Running a Real Estate Agency is much more than simply acting as a middleman between the buyer and the seller and making a commission.
Mayur Panghaal, Owner of Sky Properties
Real Estate Brokerage
Most people think that buying, selling or renting a house or office is just a question of clicking a few buttons on a portal like 99 acres or NOBROKER, but the reality is far from this. Any residential locality or area in Navi Mumbai has countless houses and complexes, each with their own usp and liability and legality. Each house or flat has its own advantages and disadvantages. Each flat of similar configuration can have widely varying carpet area. On top of that there are additional legal wrangles and requirements in Navi Mumbai as it falls under CIDCO (A company formed by the govt) and NMMC (Navi Mumbai Municipal Corporation). It takes years to learn the ropes of this trade if you want to do justice to your clients. With more than 30 years in the trade and experience at every level, we are more than equipped to help you understand the pros and cons of every step and decision you make. To sum up, making the correct decision in a real estate transaction requires diligence, knowledge of the laws, local conditions, market intelligence, taxes, ethics and transparency.
At Sky Properties, we are up to skills with all of the above so that your investment is safe and productive.
Consultancy
When dealing with real estate in India one needs to be aware not only of the financial and tax laws but also the local building laws and regulations. In Maharashtra these laws are Tax laws, Foreign exchange laws (FEMA) for foreign/NRI investment, income tax laws, corporate tax laws, building and construction laws like National Building code, MRTP Act, New Bombay Disposal of Lands act, Land Acquisition act, CIDCO Navi Mumbai Development Control Regulations, MIDC Act, MHADA act, NMMC Development Control Regulations, Maharashtra Land Revenue Rules, Maharashtra Registration Act, Pollution control regulations, The co-operative societies act, case laws etc.
At sky properties we are up to date with all laws are regulations concerning real estate.
Over the years, we have assisted countless people in their efforts to buy, sell and rent real estate in Navi Mumbai.
Our expertise will give you more that what money can buy – Peace of Mind.
Real 2021 Price data of properties in Sector 19, Nerul, Navi Mumbai
| Area | Terrace | Price | Project/ Society |
|---|---|---|---|
| 734 | 351 | 2,45,29,250 | NMS Moreshwar 19 |
| 734 | 351 | 2,50,00,000 | NMS Moreshwar 19 |
| 247 | 39,00,000 | Bhimashanker | |
| 912 (BU) | 1,40,00,000 | Neelsiddhi Atlantis | |
| 745 | 1,68,00,000 | Sailesh Tower | |
| 724 | 1,70,00,000 | Bhagwati Eminence | |
| 220 | 40,00,000 | Unnati Apt owners | |
| 395 (BU) | 65,00,000 | Sun Plaza | |
| 139 (BU) | 49,50,000 | LIG | |
| 380 (BU) | 43,00,000 | Sangam Apts |
Valuation
Buying selling or renting real estate in Navi Mumbai is more than simply estimating or guessing a price based on hearsay or internet articles. We come across daily instances of owners and buyers losing out crores over faulty estimation of prices. An example is the table below. As you can see, two shops of the same area and located in the same complex have rented out for vastly different sums. These differences of 5,000 rupees per month can add up to a few lakhs over a period of time.
We have real price data of all sales/rentals/leases of flats/shops/offices in Navi Mumbai. This data is priceless when negotiating with sellers/builders/buyers/agents. Sky Properties can help you arrive at an accurate price for sale or rent of your premises based on solid and hard evidence and market intelligence sources.
| Project | Rent Per Month | Deposit | Shop No | Owner | Date |
| Shreeji Heights | 44000 | 200000 | 40 | Aug-20 | |
| Shreeji Heights | 50000 | 200000 | 31 | B N Garudachar | Oct-20 |
| Shreeji Heights | 133836 | 450000 | 8 and 9 | Intercon finlease | 18-Jan-21 |
Our Speciality – Accurate price negotiation with builders/sellers/leasees when buying/renting a new flat/shop/office.
We have price data of all sales of flats in Navi Mumbai. This data is priceless when negotiating with sellers/builders/buyers/agents. We have data of prices of all flats in all buildings in Navi Mumbai. We regularly spot underpayment and overpayment of lakhs of rupees in real estate transactions in Navi Mumbai. A sample of real estate sales data from Nerul is given below.
In fact, a 2005 study on Home Sellers reports that the median sales price of an agent-assisted home was 27% higher than one sold “by owner.”
Real Estate Paper Work
(well begun in half done)
Attention to details and immaculate paper work forms 80% of a real estate transaction. We at sky properties pay attention to details and paper work so that you have lesser headaches later. Our knowledge of the laws and pitfalls protect and guide you right from the start. From accurately evaluating the price in terms of the prevailing transaction and market rates to making that first ‘token’ payment, we at sky properties will guide you through the transaction till you take possession of the keys to your premises.
CIDCO Transfer
The Navi Mumbai Real Estate market is unique when compared to other territories in Mumbai or elsewhere. In Navi Mumbai every piece and parcel of land was acquired in 1970s via the Land Acquisition Act. CIDCO was the Agency responsible for the planning and development of this land in Navi Mumbai. Real Estate in Navi Mumbai requires approval from CIDCO at every step. Whether its the allotment of land or the selling of flats or forming a society, every step requires approval from CIDCO. This right is vested with it via the New Bombay Disposal of Lands Act. With over 20 years of dealing with CIDCO at ever level, we are more than equipped to scrutinize documents or obtain the necessary clearances from CIDCO.
Other Services
- Society Formation
- Society Redevelopment
- Society Conveyance (compulsory for sale of flats now)
- Taxation
- NRI investment and advisory
- Due Diligence
2 replies on “Our Services for Real Estate in Navi Mumbai”
HI
My friend has given cidco transfer procedure to one agent when he purchased one flat in Airoli in May 2019
Agent is saying he has submitted papers to CIDCO in June 2019 and thereafter he could not follow up because of medical problem and then lockdown.
Now agent is saying that CIDCO is searching for the submitted papers.
Does CIDCO give any receipt after submitting papers? Agent is saying he had received some token which he is not able to find.
What happens in case if any receipt token or application number is lost? How does CIDCO is trying to find the submitted papers?
2019 is a long period. Its highly unlikely that the papers can be traced now. Its like trying to find a needle in a haystack. To answer your other questions, yes, CIDCO does give an acknowledgement of the papers deposited with them. Earlier, the papers had to be submitted physically after making the data entry online. It will be better off for you to start afresh with whatever you have with you. If you have copies of the originals, you can start the process again. If you want to try and find the papers left with CIDCO in 2019, you will need at least some record of what you deposited with CIDCO and then try to locate it in the Belapur office…or the Airoli office (if they shifted all papers to Airoli now)