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We, at JP Infra, believe that building a home is not just about investing in property. Here we not only offer you various reasons to invest in property in Mumbai or why Mira Road is the best location for property investment in Mumbai right now, but also a list of innovative ways and unique quirks to transforming your house into a vibrant, lovely home.

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| February 8, 2023

Eco-Efficient Living: Tips for Making Your Home More Sustainable

Eco-friendly home design refers to houses that are built with environmentally friendly and sustainable materials. The most significant way in which it can positively affect the environment is through the use of eco-friendly materials in housing design.

So, let us look at some of the most effective ways to make your home green and eco-friendly.

  • Switch to LED lighting: LED is an abbreviation for “light-emitting diode.” LED light bulbs are approximately 90% more efficient than traditional incandescent light bulbs. LED lighting can help your home run more efficiently while also saving you money. High-quality LED lights have a lifespan of 30,000–50,000 hours or more, whereas an incandescent light bulb has a lifespan of only 8,000–10,000 hours.
  • Use Pre-Loved Furniture: When possible, try to buy used furniture. Repurposing and reusing items is an excellent way to save money while reducing waste in landfills. Learn to reuse, repurpose, and upcycle household items to extend their lifespan. Older, used items can often provide years of good wear for a family and may only require minor maintenance. It is also a lot more enjoyable to look for antiques than to trudge around a large department store!
  • Say No to Plastic: There’s something extremely convenient about using plastic bags at the grocery store. Is it because they are so light? Is it because they have handles to make them easier to carry? Unfortunately, our comfort is a hazard to the environment and wildlife. Choose greener, reusable cloth bags instead, and your home will be free of plastic bags.
  • Optimized home design: Connecting with nature has numerous health benefits but optimizing your layout to take advantage of natural light is also an effortless way to reduce energy consumption (and save money). Think about which rooms receive the most sunlight and how you use them. To make your home eco-friendly, you can optimize cross-ventilation. Design for natural airflow, use ventilation fans to keep the air moving, plant trees and shrubs, and use shading devices to block the sun’s rays and reduce the need for cooling. This can reduce the need for mechanical cooling and heating systems, saving energy and money on your utility bills.
  • Bring in Houseplants: Greenery can make a significant difference in a home, especially during the summer months. There are numerous ways to turn small spaces into lush patches of green, ranging from terrace gardens to indoor plants and vertical gardens. Vertical gardens, window ledge greenery, and indoor plants are excellent alternatives for urban homes that do not have the luxury of a terrace.
  • Opt for Energy-Efficient Appliances: Buying and using low-cost goods does not always imply being environmentally conscious. Make a list of your electrical appliances and determine whether they are made of environmentally friendly materials and are energy efficient. Buying new, highly rated, and energy-efficient appliances is always preferable to using old, inefficient appliances that consume more energy. This covers air conditioning systems, washing machines, refrigerators, and ovens. All these appliances have an energy rating and purchasing appliances with the highest rating is the best way to start with eco-friendly house designs.

We can make our environment more environmentally friendly by taking small steps. Many people are committing to protecting the environment and making efforts to do so, and it is now easier for us to follow those steps in our lives to live a healthy life. There are numerous benefits to eco-friendly living; it not only saves time and money, but it also protects your health, reduces environmental impact, and improves indoor air quality. Green building enables people to live more resource-efficient and sustainable lives.

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| January 20, 2023

Financial checklist for first-time homebuyers

In the previous blog, we learned what physical factors should be considered when purchasing a new house. Now we will move forward to understand the economic factors that affect the decision-making process when buying a new house.

Purchasing power: This may not be the most enjoyable aspect to consider, but it is the most important, especially when compared to amenities and aesthetics. If cost is not considered, your dream home may end up being more of a source of worry than an escape. Always try not to push yourself beyond the limits of your budget. Remember that there are additional costs to consider other than the monthly mortgage payment. When going in for a purchase, you should also consider local taxes, monthly utility costs, and association fees. Allow some wiggle room in your budget in case of emergencies.

Interest rates: Interest rates play a key role in determining the cost of a mortgage and can have a significant impact on a home-buying decision. When interest rates are low, it makes it more affordable for buyers to borrow money to purchase a home, which can lead to increased home sales and higher home prices. On the other hand, when interest rates are high, it can make it more difficult and expensive for buyers to secure a mortgage, which can lead to a decrease in home sales and lower home prices. However, it is also important to consider that low interest rates may not always be the best option, as they can also be a sign of a struggling economy and the potential for future inflation, which can affect the value of your home over time.

Down payment: Even the amount of the down payment for new home buyers can be quite substantial. The amount paid upfront to the seller or property owner is referred to as a “down payment.” In India, the minimum down payment for a home loan is 20%. The RBI has instructed banks and NBFCs to lend only 80% of the property value, with the remaining 20% arranged by the borrower; this 20% is the down payment. It protects the lender financially and ensures that the customer will repay because a sizable portion of his personal funds are invested in it. There is no such thing as a maximum limit on the down payment amount. You can put down as much money as you can afford. Remember that the larger your down payment, the smaller the home loan amount for which you must apply. And hence, the interest payments would also be lower. So, try to make the largest down payment you can without breaking the bank.

Current market state: One of the factors to consider when buying a home is something one has no control over, i.e., the market state. The market you are interested in may not have a home in your price range or a suitable location. In addition, some market values determine whether ownership is a viable option. In some markets, it is cheaper to own than to rent, but there are others where renting is justified. It all depends on the current situation in the market of interest. So, interest rates are important, but owning in the right market is just as important.

Debt-to-income ratio: The debt-to-income ratio (DTI) is the percentage of your monthly income that will go toward debt repayment. You can calculate this by adding up all your monthly debt payments and dividing the total by your gross monthly income. The lower this number, the easier it is to meet home-buying requirements. Your DTI is used by banks to determine whether you can afford to buy a home through a mortgage. Lenders use a figure to decide how much they will be willing to lend you.

Additional costs: Understanding and evaluating the actual costs of ownership is required when purchasing a home. There would always be other expenses other than the sale price of the house that you may have to pay. You must consider costs like stamp duty, registration fees, GST, maintenance charges, etc. Similarly, taxes such as property tax and other government levied should be considered before purchasing a home. If you do not plan for these, the actual costs will typically increase at the time of purchase, which can derail your financial planning.

Bonus point: As important as it is to know what you want in your dream home; it is equally important to know which aspects of homeownership can make you upset. That way, you can steer your home search away from those characteristics and avoid having your idealistic living experience ruined by a feature you cannot change. For example, if you cannot stand living on top of your neighbors, look for a property with more breathing room on your lot or expand your search to a less-populated area. Every property will have some sort of compromise, but when it comes to your dream home, those compromises should be minimal. As a rule, if you spend more time after a showing focusing on the one less-than-desirable aspect of a property than on the handful of positive attributes it has to offer, the compromise is not worth it.

Simply put, if you think you are ready to afford a house, keep in mind the factor “affordability” means much more than just the sum of money required to purchase the house. Other financial and lifestyle factors should be considered into your calculations. When you consider all these factors, it becomes clear that the situation is more complicated than it appears. However, considering financial factors before making a purchase can help you avoid costly mistakes and financial problems later.

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| January 17, 2023

Factors to consider before buying a house

We know that purchasing a home, whether as an individual or as a family, is a major financial decision. It takes a lot of effort to gather the resources necessary to purchase a home. Therefore, we believe it would be wrong if you bought a house; you would dislike, so we taught of sharing some pieces of advice that might help you in our house hunting journey.

In this article, you will learn about some important factors to consider when purchasing a home. Consider it a checklist or set of criteria that must be met before handing over your hard-earned money to purchase a home.

There are many factors to consider before making this decision, including location, size, connectivity, etc., as well as the financial aspects of buying a house, such as prices, interest rates, and taxes. And hence we have distributed these factors into two different categories, i.e.,

  • Physical factors
  • Economic factors

In this blog, we will focus on the ‘Physical factors’ that one should consider before buying a new house.

  • Reason for Purchase: Before you rush into the process, the first and most important question you must ask yourself is, “Why am I buying the house?” Is this decision the result of the landlord’s constant badgering? Or is it because society’s pressure has finally gotten to you? Or is it because you see your friends, family, and people around you purchasing a house and you do not want to feel left out? Whatever the reason, you need to be clear about it yourself first. Although buying a home is one of the biggest achievements in anybody’s life, one cannot afford to burn a hole in the pocket for the wrong reasons.
  • Prerequisites: Once you are clear about your reason for purchasing a new house, you can further define your requirements. For example, when do you want to move into your new home? Questions like these will help you decide whether you want a “ready-to-move-in” property or one that is still under construction. It should not be the case that your requirement is to move in within a year, but the committed delivery period is two years. Aside from the construction period, you must also be certain of the approximate size and specifications you require, such as 1 bedroom, 2 bedrooms, 3 bedrooms, or higher. Once you know your requirements, you can narrow your search and determine your budget. which will also inform you about available locations that are within your budget. Based on these factors, you can now evaluate the various options and offers.
  • Financial status and budget: Although the budget fall under economic factors, here we are going to just touch the tip of the iceberg. It happens many-a-times that we come across a property with all the bells and whistles, such as the perfect size, living space, amenities, and so on. We almost have it finalized in our heads, but when we sit down to negotiate, it goes way over our budget. Hence, having a set budget in place is critical. Always consider all your other financial obligations to get a clear picture of your budget range and EMI outgoings.
  • Developers’ reputation and goodwill in the market: Before purchasing the right property, it is wise that you conduct extensive research on the builder’s profile and delve into the builder’s history. You can surf the web or go to the developer’s website to learn more about the developer’s reputation by looking at the previous projects that he has completed.  You can also inquire about the status of his current under-construction projects, his reputation among previous clients, and their reviews and experiences. This investigation will assist you in determining the builder’s credibility and dependability so that you can make an informed and safe investment.
  • Location and Surroundings: Every now and then, we come across a property that meets all our requirements. It might even fit into your budget. However, there are still various factors that need to be evaluated, such as ease of accessibility, road conditions, the location of the property, the type of amenities, or any future developments such as metros, bridges, education hubs, markets, and health facilities. You must also consider the neighborhood and the types of people who will or are already living on and around the property. Remember, your property does not exist in a trance. It is part of a larger community in which you will live daily. Keeping this in mind, you must find a neighborhood that meets your requirements before purchasing.
  • Connectivity: Other important factor to consider when purchasing a home is the location’s accessibility, particularly from your workplace. Examine how close and accessible transportation facilities, such as stations, bus stops, and express highways, are to the property. Because you will be traveling every day, you should not spend hours of your life traveling from home to the office and vice versa. Also, be certain about what you want your house to be. An ideal getaway that provides you with the peace of a secluded forest, or do you want to feel the energy of a bustling city center? Do you want to be able to walk to a coffee shop every morning or have a viable picnic spot nearby? Ask these questions, get answers, and then go house hunting.
  • Carpet area; built-up area; super built-up area: If you are looking to buy a home, you must understand the distinction between carpet, built, and super-built areas. The carpet area, as defined by the Real Estate Regulatory Authority (RERA), is the net usable floor area of an apartment, excluding the area covered by external walls, areas under service shafts, corridors, and the open terrace verandah area, but including the area covered by the apartment’s internal partition walls. The external perimeter wall surfaces of a building determine the built-up area. It is the carpet area plus the thickness of the walls, as well as other unusable areas within the apartment such as the dry balcony, terrace, and so on. The saleable area of a premise is its super built-up area, which includes the carpet area as well as the terrace, balconies, areas occupied by walls, and areas occupied by common or shared construction (e.g., lifts, stairs, etc.). In some cases, builders may include amenities such as a pool, clubhouse, and garden.
  • Amenities: Amenities are extremely important when it comes to selecting high-quality residential real estate. Amenities are features such as a clubhouse, swimming pools, gyms, green spaces, and so on that make residential apartments more desirable. They make a significant contribution to the pleasure and enjoyment of residents and homebuyers. Personal preferences, requirements, availability, affordability, and exclusivity should all be considered when selecting amenities. Amenities always add some fixed or variable cost to the property, which may affect the resale value.
  • Rental and resale value: It is critical to account for the house’s rental and future resale value. When you are finalizing the house, you must consider the future profits that can be made from the property. As your ROI will be determined by a variety of factors such as location, ease of access, infrastructure quality, and so on, it is critical to learn everything there is to know about the property. It will eventually benefit you in the long run by fetching a good rent or resale value if you decide to do either of the two.
  • Fine prints: When you have completed most of the preceding points and have decided to issue the token amount, Wait! Ensure that you have thoroughly read between the lines and comprehended all the clauses, penalties, and implications. Make certain that you have calculated the additional costs. Also, check the delivery date and the penalty clause. Only sign the final agreement after you have carefully verified all the terms and conditions in the agreement to your satisfaction.

Everyone has the right to find the perfect home for them, and it is possible with the proper amount of research and information. Keep these important factors in mind, and you and your family will indeed find your dream house.

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| January 9, 2023

2022 REVIEW: A Booming Year for Residential Real Estate

2022 was a year of recovery and growth for the Indian residential market with tangible signs of revival and resilience, which is demonstrated in the growth of residential demand and supply across the country. Despite the industry’s numerous challenges, housing sales have strongly rebounded this year and real estate purchases will continue as residential real estate, has benefited greatly from the post-pandemic rebound and is anticipated to experience a similar growing pace in sales in 2023.

The main cities in India have experienced a new peak in property sales in 2022, breaking the previous record set in 2014. Data from real estate advice firm Anarock shows that in the top 7 cities, more than 3,57,635 units were sold in 2022 as opposed to 2,36,693 units in 2021. Mumbai experienced the most sales in 2022, up from 56,883 units in 2021 to around 1,24,652 units in 2022.

Residential real estate was able to acquire and keep momentum due to low mortgage rates and continuously rising homeownership sentiment. Property buyers have also shown a shift in focus from location-specific preferences to a preference for practical homes with supplementary amenities. The government has also been encouraging home ownership by offering grants and loans to first-time buyers who need assistance in purchasing homes that fit their budgets and needs.

Although in response to a rise in construction costs, real estate prices in the residential sector increased by an average of 4–8%. There was also added pressure from the Reserve Bank’s 225 basis point increase in interest rates since May. Demand, however, continued to be strong due to positive consumer attitudes. 

India’s residential real estate business, saw astonishing growth and sales that broke records. Here are several trends that contributed to 2022 being a successful year for the real estate sector

  • New construction now features more mid-range and luxury homes : – The three sectors with the highest sales in 2022 were mid-range (INR 40 – 80 lakh), premium (INR 80 lakh – INR 1.5 Cr), and luxury (>INR 1.5 Cr). Affordable housing, on the other hand, had a difficult time, with more buyers in this segment adopting a cautious approach attitude; therefore, new supply in this category significantly decreased.
  • The expansion of suburbs : – Despite the near-normal circumstances following COVID-19, remote locales dominated the demand in 2022. Compact residences positioned close to city center in overpriced urban areas are part of the walk-to-work idea, which has lost appeal. Despite the return of remote work and physical school attendance, the suburbs triumphed.
  • Property values rise : – Despite an average 5-7% increase in housing prices in 2022 and rising home loan rates, residential sales did not suffer. After a period of relative stagnation of 2-3 years, these price increases were inevitable.
  • Spikes in rental demand : – Rental demand increased once more after sharply declining during the worst of the pandemic, at least in the hybrid model, as more businesses called their staff back to the office. Demand on the rental market has exceeded pre-pandemic levels. On average, rentals increased 20–25% from pre-pandemic levels, with some of the most populated societies experiencing increases of more than 30%.
  • Planned communities were preferred : – In 2022, planned communities were common, particularly in South Indian towns. While plotted developments dominated the residential landscape in Bengaluru, Chennai, and Hyderabad despite the pandemic’s harshest effects, which included a rise in desire for independent living.
  • Integrated living was prioritized : – The notion of integrated living is quickly growing rapidly in the residential sector, with home buyers preferring projects with modern amenities such as shopping malls with multiplexes, schools, hospitals, leisure clubs, office buildings, and parks. This trend accelerated, as home buyers sought a more peaceful, self-sufficient, and secure lifestyle. While township living meets all of residents’ social, civic, and recreational needs and is equipped with multi-layer security systems, demand for township living increased and is expected to continue in 2023.
  • NRI home buyers became more interested : – NRIs who own a home in this country have a sense of security and continuity to fall back on in times of crisis. This gave them the option of retiring in the country or exploring new business opportunities in the region. The combination of low home loan rates, a drop in the Indian rupee’s exchange rate, great offers and deals, the availability of houses, and never-before-seen pricing will made 2022 a good year in terms of NRIs investment in real estate.
  • Real estate as a potential investment : – The tangible aspect of the home as a long-term investment tool is stronger than ever. The year 2022 saw an increase in secondary home purchases. People began to recognize the advantages of investing in real estate and saw it as a safe and secure investment option. Given that the real estate market is less volatile than other investment markets and provides higher returns, 2022 saw a multiplication of real estate investments.

The year 2022 has revealed the increased assurance of purchasers, investors, and developers. There is widespread belief that 2023 will not be all that different from 2022, which saw a magnificently booming real estate market. We are optimistic that the sector will continue to thrive and post new growth figures.

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| July 20, 2018

Why Is Green The Best Colour Outside Your Home?

Every time you think of a city, you have to think green, green, green. Every time you see concrete jungle, you must find open spaces. And when you find open spaces, make it so people can get to them.

– Eduardo Paes

Living in an urban city like Mumbai, where there is rampant redevelopment happening in all direction, one has to realise that it is at the cost of our green spaces. Especially now, when a Metro is being built to connect the city, but deforestation is also at its prime.

Worldwide, whether it is New York, London or Sydney, gardens and even National Parks are an intrinsic part of the cityscape. These places encourage people to connect to Nature, indulge in family time and rejuvenate themselves. It becomes a way for community events, music performances and picnics to take place and bring people closer.

Adults require a significant amount of green dose in their everyday life. Not just for one, but for multiple reasons listed below.

• It is scientifically proven that simple things like walking barefoot on grass, hugging trees and taking forest ‘baths’ i.e walking through forests in silence can work wonders for one’s health.

• Spending time in gardens can reduce stress levels, blood pressure, depression, anxiety and help asthma afflicted people to breathe easy.  Having plants and trees around is a blessing for those with allergies, improves eyesight and visibly cools the air temperature.

• We are already aware that trees in the neighbourhood absorb carbon dioxide and pollutants, cut down noise levels, improve the quality of air that we breathe and release oxygen in the air. Each tree contributes to supporting and sustaining the eco-system, strengthening the earth with its strong root network. and ensuring our monsoon arrives on time and in abundance.

• They say, we are only caretakers of the planet for the next generation and it is our duty to not only look after it, but also to nurture it, so that our children and their children will live and flourish in good health.

• Having greenery around us is not an option, it is an essential ingredient for our physical, mental and emotional health. It is not a privilege of a few, but the right of all.

JP Infra is among the few real estate developers in the country that is consciously working towards ensuring green neighbourhood across their residential project in Mira Road– JP North.

For first time buyers as well as investors, who are keen on buying 1 or 2 BHK property in Mira Road and want ample greenery included in their residential project amenities, this is an excellent option, which will bring more than just financial returns in the future.

Young couples now prefer to purchase their own 1-bedroom home in upcoming suburban localities of this city, rather than stay on rent, and having lush gardens and abundant greens will improve their well-being and overall health. It will also be an ideal environment to raise their kids in.

If you’re looking to buy property in Mira Road, then fresh GREEN is the colour you want around it.

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| July 20, 2018

Let Children Connect With Nature

Ultimately, the only wealth that can sustain any community, economy or nation is derived from the photosynthetic process – green plants growing on regenerating soil ~ Allan Savory

We live in the age of Artificial Intelligence (AI). Everything from your phone to your laptop to your security systems are ‘smart’, but children are losing their natural instincts and playfulness.

Barely 20 to 25 years ago, were children spotted on playgrounds, climbing trees, getting muddy on the soil, playing board games, visiting libraries and nurturing friendships while learning the ups and downs in the classroom of Life.

In contrast, today even board games are played through apps, and if people are travelling, they’re busy clicking pictures to post on social media rather than actually experiencing something new. In the process, they do not realize that staring at screens for prolonged periods of time can actually numb the senses. Children are even more affected by this.

Innovator and educator Sonam Wangchuk believes that, if children from urban schools and the mountains were to be sent to the forest, city kids would lack even the basic survival tools and know-how, because they’re being spoon-fed and deprived of living with Nature.

Being exposed to natural surroundings benefits children in many ways, both mentally and physically.

• Being mostly indoors, in a sterile environment increases their risk of juvenile obesity, diabetes, sleep apnea as well as social and psychological issues. This is also the reason why the number of allergies in children has gone up in the recent years. Residential project in Mira Road – JP North – has ample of open green spaces for children to play all sorts of sports.

• Several independent studies have shown that when children as little as 2 or 3 years are introduced to plants, animals and are allowed to play with soil, they are exposed to thousands of different bacteria, germs, microbes, fungi. Their immune system is developed and strengthened. Scientists have discovered ‘Mycobacterium vaccae’, bacteria found in soil which has been shown to activate the neurons in our brains that produce serotonin, decreasing anxiety and depression.

• They also receive their dose of Vitamin D via natural resources, and their bones are fortified.

• Spending time in Nature enhances a child’s motor and cognitive skills, improves learning and gives them a positive attitude. Maze Garden in JP North can prove helpful for this.

•  Children exposed to Nature early on in life are known to be less prone to respiratory illnesses, allergies, vitamin deficiencies and Type 1 diabetes.

Children can manage without gadgets, but they will be helpless if they lack life skills.  And the best place to enjoy all this is in the neighbourhood garden or park. It is there that their all-rounded development takes place, which in turn makes them independent, self-sufficient and grounded adults in the future.

With themed gardens, lush tree-lined roads, outdoor spaces as well as play areas and libraries for children and adults, 1 and 2 bedroom homes in JP Infra’s residential project in Mira Road – JP North- are an ideal investment for more than just financial reasons. JP Infra has also invested in solar panels, rain water harvesting and waste management, as part of its eco-conscious approach.

Have you visited a JP Infra project to select your own 1 or 2 BHK home in Mira Road?

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| June 29, 2018

Sustainable Living For The Future

As per a recent World Bank Report, India will be unable to meet almost 50% of its water needs by 2030. That’s a probability which is only 12 years away. We have already seen the impact of drought-affected villages in the recent years.

Every day, the media provides us with update on the number of trees that are being cut. Scarce attention is being paid to the environmental price we and our future generations will be paying for this.

Can we afford to pay this price? Can our children afford to pay this price? Instead of being passive observers to what is happening around us, we can become actively involved and start engaging in sustainable living.

Sustainability is not just in trying to be eco-friendly superficially but is a way of consciously living life so as to reduce our damage to the environment, and in contributing to its revival.

6 ways to practice sustainable living:

1. Rainwater Harvesting:

Residential projects like JP North in Mira Road, hotels and communities have set up rainwater harvesting facilities that collect rainwater and redirect it for usage in toilets and cleaning.

2. Solar Power:

Being a nation that enjoys consistent sunlight throughout the year, by installing solar panels at JP North, we are trying to reduce the load on conventional electricity and bring down the pollutant emissions.

Similarly, we can also reduce the overall consumption of electricity by waking up earlier and doing much of our work using daylight.

3. Car Pooling:

Every litre of fuel consumed leads to two kilograms of carbon dioxide being released in the atmosphere. With the number of car sales going up every day, it is almost impossible to measure the levels of pollution we are responsible for.

By car-pooling with friends and neighbors, we can cut down our fuel expenses, and put a cap on the intensity of emissions.

4. Planting Trees:

A Chinese proverb says “The best time to plant a tree was 20 years ago. The next best time is today”. One does not need to go back to school to understand the value of a forest. Every tree sustains an entire eco-system, absorbs toxic gases and feeds so many life forms, while the roots strengthen the ground and help store water. Ensure that you and each of your family members plant at least one tree each year.

5. Refuse, Re-use, Re-cycle:

In your everyday life, ‘Refuse’ what you really don’t need, ‘Re-use’ what you can, and ‘Re-cycle’ anything that would otherwise just add to the garbage disposal and take years or even centuries to decompose.

6. Choosing where to live:

While buying a home, it’s always better to ensure that the project has some of the above-mentioned systems in-built. This also protects you by giving you guaranteed returns on your investment in the long term.

JP Infra is consciously taking the standards of residential projects to a new height by introducing sustainable living spaces like JP North, which offers an array of home configuration like 1 & 2 BHK homes in Mira Road. With well-planned landscape gardens, solar energy panels, ring wells and even sewage treatment plants installed, you can be assured of residing in a complex that has already been designed for sustainable living in the future.

As property rates soaring high in the neighborhood, JP North is an ideal place for you to buy your first home in Mira Road, which is now a rapidly flourishing suburb of Mumbai.

A home is forever – why not make a mindful choice while selecting your new home?

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| May 24, 2018

Why Are Young Couples Buying Their Own Homes?

It has been 70 years to our Independence. In 7 decades a lot has changed in society and in the traditional Indian family structure as well. Hence, one has to change if one has to evolve.

Until 30 years ago, joint families were the norm. But as the younger generations began to migrate to other cities or abroad, slowly nuclear families started becoming common. Earlier, if a son shifted out with his family, it was considered blasphemous and attributed to discord within family members.

Today, it is nothing out of the ordinary.

Why the trend?

Emotional Reasons:

Nowadays, unlike 3 decades ago, most wives are also working and contributing to the family income, alongside their husbands. The need for physical and emotional space is much more; especially as they only get quality time with each other on the weekends.

Secondly, instead of letting the parents feel burdened by the load of home chores while they go to work, they find it practical to stay within the same city, but on their own.

Additionally, the tolerance levels of the present generation are vastly different from their parents when they were newly married. Rather than create conflict while staying together, it is a better decision to keep some distance, and retain respect for each other

Financial Reasons:?

Young couples, nowadays, are financially better informed. By purchasing their own homes, they’re investing in an asset that can only appreciate over the years.

Some foresighted couples, with or without children, also invest in more than one home, in upcoming neighborhoods, which they then put out on rent and earn additional income.

Today real estate, especially in Mumbai, has been growing by leaps and bounds. Localities which were considered ‘too far’, or ‘not-so-sophisticated’, are being developed into beautifully planned neighborhoods which are more suited to the needs of young couples, and are already being counted as ‘upmarket’.

Property developer in Mira Road like JP Infra are consciously designing and executing such high-end projects, which can be bought on installment basis with similar budgets that one would have set aside for monthly rent. This becomes a far more viable option than paying rent, which is, after all, an investment with no returns.

More than anything, the security of living in your own home is unmatched.

Practical reasons:?

Commute between home, schools and the workplace being a prime factor in decision making, today’s couples are choosing to invest in homes which are in close proximity to educational as well as recreational facilities. JP North is one such Residential project in Mira Road which is seamlessly connected to every necessity of a modern day couple.

Having small children, many young parents nowadays put priority on selecting neighbourhood which are greener and have gardens, libraries, club-houses, music classes or art classes around. Much weightage is given to security within and outside the complex. Couples have the right to demand such facilities as almost every new project has multiple leisure activates right in the project. When it comes to residential project amenities, JP North offers a sea of them. There’s something for everyone. Themed gardens, Indoor and outdoor swimming pool, ample of open spaces for kids, a sports complex to take care of all your fitness needs, and also facilities to nurture the artist in you are all within the project.

Couples also prefer to buy homes where there is easy access to essential facilities, and at the same time is a young neighbourhood i.e has other families with a similar demographic.

While there are many reasons that couples may have in purchasing their own homes, there are equally good reasons to buy first home in Mira Road, that too in JP North.

Come over, and let us help you zoom in on your dream home.

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| April 30, 2018

How To Keep Your Kids Away From Mobile Phones / Gadgets?

Do you remember your childhood with fond memories? An innocent time of playing with friends, cycling in the garden, climbing trees, running, story-telling sessions, board games, and getting to know each other everyday on the playground?

Now, being a parent to a young child or children, do you feel you have offered them the same carefree childhood and freedom?

Many parents face this dilemma, while trying to create a balance between family and work. It is not uncommon for toddlers as little as 10 months to be exposed to television, or worse, LED screens and smartphones, by parents who feel they will learn something from these.

Sadly, today’s generation of children is growing up with gadgets and not greenery. They are so hypnotised by the screens of their smartphones, tablets, video games that they hardly know the pleasures of getting dirty on the playground, or the joys of being part of a team.

Between school, classes and gadgets we are depriving these bright minds of their right to a happy childhood. When they grow up and look back, they will not have the same vivid memories as you have of your wonder years.

It is a well-known fact worldwide, that the founders of the most prominent software companies have not allowed their children to use gadgets created by their own companies until they’re much older. Several independent studies show that the more time children spend with gadgets, the lesser their all-rounded development. The radiation emitted by smartphones is a proven health hazard. Overuse of gadgets not only strains their eyes, but also slows down their thinking, hampers their emotional growth and affects their IQ. The closer they are to nature, the healthier they will be, and will be better equipped to handle life’s challenges.

But, what if you had a chance to give your children the same simple joys, rather than have them addicted to gadgets and screens all the time? What if, despite living in the hustle and bustle of Mumbai city, you could still raise them in an environment of greenery and play through your residential project amenities?

The team of JP North decided to make children and childhood a priority while designing, and can proudly say, that this is definitely a place that will create delightful times for your little ones, as they’re growing up!

Multiple garden spaces, with theme gardens like the Butterfly garden, Zen garden, Maze Garden, Fruits, Flowers & Spices Garden and the Astrological Garden, among others, will allow kids of all ages to experience nature in all its radiance. The well-stocked library is a perfect place to light up their imagination and inspire them. After all, they say – “A child who reads, will be an adult who thinks”.

There are indoor play facilities and game rooms, as well as an indoor sports complex that will ensure fun even on rainy days, while the art studios will nurture creative young souls. A clubhouse for everyone to gather and build friendships, has also been included in JP North.

We also understand that, as parents, the primary concern is the safety of their children. Built like a mini township, the entire neighbourhood is secured with CCTVs and round-the-clock security.

We have taken every effort to create a place where children will forget their gadgets, and be enthusiastically involved in all kinds of extra-curricular activities that will develop their minds, bodies and souls.

Step into JP North, and experience the fulfilment of living a wholesome life, while providing your family all that you always dreamed of.

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| April 30, 2017

The Future Of Real Estate Investment Is Mira Road

Today, Mumbai is one of the costliest places to live in. With rising prices, a home here is no less than a lifetime’s investment for a common man. If you are one of those still looking for fruitful options to make this investment in real estate, then Mira Road has emerged as a popular destination to put an end to your search.

In recent years, Mira Road real estate has emerged as one of the most viable destinations for investment.It is evolving in several ways i.e. good infrastructure, better connectivity and more budget friendly homes, thus raising the bar of the real estate sector.

Several technically well-developed infrastructure projects have come up already, while others are queued for development viz. Redevelopment of water drainage systems, widening of other roads in the locality, implementation of new fire stations and more. A new sewage treatment plant has already been installed.

Connectivity:

The main reason leveraging the demand for Mira Road property is its excellent connectivity to different parts of Mumbai, especially since it is a locality that extends from Mira-Bhayander all the way, up to Ghodbunder Road in Thane.

Getting to any other suburb of Mumbai is now possible, due to a highly developed network with many roads, highways, flyovers and transport services from here. Part of the existing BRTS (Bus Rapid Transit System), i.e. Mahim-Mira Road bus passageway is now functional. Many other bus services are available regularly for public transport. Mira Road is also accessible to the WEH (Western Express Highway) that connects it to various employment destinations like SEEPZ, Bandra-Kurla Complex (BKC) and Lower Parel. Connectivity to Navi Mumbai and Thane is provided via Ghodbunder Road.

Two primary roads connected with the locality are Station road and Mira – Bhayander Link Road. Besides, the road connectivity, Mira Road is also linked with western railway line of Mumbai. Plan for the four-lane Road that will connect Mira Road to Bhayander and Gorai is also already under way. A proposal for the metro rail from Dahisar to Mira Road has added to the increasing demand of Mira Road’s residential sector.

Entertainment Hub:

Mira Road is also a hub for quite a few entertainment malls, schools and colleges, nursing homes and health care centers, thus attracting the investors to live a more affluent lifestyle by residing in Mira Road real estate This includes, Niranjanlal Dalmia High School, Sardar Vallabhbahi Patel Vidyalaya, Bhakti Vedanta Hospital, Sidhivinayak Hospital and more. Vardhaman Fantasy on Mira-Bhayander road is one of the famous recreational hubs for residents of Mira-road.

Value Appreciation:

Since 2014, the property rates in Mira Road have escalated between 20-25%, and are still expected to rise further due to the availability of reasonable properties and its growing market values.

Developments in terms of real estate in Mira Road and Bhayandar are in full swing. Prices in the adjacent Borivili and Kandivili areas are 35-50% higher than at Mira Road. With an improvement in infrastructure in and around Mira Road, prices here will definitely see a strong appreciation in the long run.

Out of the investment options in Mira Road, families who have bought homes in JP Infra’s ongoing project JP North have already received a high value appreciation after the price hike. For someone planning to invest in a property at pocket friendly rates, coupled with exceptional amenities, JP North is the perfect option.

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