Tag Archives: apartments and flats

Private Terrace Flat in Mumbai with Balcony for Sale

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Urban real estate markets have started to prioritize apartments with balconies. The demand for balcony space is constantly increasing, especially in a metropolis like Mumbai, to the degree that it is now necessary. Balconies are a common feature of apartments. The purpose of flats with balconies is to give residents access to a private standard of living and property value. 

Some people might hesitate to purchase an apartment building’s top floor, while others may want to live there exclusively. The top floor differs from the lower ones due to how living there feels. It provides fresh air and breathtaking views. The most amount of sunlight strikes it. Additionally, if you are on the top floor, you won’t have to put up with the noise of moving furniture or kids playing above you! Some people choose to stay at the top because they value these advantages. 

However, the top floor’s primary drawback is that it is considerably hotter than the other floors. People face many challenges residing on the top floor with private terraces and balconies in cities with extreme summer heat. Also, it is possible to feel water leaks from the roof on the top floors, but builders frequently ignore this. It is due to improper ventilation on the upper floors. 

Numerous studies have demonstrated that a residence with a private terrace with a balcony has many advantages and disadvantages. If you prefer views, you will enjoy living on the higher floor. You can see everything clearly if you look at it from above. You can get away from the bustle of the city while still enjoying plenty of daylight and a pleasant breeze. 

What is a private terrace? 

A terrace is an open space that may connect to or separate from a building. The entrances to a balcony, however, can differ. Most places have terraces where guests can go outside the hotel and get some fresh air. If the dimensions are correct in the new location, it will be possible to relocate the furniture on the terrace.

Outside, you might enjoy drinking coffee or tea while studying for tests. Anytime during the day, you are welcome to unwind and take a nap there.  Regarding public open spaces, your terrace offers privacy while still being outside. 

Benefits of  purchasing a Private Terrace Flat in Mumbai with a Balcony 

It allows one to feel more like a part of nature. 

You can unwind on a private terrace in a healthier and cozier environment. You can also create a lovely terrace garden to enjoy the outdoors. It will boost your immunity and be advantageous for you. If you have a sizable balcony with plants, your home will be better ventilated and experience a lower summer temperature. 

A reviving workplace 

Working from the same spot while seated in a living room or bedroom can get boring. It might limit your capacity for originality and creativity. It is especially valid for your lifestyle of working from home or for intense study sessions. You could take advantage of the fresh air by using the natural surroundings close to your house. 

A spot to relax and unwind 

On the terrace, you might enjoy reading your favorite book or sipping tea in the morning. At any time of the day, you can relax and nap peacefully. Unlike public parks and gardens, your terrace offers privacy while still being outside. 

Gardening space 

The increased oxygen flow caused by plants contributes to the air’s purification. On your terrace, you can grow visually appealing flowers and indoor plants to add aesthetic value to your house. Outside, you can also grow fruits, herbs, and vegetables. 

Pet-friendly area

Experts say an outdoor space is essential for your pets’ happiness and health. Taking your pets for daily walks or runs around your neighborhood, a private terrace may be a great and safe place to get some exercise and fresh air. With less anxiety and hyperactivity, the fresh air may vastly enhance their health. On the terrace, you might erect a small playpen for your pet. 

Discover Your Dream Home: Houses for Sale in Chennai

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Chennai is one of the most popular residential markets in India. It is the perfect location for real estate investment because of its growing economy and high-end industries. 

Chennai is the hub of national and international business, including IT, automobiles, electronics hardware, banking and finance, medical tourism, textiles, petrochemicals, and other industries with headquarters in the city. 

Areas like Vanagaram, Ambattur, Avadi, Anna Nagar, and Porur are becoming popular because of their location and thriving infrastructure. 

If you’re thinking of investing in property that offers a reliable return on investment, then investing in Chennai is a great option. For buyers, these homes are a smart choice to live comfortably with all the amenities.

These flats are available for sale at Rs 26.6 lacs in a prestigious area of Veerapuram, Chennai. The building faces north and is close to important sites like Veltech College, Avadi, and Thirumullaivoyal. 

Houses for sale in Chennai, India 

Choosing the right house for your home is a big decision and can be expensive. There are many factors to take into consideration, including the kind of house, location, and amenities.

The best way to ensure the best option is by doing your research and asking questions. This will help you reduce your options and guarantee that you can afford the home of your dreams. 

There are many different kinds of houses for sale in Chennai, including pre-owned, brand-new, and under-construction homes. Apartment towers, single- and multi-story townhouses, as well as standalone villas and bungalows, are among the most common types of homes.

There are more than 500 of these available on Propertywala in a range of prices and areas. From 2-BHK to 5-BHK homes are for sale in the most-liked neighborhoods, including Patelguda, Beeramguda, Tarnaka, Muthanga, Isnapur, and many more.

Houses for Sale in Chennai under 40-60 Lacs

In Chennai, there are many different kinds of houses for sale. Flats from 1-BHK to 3-BHK are available. For your family, buying a home in Chennai can be a great decision. It is a secure investment, and it can reduce your housing expenses. 

The type of house for sale you choose depends on your budget. You have the option of purchasing a newly renovated flat, or a newer property with an attractive price tag. 

In Chennai, you can also purchase a flat built with premium-quality materials. These flats will come with a wide range of amenities that will make your life easier and more comfortable. 

Are you looking for a flat in Chennai that is in this range? You can visit our website to check the number of properties in Chennai in Gudvancheri, Avadi, Thirumullaivoyal, and many more. 

Old House for Sale in Chennai

When it comes to houses for sale in Chennai, options are available. If you want to purchase a property, old houses can be an option with a good location. 

Old houses in Chennai are very appealing to buyers as they have very affordable prices, and these houses are located in popular areas.

For instance, you can purchase flats in the places of Triplicane, Madambakkam, Vadapalani, Choolaimedu, Ayanavaram, Adambakkam, and Perambur. These areas are close to shopping centers, supermarkets, and grocery stores with a variety of amenities.  

Second Houses for Sale in Chennai

In Chennai, there are many second-hand houses available for purchase. These include resale homes under construction and ready-to-move-in properties. These are reasonable choices that let you purchase a home within your budget. 

You can find a property that satisfies your needs depending on the neighborhood, builder, and BHK configuration. 

These apartments are a great option if you want to live close to your office, school, or other conveniences. 

Duplex Houses for Sale in Chennai 

A duplex apartment or two-story building is a perfect choice for those who are looking for a home to live in with their family. Depending on the needs of the buyers, different types of houses are constructed with different designs. 

This duplex’s upper floor has a single or double bedroom and a child’s room, while the lower floor is home to the kitchen and living room. For many homebuyers who prefer to have a garden attached, this house type is a popular option.

For anyone looking to relocate to Chennai, a duplex home can be a fantastic investment. In the city, several banking institutions provide appealing incentives for first-time homebuyers. These banks frequently lend 80% of the value of the house. It is best to conduct market research before making a choice.

You can search for these flats on our website or contact our team to inquire about your preferred property. Propertywala provides you with information about every property possible in Chennai, from  1-BHK flats to 5-BHKs, in every location possible. 

Heavy Deposit Flat In Mumbai

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What is a Heavy deposit?

Heavy deposits, also called zero-rental flats, are becoming popular in the real estate market. The heavy deposit is an agreement between the owner and tenants where the owner provides the expected property to the tenant in exchange for a hefty security deposit for a period of time.

These days, a growing trend in Mumbai that is spreading to Vasi-Virar, Mira Road, and other city areas is heavy deposits or zero rental flats or apartments.

How Heavy Deposit Varies from General Renting?

Those who rent properties typically pay both the flat security deposit and their rent monthly. Residents of the heavy-deposit apartments do not make monthly rents or security deposits. Instead, they pay a large sum to the owner as a security deposit for the property based on the property’s location during the tenancy period. 

Furthermore, the owner will return the tenant’s security deposit when the tenancy finishes. 

If the rental agreement allows it, the landlord may withhold payment in the event of property damage or unpaid utility bills.

Heavy Deposit System In Mumbai

The zero-rent option is becoming more and more appealing to Mumbai renters, particularly millennials with transferable employment. To be clear, a rental flat plan permits tenants to reside in an apartment during their rental period without having to pay rent. 

According to information provided by Mr. Tauqeer Hashmi, the owner of Maharastra Properties In Mumbai, almost a third of people who seek rental homes are prepared to put down a sizable deposit in order to reduce their monthly rent costs. It usually costs 100 times what the rent is per month. for a flat being offered at Rs.10,000  per month, for instance, a sizable deposit of Rs. 10 Lakhs would be required. 

Advantages of Heavy Deposit Flat in Mumbai 

The zero-rental flat system is beneficial for both the landlords and the tenants. They provide great opportunities for renters to lower their monthly rent costs, particularly in areas with excessively high rents like Mumbai. If the flat is maintained the tenant gets their whole security deposit back. 

On the other hand, the Owner gets a huge amount of money at one time which can be invested in other ways. In the normal renting process, paying electricity bills, and water bills can be a bit problematic, especially in the last month of the tenancy. Also, if every tenant vacates the property, the landlord must spend a lot of money on repairs since new renters demand that the property get little maintenance. A deposit of Rs 30,000 or 40,000 won’t be helpful for the maintenance. At these times the owner can use the security deposits given by the tenants.

For quite a good time the trend of heavy deposits or zero-rental is there in Mumbai as it is a win-win system for both the rentals as well the owner. Additionally, the owner already has a hefty amount on his/her hand, they can use it somewhere else, and can invest it in the real estate sector only by investing the amount to buy a new property. In Mumbai, this system is well known and with the passing of time, it is already spreading the other regions of Mumbai, like Mulund, Chandivali, Bandra, Goregaon, Malad, and Andheri East. 

Tips to Rent Heavy Deposit Flat In Mumbai 

In a city like Mumbai, it’s simple to find heavy-deposit apartments or zero apartments, but choosing one can be challenging. To help you all find your ideal home, here are some tips.

  1. The first step is research, which is simple and clear but important. Researching every neighborhood in the area will help you to understand and identify the best place to live with all the amenities you require.
  2. The next step is to determine which amenities, such as an air conditioner, a fully equipped kitchen, and a house that includes water and electricity as part of the rent, you need in your flat.
  3. Before signing a lease, make sure to inspect the property to determine its quality. Checking to see if the amenities are operating properly will be a smart idea. Before making a choice, look through the security features like locks and cameras.
  4. Make as many contacts with agents as possible, and keep a list of those who can give you a rough notion of how to achieve your goals. 
  5. While checking on the heavy deposit flat agents in Mumbai, ask about the past clients of the property you are interested in, and ask about the society and the locality, Depending on the time you can also meet the agent to get a rough idea of the area you are interested in. 
  6. Ask the heavy deposit flat agents in Mumbai about the previous tenants of the home you are interested in, as well as about the neighborhood and society. You may also meet the agent to get a general sense of the neighborhood you are interested in.

It can take some time to find the ideal heavy deposit flat in Mumbai, but with little preparation and research, it is possible! You will find your dream home quickly if you use the advice in this article. 

Documents Required to Rent A Heavy Deposit Flat  

Don’t forget to have this paperwork available for the next step once your extensive study has led you to find your perfect heavy deposit flat in Mumbai.

  1. Tenant Identification: First thing you need is your identification cards which can be any of these Voter ID cards. Aadhar card, PAN card, or your driver’s license.
  2. Rental Agreement: It’s essential to specify in the rental agreement what costs will be paid and by when. To avoid paying taxes or stamp duty, a would normally be for 11 months. 
  3.  No Objection Certificate (NOC): This is a letter of consent from the landlord confirming that they do not object to you renting their property for a heavy deposit flat in Mumbai. Confirming that both parties concur on every aspect of the rental agreement, serves to safeguard both parties from being taken advantage of.  
  4. Security Deposit Receipt: These are essential documents that might assist avoid disagreements later on about security deposits. The Receipts should clearly state how much money is being deposited and when it can, if necessary, be retrieved by either party. 

Hence, before signing up for a heavy deposit flat in Mumbai, make sure you have all the necessary documents ready! Afterward, you’ll appreciate yourself.

A Final Piece Of Advice

A final piece of advice. Make sure you familiarize yourself with everything the city has to offer before accepting a heavy deposit flat in Mumbai. Several structures in the city have different features that increase their appeal and worth, such as particular artwork, specialized furniture, or exclusive services. 

Conduct thorough research on the area you are moving to, including information on maintenance services and amenities like gardens, swimming pools, gyms, and any specialized security measures. 

Bangalore Real Estate Price Sees Another Hike

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Bangalore Real Estate Price hikes again. Despite being affected by the upcoming of Gurgaon, Noida and other suburbs, Bangalore kept its position among the top real estate fields. Due to many reasons there was a considerable growth in Bangalore Real Estate Price. Bangalore emerged as another hotter spot for the real estate. The price of the land and properties of Bangalore rocketed in recent years. Continue reading →