Borivali – Mumbai’s Preferred Destination for investment in real estate?

Mumbai , the country’s financial powerhouse, is also one of the most people friendly cities in the country. The city has been welcoming everyone with open arms for decades now. And, its cacophony and madness notwithstanding, everyone who has lived and worked in the city has been enthralled by it. It’s no surprise, therefore, that Mumbai is one of India’s most sought-after real estate investment destinations. Despite the increased prices, real estate in this area has always been in high demand. The continuously changing skyline of the city is a testament to this demand.

The beautiful green neighborhood of Mumbai rests calmly in the middle of the bustle of this megacity. Borivali, aptly dubbed “the suburb of gardens,” is a calming salve for the spirit, with a garden around every corner. The pull of the green has been difficult to resist in a city that has been overwhelmed by the concrete jungle, and Borivali has quickly developed into a highly sought-after residential district during the last several years. Not just because of the lush greenery, but also because of the numerous advantages it provides.

Fortunately, the V. K. Lalco Group has created the ideal 1 BHK apartments for anyone wanting to make their dream house a reality in Mumbai’s western suburb.

V. K. Lalco Group has just launched VKLAL HARI PHASE I in the fast growing Borivali East locality.

So, what does the VKLAL HARI PHASE I in Borivali have to offer you, and why should you acquire a 1 BHK apartment here? Continue reading to learn more:

1. Outstanding Connectivity :
Mumbai real estate is in tremendous demand, and prices are rising again. Mumbai is a densely populated city with a diverse range of cultures and attractions. Borivali, at the city’s northern outskirts, has much to offer. Borivali is one of Mumbai’s most sought-after neighborhoods, each with its own personality and peculiarities.

Buying one of the 1 BHK flats in VKLAL HARI PHASE I gives you a once in a life-time opportunity you shouldn’t lose! Borivali is connected with various modes of transportation. The Mumbai Suburban Rail Network is the city’s lifeline, and Borivali is an important junction on the Western Line, with trains running every few minutes between here and Churchgate. The Mumbai International Airport is just thirty minutes away from Borivali. The Mumbai Metro is also in full motion, and the projected Metro station will soon connect Borivali to the rest of the city. It is well connected to key regions in the city’s south and north, thanks to its strategic location on the arterial western express route.

2. Infrastructure for Social Development :
At Borivali, all of life’s necessities are just a stone’s throw away. Borivali is the emerging social hub on this side of town, providing to every need, with a broad choice of premium, reputable schools, renowned hospitals, shopping locations, function halls, auditoriums, and excellent eating alternatives. As if the surrounding greenery wasn’t enough, there are several gardens for children to play in and adults to stroll around. VKLAL HARI PHASE I is a masterfully designed residential project in the heart of nature, adjacent to the Sanjay Gandhi National Park in Borivali.

3. Property Appreciation:
Growing demand and an increase in the number of luxury developments have resulted in a considerable price increase trend over the last decade or so.
A prospective homeowner will look for a dream home in a neighborhood with long-term growth potential. Although this isn’t as important as some of the other considerations for a first-time house buyer, the modern buyer wants to get the most out of his money. As a growing community, it will always have more opportunities for future growth than a developed community. The safest and most lucrative investments are New Construction in Borivali and Under Construction Projects , not to mention the future Metro station, which will improve the chances of property appreciation value.

4. Center for tourism :
The Sanjay Gandhi National Park is the main attraction of Borivali. It is a true wilderness, spanning 103 square kilometres and nestled between Mumbai and Thane. It accounts up almost 20% of Mumbai’s land area. It is home to approximately 250-260 bird species, 1300 plant species, 150 butterfly species, and other wildlife.

Despite the fact that the Sanjay Gandhi National Park gets over 2 million tourists each year, it is far from the sole tourist attraction in the area. Gorai Beach has a tranquil and relaxing ambiance, making it ideal for a relaxing weekend. Not just Mumbaikars, but also tourists from all across the country, flock to Essel World Amusement Park nearby. According to the Maharashtra Tourism Development Corporation (MTDC) in June 2013, the Global Vipassana Pagoda is one of Maharashtra’s seven marvels. It is a nicely crafted meditation hall near Gorai that receives a large number of visitors each year.

Borivali is steadily becoming THE destination to call home in this city of dreams, for both the shrewd investor and the peace-loving family guy. To live a lifestyle that defies all conventional notions of living.
Purchasing a home necessitates consideration of the actual flat and building, as well as the surrounding region.
V. K. Lalco Group is one of the leading builders in Dahisar and Borivali, offering some of the greatest under construction flats in Mumbai. Residents of VKLAL VISHNU PHASE I in Dahisar and VKLAL HARI PHASE I in Borivali benefit from the advantages of a rapidly growing community .

5 reasons to buy a home in your 30’s

When is the right time to buy your first home?! This is the most common question amidst the young and independent generation today. As Indians, we have always loved investing in real estate as it is tangible and not an investment that exists only on paper. Be it family or friends, the pressure to make the daunting decision that translates into a major change in lifestyle. Factors like lowest interest rates on a Home Loan, Attractive offers in the market coupled with the importance of owning a home in the COVID have disrupted the traditional style of thinking and encouraged the buyers from all ages to invest in a home, sooner than later.

Owning a home has both financial as well as emotional value and is considered to be a sign of success in the Indian households. Even today, buying a home is probably one of the most common financial goals of every Indian.
That brings us back to the pertinent question – what is the right age to buy a home?

Some people are eager and ready enough to fulfill this dream early while in their 20s. But others may want to take their time nice and slow and buy a house after they reached their 30s.

Wondering why in the 30s?
Here are 5 reasons you should consider buying a home while you are in your 30’s.

1. You’re secure enough in your job to make big financial commitments.
Job security is an important factor that lenders take into account when borrowers apply for a mortgage loan. By their 30s, most people start feeling a sense of stability and security in their respective careers. Therefore, they become more confident about making big financial moves.
Buying a house is a lot more than arranging for the down payment. It also involves general expenses on up keeping and home maintenance. By buying Flats in Dahisar at this age, you would be more prepared for whatever your new house might throw your way.

2. Higher loan eligibility.
A home loan is a long-term loan. Since the borrowed amount is huge, the longer you have to repay it, the lower your monthly installment. However, you also need to understand that the longer you will repay the loan, the more interest you will pay. Hence, it is important to select a tenor that allows you to repay the loan comfortably without paying too much interest.

3. Availability of funds for the down payment.
Buying your first home in your 30s gives you more time to put cash aside specifically for a down payment. Most people plan before buying a home. This means that they work on their finances, create a small corpus for emergency expenses, budget their monthly costs, and have funds for the down payment on the house. All this needs time. Even if you start working by say, 23-24, you would need around 8-10 years to stabilize your finances and put money aside for the down payment.
If you are investing in the under-construction project or 1bhk flats there is a lesser amount required for a down payment.

4. Longer repayment tenure.
Working individuals in their late 20s or early 30s stand a higher chance of availing a longer loan repayment tenure, going as high as 30 years. Since most salaried individuals retire by the age of 60, buying a home before turning 30 implies that you have about 30 years to repay the loan obligations. Buying flats in new projects at a young age would also increase the likelihood of completing home loan repayment during work-life years itself.

5. You Know Your Priorities.
Like where you want to settle down, when you are in your 30s, you are now entirely informed of your priorities. It is by this time that you must have realized homeownership can help you build equity and stability. You must have planned your budget, decided the type- the size of homes like 1bhk or 2bhk, or under construction project or resale flats and reviewed all other aspects related to property purchase. It is relatively complex for young people to enter the property market who still weighs their priorities and commitments.

Buying a house in your 30s is a good decision because by this age you would be financially prepared to pay for the down payment. By availing of a home loan at this age, you will get more time to repay it, and thus the EMIs will be lesser. Plus, by this time, you will be secure enough to make big financial moves. Last but not least, your house will get more time to gain price appreciation.

At V. K. Lalco Group, we understand that buying a home is probably the biggest single purchase made by most Indians in a lifetime. We also understand the sentimental value of a home. We build spaces that are focused on YOU – the person who will make the houses we build into HOMES. Our upcoming projects at 1 bhk project at Dahisar and our new 1 bhk project in Borivali have attracted a lot of people in their 30’s for the balance we offer between cost, quality, accessibility, and style.

If you have been thinking of buying a home and speculating if this is the right time, then we hope this article sheds some light and helps you go a long way in your journey to buy a home.

Borivali: Mumbai City’s favorite connective hub

Mumbai city is home to a plethora of thriving real estate micro markets which go through a virtuous cycle of growth and development. Borivali is fast emerging as a favored hot spot for home buyers. Rapid development of infrastructure, easy connectivity with the city and entry point to Mumbai from Gujarat have made Borivali one of the most favored locations in the city.
Continue reading “Borivali: Mumbai City’s favorite connective hub”

The Comprehensive Guide To Buying A House

Each of us wishes for our own home, a warm love nest in which our family may dwell peacefully for years to come. It’s easier to fantasize about such a dream home, but finding one and, more crucially, financing it is considerably more challenging. Homeownership is a major financial decision that entails making significant financial commitments over a long period of time.
Continue reading “The Comprehensive Guide To Buying A House”

5 Reasons Why 1BHK is the Most Preferable Investment Option

Buying a home is not only amongst the oldest methods of investment, but also amongst the most secure asset classes. Granted that the industry has witnessed a lull post the influx of GST in the under-construction purchase, but the ever-evolving market has carved a niche for the segment of investors who swear by the Real Estate market. Within the residential real estate space a 1BHK flat has outperformed and become the most preferred choice of investment amongst the end users as well as the investors. Below are some of the
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Home buying Tips – Points to remember before finalizing your home

Buying a property is a one-time decision for many. It’s a moment when you are excited, happy, stressed & tensed at the same time and sometimes one ends up making a decision in a HURRY!! Each one of us wants to ensure that no stone is left unturned when it comes to selecting the best property and the best deal while both at the same
time, but this isn’t as easy as it sounds.
Continue reading “Home buying Tips – Points to remember before finalizing your home”

Benefits of under-construction property against ready to move in property

Buying a property is a one-time decision for many. It’s a moment when you are excited, happy, stressed & tensed at the same time and sometimes one ends up making a decision in a HURRY!! Each one of us wants to ensure that no stone is left unturned when it comes to selecting the best property and the best deal while both at the same
time, but this isn’t as easy as it sounds.
Continue reading “Benefits of under-construction property against ready to move in property”