Category: Blog

Real Estate is a complex subject and involves a lot of details regarding the extensive home buying process. Now, almost all of us would be looking to buying a home in life, hence knowing about all the minute details is a must.

Real estate companies in Mumbai and the real estate market has begun to get adjusted to the various reforms like demonetisation, GST and RERA, most Indian metros witnessed recovery with sales improving, while property prices corrected or maintained status-quo, a survey said. The real estate industry underwent some of the most radical reforms and avant-garde policy changes in 2017. Residential demand, sales and supply took a hit on the back of uncertainties surrounding RERA and GST. Prices may further dip in luxury and ultra-luxury segments and ongoing residential properties in Mumbai in 2018, because of low buyer appetite for such projects. Other categories are, however, unlikely to see any major correction this year.

Let’s look at some of the common myths surrounding the real estate industry:

1. All real estate agents are equally knowledgeable
This is one of the most common real estate myths about the realty agents. You need to understand the fact that all real estate agents have different kinds of skill sets, have a different kind of overall experience and different traits. An agent, with only two years of experience in the business, cannot carry the same kind of skill set when compared with another agent who has been working in that area for the past 20 years and specializes in high end luxury property deals.

2. Keeping the price higher to leave room for negotiation
A very common mistake made by the sellers when getting their property listed in the market, is to list it a price higher than the general market price. They normally do so, as they think that when an offer is made. Such a thing would provide them enough room for negotiation. Since this makes your home overpriced, most buyers won’t even look at your new project in Mumbai because it is out of their budget, even though they may be ready for a little negotiation.

3. One can earn more if he/ she sells the home himself
It’s true that almost anyone can go ahead and buy a house, even have a look inside the property without hiring a real estate agent. But, unless you decide to go ahead and make home-buying a part-time job for yourself, it is suggested to get an expert.

So, the next time you wish to make an investment in your dream home, don’t get your thoughts trapped in these myths.

India is well known all over the world as a country of many cultural and traditional festivals. Festival celebrations in India can be enjoyed almost every month. Hence buying property during these occasions is something that is always on everyone’s mind. As India is a country full of diversity in terms of religions, languages, cultures, it is only obvious that there are just that many more festivals. Most often the entire country comes together in celebrating these festivals in a true spirit of togetherness. The belief that buying property on any auspicious occasion will bring in a lot of prosperity, good luck and happiness has always carried itself forward, even into the modern society India has today become. Real estate developers also cash in on this sentiment and come up with festive offers that encourage more and more people to buy their homes.

Importance of Festivals in India
A festival is an auspicious day or period of religious celebration; hence festivals are an important part of people’s life in India. Since Hindus are worshipers of many deities, naturally Hindu festivals are many. Each festival has its own meaning and significance, however, almost all festivals are considered a good time to begin new work. Be it starting a new job, buying a car or even a home, people wait for the ‘right’ and auspicious time so that they have the blessings of the Gods. Real estate developers in Mumbai generally have offers and discounts on new projects in Mumbai around the time of popular festivals so as to catch the attention of home buyers and investors.

Best time for Real Estate Purchase
Festivals! This auspicious occasion is the best time for property investment. And, India has lots of festivals to offer some amazing deals on new properties. As festivals in India are considered as the most auspicious time to bring in goodness and make new beginnings, many people book their first homes during this time. Festivals play a huge importance for both buyers and developers, buyers get a golden opportunity to invest or book a new property and developers get huge number of bookings for property on the day of the festival.

Festive moments with MICL
MICL Group is a pioneering real estate developer for more than 50 years. They are deeply rooted to the culture of India and understand the buyers and their expectations. Keeping in mind the buyers, MICL Group brings in offers and discounts in the form of easy payment options, GST waivers etc. during festivals to entice buyers.

Upgrade your living
MICL Group believes in supplying quality living to their buyers. There is no compromise in the quality of construction, strong security and surveillance facilities in the apartment complexes for safe living. The rooms are specially designed by taking Vastu as the vital factor of the construction.
Decision to purchase a property needs to be done only after considering all important factors. It is always good to start your research much before the festive season commences to take advantage of the benefits.

Mumbai is the city of dreams. The city of aspiration. The city that never sleeps. And it is also India’s most expensive housing market. With demonetization and RERA, property prices in Mumbai have stabilised, to a certain extent. But is the maturing Mumbai real estate market still affordable? Mumbai’s population has risen by 983% since 1911. The demand is always outstripping supply. But there is hope yet. There are some individual pockets around the city that could still, despite Mumbai’s increasing housing prices.

To make your task easier, we have compiled a list of places you could start looking at right now. The first location that we identify being affordable is Virar. Virar is located amid the serene mountains and has good connectivity from all parts of Mumbai. It is among the first choice of Mumbaikars who wish to invest in affordable housing. The prices of 2BHKs in Virar scale up till 60 lakhs. Another good location is Dombivli. Research says that Dombivli is also a good place to invest at because of the growing population in Mumbai.

Homes in the lap of central Mumbai are also gaining popularity. Real estate developers in Mumbai have recently comes up with many new projects in Mumbai to cater to the needs of the growing population. The apartments here are spacious and invite good ventilation to the home. In terms of connectivity, by lying in the central part of Mumbai, they are already in an advantage.

Everyone’s idea of a dream home may be different, but since money is an object for most, these aspirations should be toned down accordingly. However, most homebuyers end up stretching their finances when they take the plunge to turn their dream into a reality. In trying to buy that perfect home, you might end up denting your finances beyond repair. Further, the costs involved go far beyond the sticker price. MICL Group is one of the oldest real estate companies in Mumbai who have been giving homes that don’t void your pockets and provide beautiful homes to pass on to generations. They have their projects in Ghatkopar named Aaradhya Residency and Aaradhya Nine are built with finesse and perfection. They have gained attraction of many customers because of the friendly service by the developer and the amenities that are ideal for customers in this price range. They are both a place to enjoy the luxuries of comfortable living. Customers have chosen and recommend the projects to others who wish to upgrade to a once-in-a-lifetime home where conveniences and connectivity add more time to life and give “Wings of Happiness” at these apartments in Ghatkopar. So, if your looking for 2BHKs in Mumbai you can opt for these projects and also the areas that we talked about.

With the reviving economy having infused a renewed sense of confidence among HNI home buyers, there has been a significant surge in demand for luxury homes asset class in the metropolitan cities of India. Mumbai ranks on the top when it comes to luxury homes because of the higher number of high earning citizens in the city. A convenient location is one of the most important aspects that people consider while choosing a luxury apartment. The availability of super-rich amenities such as a rooftop swimming pool and Jacuzzi in every bathroom, take luxurious living experiences to another level.

Upgraded security

Luxury homes are not only about living in comfort but also living in total security. When living in a luxury home, the inhabitants should be safe from any kind of criminal intrusion. Simultaneously, they do not expect to have to install security grilles over their windows or front door as these completely ruin the aesthetics of their homes. The occupants expect to have the assurance that their families and property are safe in all respects. A genuine luxury project has the best of security, both.

Higher Investment value

Many developers are now venturing into the premium segment, which has resulted in a massive spurt of luxury projects. In fact, many of these properties are being touted as so exclusive that sales are by invitations only. Those projects aside, there is no shortage of builders who are marketing their projects as ‘luxurious’ without any real justification for the term. Driven by the rising demand for luxury apartments, many investors (and end-users) are buying sub-standard properties. The locality and many other factors make these homes quite sought-after.

Top Luxury Apartment Projects in Mumbai by MICL

MICL has several ongoing luxury projects across Mumbai which are amongst the best luxury apartments in Mumbai. These projects offer the best in luxury living, with convenient locations, super-rich amenities, and upgraded security. Some of the top luxury apartment projects in Mumbai by MICL include:

• Aaradhya Parkwood: Located near Dahisar Naka, this project offers premium 1 & 2-bed homes adjacent to Sanjay Gandhi National Park. The project has 35 habitable floors and offers superior connectivity. Residents can enjoy 60+ amenities & facilities spread across ~ 80,000 Sq.Ft of recreational space.
• Aaradhya EVOQ: Located in Juhu, this uber-luxury project offers a fascinating grandiose, exhilarating luxury and quality lifestyle all under one roof. The project offers a pristine and picturesque city view with an elite neighbourhood. The affixed magnificent rooftops would ensure your get-togethers are an experience like never before.
• Aaradhya One Earth: Located in Ghatkopar East, this project offers luxurious 3 BHK and 4 BHK flats in a prime location. The project offers a range of amenities, including a gym, swimming pool, and rooftop garden.

Each of these projects offers a unique and luxurious living experience, making them some of Mumbai’s top luxury apartment projects by MICL.

MICL Group is one such developer in Mumbai who has affluent construction experience and the trust of its customers. They are also into creating luxury apartments in premium locations that come with amazing features and amenities. It is their expression of a world-class vision — to create an iconic identifier for one of the world’s great cities; to provide homes of distinction for India’s most accomplished families.

Mumbai is a city of different cultures, religions, colours and celebrations. It is a city, that welcomes all with open arms. Ghatkopar West is also a location where we meet different people from different cultures. This fact makes Ghatkopar West a location that has a lot of fun activities to do at. Let’s explore a few.

1. The Foodie Haven
If you are foodie, then you would love Ghatkopar. There are numerous street food options as well as restaurants, where you can try our amazing cuisines with family and friends. The famous food spots/restaurants are Achija, Gurukrupa, Patel Juice Centre, Khau Galli, Meghdoot, Pavilion.

2. Land of Good Returns
The rates are going sky high for Property in Ghatkopar West because of the arrival of both commercial and residential aspects. It also falls as a mid-way between the major commercial hubs of Mumbai. If a person buys a flat here, he will get an easy access to all of Mumbai so, now there are various ongoing residential projects in ghatkopar west.

3. Plenty of Leisurely Spots
Some of the most famous places to visit in Ghatkopar West are the popular R-city Mall, Odeon and Vikrant Circle. The locations are good places to spend time at.

4. Love for All Cultures
Ghatkopar West has a mixed crowd which once again makes this place a centre of attraction during festivals. Be it Eid or Diwali, one can see everyone celebrating with the same enthusiasm. After all, we are one even in diversity.

If you are a kind of person who wishes to live each day fully, living in Ghatkopar West can make your dream come true. From exploring food junctures in the city to having a good time with family, Ghatkopar West offers everything.

Connectivity wise, if you want to go to any part of Mumbai, Ghatkopar will give an easy access. You can make use of common transport systems like the metro or go by road, there are plenty of options available for you.

Getting a home in Chembur is easier said than found. One needs to scan through a lot of properties to find that right home that suits home. Most people are now opting for luxurious homes over regular ones as they offer several amenities and services.

As per recent searches on Google, we found an uptrend in the search for a luxury apartment in Chembur. Bigger and well as nuclear families look for 2 & 3 BHK flats in Chembur for their families. Especially in Chembur West, one can get an ample number of projects that offer an array of luxurious homes that aren’t very heavy on your pockets.
MICL Group is one of the pioneering real estate developers in Mumbai. Their legacy dates to 50 years+ in the field of construction that began with their parent company, Man Infraconstruction Ltd. Excellence in construction and delight for customers are two key tenets which drive MICL Group. They have a project named Aaradhya One in Chembur in Amar Mahal that is a residential project that provides ultra-premium homes with 2 & 3 BHK apartments in Chembur in a 12-storeyed residential property. It is almost a ready property now in Chembur, getting constructed in 11, 394 Sq. m. of the area in one of the best location of Chembur West.

One can view lush greens from Aaradhya One along on the outside and experience a state-of-the-art lifestyle on the inside. MICL Group has provided the best quality of security services to safeguard your privacy and property. They have given CCTV and intercoms in the building for upgraded protection. They have also taken care of fire systems in case of emergencies. The joggers’ track is given for you to keep your health on track, hence making you better and fitter.

The needs of our senior citizens have also been taken care of. The developer has provided a senior citizen corner within the project so that the elders can gather together and spend beautiful evenings at Aaradhya One. Their safety is also noticed – the staircases are quite broad so that one can easily get down without slipping off while they are fast.
Other minute details like the modular kitchen, the glazing windows, the decorated entrance, a landscape garden and a lot more make Aaradhya One an ideal home for everyone who wants to live a life which is serene and cal. Even though you are amid the city, this home doesn’t hamper your peace.

So, if you are searching for good 2 & 3 BHKs in this area, Aaradhya One is worth giving a try.

Wish to invest in real estate and have doubts about it? Well, much to your surprise this is the best time to invest in real estate. Wondering why? Let’s clear your doubts.

The triple ripple
The face of real estate sector changed when government came up with three remarkable things i.e. demonetization, implementation of Real Estate Regulation Act (RERA) and Goods and Services Tax in 2017. These factors brought in transparency and efficiency to the real estate sectors. Since the implementation of all these acts & regulations, real estate companies in Mumbai and other cities made vital and necessary changes to their business model. With these three factors, home buyers can now be carefree when it comes to real estate investments.

Affordable housing
To live up to the dreams of Prime Minister, Narendra Modi and his vision for affordable housing, many real estate developers in Mumbai are taking a step towards it. Today, you will find beautiful homes at affordable prices in different parts of the city.

Low home loan rates
In the year 2016, the home loan interest rates were recorded at around 9.5 percent. But now, due to excess liquidity in the banking systems, the rates are floating in the range between 8.3 – 8.4 percent. This leads to considerable savings on the EMI cost and has also enabled people to avail low-cost home finance. The good news is that the rates will remain low for several quarters and may even come down further in the future.

All these three things have urged people to make their future investments in the field of real estate. These factors are also beneficial for the real estate companies in Mumbai and other cities as with increasing home buyers, their profit range also increases. To encapsulate, this is the right time to invest in real estate sector as everything in this sector is in your favour.