Railway overbridge in Naigaon

Railway over-bridge near Naigaon station to connect Naigaon east and west

For many years residents of Naigaon had no option if they had to travel from Naigaon east to west by road.There was no bridge connecting the east and west sides of Naigaon. Hence residents were forced to travel to Naigaon railway station by by road, then cross the railway over-bridge on the platform by foot and reach the other side.This meant that you could not travel in a vehicle as there was no road bridge connecting Naigaon west to east.However, all that is set to change after the Bombay high court gave the go-ahead for the over bridge to be constructed.

Railway over-bridge naigaon

How it will benefit Naigaon residents

Residents of Naigaon will now have much better connectivity to Naigaon and Vasai West.Considering the fact that Naigaon is still a developing location,it will come as a blessing to the people of Naigaon that they can now travel to Vasai West which is more developed and has much more facilities.For example,residents of Naigaon east can now travel to Cardinal gracias hospital in Vasai by road in case of emergencies.Also shopping malls,multiplexes,D mart,Big bazaar etc in Vasai will become accessible to Naigaon residents too.It will also benefit the people living in the western side of Naigaon station and vasai to travel to Mumbai by the highway.Earlier the only option for them to reach Mumbai was to travel to Vasai east and take a much longer route to Mumbai.The over-bridge is also expected to boost the real estate sales in Naigaon east.

How it will affect the real estate market in Naigaon

The construction of the bridge is expected to be a game changer for the Naigaon real estate market much like the proposed sea link to connect Naigaon to Bhayander. Better.Better connectivity between Naigaon east and west would mean an increase in property prices in Naigaon.Naigaon. The proximity to Vasai west would mean that the property prices in Naigaon could now increase and reach the prices in Vasai west which is at least 30 percent higher.That means a flat in Naigaon costing 20 lakhs now can be expected to  cost at least 25-30 lakhs.

Mangroves to be replanted

There were some hurdles for the construction of this railway over-bridge.The construction would have caused destruction to the mangroves lining the area and would involve cutting down of at least 400 mangrove trees.he HC asked the MMRDA to follow the conditions set by the Maharashtra Coastal Zone Management Authority that include re-plantation of 10 times the number of mangroves destroyed.An officer will be in charge to ensure that a total of 4000 mangrove trees are replanted.The MMRDA had approached the high court, in view of directives issued by it to protect mangroves that all planning authorities in the Mumbai metropolitan region will have to maintain a buffer zone of 50 metres surrounding mangroves, where no development should take place.

The MMRDA had contended both sides of Naigaon were congested and a bridge would not only connect the sides, but also help reduce traffic congestion. The bridge will bring down the travel distance between the east and the west by 12km.The total cost of the construction of the bridge is expected to be 56.25 crores to be built on 1.24 hectares of land.

quickr and commonfloor merger

Real estate portal Quikr to merge with commonfloor

Real estate portal commonfloor to merge with quikr

The most awaited news in the on-line Indian real estate sector has been the much awaited merger and acquisition of on-line classified website Quikr and real estate portal commonfloor. On-line classifieds website Quikr that was earlier believed to be interested in buying real estate portal housing, is now looking to takeover in Bangalore based real estate firm Commonfloor for over $50 Million, as reported by Economic times. Three people who are familiar with the ongoing negotiations, have given some estimates of the numbers involved with the pay-out estimated to be worth about Rs 330 crore rupees. Commonfloor is seen as one of the pioneers of the on-line real estate scene of India. If completed, the merger will bring an end to the independent ambitions of commonfloor , which is involved MaxHeap Technologies and caused 57 million $, seven rounds of investors, such as Tiger Global, Accel India and the capital of Google, according to VCCEdge data acquisition platform VCCircle.

Related : Do flats in Naigaon have a good resale value ?

About Quikr

Quikr is a classified website competing with OLX. Its main categories are cars, real estate, jobs, household electronics and goods.  It recently started a quikr jobs platform to cater to blue-collar and entry level white-collar job seekers, with already 2.5 Million active candidate profiles and 1.6 Million jobs listed on the platform. Started in 2008 by Pranay Chulet and Jiby Thomas, Quikr was originally started as Kijiji India, later changed its name to quikr. It is among the first, start-ups valued at $Bn dollar. It has received investments from Tiger Global, Warburg Pincus, Steadview Capital and Norwest Venture Partners. Earlier this year, in April it had secured $150Mn funding from existing investor Tiger Global and eBay and fresh investment from Steadview Capital. It is a wholly owned subsidiary of Quikr Mauritius Holding.

Also read : Buying a flat in Naigaon

Flats for sale in Nakshatra greens and Primus Naigaon

 

About commonfloor

Commonfloor is one of the major real estate portals in India. Commonfloor competes with major online portals is real estate buying selling space like Housing.com, Makaan.com, Indiaproperty, Magicbricks, 99Acres and more.It was founded in the same year as the company it is now being merged with and is seen as one of the most successful start-ups in India. It recently acquired a chat platform Bakfy. Under this, the team joins the acquirer as Entrepreneurs-In-Residence and will work directly with the founders. Quikr too has similar instant chat platform, QuikrNxt that lets users chat or share something with everyone without revealing name.

The deal

CommonFloor was reported to be suffering losses to the extend of 47 crores and has been looking to raise funds even before this deal got under way with Quikr considering its cash burn rate has been high. According to filings with Registrar of Companies done by maxHeap Technologies, the parent of CommonFloor had cash reserves of about Rs 220 crore as of March 31. Its revenues at the end of 2014-15 were about Rs 45 crore while its expenses totalled nearly Rs132 crore, leading to a loss of about Rs 87 crore.

 

This means the company spent about Rs11 crore a month on average in 2014-15. It also had liabilities of about Rs 24 crore at the end of March 2015, which included aboutRs12 crore of trade payables. The money that Quikr will raise will be used to expand the reach of both the brands separately and grow the business. According to the CommonFloor website it lists over five lakh active property listings spread across 200 cities.

But sources say CNBC-TV18, pressure could compel Common Floor investors to accept lower valuations in the sale, reports CNBC-TV18 Priya Sheth.

Sources say the agreement could at approximately $ 120-150 million, were somewhat lower than Common Flooring gladly appreciated. This is because we know that investors are pushing for the sale to go through as quickly as possible.

Sources say that Tiger Global, which is a common investor in both companies are leading on-line discussions.

In recent months, things have not looked Common Floor as the company has struggled to raise funds and new investors on board.

While the contours of the deal, including stocks and cash component, still in development, we learn that the agreement with the Common Floor Quikr publish integrated house.

Quikr A spokesman said the company is to strengthen its focus on markets such as C2C, cars, real estate, jobs and services.

But this agreement, and therefore Quikr Common Floor said they did not want to comment on market speculation.

While the management of CommonFloor is looking for an external investor, and resisting the Quikr deal, investors have pushed for an acquisition which is now in the due diligence stage,” said one source.

The contours of the deal, including whether CommonFloor will operate as a subsidiary of Quikr are still being worked out.

ET could not independently verify the value of the ongoing deal. Quikr CEO Pranay Chulet did not reply to emails, calls or texts at the time of the report.

Navkar city Naigaon

Navkar city Naigaon

Navkar real estate in Naigaon

It is every man’s dream to own his own home.However in a city like Mumbai where real estate prices are ever increasing, it is a challenge for most individuals to find a home that they can call home.They are looking to find a home which they can afford and yet have all the facilities required to lead a luxurious life.Naigaon is fast becoming a location of choice for such home buyers.Hence there is a huge demand for residential flats in Naigaon.

Navkar Group is a company with a strong team of experienced real estate professionals with years of knowledge in the industry a wide range of knowledge and experience. Navkar Group is known for thier affordable housing in the township of Naigaon in Vasai Taluka. This project named “Navkar City” is like a dream come true for home buyers who want to build their own way of life within the limits of the budget while not moving very far away from the city limits.

Also read : List of resale flats in Naigaon

About the company

Navkar Realty was born from the dream and the vision of a young man about twenty years of Naigaon. Navkar City Phase 2 “is a program of affordable housing, world class modern facilities. Navkar City is located in Naigaon (East) .The prime location offers a unique combination of comfort and easy access to all services.

Navkar is made with the city’s world-class infrastructure and facilities. This is a ground floor and 12 residential cum commercial complex is available 2BHK, 3BHK and 1 BHK homes and businesses.

Flats in Unicorn global arena

The group’s plan, a new milestone “Navkar Green” residential cum commercial project, located 2.5 km from the station to date been directed at development. It can be said that almost a masterpiece of growth . The project 1RK, 2RK, 3Rk homes and businesses.

Navkar City is a residential project developed by Navkar Estate and Homes in Naigaon. The project consists of an entire township with designed residential 1 BHK, 2BHK and 3BHK apartments. The project is well connected by various modes of transportation like rail road etc. The site is very close to amenities like hospitals,schools etc

Navkar city Phase 1 and 2

Property description

Number of floors: G+12
Number of units: 1000
Number of towers: 14
Legal approval: VVMC

Distances from
03. Km from Rashmi Pink City Bus Stop
3.5 Km from Zp School
5.3 Km from The Sobti Hospital
1.9 Km from Axis Bank ATM
0.3 Km from Bank of Maharashtra

Other Features

Earthquake – Resistant RCC Framed Structure
Large open space with lush green landscape
Sewage treatment plant

Specifications – Navkar City Phase II

Vitrified Tiles in all rooms.
Anodized aluminum Sliding Windows with Lintel level Glazed Tiles.
Adequate Concealed electrical Points in all rooms with AC points in Bedroom & Living Room.
TV & Cable Points in Drawing room & Master Bedroom.
Main Door framed with Teakwood & laminated flush door with necessary locking facilities.
POP wall finish
Modular Kitchen
Granite Kitchen Platform with Stainless Steel Sink.
Glazed tiles above Platform up to beem level.
Additional Granite Service Platform.
2 X 2 Vitrified Flooring.
Superior Quality Flooring in Bed room.
Cupboard Space in Bedroom.
Toilet & Bathroom with Branded Accessories & tiles upto lintel level.
Geyser Point.
Flush Tank.

Please get in touch with us for more details about this project.

Navkar phase 1

mortgage loan approval

How to get a mortgage loan approved in minutes

Any individual who has experienced the trouble of purchasing a home and getting a home loan approved by the bank knows how to a great degree moderate and troublesome learning that is endorsed by your home loan lender.So is it conceivable to get a credit affirmed Yes, in almost cases no time, as indicated by a bank in USA.You now know, to get an advance from the bank or pay on-line for every one of those occasion blessings to make the process of getting a mortgage loan approved simpler.

Learn how to buy a home in Naigaon

Animate Loans, the third biggest home loan piece of the overall industry of the bank, has dispatched another site called Rocket week after week contract that permits clients to renegotiate or purchase a home in only eight minutes.Continuer rating, proposing that eight minutes of endorsement home loan process. It will take a touch longer to very the credit. The procedure, for instance, could be further postponed if the purchaser delays or other restrictive strides in the home loan procedure, for example, charges. Animate said the greater part of the advances that it is close, yet the 30 days or less.However even if the whole process may take 30 days or more, it is a real blessing to the customers that the approval process may not take more than a few minutes.

How it works

Lets take a look at how this system works and how it is beneficial to the borrower as well as the lender.The administration cut the discussion with the operators and the shopper credit, buyer acknowledgement of money related data specifically into the database . Rather than splitting melodies to continuous rates user.A adaptable pages in the protection application procedure is quickened in light of the fact that on-line hypothesiser utilizing information from distinctive sources and its auxiliaries control the data and the capacity to redetermine pay – ought to be upheld by the archives.This application looks into the credit history of the borrower also. Borrowers can physically enter credit rates in light of real costs to date. This permits the borrower to look at and modify their term hobbies of the home loan, the month to month salary from danger taking today and what sort of item you require or can manage. You can bolt the pace or to exit and begin the procedure again whenever wanted.

How it saves time and effort

Most borrowers have to run from pillar to post for many days or even months to get a home loan approved.Customarily, he gets one week to a while, endorsed a home credit, obviously, this in the wake of investing weeks if there should arise an occurrence of procurement of the first advance. On the other hand, this sort of home loan, purchasing an advance is a procedure that requires little time and exertion.It is this time that the customer saves to get the loan approved that leads to better customer satisfaction.

Since 2008, the customary loan specialists needed to contend with innovation in Silicon Valley who needed the rebuilding of lodging, the formation of organizations said aside from clients a normal of $ 8,000 on the off chance that you renegotiate endeavour shutting expenses that the procedure is streamlined retail home loan administrations . Different sites and on-line devices have developed to give more noteworthy straightforwardness to purchasers and renegotiating, and make practically anybody can break the numbers are just about the home loan mini-computer.

Despite the fact that you are just two or three catches, and an on-line home loan number cruncher and discover a start-up that was in contact with the moneylender, the principle result of the platitude that nothing is as large as the new administration. Adding machines diverse instances of shoppers that can not be genuine, and the formation of organizations and other non-bank loaning stages are not the sort of territory.

We can redo arrangements taking into account salary, capital, merchandise, items and costs, loan fees and endorsing rules. Achieve the framework is the best decision for each client. In a few cases. Genuine shine process.

The rate is the greatest point of preference. In any case, that does not imply that the endorsement under the home loan minutes short end of the street for buyers in the local business sector. The credit can be shut in a week, however as quick as the slowest suppliers, neighbourhood powers and insurance agencies.

The sooner it is really a home loan? In the occasion of recovery, couple of borrowers are willing to go, bags and move in only eight minutes, not two hours or two weeks. Once set up the financing can be useful quicker, however it doesn’t change the due date.

The stage, encryption and security watchman of the bank at 24.07, yet it is expected that wilful individual monetary data to outsiders makes new open doors for purchasers and individual money related data at danger.

Keeping in mind the end goal to empower outsiders to effortlessly seep through their own monetary circumstance, additionally to a rate of a home loan, there are worries that don’t as a matter of course realize what to enter.

Obviously, in the event that you don’t focus on anything official unless they achieve the end of the procedure and chose that the rate (once it’s affirmed.) And you can call a delegate who will help you through the system less demanding to utilize in light of the fact that it converged with the way of the Information required. Obviously, a stage, as it moderates the procedure is not as a matter of course a terrible thing.

Also, regardless of what the loan specialist can pick, it is imperative to check your credit before applying a home loan, on the grounds that in great hands in the best conditions. You can get a free yearly credit report from various sources.

So let us know what you think.Is it a feasible idea ?

How to pay off your home loan faster

Pay off your home loan faster

Applying for a home loan maybe one of the most important decisions an individual may have to take in his life.It can have huge implications on his or her financial stability because paying off a home loan means keeping aside a huge part of your monthly income for EMIs or loan instalments.When you consider the fact that home loans usually have a tenure of 10 or 20 years, an individual spends a significant amount of his life savings on a home loan.Owing money to the mortgage lender can be a huge financial burden for most people especially salaried individuals.Most home loans can be paid off in full any time during the tenure of the loan.There are various strategies you can use to pay-off your mortgage as early as possible.

payoff your home loan

Also read : Online portals Quickr and commonfloor to merge

 

Start Paying more

This is very straightforward and self explanatory.If you increase the payments of your instalments, you can significantly reduce the tenure of your home loan, although it is easier said than done.For most people, keeping aside some extra money to increase the EMI can be financially draining, however with a little discipline, it can be achieved.When you make the payments, it gets added to your principal balance and not just the interest amount.So it is wiser to pay more towards the loan amount during the initial phase of your loan tenure.

Residential apartments for sale in Naigaon

Align your instalments to your pay check

This can be a very effective strategy to make sure that your instalments are paid on time to make sure there are no defaults. For example if you get paid on the first of every month, make sure your EMI will be paid on the fifth or sixth of every month.If you get paid bi weekly, then align your mortgage payments in such a way that you are paying your instalments bi weekly.

Make frequent lump-sum payments

There are many banks which allow lump sum payments which gets credited to your principal balance. Individuals should take advantage of this facility and make payments whenever they get some bonus or incentives.This is a good way to reduce the tenure of your home loan.

Refinance to a bank with lower interest rates

Not all banks provide home loans at the same rates of interests.Various lenders have different rates of interest depending on the type of mortgage, credit rating of the borrower,age of the property etc. Find out which lender has the lowest interest rates for home loans and refinance your mortgage with them.

If you follow some of these tips, you can definitely reduce the tenure of your home loan and pay off your debts as soon as possible.