What are the best real estate investment options in Mumbai?

Investing in real estate is always considered as a risky decision. But, to turn this risky decision into a beneficial one, is in the hands of home buyers. Today, due to MahaRERA, new residential projects in Mumbai have become trustworthy. Hence, many people are looking forward to investing in Mumbai. To ease the process of home buying in Mumbai, we have churned out some great investment options for you.

Chembur
Since the past few years, Chembur has grown tremendously in terms of infrastructure development. With renowned educational institutes, healthcare centers and recreation hotspots, it has attracted a lot of new home buyers. Excellent transport facility such as Santacruz-Chembur Link Road (SCLR), the Eastern Freeway and the Monorail has enticed many reputed developers over the years.

Mulund
Most of the builders and developers who wish to develop new projects in Mumbai have Mulund on their target. Being one of the most cosmopolitan suburbs of Mumbai, Mulund offers its residents with all comforts and facilities. Right from hospitals to grocery stores, everything is easily accessible here.

Andheri
Andheri is one of the most developed suburbs of Mumbai. From connectivity to opportunities, this suburb has it all. Commercial as well as residential sector here see no boundaries in terms of development. Also, the social life here is quite happening because of different cafés, restaurants, shopping malls, entertainment zones, etc.

Ghatkopar
Another suburb of Mumbai that has caught the eyes of real estate developers is Ghatkopar. Famous for its food joints, this suburb has also expanded in connectivity and development. Also, it is one of the suburbs that has shown a consistent rise in property value over the last few years.

Real estate investments can yield you fruitful returns for a lifetime, if you invest in the right location. Invest in any of the aforementioned localities of Mumbai and welcome prosperity in your life.

Why background check of a real estate developer is necessary?

Owning a home in Mumbai is a dream for many people across the world. The reason is its upscaling infrastructure and happening lifestyle. Central places of Mumbai like Thane, Ghatkopar, Mulund, etc., have welcomed massive home buyers over a period of time. Reputed real estate developers are coming up with their new projects in Ghatkopar West, Thane, Mulund West and many more places that offer lucrative return on investment.

When it comes to home buying there are many aspects that needs to be considered but the most important of all is the developer. If you have chosen the right developer, your home buying process becomes smoother. To be carefree, it is essential to know the background of your real estate developer.

As a home buyer, it is your duty to know your real estate developer in and out. Consider things like how much time does he take to complete a project, does he submit the project within the timelines, how many projects has he delivered until now and how many years has he been in the real estate sector. The answer to all these questions will help you find an ideal real estate developer whom you can rely on for making your investment.

Consider investing in debt-free real estate companies. A debt-free company benefits you with higher solvency, higher profit margin and lower break-even point. You can also go for listed companies as they are the trusted ones in the sector of real estate. Today, with the implementation of Real Estate Regulatory Authority (RERA), all the developers stay committed to the deadlines of their project completion. The transaction transparency in terms of home buying process has raised to a great extent. So, it is also necessary to know if your real estate developer is RERA registered or not.

With a thorough background check, the chances of fraud and troubles in your home buying process lessens considerably and you will have tremendous peace of mind with your home buying decision. Hence, before buying a home make sure you have a clear picture of how your real estate developer is. If you are looking for projects in Ghatkopar East, MICL Group is one trustworthy real estate developer for your dream abode.

What Is The Future of Real Estate in Western Suburbs?

In the current times, there are so many upcoming residential properties in Mumbai , that deciding which one to purchase has become an onerous task. The western suburbs of the city have quite literally turned into a real estate bonanza.
However, the question arises as to whether the real estate market would continue to be on an upswing. For how long would the  pre launch projects in Mumbai  stay affordable? What will the future look like?
Here is what you must know before considering any form of investment in the  upcoming residential properties in Mumbai.

1. Transparent Laws
With the introduction of RERA, the real estate market in the western suburbs has become transparent, and flexible. This has induced confidence among the institutional investors, thus assuring a promising future.

2. Good Infrastructure
The western suburbs are receiving a massive infrastructural push. The government is working towards easing commutation between the western and eastern corridors. Public amenities are being provided. Projects are being nudged to finish within a short time, thus increasing demand.

3. Increased Connectivity
The biggest advantage of western suburbs is that they offer great connectivity. Be it the old projects in Andheri east or the  new projects in Ghatkopar West , they are directly linked to the main city by metro and expressway. This has facilitated a seamless movement of people and goods.

4. Affordable Prices
Despite the rising demand, the prices of properties in the western suburbs remain affordable. Most  pre launch projects in Mumbai  are offering attractive deals and modest EMIs. It is likely to stay this way in the future.
If you are looking for secure, affordable, and stable projects in the western suburbs, you need to look no further than the  MICL group . The gestation period of their projects is smaller, the response time is quicker and the possession is delivered in time.

The future of real estate in Mumbai’s western suburbs holds immense potential. From the way things are progressing, it is only a matter of time before the western suburbs turn into the biggest real estate focal point of the city.

Nine reasons to invest in Aaradhya Nine

Dreams do come true if you find the right direction to achieve them. One such precious dream in everyone’s life is to own a home. A home that keeps you and your family happy and safe. Are you looking for one such abode in Mumbai? MICL Group’s Aaradhya Nine, a residential project in Ghatkopar East  offers you an exclusive lifestyle. Along with that there are many other reasons that make Aaradhya Nine, a perfect real estate investment option.

Let’s have a look.

Reason #1 – Brand
Aaradhya Nine is a new project in Ghatkopar East by MICL Group, a brand that has delivered numerous superior-quality projects across Mumbai. Built by a renowned real estate developer, this project is a trusty-worthy one.

Reason #2 – Construction Quality
With their in-house construction and development expertise, MICL Group has always managed to impress their customers. So, when you invest in Aaradhya Nine, you won’t have to compromise on the quality of construction.

Reason #3 – Affordability
Offering you abundant level of comfort with plush amenities and a stylish living with its modern architecture, Aaradhya Nine is an affordable edifice.

Reason #4 – Location
You will never run out of options when in emergencies as homes at Aaradhya Nine are located at a prominent location i.e. Ghatkopar East. Hospitals, schools, banks, recreation hub spots and much more, everything is just a drive away from here.

Reason #5 – Amenities
Make every weekend blissful with exciting amenities at Aaradhya Nine. Right from jogging track to yoga pavilion, children’s play area to indoor games, reflexology zone to gymnasium, this edifice has every essential amenity.

Reason #6 – Well-planned apartments
Apartments at Aaradhya Nine follow a passage-free planning which ensures zero wastage, making every apartment, a spacious one.

Reason #7 – Connectivity
Connect with various major suburbs of Mumbai as you reside at the centrally-located Aaradhya Nine in Ghatkopar East. Close to Eastern Express Highway, LBS road, Eastern freeway, Sion Panvel highway, etc, residents of Aaradhya Nine can easily travel to different parts of the city.

Reason #8 – Architecture
Homes at Aaradhya Nine are designed with such a finesse that your guests would be stunned as they step into your luxurious abode. With this edifice, the architecture of  apartments in Ghatkopar  is upgrading to next level.

Reason #9 – Upgrade Your Standard of Living
Aaradhya Nine offers an exclusive lifestyle and wonderfully designed homes that give you a chance to upgrade to a superior lifestyle.
The afore-mentioned reasons ensure that Aaradhya Nine is a perfect expanse for a real estate investment. Accomplish your dream of owning a home with Aaradhya Nine.

Chembur East – A Growing Residential Hub

Mumbai is a melting pot of cultures and traditions. And there are many places within the city that are known for certain characteristic traits. Matunga is known for the number of educational institutions and for their udipi restaurants. Dadar is known for the famous flower market and the kabutar khana. Similarly, Chembur is known for its lush greenery and beautiful vintage bungalows. However, over the last few years Chembur has grown massively in terms of infrastructure and has now become a residential hub. The number of upcoming  residential projects in Chembur are testament to the fact that more and more people want to set up their homes in Chembur. What was once a slow part of the city has now changed pace and is seeing several high rises peeking over the tree cover of the area.

Real estate developers in Mumbai always had their eyes on Chembur and for a very simple reason too. Chembur lies right in the center of the city with easy access to Kurla, Navi Mumbai, Dadar and Ghatkopar. This makes it an ideal place to live considering travelling to other parts of the city is that much easier.
Chembur has quick access to the Eastern Express Highway and Sion Panvel Highway which are two of the most important roads of the city and see heavy traffic daily. Apart from that, Chembur station is a station on the Harbour Line and the Lokmanya Tilak Terminus is located nearby which can be used for long distance trains out of the city. The introduction of the Eastern Freeway has now connected Chembur to South Mumbai via the elevated corridor and the travel time is reduced to half.

The MICL Group is one of leading real estate developers with its base in Mumbai. With a legacy of more than 50 years, MICL Group has already delivered 50 million sq. ft. of construction in the city. Having delivered all their projects before time, they are also one of the most trusted real estate developers in Mumbai owing to the standard of quality they maintain.

Their recent project Aaradhya Swastik  by MAN INFRA CONSTRUCTION LTD (MICL) in Chembur East is worth looking at amongst all the  new projects in Chembur . A unique residential property, Aaradhya Swastik has 6 exclusive homes that designed for select elite families. The OC received project is one of the most prestigious properties by the MICL Group and boasts of top-of-the-line luxury amenities for their residents.

Their double height living, and dining room makes the house more roomy. Their high-speed elevators will take you up to your door, but their car lifts will also ensure your car is towed safely. Housing uber luxurious 4 bed residences and duplexes, Aaradhya Swastik is home to a select few. With no GST impact and best luxurious amenities available, these homes in Chembur East are the coveted address you are looking for in the city.

Live Your Luxurious Residential Life In Ghatkopar

Introduction to Ghatkopar
Ghatkopar is one of the most happening places located in the eastern suburbs on Mumbai. It wasn’t a part of Mumbai back in 1920’s, but fell under Mumbai Suburban when Mumbai limits were up to Sion only. Back then, Ghatkopar was a quaint village in the corner of the Western Ghats, giving it its name, Ghatkopar. Being a relatively newer locality, this part of Ghatkopar was mainly reclaimed from the salt pans and marshes which belonged to the Salt Commissioner in the early 1960s.
Today, Ghatkopar is one of the most sought-after places in Mumbai for residing, shopping, restaurants, malls and excellent connectivity.

Real estate development is at its peak in Ghatkopar
Ghatkopar is the centre point for working individuals as travelling to major business hubs from here is a breeze. Be it travelling to main town Mumbai, BKC, Andheri, Thane, or Navi Mumbai; metros, railways, highways add to conveniences which help save precious time. This makes Ghatkopar very liveable, hence, attracting people to make it their home. Many real estate developers have launched  residential projects in ghatkopar east, helping people to choose homes at this exciting place of conveniences.

Locational advantages of Ghatkopar
Ghatkopar East is bounded by the Eastern Express Highway in the east, Central Railway in the west, Ghatkopar-Andheri link road in the north and MG Road in the south. This region is largely occupied by mid segment residential colonies for whom travelling to work in any direction is the biggest USP.
Not just connectivity, but Ghatkopar boasts of numerous hangout places for youngsters and adults alike. It shelters two popular malls i.e. R-city and Phoenix Mall for shopping, number of jewellery shops, Kidzania for kids at R-city mall, Kala Ghoda Art Precinct, Red Carpet Wax Museum, Cinema halls and lots more. Ghatkopar is also home to a number of good educational institutes, hospitals and restaurants which make it a desired place in Mumbai to reside in.

Introduction to the MICL Group
MICL Group is a pioneering real estate developer in Mumbai with 50 years of skills in the field of construction. Known for excellence in construction and before-time delivery of projects, MICL group is the only known self-contained brand with in-house construction and development expertise, which has stood the test of time and gained the confidence of numerous customers.

Introduction to Aaradhya Nine
Yet another trustworthy project of MICL Group is  Aaradhya Nine in the heart of Ghatkopar East. Keeping in mind the needs of various types of families, the project offers 1, 2 & 3 BHK apartments in a sought-after locality of Ghatkopar.
Project features, Architecture & Design, amenities
Aaradhya Nine, a new construction in Ghatkopar East, is a well-thought project stacked with unique features such as earthquake resistant structure, Vastu-compliant apartments, ample stilts, basement CCTV surveillance and intercom structure, etc. Alongside are internal amenities such as international standard high-end electrical fitting and CP fittings (Chrome Plated), heavy section andonised sliding windows and more. Passage free planning, maximum usage of carpet area, minute details like switch, tiling flooring cross venti, daylight are taken care of for a comfortable life.

With most people switching to larger spaces, Aaradhya Nine is an ideal project to consider for those who wish for the best in life, be it space, opulence, connectivity and convenience in one of the prime locations in Mumbai

MICL Realtors and Developers Roars Towards Real Estate

Real estate Developers in Mumbai

It comes as no surprise when people decide to move to Mumbai. A possible shot at a better lifestyle and opportunities. One of the major factors one keeps in mind is an ideal place to live. And ideal place definitely has to have important things tick marked like, good location, connectivity, and the price. Mumbai needless to say, has many such ideal dwellings, right from small suburbs to the uptowns. Since Mumbai one of the Most sought-after cities, many realtors are up grab opportunities to invest in lands on which they can build their properties, be it residential or commercial. Mumbai one of the flourishing cities of India that has witnessed rapid growth. When it comes to housing, the progression is visibly clear with the modern amenities and architecture. There are many real estate developers in mumbai that have found a position at the top of list of good housings. One of those companies is MICL.

About MICL

Though it’s been only seven years since MICL has stepped into the field of development, they have 50 years of expertise and skills in the field of construction. This ambitious venture began with their parent company, Man Infraconstruction Ltd.
Man Infraconstruction Ltd. In was started by Mr. Parag Shah’s father Mr. Kishore Shah and his uncle Mr. Prabodh Shah in 1964. By honing their skills and knowledge under the parent company gave a boost of confidence to MICL to make their mark in construction. The two essentials goals that MICL has always strived to achieve is building their trust amongst customers and delivering quality.
Back in 1964, the Company’s turnover then was Rs. 30 lakhs and its team comprised of only 9 employees. The big breakthrough came in 1997, when, Man Infra won the contract to construct India’s first private port, JNPT in Navi Mumbai. The project was completed ahead of schedule. Since then, then company has successfully completed work on 5 private ports in India.
Pan India, Man infra completed construction of approximately 50 million sq.ft. of Residential Commercial & Industrial Building Construction. When the company took the decision to go public in 2010, the IPO was oversubscribed by 63 times.
As of now, Man Infra has employed more than 600 employees and has a Net worth of Rs. 634 crores.
MICL so far outdone itself in the field of construction. Currently, MICL is executing 6  Ongoing Residential projects in Mumbai.
MICL doesn’t only focus its construction expertise on buildings, but also has lent it towards building infrastructures like roads, bridges, etc.

To this date, MICL is the only brand to deliver projects before time, and needless to say, with the promised quality intact.

Manan Shah and Parag Shah, the two pillars of MICL

Parag Shah

Boasting 25 years of experience in the construction industry, he is a proud promoter of Man Infraconstruction Ltd. At a young age of 22, he became an official member of the company in the year 1991. He holds a degree in commerce. It was proud moment for him, when in 1997 under his leadership the company scored a contract for the construction of the first private port in India at Nhava Sheva, JNPT.

Manan Shah
He is a young member of MICL with a strong vision, and a goal to thrive. He has never failed to make the right call that he deems fit for the development of the company. After completing his Management Program from Kingston University London, Mr. Manan Shah, Mr. Parag shah’s son joined Man Infra in 2013 and currently heads the Real estate division.

He is involved in the formulation of strategy planning, marketing and overall execution of the Real estate Projects. He holds a strong belief in exceeding client’s expectations, and to do this he makes sure that every detail and quality of work is on the same level as international standards.
With solid commitment and passion, Mr. Manan Shah strives to bring originality in the field of architecture. With his polished skills, he has taken MICL to new levels of success.

Achievements of MICL
Ever since its inception, MICL has had many feathers added to its cap. MICL Group is renowned to have delivered all its projects before time. Four projects with OC has been delivered by MICL Group since 2015.

Philosophy of Man Infra

Quality: We provide best quality value and service to our customers. Superior craftsmanship, attention to detail, and seamless finishes is synonymous with ‘Aaradhya’. We follow best quality standards right from the quality of construction to the amenities we offer.

Commitment: We respect the aspirations of our customers. Hence, we deliver what we promise. Our unique approach to personalized service and client goal realization are what help separate us from our competition.

Trust & Transparency: All the clients are given true an thorough information about the progress of the project and related matters. We aim to maintain long-term relationship with our Customers.

Timely Delivery: We aim to deliver our projects on time. We are committed to our customers and adherence to delivery schedules is our Motto.

The Right Time To Buy A Dream Home At Sion

An Introduction to Realty Market and Developers
Mumbai’s home buyers can expect, over the next decade, a smaller number of high quality developers, a more gradual increase in property prices, and a more consistent quality in product and buying process.

Real Estate Development at Sion
There are many real estate developers in Mumbai also try heir level best to defeat each other in delivering quality homes.

Depending on the size of your family, you need to decide on what configuration should your home be. Aspect of that there are many new projects in Mumbai. 3 BHKs in Sion are on high demand because of the more amount of joint families in the area. Hence families usually prefer luxury apartments in Sion over the conventional constructions. After all, who wouldn’t wish to upgrade a lifestyle?

The Location Advantages
Sion is an upcoming locality in Mumbai. Buying  flats in Sion  can be a benefit especially if you are looking forward for gains vie investment. The Eastern Expressway Highway that passes alongside the locality lends excellent connectivity avenues to the inhabitants. The Sion Railway Station nearby links the place with all adjoining areas. The Chhatrapati Shivaji International Airport connects the zone with the rest of the country and beyond. High Street Phoenix, Belle Mall, Kohinoor City etc are some of the popular shopping hubs in and around the locality that allow the residents to spend their leisure hours. RBK International Academy, Ramnarain Ruia College are the popular educational institutions in Sion. Presence of all major basic establishments along with strong infrastructure has rightly qualified Sion as a Real Estate favorite.

MICL Group:
MICL Group is a one of the pioneering real estate developers with its base in Mumbai. Their legacy dates to 50 years+ in the field of construction that began with the parent company, Man Infraconstruction Ltd. A 7-year-old experience into the field of development, is a mark of excellence and experience.

Introduction to Aaradhya Signature
The project  Aaradhya Signature in Sion features a blend of modern amenities that are most sought after in the heart of Eastern Mumbai in Sion. You can now fulfil your desire of having a home in a prominent locality, with the finest craftsmanship in your homes, without compromising on your needs; all at a satisfactory price. Aaradhya Signature is laden with thoughtful amenities to live in style and comfort. The wide range of amenities make it a location to wish for. The Group started the construction in October 2015 & within 2 years, they achieved the milestone of 19-storey tower.
Aaradhya Signature is ready for fit outs and the OC is expected soon.

An Array of Luxurious Amenities
Aaradhya Signature features the finest craftsmanship in your homes, without compromising on your needs; all at a satisfactory price. The fully well-equipped gymnasium is sure to take your fitness levels to another height. CCTVs are places for utmost safety. The kids can also breathe fresh at the kid’s play area which is carefully created for kids to make memories while they play and grow.
The location is also a boon. Aaradhya Signature has 5 gardens nearby and is just 3 mins from the proposed BKC- Chunabhatti connector. The Lokmanya Tilak Hospital is also just 5 mins away from the project and also the Welingkar Institute of Management.

The committed date of possession by the MICL Group is December 2018 and the project construction are much ahead of time, ready to be delivered 10 months prior to Actual Date of possession. This is an achievement for MICL group and a mark of commitment and trust. They deliver what they say, in fact quite ahead of time. They plan well in a proper manner that makes things possible. After all, punctuality in business is the true mark of excellence.

Own your Dream Home This Gudi Padwa with Flexi Payment Scheme Offer for Limited Apartments by MICL G

Own your Dream Home This Gudi Padwa with Flexi Payment Scheme Offer for Limited Apartments by MICL Group
Traditions and culture matter a lot to Indian home buyers. Plenty of research in the market is always given to time, phase and delivery when it comes to us Indians. ‘Shubh Muhurat’ or auspicious time is very critical. Most of the buyers wait for months for the auspicious time to invest or take possession of their property. One such occasion is Gudi Padwa, which is celebrated on the first day of the Chaitra month. This day creates a lot of buzz in the real estate market as people wish to make their bookings on the auspicious day.

Find your dream home at Aaradhya Nine- the Residential Project in Ghatkopar East
Gudi Padwa is considered as an auspicious day to make investments, buy new things and take major decisions. Building a home is no ordinary task. To many, it may seem ordinarily just construction, we understand that, we are building a future for people who call it their home. Hence, Gudi Padwa is that auspicious time to launch these potential futures to the public. Since we have always put our customer’s needs ahead of our own, we plan to make it a literally a very happy Gudi Padwa for all our customers, by launching deals that you can profit from. We welcome a new member in the family of our pioneering projects, Aaradhya Nine. Aaradhya Nine at Ghatkopar Avenue in Ghatkopar East, is a unique way of living amid luxurious amenities and world class services. We have planned its launch on Gudi Padwa & the bookings also start along the launch.

It is time to upgrade your living
A development by MICL Group and Man Infraconstruction LTD., Aaradhya Nine offers elegant  1, 2 & 3 BHKs in Ghatkopar East. Every Home is bound to impress you with its sheer beauty. Well-designed layout with passage free planning ensures optimum space in each apartment. The apartments are available at Flexible Payment Plans only on select flats. We understand every need of the customer and that add up to ease your life. Care is taken to make your private space as luxurious as possible.

Aaradhya Nine comprises of 4 Wings connected by a single basement with designed towers of 15 floors. Bordered by a decorative compound wall, this earthquake resistant structure is designed to grab eye ball. Utmost importance has been given to the safety of the structure from the outside as well as inside. From state-of-the-art architectural planning to the tiniest of comfort, every small detail has been wisely thought out to give residents an absolute living experience. Each architectural mix and infrastructure is planned to meet the needs of current times.

Ample stilt, basement and covered car parking spaces which is a rarity in a suburb like Ghatkopar. Designer entrance lobby to welcome you with panache and decorative design elements on the exterior and interior of the structure to enhance the look, aesthetically chosen colours to soothe the eye. Well planned extra spacious homes with optimum usage of the available area to provide customers an absolute home, are some of the design features at Aaradhya Nine.

The Uniqueness of Rooftop Amenities
Aaradhya Nine brings the first of its kind club in the flats in Ghatkopar East. The ALTITUDE. It’s roof top amenities will boost your zest for life. Behold its avant-garde design which will fill you with awe and inspiration. Get the right attitude at this altitude. The club altitude caters to your mind, body and soul ensuring you will holistically add life to your years.

The club house, gymnasium, yoga centre, Kids’ play area, reflexology centre, all at the rooftop of our project are set to enliven your body & mind.

So, this Gudi Padwa, a home of plentiful benefits awaits you to be welcomed on the auspicious new year. Wait no more and book a home to make the wise decision that will be cherished for generations to come.

Home Financing Guide for NRI Buyers in India

When a non-resident Indian (NRI) opts to purchase a property in India, there are several regulations that govern how such a purchase can be financed. There are plenty of questions that revolve purchase, executing Power of Attorney (POA), home loan and tax matters related to an investment in property in India for non-resident Indians (NRI). Here are a few answers to guide an NRI homebuyer, to get a good deal in future.

Financing Sources
The money for purchasing a property in India, must come through banking channels only. Consequently, the payment cannot be tendered in the form of traveller’s cheque or foreign currency. An NRI can also use the money in his/her credit, in non-resident external (NRE) rupee or non-resident ordinary (NRO) or foreign currency non-resident (FCNR) account, maintained in India.

As NRI investment in Indian real estate or with real estate companies in Mumbai, is only allowed in residential or commercial properties, banks too, can finance only these properties. Almost all banks offer home loans to NRIs for buying a house or constructing one. One can also get a loan, for purchase of land (non-agricultural), for constructing a house in India.
The Foreign Exchange Management Act, 1999 (FEMA) is an Act of the Parliament of India “to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India.” You can make use of this act to avail certain benefits.
The application for the home loan can be made online, as well as offline. The nature of documents that need to be submitted, will depend on whether the NRI is a salaried employee or whether she /he is self-employed. It will also vary, depending on the NRI’s country of residence. Nevertheless, copies of one’s passport and visa, passport-sized photographs and proof of residence in the foreign county, will be required in all cases.

The Right Choice of Property
NRIs cannot buy an agricultural or farmland or plantation property. However, they can inherit them. What documents are required from them to make a property purchase in India? Does it require RBI permission?
Also, no permission from RBI is required. All they need to have is to hold a valid passport with PIO/OCI card (wherever applicable), address proof, PAN (permanent account number in India) and photograph to buy a residential or commercial property in India. Realtors in Mumbai like Man Infra help you become aware of all these minutes. Their new projects in Mumbai can also be a good option for investment, as while investing your money you would think of a trusted name to join hands with.

What is adjudication of POA?
The POA issued abroad will have to be sent to India and the POA-holder will have to sign and adjudicate it, within 3 months from the date of assigning the power, in India at the registrar’s office. Only after this the POA will be considered ‘given’.

The tax benefits in India on home loan
According to section 24 of the Income Tax Act, the interest on a home loan is deductible from the income gained from house property to the extent of Rs.2 Lakh per annum for self-occupied property. For other than self-occupied property, you can claim actual interest paid. Moreover, up to Rs.1.5 lakh of the principal repayment can be deducted under section 80C (subject to an overall limit of Rs.1.5 lakh of that section including other investment options which allow grant under the same section).