bill, 2017. The GST will subsume central excise, service tax, VAT and other local levies to create a uniform market. GST is expected to boost GDP growth by about 2 per cent and check tax evasion. The states will have to pass their State GST or SGST law that will allow them to levy sales tax after levies like VAT are subsumed.

The construction of a complex building, civil structure, or a part thereof, intended for sale to a buyer, wholly or partly, is subject to 12 per cent tax with full input tax credit (ITC), subject to no refund in case of overflow of ITC. In other words, residential construction services, will invite GST at the rate of 12 per cent, which will apply to developers selling  new projects in Mumbai before completion of construction to the home buyers.

Beyond the political overtones, the economics of the existing taxation structures, do not indicate a smooth transition, if the  real estate companies in Mumbai  were to be brought under the Goods and Services Tax (GST). There are many issues and grey zones that need to be ironed out before GST becomes a reality in real estate.

• Land is a state subject and stamp duty and registration of properties, are a major source of revenue for states.
• Combining the present rate of 12% GST plus 5-7% stamp duty, would make housing beyond the reach of many in India.
• Offering a slab of 5% and 12% for low-cost and other housing projects, respectively, may sound buyer-friendly, but revenue sharing between the center and the states would be a bone of contention.
• It remains unclear, whether the inclusion of real estate in GST, would check tax evasion in the property market.

Real estate industry stakeholders, hence, are watching the developments closely. They are conscious of the fact that if real estate is brought under GST, it could reduce multiple taxation and lessen the overall tax burden on home buyers and in the process, benefit builders, as well. However, the process seems far from easy, as it involves compensating the states for a major source of their revenue.

You can’t clean up the entire planet, but you can beautify a pocket of your neighborhood. Earth Day 2018 is here – and the Earth needs us more than ever. There are many groups in Mumbai who are taking immense efforts to cope up with our losses when it comes to use of plastic. Even the real estate developers in Mumbai have chosen to construct  pollution free new residential projects in Mumbai  that help turning concrete jungles slowly into greener ones, hence reducing the Greenhouse effect on the planet. This Earth Day, we must all choose to take a step forward to save our planet and bring in environmentally friendly measure to solve problems.

What is a Green Home?
Green homes are the ones that provide fresh air ventilation that improves indoor air quality. They also limit pollutants and contaminants in the home. One can get the green home certification from The National Green Building Standard™.

Tips for Green Homes
To bring change in the way we live, we must start taking steps today. Here are some ways below-
1. Say No to Plastic
More than a slogan, it’s a way of life. Plastic is harmful to the environment because, it takes 1000 years to decompose into smaller pieces, which seep down into the soil and release chemicals, which eventually reach the water supply. It kills animals in the water when they eat plastic bags thinking they are jellyfish. The manufacturing of plastic bags is harmful to the environment because non-renewable resources are used like petroleum and natural gas. The manufacturing process itself uses toxic chemicals, pollutes the atmosphere and consumes energy.

2. Plant a Tree for Green Environment
Climate change is our greatest challenge. Earth Day is a reminder to advance climate policy, energy efficiency and clean energy economy. As the challenges facing the planet continue to grow, it is increasingly apparent that the younger generation have got to live and thrive in a weakened environment. We must protect our home by planting more trees.

The Greener Side of the Homes by MICL Group
We at the MICL Group try to take care that our presence does not give a negative effect on the environment. Our homes are loaded with amenities that help residents go green. The rain water harvesting facility during the monsoons helps people save energy and the planet. Instead of just playing the waiting game and anxiously waiting during water shortages, this techno can gather precious drops by making your own rainwater harvesting system at home. If you collect and store it correctly, with minimal treatment rainwater can be used not only for garden watering, but toilet flushing and in washing machines. It could save up to 50% of household water use. Hence, we can help create a balance of water consumptions in the world.

Selling Benefits of Green Homes
To ensure that you get the most out of the eco-investments you make in your home, you need to effectively communicate all their benefits to prospective homebuyers. A home with green upgrades can also be a selling point simply because it means that homebuyers won’t have to spend time or money to update the property themselves.
The benefits of an eco-friendly home are plenty. They save you costs on bills with mostly nature generated power sources. They are also less toxic to the environment because they degradation of the eco-systems. We must all switch to greener ways of living to make the planet a better place for our future generations.

May 1 is celebrated all over the world as International Labour Day as a celebration of labourers and the working class. Labour Day 2018 is promoted by the Labour Movement for a collective organisation of working people over the world, and implementation of labour laws. The movement sprang in Britain, during the Industrial Revolution which ultimately gave birth to the Labour Party.
As leading real estate developers in Mumbai, the MICL Group makes efforts to make life easier for people toiling in the sun to build structures.

Labour struggle and issues in the country receive little attention. This issue is not glamorous enough for the mass media and nor does it drive up ratings. The key reason behind such a bizarrely skewed ratio of the formal and informal economy lies in India’s labour laws that implicitly incentivize contractual and informal employment. Although reforms to overhaul such laws to enlarge the size of the formal sector have not found too many patrons so far, there are growing demands for a better deal for the unorganized sector. The total labour force in India is estimated to be over 45 million. Of all labour issues, the informal economy, child labour and absence of social safety net are the most serious concerns.

The labour force in the country deserve adequate access to healthcare, education, skill development and safety at the work place. While economic transformation in the last two decades has eroded traditional, indigenous community support systems took care of periodic, or life-long, social and economic insecurities of individuals in the past. The existing social security institutions are afflicted with poor governance.

MICL Group with the help of its contractors, take measures to safeguard lives of the labourers and their family. They matter a lot to the organisation, as they do no less work than our engineers and architects. After all, they are ones who turn blue prints to reality. This International Labour Day, we thank all those hard-workers who do tremendous jobs in adverse work conditions without vain – the labourers of real estate. On Labour Day, we pay tribute to the hard work of the true nation builders, in the success of their dreams lies the progress of our nation.

Mumbai – the city of dreams is a place that inspires you at each step. Mumbai is a land, that has a population of almost that of Australia. Hence, we see plenty of people, each with a dream of his own. On asking people about what they love most about Mumbai, they had the most interesting answers.

Living in Mumbai comes added life into your life. This means, that Mumbai and the people of Mumbai teach you how to sustain in all kinds of situations. It teaches you to be tough, adapt to changes and still live life to the fullest in a busy day. People from all parts of the country come here to seek a way to their dreams. Real estate developers in Mumbai keep coming up with  new projects  to cater to people’s dwelling needs. The number of  ongoing projects in Mumbai  keeps increasing because of the population increase. Hence, with the growing demand for homes, people still find a place for shelter here. Following are just few of the reasons that people will always see Mumbai as their dream destination:

1. The amazing moving phenomenon called the ‘locals’
The Mumbai locals are the most preferable conveyance options of the city. Even if you want to travel from one end of the city to another, you will find an easy, fast and extremely cheap way to reach the place. Mumbai locals are the lifelines for the working class too, as reaching office on time depends on these railways each day.

2. A comparatively safer city
With so many people making the city their home each year, we must say that Mumbai is comparatively one of the safest cities in the country. A woman doesn’t really have to worry about reaching back home late night. The warm, helping people of the city make lives much more comfortable. You can get a mode of conveyance even at 12 am, hence making this place great to move freely even at night.

3. Appreciation to art
Along with the film culture that runs in the veins of all film buffs in India, Mumbai is also a great place for art connoisseurs. From dance to music, and theatre to fine art, one will find the best of everything they want to savour in the artistic world. A list of renowned artistes, have found recognition in this city such as Bombay Jayshree, and many more.

4. Find yourself by the bay
When in doubt, just back up and have a tête-à-tête with the sea and the many beaches and of course the Queen’s Necklace. Nothing can beat the calmness of the sea, that goes contrary with the hustle and bustle of the city. What a balance! One can find that amount of serenity in the city that has an answer to all problems of life.

Mumbai is indeed a city that never sleeps. You will never see a building in Mumbai with all lights out; because there is someone up, working on his dreams. There are a lot of things that are amazing, good and bad about Mumbai. The moments you share, the sights we see and experiences that the city lets us go through – that is what makes you fall in love with Mumbai. So, having a home here will not just be fun, it’ll be a dream come true.

The MICL Group knows, you’re not just investing in a home, you’re investing in a lifestyle. Buying in the right neighborhood is critical to profiting from your investment. Here’s how to tell if you’re choosing wisely. A great neighborhood sells a home, real estate developers in Mumbai say. It also helps your home hold value and makes it easy to sell when you decide to move on.
With all the pressure and excitement of home shopping, how can you know if a neighborhood is truly great? Here are some clues that can help you determine if you have the right neighborhood:

1. Become an expert on the neighborhood that interests you. Get a feel for it by attending open houses, walking the neighborhood’s blocks, spending time in restaurants and coffee shops, and looking for community gardens in  upcoming residential properties in Mumbai.

2. Upscale chains and independent retailers are signs a neighborhood is well-established or on the way up. These businesses signal a degree of affluence. Also, they’ve typically done market research to assure themselves the neighborhood is stable and worth the investment.

3. Especially in warm months, look for activity that shows owners are keeping up or investing in  new residential projects in Mumbai . Improvements like new gutters, painting, re-roofing, gardening and landscaping, replacement windows, new fences and decks tell you they have pride in their homes.

4. Don’t buy into a neighborhood without checking its crime statistics. Check municipal police department websites for statistics or search local newspaper sites.

5. Look for the location where school test scores are strong, home prices are high.

6. Neighborhood with high homeownership rates are more stable. However, there are exceptions.

7. Location close to major employers and in city centers are in high demand. When choosing a home, you want to consider your commute. Your commute can have a significant impact on the amount of time you can spend with your family or participate in leisure activities. Think about how close to work you want to live.

8. Particularly, if you want to stay in your home for a long time, make this decision carefully, considering the factors that are most important to you, such as average home prices in the area, job opportunities in your field, proximity to loved ones and climate.

9. The basic amenities such as grocery stores and banks and lifestyle options such as restaurants, parks, libraries coffee shops, fitness studios and others must also be close by.

Lastly, scoping out neighborhood where you might like to buy is fun, but before you start shopping for a house, shop for a mortgage to learn how much you can borrow. That way, you’ll know how much house you can afford before you get emotionally invested in a property.