thedynamixgroup

[thedynamixgroup]

In today’s highly informed, hyper-cynical, investment-crazy world, we are constantly on the lookout to safeguard ourselves. We are taught from a young age to save- it starts with our piggy bank, soon taking the shape of an app; the jingle of our coins quickly turning into the pinging of notifications. So, as we go from that tangible saving, we can touch, to numbers on a screen locked away behind ministerial procedures, it’s important we adapt to investment opportunities that may not have been considered, previously.

So, which is the better investment, real estate or stock market? The answer is both. Each has its benefits, and each has its drawbacks, and what informs your exact allocation towards either is you- your short and long-term goals, your financial situation, and the fundamental anchor of it all- your risk tolerance. It would be crude to state that any investment is devoid of emotion because each number correlates to your hard work, and this in turn is a key part of your attitude toward risk.

For people looking for greater liquidity on their investment, possibly unable to tie their funds into the long game, the stock market makes for a very enticing route. Markets see extreme corrections and growth year on year, something that real estate does not. Real Estate grows at 10% or 20%, whereas the stock market can see growth of 50% and upwards. So, if a potential quick buck is a deciding factor, stocks can be the more lucrative option, but beware of the pains of market volatility especially in the short term!

It’s often regarded by seasoned investors to take careful risks; oxymoron indeed. No investment is without its risk, but none is as volatile as the stock market. There’s a bleak saying that comes to mind- the higher you climb, the harder you fall. That’s not to deter from investing in exciting stocks, but to consider the substantial risks involved. It is widely thought that the best mitigant to risk is diversification and that is where an allocation to real estate can come into play.

Now consider Real Estate Investments, a tangible asset, and as we are often told, land appreciates over time. Over the past decade, property investment in Mumbai was on an incline, visible in the influx of high-rise structures peppering the skyline. An unfortunate reality is that a number of projects in Mumbai also faced regulatory changes and delays, and in some cases stalled entirely. In such cases, investors in those projects were strapped and liquidity became a significant issue, however, the tangibility of the property as a piece of land still retains a value, which is not always the case with stocks. One of the greater risks associated with investing in real estate is the large investment for a longer timeline, which leaves your investment tied up. That said, much like the stock market, provided everything goes well, investing in property allows you to utilise your investment to supplement your existing income. A 2 BHK in Mumbai is one of the most popular configurations of flats with young professionals, and newer generations, making renting out the properties and collecting a steady yield a far more stable strategy for longer periods of time.

Investing in tangible assets also allows your investment to work for you until you are ready for it. Ask any developer in Mumbai and they’ll talk about repeat customers, people who have already entrusted the developer to deliver their project and are willing to invest again, not for their own use but to create value in their portfolios for today, and security for tomorrow. One of the main reasons we hear of people investing in real estate is to safeguard their future for themselves and their families so that there is always a nest egg to fall back on should they need to.

To conclude, there are pros and cons to both- and no entity can dictate explicitly which is the more lucrative route. What we can agree on is that the answer should theoretically be both. Diversification of wealth protects you from the uncertainty of how well your hard-earned money will perform. When the stock market is performing badly, your real estate investment can be a cushion but that is not to say that real estate is effectively risk-free. Nothing is. Stock market and real estate behave differently and, in a world full of uncertainty, such diversification offers you the best chance at protecting your wealth.

So, the answer should be both, the question however lies in how much. What percentages do you allocate to each, and that depends on you.

Disclaimer: The content of this webpage is not investment advice but reflects the views of the author, and does not constitute any offer or solicitation to offer or recommendation of any investment product. Please consult your financial advisor before investing.

[thedynamixgroup]

By now, most of us have acclimatized ourselves fully to a new way of living, which includes working from home and exercising at home instead of stepping out for the gym or office. With that in perspective, how have things shaped up in home-buying after the pandemic? Indeed, the home buying process is not immune to the changes brought in by the pandemic. It is set to transform how buyers search and purchase their homes in the future, be it for residence or investment.

If you are thinking of making this important purchase post-pandemic, here are some tips that will help you in the process:

Decide if You’re Ready

Don’t make the pandemic and the possibility of getting a good bargain the sole reason for buying a home now. There are a lot of other, more important, factors to consider, such as your financial standing, career goals, and location. These factors will determine the type of home you buy, where you buy, and whether you are ready to take the leap from renting to paying regular EMIs for the long haul. There are a number of 2 bhk flats in Thane, which are easy on the pocket and offer the indubitable luxury of owning a fine home in a great location.

Check Your Credit-Worthiness

Make an honest appraisal of your credit score as this will determine the amount of EMI you can realistically pay to own your home of dreams. It will determine what loans and interest rates you qualify for, and who knows, you may qualify for more than you thought. That said, don’t go out of your budget and make a rash decision that you may repent later on.

Consider the Location

Thanks to the extensive acceptance of work-from-home culture, many young families and working professionals are actively considering relocating to their hometowns. In the face of the uncertainties brought on by pay cuts and layoffs, reverse migration saves the money spent on the high cost of living in metropolitan cities as well as gives the emotional comfort of living with family. Indeed, this shift seems like a wise decision, both in terms of economic and physical wellness.

Integrated Townships are a Good Choice

Integrated townships are spread over large tracts of land, providing a better quality of living to their residents. It also offers an array of housing options to suit different needs. These townships are either close to all the daily conveniences, such as grocery stores, pharmacies, banks, post office, petrol pumps, etc., or have the same within their premises. A report by Ernst & Young stated that post-COVID-19, self-sustainable integrated townships could become the preferred choice of prospective homebuyers. Indeed, with work-from-home culture, outside air pollution, and social distancing becoming the norm, it is not hard to guess why.

Equity Toward the Future

While job uncertainties and pay cuts certainly make home-buying an intimidating financial decision, your home may not only return your investment but net you a profit in the long run. As opposed to paying your monthly living expenses to a landlord, owning your own house, and paying off a loan instead allows you to build equity over time. This makes homeownership a wise choice of an asset for wealth building and protection in case of future emergencies, especially when you invest in one of the new projects in Thane.

[thedynamixgroup]

The first quarter of 2023 has been an interesting one for real estate, pan-India. For the first time since the Pandemic years, the industry has seen an increase in the year-on-year growth of 50% in residential real estate. Recent studies conducted on the housing sales rise presented that property in Mumbai and Pune contributed to approximately 50% of the overall nationwide sales of residential real estate in 2022. So why may that be so? We’re looking into the various factors that have contributed to the housing sales rise for this first quarter of 2023.

To evaluate the various reasons, it would be insincere to paint all the sales with the same brush, so we must first categorise the sales into various sub-segments of residential real estate, based on the price brackets and the subsequent influential factors.

Under 1 CR:

Affordable housing has not fared as successfully as mid and high-end units, for reasons we will address, however, that is not to say affordable housing was left untouched. News about a 1% increase in Stamp Duty that would come into effect from the start of the next financial year (i.e. from the 1st of April), swayed a lot of fence sitters. Not to say that an increase in cost does not affect everybody, but for those buying a 1 crore home, an increase of Stamp Duty from 6 to 7 lakhs, or 7 to 8 lakhs, can be an unforeseen impact on their budgeting.

Between 1 and 3 CR:

The Mid-Range housing has always been the sweet spot for most homeowners, here they are able to access the likes of a spacious 3BHK in Malad constructed by a renowned developer in Mumbai making the purchase of this particular property in question a far more lucrative business decision than purely a personal milestone to be achieved. In addition to the comfortable price point, within the 1 to 3 crore range, depending on the neighbourhood, one is able to afford a luxurious 2 BHK in Mumbai which has fast become one of the most sought-after configurations of homes in the city and the reason is obvious. The Pandemic years taught us the value of a home, and the value of our space. Today’s buyers are looking at homes through the possible lens of it doubling as a workspace, or a rent-yielding asset, or even the very real consideration of it being their safety. Having lived through the uncertainty of steady salaries, layoffs, and other financial and personal hurdles a large number of people found solace in that they knew they had a roof over their heads, and the privilege that they felt in having safety as basic as that, was not lost on them. Those young couples confined to their 1BHKs during Lockdown see the value and strength the space of a second bedroom can afford them and their relationship. The family that watched their child sit in their bedroom and attend virtual school for hours on end recognised the importance of a study so that there is a distinction between school/work and being at home. The new parents who couldn’t take their infants out for play time, found a way to transform their space for their baby’s benefit. People lost a lot during those years, and today people are preparing for a future where such an occurrence is once again a possibility, and this time, they’ll see it through with confidence.

Above 3 CR:

For those buyers who are looking at a high-end unit, such as HNIs, on a financial front, the introduction of changes to their Capital Gains Tax this April could very well be a motivator to push the fence sitters once again. As HNIs will see an increase in their taxation on their Capital Gains, people are more keen on investing their hard earned money elsewhere, rather than paying double the tax that they were due just before the Financial Year 23-24.

The ability to secure earnings in real estate has proven to be a large boost to the industry as well as a boon to buyers who are far more secure in their purchases today, owing largely to the RERA, their own personal experiences with the Pandemic, and subsequent growth each individual faced in their journey to their own security and needs.

[thedynamixgroup]

How often have you passed by a piece of advertising for a project or property that is ludicrous? Not because of how unaffordable it is, but quite the opposite. Hoardings across the city today advertise down payments that cost less than the average couch, fully furnished flats that can supposedly be purchased at the drop of a hat, and endless views that would cost a pretty penny all at your doorstep.

This is a stepping stone to the ‘dark side of marketing’ (a real thing!), where you haven’t been fully manipulated yet, you aren’t technically being lied to, and you convince yourself against all prevailing experience that this is an achievable promise. It isn’t.

If today you were verbally told that you could secure a home for less than 30 lakhs, you would not be convinced, because it is human nature to believe that if something is ‘too good to be true’ it’s because it usually is. However, take that same information, aesthetically designed, splashed on a hoarding, and protected by endless asterisks- your brain starts to play tricks on you- suddenly it becomes a lot more believable.

So let’s look at the inherent safety tips, not the ‘home buying tips’ but those which can protect you, your family, and your hard-earned money. The safety tips for first (and seasoned) home buyers.

1. Choosing The Right Developer:-

There is no shortage of developers in the city which can be both a boon and a curse. A highly sought-after business, anybody with a plot of land and who want to cash in on it is capable of developing their piece of land. So with such a selection of developers available to you, why should that be a problem? Because it is easy to fall into business with a one-time developer (somebody looking to develop just their single plot of land) who may not be as well-versed or experienced in the industry. Choosing renowned developers in Mumbai can be beneficial for first-time buyers as they always instil a lot more faith in the client as they can be certain their money is being invested with a veteran from the industry.

As a first time buyer, dipping your toe in the real estate pool, it is always a better option to play it safer with a known developer with a delivery track record than take a risk.

2. Understand The Jargon:-

It’s a fair assumption to make that the average person is not going to understand the nuanced jargon associated with an industry they are not involved in. If the first time buyer in question is unclear on the details of terminology, it is very easy to take terms at face value. For example, if a client is in the market for a 2BHK flat in Dahisar East, they would rightly be aware of the areas advertised in the locality. If the flat is advertised as approximately 700sq.ft. first time buyers can sometimes overlook a very telling clarification; is that 700sq.ft. of usable carpet area? How much of that 700sq.ft. is occupied by internal walls?

We often advise first time buyers to ask what isn’t rather than what is.

3. Be Cautious:-

Of course this sounds a lot more ominous than it is, but it is always important to exercise caution. Consider looking for a luxurious apartment in Goregaon, you would have a broad understanding of the costs associated with any project in the area worth the ‘luxury’ tag. That is when developers employ the use of marketing gimmicks and schemes that are almost never what they seem. There are definitely times when a developer may offer a discount, or a benefit to booking at a certain time, such as Women’s Day offers, or deals during Dhanteras and Diwali, however, it is prudent to recognise that offers advertised outside of ‘season time’ often come with conditions.

Scepticism can save you a lot!

4. Have Foundational Knowledge About RERA:-

RERA is The Real Estate (Regulation and Development) Act, 2016, which is an act that is aimed at protecting the interests of buyers in the real estate sector. The act effectively regulates previously pro-builder issues to offer the client more transparency to make informed decisions. When a project is registered under RERA (which is a mandate by law), the developer cannot delay the project. They cannot charge for excess area that is not exclusively usable by the client (such as common areas which was standard practice before the RERA was enforced). Builders must have all the clearances in place before they are given the go ahead to start selling- so nothing is left up to chance anymore. Finally, no false promotions. If the builder is selling 2 & 3BHK flats in Malad East, or sea facing 2BHK apartments in Goa you can be certain that every last piece of promotion presents what is available at the end, of course, watch out for some level of disclaimer!

5. Insure Your Home Loan:-

Insurance is a safety net, and one that we as a cynical society do observe as a necessity to a secure future. Nobody looks to tempt a negative event from approaching but in an event of misfortune, having home loan insurance protects the family of the policyholder from the burden of the loan repayment and loss of investment. In such an instance of two co-owners of the property who have a joint loan (as mentioned in our previous blog about the benefits of women owning property in India) a single home loan insurance policy will cover all the borrowers of that joint loan further lowering the burden on one sole individual.

[thedynamixgroup]

At the risk of reminding you of a trying time, a period of our new decade that we would much rather forget, it would be impossible to look at the design trends of 2023 without looking back at what we’ve come out of- 2 years of lockdowns and uncertainty.

With the advent of Work from Home culture that was enforced across the globe, we found a way to fulfil our professional duties from the confines of our four walls, and nobody was exempt. So as we lean towards understanding the greater values our homes have offered us, we have also begun adapting our mindset to creating more efficiency in our interior styling and design.

So let’s look at some of the key trends proposed by experts for 2023.

1. Minimalism Is Taking A Break:

Not entirely of course, minimalism serves a great purpose in offering a neutral canvas to keep adapting and adjusting at a lower cost, and minimalism will never truly be outdated but some aspects of minimalist interior design definitely will.

Stark whites, greys, and greige (Grey-beige) overwhelmed the home spaces as we shifted away from cluttered, colourful spaces in the late teens. The clean aesthetic was a breath of fresh air, but somewhere it became too sterile. It served the purpose of providing a calming home to return to from the busy outside world, but as we started spending more time within our homes, it became too sparse for us to keep that way.

If we consider a compact 2BHK in Dahisar or even a luxurious 3 BHK in Malad, off whites will always be a part of our homes, it’s the most palatable colour for your walls, for its brightening but comfortable effect, but we’re seeing a lot of people opt for more character to be injected into their homes as they foresee the possibility of spending longer hours there.

We see a lot of people opting for a warmer whites, and earthier colour palettes for their homes, like a taupe accent wall, green furnishings, or even hints of reds and deep pinks as they are an easy way to incorporate colour into the home, without interrupting the space and confining it.

2. Natural Or Sustainable Materials:

This may seem a little vague but allow us to explain. There is a resurgence in paper and fabric lighting, because of the warm ambient mood it offers a space in the evening time, allowing us to transition a little more intentionally to our down time. Coffee tables, desks, side tables and shelves made of wood that blend seamlessly into any space while still offering the option to be a statement piece. We’re also more focused on our work spaces being studier and longer lasting given how much we’ve had to use them! Injections of texture around the house with rugs and show pieces, to give us more of a tactile experience within our own space. When designing a luxurious 2BHK in Goregaon we recognised ample opportunity to layer the home with texture and character to break away from the cold, disconnected minimalism of the past few years, and a lot of that comes from natural materials that automatically make themselves at home wherever you place them!

3. Furniture That’s Here To Stay:

Who doesn’t enjoy fast furniture, and being able to change up your space without breaking the bank? However, we get what we pay for. Fast furniture is not only bad for the environment, but it is also of a far inferior quality, which doesn’t last, compared to the traditional furnishings we grew up around.

Now we all seem to have the same rectangular consoles, the same bookshelves of straight, unassuming lines, and the same furnishings from the same store. But as any top developer in Mumbai will tell you, it’s their job to give you the straight lines, the empty space, the four walls- it’s for you to add your individuality to it!

We’re more aware of the fact that every online meeting now proposes a glimpse into our personal space, and what others see on the screen can say a lot about us! More people are opting to invest in sturdy, longer lasting pieces of furniture with character as they start to recognise the utility in quality that serves as a statement, or piece of art in itself- we’re referring to predominately wooden furniture that once upon a time fell out of style but is making a huge comeback as vintage.

4. Curation Over Design:

The pandemic saw an explosion of new business, small business, and a resurgence of exploration on the internet. We became more conscious about what we were spending our money on, and a number of consumers pivoted from the usual names to the newer brands, the homegrown bunch. People started to pay attention to their surroundings and curate little bits and pieces for their homes, inadvertently injecting their own tastes into a space. We became more aware of artists whose works spoke to us, investing in paintings and prints that were unique, as opposed to mass-produced posters and obscure scenic photographs. We found homeware brands that made vases, clocks, tissue boxes, cushions, throws, and whatever we could think of that subconsciously piqued our interests. We took the time to look at the tableware and kitchenware that we had and compare it to what we wanted, which would bring us a little hint of joy. We have subconsciously started curating for our homes, reflecting our own style and tastes in our choices and that is what 2023 is heading towards- a greater representation of self in a space that has served us during a desperately trying time.

Trends at the end of the day are cyclical. What’s in today will be out tomorrow, only to return to vogue in 20 years. However, it’s important to recognise the gravity of why 2023 is seeing the shift, and how it correlates with the experiences we’ve faced over the Pandemic Years. The appreciation we’ve felt for the safety our homes provide us, the care we’ve taken in cleaning out years of accumulated things thgiveves us and our space more room to breathe, and the fundamental difference in how we view our homes today- not simply as a place for us to sleep, but as a space for us to grow.

[thedynamixgroup]

Dahisar East is fast becoming one of the most popular area for development and home buying owing to its infrastructure, prices, project options, and connectivity. In fact, the neighbourhood is currently a crowd favourite for first time home owners who are opting for 2 BHK flats in Dahisar East as the projects are generally affordable, and the amenities substantial.

So if you’re looking for a home in Dahisar, what should you be doing so that you can get the biggest bang for your buck?

1. Budget, of Course!

Given the number of projects in Dahisar East narrowing in on one that makes sense for you can be a mammoth task. The best way to tackle it is to have a budget that lets you focus on the bracket of projects you are looking at. Subsequently, you can list out your requirements and see which best suits your needs based on a process of elimination.

2. Conducting Your Own Research:

We’ve all been in that position where the person showing us a property is all praise. Whether they’re speaking of tiles on the floors, or plaster on the walls, those who wish to sell a space are spectacularly good at it. But that is at the end of the day, their job.

That is why it is imperative for you to do your own research.

Take some time to speak to people in the area and channel partners, as well as reading up on websites about the property options in your chosen location.

One of the key aspects that many home buyers focus on once they begin their research is the track record of the developers in Dahisar. It’s no secret that Mumbai is overrun by developers with far too many projects left incomplete. Investing your money with a trustworthy developer with a healthy track record is one of the safest ways to getting your dream home.

3. Studying the Unit.

Consider this to be a quality check. Remember how a couple of decades ago, people generally avoided living on the top most floor of a building? Why? Because most buildings had a leakage problem in the monsoons. Now we aren’t saying that buildings today have a waterproofing issue, what we are saying is that you want to be aware of what the problems may be that you might have, before you have to face them! You want to know that the quality of finishes you are paying for are true to the assurance. You want to be certain that you are not being short changed in any way.

This is one of the reasons most renowned developers in Mumbai offer bare-shell flats, it is more cost effective and beneficial to the client as they are able to do a quality check on the entire unit before they make any commitments.

[thedynamixgroup]

There is a popular saying that goes, “Home is where the heart is.” And for the heart to be at peace, the home has to be an expression of oneself. During the pandemic, most of our outdoor activities have found a replacement within our homes. So, if you miss going to your yoga class to unwind yourself from all the stress, you need not worry. Here are some simple DIY tips that can guide you to build a yoga studio right at home.

1. De-Clutter Around The House

This is your chance to pull a full Marie Kondo. De-clutter a room, going through one category after another. Keep only the essentials and discard everything that doesn’t serve any specific needs or purposes in your life. The room will become a blank canvas for you to decorate. This will give your house enough space to build a yoga studio where you can unwind freely without any stress. With Yoga, it is best to stay minimal with the room decorations as it requires a calm ambience.

2. Calm Colours

Muted and cool tones of different colours like white, beige, sky blue etc, give the room a tranquil presence which is important to the spirit of yoga. They recede rather than standing out aggressively. Be sure to non-toxic paints. Yoga is a practice that ensures both our physical and emotional well-being. By purchasing eco-friendly products, like non-toxic paint, you can protect both your health and implement sustainability in your life.

3. Set The Mood With Lighting

Lighting in a house sets up the whole mood and in many ways influences our mood as well. Many of the new residential projects in Dahisar at the WEH are next to the national park and are full of natural light and fresh air. A house that gets enough sunlight and air is a healthy one. But for your personal yoga space select a dim, calming light that hangs over-head, giving the room a nice halo. This way you can practice yoga in tranquillity.

4. Accessorize With Intention

To make the space more personalized and comfortable you can add various objects to the room to enhance it. Keep a small shelf or table in the room and place a scented candle, an aromatic spray, some healing crystals, or whatever you feel is calming and makes you flow easily.

5. Hunt For Treasures

Visit the local markets, thrift shops, or antique stores near you and look out for unique objects that will make great additions to your house. Try searching objects such as antique trunks, shelves, tables, or your yoga mats, props, and blankets. If you search you might come across some interesting stuff like beautiful vintage sculptures and wall art that will give your house the spiritual ambience that you desire.

6. Outfit Your Studio With The Essentials

To practice yoga at home, the first object that you will need is a yoga mat. Other than that several other props can be of assistance when you practice. You can use yoga blocks that will act as an extension of your arm to lengthen your reach when you are working on flexibility. There are yoga straps that can help you do some of the more difficult poses. A bolster is useful while performing restorative poses and also allows you to multitask. A traditional woven yoga blanket offers a pop of colour and texture to the room. And to keep your room clean and organized, you can store them in a basket and place them in the corner of the room.

Be it a seaside apartment in Goa or a luxurious flat in Mumbai, with the right idea and decoration, you can transform a part of your home into the most beautiful yoga studio.

[thedynamixgroup]

Did you know that the ‘hearth of the home’ historically was the place where the family congregated as it was the main source of heat and therefore where the residents kept themselves warm, as well as where the cooking was done. It is no coincidence that the main area of congregation in the home is also compared to the ‘heart of the home’ (do you see the similarity?), but what, in your opinion would constitute the soul of the home?

We’ll tell you what we think. The soul is the kitchen. Food, love, nourishment, comfort, these things present a synergy that can only be tied into a neat little bow when in reference to the kitchen. Spending time with family, cooking up a storm, messing around with the flavours, replicating a recipe passed down through generations, these activities bring us closer to our loved ones, and that warmth of friendship and admiration permeates every part of the house, emanating from the kitchen. The soul of the home.

When so much happens in the kitchen, it only makes sense that we should put extra care and attention into the room, and a great place to start is the organisation of the kitchen. So, we’re sharing some of our key organisation steps to keep the energy up, the space efficient and the memories happy.

Keep Counters Clear: If you’ve ever seen any images of luxurious apartments in Mumbai they’re overrun by minimalism, the dominant trend of the recent past. And while we may not always agree that minimalism is the way forward, we cannot deny the style one exceptional quality- it reduces clutter. Clutter can be overwhelming, when items are out of place, or carelessly strewn around, because whether we outwardly adopt the lifestyle or not, we do inherently appreciate and require method to the madness. Oftentimes, the messiest clutter is the kitchen, and it can make the space a very unwelcome room to enter. Keep the countertops clear and you’ll find it a much more inviting space, being able to keep it tidy and clean (and subsequently free of all unwelcome pests) will allow you and your loved ones to utilise and enjoy the kitchen with a lot more freedom as you all can contribute to the cooking of the meal without scrambling for space previously taken up by… things!

Utilise Vertical Space: If you’ve read our previous blogs, you’ve seen us mention the vertical space before and its efficiency when decorating a home. One of the most underutilised areas of any cabinet is the height of it. In a world that is coming off the ‘minimalist décor’ trend, we are returning to the idea of stacking products with a better understanding of how to make this necessity more efficient. Gone are the days of cramming into a cabinet and forgetting the products right at the back. The average 2BHK in Malad is fitted with a modular kitchen that often offers ample storage space, and a quick search online will offer you a world of options such as racks, and organisers to keep your food products, utensils, and cutlery tucked away, not hidden away (there’s a key difference there!).

Labelling: Never underestimate the value of a good label maker. Labelling in the kitchen can help keep it organised, stocked, and very importantly cost effective. We all know the pains of putting food away or buying extra so that we don’t run out only to forget that we bought extra, that has fallen into an obscure corner and is now impossible to find; eventually when you do find the product, chances are it’s past its expiry date. Call a spade a spade, it hurts our core beliefs to waste food and yet, so many of us end up having to discard food that was perfectly good had it just been accessible in the first place. So instead of overstocking your kitchen and pantry with numerous extra items, labelling the containers they are in make it easier to gauge when it’s time to run to the store and replenish. You’d be surprised how much food we actually don’t consume regularly enough to keep purchasing and how organised your kitchen, your pantry, and your spending becomes just by labelling.

Install Open Shelving: There are certain items in our kitchens that are cooking staples and best to have easy access to, such as oils and seasonings. Sometimes having a spice rack can be a little limiting in matters of holding all these essentials. Upon visiting a sample flat, a 2BHK in Goregaon it was evident that there is a great deal of space between the counter top and the cabinets to stall a nice stretch of shelving to accommodate necessities. You can also extend the shelving right along the length of the counter top to act as an additional space of vertical storage for key items that can also add character and aesthetic appeal to your kitchen!

Organise Your Fridge: This is such an important, and such an underrated aspect of keeping your kitchen ordered. Too often, the fridge is taken for granted. Everything and more gets put away into the fridge in a haphazard manner making locating anything that much harder. A neat trick is to treat your fridge the way to treat the food pyramid. Keep your vegetables in the drawer, proteins on the shelf above the drawer, dairy on the shelf above that, and the subsequent shelves can be used to house condiments, sweets, and other refrigerated items. Always remember to save 1 clear shelf for food that is either to be eaten, or left overs. Pro tip: Never put your milk in the fridge door- the constant opening and closing of the fridge makes the door most susceptible to temperature change, and subsequently the growth of bacteria causing your milk to spoil faster than it needs to.

Separate Your Wet & Dry Waste: An easy one and a mandate in a lot of buildings now, your waste must be separated. This method helps keep the kitchen clean, odour free, and also keeps breeding zones for pests contained- because if God forbid you spot an unwanted guest, scurrying around your kitchen, getting into cabinets, you can often pinpoint the culprit as a wet bin that has not been emptied. Contain the source of possible contamination, and you’ll find keeping your kitchen pristine to be far easier.

[thedynamixgroup]

A little bit of greenery always breathes life into a house. Whether it’s a view overlooking a canopy of trees or a corner of the living room adorned with a plant, as beings of nature we eventually gravitate towards leafy greens to bring into our homes. Plants serve a multitude of benefits to us and our spaces. In a country as heavily polluted as ours, plants can help purify the air we breathe. In cities as hot as ours, plants can offer some much needed respite from the heat and diffuse the harsh sunlight that comes beating down into our homes. In a life as rushed as ours, plants unbeknownst to us, actually helps reduce our stress! There’s no limit to the number of reasons we need greenery to brighten up our homes but as we look at the plethora of options in front of us, let’s review the selection that makes sense for Indian homes and why.

Ask any top developer in Mumbai and they’ll be have elaborate plans for incorporating green cover into their projects because of the importance in having nature in close proximity to their clients. Whether that’s a green wall scaling the sides of the buildings or podiums, tree lined amenities to make the features of the projects more usable, or simply including plants in their sales offices, they understand the value it brings to their clients. But let’s focus on you and 3 particular locations we’ve selected for the purposes of this blog, so that if you live in a similarly situated area, you know how to navigate these waters.

Key suburban areas in Mumbai like Malad, Goregaon, and Jogeshwari benefit ever so slightly by being in close proximity to Aarey Forest which means that the air is being purified by the very lung of Mumbai. However, in a lot of instances this isn’t enough- so bringing in plants that purify the air within our four walls is almost crucial to a happy, healthy home. We’re sharing with you three great plants to decorate your house with, that are easy to manage in the Indian climate.

Areca Palms

If you consider a 2BHK in Goregaon, there is often ample space to dedicate to a leafier plant without the fear of it coming in the way. In fact, leafier plants like palms tend to lend a beautiful comfort to the space when placed close to a window to diffuse harsh sunlight, thereby making the room usable even during the hotter times of the day.

Areca Palms are low maintenance plants, that are particularly good at purifying the air of toxins such as chemicals and CO found in paints and fuels, and for up-and-coming commercials hubs like Goregaon, Malad and Jogeshwari, these can be an incredibly helpful inclusion of greenery to your home.

Snake Plant

One of the less common plants found in households is the Snake Plant, which is in fact, one of the most low maintenance plants around! The straight, long leaves of the plant are unobstructive, lend a beautiful splash of green and yellow to a room and adapt effortlessly into any space. The Snake Plant is perfect to furbish your home, whether that’s a 2BHK in Goa or a luxurious home in Thane, it can blend into any style, size or location of home, breathing cleaner air into the room.

Money Plant

The final plant on our list is a symbol of prosperity and luck. A popular choice for housewarming gifts, and to decorate shelves and table tops, the Money Plant is a no brainer for any home. The double benefit served by its low maintenance, and the symbol of the plant makes it an easy and effortless choice that is appreciated by any and all homeowners. The Money Plant is such a durable plant, it can battle various temperatures and climates with ease, making it almost impossible to kill- in turn making it a wonderful plant for anybody with a busy lifestyle, or new to the plant life!

Plants are not only a force of life, but an incredibly lively décor element to brighten and elevate any space, so grab the opportunity to start nurturing your space with a spring of green and breathe life into your home. It’s better for your home, and more importantly, plants are good for you.

[thedynamixgroup]

The Dynamix Group, renowned for its well-designed and thoughtful residential and commercial properties in the Mumbai Metropolitan Region has accomplished sales worth INR 750 crs across its various projects in FY2021-22. For the quarter ending June 2022, it achieved sales worth INR 205 crs across its six ongoing projects. Dynamix is currently developing 3 ongoing projects in Mumbai, 2 in the wider Mumbai Metropolitan Region and 1 large township development in Goa.

It hopes to be able to launch another 3 projects this fiscal year, adding a further 1 million sqft to its portfolio across these geographies. The group has set itself an ambitious sales target across its portfolio of projects this financial year, which it hopes to achieve through a combination of continued sales momentum in its ongoing projects, along with further project launches.

– The Real-Estate developer aims to launch over 1.0 mn sq. ft of projects in FY2022-23, in addition to its ongoing works of ~3.2 million sq. ft in Mumbai, Thane and Goa ~

– The group has already delivered over 30 million sq. ft to its customers over 5 decades in business~

– The group has achieved sales worth INR 750 crs for the financial year 2021-22 ~

FY2022-23, Speaking on the developments, Jay Goenka, Director, Dynamix Group said “We are very pleased with our sales growth in FY 21-22 and remain encouraged by sales performance for the fiscal year so far, which will only be bolstered by planned upcoming project launches. We believe that our keen focus on building spaces that deliver functionality, convenience, and quality lifestyles will stand us in good stead in achieving our ambitious sales targets and growth. These planned launches continue to be the realization of our strategy to grow through the development of high quality, yet affordable homes across Mumbai and the MMR.”

The developer last week marked the completion of the reinforced concrete structure of Tower A of its Avanya project, in Dahisar, within a mere 16 months from its launch, despite the onset of the deadly second wave of the covid-19 induced pandemic in the months of April-June 2021. What makes this achievement notable is the fact that the 120 meter (390 feet) tall tower comprises 2 basements and 37 upper floors and is one of the tallest towers in the vicinity. At peak speed, the developer built 4 floors a month, as against the industry standard 2-3 per month. Dynamix hopes to deliver this project, as well as its other ongoing ones, before time.

The Dynamix Group is renowned for its thoughtful and well-designed residential and commercial developments in Mumbai and the Mumbai Metropolitan Region. The Group’s residential developments of Gokuldham and Yashodham in Goregaon East alleviated the acute shortage of affordable housing faced by the middle- and lower-income groups in the suburban areas of Mumbai. This served as a springboard for further projects in the suburbs, in areas such as Vasant Vihar in Thane West, Shristi in Mira Road, and Upvan Complex in Upper Govind Nagar, Gokuldham in Goregaon East, and Panchsheel Enclave in Kandivali West, to name a few. Dynamix Group brings a 50 year legacy of high-quality development with over 30 million sq. feet delivered to over 30,000 happy families.

[thedynamixgroup]

It’s no secret that in a city overrun with concrete structures and an ever growing population, the average home buyer in Mumbai finds themselves at a disadvantage, living in a compact space surrounded by ominous towers of stark grey. It is the unfortunate drawback of our City of Dreams. Our space is limited, our Mumbaiites aren’t- but we must live by one of the most basic principles of a functional society, that everybody deserves a roof over their head.

As a result, our homes have become smaller, our buildings have become bigger, and the price of change is our peace of mind. For a lot of people, the standard home now mirrors an almost bleak perception of the fast paced Mumbai lifestyle; one where we work in a cubicle and live in a cubicle. But what if that wasn’t the case?

We’ve seen it world over, young professionals, their seemingly large homes splashed across social media pages, but pull back the curtain and it’s not the square footage that expands their spaces, it’s the keen eye for décor. So let’s run you through some of the best tips to make your home look and feel larger than it may actually be!

1. Keep it Simple, Not Boring

The first step to making a space look larger is your colour palette. Consider any number of luxurious flats in Mumbai and you’ll notice something similar in most if not all of them. The inherent colour scheme of the house is neutral, and the pops of colour are introduced via accent pieces.

So why does it work? Neutral colours reflect light a lot more than deeper, bold tones, creating an illusion of space. The consistency of the colours across walls and pieces of décor also let your eyes to glide across the room instead of jumping to a focal point. It allows for the space to breathe, and as a result, neutral colours are considered to have a calming effect on the viewer; and isn’t that the end goal, for us to feel calm and peaceful in our own home?

Neutrals are also easier on the purse strings. If you have a 3 BHK flat in Malad, you’ve spent a fair penny on the property and the interiors. Now what if the interiors chosen today are ‘off trend’ tomorrow? Going through the ordeal of redoing your entire 3 BHK seems like a mammoth task. Choose a neutral palette and layer colours on top of it! It’s easier to change accents, than it is to change interiors.

Bonus Tip: Try to avoid a stark white paint for your walls. Look for a warmer tone of white/off white. It’s a lot easier for our eyes to absorb a tone of off white than pure white. Also consider yellow lights instead of white lights to bring warmth into the space.

2. Combine Light & Statement

Looking again at a number of housing projects in Mumbai, and you’ll notice a playful synergy in the décor of the common areas. Glass tables with wooden accents, for example. When we say light, we mean furniture that has a more weightless appearance, such as a chair with slim legs, or an entrance console that is raised off the ground. The aim is to avoid drawing the eyes downwards, but keeping the attention at eye level or higher. Combine the lighter, airy furnishings with a statement piece like a heavier coffee table that offers weight to the seating area and the illusion of something so imposing placed comfortably amongst other furniture will give your space a much larger appearance.

3. Utilise Vertical Space

One of the biggest mistakes we make when looking at doing up our homes is look at the floor space, but disregard the wall space. Keeping with the idea of moving your eye away from the ground, playing with a pendant light that hangs over the dining table, shelving that extends upwards with interesting pieces of décor, wall art that highlights the height of free wall space- all these things move your eye upwards off the ground. Even the inclusion of a large indoor plant fanning out above your couch is using the vertical axis and drawing your eye away from the footprint of the house to the space of the home.

Most residential projects in Mumbai are designed to maximise the usable area of the home. Gone are the days of mazes and corridors, nooks and crannies that serve no purpose. Most builders provide the home buyers with a sizeable blank canvas to express themselves without inhibition- allowing each home owner to create for themselves the house that allows them to stretch their legs, take a deep breath and revel in the peace of their spacious home.

[thedynamixgroup]

We don’t need a specific day to know the value of our father. For every child, their father is their role model. Talking to him might not be easy. You might keep your mom as a mediator between you and dad.

Men don’t cry, Men should be strong, Fathers don’t share their feelings with others, Fathers should provide for the family.

All these won’t be new to you all. Their lives are molded by societal norms. They are souls having thousands of feelings buried deep inside. Working extra hours so that his child doesn’t go unhappy. Even after a busy schedule, he would still make time for you to sign your report card or to check up on your health and education. It’s just a day to appreciate your dad for his positive presence in your life. The global pandemic has made it worse to talk with parents or to always see a tense face with lots of health and financial issues.

Fathers sacrifice their likes to provide for you

Why not plan something special for them?

Here are some father’s day home decor ideas to make the day special.

Don’t Rush Just Brush!

White, yellow, green… so many beautiful optimistic colours to choose from.

Colours have emotion. Colours speak a language of their own. It provides a soothing effect to the eyes and minds uplifting an individual’s emotions. Paint the house or room with him. Choose elegant and soothing colours where he feels at home. Hang in photo frames loaded with memories that he won’t miss you when you are away.

Stack Some Books

When your living room has enough space but you and your dad are confused on what to keep there, whether it should be another set of a sofa or a gigantic vase. Why not a library!

When he looks at a book, it should be a reminder of how lucky you are to have him. A mini-library is what many dads crave. It would be an escape after long hours of work, and straining the eyes on the screens of the laptop. Just imagine apartments in Ghodbunder Road, Thane with large living rooms or bedrooms to stack your dad’s favourite books. Also, gift him a wonderful collection of books on each special occasion. Also, keep indoor plants to have that aura.

Mini Party On Balcony

Balconies are airy and give you serenity.

Why not choose this place to celebrate father’s day.

Change the face of your balcony by using simple and elegant decors to have a beautiful evening. Set up dinner on the balcony. Apartments in Goa have calm spacious balconies to set dinner for father’s day. Plant some lawn on your balcony and decorate it with some lanterns. Make space for multi-purpose furniture like magic benches which could be folded and reshaped. Keep the balcony as simple as possible. Place a beautiful and large chair, or sofa and a wall fixed tiny table. Cook his favourite dish and have a beautiful dinner and make him feel special.

Workout Area

Have a room where no one visits? And have been locked with obsolete stuff?

Why not change it into a workout area on this special occasion to remind your dad to take care of his health.

Health is an important factor. With years passing by, every human becomes weak. Changing lifestyles and stress contribute a lot to bad health. With the arrival of the global pandemic, going for a morning walk or workout has become difficult. So why not turn the mini room into a workout area. It would also bring a drive in your parents for a healthy lifestyle. Having a wide see-through window with a beautiful view outside and doing some yoga there would refresh the mind. Placing a small table and equipment with some plants for freshness would be the right decor.

Make this day special for him by refurnishing, so that the happiness doesn’t end with this day.

[thedynamixgroup]

There’s long since been a belief within confines of the Mumbai Metropolitan Region, and the Greater MMR that the area you grow up in or spend a significant amount of time in is your stomping ground. It is the space you are most comfortable in and the area most people are reluctant to leave. Each locale in and around Mumbai entice its residents with a unique charm- the vintage, old world allure of Colaba, the artistic expression of Bandra West or Kala Ghoda, the enthusiastic young bustle of Andheri- creating friendly competition between locales. Each is an ecosystem and personality of its own. And yet, in the recent past there’s been a shift in attitude. Residents are noticing the beauty and comforts of areas they never considered, owing to one key change in the city; infrastructure.

Today there is a greater fluidity between zip codes. People relocating from the suburbs to the city, the city to the outskirts, the outskirts to the CBDs, the list goes on. One such area that has seen a greater influx of interest is Thane; a city unto itself, outside the rush and rumble of Mumbai.

So why has Thane become such a coveted location? Let’s find out.

1.Connectivity: A thorn in our side or a benefit we are yet to knowledge? Enduring traffic tantamount to simply standing still, city dwellers have braved the narrowing road, constant digging, and unrelenting struggle of getting from place to place. We have lived for close to a decade with the promise of a Metro, finally coming to be. With these points of connectivity making the accesses to less congested localities effortless, are you far removed from your comfort zone? If your average travel time within the city is an hour and a bit anyway, no matter your destination, would you rather the confined footprint of a home in the city centre or a spacious apartment in Thane? Location was always the boon of a developer, today connectivity is its key.

2.Infrastructure: Consider only the infrastructure of Thane, and you are graced with an efficiently designed city. Wide roads and pavements make travel by wheel or foot that much easier and safer, close access to nature courtesy of Yeoor Hills and the Upvan Lake for that relaxation and mental peace, some of the most exciting entertainment with large scale malls, and social hubs, and city planning that curbs the problem of overcrowding. Everybody speaks of high end, but when you consider all these factors, you truly get luxury apartments in Thane.

3.A Cleaner Environment: With the expanse of green cover and lakes in Thane, it’s no surprise that the city is cleaner by way of pollution and air quality that its Mumbai counterpart. The AQI of Thane has almost consistently been lower than that of Mumbai, making it a healthier environment for most people, after all, we all want to feel our lungs fill with clean air instead of smog. This crucial aspect has also become the deciding factor for families with children who want to give their kids the benefits of fresh air, the peace of nature, and the wide spaces for merriment because let’s be honest, you can only run around so much in a small flat in the city- sometimes you just need a park. Unbeknownst to most of them, every developer in Thane is building for a happier, healthier, future generation.

4.Bigger House, Smaller Price Tag: Mumbai as a city is starved of space. It is the city of big dreams, and small homes- a fact most people are acutely aware of and have reluctantly come to terms with. That’s exactly where Thane thrives. A 2BHK at Ghodbunder Road is more affordable and of greater square footage than the average new development 2BHK in Mumbai’s Western Suburbs making it a beautiful location for young professionals, first time home buyers, families and even the elder population who benefit from the comfort of space as well as the peace of nature. Space afforded to each family in a city like Thane that’s simply bursting with room is that developers are not confined to a minute project footprint, but are able to create buildings respectful of the surroundings, adding to the greenery, and spaciously comfortable to be called a home.

There’s so much to love about Thane, which is why it is fast becoming one of the most coveted locations for home owners, so if you’re one of them, keep your eyes peeled, because there’s a home out there for you.

[thedynamixgroup]

It’s no secret that real estate is a popular option for investments and monetary growth as historically and even to the present day, land has allure; additionally, real estate serves as promising future security in personal capacity. However, investing in real estate comes with its own set of challenges that are worth examining.

Timing:

If you are looking at investing in real estate, it’s worth keeping an eye on the market. Real Estate is a volatile market- sometimes you can expect stellar returns and other times you may be caught up in a project for years and see almost no appreciation at all (however, that is often dictated by another factor which we will get into). Understanding the best time to invest in real estate is usually when interest rates are lower and the valuations are appropriate- remember, the market tends to correct at some point. It’s worth speaking to a financial advisor or doing some research before considering the correct time to invest.

Investing In The Wrong Project:

There is no dearth of housing projects in Mumbai for you to choose from, however not all projects are built the same. Yes, they all seem to have the same amenities and enticing bells and whistles that make them so appealing to buyers; but we’re talking location.

Location, accessibility, traffic these things heavily impact the return on your investment. You may be looking at luxurious flats in Mumbai, and who can blame you? But if reaching your luxurious flat is a task, if all you hear when you open the window is the rumble of traffic and incessant honking of people trying to get through, is that luxury?

The Developer:

As with everything in real estate, the developer in question plays a significant role. Seasoned developers know the pitfalls of promising too much, they understand the value they add, they know how to get the job done. Certain developers who fall prey to committing too much are at risk of having their projects take longer to complete, or stall at inconveniences that our markets have faced. Once a project has come to a halt, its value is impacted. There are a number of residential projects in Mumbai that fall on either side of that coin. Sometimes bigger isn’t always better. Consider the thought behind the planning instead of the glitz of it.

Uncertainty:

Oftentimes there are factors outside the control of the developers, that are often governmental mandates and changes that are introduced which can impact the progress of a project. In times of regulatory changes, it can be difficult to convince yourself to tie your hard earned money into real estate, however, it is also worth remembering that you can take time to make the decision that is best for you, but also that the developers in each instance are bound to fulfil their commitment to completing your home. If you’ve tied up your funds in any project, the developer is obligated, come rain or shine, to deliver you your 2BHK house in Thane, or your 3BHK flat in Malad.

Investing in real estate can be a daunting experience for the most seasoned investor; it’s a difficult market where the risks and rewards are high, albeit, not in equal measure. Much like all things in this world, there are options and alternatives- some investments are tangible, others are numbers in an account, but one thing is hard to ignore- land offered protection to early man, status to noblemen, and financial security to the modern man; land has been the investment of choice since time immemorial.

[thedynamixgroup]

Investors and buyers often draw a false equivalence between real estate and a financial asset. Real estate assets are lumpy, require large capital commitments from their buyers (often over a period of time) and are illiquid.

Unlike tradeable financial assets on indices, there are no clearing houses for apartment buyers and sellers, and there are no regulated and institutionalised conventional ‘market-makers’.

At a measurable level, the price of a home is a function of a macroeconomic factors, micro-market conditions, geopolitical issues, commodity prices and governmental policy. It is important to note that the home is – for most – the single largest purchase one will make in their life.

It is an asset which has both, inherent value – you live in it – and financial value – it can earn you money and preserve your wealth. For the latter reason, most buyers of real estate have historically tended to be somewhere on the continuum between end user and investor.

The current real estate market across Mumbai and the Mumbai Metropolitan Region (MMR) is extremely vibrant. It is seeing renewed interest from buyers at both ends of the end-user-investor continuum. 2013 to 2018 saw a soft market on account of deep changes and shocks – demonetisation, the introduction of the Goods and Services Tax and the Real Estate (Development and Administration) Act, the NBFC Crisis and changes to Mumbai’s Development Control and Promotion Regulations.

Sales slowed as the sector found a new equilibrium and the clearing of stock of oversupplied luxury residential units put pressure on prices. New launches therefore slowed. Between 2019 and 2021 Mumbai and the MMR continued consuming an average of 29,530 units per quarter, whilst new supply was restricted at 24,300 units per quarter. This brought the inventory overhang down front a peak of 38 months (Q3CY2017) to 17 months today.

Wages continued to increase, enhancing profitability. This, coupled with governmental action – lower interest rates (enhancing affordability) and governmental incentives (enhancing affordability and profitability), took the sector from being in a self-reinforcing vicious cycle, to a virtuous one. This saw home purchases increase dramatically, with supply falling or stagnating. The ensuing result has been some price inflation.

FY2022-23 will be interesting in terms of real estate as an investment and asset class. New supply being brought to market takes time – and whilst there is a pipeline of supply expected, this will take at least the next 12-18 months to launch. This should keep demand for ongoing projects robust, and therefore prices firm. India is also seeing a bout of high inflation (the WPI was 15.08% last month). Geopolitical factors such as the war in Ukraine have had significant inflationary pressure on raw material prices, at a time when the cost of borrowing has gone up, as the RBI has raised its benchmark monetary policy rates to fight inflation.

Developers’ costs have increased substantially and some of this cost is being passed on to purchasers in the form of higher prices. Purchasers who have bought their homes when markets were slack – say during the pandemic or immediately thereafter – will have seen excellent returns on their investments. For those purchasing now, returns will continue to outperform as demand still outstrips supply. However, this could change in the medium term as high inflation hurts developer margins and stresses the financials of projects, potentially bringing distress.

Affordability can reduce as the RBI continues to tighten monetary policy and fixed low-rate mortgage tenors mature and move to higher floating ones. As inflation in consumer goods continues, real disposable income and savings can fall. These factors could dampen demand. And all the new project launches which are being planned now, as a result of renewed ‘animal spirits’ amongst developers could hit the market at the time when demand starts to slow, creating an environment reminiscent of 2015-2019.

But the opposite may well be true as well. Our economy is strong and whilst inflation is a challenge currently, it could well be transitory and is likely to abate with geopolitical crises (such as the war in Ukraine). The Government of India has recently announced a reduction in the rate of excise duty on fuel, with some states following suit.

A tariff on steel exports, lower duties on raw materials and a concerted effort to improve the availability of cement through better logistics will deflate prices and make the sector more efficient. It is also important to note that real estate went through a phase of heavy consolidation on account of regulatory change, change which made the sector more transparent for homebuyers and home-builders alike. This has structurally changed the way buyers look at home purchases, making investment in under construction property far more attractive than it once was.

FY23 will be a very interesting year for home buyers and sellers alike. Those chasing yield should carefully consider the nature of project, the renowned developer, the micro-market and overall sentiment before taking a call. If these factors are appropriately thought about, the purchase will be of high value – emotional and financial – to the owner. It is important however to realise that short term fluctuations are to be expected and these ought not to change one’s investment thesis.

[thedynamixgroup]

It’s a well-respected fact that many people in society work long, hard hours with a stunning, sunny beach in mind. There’s a distant vision in all of us to work until the day we don’t have to anymore. When we wake up at a leisurely hour, step out of our homes and take in the bracing sea breeze. To retire to the careless luxury of sandy toes and salty air. To live out our days in the quintessential paradise. A beach.

It’s also a well-recognised truth that we live in a fast paced world. Working and activity keeps us young and our minds agile. We recognise the hunger to do things and we thrive as we keep ourselves moving on our own terms.

Therein lies the question- in today’s fast paced, active environment, are people ever really ready to retire?

Upon conferring with a number of folk who are more than deserving of their retirement, the general consensus was that those of the retirement age do not want to retire completely, they want the benefits of both worlds. They want the sandy paradise. But they aren’t willing to retire to get it. They’ll take it now.

If the Pandemic has taught us anything, it is how far technology has come in allowing managers and subordinates to work remotely without letting distance get in the way. This in turn has seen a considerable number of relocations as young professionals and seasoned business people move away from the metropolitan buzz to one of India’s favourite beachy getaways; acquiring their own seaside apartments in Goa that they can now call home.

Following this shift in mindset, the real estate industry has seen a significant number of developers establish themselves in the state with launches of villas in Goa, or, compact studios in Goa, or even luxurious 2 bed residences in Goa. The gamut of options present in the state allows for professionals of varying financial capabilities to plant their feet in the sand and purchase a second home to which they can get away whenever the opportunity presents itself, without giving up their foundation in the metropolitan of their chosen profession. This change in trend of being able to operate from the location of your choice has reintroduced the discussion of ‘second homes’.

Millennials, who have long since worked tooth and nail to amass the financial security for day to day life, and recognised the utility in renting their home rather than purchasing it outright, are presented with another opportunity. They are able to invest in an asset, such as a home or a second home, in a frequently visited holiday destination, at a considerably more comfortable price point and reap the benefits having such a home affords them. They are able to take that spur of the moment trip to Goa without the added pressure of affordable accommodation, they can supplement their income by utilising the asset and renting it out to other budding professionals and youngsters relocating to Goa, providing them with added financial security, they can view it as an appreciating asset to be sold in the future, or their own piece of paradise when they tire of the city rush- the prospect of owning that ‘second home’ has never been more dazzling.

Knowing the standard set across the country, the home buyer also knows exactly what the project is expected to offer, making sure the developer does not rely solely on the stunning.

[thedynamixgroup]

Mumbai based real estate player Dynamix group announced that it has recorded sales of Rs 756.4 crore across its diverse projects and joint ventures in FY 21-22 financial year on higher volumes driven by new launches, improved customer sentiments and enhanced affordability on account of cheaper home loans.

Its sales stood at Rs 330.6 crore in FY 20-21, the company said in a statement issued here today.

The company will launch 3 new projects in Mumbai in 2022 – at Sahar, Goregaon and Malad and the group will spend over Rs 1050 crore over the course of the development of these projects. The projects will be developed over the next 3-4 years and will be funded by a combination of equity, debt and subsequently sales receipts once the projects are launched.

In addition to this, the group will continue investing in maturing its land holdings to continue building its pipeline for launch and further sales for the subsequent financial years.

Jay Goenka, Director, Dynamix Group said “We are very excited about our sales growth in FY 21-22 and our upcoming project launches. We believe that our keen focus on building spaces that deliver functionality, convenience, and quality lifestyles will stand us in good stead to cater to today’s discerning customer. These planned launches continue to be the realization of our strategy to grow through the development of high quality, yet affordable homes and commercial spaces across Mumbai.”

He added that the funds required for initial approvals and land costs which are required to launch the three projects, will be funded through equity. The quantum and proportion of such equity in the overall capital structure of the project varies from project to project.