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Hidden Jewels of Real Estate

Hidden Jewels of Real Estate

Your Property our Priority!!

Real Estate is considered and believed to be the best investment option. Unlike, stocks and shares, this involves less risk. Besides, investing in real estate is long term. As compared to other modes of investment, this needs lesser attention and skills. All you would need is basic knowledge of real estate and study of the property that you would be investing in

However, as easy as it seems, the study and research should be good enough for you to justify your decision. If you want to add value to your money, It needs a lot of planning. A lot of factors come into consideration. Again, this differs if you’re looking for investing in real estate or self-use. If you’re looking for a Ready to Move or an Under Construction property. Every alteration in the choice will have modifications in the planning. It’s an easy-tough decision to make. And however easy or tough that this process is, most importantly, it’s a Big Decision of Life. So it’s good to choose the right and make sure it doesn’t burn a hole in pockets.

Real Estate is a huge industry and has a lot of competition. A lot of top well-known developers and end number of others. In the quest of finding the best, we explore a lot of properties through some advertisements, campaigns, etc. We look through a lot to make sure our decision of investment in any real estate property doesn’t go wrong. But in the entire journey, we miss out some really beautiful projects by not so known developers, which are not much into marketing and of less hype. There are a number of such projects that are not known to many but are in true sense ‘ Value to Money’ projects.

We, at PropertiesMela, understand you and so we are more than happy to take a step ahead and introduce such projects which may not be a big name but definitely a big value to your money. Each day we will bring to you information that will guide you through.

Every week, we will come up with a project that is not only a perfect option for investing in real estate but also budget friendly and with modern planning.


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Why Palava City?

Palava prime square

Palava planned and designed integrated city by the smart minds. Developed by the Lodha Group and managed by Palava City Management Association is named to be the smartest city in India.

Palava has been home to over 20,000 happy families. This city offers a range of international standard facilities including world-class educational institutions, high-quality sports facilities, Xperia mall within the project, 5-tier security, grand clubhouses, community spaces and more.  Palava brings you the fulfilling urban life in a progressive ecosystem.

Palava is located at the junction of Dombivali, Navi Mumbai and Kalyan. It is conveniently close to the major Hub locations. It is envisioned to become the largest ever privately planned development in urban India. A smart city with highest liveability quotient.

Happily delivered the homes to the families in lively Phase 1, Palava now is developing Phase 2 of this city. This phase is marked with a 100 acres of Forest Greens & 100 acres of Commercial district. This is not all, there is 2.5 Km of dedicated lane designed for the high street premium Retail outlets. Along, with this there is 16 acres of land parcel allotted for Olympic standard sports complex.

A centre to a lively lifestyle, entertainment, health centres, educational institutes, sports and everything you would need for a proper contemporary lifestyle. Palava is preparing to be listed in the top 50 most liveable cities.

Come be a part of the smartest city and elevate your lifestyle upgrading it with the best.

Pre Launches and Exclusive offers available.

For more details contact us, we will be glad to help.

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Regal London Living – Lodha Sterling Thane

Lodha Sterling


Dreaming of the Finest Lifestyle? Tired of the City Chaos and Still don’t want to move out of City?

Come, experience London Living in Lodha Sterling Thane.

Lodha Sterling offers 6 low-rises, low-density mansion blocks set around private garden squares. Designed with London Theme, this project aims to be the home to the finest families of Thane and around. Spacious homes, Grand open greens elegant stone and metal facades, floor-to-ceiling windows, exceptional ceiling heights and finishes, Lodha Sterling is everything that you wouldn’t expect a Thane development to be.

The CROWN, which is the highlight of this project, is an internationally-acclaimed 30,000+ sq. ft. club has been featured in the Top 20 upcoming leisure + retail spaces 2018, in the Architectural Review MIPIM London – the only residential clubhouse in the world to be featured in this prestigious list.

Situated in Prime Central Thane, nestled in the greens, Lodha Sterling seems to a secluded calm spot far from the city yet close to it. Lodha Sterling offers great air quality being amidst the verdant greens of nature.

Looking at the connectivity, it is very feasible to both Central and Western Suburbs and to major Business Hubs. Being near to the A Grade offices, your work and entertainment is just a few moments away.  The location also offers convenient access to major hotspots of Thane like Viviana mall, Jupiter hospital, top-notch international schools etc.

Have a Look at Lodha Sterling Property 

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Just when the Real Estate market in Mumbai decided to show some positive trend, the government have proposed to levy surcharge on stamp duty by 1% on property deals, making buying houses even more costly.

The Government has proposed to increase stamp duty to 6% from existing 5%. The State Government published draft of the Second Amendment of Mumbai Municipal Corporation, Act, 2018 by insertion of Section 144 F where it plans to levy additional stamp duty on transfers of certain immovable properties. This will increase the cost of the transactions of realty deals and is expected to further have an effect on the already difficult market in the short-term. This additional surcharge is likely to disappoint overall sentiment and will impact the market. We might see delayed decisions from potential buyers, especially for those seeking property in the affordable market, as their budgets are likely to suffer a blow due to this hike.

The real estate sector in the past few years continues to be plagued by slowdown due to decrease in sales and new launches. However, things are gradually improving this year as builders are now decreasing rates and also giving lucrative schemes to woo homebuyers. Banks have also eased norms and brought down interest rates on home loans.

According to the Urban Development Department, the amount collected will be used to fund infrastructure projects in the city such as the metro rail, monorail and bus rapid transport system, including freeways and sea-link.

This proposed surcharge will bring a drastic change and it isn’t so beneficial to Developers that are attracting sales by waving off stamp duty charges as either they will have to absorb the higher stamp duty cost or add up to the buyer’s total cost resulting in delayed decisions from potential buyers.

How this will impact the buying decisions, Time will tell.

Will keep you updated with new developments.

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How to Buy a House? 10 points you should look forward to while buying a dream home

Land Buying tips
How to Buy a House! is a Dream which is more of a responsibility in today’s competitive market It involves a lot of planning, a lot of studies includes a lot of factors that influence the buying decision of a buyer. Today, in this article, we will touch base a few points that will Guide you to  How to Buy a House?  every buyer should consider while buying a property either for self-use or investment.
  1. Floor Rise: Most of the Builders in Mumbai ask for an additional premium for units with better views or upper floors. This premium rate is normally 20/- to 50/- per sqft per floor. Even after you pay the premium charges it is not shown in any of the documents. Your house would still be registered at a rate per square feet they have quoted for you. See if your builder can remove it off or reduce it; most do. Remember Customer is the King and if you bargain hard with an intention of buying the unit most of the developers would waive it off.


  1. Construction Quality – The construction quality of any project is always a major concern while opting for a property. A bad construction may result in a number of problems later. So it is very important to make sure the construction is dependable. Nowadays most of A Grade developers use ‘Mivan’ technology, which is an innovative form of work suitable for constructing houses in large volumes at a higher speed. It’s a Malaysian technology that gives a smooth finish and is also comparatively safer in times of earthquake. Mivan also reduces the problems like leakage, cracks etc.


  1. Amenities – A stand-alone tower is no more a choice to many. In the growing modernization, amenities play a vital role in the choice of home. However, even if it seems all lavish and flashy, the most important thing to consider is the ratio of people or population residing in the project with the number of amenities available The Amenities provided might seem large when you see of it on an individual accounts but, if you consider the number of people/ families that will reside in the project, these amenities actually happen to be smaller or of regular size.


  1. Location – When the Question pops up in your mind How to Buy a House? the first thing is Location, isn’t it? Location of a project is that one primary factor that influences every other factor. It defines connectivity, future development, management, appreciation, pricing, etc. Whenever we look for a home, we do check the means of transport in the vicinity. The feasibility of the location is very important, especially for a residential project and more importantly when it’s your first home.


  1. Social Infrastructure/ Future Development – Social surrounding is very important to a residential project. Educational institutes, Malls, Entertainment centres, Shopping centres, etc should be in the close vicinity. At times when you invest into An under construction project, you may not find the location very developed, but in the coming years have a large scope of developments. If we hold an example of Ghodbunder Road, Hiranandani Thane, Hiranandani Powai, initially these projects weren’t that of a wow factor as the location back then weren’t so developed but today these are some of the landmark locations in Mumbai and Thane.


  1. Management – Another important thing to take care of is to see under what management does the project fall in and of how the management body works to ensure emergency help and basic needs like water supply, and electricity is taken care of well. Also, to see for how long would the developer be maintaining the project.


  1. Land History – The land on which the project is planned is the one thing you’ve to check through for the history. If the land is freehold or leasehold. In leasehold, the land belongs to the state and is leased to the owner for a certain period. At the end of the lease period, owners must pay to extend the lease. Most Banks will not finance a property if the lease period is less than 30 years. In freehold land, the land belongs to the owner itself. Banks finance freehold property easily.

RERA Verification: Verify all the records (through online government portals).After RERA coming in it has become easy for a buyer to verify all the documents pertaining to the land and the project on the portal itself of the developer.


  1. Subvention Scheme – There are three parties-the buyers, the banker and the developer. The buyer can book the property by paying 5-20% money upfront. The rest is paid by the bank in the form of a loan to the buyer. The bank disburses the loan to the developer as construction progresses. All this is routine. The most important aspect is that the developer bears the interest cost till possession or for a fixed period mentioned in the buyer-seller agreement but there is catch to it As Lucrative as the subvention scheme looks, it is a high risk to take. When you opt for a subvention scheme, you give the key of your CIBIL score in the developer’s hand. The builder is responsible for paying EMIs on your behalf in this scheme. If That has defaulted for any reason, it effects your CIBIL SCORE.You may also face project delays. On most of the consumer complaint forum, you will find a large number of people complaining about project delays under such schemes. Also, the cost of the property increases vis a vis if you buy without subvention scheme in short the interest paid by the developer to the bank is taken by you indirectly in the form of inflated price for the unit.But should you still want to go ahead with a subvention scheme then check for the following points .
    1. Check the financial strength of the developer. Also, try to find out about its past record of delivering projects on time.
    2. One should check the promised possession date in the documents and the penalty to be paid by the developer if the project is delayed.
  • Read the fine print. Go through all terms and conditions of the agreement before signing it many a time the catch lies in the fine print of the details. Many buyers sign up without reading complete details and then cry of foul play. There is a lot to see through in this, so it very important to be safe than sorry .


  1. Pre-EMI is the payment of interest applicable on the loan only. This amount is paid in the period during which the house/ building is being constructed.With the payment of each monthly instalment using the Full-EMI option, the principal amount and tenure get reduced. On the other hand, the EMIs paid using the Pre-EMI option do not have any impact on the principal amount, loan repayment tenure, or rate of interest.
    1. It is a strategy to give a number of options to the buyer to confuse them. “Confuse to Convince” is the best strategy in marketing. Talking of Pre EMI, when a buyer is given this option, it looks very lucrative in terms of finance management as in the beginning the buyer only pays the interest amount till the date of possession and has to pay the actual EMI after the possession. For example, if the developer gives the possession after 3years and the loan period is of 20 years, you actually make payouts for 23 years, where in fact you end up paying more of the principal amount.


  1. Budget – Last but not the least, Budget. Every individual holds a specific budget when he looks for a home. We wish to find the best project, with better amenities and a social surrounding within our budget. However, you should also be calculative enough of your requirement. Preferences while holding a budget and prepared to stretch to some extent to find the best.

Hope this point will Guide you to How to Buy a House? 

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