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Mumbai Developers Prefer Non-Bollywood HNIs for Boutique Real Estate Projects

Luxury real estate developers in Mumbai are increasingly selective when selling boutique properties, favoring industrialists and high-net-worth individuals (HNIs) over Bollywood stars. The demand for privacy and exclusivity among affluent buyers is reshaping the sales strategies of these developers.

High-End Buyers Seek Privacy Over Celebrity Exposure Mumbai’s luxury real estate market, particularly boutique developments with apartments priced over ₹50 crore, is witnessing a shift in buyer preferences. While Bollywood stars often make headlines for their real estate acquisitions, developers are cautious about selling to them due to the attention that follows.

A developer involved in a luxury sea-facing project in Central Mumbai, with apartment prices ranging from ₹50 crore to ₹100 crore, stated, “Our target clients value privacy. Selling to Bollywood stars early in the sales cycle could deter other HNIs from purchasing due to increased media and fan presence.” Bollywood Stars Not Always the First Choice for Boutique Projects Developers are particularly hesitant to sell to Bollywood stars in the early phases of a project. Many prefer to finalize sales with industrialists, CEOs, and CXOs first, reserving deals with celebrities for the end of the sales process. This approach minimizes the risk of deterring privacy-conscious buyers.

A developer in Bandra shared, “Selling to a Bollywood star can bring constant paparazzi attention, which many buyers in these exclusive developments prefer to avoid. While stars express interest, our priority is to ensure the privacy and comfort of other residents.”

Differing Preferences Between HNIs and Bollywood Buyers The preferences of HNIs and Bollywood celebrities often differ. Industrialists and corporate executives typically seek larger properties, ranging from 8,000 to 16,000 square feet, and prefer low-profile buildings. In contrast, Bollywood stars usually look for smaller, boutique-style apartments that offer convenience without compromising on luxury.

According to Fatima Saidi, Luxury Head at ANAROCK, “Boutique projects often attract Bollywood stars because they offer smaller, more personalized units. However, in areas like Worli, industrialists dominate the market, while Bandra and Juhu remain celebrity hotspots.”

Real Estate Investments by Bollywood Celebrities Continue to Rise Despite these challenges, Bollywood stars remain significant players in Mumbai’s real estate market. Data from SquareYards shows that celebrities favor both residential and commercial properties, with residential real estate accounting for 62% of transactions by HNIs and celebrities. Commercial real estate is also gaining traction, with stars investing in properties for rental income and portfolio diversification.

Between 2020 and 2024, prominent Bollywood figures like Amitabh Bachchan, Jhanvi Kapoor, and Ranveer Singh made substantial investments in Mumbai’s luxury real estate. Amitabh Bachchan alone invested ₹194 crore, with others following closely behind.

Conclusion While Bollywood stars are still major investors in Mumbai’s luxury real estate, developers of boutique projects are increasingly prioritizing HNIs from non-film backgrounds. The need for privacy and the desire to avoid media attention are driving this trend, reshaping the dynamics of Mumbai’s high-end property market.

[sqft-2022]

6 Tips to Pick the Right Real Estate Agent in Uttarakhand

Are you a first-time homebuyer? Or you are thinking of selling your property in Uttarakhand?  Here’s why hiring a seasoned real estate agent in Uttarakhand could be your smartest move. 

The process of buying and selling a plot or house could be complex work especially if you’re doing it by yourself. Choosing the right real estate agent to manage all of these things for you could be a better option. 

Keep reading for a breakdown of ways to find an agent, crucial steps to take before hiring an agent, and tips to choose the best real estate agent for you.

What does a real estate agent do?

A real estate agent, also known as a Realtor, is a licensed professional who facilitates the buying, selling, or renting of real estate properties. Their primary role is to act as an intermediary between buyers and sellers, helping them navigate the complex process of real estate transactions.

Types of real estate agents

Broadly real estate agents are of three types- Seller, Buyer, and dual agents.

Listing agent or selling agent- Seller agents, also known as listing agents, are tasked with helping homeowners sell their properties. They specialize in marketing, negotiating, determining listing prices, and facilitating the transaction to ensure the best outcome for the seller.

Buying Agent- On the flip side, buyer agents represent those looking to purchase real estate. They assist in finding suitable properties, negotiating offers, and guiding buyers through the intricate process of closing a deal.

Dual Agent- A dual agent represents both the buyer and the seller in the same real estate transaction. This situation can occur when an agent or their brokerage represents both parties or when two agents from the same brokerage represent the buyer and the seller. A good dual agent must be impartial and treat both parties fairly.

6 Tips To Find the Right Real Estate Agent In Uttarakhand

Learn how to find a real estate agent in Uttarakhand. Explore these six points before making any decision regarding agents.

1- Do Research

Before committing to an agent, invest time in comprehensive research. Online platforms, such as real estate websites and social media, can offer valuable insights into an agent’s reputation, client reviews, and overall performance. You can also search online on sites like Magic Bricks, IndiaMart, justdial, and Squareyard to find good real estate agent in Uttarakhand and other specific places.

2- Look for local real estate agent in Uttarakhand

It will be best to choose someone from locally as local agents have much more knowledge about the property than any other agents from different locations. So if you’re an outsider, finding a good property dealer in places like Uttarakhand, try to connect with a real estate agent in Uttarakhand for better results.

3- Real Online Reviews Matter

Reviews provide insights into the agent’s professionalism, effectiveness, and overall client satisfaction. Don’t trust blindly overly positive or excessively negative reviews. A balanced review is often more credible. If a review lacks detail, consider reaching out to the reviewer for more specifics. Don’t rely solely on reviews, consider other points mentioned below.

4-Check to license and credentials

Ensuring that your chosen agent is licensed and has the necessary credentials is crucial. Check the state’s website for licensing or to know other details.

5- Check experience 

Experienced agents build strong networks within the industry. Look for dealers who have a history of not only completing deals but achieving favorable outcomes for their clients. Evaluating these things is a crucial step in finding the best real estate agent.

6- Face to face meet up 

In the process of selecting a real estate agent, a face-to-face meetup is a valuable step to personally connect with the agent and evaluate their communication skills. 

To Make the Most of the Face-to-Face Meeting

Prepare Questions- 

💡What is your level of experience in the real estate industry?

💡How do you plan to market and showcase my property to potential buyers?

💡In what types of properties do you specialize?

💡Could you provide references from clients you’ve worked with in the past?

Asking these questions during your face-to-face meeting will provide a nuanced understanding of the agent’s qualifications, strategies, and how they approach the various aspects of the real estate process.

Bonus Tip

Know about agent fees– Real estate fees are often negotiable, and it’s perfectly acceptable to discuss and come to an agreement that suits both parties. A reputable agent will be transparent about their fees from the beginning. They should clearly explain what services are covered by the fees and any additional costs that may arise. 

Steps to follow before hiring a real estate agent

Understanding the loan process- Getting pre-mortgage approval is important before hiring any real estate agent. This involves consulting with a lender who assesses your financial situation and provides an estimate of how much you can borrow. Pre-approval not only gives you a clear budget but also makes you clear on utilizing your precious time on affordable properties.

List housing priorities- Clearly define your housing priorities before engaging with a real estate agent. List the features and characteristics you desire in a property, such as the number of bedrooms, location preferences, amenities, and any specific requirements.

Start early searching for an agent – Start your search for an agent early in the process. Explore real estate websites, social media platforms, and agent directories. Look for agents with positive reviews and their working experience.

Conclusion 

Begin by exploring online reviews, asking for recommendations from friends and family, and attending open houses to observe agents in action. By following all the points mentioned in this guide one can choose the best real estate agent in Uttarakhand.

Discover the finest property deals in Uttarakhand with Square Foot Investor – your trusted real estate partner. Contact Square Foot Investor now.

FAQs –

(Frequently Asked Questions)

What are the Benefits of hiring a real estate agent

Real estate agents have a better understanding of the market and current trends also they have contact with large constructors and industrialists.

Is there any good real estate agent in Uttrakhand, Kotabagh?

Yes, Square Foot Investor is one of the best property dealers in Kotabagh, Uttarakhand.

How do I know if an online review is genuine?

Look for specific details in reviews, and consider the overall sentiment. Multiple reviews mentioning similar experiences are likely to be authentic.

How to find the best realtor in your area?

To find the best real estate agent in your area -search online, ask a friend to refer any good agent for you, or do it on your own by researching and checking experience, skills, and expertise.

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Real Estate Investment on Plots in Hyderabad: Uncover the Potential with Squareyard Solutions

Real Estate Investment on Plots in Hyderabad: Uncover the Potential with Squareyard Solutions. Introduction: Are you considering real estate investment in Hyderabad? One promising avenue to explore is investing in plots. With its rich history, impressive statistics, and the expertise of Squareyard Solutions, finding the right plot for investment has never been more exciting. In this article, we…

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Godrej Plots Sonipat has an overall wide variety of plots as 750. It has three facet open projects and has 6 acres of wooded area. It comes with 2 Grand clubhouses and with basic amenities. It has centrally positioned retail plaza and to pinnacle it all it has suitable connectivity to Delhi  border. It is one of the first ever motel topic plots development in Haryana country. The project makes a big distinction with region benefit, nature topic plots and with stunning gardens. The amenities include a barbecue quarter, meditation space, lawn of colorings, perfume garden. It has end result garden, water characteristic, swimming pool and multipurpose corridor. The task has top class plots on offer which comes with plot sizes of 109 sq.Yards to one hundred eighty squareyards. The development is close to Haryana multi-speciality hospitals, MG Mall, Murthal with its well-known dhaba and meals junction. It has Jurrasic amusement  park, OP Jindal Global University and Delhi Public faculty inside a few kilometres. The development connects with first-class of the highways and is likewise within proximity to IGI Airport, Jewar airport.More Extra help visit my site:- https://godrejplots.in/godrej-green-estate/

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REAL ESTATE PUNE

As we all know while moving to the city we think about many things like how can we find a home or job to survive. So I am gonna suggest you a few options with good income and investment. 

First of all, there are many real estate jobs in Pune you can join. If you are fresher or experienced search for real estate companies in Pune and schedule your interview. They will pay well for sure. Some companies apply for

Top real estate companies in Pune:-

A R Infrabitcon real estate

Squareyards

My home real estate 

Sakshi real estate

Global realtors

Choice us realtors

Sankalp consultant & real estate

After joining one of the best companies you will save a huge amount and then shift to your own home from a rented home with your family and settle down. This is all a man wants. 

But finding a home in a metro city like Pune is quite a difficult job. It will just waste your time and energy. 

Better you go for A R INFRABITCON REAL ESTATE. This is the best real estate company in wakad, Pune. without any kind of stress, they will explain the process on call or organize a zoom meeting as per your availability to give you all the details. They are not like other realtors. They will give you possession of your home as promised. Even if you have any financial problems they have one more option i.e. home loan. Sounds good right?  They made this home loan process very because they know how your hectic schedule is. Find you a perfect home is their only motto. 

They provide you convenience with and luxury. Their properties are lavish with extraordinary facilities. All you have to do is sit back and relax. It is all on them. So now it is not that hard to move to another city. You have A R INFRABITCON with you.

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Noida Real Estate | Property in Noida

Noida Real Estate

Noida – a planned city – is a satellite city of Delhi and is a part of NCR of India. It has also received “Best City in Housing” award in the past and it also replaced Mumbai as the 2nd best realty destination, according to an analyst report. Putting your money in Realty for investment purpose or for living purpose is going to be fruitful.

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HMDA Approved 3BHK Flats at Bandlagiri Jagir | near Suncity, Appa junction For More Details Contact: 9581192424 Visit Our Website: http://www.arpropertieshub.com/ #investmentproperty #apartments #villas #newlisting #property #land #forsale #properties #villa #acres #realestate #gatedcommunity #near #realtor #realestateagent #residential #squareyards #hmda #realty #househunting #hmda #newhome #investment #offer #hyderabad #project #home #pipeline (at AR Propreties Hub) https://www.instagram.com/p/B8yIYcSFWMq/?igshid=kmj4vwv2vyoy

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Maharashtra Stamp Duty Cut may significantly boost realty sector

The Government in Maharashtra has affirmed a 3% cut on property enlistment for stamp obligation between first September and 31st December, 2020. The stamp obligation in Maharashtra 2020 warning obviously expresses that the Maharashtra stamp obligation rates will be less expensive by 2% between January 2021 and March 2021. The investment funds will be very high since an individual purchasing a home valued at Rs. 50 lakh in Mumbai will normally save at any rate Rs. 1.5 lakh while this will shoot up to Rs. 3 lakh for a property evaluated at Rs. 1 crore.

The decrease of stamp obligation on land area will unquestionably support development in the property market all through the State. Beforehand, stamp obligation charges remained at 5% for significant urban communities like Pune, Mumbai, Nashik and Nagpur while they floated at 6% in different urban areas. Add to this the way that land designers have revealed numerous merry offers and limits. This will boost a few fence-sitters to at long last buy their homes. A decrease of 2-3% is significant for purchasing property in an expensive city like Mumbai or Pune. Paces of interest are likewise at their most minimal levels in just about 10 years now.

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Real Estate Investment Options in Hyderabad: A Comprehensive Guide by Squareyard Solutions

Invest Wisely.

Real Estate Investment Options in Hyderabad: A Comprehensive Guide by Squareyard Solutions. Introduction: As the thriving city of Hyderabad continues to witness rapid growth and development, the real estate market in the region has become an attractive avenue for investors. With numerous opportunities available, it can be overwhelming to navigate the vast array of options. That’s where…