RERA Revolutionizing the Indian Real Estate Industry

The RERA Act was implemented on May 1, 2017, which completely changed the face of the real estate industry in India. Developers have had to formally register under the RERA Act to be able to sell the property to consumers. It has affected the metro cities the most and has brought about a sense of relief to buyers who were looking to make an investment in the property sector.

Some of the major game changers in the RERA Act are the stringent timelines on the developer, failing which they are liable to refund the amount with interest to the buyer. Also, the unique RERA registration number enables the user to decide whether or not a seller is legitimate and suitable for any further investments.

It also gives power to the buyer using which he/she can investigate the track record of the seller to ensure their credibility and reputation. One of the most trustworthy and reliable developers are the Dosti West County in Thane West, Mumbai. Along with a good reputation and extensive facilities to its buyers, they comply with all the RERA norms strictly and aim at providing better solutions to its buyers at reasonable prices.

Deviating from the marketing ads and charging more than 10% of the total cost of the property as a booking amount is also a breach of the RERA Act which might cost the sellers their licence and might even involve jail-time. The Act has the best interest of buyers at heart.

Also, you can buy a home with instant housing finance facility by Bajaj Housing Finance Limited, you may have the capacity to guarantee the advantages from PMAY home advance or PMAY CLSS.

Additional Read: 3 Things You Should Check Before Buying a Property in Mumbai

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Things to Know About Palava City by Lodha Group

A smart city situated in Mumbai, Palava City offers the highest standards to its residents. Sprawled across an area of over 4,500 acres, it houses international standard like amenities with world-class infrastructure. Well connected roads to the nearby railway stations and the upcoming airport give it an edge over other townships.

Finding a suitable flat in Mumbai is a tedious task, you somewhere end up compromising on one or the other important checklist factors that you might have for investing in a house. However, the Palava City is a complete package in itself, it meets high expectations of the investors by providing top-notch facilities within its boundaries.

With the news of the upcoming 7-million square feet working spaces in the city, it has been attracting people ever since. The hassles of travelling back and forth to your office can be drastically reduced, or even wiped out completely owing to nearby offices in the city itself. A great opportunity for entrepreneurs who are looking for co-working spaces or start-up hubs is strongly present in the Palava city.

It leaves out no reason why one should not make an investment in their property. Right from the renowned educational institutes to rich co-working spaces, the Palava City has it all. Rich green spaces in the township and amenities like playgrounds, clubhouse, a shopping mall with PVR multiplex along with the humongous playgrounds and cricket stadium is what makes the Palava city your best investment option.

With more and more home seekers eyeing affordable housing, major lenders such as NBFCs like Bajaj Housing Finance offer high-value loans amount up to Rs. 3.5 crores at an affordable interest rate and flexible tenure of 240 months with minimum paperwork.

Additional Read: Reasons to Invest in Lodha Palava City

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Area Profile of Boisar

Boisar is an industrial town located in Palghartaluka of Thane District. It is very close to Gujarat border and is situated around 80 km from Mumbai. Boisar West is a well-developed area when compared to Boisar East. Boisar is a gram panchayat and is likely to come under municipal council in future. Boisar-Tarapur Road in Boisar West and around Tata Housing Township in Boisar East is the two specific areas where residential development is being done. The new residential projects in Mumbai and mostly in Boisar are increasing as it is situated close to Mumbai.

Localities in Boisar

• Boisar town is developed with more than 15,000 industrial units and reputed companies like Tata Steel, JSW Steel, BARC, Tarapur Power Station lead the way for providing many job opportunities to Boisar and nearby adjoining areas.
• It has two huge industrial estates; Maharashtra Industrial Estate and Tarapur Industrial Estate.
• The Textile plants located here are Siyaram, Aceelene Suitings, Pantaloon and Dicitex Décor.
• It also has chemical manufacturing units like Ganesh Benzoplast and A.M. Todd Company.
• Lupin and Aarti Drugs are the bulk drug manufacturing units here.

Transportation

• To reach Boisar from Virar, Shuttle/MEMU trains are available.
• Bus facilities are present in this area to reach nearby areas of Palghar, Thane, Bhiwandi, and Wadala.

Shopping mall, health care, educational institutions, and multiplex provide the best infrastructure to the town. Among most of the congested townships in and around Mumbai, Boisar offers much cleaner, spacious, attractive and greener environment to the residents.

Real Estate Growth in Boisar

• Residential Area near Boisar Station is suitable for residents who need to get easy access to Mumbai.
• People who are working in Tarapur MIDC industrial estate prefer Boisar-Tarapur road for convenient living. This area is located very close to retail and shopping areas which is near the Boisar Railway Station.
• People who are working in Palghar-Boisar-Dahanu region prefer to buy residential properties in Mumbai near Boisar.
• The Employees of Tarapur Nuclear Plant are interested in buying properties on Boisar-Tarapur Road.
• Maharashtra Housing and Development Authority, via its Konkan Board are developing more plots for sale at low, high and average rates.
• Tata Housing’s entry with their township project triggered investors to invest in this region, according to Industry experts.
• Once Boisar was not considered as a real estate destination by investors but slowly the view changed because of the social infrastructure.
• Due to the availability of large tracts of land, on affordable prices, investors are attracted to invest in Boisar.
• Owing to the emerging development of infrastructure and due to the availability of huge industrial units, schools, hospitals, and shopping malls this area is considered as one of the best places to invest. The Real Estate in Thane is improving day by day because of its development in various factors it drives residents builders to buy/sell properties in Boisar.

Conclusion

Due to the presence of large industries, the residential property in this area is in huge demand. Vasai Road is now emerging as a hub for all economic activities and is easily accessible to Boisar. This makes Boisar an extremely valuable area. Residents who prefer to have a safe and serene environment can invest their money in Boisar.

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