What Is Carpet Area, Built Up Area, and Super Built-Up Area?

Finding a home may be a challenging task, especially if you’re unfamiliar with terms used in the real estate industry like carpet area, built-up area, and super built-up area. It will be much easier for you to make wise judgement when buying a property if you have a solid grasp of these words.

Buying your dream home is one of the largest investments you’ll ever make, so you should know exactly what you are getting and why. Builders, developers, and even brokers use terms like Carpet Area, RERA Carpet Area, Built-up Area, Loading Factor, Super Built-up Area, and so on. But do you know their precise meaning?

For your comprehension, we have described each of these terms here with the use of simple explanations and examples. Before you set out to purchase your ideal house, take a short look at this to remain ahead of the game.

A CARPET AREA: WHAT IS IT?

The term “carpet area” or “net usable area” is frequently used. According to the Real Estate Regulation and Development Act (RERA), carpet area is defined as “The net usable floor area of an apartment, excluding the area covered by the external walls but including the area covered by internal partition walls of the apartment.” Carpet area typically includes spaces like bedrooms, living rooms, kitchens, bathrooms, balconies and stairwells of a home or flat.

SUPER BUILT-UP VS. BUILT-UP SPACE

Having established what a carpet area is, let’s proceed to the next consideration. Built-up area and super built-up area are two concepts to be mindful of while surveying a property. The whole space encircled by a property’s walls, including the carpet area and wall thickness, is referred to as the built-up area. It encompasses not just the carpeted area but also other places that are a part of the flat or office, such as the space enclosed by external walls. The plinth area is another name for the built-up area.

On the other hand, a super built-up area is the entire area that has been constructed on the property, including shared spaces like lobbies, stairwells, lifts, and other places used by several people. In addition, it has features like gardens, swimming pools, and clubhouses. The super built-up area is calculated by adding a proportionate share of the common spaces, allotted to each flat or office space to the built-up area. A saleable area is another name for a super built-up area.

CARPET AREA, SUPER BUILT-UP AREA, AND BUILT-UP AREA DISTINCTIONS

The areas that are measured differently by carpet area, built-up area, and super built-up area. The space within a useable property’s walls is measured by the carpet area. The carpet area plus the space taken up by the walls and other components of the house are combined to form the built-up area. The built-up area and the common spaces are combined to form the super built-up area.

A property’s total cost is typically determined by taking into account its super built-up area, which accounts for shared spaces like stairwells, lifts, and other facilities. Super built-up areas often have greater costs per square foot than built-up areas, which in turn have higher costs per square foot than carpet areas.

METHODS USED TO MEASURE

A laser measuring instrument or a tape measure can be used to determine the carpet area of a property. When measuring from wall to wall, remember to account for any projections, such as bay windows or columns, which should be subtracted from the total size. However, the built-up and super-built-up regions are usually measured by the developer or builder. This involves taking measurements of the outer walls and allocating to each flat or office space a reasonable fraction of the shared spaces.

NEGOTIATION ADVICE FOR BUYERS AND TENANTS: HOW TO ACCURATELY CALCULATE THE CARPET, BUILT-UP, AND SUPER BUILT-UP AREAS.

It is essential to bargain for a fair carpet space, a built-up area, and a super built-up area when buying or renting a property. Here are some guidelines to assist you in locating the best offer:

1. Study the market: It’s important to carry out market research to understand current prices for homes of similar size and location in order to be ready for discussions when purchasing a property. This will serve as a starting point for figuring out what the carpet area, built-up area, and super built-up area should cost.

2. Request comprehensive plans: It is advised to ask the builder or developer for specific blueprints in order to verify the arrangement and measurements of every room, along with the wall thickness. To make sure the buyer is getting a fair price, this information may be used to independently compute the carpet area, built-up area, and super built-up area.

3. Request a thorough cost breakdown: For determining the precise cost calculation of carpet area, built-up area, and super built-up area, it is vital to acquire a through cost breakdown from the builder or developer. This will prevent you from paying over the top for amenities or common spaces that might not be utilised.

4. Negotiate the price based on the Carpet area: Rather than the extremely built-up area, it is advised to debate the price based on the Carpet area. This will ensure that the amount you pay is for the real living area that you will use on a daily basis. Never forget that the built-up and super built-up areas of the property are taken into consideration by the authorities when determining property taxes.

FINAL OVERVIEW

To sum up, while buying a house, it’s critical to understand the differences between carpet area, built-up area, and super built-up area. These definitions of measurement are crucial in figuring out how much useful area you will get in return for your investment. By conducting thorough research, asking specific blueprints, and negotiating based on the carpet area, you can make sure that you are getting a fair price and paying for the real useable space.

Our house is the most valuable possession we have, and it often represents a significant portion of our earnings. Therefore, before making an investment, it is crucial to keep the above-mentioned things in mind. Never hesitate  to investigate and compare other properties based on their carpet area, built-up area, or super built-up area, especially if they are close to one another. By comparing two neighbouring houses, you may obtain a general idea of the suitable pricing and offers, allowing you to work out a good deal with the builder.

At Ekta World, we pride ourselves on transparency and offer you all the information you need to make an informed decision when purchasing your ideal house.

AGREEMENT TO SELL: WHAT YOU NEED TO KNOW!

Legal document from EKTA World outlining a property sale

Do you intend to sell a house? If so, it’s critical to safeguard your interests and make sure the transaction closes successfully. An agreement to sell is relevant in this situation.

We’ll cover all you need to know about it in this blog. We’ll go over the main elements of this agreement, what an agreement to sell is, what the law requires, and how important it is in different kinds of sales transactions. By the time you finish reading this blog, you’ll know exactly how it can help you as a seller and how to draft a strong contract that safeguards your rights.

WHAT IS AN AGREEMENT TO SELL?

We may interpret an Agreement to Sell in a variety of ways. But, here’s what it really means:

An agreement to sell is a legally enforceable contract that defines the terms and circumstances of a transaction between a buyer and a seller. It is a vital tool for avoiding misunderstandings and disagreements by explicitly describing each party’s expectations and duties.

An agreement to sell is defined legally as a contract that lays out the terms and conditions for the selling of products or services between a buyer and a seller. The purpose of the parties to acquire and sell the property, as well as the terms of the transaction, such as the purchase price, payment plan, date of possession, and other crucial details, are established in this crucial document.

IS A SALE AGREEMENT A LEGAL DOCUMENT?

In order to allow both parties to discuss and finalise the details of the transaction, an agreement to sell is typically executed prior to the actual conveyance deed or sale deed being signed. Following the signing of the agreement, the seller must give the buyer possession of the property in accordance with the terms and conditions specified in the agreement, and the buyer must pay the agreed-upon purchase price. It is a crucial legal agreement that safeguards the rights of the seller and the buyer and works to prevent future misunderstandings and conflicts.

IS A SALE AGREEMENT LEGALLY BINDING?

A contract that is validated by law amongst a seller and a buyer is said to be a legally binding agreement of sale. This format of written contract comprises of everything right from the acquisition cost, instalment plan, occupancy date, and other major stipulations of a property transaction.

This agreement of sale is only completed when certain requirements are fulfilled such as both parties’ signatures are done along with an in-depth explanation of the asset for transfer and a concise summary of terms and conditions of the business deal. Besides, there must be no unwarranted influence or compulsion and the agreement must be mutually agreed upon.

The moment it is locked with a signature, an agreement of sale becomes a binding contract that both parties must uphold. The opposite party may opt for legal solutions, such as Compliance, reparations, or contract dissolution if either party breaches the agreement clauses.

Prior to signing a contract, buyers and sellers must ensure that all terms and conditions are grasped and assented to as well as the legal ramifications of the agreement. Having a legal counsel also helps to certify that the contract is legally obligated from there on.

IN INDIAN LAW, WHAT IS AN AGREEMENT TO SELL?

As per the Indian Contract Act, an agreement to sell stands as a legal contract in which the seller agrees to transfer ownership of the property to the buyer in due course, governed by a set of conditions, such as buyer’s document fulfilment, settlement of the sale price, and other provisions acknowledged by both the parties involved.

It is an essential legal document that establishes the parties’ purpose to buy and sell the property plus the deal’s condition. For both parties, it is a pivotal contract that protects their interests and mitigates the risk of forseen disputes or communication failures. In India, the completion of a sale or conveyance deed, which formally bestows property title to the buyer, commonly takes place after an agreement to sell.

WHAT DISTINGUISHES A SALE FROM AN AGREEMENT TO SELL?

RETURNING OWNERSHIP

SALE – As soon as the sale deed is executed, ownership of the property is changed from the seller to the buyer.

AGREEMENT TO SALE – At a later time, once certain requirements are met, ownership of the property is passed from the seller to the buyer.

CREDIT FOR THE PURCHASE PRICE

SALE – When the selling deed is executed, the purchase money is paid.

AGREEMENT TO SALE – In accordance with the terms of the agreement, the purchase price is paid in installments or at a later time.

OFFICIAL STATUS

SALE – As soon as the sale transaction is executed, the buyer assumes all risk of loss or damage to the property.

AGREEMENT TO SALE – Until ownership is passed to the buyer, the seller bears the risk of loss or damage to the property.

DUTY STAMPS AND REGISTRATION

SALE – For the transfer of ownership to be considered legitimate, a sale deed must be recorded and stamp duty must be paid.

AGREEMENT TO SALE – Registration is not necessary for an agreement to sell, however state regulations may demand the payment of stamp duty.

In real estate transactions, both buyers and sellers must understand the basics of an agreement to sell. Since it’s a legally enforceable agreement, it ensures not only defined obligations for the involved parties but also grants a seamless property transfer process. Moreover, by adhering to the terms of the agreement under the legal guidance, people benefit from safe and successful real estate purchase!

Ekta Tripolis Penthouse: Redefining the Luxury Living Experience

ekta tripolis penthouse in goregaon

Ekta Tripolis offers you ready-for-possession luxurious duplex penthouses, located in Goregaon (West). The Ekta Tripolis penthouses are built to provide the comfort and experience of an unparalleled lifestyle with all premium amenities in strategic location and an amazing view.  In a bustling city like Mumbai, where residents long for tranquility, these penthouses stand as ideal dream homes, spanning between 2,377 to 3,895 sq. ft. In a city like Mumbai where one likes to acquire a home away from the hustle these penthouses are your dream luxury homes spread across 2,377 to 3,895 sq. ft. Developed in a duplex design, they have spacious and airy interiors with views of the cityscape that make your mornings and evenings calm and serene, away from the hustle.

Let us have a look at some of the most amazing aspects of living in Ekta Tripolis Penthouse:

Exclusive Clubhouse and World-Class Amenities To experience leisure and wellness, Club Trilogy at Ekta Tripolis offers its residents over 25 lifestyle and wellness amenities along with an infinity swimming pool. Spanning 30,000 sq. ft., the clubhouse also features the This is not all, located at 30,000 sq.ft., Club Trilogy also has an Evander Holyfield Gymnasium along with a business center. To ensure that the kids indulge in interesting activities, the club also has a soft play area where they can enjoy with the various games available for them.

Also Read: Sonu Sood inaugurates CLUB TRILOGY

The infinity swimming pool with its picturesque view helps the residents to unwind and get the ultimate luxury experience. Owing to the dynamically changing workspace, residents who want to work in peace and in a secluded office like environment can do so at the business center. Overall, the clubhouse is your go to place for both leisure and work, giving you the right ambience for your needs.

Prime Location with Seamless Connectivity

Ekta Tripolis is located at the city’s prime location, with fast connectivity through metro, rail and road, thereby, ensuring that you save your time and efforts and can commute easily. Also, there are many prominent educational institutions nearby to help the residents with easy access to schools and colleges.

Lavish Interiors and Design

Every duplex penthouse comes with interiors and architecture that speak of innovation and luxury. The inside of the penthouse are built aesthetically while offering complete functionality. What sets these penthouses apart is their emphasis on exclusive privacy, meticulous attention to interior design, as well as the breathtaking view of the Mumbai skyline.  These homes offer a lifestyle that speaks of quality and peace, away from the bustling city life.

Luxury within Range

These duplex penthouses that are priced from ₹11.29 crore (all-inclusive), offer exceptional value for your investment , and will be a home like no other. The Occupancy Certificate (OC) is available at the time of possession, ensuring a smooth handover without any hidden or additional costs. . The total cost is also inclusive of the GST, further adding to the transparency and ease of the buying process.

Experience Calm, Serene and Aesthetic Living

With state-of-the art infrastructure, aesthetic interiors and ambience, luxury amenities, Ekta Tripolis ensures that you buy a home that gives you a king size life experience forever. Your penthouse will be a true reflection of your persona, lifestyle and sophisticated living, giving you the experience of living a life of content and peace in one of Mumbai’s most coveted region.

For any more queries or to schedule a visit, you can contact Mr. Manoj at +91 99877 11419 or Mr. Frank at +91 98209 75397.

Sonu Sood inaugurates CLUB TRILOGY: A new era of Luxury at Ekta Tripolis

EKTA Tripolis, one of the premium residential projects by EKTA World, recently introduced its luxurious clubhouse called the CLUB TRILOGY, enduring great pride. As a clubhouse that redefines opulent life, the opening ceremony was indeed a magnificent event. The major highlight was that the highly celebrated actor and philanthropist Mr Sonu Sood graced this high-profile inauguration. Famous architect Reza Kabul was also present to commemorate this big reveal his architectural brilliance has played a crucial role in bringing this concept to life.

Mr. Vivek Mohanani’s Vision for Lavish Living

Mr. Vivek Mohanani, MD & CEO of EKTA World, was highly thrilled about this whole gathering. He stated, “We are sincerely moved and elated to unveil CLUB TRILOGY which is an epitome of our diligence to offer a remarkable endeavour that represents lifestyle, luxury, convenience, comfort, wholesome living and work-life balance.” He further added, “Our association with global companies such as Evander Holyfield for the gymnasium is a testament to the culturally diverse and enriching lifestyle we aim to provide for our residents.”

A Showcase of World-Class Amenities

Spread across 30,000 square feet of space, CLUB TRILOGY boasts an extensive combination of supreme amenities to meet a wide range of demands and tastes. As a unique establishment in Goregaon, The Evander Holyfield Gym with state-of-the-art workout equipment and amenities, is a distinctive feature of CLUB TRILOGY.

Sonu Sood’s Endorsement of Wellness

Deeply amazed to witness such stellar collaboration, Mr Sonu Sood expressed his view on this epic occasion. He said, “I resolutely believe that leading a healthy lifestyle is dependent on wellness and exercise. And the launch of CLUB TRILOGY at EKTA World is a definite boon and a real indulgence to the residents of EKTA Tripolis.”

Recreation and Relaxation at Its Best

Another vital element of the club is its serene swimming pool, which offers a gentle retreat for amusement and relaxation. Enhancing the experience, the cutting-edge theatre brings along all the movie buffs for a cinematic experience under one roof to cherish the newest releases in comfort and style. For individuals looking for fun and exercise during their spare time, there is a top-of-the-line squash court and a vibrant play zone.

Spaces for Wellness and Family Fun

Even high-intensity workout sessions can be conducted in a tailored section also known as the dynamic Zumba Zone. In parallel, the flexible yoga areas, both indoors and outdoors, are targeted to nurture calmness and a holistic state of health. The Hop N Bop Soft Play Zone is yet another intriguing addition for families, enabling a light-hearted environment configured with kids in mind.

Elevating Social and Business Interactions

Other than the recreational amenities, the upscale café offers an elegant setting for fine coffee and light bites, taking the whole clubhouse experience to another level. The comprehensively furnished Business Centre meets business prerequisites by presenting an optimal setting for meetings and work. Besides, the fashion-forward Banquet Hall holds a sophisticated venue for imperative occasions and parties, hosting up to 170 attendees. Substantial, open entertainment areas provide ample space for socializing, which is an addition to the clubhouse’s charm.

A Milestone for EKTA Tripolis

Post completion of 250 homes in the EKTA Tripolis, the augmentation of CLUB TRILOGY marks a pivotal benchmark for the project. Keeping up with the central theme of – ‘Life’s Difference Here’, EKTA Tripolis has now joined hands, developing strategic ties with top companies to further advance the launch. These synergies underscore CLUB TRILOGY’s fidelity to innovative design and supreme craftsmanship.

Explore These Top 3 Locations To Invest Property In Mumbai, 2024!

The residential real estate industry in Mumbai Metropolitan Region (MMR) is expanding rapidly, with new residential unit sales reaching an all-time high in 2023. This increase in demand and supply suggests that Mumbai’s real estate market will continue to thrive in the years ahead. Mumbai is one of India’s most desirable cities for residential and commercial property investment, owing to its varied economy, superb infrastructure, and vibrant culture. In this blog, we’ll look at the 3 greatest locations for property investment in 2024.

GOREGAON

Goregaon, a bustling suburb of Mumbai, is currently a popular real estate investment destination. Goregaon stands out for its dynamic expansion, excellent access to Dahisar East and Gundawali via Mumbai Metro Line 7, and growing property trends over the previous five years. Ongoing infrastructural development, including the Red Metro Line expansion to CSMIA International and the Goregaon-Mulund Link Road, enhances its desirability. Goregaon is positioned as a prospective investment area in Mumbai, with an upward price trend and future renovations that make it an appealing option for real estate investments. Ekta Tripolis is one of the most sought-after selections in the area. This sumptuous complex with 36 residential storeys with state-of-the-art amenities is the epitome of ideal living, with 2BHK and 3BHK flats and Penthouses.

SANTACRUZ WEST

Santacruz West is a suburban neighbourhood in the heart of Mumbai that provides excellent real estate investment prospects. It is close to major business areas like Bandra-Kurla Complex and Andheri, and it is easily accessible by the Western Express Highway. Because of their prime location, properties in this area are in great demand. Furthermore, planned Mumbai Metro Lines 2 and 3 will make Santacruz West even more accessible. The neighbourhood is also close to restaurants, retail malls, and movie theatres, making it a popular choice for both residents and investors searching for a fantastic spot to live or invest. Ekta Elitus, offering 4- & 5-Bedroom apartments, is one such sight-to-behold tower present in the location. Right from the grandeur entrance lobby to the automated residences, the site is sure to warm your heart. Its unmatched class along with with five levels of podium car parking and 11.5 feet high ceilings, will ensure that your investment pays off in the long run.

KHAR

In recent years, numerous sites in Mumbai have proven to be quite beneficial to real estate investors. One such region is Khar! It has proven to be a strategically beneficial position, with great access to important Mumbai hotspots and hubs such as Andheri MIDC, SEEPZ, Lower Parel, BKC, and more. Khar has seen an increase in housing developments and high-rise structures, attracting top real estate developers. It is a desirable housing location, and its growth has been steadfast. Thus, investing in this trendiest suburb with Evaana, Ekta World’s most popular project, provides a superb environment, lavish shopping and eating attractions, cafés, restaurants, and much more. With configurations of both 3BHK and 5BHK, this residence is guaranteed to provide you with the luxury lifestyle you have always dreamed of! In addition, you have a completely equipped gym, a part lawn, and a landscape garden to help you live comfortably and conveniently! We’re confident that this exclusive 17-story project for families and individuals has already swept you away! Without a doubt, it is the perfect combination of gorgeous architecture, mesmerising design, class amenities, and magnanimous appeal.

CONCLUSION

The most significant factor to consider while investing in a property is location, followed up by great amenities and accessibility. In order to have a peaceful life, taking into account your future growth plans is a must. So if you carefully choose a location that strategically meets your requirements and preferences, it’s worth every single penny. Knowing that the nature of the real estate market is ever-evolving, prioritizing the location before anything will ensure a successful living all while fulfilling your life goals. We hope this blog guides you in your most prudent investments and offers you precise market knowledge for long-term returns. Remember, your choices define you, and hence, tap into intelligence and invest wisely for a profitable future in Mumbai’s real estate market.

Also Read: Consider these tips while searching for a perfect home for yourself!

Exploring Ekta Parksville: Your Gateway to Modern Living in Virar West

The majestic Ekta Parksville is situated in Virar West’s lively terrain, where contemporary life coexists peacefully with nature. This residential complex, which spans across, redefines what it means to live in luxury. Ekta Parksville encourages you to set off on a journey of comfort, peace, and modernity by providing an exceptional combination of elegance and affordability.

Embracing Tranquility from a Towering Panoramic Marvel

Ekta Parksville offers its residents the big city lifestyle in Virar. It’s impossible to disregard this high-rise’s blueprint magnificence as the rays of sun shimmer on its 15 storey. EKTA Parksville, is a true example of quality and affordability combined. In the middle of a busy metropolitan setting, Ekta Parksville is an idyllic retreat situated on grounds that cover more than an acre. It is a location where tranquilly and nature live together, offering locals a getaway from the stress of daily life. Here, the calm sounds of birds singing and the soft rustle of leaves reverberate throughout the complex.

Amenities and Facilities Redefining Luxury

With an array of arrangements that denominates every facet of modern living, the residential complex embodies grandeur. Ekta Parksville offers an amalgamation of leisure, relaxation, and fitness as mentioned below:

Landscaping & Tree Planting: Rejuvenate your senses by encircling yourself with appetizing greenery.

Jogging Track: Preach fitness every morning on a dedicated jogging path, perfect for your routine.

Children’s Play Area: Bestow your children the opportunity to explore amusement in a secure setting.

Open Gymnasium: Work out in the enriching outdoors and relish a healthy lifestyle.

Club House/Multipurpose Court: Participate in socialising, sports, and leisure tasks in the neighbourhood clubhouse.

Gazebo and Open Lawn: Discover your zen in quiet areas, such as on the grassy lawn or in a gazebo.

Kids Pool: Children will enjoy themselves by splashing about in a separate pool.

Net Cricket and Outdoor Chess Board: Play outdoor games and friendly contests with your friends and family.

Party Lawn and Shrub Bed: Host events and gatherings in gorgeously planted locations.

Enhancing Life Within the Walls by Elevating Comfort

Step inside Ekta Parksville’s tastefully decorated residences to experience luxury on every level. Mirror-finished granite/vitrified flooring tiles provide a sense of opulence to the living areas and bedrooms. Each residence’s doors are more than simply regular doors; they are pathways to a sumptuous experience.

Also Read: EKTA Parksville- Rendering The Sense Of Harmony And Community

Thoughtful Details in Kitchen and Bathrooms

Even the most practical places at Ekta Parksville are elegantly and functionally constructed. Cooking in the semi-furnished modular kitchen is a pleasure owing to the stainless-steel sink and granite top platform. The attention to detail that characterises Ekta Parksville is seen in the high-end sanitary tiles, granite-platformed wash basin.

A total of 43 buildings In EKTA Parksville and EKTA Brooklyn Park make up the integrated residential township project known as Ekta Parksville. The project has received Occupation Certificate for 36 buildings. Ekta Parksville Virar West is your choice if you’re looking for a lifestyle that is unparalleled based on its thoughtful amenities, superb décor, and panoramic views.

A Beginners Guide to Investing in Goregaon West Real Estate

Goregaon, a Mumbai suburb, grabbing a lot of attention due to its strategic location, meteoritic rise in social and infrastructural developments. With new home developments arising rapidly to cater to demand from people, you may envision the kind of expansion the neighbourhood is seeing. Goregaon is not only home to the middle class; those seeking luxury residential buildings can certainly find something appealing here. These upscale housing developments in Goregaon demonstrate that influential people have taken notice of the neighbourhood. People are investing their money in Goregaon real estate. What, on the contrary side, draws real estate investors to Goregaon? Let us discuss the factors that influence home buyers’ and investors’ preferences for Goregaon.

Goregaon is well-connected.

On the Western Railway Line, Goregaon Railway Station is one of the major stations. The railway station acts as the focal point for the central and western lines of Mumbai, therefore Goregaon eventually serves as a residence for those who take the harbour line to work. The Western Express Highway and the Jogeshwari-Vikhroli link road are the two main highways that run through Goregaon. Furthermore, Goregaon is traversed by the SV road, which offers superb access to the remainder of the city. And the upcoming Mulund Goregoan link road, and Mrinal tai and Jogeshwari flyover have enhanced east west connectivity.

Ideal location.

If you’re looking to buy a home in Goregaon, it’s in the perfect location because it’s nestled between Andheri and Borivali, two of Mumbai’s most notable neighbourhoods. In addition, Goregaon is adjacent to important Mumbai business districts like Andheri, ODC, Mindspace, BKC and Bandra, which enables inhabitants to enjoy even walk to work culture and invest in Goregaon luxury apartment buildings. Goregaon is also home to numerous big international firms. The top executives of these MNCs invest in opulent residential buildings in Goregaon because they desire to live closer to their places of business.

A well-equipped suburb.

There are a many shopping centres throughout Goregaon, Inorbit, Infinity, etc to name a few. Many of Mumbai’s top retail malls are present in Goregaon. The most renowned brands and sturdy multiplexes are found in these Goregaon malls, which contributes to their attraction. Some of the best hospitals in the city are in Goregaon. It also houses has some of its finest schools to give them the best education possible.

Return on investment.

Anyone who invests money in a project hopes to make a sizable profit. Goregaon has seen a rapid pace of growth in the city for residential building. Buying a brand-new home in Goregaon right now can yield some of the best profits for investors. As reported by buyers, prices for houses in Goregaon have grown by 8% this year. Goregaon has shown tremendous growth amid the dire situation of the economy.

The luxurious Ekta Tripolis residential development in Mumbai is for sale. It has 36 residential storeys. The super-sized luxury apartments in Goregaon West come in the following layouts: 2BHK Gracia, 3BHK Eleganz, 3BHK Grande, and 4BHK Elan. By Ekta World Real Estate Developers, it is a project that is ready for habitation and is OC received. In the modern era where everybody seeks to protect the generation after us, Ekta World has taken the initiative and advanced towards the rising popularity of green buildings. EKTA Tripolis is designed and constructed to be a ‘Green Building’.

The building complies with fire safety and protection regulations. Accessibility to the total amount of open space designated for recreation as well as energy management, landscaping and tree planting, solid waste management and elimination, and stormwater drains are additional provisions. A closed-car parking area is available. Additionally, it features a swimming pool, a gym, a multipurpose court, a jogging track, a children’s play area, and lots more. Inorbit Mall, VIBGYOR School, and the International Airport are nearby EktaTripolis, which has a thriving social system.

Visit our website www.ektatripolis.com right away to get more information about Ekta Tripolis.

Why Goregaon West Is The Perfect Location For Families

Are you in search of a new residence in Mumbai? If so, you want to think about GoregaonWest. This suburban Mumbai neighbourhood is known for its practical proximity and array of social infrastructure. In GoregaonWest, you may find a flat that suits your needs, whether you’re seeking an opulent residence or a more budget-friendly one.

Are you in search of a new residence in Mumbai? If so, you want to think about GoregaonWest. This suburban Mumbai neighbourhood is known for its practical proximity and array of social infrastructure. In GoregaonWest, you may find a flat that suits your needs, whether you’re seeking an opulent residence or a more budget-friendly one.

EKTA TRIPOLIS GOREGAON WEST SPECIFICATIONS

Location : The project’s location should be considered as one of the most crucial elements. A major suburb, Goregaon is broken into numerous smaller communities. Therefore, it is crucial to pick a project that is situated in a neighbourhood that complements your way of life. EktaTripolis in Goregaon West is an excellent spot to live for those who appreciate the ease of city living because it is home to a lot of retail malls, eateries, and cafés. Another important consideration is how close it is to neighbouring Mumbai areas like Malad, Andheri Lokhandawala.

Budget : The cost of the residential project should also be evaluated keeping in mind one’s budget. All the upscale, ready-to-move Ekta World buildings are presented as value for money housing options you can discover in Goregaon West because the company firmly supports its customers’ vision to aspirational living. The eye-catching tower comprises 4BHK Elan, 3BHK Grande, 3BHK Eleganz, and 2BHK Gracia super-sized luxury apartments.

Amenities : When selecting a residential property, you must consider several key criteria in addition to location and cost. Infrastructure and facilities / amenities are among them. EktaTripolis is a multi-faceted residential in Goregaon West which includes a swimming pool, open amphitheatre, shade shelter, gymnasium area, multi-purpose court, jogging track, children’s play area, stormwater drain, waste management and disposal, and much more.

 FACTORS TO INVEST IN RESIDENTIAL PROJECT IN GOREGAON WEST

Strategic location : GoregaonWest is strategically located with easy access to Western express highway, Link Road and SV road, enhancing connectivity to Andheri, Bandra and Lower Parel which are commercial areas. Additionally, it has excellent access to other areas of the city by major highways and rail hubs.

Infrastructural expansion : New highways, bridges, and flyovers, Metro line have been built in GoregaonWest recently, contributing to the area’s tremendous infrastructural growth. As a result, connection and accessibility have been enhanced, making it a more desirable site for investors and homebuyers.

High demand : GoregaonWest has an elevated need for residential homes because of its prime location, expanding infrastructure, and accessibility to facilities like hospitals, schools, and shopping malls. For investors seeking long-term capital growth, this makes it the perfect place for investment.

Rental income : In GoregaonWest, investors can anticipate a rental yield of about 2-3%, which is thought to be favourable in the Mumbai real estate market. Because of this, investors like it as a site.

Also Read : Ekta Tripolis Redefining the Real Estate Landscape of Goregaon West

Ekta Tripolis  is one of Goregaon West’s premier residential developments that gives homeowners a selection of layouts if they want to enjoy the best. We guarantee that you will receive nothing less than the best, with rooms that are spacious, modular kitchens, imported marble floors, and more. We can only say, “Welcome home!”

Ekta Tripolis Redefining the Real Estate Landscape of Goregaon West

Ekta World, one of Mumbai’s most prominent real estate developers and builders with an enviable track record for superior workmanship, creativity, and integrating regional landscapes with global lifestyles, is pleased to declare that its flagship project, “Ekta Tripolis,” at Goregaon West, has obtained Occupation Certificate to towers A and B.

Ashok Mohanani, Chairman of Ekta World, responded to this latest acquisition, saying, “We are thrilled to acquire OC for towers A and B for our premier project Ekta Tripolis. At Ekta, we are dedicated to keeping the commitments that we have made to our clients, bankers, and other stakeholders. We are pleased to have finished the job after overcoming all difficulties and appreciative of all the authorities as well as individuals who believed in and stood by us. We are eagerly readying ourselves to welcome our residents to their dream home.”

Adding to this Vivek Mohanani, Managing Director and CEO of Ekta World stated that “We are dedicated to maintaining high levels of standards and integrity. EKTA Tripolis will serve as a landmark in the region and fulfil the promise of global lifestyles to local landscapes. This will serve as a symbol of our dedication as developers.”

Ekta Tripolis at Siddharth Nagar, a luxurious 36-story building, is situated in the sprawling Mumbai suburbs. It is one of Goregaon West’s premier residential developments that gives homeowners an array of structures. A project offering 2BHK, 3BHK, and 4BHK super-sized luxury apartments with top-notch amenities was built in the centre of Mumbai’s most coveted suburb to assist homeowners in imagining leading an idyllic lifestyle. Due to the enormous social and infrastructural expansion that Goregaon has experienced over the past few years, the project has consequently become the top choice for anyone looking to purchase a brand-new property.

Because of its close connection to the corporate world and the thriving sector of entertainment, Goregaon has become one of Mumbai’s most popular neighbourhoods for homes. It is a centre that is specially situated to benefit working professionals. The Mumbai Metro, the suburban railway line, the Western Express Highway, as well as domestic and international airports, are all easily accessible from there. In the past five years, around 8,000 new housing units have been built in Goregaon, and 55% of the available supply has already been occupied. This reflects the growing interest in houses in Goregaon, which has emerged as the most well-liked and desirable residential hub. Additionally, it provides quick access to and near the vicinity of offices, restaurants, malls, schools, and other establishments.

Also read: Buy Your Dream Home in a City That Never Sleeps

Ekta World has unquestionably expanded brick by brick while undertaking numerous successful construction projects in the process. Along with creating distinctive structures, the group also attended to the comfort and necessities of its residents. Contact us right away if you’re interested in learning more about the advantages of buying New Residential Properties in Goregaon West.

Which is the Smarter Alternative in 2022: Purchasing or Renting a Property in India?

Purchasing your own home is a significant achievement. After you’ve established a reliable source of revenue, it’s considered the next right step. However, numerous factors are involved when purchasing a home, making this a rather time-consuming process. Renting an apartment could be a more practical and cost-effective solution. Nothing, however, compares to the safety and stability of owning a home. Is it preferable to purchase a home than to rent one? Now let us look at both scenarios..

Why is it preferable to own a home?

Emotionally valuable

The adage of roti kapada makaan still holds good and will continue to, having a roof over one’s head is among a man’s three fundamental needs. A permanentaddressprovides a family with a sense of security, safety & great sense of belonging. Knowing that you have a support system in place for retirement eases your mind. Furthermore, it can be preserved for generations to come.

It lowers the expense of relocation

Owning a house in one of the prestigious residential projects in Mumbai eliminates the need for regular relocation. This can happen in rental housing for a variety of reasons. It’s possible that a spike in rent will make it expensive. It could also be the end of the tenancy agreement’s specified time frame.Constant relocating can be both exhausting and costly. Finding a new home to stay in, as well as loading or unloading all your stuff, takes time and can be grossly inconvenient.

An excellent investment

It is a valued possession in addition to having a high emotional resonance, real estate is regarded as a wise investment. Aside from exceptional conditions, the value of residential houses is known to appreciate. As a result, your capital increases. Not only that, but you can save money on your purchase by taking advantage of tax breaks.

Rent vs. EMI

Regardless of where you live, there will be a cost. When you live in an area that you do not own, this is in the form of rent. When you buy a house, on the other side, the payment is normally made through EMIs. This is a monthly expense, just like rent. However, the advantage is that each instalment takes you nearer to being mortgage free.

Also Read : Consider These Tips While Searching For A Perfect Home For Yourself!

Why is it preferable to rent a home?

It does not bind you to a specific location

A house is a tangible asset that cannot be moved. It ties you to the location where it is found. You rarely know when you’ll have to shift in today’s fast-paced environment. It could be because of a work move, access to specialised facilities, such as healthcare, or even a wedding. Having your own home limits, you in several ways. You may be obliged to select a path that you would not have chosen otherwise, limiting your potential.

There are fewer costs involved

Buying a house entails a host of fees.It’s not just about the EMIs you offer but also the down payment which is the first thing.This is a portion of the total price you’ll have to pay upfront to secure the space. Legal expenses, as well as other taxes and surcharges imposed by your bank, maybe implicated, depending on the circumstances. This is in addition to the cost of registration and any taxes that may be imposed on the purchase. You will also be responsible for paying property taxes each year after your assessment.

Whether you should buy or rent is determined by a number of factors, the most important of which is your financial status.

To conclude, Buying a property, would be considered the better alternative, apart from all the benefits that you and your family can enjoy and create good support system in a community life, the current interest rates for home loan are at a decade low making your home purchase all the more desirable and lucrative.

Stay tuned for more!