Take Your Pick of the Best Mumbai Real Estate Companies

Introduction

Mumbai is the city of dreams and is home to a variety of properties. It's not easy to pick the best real estate company in Mumbai. After all, there are so many of them! But fret not, we're here to help.

We've compiled a list of the top five. So whether you're looking to buy or rent a property in Mumbai, these companies are a great place to start.

So what are you waiting for? Get started on your dream home today!

Popular Real Estate Companies in Mumbai

Mumbai, the city of dreams, is one of the most popular metropolitan cities in India. It is the economic capital of India and boasts a population of over 20 million people. Mumbai is a city that has something to offer everyone, from businessmen and entrepreneurs to students and retirees.

Given its population and economic stature, it's no surprise that Mumbai is also home to some of the best real estate companies in India. These companies offer a wide variety of services, including property rentals, sales, and management. They also offer a wide variety of properties, from luxurious high-rise apartments to sprawling bungalows in the suburbs. 

Mumbai also houses a number of best housing options constructed by builders like Raheja builders, Nahar Group, Rustomjee, etc

 With the variety that the properties in Mumbai have to offer, it could be quite 

a task to choose the best. There are so many companies to choose from, each with its own unique selling points. That's why we've compiled a list of the best real estate companies in Mumbai. So whether you're looking for an affordable apartment in a busy suburb or a luxurious penthouse in the heart of the city, we've got you covered.

Tips for Choosing a Real Estate Agency in Mumbai

When it comes to choosing, there are a few things you need to keep in mind. Here are a few tips:

1. Do your research: 

Take your time and do some research before making a decision. Look at reviews online, and ask around for recommendations.

2. Meet with the company: 

Once you've narrowed down your list, meet with the representative in person. This will give you a chance to get to know them better, and see if they're the right fit for you.

3. Ask questions: 

When meeting with the representative, be sure to ask plenty of questions. This will help you get a better understanding of their process, and see if they're the right fit for you.

Types of Properties Available in Mumbai

When it comes to real estate, Mumbai is a vast and varied market. You can find properties in all shapes and sizes, catering to all budgets and needs. Whether you're looking for a luxurious condo in the heart of the city or a sprawling villa in the suburbs, there's something for everyone.

Conclusion

So there you have it—three top real estate companies in Mumbai. It’s now up to you to decide which one is the best for you. Do your research, compare the services offered, and read reviews to see what other people have had to say. Then make your choice and start house hunting!

Bringing you the Best of Mumbai Property

Mumbai is one of the top destinations in the country, for investing in real estate, with premium and economical projects spread across the city But, with many unscrupulous brokers out there, the customer is wary of who to approach. To address this issue, one of the biggest financial services firm in India, Edelweiss, has plunged into the real estate industry, with their new real estate advisory platform, Edelweiss Home Search. Edelweiss flats give you the assurance of first class homes, from prestigious and reputed builders, with constant support and advice throughout the entire purchase process. Here are two properties that Edelweiss brings to you in association with their respective developers:

1) Deep Auralis: It is a 28-storey project, located in Louis Wadi, Thane, offering 2, 2.5 & 3 BHK homes, with mesmerizing panoramic views of the Yeoor Hills and Thane Creek. The numerous amenities bring to you a sense of abundance, affluence and accomplishment. They include imported bathroom fittings, AC Lobby, imported marble flooring in bedrooms and kitchen, indoor game room, jogging track, multi-level car parking, open air jacuzzi, fully equipped gymnasium and theme garden. Location advantages include railway connectivity, proximity to Wadala-Thane metro station, proposed Thane-Borivali road tunnel and connectivity to business and corporate hubs including the new TCS campus, and is also close to Korum and Viviana mall.

Deep Auralis

2) Rohan Lifescapes Aquino: This is 31 storey luxury project, offering individual 3 BHK exclusive homes per floor, with a never before seen 270° view, with an incredible vista of the Arabian Sea. The amenities include luxury facilities like multi-level parking, imported rain showers, grand swimming pool, fully equipped gymnasium, landscaped garden with play area, multi-purpose banquet hall. Location advantage includes proximity to hospitals, banks, educational institutes, hotels and malls and multiplexes.

Rohan Lifescapes Aquino

These are two premium, exclusive projects providing Edelweiss flats, thus promising you verified and simplified purchase process with zero qualms.

The RERA Act – Making The Home Search Process Easier

The Mumbai property scenario has always been booming, but due to some unscrupulous brokers and developers, those looking for homes have faced hassles for a long time. They used to take advantage of loopholes in housing laws to harass home buyers, who had no choice but to accept the situation.

But now, thanks to the Real Estate Regulations Act (RERA), the entire process of purchasing a home has been streamlined for customers. At the same time, an organized, accountable structure has been set in place for real estate consultants and buyers. At the forefront of this is Edelweiss Home Search, an initiative by the reputed finance and banking MNC giant, making the real estate buying and selling procedure simpler for customers and brokers, while making it accountable through a dedicated RERA number, removing all chances of exploitation and misguidance that can discourage and dissuade the home buyer. So, let us now look at the advantages the RERA act holds for customers:

Real Estate Regulations Act

1) Standardized carpet area: Earlier the carpet area was defined on the builder’s whims and had their own method of calculation, which left the customer to the builder’s mercy. But now, thanks to the RERA Act, this is standardized for all developers and builders, and the carpet area cannot be inflated and manipulated by builders any longer.

2) Equal rates of interest on defaulting: The RERA Act has made interest on defaulting in payment equal for both buyer and builder now, be it delay in completion of the project or delay in payment of instalment by the buyer.

3) Reduces risk of builder bankruptcy: This clause of the act protects the builder from insolvency/bankruptcy, as a developer usually has several projects being constructed simultaneously, and they used funds from one project for the construction of another. However, this is no longer possible, as the builder is required to deposit 70% of the money raised from a project into a separate bank account, which can be withdrawn only for the completion of the project, and which requires certification by a civil engineer, architect and chartered accountant. This will prevent builders who misuse the funds for another project from becoming bankrupt, and will ensure timely and assured completion of the project.

4) Prevention of false promises:  If a buyer finds any discrepancy between the commitments made by the builder and the actual project, he can withdraw from the project and is entitled to a full refund of the amount paid as advance, or with interest and claim compensation.

5) Limited Advance Payment: Not more than 10% of the cost of the bought project etc., can be taken as advance or application fees by the builder, before entering into an agreement of sale.

6) Claim of defect post possession: If the buyer discovers any structural defect or defect in workmanship quality, within 5 years of possessing the apartment, said defect has to be rectified by the builder within 30 days at no cost to the buyer. If the builder fails to keep up this commitment, the buyer is entitled to claim full compensation for it.

7) Rights of the buyer in case of delay:  If the builder fails to complete the project on the due date, he can either withdraw from the project and be entitled to full refund, or can continue with the project and receive compensation with interest payable from the due date of completion.

8) Compensation in case of defect in title: If the buyer finds any defect in the title of the property, then compensation can be claimed from the builder, and there is no time limit set on this clause.

9) Right to information: The buyer at any time has the right to know any information related to the project, be it the plan layout, execution plan, completion status etc.

10) Grievance Redressal Committee: In case of any grievance against the builder, it can be taken to the state authority set up under RERA, which has the power to address any grievance. If you are not in acceptance of the redressal, you can file an appeal with the Appellate Tribunal, who will hear your case in 60 days, and in case of failure, it shall record the reasons of failure. The builder will have to deposit minimum 30% of the penalty, if they want to appeal to the Appellate Tribunal against the committee, or total amount to be paid as compensation to the home buyer with interest.

These factors have given more rights to the home buyer, and helped them ease the home buying process, which is being implemented by real estate consultants like Edelweiss Home Search, which have also helped the builder against bankruptcy and spurious brokers.

Finally, A House You Can Call Home

With its great connectivity and a picture-perfect location, Talegaon has become a preferred location for real estate developers. It is situated on the outskirts of Pune and is emerging to be one of the best options for affordable housing. Talegaon has an incredibly easy access to Hinjewadi which is Pune’s major IT hub. It is also home to some of the finest schools and colleges which make the area family centric. Xrbia has come up with a promising property in Talegaon.

Xrbia Talegaon is set on the pristine banks of Pavana, giving the residents a chance to live close to nature. The houses are carefully designed by the very famous Architect Hafeez Contractor. The property is spread across a huge 7 acres of land and a big part of it is dedicated to open spaces covered with greenery. There are a whopping 728 number of houses which will guarantee a homely community. The flats range from Rs. 19-34 Lacs and are expected to get fully built this September, 2017. The Xrbia property in Talegaon has many distinguished features:

      Connectivity: It is less than fifteen minutes from, Hinjewadi, Talegaon and Chakan, the fastest growing corridors of Pune. Not only this, Xrbia is also soon to be a part of the proposed Pune Ring Road which would make no part of the city out of reach. In the coming months, there will be other infrastructures like cinemas, malls and hospitals building soon.

Amenities: Xrbia Talegaon is equipped with security that is alert 24*7 and ambulances are available on call. Residents also get to experience a seamless internet speed with broadband and are also provided with DTH cable facility. The place is well lit with bright street lights and if at all the power goes out at times, there is an efficient power backup for all the common areas and lifts.

Recreation: With the wide array of recreational activities present in the property, it makes Xrbia a great destination for residents to unwind and relax. There’s a gymnasium to keep them fit, cafeteria and restaurants to catch up with neighbours at, a dedicated kids play area for them to play freely, a nice swimming pool to splash around, a meditation area for achieving your peace of mind and many more such facilities.

      All these tremendous amenities make luxurious living possible for people with modest budgets. It’s an assurance that this property in  Talegaon will live upto every person’s expectation of decent living. The property also won the ‘Best Affordable Project Of The Year 2015’ by the Realty Plus Excellence Awards.With great accolades like this, you don’t need more motivation invest in Xrbia Talegaon.

An Oasis to Mumbai’s Starving Real Estate Scenario

With Mumbai’s real estate market getting steadily saturated, along with skyrocketing rates, the city is in desperate need of a deal breaker. Thankfully, Xrbia Group in association with Crystal Group, two of Mumbai’s prime real estate companies bring you Chembur Central. Affordable homes with a great location and superior amenities & facilities. Located in Ghatkopar East, this sustainable, integrated township is spread across 5 acres and offers 1 & 2 BHK homes in 13 towers. It is designed by the legendary Hafeez Contractor. Let us see the unique features which make investing in property in Chembur Central a great decision:

1) Perfect Location: Chembur Central is placed in a strategic location, that makes traveling to any part of Mumbai a breeze. It is right next to Eastern Freeway as well as Eastern Express Highway, which makes traveling to CST, Thane and Navi Mumbai, just a half an hour affair.You can reach Santacruz in 30 minutes, thanks to the Santacruz Chembur Link Road.Even Bandra Kurla Complex is 15 minutes away.  The upcoming Metro Line 4, going from Wadala to Kasarvadavali is also close to Chembur Central. Even the Domestic and International Airports are just 20 minutes away. For traveling in train, Kurla, Chembur and Ghatkopar stations are in close proximity. The metro station is 15 minutes away, while the Chembur monorail station is just 10 minutes away.

2) Important needs closeby: Some of the most crucial factors one looks for while purchasing a new home are education, healthcare and recreation. Chembur Central has all of these important facilities at hand. For education, the reputed RBK International and Garodia International schools are nearby. For healthcare, the Ashirwad Heart Hospital and Lotus ENT Hospital are close to Chembur Central. For shopping, you can to Mumbai’s largest mall, Phoenix Marketcity in Kurla or R City Mall in Ghatkopar. For those looking for a sports club you have Acres Club & Chembur Gymkhana, Bombay Presidency Golf Club and Jolly Gymkhana.

These features make purchasing a property in Chembur Central, ideal for those looking for affordable housing with zero compromise on quality and location.

Changing the Face of Mumbai

Mumbai is often compared to New York for its similarity to its cosmopolitan culture and welcoming attitude towards people of all walks of life, community and faith.  Today, Mumbai is also starting to come on a level equal to other countries in terms of infrastructure, as well as the residential and commercial complexes. The credit goes to the government, as well as the builders and developers in Mumbai. Let us learn about some of the prominent ones:

Oberoi Realty: Present for over three decades, they have developed over 39 projects at strategic locations, with a staggering aggregate coverage of 9.18 million sq. ft of spaces.  They have another 21.55 million sq. ft in the making.

Kalpataru Group: Established in 1969 by Mr. Mofatraj. P. Munot, the company is focused on the development of premium residential, commercial, retail, integrated townships, lifestyle gated communities and redevelopment projects primarily in the Mumbai Metropolitan Region (MMR) & Pune. The company is also undertaking projects in other key cities such as Jaipur, Surat, Hyderabad and Chennai. They have developed more than 80 projects till date.

JP Infra: The company was established in 2006, and is quickly building its footprint all over Mumbai, and are now diversifying into other cities in India. Their largest project is in Mira Road, with a massive 3 million sq. feet, and they are now developing 8.5 million sq. feet with another 15 million sq. feet in the pipeline.

IndiaBullsReal Estate: Part of the larger Indiabulls Group, their real estate wing was formed in 2005 with a  focus on construction and development of residential, commercial and SEZ projects across major Indian metros. They have developed over 3 million sq.ft of property in Mumbai itself, apart from projects in Madurai, Ahmedabad and Thane. They have 14 on-going projects with total saleable area of 35.5 million sq. ft. under its wing.  

Lodha Group: They are one of the biggest players in the real estate industry and begun their journey in 1980. They are currently developing an estimated 43 million sq. ft., and have 28 ongoing projects across London, Mumbai, Pune and Hyderabad, as well as making forays into Bangalore. They have to their credit World One, the world’s tallest residential tower and Palava City, the country’s first Greenfield smart city.

Thus, it is clear that the city has a bright future in the hands of the builders and developers in Mumbai. 

Smart houses are on trend, but did you know they can also save you money?

When looking for ways to save money, you might not think to look into smart housing technology. In the past, the term “smart home” conjured up images of expensive home improvements and high-tech gadgets. However, these systems are becoming increasingly affordable and are likely to save you money in the long-run.

Smart housing technology can be used to provide accurate, real-time information about utility usage, enabling consumers to keep on track of their payments on a daily basis and adjust their consumption accordingly. One budget-hotel chain, Chototel, is using this technology to enable guests to pay only for the utilities they consume during their stay, as opposed to charging everyone a standard rate. Each room at Chototel is fitted with microbots, which transmits data about utility usage real-time to an app. 

Using this smart housing solution, guests can monitor their utility usage real-time and make payments on a consumption basis via their smart phones. How does this technology affect the price of a night’s stay? At Chototel, daily rates start at just $2, with guests paying their utilities on a pay-per-use basis. So, if you are efficient with your energy, hotel accommodation has just became a lot more affordable.