Everything you need to know to make your home smart

By Mr. Rohit Kharche, director of The Baya Company Mumbai, the economic capital of India is undoubtedly a big draw for dreamers and achievers alike. Due to the growth opportunities, fast-paced lifestyle, and an umpteen number of amenities available in the city, the real estate value is high here. Taking the decision to invest in a residential property in Mumbai, is no doubt a big step that must be taken after a lot of calculations. For example, purchasing a 2 bhk flat in Mumbai is undoubtedly going to be a significant decision. So, before taking the big step, pause and question yourself, does it make sense to invest in a 2 bhk flat in Mumbai? Let us help you here by discussing different aspects of the decision, the reasons that support it, and the conditions that prevent you from taking this leap, before you start looking for 2 bhk flats in Mumbai for sale. Investing in a 2 bhk flat in Mumbai: How to decide? Property investments are definitely critical decisions, which is why taking a generic approach can never work in your favor. Both the location and the property type in question here are exclusive, a 1 bhk would cost much less than a 2 bhk, and Mumbai too is comparably more expensive in terms of real estate value than other Indian cities. So, let’s break it down, and discuss the merits and demerits of both the location and property type. Reasons to buy a flat in Mumbai: We will start by discussing the reasons you should choose Mumbai as your home. How long do you intend to be in Mumbai? You might be a Mumbaikar or, you may be migrating to Mumbai for career purposes, in both situations when you are buying a flat in Mumbai, it is going to be your permanent residence for years to come. You might be a bachelor, or, a couple, or maybe a family with children, if you want to continue living in the city for years to come then taking this decision makes sense. If your activities are based in Mumbai and you have no plans to relocate, then instead of paying a fat rent every month, purchase a 2 bhk in Dadar A long-term investment with high ROI: Even if you have any plans of shifting to some other place, say after 10 years or, after reaching a certain stage in your life, you can still go with this investment as this has long-term benefits. You can save on rent, and since the property value of Mumbai is high you can always think of it in terms of its resale value. The ROI is going to be lucrative for you. If you pay attention to the upkeep of your flat, and if it is in a good location then home buyers looking for 2 bhk flats in Mumbai for sale will be interested in your deal. You have the financial stability: Along with your residential requirements, you also have to factor in issues like living costs in a city like Mumbai,  as well as the lifestyle. Mumbai has a thriving cosmopolitan culture which gets reflected in the lifestyle of the residents. While buying your flat keep in mind the neighborhood and the lifestyle trend there, are you ready to keep up with that? The living costs would be high, so would the entertainment costs, the maintenance cost of the flat, along with the monthly payments if you take a home loan or, choose an EMI scheme. This is going to be your permanent residence for a long time, so think it through. Families who have little children or, couples who have plans to expand their family in the near future, need to calculate the cost of raising children as well. If you have a secure career and you are confident that you can sustain and thrive in this city, then let it be your home. Reasons to reconsider your decision– After considering the above-mentioned factors, if you feel that none of the reasons match your situation, then maybe you should reconsider your decision.  Especially if- You are in a profession that requires you to relocate often. You have a good job in Mumbai now, but there is no job security. You are considering a professional future in some other city or, even abroad. You are saving for retirement and want somewhere else to settle down. Consider all the aspects before you reach the final decision. Now if you are convinced that you want a permanent residence in Mumbai, let’s move on to the decision of investing in a 2 bhk flat. Why should you invest in a 2bhk flat in Mumbai? A 2 bhk flat is definitely an expensive choice given the property rates in Mumbai city. So, the decision should be backed by sound reasons. You should definitely invest if you have the following reasons. Affordability: The properties in Mumbai come with hefty price tags. The cost of a 2 bhk in Dadar is going to be higher than a 1 bhk. So, compare the prices of 2 bhk flats available in the city, keeping your budget in mind. Will you pay the entire amount in one go? Do you need a home loan, or, an EMI scheme? Get your calculations right.  Especially, when a home loan or, an EMI scheme is involved you have to shell out a big amount every month. If you are confident that everything fits into your budget without upsetting your financial situation and plans for the future, go ahead. The headcount justifies the space: If you are a small family of four, or, three you definitely need some extra space. For example, for a family with children having access to 2 bedrooms is a necessity, even couples should opt for a 2 bhk, if they want to have children in the future. Even for bachelors having a 2 bhk makes sense, as they might want to get married and have a family later, or, for having a spare room for accommodating guests, friends, or, even their family if they come often for a visit. Investing in a 2 bhk in Mankhurd makes sense if and when you have the requirement for big space. The 2 bhk solves the space issue while being cheaper than a 3 bhk regarding pricing and maintenance costs. Resale value: A 2 bhk apartment in a city like Mumbai is going to be a lucrative long-term investment. If you want to sell the flat in the future, you can expect a good resale value. The demand for 2 bhk flats in Mumbai for sale will continue to rise, due to the growth prospects the city offers. Also, keep these factors in mind before investing in a 2bhk: The maintenance cost of a 2 bhk is going to be higher than a 1 bhk. Property values fluctuate and are affected by different factors. The amenities being offered with the 2 bhk flat at a certain price range. Keep the above-mentioned factors in mind before you reach a decision to invest in a 2 bhk flat in Mumbai. Conclusion:  Buying a 2 bhk flat in a prime location in Mumbai is a cherished dream of many. Consider every factor well before you take the step towards fulfilling your ambition. We offer affordable 2 bhks in Mankhurd, and in other prime locations at a great price range, and we always prioritize the requirements of the home buyers while designing the apartments.

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 B Mr. Rohit Kharche, director of The Baya Company

With the advent of the Age of Technology, connected devices and smart gadgets have taken over our daily lives and made things more convenient. Right from our phones doubling up as Personal Assistants to offices being compressed into portable hand-held gadgets, in the present day, technology is a basic necessity to lead an optimum life. With creativity driving new innovations, there is no dearth in new products in multiple sectors; and one of the upcoming markets for smart innovations is home automation.

Today, with most people looking for optimum convenience when doing up their home, the concept of home automation or smart homes has been picking up steam steadily in India. A smart home is easier to maintain, has better security and is simple to monitor and also makes your life easier. While most of us know what a smart home is, the question here is how to make a smart home, especially when there are a multitude of options and functions to choose from.

Begin by looking the basic things you need based on your lifestyle and look at what kind of features and products you want. You could also start with some basic products to begin your home’s ‘smart’ makeover and keep on adding to it over time.

Security

One of the most advanced segments under smart homes is security. Your home’s safety can now be easily ensured and monitored by installing smart locks, CCTV cameras, video door phones which are connected to apps and are also password protected. This way your home is literally a safe haven for you and your family and you can keep a check on everything through your phones anywhere, anytime.

Lighting

A smart home needs a smart interior décor, not just in terms of aesthetics but also functionality. And one of the prerequisites of smart interiors is smart lighting. There are a lot of options to choose from when it comes to lighting with motion sensor lights, coloured lights, curtains that are connected to apps to let in natural light. Such lighting options are convenient and energy efficient as they can be switched on and off and customised to suit your mood and events with just a tap, or even a voice command.

AI

With Artificial Intelligence being the talk of the decade, a lot of devices have been introduced to have a personal home assistant to take care of your numerous daily tasks. Such devices are handy to get information about your social calendars, to do lists, general knowledge, music, etc. through just one command. These devices are designed keeping in mind spaces and are very compact and super-efficient.

Entertainment

When setting up a home, entertainment plays a key aspect in the planning as good entertainment is something that most of us look forward to at the end of a long day, as well as when hosting a great house party. Well planned spaces give you the benefit of well-planned systems and set up your wireless speakers, game zones, smart TVs, etc.

Appliances

Today, there are options like refrigerators that detect the expiry date of your products and send you alerts about it as well as even sense when fresh produce is going bad. Apart from this, even your taps can be upgraded to automatically sense water failure or leaks and turn off to ensure zero wastage of water. Even your coffee makers can be linked to your alarm so that it can start preparing your morning coffee as soon as you wake up. Even cleaning is now an easy task as there are multiple appliances that you can customise and control through your screens and use just the right amount of water needed.

Smart homes are the way to go when it comes to your future as they ensure optimum safety, comfort and energy usage. And with new developments happening at a rapid pace each day in this field, smart homes are literally the future when it comes to home décor.