Housing demand witnesses an uptick across the key locations in south Mumbai
The property registrations in 2022 have scaled a new peak in the country’s most expensive real estate market- Mumbai. The highest stamp duty collection was Rs. 1,131 Crore in March 2022 in comparison to the Rs. 875 Crore in March 2021, a time when home buyers were taking advantage of the low stamp duty during the pandemic.
On analyzing the buying trends in early 2022, it has been observed that the sea-facing luxury flats in Mumbai are seen as an asset by many mainly due to the high construction activity and infrastructure development in the centrally located parts of south Mumbai such as Worli, Dadar, and Prabhadevi.
Homebuyers have now shown keen interest in purchasing residential properties due to low-interest rates, stable pricing, and healthy wage growth. While most sales across the property markets have been in the sub- 50 Lakh category, many buyers have shown keen interest in luxury residential properties worth Crores. This category saw about a 25% increment from last year’s 18%.
Home buyers’ investment in residential properties is witnessing a rise in the 3 BHK and 4 BHK flats in south Mumbai. This rise in demand is due to the awaited offline academic year for the schools and colleges and those working offline from offices.
The trend among home buyers has been towards locations that have good connectivity, social infrastructure in the form of schools, colleges, hospitals, shopping complexes, hangouts, provision stores, and other conveniences close at hand. Physical infrastructure such as connecting roads, commutes, and transport facilities garner a high liveability score.
Residential areas that are centrally located, such as Worli, Dadar, Prabhadevi, and Mahim, are considered for their reputed education institutes, railway stations, easy commute by road, and offices. Homes closer to infrastructure development like the coastal road, upcoming metro, Bandra Worli Sea Link, or the Worli Sewri Elevated Corridor are also in high demand.
For many homebuyers, investing in residential projects is based on the choices of reputed schools, commute, and infrastructure development that improve the quality of life. Homes such as those in Vraj Tiara at Veer Nariman Marg in Worli not only give one the access to a luxury lifestyle with their rooftop amenities such as a jogging track, cafeteria, mini-golf strip, sky lounge, and a dedicated gym on the 24th floor but also offers effortless commute to commercial hubs, a few minutes away from Bandra Worli Sea Link and the upcoming Coastal Road.
This, in conclusion, 2022 home-buying trends have shifted to centrally located larger homes for the convenience of the family members and the convenience of being conscious living of a fulfilled lifestyle caused by the pandemic.
This printed material does not constitute an offer or contact of any nature whatsoever between the Promoter/Developer and the recipient.
This project by Vraj Realtors is an ongoing project registered as Vraj Tiara under registration No. P51900002902 with Maharashtra Real Estate Regulatory Authority. All transactions shall be subject to the terms and conditions of agreement for sale to be entered between the promoter and the recipient. All rendered visuals, images and maps are artist’s conception and for illustration purpose only unless otherwise mentioned. Developer does not warrant or assume any legal liability for the accuracy, completeness or usefulness of any information disclosed. All colours, furniture, fixtures shown are for aesthetic representation purpose only and are not part of the flat offered for sale (bare shell apartment).
INTELLECTUAL PROPERTY RIGHTS
We are the owner or the licensee of all intellectual property rights in our sites, and in the material published on them. You acknowledge and accept that all of the copyright, database rights and any other intellectual property rights which subsist in the design, layout, processes, functions, data and content of our sites are the property of Vraj Realtors or our licensors, information providers or contributors and we reserve all our rights in the same. No part of our sites, their content or any of their underlying software and databases may be copied or reproduced, shared with third parties, reverse engineered, reverse assembled, or used to create any derivative work (whether in physical or electronic form) without our prior written consent.
You may print off one copy and may download extracts of any pages from our sites for your personal use and you may draw the attention of others within your organisation to content posted on our sites.
You must not modify the paper or digital copies of any materials you have printed off or downloaded in any way, and you must not use any illustrations, photographs, video or audio sequences or any graphics separately from any accompanying text.
Our status (and that of any identified contributors) as the authors of content on our sites must always be acknowledged. You are not permitted to publish the contents of our sites including but not limited to publication on any other website or computer environment. You must not use any part of the content on our sites for commercial purposes without obtaining a license to do so from us or our licensors.
If you print off, copy or download any part of our sites in breach of these terms, your right to use our sites will cease immediately and you must, at our option, return or destroy any copies of the materials you have made.
INTELLECTUAL PROPERTY RIGHTS
We do not guarantee that our sites will be secure or free from bugs or viruses. You are responsible for configuring your information technology, computer programmes and platform in order to access our sites. You should use your own virus protection software. You must not misuse our sites by knowingly introducing viruses, trojans, worms, logic bombs or other material which is malicious or technologically harmful. You must not attempt to gain unauthorised access to our sites, the server on which our sites are stored or any server, computer or database connected to our sites. You must not attack our sites via a denial-of-service attack or a distributed denial-of service attack. By breaching this provision, you would commit a criminal offence under the Information Technology Act, 2000. We will report any such breach to the relevant law enforcement authorities and we will co-operate with those authorities by disclosing your identity to them. In the event of such a breach, your right to use our sites will cease immediately.
Where our sites contain links to other sites and resources provided by third parties, these links are provided for your information only. We have no control over the contents of those sites or resources. We assume no responsibility for the content of websites linked on our sites. Such links should not be interpreted as endorsement by us of those linked websites. We will not be liable for any loss or damage that may arise from your use of them. You may link to our home page, provided you do so in a way that is fair and legal and does not damage our reputation or take advantage of it. You must not establish a link in such a way as to suggest any form of association, approval or endorsement on our part where none exists. You must not establish a link to our site in any website that is not owned by you. Our site must not be framed on any other site, nor may you create a link to any part of our site other than the home page. We reserve the right to withdraw linking permission without notice. If you wish to make any use of content on our sites other than that set out above, please contact
OTHER APPLICABLE TERMS
If you are a consumer, please note that these terms, its subject matter and its formation, are governed by Indian law. You and we both agree that the Courts of Mumbai, India will have nonexclusive jurisdiction
TERMS & CONDITIONS
It is presumed that the visitor has read the details, contents, information, material, etc. of this website and is deemed to have agreed, understood and accepted unconditionally all the details, contents, information, material and risks of logging onto the website and cannot claim ignorance of any or all of them at anytime. The relationship of any visitor logging onto this website where-ever situated shall be governed by and in accordance with the laws and jurisdiction of Mumbai, India.
The visitor hereby agrees that the use of service provided by Vraj Tiara is at the visitor’s own risks and Vraj Tiara shall not be liable and/or responsible for the same. No advice or information whether by representation oral, written or pictorial derived from the site or through the service shall be construed to mean the giving of any warranty of any kind by Vraj Tiara.
On submitting information or giving his/her/their name, address, email addresses, etc. as identification to Vraj Tiara through the website, on phone, fax or e-mail and by the act of logging onto the website the Visitor has deemed to have consented and has hereby expressly and irrevocably authorized Vraj Tiarato use, reveal, analyze or display and transmit all information and documents as may be required by it. Vraj Tiarahas the right to take any legal action as it deems appropriate if the visitor has not provided true, accurate and complete information about himself/herself.
Vraj Tiara does not warrant that the details, contents, information, materials including electronic communication, etc. sent from this site will be free of viruses or other harmful components and Vraj Tiara shall not be responsible or liable for any express or implied warranty or any errors and mistakes or defects of any nature whatsoever and/or for any damage/s of any kind whatsoever from the use of this site or from any the details, contents, information, material electronic communication, etc.
The visitor shall not use or post any computer programs in connection with his/her use of this website that contains destructive features such as viruses, anomalies, self-destruct mechanisms, Trojan horses, time/logic bombs, worm, etc.
At all times Vraj Tiara reserves the right to terminate, revoke, modify, alter, add and delete any one or more of the details, contents, information, material, etc. of this website without any prior notice or obligation to the visitors and the visitor shall be bound by such amended details, contents, information, materials, etc. of this website.