Amit Hotchandani on LinkedIn: Integrating smart technology to transform modern living (2024)

Unpopular opinion: Most “Luxury” real estate is just overpriced—Here’s what really defines true luxury in the city!Let’s be honest: Slapping a high price tag on a property doesn’t make it luxurious. Real luxury goes beyond fancy finishes and prime locations. It’s about features, amenities, and areas that truly elevate the living experience.Here’s what actually sets luxury real estate apart:1. Exclusive locations: It’s not just about being in the city center. True luxury lies in unique, highly sought-after neighborhoods with privacy, security, and stunning views.2. Bespoke design: Luxury isn’t cookie-cutter. It’s custom architecture, personalized interiors, and spaces that reflect the owner’s taste and lifestyle.3. World-class amenities: Think private elevators, rooftop pools, personal gyms, and concierge services that cater to your every need. Convenience and exclusivity are non-negotiable.4. State-of-the-art technology: Smart homes with cutting-edge automation systems that control everything from lighting to security—luxury means having the world at your fingertips.5. Unmatched craftsmanship: High-end materials, meticulous attention to detail, and finishes that exude sophistication. True luxury is in the quality you can see and feel.6. Prestigious neighbors: The company you keep matters. Luxury communities often attract high-profile residents, enhancing the property’s exclusivity and desirability.Don’t be fooled by properties with just a high price tag. In the world of luxury real estate, it’s about delivering an unparalleled living experience that goes far beyond the ordinary what we deliver at KOHINOOR GROUP.So, what defines true luxury for you?

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Even if you make 1 crore Rs/year, you still can't afford a home in Mumbai's luxury market!Yes! It's a hard truth to digest! 🤔 Mumbai's luxury housing market achieved its highest-ever half-yearly sales value of Rs 12,300 crore in the first half of 2024 {acc to India Sotheby's International Realty & CRE Matrix}This means an 8% increase from the same period in 2023, when sales stood at Rs 11,400 crore.Here’re the key factors driving this boom:🏠 Wealth accumulation: The Hurun Global Rich List reports a 51% increase in Indian billionaires, with 271 billionaires, many of whom are based in Mumbai.🏠 Infrastructure development: Unprecedented improvements in city infrastructure have opened new markets for luxury housing.🏠 Lifestyle upgrades: 24% of buyers from top luxury localities came from areas beyond South Mumbai, indicating a trend towards more luxurious living.🏠 Growing demand for larger spaces: Homes over 4,000 sq ft contributed 18% to overall primary sales in H1 CY'24, up from 13% in H1 CY'22.🏠 Diverse buyer demographics: While over half of luxury home buyers are aged 35-55, there's a growing segment of buyers aged 65 and above investing business gains into real estate.However, the sustainability of this trend remains questionable.🤔The luxury market's rapid growth could lead to a bubble if not matched by corresponding economic growth and income levels. Additionally, the concentration of wealth in the luxury segment may exacerbate housing affordability issues for the broader population.As Mumbai's luxury market continues to soar, it's crucial for potential investors and policymakers to carefully consider the long-term implications of this trend on the city's overall real estate landscape and socioeconomic dynamics.What are your thoughts on this price soar?

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6 common challenges (+ solutions) faced by homebuyers in Mumbai : 1. Budget constraints📍Challenge: Property prices in Mumbai, especially in urban areas, have skyrocketed. Many buyers struggle to find homes that fit their budget. Hidden costs like registration fees and maintenance charges often catch buyers off guard.💪Solution: Create a detailed budget that includes all costs - property price, taxes, registration fees, and maintenance. 2. Loan approval hurdles📍Challenge: Banks require extensive documentation and have strict eligibility criteria for home loans. Many buyers face rejection due to poor credit scores or incomplete paperwork.💪Solution: Begin by checking and improving your credit score. Gather all necessary documents well in advance - income proofs, bank statements, property papers. Seek pre-approval for your loan; it gives you a clear budget and strengthens your position with sellers. 3. Legal complexities📍Challenge: India's real estate laws are intricate and vary by state. Understanding property titles, land use regulations, and construction approvals can be overwhelming. Many buyers fall prey to legal issues due to lack of knowledge.💪Solution: Don't hesitate to hire a reputable real estate lawyer. They can verify property titles, check for legal disputes, and ensure all necessary approvals are in place.Pro Tip: Look for the projects that are pre-approved by the major banks.4. Location dilemma📍Challenge: Prime locations often come with hefty price tags. Buyers struggle to find the right balance between affordability and desirable neighborhood features like good schools, hospitals, and transportation links.💪Solution: Consider upcoming areas with planned infrastructure developments.Visit the locality at different times of day to get a real feel of the place.5. Builder reputation and delays📍Challenge: The real estate sector in Mumbai has faced issues with project delays and quality concerns. Home buyers risk investing in projects that may not be completed on time or up to promised standards.💪Solution: Do extensive background checks on builders. Look at their track record of completed projects. Check if the builder is registered under RERA. Read the fine print in your agreement, especially clauses about completion timelines and quality assurances. Consider ready-to-move-in or nearing completion properties to avoid construction delays.6. Market volatility📍Challenge: Real estate markets can be unpredictable. Factors like economic conditions, policy changes, and interest rate fluctuations can impact property values and loan costs.💪Solution: Consider the long-term potential of the property rather than short-term market fluctuations, but don't wait indefinitely for the 'perfect' moment.Remember, buying a home is a journey. Take your time, do your research, and don't be afraid to ask for help from KOHINOOR GROUP. Have you faced any of these issues in your home-buying journey?

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Did you know since 1947, India's urban population has grown from 17% to over 35%, driving massive changes in our housing landscape?As we celebrate India's 78th Independence Day, let's reflect on how far we've come in the real estate sector! Here are 3 ways Indian real estate has evolved:1. Affordable housing: Government initiatives like PMAY have made homeownership a reality for millions.2. Smart cities: We're not just building homes, but entire ecosystems with integrated technology and sustainability.3. FDI in real estate: From ₹0 in 1947 to over billions today, foreign investment has transformed our skylines.At KOHINOOR GROUP, we're proud to be part of this journey, helping 500+ families find their dream homes in 2023 alone and the only developer in Kalyan to deliver 1350+ affordable houses in 2024.As we look to the future, we're committed to innovative, sustainable development that honors our past while building for tomorrow.What's your vision for India's real estate future? Share in the comments!#Independenceday2024 KOHINOOR GROUP

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Moving to Mumbai and buying a house? As seasoned real estate professionals, we've at KOHINOOR GROUP helped countless families make this transition. Here are our top tips for a smooth experience:1. Neighborhood matters: Research areas that fit your lifestyle. Remember, it's not just about the house; it's about the community.2. Budget wisely: Mumbai's real estate can be pricey. Consider innovative options like our balcony conversion solution that cost Sukhbir ₹60 lakhs, a tall order in a city where average 3BHK prices hover around ₹1 Crore.3. Check connectivity: Evaluate proximity to public transit, major roads, and your workplace.4. Future-proof your investment: Look for areas with planned infrastructure developments. They often lead to property value appreciation.5. Embrace technology: Use virtual tours to shortlist properties. It saves time and helps you make informed decisions.6. Legal due diligence: Ensure all property documents are in order. Our expertise can guide you through this crucial step.7. Consider amenities: Look for developments offering lifestyle amenities within the community. It's a growing trend in Mumbai.8. Home Loan: Look for an expert who can help you get the best deal. Even a marginal difference in % of Home Loan interest can help you save substantial amounts of money.Remember, buying a home in Mumbai is more than a transaction; it's about crafting your lifestyle.Ready to make your move to Mumbai? Let's connect and turn your house-hunting journey into a success story with KOHINOOR GROUP!#mumbairealestate #homebuyingtips

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At KOHINOOR GROUP, we believe that construction is more than just building structures—it's about creating homes, nurturing dreams, and shaping futures. In our latest video, we invite you to experience the heart and dedication that goes into every project we undertake.🏗️ Journey with Us:From Vision to Reality-Witness the incredible transformation as raw materials evolve into breathtaking architectural marvels. -Each project begins with a dream, and our team works tirelessly to bring that dream to life, ensuring that every detail reflects the unique vision of our clients.Passion and Precision-Our skilled team is the backbone of KOHINOOR GROUP, and their unwavering commitment to excellence is what sets us apart. -They pour their passion and expertise into every brick and beam, making sure that each project not only meets but exceeds quality standards. -We understand that your home is a reflection of who you are, and we take that responsibility seriously.Inspiration and Insight-Whether you're planning your own construction project or simply love to see the art of building in action, our video offers valuable tips and insights. -Discover how attention to detail and a focus on craftsmanship can make all the difference in creating a space that's truly special.At Kohinoor Group, quality is more than just a promise—it's a heartfelt commitment to you and your dreams. We take pride in being the preferred choice for clients who demand the best in construction quality, and we're honored to be a part of your journey.If you're ready to elevate your lifestyle at an affordable price, and want to work with a team that truly cares about your vision, reach out to us today. Let us help you create a space where memories are made and dreams come true.

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Ever wondered how you can select rental properties that consistently deliver strong returns? 🤔It's all about a strategic approach based on these key parameters:☑Location, Location, Location: Prime areas with high demand and accessibility are our sweet spot.☑Property Type and Size: We carefully analyze market trends to identify the most sought-after property types and sizes.☑Rental Yield and Appreciation Potential: A healthy balance between immediate income and long-term property value growth is essential.☑Tenant Profile and Market Demand: Understanding our target tenant and ensuring a steady stream of demand is crucial.☑Maintenance and Management Costs: Efficient property management and controlled expenses are key to maximizing returns.Let me share KOHINOOR GROUP's quick focus...🏠We constantly help our clients identify a promising location with rising rental demand.🏠By focusing on a specific property type that is aligned with the market, we enable them to help them secure tenants quickly and achieve a higher rental yield.🏠This, coupled with the property's appreciation potential, results in a substantial return on investment.Remember, successful rental property investment is not just about buying a property; it's about making informed decisions based on solid data and market insights.#rentalpropertyinvestment #realestate #investing #propertymanagement #rentalincome #financialgoals #realestateinvestor #investmentstrategy #propertyowner

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Broker misled the customer leading to loss of 50 lakhs!As a seasoned real estate owner, I've seen it all. One of the most common tactics used by brokers to push specific properties is to exaggerate their benefits.I recently encountered a broker aggressively promoting a project in which the payout was relatively higher.While the brokers are the key stakeholders of the Real Estate buying process , beware of these misleading claims by few brokers who are not registered on MahaRera:“This area will be the next hotspot"☑ Overhyped location promises are common.☑Always do your own research on future developments and infrastructure plans."Prices will double in the next 5 years"☑Unrealistic price appreciation predictions are designed to create urgency.☑Verify market trends independently."This is the last available unit"☑Creating a false sense of scarcity can pressure buyers into hasty decisions.☑Explore other options of the same group."Ignore the competition; this is the best deal"☑Comparative analysis is crucial.☑Don't be swayed by one-sided comparisons.Remember,☑Due diligence is key.☑Don't let flashy marketing or high-pressure tactics cloud your judgement.☑Always visit the property, understand the neighbourhood, and compare prices.☑Verify all the details of the project on MahaRera website#realestate #homebuying #buyerbeware #realestateagent #propertyinvestment #homeownership #realestatetips #kohinoor #duediligence #MahaRERA

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As a seasoned real estate industrialist with 12 years of experience under my belt, I've learned that success in this field is all about seeing beyond the obvious. Here I’m sharing some insights that have guided my decision-making process over the years:1. Quality of residential areas (The heart of real estate)When evaluating a property, I always start with the neighbourhood. It's not just about the house; it's about the community. Here's what I look for:☑ Safety: Crime rates and police presence are crucial indicators.☑ Schools: Good schools boost property values and attract families.☑ Future Development: Are there plans for new infrastructure or businesses?☑ Community Spirit: Vibrant neighbourhoods with active residents' associations are gold.2. Environmental considerations (The future of real estate)Here's why I prioritize environmental considerations:☑ Sustainability: Energy-efficient buildings are not just trendy; they're cost-effective.☑ Natural disaster risks: Assess flood plains, earthquake zones, and wildfire risks.☑ Green spaces: Properties near parks or nature reserves often appreciate faster.☑ Air & water quality: These directly impact residents' health and property values.3. Accessibility & amenities (The convenience factor)Here's what I consider:☑ Transportation: Proximity to public transit, major roads, and airports.☑ Shopping and Services: Easy access to groceries, healthcare, and entertainment.☑ Job Centers: Properties near employment hubs are always in demand.☑ Cultural Attractions: Museums, theatres, and sports venues add value to an area.4. Showcasing expertise (A monthly focus)To stay at the top of my game, I dedicate each month to honing a specific skill. This month, I'm diving deep into sustainable building practices. Here's why:☑ Cost savings: Learning about energy-efficient technologies helps cut long-term costs.☑ Market demand: Eco-friendly properties are increasingly popular among buyers.☑ Regulatory compliance: Staying ahead of environmental regulations is crucial.☑ Innovation: Exploring new materials and methods keeps our projects cutting-edge.In conclusion, success in real estate isn't just about buying and selling properties. It's about understanding the intricate factors that make a property valuable.What aspects of real estate evaluation do you find most crucial?#realestateinsights #propertyevaluation #sustainableinvestment

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