Articles
A Favourable Time to Invest in Real Estate
by Chandak Group 2/3/4 BHK Apartments in MumbaiThe outbreak of COVID-19 pandemic and the economic standstill associated with it may negatively impact the real estate industry in India. This impact has already reflected in the prices of many real estate projects in Mumbai and a webinar organised by National Real Estate Development Council has informed that there will be a price correction ranging between 10 to 15 per cent, with anticipated depreciation of up to 20 per cent.
The pandemic outbreak has resulted in a global economic slowdown, predicted to be worse than 2008-09 economic crisis. However, it is a great opportunity for potential real estate investors or those with career or financial security looking to buy an apartment. Regardless of the dropping prices, real estate is still an ideal asset to invest in India. The demand for residential real estate was estimated to decline in the 2019-2020 financial year, after slight progress in FY 2018-2019. Deepak Parekh, Chairman of HDFC bank, advised real estate developers to avoid high leverage as it can affect them in the bad times. The Government of India has announced an affordable housing incentive just before the world went into this biggest crisis.
Chandak Group, a leader in the real estate sector in Mumbai has an impressive range of completed and ongoing projects in Mumbai including two apartments on Swami Vivekananda Road, Chandak Next at Ambawadi, Borivali and Nischay at Ambawadi, Dahisar East. Their 1 BHK Flats for Sale on SV Road will be a reliable real estate investment in Mumbai. The advantages of buying Chandak’s 1 BHK Properties for Sale on SV Road are many including its proximity to public transport routes as it is located within 10 min drive from Borivali East station and Dahisar East station. The road connects Bandra on its South end and Dahisar on the North end. Chandak Next comprises of 35 storeyed Towers with 1 and 2 BHK flat for sale on SV Road and a few of them offer breath-taking views of the Sanjay Gandhi National Park and Borivali Creek. It is one of the smart residential properties with luxurious amenities including a landscaped podium. ChandakNishchay, three 22 storeyed towers with 1 and 2 BHK flats for sale on SV Road, also has some of its flats offering views of the Sanjay Gandhi National Park and Borivali Creek.
Borivali and Dahisar East have proximity to Gorai Beach which can be reached by crossing the Gorai Creek in a ferry. It also has two amusement parks - Essel World and the Water Kingdom, which is Asia’s largest water park. The Mumbai Cricket Association (MCA) Gymkhana is also easily accessible from the property. Borivali which is an affluent coastal suburb of Mumbai holds the position of primary residential zone of the city and Dahisar is immediately north and next to Borivali. The locality has connectivity to WE Highway in 850 m and Link Road in 2.4 km. The properties are within 1.9 km of Karuna Hospital and 1.5 km of Vishwanath Hospital. The property is just 2 km away from Indraprastha Shopping Centre and 3.2 km away from Thakur Mall. The nearby schools are St. Xavier’s High School which is 600 m away and JBCN International School which is 2.4 km away.
The years of experience a developer has in the real estate industry should be a significant factor while you are investing in their property. With a foreseeable decrease in the demand in residential properties, it will be favourable for homebuyers with a stable income to invest in real estate for long term returns. Chandak Group, one of Mumbai’s reliable real estate brands for over 30 years, is ideal to invest in as it has always stood up to its promises. Visit https://www.chandakgroup.com/ to select a luxurious abode for you and your family.
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About Chandak Group 
2/3/4 BHK Apartments in Mumbai
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Created on May 14th 2020 09:38. Viewed 323 times.
