Every individual nurtures a dream of building his/her own home. This could, for all practical purposes, be termed the first such dream towards establishing the independence and security of an individual or a family and thus, carries an immense emotional connect.

However, buying a home goes beyond emotions and involves intensive research. It is all about making the right decision, sieving through a host of options. Though it may seem that all banks and housing finance companies are eager to lend, getting a home loan could be a daunting task.

It is important for all of us to remember that buying a home is an important personal finance decision for every individual. Hence, a systematic and planned approach towards identifying a home and arranging for necessary funds is required. It is important to be familiar with how the home loan process works and the documentation required to avoid any last minute glitches.

While we will discuss the documentation requirements for a home loan both during processing and after the loan has been disbursed, here are some quick ‘did-you-know’ facts about home loans:

1. Home loans can be availed by individuals (salaried and self-employed), co-operative societies and corporate bodies
2. The home loan seeker can only avail a loan amount that does not exceed 75-80 per cent of the Market Value of the property
3. There are two types of home loans based on the interest rates - fixed and floating. A fixed interest loan is where the interest rate doesn't change throughout the loan tenure (Please check the loan agreement on reset clause of fixed rate). Floating interest loan, on the other hand, varies according to market conditions
4. If an individual is married to the home loan seeker and is an earning member of the family, the individual can become a co-applicant. This will substantially improve the chances of getting a loan as well as increase the amount of the loan
5. The home loan company determines the actual loan amount after taking into account factors such as repayment capacity, age, educational qualifications, stability and continuity of income, number of dependents, assets, liabilities, saving habits etc
6. An important criteria for home loan eligibility depends on the credit worthiness of the individual. Credit Information Bureau (India) Limited (CIBIL) provides a credit score on a scale of 300-900, based on an individual’s previous credit card usage, maintenance of their bank accounts, check bounces (if any), existing loans, loan repayments and the number of times you have applied for a loan or a credit card. Individuals with a high CIBIL score are more likely to get a home loan
7. The tenure of home loan ranges from 1-20 years. In some cases, loans up to 30 years tenure can also be availed. The term does not extend beyond the retirement age or 60 years, whichever is earlier (65 years for self employed individuals).

Documentation is a crucial element of the loan process. Given below is a list of basic documents required to apply for a home loan. However, the documentation requirements may vary basis customer profile, location of home, loan requirement and several factors.

List of Documents required at the time of processing:

FOR SALARIED INDIVIDUALS

1. KYC Documents
2. Salary slip for the last 3 months/Salary Certificate (If variable components like Over Time and Incentives are reflected then salary slips for the past 6 months are required)
3. Latest Form–16, if salary is over Rs 20,000 per month
4. Copy of all bank pass books/bank statements for the latest 6 months
5. Employers profile if it is a lesser known organisation

FOR SELF-EMPLOYED BUSINESSMAN

1. KYC documents
2. Copy of last 3 years Income Tax Returns of the applicant along with computation of income, duly attested by a Chartered Accountant
3. Copy of last 3 Years Balance Sheet and Profit & Loss Account of the firm, duly attested by a Chartered Accountant
4. Brief Business Profile on the Letter Head of the firm by the applicant
5. Bank Statement for the last 1 year for Savings & Current A/c
6. Copy of either Shop & Establishment License/VAT Registration or any other mandatory license/registration
7. Copy of the Partnership Deed (if Applicable)
8. Copy of Tax Deduction certificate/Form–16A (if applicable)
9. Copy of Advance Tax paid/self assessment tax paid Challan

FOR SELF-EMPLOYED PROFESSIONALS

Apart from the above mentioned, for Self employed professionals the following documents are also required:

1. Copy of Educational Qualification Certificate
2. Copy of Professional Practice Certificate

FOR NRIs

1. KYC documents
2. Salary slips for the last 3 months/Salary certificate (If variable components like overtime & incentives are reflected then 6 month salary slips)
3. Passport copy with valid residence visa page
4. Work Permit/Labour contract copy/Photocopy of Identity card or any other proof of work/employment issued by concerned government authorities
5. Property related documents, detailed cost estimates from an Architect/Engineer (from India)
6. Processing fee cheque drawn on the applicant’s bank in India or draft payable at the place where the application will be processed
7. Copy of all overseas bank statements for the last 6 months, if any
8. Copy of NRE/NRO bank statement of the last 6 months
9. Power of Attorney (POA) if applicant is not available in India for signing documents

After home loan disbursement

• Storage of documents: It is advisable to store at least 2-3 copies of all property and loan related documents. Before handing over the original copies to the bank or a housing finance company, photocopies of all the documents should be in place.
• Intimation of change in contact details: You should inform your financier about the change in your employment, residence address, contact numbers, email ids, etc so that the company could update your contact details and keep you informed on all your loan related matters.
• EMI Payment on Due date: EMI needs to be paid on the due date to maintain good credit history. Any delay in repayment of loan EMI affects your credit history and gets recorded in the credit report which impacts your borrowing power adversely. Hence, due date of EMI should be remembered or noted to keep a check on any delay in repayment.
• Income Tax Certificate for tax benefit: All income tax certificates to avail deduction on home loan interest and principal should be filed on record in case required for income tax assessment.
• Loan under Pre EMI stage: If you buy an under-construction property, then till the completion you need to pay only interest on the actual disbursement. EMI would start after full disbursement of the sanctioned loan. You should ensure the bank is disbursing loan as per the construction progress of the project.

 

Contact Prestige Residency sales office to Know More @ 022 25985951 - 55 

  

To Know more about Prescon Realtors & Infrastructures Private Limited
Contact Us :
Address  :
201, Prestige Precinct, Near Nitin Casting, Almeida Road, Panchpakhadi, Thane (W), Mumbai – 400601.
Telephone : 91-22-25985951–55
Email : prescon@prescon.in

AUSPICIOUSNESS AWAITS

Are you a first-time home buyer? If yes, then this Akshaya Tritiya could be the perfect occasion to realise your home-buying aspirations

Recently, a home-buyer inquired about a very basic query to a con sultant: is the market conducive to buy an apartment on Akshaya Tritiya this year? The buyer, Dharmesh Verma, believes in the auspicious spirit of the festival but his question was more inclined towards the timing of the event, keeping in mind the price index, which has time and again been projected to `correct'. Most of the homebuyers, especially the firsttimers, get confused between the reports of a correction and ground realities.

“If you are an end-user, do not give any other thought and buy a property now. But if you are an investor, the answer depends on your investment horizon,“ was the consultant's suggestion.

“This is going to be my first property and hence, a lot of questions are plaguing my mind.But I have been advised by a number of experts that for an end-user looking for a house to stay in, this is indeed the best time to buy. The pricing index and its movement are factors that should bother the investors and not end-users. Over a long period of time, appreciation is quite obvious since the price point is very attractive at this point of time across the Mumbai Metropolitan Region (MMR),“ says Verma.

The slow moving market and the slower pace of appreciation across the MMR, might deter the spirit of the investors who have invested in multiple properties, but not the first-time home-buyers. As a matter of fact, for the end-users, it is an equal opportunity market, as many near-completion and ready-to-move-in properties are on offer. The price point today is very balanced and that may not be the case, post Akshaya Tritiya, keeping in mind the demand and supply equilibrium and the improving macroeconomic outlook.

Most of the analysts tracking the city's property market maintain that due to the way the economy is now consolidating and new launches, which are lesser as a result of policy ambiguities along with a hike in the Ready Reckoner rates, a price appreciation, post Akshaya Tritiya, is surely on the cards. The developers, on their part, have ignored the market signals and kept the price hike on hold since they have weathered a long spell of a slowdown.

Manju Yagnik, vice-chairperson of Nahar Group points out that the rates for the real estate sector has been quite stable for the last 18 months and this will remain unchanged during Akshaya Tritiya as well. Of course, in most of the cases, the revision has happened, post Gudi Padwa.However, developers usually come up with schemes and short-term incentives, which are time-bound to facilitate the buyers during this period.

“It is a strong belief that a high-value purchase on Akshaya Tritiya brings good luck. The market is witness to a lot of im portant transactions, purchases and launches. The purchase of a home, which is a once-in-a-lifetime investment in most of the cases, is preferred to be bought during Akshaya Tritiya. Developers also prefer to launch new projects on Akshaya Tritiya, as it brings in good luck. Considering all these factors, a buyer gets several options to pick from along with the added advantage of leveraging the launch rates, which are slightly lower than the usual ones. People looking at moving into ready-to-move-in apartments, can capitalise upon the ready facilities without waiting and move into their house on this auspicious day,“ says Yagnik.

Dibyendu Banerjea, director of Nouam, feels that home-buying is a very important decision as it involves an emotional as well as a rational bent. Festivals are considered to be prosperous and promising times for investments, especially Akshaya Tritiya. “The Indian property market, in the recent times, has witnessed an upward trend in terms of enquires and sales. Since Akshaya Tritiya is considered as an auspicious occasion for wealth-creation and good fortune, developers at this time, seek to capitalise on these festive sentiments via increased marketing efforts. In that respect, festivals like Akshaya Tritiya can act as a powerful market force,“ says Banerjea.

Historically, festivals such as Navratra, Diwali, Gudi Padwa and Akshaya Tritiya have been powerful magnets to bring the home-buyers into the market.However, this time, Akshay Tritiya makes even more sense because it is not only the festive spirit, but also the market momentum that is poised to be in favour of the home-buyers. It is not something that Mumbai's property market is always witness to, as the demand and supply dynamics more often than not, keep the market momentum tilted towards the sellers.

There is one more reason that promises to make this Akshaya Tritiya count in Mumbai's market. This year, the appraisals have been quite favourable in Mumbai Inc and most of the industries have been witness to a salary hike in double digits. So, the newly-found salary growth along with the luxury of choices in the property market, make it an ideal time for the prospective home-buyers to book an apartment now. Collectively, it looks like Akshaya Tritiya this year, might change the spell of the slowdown in Mumbai's property market.


Contact PRESTIGE RESIDENCY sales office to Know More @ 022 25985951 - 55

To Know more about Prescon Realtors & Infrastructures Private Limited
Contact Us :
Address  :
201, Prestige Precinct, Near Nitin Casting, Almeida Road, Panchpakhadi, Thane (W), Mumbai – 400601.
Telephone : 91-22-25985951–55
Email : prescon@prescon.in

Bring peace and harmony into your home with musical instruments

There are many ideas that you can use to make your home look and feel musical with musical instruments. You can bring in a feeling of peace and harmony into your home through musical instruments and the decor aspect they exude.

Even if you have instruments that are in a state of disrepair, display them. For example, brass horns can be turned into planters on the front door. Instruments can be turned into lamps, shelves, planters, tables, even garden art. Old sheet music can be framed and displayed, or covered to use as a lamp shade or on an old trunk. A guitar can be transformed into a unique night light, by removing the strings and inserting a light fixture into the hollow space. Sheet music can be glued inside for the finishing touch. An old organ keyboard can make a good piece of wall art and a smart shelf.

Global Collectibles

Musical instruments from all over the world are quite fascinating and can be used to up your decor quotient. When globe-trotting, keep an eye open for unusual instruments. African drums for instance, or Chinese bamboo flutes and gongs, cymbals, clappers and bells. Russia has a rich folk music culture. If you are lucky, you could get hold of the Balalaika-the most well-known Russian stringed instrument, resembling the guitar but with a triangular body. The domra is another Russian string instrument with three or four strings which is used to play the melody in Russian balalaika ensembles. While in Greece instruments like the laouto, tamboura, bouzouki and baglama are Popular.

Accessorise

Enhance your decor with drum tables. Made of beautiful rosewood with playing surfaces, these tables are functional and entertaining. Several drum table styles are available. Percussion instruments such as bells, cymbals, the gong, castanets, maracas, and rain stick as well as belly dance accessories make for excellent accessories in decor. You could hang graduated brass camel bells from the door.

 Contact Prestige Residency sales office to Know More @ 022 25985951 - 55 

 To Know more about Prescon Realtors & Infrastructures Private Limited
Contact Us :
Address  :
201, Prestige Precinct, Near Nitin Casting, Almeida Road, Panchpakhadi, Thane (W), Mumbai – 400601.
Telephone : 91-22-25985951–55
Email : prescon@prescon.in

TAX PLAN - HAVE YOU CLAIMED THESE IT DEDUCTIONS?

Here are some deductions a home owner is eligible for. You need to ensure you have taken them into account while filing your returns. The time to file your income tax returns is approaching fast. Individuals need to file the income tax returns. While finalising your tax returns, you need to ensure you claim the deductions and incentives available against any income from a residential property.

Nowadays, no document needs to be attached with the IT returns. As such, the necessary documents and proofs should be kept ready, in case there is any query regarding them. It helps to prepare the IT returns carefully as you will not miss claiming any of the deductions you are eligible for.

Designate property as self-occupied

The income earned from a house is taxable. To come into the tax bracket, you must be the owner of the property (comprising of a building). Also, it must be capable of being rented out and yielding a rental income.If you have only one residential property, that property will be treated as a self occupied property. There will be no taxable income from this property, provided you have not let-out the property for any period of time during the year. In case you own more than one property, this exemption applies to only one self-occupied house. You have the discretion of choosing that property. Deemed income from all other properties will be taxable, even if they are self-occupied and no rental income is actually derived from them. You can choose any one property to be designated as self-occupied. The remaining properties although not actually let-out will be deemed to be let-out and their notional rental value will be treated as taxable income.

Deductions against annual value

In case of a house, it is the annual value that is taxable. Annual value means the capacity of the property to earn an income. It is the highest of the municipal value, fair rental value of a similar property, and the actual rent received. From the gross annual value, you can claim a deduction against the municipal tax paid. Against repairs and collection charges, 30 percent of the net adjusted annual rental value, irrespective of actual expenditure, can be claimed. So, no bills are required for this deduction.

Deductions against home loan

Against interest on borrowings, the interest paid or payable on money borrowed for the purchase, construction or repair of a house is deductible. In case you have taken a home loan, you can claim a tax benefit on the principal repayment under Section 80C as well as a tax benefit on the interest paid under Section 24. The tax benefits on a home loan can be claimed once the house is ready. The principal repaid can be claimed up to a maximum of Rs 1.50 lakhs under Section 80C. The interest paid can be claimed as a deduction under Section 24.You can claim up to Rs 2 lakhs or the actual interest paid, whichever is lower. In addition, you can claim a deduction against interest paid on a home loan taken for reconstruction or repair of a house of up to Rs 30,000, subject to the overall limit of Rs 2 lakhs. You need to get an interest and principal repayment certificate from the bank in respect of the home loan repayments to claim the exemptions.

Benefits for co-borrowers

In case you buy a house jointly with your spouse and take a joint home loan, both can claim income tax deductions. Both spouses should have separate sources of income. Both can claim separate deductions in their income tax returns. The repayment of the principal amount of the loan can be claimed as a deduction under Section 80C up to a maximum amount of Rs 1.50 lakhs individually by each co-owner.

In case a house is owned by more than one person and is also self-occupied by all co-owners, each co-owner will be entitled to the deduction individually on account of interest on the borrowed money up to a limit of Rs 2 lakhs. In case the house is let-out on rent, there is no restriction on this amount. In case of co-owners, all are entitled to tax benefits provided they are also co-borrowers of the home loan. The limit applies to each co-owner.

Deduction in case of second house

If you buy a second house with another home loan and let it out on rent, the entire interest paid on this home loan during a given year can be claimed as a deduction. If you have more than one house, any one of them can be deemed to be rented out. So, the interest on the home loan for that house can be claimed entirely as a deduction, provided the rental income or deemed income is taxable.

Contact PRESTIGE RESIDENCY sales office to Know More @ 022 25985951 - 55

The ‘personal discussion’ checklist for home loan

There is a certain anxiety one experiences before one meets the lender granting the home loan. The meeting popularly referred to as a ‘personal discussion’, can be hassle-free, if dealt with tact.

Getting a home loan entails putting many pieces of paper together for the lending company to help ascertain your demographic and financial situation. After this, the lender will seek to meet you prior to sanctioning the loan. This meeting is colloquially called the ‘personal discussion.’ The personal discussion is of crucial importance. Decisions regarding the sanction as well as the loan amounts are made based on this meeting.
Given the importance of the personal discussion, it is worth understanding the objectives of the meeting so that you are well-prepared.

To accurately assess income: While your income statements for the previous year(s) reveal the income, the lender would like to know if there are any other streams of income that you have that can be used to service the loan. These could include deposits or other instruments maturing, a property that you may be selling in the near future or any other income that is not reflected in your financial statements.

To estimate your worth: The lender will ask you questions regarding your assets and your plans with regards to each one of them. This is to estimate whether you have the ability to repay the loan even if there is some stress with regards to your regular income.

To understand your business: Self-employed customers have incomes that fluctuate. The lender will like to understand your business, its seasonality and your ability to manage any resultant stress. Based on this, he will form a view regarding your ability to consistently repay your monthly installments.

To ascertain your expenses: Each one of us has different lifestyles and different levels of expenses. The lender will understand this and determine the installment that you would be comfortable repaying.

Loans or other obligations: Any loans that you are currently repaying need to be taken cognizance of, so that your consolidated debt burden is reasonable.

Future prospects: Finally, the lender will understand the future prospects of your business or employment situation. This will determine not only the appropriate loan amount but also whether the option of monthly installment can increase in the future.

While there is no need to ‘prepare’ for the personal discussion, it is worth bearing a few points in mind:

Be honest: Like elsewhere in life, it pays to be honest during the personal discussion. Lenders have access to your financial statements and a lot of information is accessible on the internet. Further, it is a common practice to do reference checks with the industry or trade. So any lies or inconsistencies are easily found out and could adversely impact the decision to sanction the loan.

Do not conceal any information: This is an extension of the previous point regarding honesty. Your indebtedness, reputation in the market and virtually every other facet of life are verifiable. It is not worth concealing information for the sake of getting a loan. It is worth noting that lenders exchange information regarding potential bad or fraud borrowers among themselves, thus magnifying the impact.

Keep your documents handy: It will help expedite the sanction if you provide answers to all the questions and provide any supporting documents required.

Confidence: Finally, be confident. You are the customer and have access to many lenders in the market. You just need to talk about your financial situation with clarity and confidence. There is no need to get intimidated by the process.

To Know more about Prescon Realtors & Infrastructures Private Limited
Contact Us :
Address  :
201, Prestige Precinct, Near Nitin Casting, Almeida Road, Panchpakhadi, Thane (W), Mumbai – 400601.
Telephone : 91-22-25985951–55
Email : prescon@prescon.in

Why 2bhk and 3 bhk size matter?

Basic facts you should know when buying a home

Let’s admit it, the terms and jargon thrown at us by agents and realtors have us staring at them cluelessly most of the time. While buying a house, terms such as carpet area, built-up area and super built-up area mostly evade our realm of understanding, or at least cause some confusion. In every residential complex, there are these three ways of calculating the area, or the square footage. They may not all sound very different, but there is in fact a big difference between carpet area and built-up area.
Not knowing what each actually means is what could give people a chance to take you for a ride. However, it is not rocket science. Just a little reading and you will be pretty thorough with the terms. Here are some of the basics of real estate you should know.

Carpet area

Carpet area is the area that can actually be covered by a carpet, or the area of the apartment excluding the thickness of inner walls. Carpet area does not include the space covered by common areas such as lobby, lift, stairs, play area, etc. Carpet area is the actual area you get for use in a housing unit. So when you are in search of a house, look at the carpet area and then make your decision, because that is the number, which will give you an idea of the actual space at your disposal.
Focusing on the carpet area will help you understand the usable area in the kitchen, bedroom, living room, etc. Nowadays, many builders don’t even mention carpet area at first, and usually charge on the basis of built-up area or super built-up area. Carpet area is usually around 70% of the built-up area.

Built-up area

Built-up area is the area that comes after adding carpet area and wall area. Now, the wall area does not mean the surface area, but the thickness of the inner walls of a unit. The area constituting the walls is around 20% of the built-up area and totally changes the perspective. The built-up area also consists of other areas mandated by the authorities, such as a dry balcony, flower beds, etc., which add up to 10% of the built-up area.
So when you think about it, the usable area is only 70% of the built-up area. So, if the built-up area says 1200 square feet, it means around 30% (360 square feet) is not really usable, and the actual area you will get to use is only the remaining 840 square feet.

Super built-up area

Super built-up area is a builder’s BFF! It is the area calculated by adding the built-up area and common area that includes the corridor, lift lobby, lift, etc. In some cases, builders even include amenities such as a pool, garden and clubhouse in the common area. A developer/ builder charges you on the basis of the super built-up area which is why it is also known as ‘saleable’ area
Now let us consider this case: the rate is Rs. 2,000 per square foot and the super built-up area is 1,200 square feet, then the base cost will come up to 24 lakh.
When there is more than one apartment on a floor, the super built-up area is calculated in a different manner. Let us assume this is the case.
- The area of Apartment 1 is 1000 square feet
- The area of Apartment 2 is 2000 square feet
- The total common area is 1500 square feet, out of which the share of Apartment 1’s common area is 500 sq. ft. while the share of Apartment 2’s common area is 1,000 sq. ft.
Then the super built-up area of Apartment 1 is 1,500 square feet and of Apartment 2 is 3,000 Square feet. The super built-up area, as seen in this example, is divided in the ratio of the apartments’ built-up areas (in this case 1:2).
Considering the fact that builders and developers usually price their apartments based on super built-up or ‘saleable’ area, being unaware of the fundamental difference between carpet area and built-up area and other terms leaves one running blind. Often the actual usable area is much lower than the super built-up area.
Some builders take into account the carpet area while charging you, but this is only in the rarest of the rare cases. 90% of the developers calculate the base cost on the basis of the super built-up area; the more the amenities the higher the super built-up area.

In a nutshell

Real estate can be complicated, and you cannot change the rules and practices, but you definitely can make an informed decision when you’re aware of the various types of calculations for square footage, a seemingly major but actually simple job. We hope this clears up the confusion that always seems to permeate floor areas and how prices are calculated, making it easier for you to make decisions.

To Know more about Prescon Realtors & Infrastructures Private Limited
Contact Us :
Address  :
201, Prestige Precinct, Near Nitin Casting, Almeida Road, Panchpakhadi, Thane (W), Mumbai – 400601.
Telephone : 91-22-25985951–55
Email : prescon@prescon.in

Walk-to-work culture gaining immense momentum in Thane

Everybody wants their home to be close to their work place; however, is it feasible to have one, especially in a metropolitan city like Mumbai? Thane, today, is very strongly promoting the walk-to-work culture. Residents here tend to allocate high importance to the location of homes that are within a reasonable commuting distance from their workplaces. In such a scenario, a home close to the Central Business District (CBD) or Secondary Business District (SBD) is a premium offering in the residential real estate segment.
Siddharth Bhatia, marketing head, The Wadhwa Group, says, "The potential growth of Thane as one of the new CBDs of the city, has witnessed a major rise in the preferred residential location by people. In the last two decades, Thane has transformed rapidly as a developing location. The demographic aspect of the metropolitan is such that commuting from one part of the city to another is a task and hence, people prefer settling for a property that is closer to their area of work."

Experts believe that the increased connectivity of Thane with Mumbai's suburbs and the national highways has paved the way for many corporates and factories to have their foothold in this area. Emerging micro-markets in Thane like Majiwada, Ghodbunder Road, Pokhran Road and Kolshet Road along with the presence of prominent developers and their quality offerings, have led Thane to house both, residential and commercial spaces. "Accessibility to international schools, hospitals, entertainment facilities and green living, has contributed to the rise of the population in the nearby areas and the expansion of Thane city. Integrated townships and high-rise buildings, along with public service facilities, have promoted the government to establish a business centre around Thane, thereby enabling people to have an adequate work-life balance," explains Anupam Verma, vice-president operations, Rustomjee Urbania.

Thane and its walk-to-work culture

Thane has seen a gigantic increase in residential real estate because of its close proximity to prime locations and commercial hubs. "With the infamous traffic grimaces, walk-to-work is the much-needed change that will make a significant transformation for the betterment of Thane by facilitating people to dedicate more quality hours at work rather than spending time on travelling," opines Rushank Shah, director, sales, Hubtown Ltd. According to experts, there exist certain key aspects that lead to an appropriate work-life balance in Thane, such as:

Connectivity: Connectivity of Thane with Mumbai's suburbs and its out skirts is fetching a great amount of at traction for the residential and commercial realty space;

Accessibility: Accessibility to international schools, corporate entities, hospitals and transportation, has enabled the consumers to avail a better lifestyle

Entertainment: Availability of the malls, amusement parks and other entertainment zones in Thane has added a great quotient to the walk-to work culture.

Healthy living in thane

Niranjan Hiranandani CMDHiranandani Group points out, "Healthy living is something that Thane promotes with its real estate offerings. There are two aspects we need to consider here. First, the city itself is clean and green; it is blessed with verdant greenery and water bodies. The Sanjay Gandhi National Park's eastern side overlooks the city and this adds to the green perspective. Gardens within the city adds to the 'green' quotient; as do the lakes surrounded by lush, tree lined avenues. Secondly, the integrated townships, which are coming up in Thane have added to the 'clean and green' aspect in a major way. In fact, these townships promote the 'walk culture', with options which encourage residents to walk to the green spaces, the club house or sports facilities. The townships have been created in a manner that encourages residents to think 'green'."

Experts claim that Thane is one such locality that fulfils the most lucrative need by providing a classy living without compromising on the breathing zones of the city. Widened roads and a number of green patches dotting the locality all around add to the spacious charm.

To Know more about Prescon Realtors & Infrastructures Private Limited
Contact Us :
Address  :
201, Prestige Precinct, Near Nitin Casting, Almeida Road, Panchpakhadi, Thane (W), Mumbai – 400601.
Telephone : 91-22-25985951–55
Email : prescon@prescon.in