Elijah Paul Profile

When we finally agreed that Brokers and Channel Partners meet for an interactive session, we were presented with so many challenging things. The most confronting was the social distancing management, occasioned by the COVID-19 pandemic. It took an ample amount of time as the management had to plan, and brainstorm until we came up with a solution – a two-day event.

Following this official arrangement, was an extensive use of airwaves via smartphones, and feature phones. This was the very first time that the atmosphere was lively and charged up. The relentless efforts and dedication was worth it as the team received over 250 confirmations!

A neighbourhood in Spain organized a game of group bingo, which saw people once again walk out into their balconies. Residents in France thanked caregivers by hanging banners from their balconies. The balcony has helped people all over the world to experience a sense of belonging beyond their physical separation and feel the impact of coronavirus less. Unfortunately, in Mumbai’s newer constructions, there are no flats with balconies in South Mumbai.

The balcony has long been a place to communicate with the neighbourhood, enjoy festivals together, and even have political discussions in old Bombay, or in picturesque art deco buildings or chawls. “Back in the day, people would read their newspapers, speak to their neighbours, dry herbs, and watch such processions from their balconies. It was an important feature of the neighbourhood and the city as a whole,” said a history professor and assistant dean of Mumbai University’s faculty of humanities. Mill workers have used verandas in chawls to address politics, he said.

Consider someone driving a car around 5 BHK flats in Worli who is unfamiliar with Worli, does not have a smartphone, and does not ask for directions. As a result, he keeps going in circles. However, none of the smart property buyers I know can drive around in circles. They’ll ask for directions, set their egos down, and gather all the details they need to make educated purchasing decisions as regards properties like a bare shell apartment, for instance

Their financial performance rises both in the short and long term as a result of this mindset of seeking information. As a home buyer, do not be afraid to contact land appraisers, valuators, real estate brokers, and other professionals to learn about property prices in the area where you want to purchase property. Ask questions like, “Are land purchase rates fifteen percent higher or lower than ready reckoner tax assessments?” This are the types of figures that are valuable to know in the industry because they can provide you with a baseline or a benchmark against which you can measure various assets that you are considering purchasing.

The basic survival of a man has always been food, clothes and shelter in order to survive. With the leafing of years, the value of a house has been reformed from a need to a safe haven. There has been a fundamental change with the trends of people valuing their houses as a mode of permanence and security . Millennials used to prefer renting houses, but they have recently shifted to become more interested in purchasing homes. This trend has been noticed among the women work force.

While this shift in attitudes toward homebuyers was clearly noticeable, in addition to the globe being struck by the deadly epidemic, a trend began to emerge that was a hundred to one odds in favor of women purchasing homes.

The way real estate markets are influenced by connectivity may be summarized as follows: These types of infrastructure developments, such as motorways, marketplaces, and airports, are often thought of as favorable attributes when it comes to assessing locations. Nonetheless, closeness to hospitals has risen exponentially as a result of contemporary conditions and the pandemic situation.

For many consumers, getting to their destination quickly has always been a priority. Following post-Covid trends, real estate firms are focusing on developing properties with facilities and services that assist people lead a healthy lifestyle.

To better meet the demands of customers, the projects are built with them in mind, who have grown worried about the living space health quotient. Upcoming residential projects in Worli with world-class hospitals or residential projects with doctors visiting for regular check-ups for everyone in the building may be things to consider. Changes in the population’s requirements have been caused by the worldwide epidemic.

The residents of Mumbai city have lived in small apartments for the longest. This was a way of living for most of them until 2005 – 2006. The reason they chose to continue living in the heart of the city was mainly to stay close to work; less commute and spending more time with the loved ones and living in the neighbourhood they grew up. The lack of space in Mumbai city and the demand for a lavish lifestyle came with the luxury projects further to the north of Mumbai and beyond. A larger home with lavish lifestyle in a new neighbourhood being a necessity. A vast number of populations migrated to these homes only to realise the distance between their homes; work and quality time towards family was being compromised in traveling.

In the 2020s, the realisation of upgrading properties to improve the lifestyle within the periphery of their old homes became a necessity. This was to ensure homes being closer to schools; offices and in close proximity to their daily conveniences being a prime factor for buying homes. This was primarily the emerging need among the families, who had their family business in south Mumbai’s commercial districts. Their need to upgrade their property without moving too far away!

The want for a better lifestyle among the digital age entrepreneurs and professionals, combined with travel restrictions forcing most of them to work out of their homes has been seen as a major reason. The nationwide lockdown has temporarily shut most of the recreational spaces, fitness health facilities like yoga centres, gyms etc. This has brought the focus to finding homes with recreational spaces in form of amenities within the luxury residential projects.

Since owning a residential asset in a prime location is a matter of pride amongst most home buyers, the pattern of home buying trends has deviated towards prime locations like Worli, Lower Parel and Dadar. With a good neighbourhood and reputed schools, hospitals and good connectivity by road and metro, the home buying trends have shown a rise in the demand in these locations. Residential luxury homes, like Vraj Tiara, offer spacious 3 BHK, 4 BHK and 5 BHK sea facing flats with balconies have amenities like gym, cafeteria, play area within it’s residential complex.

Architecture of high-rise buildings in Mumbai city has come a long way, from the apartments of yester years which was more functional and less importance on aesthetics, flexibility and light.

Today real estate developers understand the home buyers demands, being well travelled and more aware of the developments and their purchase decision is more based on design of the apartment as much as it’s location.

A well designed apartment can make a huge difference in one’s lifestyle.

Spacious

The first aspect that strikes any home buyer is the spaciousness. This feeling is created by opening up any visual barriers. This is designed for maximum air flow.

When you are hunting for a new place to live, it helps to remember the golden rule of real estate: You’re not just buying or renting a home — you are also buying into and becoming a part of a neighbourhood.

As most people are aware, not all neighbourhoods are perfect. Since not every neighbourhood might be a perfect fit for all the unique needs. Although a neighbourhood may have it’s own share of advantages and disadvantages, it is important to view it from each person’s perspective to match to one’s needs. Some homes that are centrally located in south Mumbai are often looked at as an ideal neighbourhood. Homes around Worli , Lower Parel and Prabhadevi are often considered as ideal place to live in. Home buyers are interested in purchasing properties like Vraj Tiara at Worli, which not only adds as an exclusive address to your residence, but also give you a good neighbourhood that you pride upon.