Thane Edition – Facts, Investments, Real Estate Industry and More updates

by Shikha Desai Real Estate Advisor

Thane has become the best place to invest and live in. Buying your own property is a decision of a lifetime. There are many things associated with purchasing a property in Thane or anywhere else. Buying your own property gives you a sense of belongingness. However, one must refrain from getting carried away and make sure to check certain facts and additional hidden costs prior to investing in flats in Thane.

Location - As the demand for real estate in Mumbai is increasing, things are changing constantly on this front. Builders search for more and more niche properties to invest in. One must see to it that the location suits your needs. Near Thane, other spots like Thane Extension is becoming very popular. Whether it is 2 BHK flats in Thane or 1 BHK, the location will always matter once you start commuting to and from that particular place.
Inspect the property thoroughly - This is another very significant characteristic. It is crucial that all the property documents should be carefully checked. Whether it is the sales deed, OC copy, the RERA Approval or the builder’s reputation everything should be thoroughly verified prior to purchasing property from the new projects in Thane. Also, other things like gym, parks, gardens, proximity from schools, colleges, hospitals, as well as religious places must be checked too.
Maintenance charges - Sometimes we do get carried away because of the posh locality but don’t forget that the maintenance charges increase with the amenities provided. For instance, maintenance charges are high for towers as they have backup generators for elevators and other amenities. If you have taken a home loan these charges can pile up and increase to a great extent so it is better to be aware and prepare for this beforehand. Therefore, along with keeping track of the upcoming projects in Thane also note their maintenance charges.
IGR Charges - Intimation of mortgage by way of deposit has to be given to the registrar office for the bank from which you take the home loan. It is a mandatory procedure if not done within a month can cost you a penalty too. This can cost you around Rs.1500/- if you do it on your own or its double that is up to Rs.3000 if you get it done from an agent. This is crucial whether you are purchasing flats in Thane west or elsewhere.

Nowadays you have an option of saving some money by going for under construction and not just ready possession flats in Thane.

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