Planning To Gift A Property? Here’s Your Guide

Section 122 of the Transfer of Property Act defines ‘gift’ as the transfer of certain existing moveable and immoveable property made voluntarily, without any consideration, by a donor to a donee. There, however, are certain essentials of a gift – the gift, for example, must be tangible, and its ownership should be transferred by the donor and accepted by the donee.

Which property can be gifted?

You cannot gift everything that you own. If you are a Hindu, you may dispose of your self-acquired property. Similarly, if you are a coparcener, you may give away your coparcenary interest in a property, subject to fulfilment of certain conditions. A widow might in certain cases gift a small portion of the property inherited by her from her husband, but she cannot do so by will.

How is a gift different from a sale deed?

In sale deed, you give away your property in return for money. The deed is registered stating how much you have been paid for the property sold. But if it is gift, then it is a relinquishment of your assets without any monetary consideration. The government does not accept gifting between two non-relatives; it earns revenue through stamp duty on real estate transactions.

Can a gift be revoked?

A gift, once completed, is binding on the donor. It cannot be revoked by him, unless the property has been taken from him by fraud or undue influence.

When can a gift be taxed?

Normally, the donor is not liable to pay any tax on the property he has given up. However, in some cases, recipients are taxed under the head ‘Income from other sources’ under the Income Tax Act, 1961. Gifts are not taxed if they are received from relatives on the occasion of marriage, by way of will or inheritance, or from any local authority, fund or foundation registered under Section 12AA.

A relative can be the donor’s spouse, sibling, sibling of spouse, sibling of either parent, etc.

Outside of this, a property received by an individual is taxable if the stamp duty value of such a property received without consideration (land or building or both) exceeds Rs 50,000.

For the purpose of making a gift of immovable property, the transfer must be registered, signed by or on behalf of the donor, and attested by at least two witnesses. The stamp duty, calculated on the basis of the market value of the property (differing from state to state), must be paid at the time of registration.

States have different laws, however, in the matter.

In Rajasthan, for instance, no stamp duty has to be paid if a husband is gifting an immovable property to his wife. However, 2.5 per cent of the property value has to be paid as stamp duty in case the property is being transferred in the name of father, mother, son, sister, daughter-in-law, grandson or daughter as a gift.

With inputs from Sunita Mishra

Documents Required For Buying Property

Planning to buy a property? Well, get ready for a major paperwork as the process involves providing (to authorities and the bank in case you are taking a home loan) and acquiring several documents (this ensures your ownership over the property). 

Here is a list of documents that are required for buying a property:

Sale deed

This is the most important piece of paper required for property purchase. Sale deed has to be produced in original as it establishes the ownership of title of the property. You need to register the sale deed in the Sub- Registrar’s Office of the area where the property is located.

Also Read: Important Clauses in Sale Deed

Extracts

Khata certificate or extract is known by different names in different states and is an important document for the registration of a new property. It is also required if you want to transfer the ownership of the property at a later stage. This document is a proof that the property has an entry in the local municipal records and the construction has been done according to an approved plan. Banks ask for this paper before granting you a home loan.

Mutation register extract

This specific document is for Gram Panchayat properties and provides the details of previous ownership. Though not required in original, this is mandatory to produce if the property you are buying is in Gram Panchayat jurisdiction.

General power of attorney

This document is required to prove whether the sale or purchase of a particular property is being done by an authorised person on behalf of the owner of the property. This has to be produced in original for getting a home loan.

Copy of building plan

A buyer must acquire a copy of the building plan approved by the statutory body to establish that the construction of the property is legal and is done according to set rules and regulations.

No-objection certificates (NOC)

There are as many as 19 NOCs that have to be acquired by a developer from different authorities while building a housing project. However, the number may vary according to specific state rules. Ask your developer to provide you the copies of these NOCs, and keep it in your personal record.

Allotment letter

An allotment letter is one of the most important documents required for getting a home loan. It is issued by a developer or the housing authority, stating the description of the property and details of the amount paid by the buyer to the developer. Do keep in mind that an allotment letter is not the same as an agreement of sale. An allotment letter is issued on the letterhead of the authority while a sale agreement is documented on a stamp paper. Moreover, an allotment letter is issued to the first owner and other owners can ask for the copy of the original letter from the seller.

Sale agreement

This document lists all kind of information about the property ― the terms and conditions, the possession date, the payment plan, the specifications, the details about the common areas and facilities, etc. The agreement also holds the developer responsible for the construction of the property. This document has to be produced in original for property purchase and acquiring home loan.

Possession letter

This document is provided to the buyer by the developer, and sets a date on which the latter would grant the former the possession of the property. The original copy of this document has to be produced for getting a home loan.

Also Read: Must Know Facts About Possession Letter And Occupancy Certificate

Payment receipts

Collect original payment receipts from the developer if you are buying a new property. If you are buying a resale property, ask for a copy of receipts from the seller to be produced to the bank.

Property tax receipts

Property owners have to pay taxes. Ensure that the previous occupier/owner had paid property taxes and there are no pending due. Property tax receipts also help in proving the legal status of the property.

Encumbrance certificate

An encumbrance certificate is required to prove that the property does not have any pending legal dues or mortgages. This is one of the key documents banks ask for before they grant you a loan. This certificate also has all the details related to the transactions happened over a period of time. In India, a Form 15 is issued if a property has any encumbrance registered; otherwise, a Form 16 will be given to the owner, stating there are no encumbrances.

Completion certificate

This document is required for getting a home loan. This paper establishes the fact that the building is constructed according to an approved plan.

Occupancy certificate

An occupancy certificate is issued by the local authority to the developer to establish the building is finally ready to be occupied and the construction has been done according to a sanctioned plan.

How To Get Duplicate Copy Of Lost Sale Deed?

The sale deed is the biggest proof of your ownership over property, and that is why we are extremely careful about its safety. But, what if you somehow lose these documents? There is no reason to panic because you could get a duplicate copy of the document made, following certain simple steps.

However, it would be best to start the procedure to get a duplicate sale deed as soon as you realise you have lost the originals. Now, let us find out how to get your duplicate sale deed.

Before we start to explain further, it is important to note here that attempts would first be made to find the lost document. The two steps in that direction are of lodging an FIR with the police and advertising about the sale deed loss in national dailies. You cannot directly approach the sub-registrar to issue you a duplicate copy of the document since he would need you to prove you have actually lost the papers and attempts to find them have yielded no result.

Lodge an FIR: It is true if you lose anything, first go to the police station in your area. Lodge an FIR (first information report) with the police there, giving all the details of the property. Following this, the police would generally try to trace the documents, if a robbery or theft is the reason for the loss. In case the police are not able to trace your lost sale deed, they would issue you a non-traceable certificate.  This is basically a statement by the police that they have not been able to track the document and would be duly signed by the inspector general. This is a document that would now be instrumental in getting you the duplicate sale deed.

Advertise in a national daily: You will now have to advertise any leading newspaper that you have lost your property documents. This is, in fact, another step towards finding the originals. The advertisement will have all the details of the said property. The idea behind the advertisement is to spread the word about the loss so that the general public can restore the papers to their owner if they have any knowledge about the papers and have by any chance found them. This advertisement is another proof that the owner has lost the document. If you do not receive any information about the loss even after advertising, this is the time to approach the sub-registrar.

Prepare an affidavit: Now is the time to prepare an affidavit. On a plain paper, you have to write to the sub-registrar where the property was registered, informing them about the missing sale deed and all the other particulars related to the incident. You will also have to write an undertaking, stating everything mentioned in the affidavit is true. This affidavit accompanies by one copy each of the FIR, the non-traceable certificate and the newspaper advertisement, will then will have to be registered at a public notary.

Go to the sub-registrar’s office: The applicant should appear before the sub-registrar and submit these documents. After examining the documents, the sub-registrar’s office would accept your application for a duplicate copy of a sale deed. You will also have to pay a nominal fee along with the application which differs from place to place. It might take between 15-30 days for you to receive the duplicate copy.

Also read: What If Your Bank Loses Your Sale Deed?

Some Old-School Tricks To Save More On Your Home Purchase

Owning a property is a ‘dream’ that most of us nurture. And, as soon as we can, we would want to enter what is perceived as our own personal heaven on earth. The sentimental value attached to owning a home often overshadows the materialistic point of view — that is, the money involved in making this dream come true. When the dream becomes a reality, the rising expenditure starts pinching, often forcing you to think whether the 2-BHK apartment you bought after taking the hefty loan that you will spend your lifetime repaying is worth it. This is why rather than being completely emotionally driven, you should also focus on the money part in the matters of property purchase.

Now, how can you keep the burden as low as possible?

  • Keeping the loan amount low: In the good old days, they used all their retirement money to buy a house. While that phase might be passé, there is a lot you can learn from the old ways. Back then, people did not have to take loans to fund their houses. They certainly did not enjoy the many tax benefits and the luxury of living in their own homes early in their lives, but they also did not struggle with a lifetime of loan burden. They also did not pay huge money as interest on their home loan amount. The logic that you become a house owner while you are still young may also be overrated in a way. Technically speaking, you do not become a house owner till you repay the bank every penny that you have taken as loan. Now, though there is no need to wait till you retire before you buy a house, there can be a middle path. You should try to keep the loan amount as low as possible. For this, you should try to arrange a large part of the property cost from your own savings and take a home loan to only bridge the deficit, if necessary.
  • Family before bank: They tell you the benefits of availing of a home loan are many. The interest rates are low at present, the tax benefits are too attractive to ignore, etc. But even a naïve buyer knows that he has to pay off everything with a huge interest, and what is termed a ‘benefit’ may not actually be that beneficial. So, before you decide to approach a bank with your home loan application, do weight the other possible options that you have. Consider taking a good look at family resources and savings and asking family members if they can help you with a loan. Remember that a borrower is busy paying off only the interest for a large part of the bank loan tenure. If you take the loan from family, it would be much easier to pay the debt.
  • Space or convenience? The benefits of living in bigger cities are many and we all want to have a piece of them. This is why we are willing to pay any price for them. However, often ignored is the fact that in big cities you pay a huge price for a tiny space, which might not serve the purpose as your family expands and your needs change with time. The bad traffic conditions in your large city will bother you more as you grow old. Do think whether the quality of air that you will have to breathe now and, more importantly as an older person, is worth the price you are going to pay. Smaller cities, by comparison, have bigger spaces to offer for the same amount, or even less, their traffic conditions are better and the air is less polluted. 

In Focus: Golf Course Township By Shapoorji Pallonji

Golf Course Township Estate is one of the township projects by Shapoorji Pallongji Township Real Estate. Shapoorji Pallonji has been famous for the luxurious properties they have constructed in the country. Like its other properties, the Golf Course township also boasts excellent facilities and amenities that it offers to all its residents. The property is located in Pune west, and the residents have wonderful access to all the best facilities and travel around.

Golf Course Township– Complex and Apartments

Golf Course township is one of the flagship projects prepared by Shapoorji Pallonji Real Estate in Bavdhan Pune. The entire property is divided into 8000 units spanning over an area of more than 1000 acres. Of these 1000 acres, 150 acres have been reserved for the famous golf course that is the most highlighted section of this property. The 8000 units have been divided into 1BHK, 2 BHK, and 3BHK apartments. The apartment’s size ranges from 492 square feet to 1018 square feet, depending on the type.  All the apartments are prepared in 1 building.

Golf Course Township: Specifications

Golf Course township has the best facility for all its residents. It has the best quality tiles for its living room, bedroom, kitchen, and drawing-room. It has also ensured protective covering for the balcony and bathroom so that there are no accidents due to slippery surfaces. Additionally, the best quality distemper and colour are used for both the building’s interiors and exteriors.

Golf Course Townships: Amenities

The biggest attraction of Golf Course Township is the widest range of amenities that it offers. As the name suggests, it has a 150-acre championship golf course with 18 golf holes. Moreover, it has a 42 Bay Golf academy with all the state of the art facilities. The residents can learn and practice golf whenever they want. They also have wonderful training grounds, and therefore, experts in this field will love this property.

In addition to the golf course, seventy percent of the property area is open and is brimming with several floras and faunas. The property can be deemed close to nature, and the residents can have a peaceful, pollution-free life staying here.

Along with these two major attractions, Golf Course Township has more than fifty amenities. It has swimming pools, a kids’ playground, a yoga center, a meditation center, trekking, spa centers, and indoor game facilities. The residents can have wonderful playful and peaceful moments using such amenities. They also have multipurpose sports areas, gazebos, garden walkways, and sculptures. The residents can also take care of their muscles in the gym that provides all the latest infrastructures.

For the security of the residents, there is an in-house police station available. Emergency entry and exit points are also available at the right places. Therefore, the security of the residents is also not compromised in this property.

Golf Course Township: Location

The Golf Course Township is located in the wonderful happening place of Bavdhan. It is situated off the Mumbai-Bangalore national highway. The place is well connected with the nearest railway station being the Shivajinagar railway station, which is 10km away. It is separated from the Pune junction railway station by 14km and the Pune airport by twenty-two kilometres. Pashan is located to the north of Bavdhan.

The place has excellent road connectivity with the University circle, Pashan, Baner, Aundh, Paud Road, Kothrud, and the Sus village. Direct Bus communication is available between Bavdhan and University Circle, Gymkhana, Market yard, Pune station, PMC, and Pashan Circle. Therefore, the residents have direct access to all the facilities located even outside the property.

About Shapoorji Pallonji Real Estate

Shapoorji Pallonji Real Estate is a common name in the real estate sector. It is famous for its cutting edge innovations, design, architectural excellence, and quality of construction. It has its properties spanning across several cities, including the four major cities. This real estate group has constructed the country’s largest mass housing project in Kolkata. The company has been active for over 150 years and has also extended its reach to more than 60 countries. Their website boasts of their excellence in blending innovation with perfection resulting in the rave reviews they receive from their customers.

Buying An Old Apartment? These Tips Are For You

At a location, where there are very few property options to choose from, many homebuyers end up investing in an old apartment (a decade old or more). Such apartments do pose a challenge for the homebuyers. While the property might be in good condition and value for money, homebuyers should perform the legal and technical verification of the property before signing the dotted line.

MakaaniQ shares few tips for buyers who are investing in old flats:

  • Check all the documents carefully before signing the sale deed and ensure that the seller is the actual owner of the property.
  • The title of the resale property should be clear. Obtain the purchase agreement, the sale deed, a No-Objection Certificate from the society, copy of the builder-buyer agreement and the encumbrance certificate. All ask for documents to establish the chain of ownership.

Here’s A List Of Documents You Need For A Home Loan

  • Ensure there are no dues on the property from water, electricity, property tax department. Buyers can check maintenance, electricity, and water from the society office or the builder, check for pending tax bills from the revenue department.
  • Check the financial history of the apartment. Know if the apartment was mortgaged to the bank. Obtain NOC from the bank. Also, make sure the cash component demanded by the seller is within the permissible limit.
  • Banks provide home loans for old properties, subject to technical and legal verification. Usually, lenders factor in the age of construction, depreciation value and documentation. Banks usually are not willing to lend more than the amount mentioned in the sale deed. Hence, buyer has to arrange for registration and stamp duty from a personal fund.

10 Things You Should Check Before Taking Possession Of Your Property

  • Check with the society about the additional charges that you might have to pay. This includes maintenance charges, usage charges for amenities or society electricity charges, etc.
  • Buyers should also look for structural damages that have to be repaired at later stages. This includes water pipes, wiring, cracks, damps, moisture, clogged drains, seepage etc. If you are planning to run heavy wattage appliances, check the age and quality of wiring. Painting, water-proofing and structural repair cost should be factored in before buying an old property.
  • If you are buying a home in an old building in an old locality, ventilation and lighting can be a challenge if you are buying on lower floors or if there are high rises around the structure. Opt for top floors for better view and ventilation as the chances of dampness and leakage are minimum.

Self-Employed And Seeking A Home Loan? Mind These

If you are an entrepreneur, you are your own boss. You are independent and do your dream work but it also comes with many challenges. One of them is getting a loan, especially if you are buying a home. Many self-employed people do not qualify for a home loan because they are unable to clear the lengthy due diligence a bank conducts to understand the person’s eligibility. Here are some challenges that a self-employed person faces when taking a home loan:

Seasonal/inconsistent income

One of the key reasons a lender might not approve a home loan for a self-employed individual is their seasonal or inconsistent income. Many self-employed are in a business that gives them income for a few months and few months of no business. While some have inconsistent income every month, depending how the business has performed that month. This keeps banks at bay as they see the loan seeker’s capability of paying a fixed equated monthly instalment (EMI). In case of self-employed it is inconsistent.

In such a case, a bank approves of the ones who can give a large amount in down payment ensuring their EMI is small.

No book-keeping

Many self-employed people do not have registered businesses and hence, do not keep books. A registered business, with all the book-keeping, including tax fillings of past few years is what banks require to ensure that you are capable of paying the monthly instalments. The banks may ignore a bad year or two, however, no books at all can be a deterrent.

Keep the books, all the profits and losses over the years are important, in case, you want to get a home loan for your property. You could also hire an accountant to do that job for you, which makes it seamless for a lender to do a due diligence before sanctioning your home loan request.

Inconsistent tax filing

Many self-employed individuals have inconsistent tax filing. It can be a challenge in later stages when these individuals want to take a home loan. Your tax-paying capability talks a lot about your income.

Banks check your tax returns statements of past two years to verify income.

Make sure you are consistently paying your tax and keeping the required forms intact. Present them to the bank to make the home-loan-approval process smooth.  

In Focus: Godrej Icon from Godrej Properties

One of the prestigious residential projects adorning Sector 88A, New Gurgaon, is Godrej Icon. There is no introduction needed when a residential project is constructed by Godrej Properties, one of the world-class real estate developers of the world. Its new project Godrej Icon has finished its construction in April 2019 and the residential units are available for possession. Modern families and real estate investors are looking for marvellous opportunities like this and enjoy witnessing their dreams coming true.

Godrej Icon: Complex and Apartments

The time has come to indulge in the ultimate luxury and high-standard living in the heart of Sector 88A, Gurgaon. Godrej Icon offers the best range of apartments you can buy. The possession has already begun. You can now invest in the best-in-class residential properties from this project that boasts its exclusive posh amenities and brilliant international features.

Godrej Icon offers 2 BHK, 3 BHK, and 4 BHK variants in its project which is spread over an area of 14.68 acres. The floor space, as per the architectural representation of the plans, ranges from 1490 square feet to 3008 square feet. You can imagine the space of the rooms available for all the units. High ceilings and remarkable built-in features will be something you have always dreamt of. You will get every such thing here and your dreams will surely come true.

Every residential tower has been built following the latest protocols and guidelines. All the buildings are earthquake-proof and have the best-in-class fire safety facilities. It has 11 towers offering a total of 759 units for possession. Every tower has 32 floors with a dedicated area for parking at the sub-zero level.

Godrej Icon: Specifications

Home seekers choose Godrej Properties for availing themselves of the best luxuries in life. Owning a home in its excellent projects is a milestone achievement. These luxurious units will come with excellent flooring and wall acrylic. The kitchen, balconies, and bathrooms will come with antiskid ceramic tiles. The bedrooms will have laminated wooden floors.

The bathroom and toilet fixtures will be from the topmost brands. The kitchen will deliver exceptional inbuilt features such as an international-grade chimney, granite-polished kitchen countertop, and specific electrical connections for other additions.

The doors and windows will be quite spacious that will let sunlight and fresh air in throughout the day. Every tower has been designed and positioned in such a way that all the residences can get their fair share of natural light and the view of manicured landscapes.

Godrej Icon: Amenities

Godrej Icon is the epitome of luxury amenities. It boasts of a skywalk and a helipad that most of the international-grade residential projects do not have. It comprises all the contemporary amenities for comfortable living in the best location in Gurgaon. From car parking to recreational facilities, everything in this project is well-planned and executed.

The outdoor space will be properly segregated into indoor recreational and fitness facilities along with outdoor gardens and sports courts. A well-equipped gym, jogging tracks, playgrounds, sports courts, swimming pool, indoor gaming rooms, etc are included in the plan. The residents will also find a clubhouse, community halls, and other amenities for social gatherings.

The rest of the open space has been developed into landscaped gardens. It has a 3-acre organic garden. The residential project also offers exclusive luxury amenities such as a high-grade spa, yoga center, meditation rooms, barbeque, and open-sky sitting areas, infinity pool, etc.

Godrej Icon: Location

Sector 88A in Gurgaon is considered to be one of the best locations to invest in the capital city. It is an upcoming location where the major players of the real estate industry in North India have invested in iconic projects. One such project is Godrej Icon. This location is also very close to the renowned IT hubs in this area. It is also very close to Dwarka Expressway and Pataudi Road. Hence, connecting to the business points and important locations in the rest of the capital city will be very convenient. The project is also close to business points such as malls, schools, banks, retail spaces, etc.

Godrej Icon: About the developer

Godrej Properties has been developing dream homes since 1990. It has bagged accolades and awards from different bodies and has successfully completed over 140 national and international projects. 

In Focus: Mahindra Happinest Phase 1 By Mahindra Lifespaces

Pune is going to get a new jewel on its crown with the development of the new project Mahindra Happinest Tathawade Phase 1 in Pimpri Chinchwad Municipal Corporation (PCMC). This new project is considered to be one of the most sought-after residential developments that will transform the lifestyle of future residents in different ways. Developed by Mahindra Lifespaces Developers, one of the prime players of the Indian real estate industry, this modern residential project will be the best bet for a peaceful life ahead.

Mahindra Happinest Tathawade Phase 1: Complex and Apartments

One of the most discussed projects in PCMC, Mahindra Happinest Tathawade Phase 1 has become a popular choice for the professionals working in Pune to settle down. This new project will deliver excellent residential variants to invest in. As per the architectural plan, there are 7 residential towers. Each tower will deliver 22 floors. The total number of residential units will be 108. As per the rate of development, the apartments will be delivered by the end of July 2026.

The residential variants will be of 1 BHK and 2 BHK types. The 1 BHK variant will deliver a carpet area of 415.71 square feet with a balcony area of 37.13 square feet. The 2 BHK variant will deliver a carpet area of 572.11 square feet with a balcony area of 32.51 square feet. The spacious apartments will be ideal for modern families to accommodate their requirements and still have ample space left for a clutter-free lifestyle. The total area of the project is 7 acres. More than 70% of the allotted area will be kept open covering all the modern facilities the homeowners need these days.

Mahindra Happinest Tathawade Phase 1: Specifications

The spacious apartments in Mahindra Happinest Tathawade Phase 1 will come with all the modern features. Every room will have vitrified tiles procured from the top brands. The kitchen, bathrooms, and balcony will have anti-skid ceramic tiles on the floor. The lobbies and passages will also have vitrified tiles.

The walls and ceilings will be ready for all kinds of painting features. The bathrooms will have a false ceiling made of PVC coated gypsum or calcium silicate boards. The kitchen will come with the required electrical connection and chimney facilities. The bathroom and rooms will also have the latest electrical connections for appliances. The hardware used in the door and window frames will be of top brands. The sanitary ware and accessories used in the bathrooms will also be procured from popular brands. 

Mahindra Happinest Tathawade Phase 1: Locations

Pimpri Chinchwad or PCMC is one of the best upcoming locations in the city of Pune offering exclusive convenience to the home seekers. The latest residential developments in this area are also giving it a landmark transformation offering the best metropolitan facilities for future residents. It is hardly 15 km away from Central Pune and is the most convenient location to invest in a residential property. The leading locations close to PCMC are Bopkhel, Wakad, Nigdi, and Talwade.

This location is well connected with the rest of the city and Mumbai via Mumbai Bangalore Highway, Old Mumbai Pune Highway, Nasik Pune Highway, and NH 48. PCMC has its railway station. It is also just 18 km from the Pune International Airport. The Government of Maharashtra has proposed a metro railway service to connect Pimpri with Pune. It will deliver two lines of service and is speculated to open for service by 2022. This location is well-connected with the rest of the city via state bus transport service, Rainbow BRTS service, and suburban railway service.

The residents will find SNBP International School and City International School as the prime education centers for the kids. This area also has excellent institutions for higher education. The leading healthcare units here are Niramaya Hospital, City Care Hospital, Aditya Birla Memorial Hospital, and Sushrut Hospital.

The employment hubs nearest to this location are Science and Technology Park, Panchshil Tech Park (11Km), ICC Devi Gaurav Technology Park (8Km), Software Technology Parks of India (12Km), and Pune (11Km).

Mahindra Happinest Tathawade Phase 1: About the developer

Established in the year 1994, this developer is the daughter concern of Mahindra Group. It is the gem of the Indian real estate industry. It has completed 105 projects of a diverse genre. 

In Focus: Leading The Icon Phase I By Leading Frontier

Mumbai is the commercial capital where people from across the country come to fulfill their dreams and settle down. It is the also best city to invest in real estate properties. One of the ambitious projects in Dhokali, Thane is Leading The Icon Phase I. This new project is all set to deliver the highest convenience in terms of location and the best amenities for modern families looking for a new home.

Leading The Icon Phase I: Complex and Apartments

Leading The Icon Phase I is a RERA registered residential venture from the house of Leading Frontier. The ambitious project is under construction. It will offer 2 BHK and 3 BHK apartments in the form of high-rise residential towers. The architectural representation of the plan shows two big residential towers that will offer 362 units in total.

As per the speculations, the properties will be ready for possession by the end of 2022. The entire project is being developed on an area of 2 acres. The 2 BHK variants will deliver a floor space ranging from 562 to 593 square feet. The 3 BHK variants will deliver a carpet area of 756 to 904 square feet. All the buildings will be earthquake-proof and will have exceptional modern features for the convenience of future residents.

Leading The Icon Phase I: Specifications

All the apartments in Leading The Icon Phase I will come with modern features that will aid the owners to fulfill their expectations. The walls will have putty and will be made ready for any kind of color textures. The windows and doorframes will have the latest hardware for quality service and easy operation.

The kitchen, balconies, and bathrooms will come with anti-skid ceramic tiles. Bathroom hardware and sanitary ware will be chosen from the top brands as per the standards. Every bathroom will have a countertop. The kitchen will come with a granite countertop with a chimney and all the electrical connections for various kitchen appliances.

Leading The Icon Phase I: Amenities

The area surrounding the residential buildings will be converted into manicured gardens and luxury amenities. The plan includes a swimming pool, a children’s playing area, 24/7 power backup, security, etc. As per the plan, every property will have proper security features for the safety of the residents. In fact, the entire project will not have any blind corners due to the installation of the latest CCTV security system and guards.

The rest of the international amenities are an international-grade clubhouse, a well-equipped gymnasium, multipurpose community halls, landscaped gardens with sitting areas, indoor gaming rooms, jogging tracks, etc. Every amenity will be maintained by the internal staff.

Leading The Icon Phase I: Location

Dhokali, Thane West is one of the prime locations in Mumbai where residential projects are being developed by the top brands. It is well connected to the rest of the city via Ghorunder Road and Old Agra Road. This area is developing very fast offering residential and commercial properties for possession. The leading locations close to this area are Kolshet, Kapurbavdi, and Uthalsar.

Dhokali is considered to be the focal point of real estate investment in the Thane area. It is just 3 km away from Thane Railway Station. Mumbai International Airport is just 25 km away from here. The Metro Railway Service Line-IV of this city will start from 2021 and will make conveyance much more convenient for commuters. Hence, this location is being targeted as the cauldron of real estate development in Mumbai.

The homeowners in this location will find excellent institutions for their children. Top institutions like DSV CBSE School, Blossom English High School, Narayana E Techno School, etc are the best places to seek education. It also has excellent healthcare facilities due to the presence of Phoenix Hospital, Highland Super Specialty Hospital, Omkar Hospital, and Apollo Medical Center. The nearest supermarkets are High Street Mall, R Mall, etc. The nearest markets are Yashashvi Nagar Market and Manorma Nagar Market. Mulund, Thane, and Kolshet Industrial Area are the prime employment hubs close to this location.

Leading The Icon Phase I: About Developer

Leading Frontier is one of the oldest companies in India. It has entered the real estate domain with the launch of Leading The Icon Phase I in Thane West.