Worli – Buy a home of your dreams

Mumbai is the city of dreams, the city of film celebrities and the financial capital of India. This city is known as the real estate hub and attracts high-end investors. Those who are looking for luxury flats in the expensive areas of the city can consider Worli.

The main reason is because of the elegant lifestyle that Worli showcases. The real estate builders have made Worli a prime location for the affluent income group. The business class that are migrating to the city are preferring this area, as it matches well with their lifestyle, high standard of living and like-minded people in the neighborhood.

Other popular reason is the commercialization in South Mumbai. There are many businesses that are coming up in the southern Mumbai. Therefore, people are buying homes in the closer vicinity and Worli has fulfilled their needs. This has also attracted the upper middle-income segment as well.

As the property rates are stabilizing in Mumbai, this suburban area has attracted many investors. There are multiple residential projects coming up in this area. Making an investment in this location is worth every penny spent. Buying a flat in Worli can be tedious as well. Doing a proper research on the various residential properties before purchasing can be helpful.

Avoid falling in scam traps or try to hire a broker who can help you find a better home in your favorite location at the price you are looking for.

Be familiar with Malad before you buy a flat!

Located around 30 km from Churchgate, Malad is the north-western suburb having shorelines curves of Aksa, Marve and Erangal. The suburb houses several projects developed by major builders such as Rahejas, Retreat and so on.

Marve road is one of the major road in Malad west while driving from S V Road to Madh Island, from where one can take a ferry to reach Versova within couple of minutes. Malad West has well known schools, for example, St. Anne’s High School, Carmel of St. Joseph’s High School, St. Joseph’s High School and Ryan’s International School (mostly convent) as the area is dominated by Catholic community. Malwani and Jankalyan Nagar, territories in Malad West are homes to the Sikh Community while the Malwani locale is lived by the Muslim Community. Charkop, an extensive mechanical center point, is populated by the Maharashtrian, Gujarati and Marwari Communities.

Malad West has turned into an IT center and is home to a vast working class. Possessed by Mindspace, it has the biggest BPO park in the city adjoining Malad creek. Several renowned builders including Renuka Developers, Royal developers, Evershine developers and K. Rajeha have developed projects.

Malad East is one of only a handful few Mumbai suburbs that are spotless and free of contamination making it beneficial to possess a house. Some the areas in Malad are Govind Nagar, Pratap Nagar, Raheja Township and Mahindra Nagar, which was named as the second contamination free territory of the city. Malad East has numerous schools like Children’s Academy, Vidyalay, Fatimadevi, Velani Vidyalaya High School, Nutan, St. Francis English Medium High, Utkarsh Mandir, School and High Sanskar Vidyalaya. Few major builders of Malad east includes Atul Builders, Lalani Builders, Agarwal Group, Lok Housing and Mittal Builders.

So if you are looking for comfort and luxury at limited price, Malad is the right place for you.

Why buy flats in Panvel?

Panvel is undoubtedly the most enhanced region around all the areas of Navi Mumbai. At first Panvel was revealed 300 years back, now it is; undoubtedly a really composed city and the most progressive one. Because of its progressive development, Panvel is considered to be the hottest hub due to its close vicinity with Pune and Alibaug. Connected with Pune Express Highway Panvel appropriately gets favorable for people to drive successfully from Pune. As a substantial segment of the streamlined development that has extended in Panvel of late, residential and commercial structures have extended fundamentally to satisfy the hobby. Hence, people have been getting interest in Panvel stream that holds all the glory of this spot.

Here are some reasons you should know why to buy flats in Navi Mumbai’s Panvel.

1. Navi Mumbai area is set to hit some new high notes with the occurrence to the new International airport. These variables affect the private property markets, as the measure of units depend on them. Along these lines, we can say that, Panvel private business area will succeed, in the propelling future. Also the project of sea interface amidst Sewri and Nhava Sheva is to change the skylines of Panvel as the partition in the middle of Mumbai and Panvel may in like manner plunge certainly.
2. Panvel is brisk transforming into the major center between Mumbai Pune and southern Maharashtra. Proximity to Mumbai and Pune remains its most noteworthy stake. Panvel has been a salaried class zone for quite a while as stood out from the other Navi Mumbai center points, which are the elite. With the new overall storage heading up in Navi Mumbai, Panvel’s future has all the earmarks of being really ensuring.
3. Panvel is a secure locale, included by a decent flock. A vast segment of general society and civic amenities are entirely close and open, moreover transportation is also available. Panvel is heart of new Bombay that comprise of line station and harbor line that enhances it with best striking trademark like close Pune Express Highway and airport with best standard of living.hare on FacebookShare on TwitterShare on Google+

Navi Mumbai – the new residential destination

There has always been a rise in demand for real estate in the city of Mumbai. Living in the main city has its own charm, but many people like to live away from the hustle and bustle. People are moving to the suburban areas.

One of the popular locations is Navi Mumbai, the well-planned city as it is called. The area is larger and best connectivity to other centers of Thane, Panvel and Dombivali. There have been many residential projects that are coming up in Navi Mumbai. Moreover, the City and Industrial Development Corporation (CIDCO) has allotted 4750 acres of land to develop more residential units and offer better housing to accommodate more people who migrate from other cities and those who are looking for new homes in the greener part of the city. This land will be developed by government authority and only a part of it is given to the private builders.

Navi Mumbai has been attracting many people and one of the main reason is the new international airport that is coming up in Panvel. This has already resulted in boosting the real estate market in Navi Mumbai. Some of the popular areas where people are investing are Kharghar, Ghansoli and Koparkhairane. Though they are slightly expensive compared to the rest of Navi Mumbai. According to the recent trends, the realty prices on an average in Navi Mumbai is between Rs6000 and Rs8000 per sqft.

There are many affordable options available, especially in Airoli, Panvel, New Panvel and Roadpali. These are the best locations to invest and have the capacity to yield high returns in the future. The properties in Navi Mumbai are reasonably priced to target the middle-income group. This segment mainly likes to buy instruments for the long term and real estate is one of the best options.

Navi Mumbai is fulfilling the demand-supply gap by providing eco-friendly accommodation at affordable prices.

Why CHEMBUR is the hot destination to invest in property?

Charming Chembur always!

Chembur has dependably been an extremely enticing suburb of Mumbai. Indeed, even today, it holds some of that ‘Old Bombay Charm’ that has vanished in lately over two decades in most different parts of the city. A few green spaces still dab the rural area, be it as little open parks or the huge and placating breadth of the Chembur Golf Course. And the other parts of the city are enhanced with indulgent and sophisticated buildings, Chembur has still figured out to retain its charm. It’s not unprecedented, that even today we witness private bungalows and houses decorated with palm trees and gardens in a few sections of Chembur.

Chembur is a distinct and independent suburb in numerous way. As the suburb offers homes for all strata of society be it the business spaces, clinics, schools, universities, shopping centers, film theaters, eateries, lodgings or the nightlife spots.

Hot destination for property investment

Chembur turns being the hot destination for property investment in Mumbai as its annual appriciations speculation shoots up to 25-40% where its cost ranges from Rs. 17000- 17500/sq.ft. Moreove you get benefits of civic amenities that includes 24 hours water supply, power, better infrastructure facilities and lot more.

Connectivity to Mumbai

In the course of 5 years Chembur has turned being the heart of the Eastern suburbs. As the greater part of Mumbai’s north-south and east-west network is connected through Chembur. Closeness to Eastern and Western Express Highways makes driving simple to Bandra-Kurla Complex and alternate business regions of Mumbai. Having a home in Chembur now implies you can investigate plenty of travel choices to reach distinctive parts of Mumbai. Hence Chembur has turned being and exceptionally alluring spot on the Mumbai real estate map as it associate the focal Mumbai to Navi Mumbai.

Below mentioned are a few infrastructural projects that make Chembur, the hot destination for property investment.

1) Monorail Project

2) Metro Project

3) Eastern Freeway – Connects South Mumbai to Chembur and further up to Ghatkopar.

4) SCLR – Santacruz-Chembur Link Road connects Chembur to Santacruz via EEH and WEH

5) BKC-EEH –1.6km Flyover will connects Bandra Kurla Complex to EEH

Main factors that influence the Mumbai property buyers

Mumbai is the most expensive city to live in India. Home buyers search for properties in the city and prefer buying flats from renowned builders of Mumbai. Then again, there are few things that flat buyers need to consider before purchasing.

Standard of living

The personal satisfaction offered in an area influences the choices to buying a property in Mumbai. Those hoping to purchase 3 BHK flats in Mumbai belong to the upper-middle income group. They want to buy homes in the same locality where others lead a similar lifestyle.

Great infrastructure

Those hoping to buy luxury property in Mumbai in the luxury segment prefer to have a great road network when they consider buying a property.

Possibility of property appreciation

Most of the people buying properties in Mumbai are mainly the end users. There hasn’t been any noteworthy difference between new and resale property, basically because the property developers are sure that their units will sell at a good price. Moreover, the new home owners are assured that their units can sell off at a better price due to lack of housing in the city.

Final words

These factors have been of great impact on the real estate market in Mumbai. Buyers have become smarter and this has obviously affected the builders who are now offering homes keeping in mind what buyers want.

Real Estate: the smart way to invest

While we have stocks, shares, mutual funds and lot more options to invest, why would you consider investing in the property or real estate market to be the smart way?

On the off chance when you skim through the history, you will see that numerous elite families have made-up fortunes through extensive investments in property and real estate market. Area is a restricted asset, and the demand for it will always keep increasing with the growing population. Studies show that the the average of total assets of property-investors/ owners is extensively more than the average of assets of people living in leased property.

One of the biggest feature that helps property-owner is that each home loan installment goes towards building value to the equity rather than living in a leased home where each rental installment just goes into the owner’s pocket. After numerous years of making home loan installments, you will turn being the owner of the house. Whereas while paying of the rent despite, you don’t possess even one square feet of the property and need to empty the premises when the lease terminates or when your landlord asks. Hence the simple advise for you is to think that why would you spend a critical lump of your salary on helping another person pay off his home loan when the same can be utilized to pay off your home loan and have your own equity build up?

Yet another advantage comes here, the more value you construct the more the value of your average assets increase. An extraordinary advantage of ownership is that of property appreciation. The cherry on the cake is ever increasing inflation that for property increases double the rate. So, while you own the house you are spared from the rent prices shooting up also the value of your property goes up.

Smart property buyers/ investors choose to pick premium houses and apartments built by the reliable and reputed builders or real estate agents.

So if you are planning your purchase, western suburbs make a good option to invest in the property as there are several development projects going on with reputed builder such as, Tripolis by Ekta Tripolis in Goregaon, Aroham by Kanakia in Borivali as well as Orina nad Paramount by Rutomjee in Bandra.

Why buy a house in Mumbai?

Just like you make several investment in stocks, funds, etc. Buying a house/property and investing in real estate is also important. Moreover, a house is not just the investment but it is a basic necessity. Also, this asset can reap healthy rewards if made a wise choice. And trust me folks, you cannot miss this golden opportunity.

The gradual shift of corporate and commercial market from south Mumbai to Bandra- Kurla complex has been one of the major reasons to have a high- rise in residential property demands in close proximity area. Western suburbs like Andheri, Goregaon, Borivali have emerged as the hot-spot areas in realty sectors. The housing and property developers serve the plethora of options for both: the people who look in to invest in property as well as the home buyers/ the end users. Quality infrastructure and smooth connectivity to express highways, link roads, and of course the life line of Mumbai ‘western railways’ has been the top most pro to have the house. On the other hand, south central suburbs like Chembur and Wadala have close proximity to commercial areas. Eastern freeway, link road and Mumbai Metropolitan Region (MMR) central zone, has fueled the property demand in these areas due to its connectivity.

Not only choice of localities is an advantage. This time, the developers have gone much beyond to comfort you providing a ‘premium lifestyle.’ The new launches consider providing security features, club houses, amphitheater, gymnasium, play area for kids and many more amenities. Folks, it’s a ‘Win- Win’ situation where you lose nothing and get all the benefits.

And take my words, in coming years these areas are going to rule the market. So, make the most out of this opportunity because regretting later will be of no use. Who knows, what will be next?

Ghodbunder Road is the new hotspot for new property buyers

Thane was a small district on the outskirts of Mumbai. Earlier, the town had narrow roads, small residential buildings but since the Ghodbunder Road has opened, Thane has sprung up as the most desired place to live in. Wide spread flyovers, non-stop highways, commercial hubs and well-connected roads have made Thane a unique to place to invest.

The property rates are surging in the Mumbai city. The Ghodbunder Road in Thane has raised from rags to riches and now home seekers are moving in as the 1BHK, 2BHK and even 3BHK flats can be afforded easily. A planned infrastructure of roads is what makes it a different place for living. Many young families are moving in Thane, because of the low cost of living. The properties are comparatively cheaper, plus they get better infrastructure, facilities and other amenities within the proximity. Ghodbunder Road has the potential in attracting more buyers.

Furthermore, people get quick access to Mira Road, Mulund, Bhandup and Ghatkopar. There has been a speedy development in residential buildings and property builders have shown interest in developing the area. There is a wide stretch of affordable apartments and premium properties spread across the Ghodbunder road.

The well-known MGM IT-Park and many other corporate parks are coming up in the area. The advantage of this region is that due to the rise in demand of houses, shopping malls, retail showrooms, banks, etc. are also growing all over the place. There is less traffic congestion due to the Kapurbawadi flyover and the monorail project, which will be coming up soon will make be another attraction for new buyers.

Demand for 2BHK in Mumbai on the rise

As the Mumbai property rates are still on the rise, many property developers are focusing on constructing small housing units. People are finding it difficult to buy a flat with large area. Therefore, they have to settle down for 2BHK flats that are affordable in some parts of the city.

Mumbai comprises a maximum of middle income group population. So, the developers are coming up with projects in the northern part of Mumbai where a 2BHK apartment is reasonably priced. The builders and property developers are aiming to fulfill the needs of the people with smaller families or working professionals who would like to invest in a small home first.

There was drop in sales of houses in the last few years, but as the markets have stabilized, people have started investing in smaller units. There is still hope that the market will go down further. The builders are promoting 2BHKs more to revive the markets. The demand for larger apartments is reducing and to balance the proportions, developers are coming up with smaller area and offering them at reasonable rates.

Since the property hiked manifolds, the buyers took the back seat and waited till the property rates stabilized and showed a downward movement. There are many apartments in the city that are still vacant due the skyrocketing prices in the past. There has been a pressure on the real estate market and developers are forced to construct more homes that are affordable for the middle class.

Hence, the government has given a go ahead to the construction builders to build smaller units like 1BHK or a 2BHK which can be easily bought by the public. This initiative will reduce the real estate pressure and help revive the property market that was in the lull period for quite some time.

1BHK flats are still in demand

1BHK, popularly known as one bedroom-home-kitchen has always been in demand in Mumbai. This is the most preferred housing unit that many buyers prefer to buy.

The smaller 1BHK unit is win-win situation for the property developers and home buyers. The prices are lesser compared to the 2BHKs and 3BHKs, even though the price range depends on the area you select. A 1BHK in a high-rise building in Bandra may cost Rs.3crore. Whereas, Andheri and Wadala will be priced at Rs.1crore. Borivali, Kandivali and Gorgaon further dips down to 70lakhs. And if your budget is less then, Bhayander, Mira Road and Virar will cost 25lakhs. The areas that cover the 20lakh bracket are Kalyan, Bhandup and Vikhroli.

The demand for 1BHK is rising because of the joint families that are now becoming nuclear. Young couples or a family with a kid are the target audiences for 1BHK flats in Mumbai. Plus, there are many new projects that are coming up in the city that also focus on these buyers. They incorporate few units of 1BHK or 1.5BHK to attract them to invest in the properties. There are many renowned builders that are bringing affordable houses in Navi Mumbai as well.

The young buyers have limited budget so they have to restrict themselves to live in 1BHK flat. The areas typically range between 600 and 640sqft and priced between Rs1500 and Rs3000 per sqft. There is a shortage of supply compared to the demand.

The demand for 1BHK homes won’t reduce as the buyers who purchase belong to the middle income group and can afford only a single bedroom. Moreover, a single bedroom is perfect for a family of two or three.

Easy way to find flats in Mumbai!

Mumbai, often referred as the financial related capital of the nation has ended up being one of the top favored for the vast majority of the MNC and huge corporate organizations due to several reasons. Over a period of time, Mumbai has seen tremendous development in the property estimations and real estate market. It has given an open door for the real estate developers/ builders to take up new development projects commercial as well as residential for settlement of more individuals who are settling here for their professional prospects.

On the off chance that you are looking forward to buy a house in Mumbai particularly in major residential areas like Bandra, Andheri, Goregaon, Malad, Thane and so on you have to invest some of your time in investigating and browsing through web. These days, there are several website that post property destinations accessible and give you data of house according to your needs and demands.

For example, if you look up for flats in certain area all you need to do is browse through the internet and google the destination with specifications as a result you will get the whole list of properties for the given area or else you can seek the help of estate agents or builders.

Choosing the rent amount to charge your tenants

Most of the home owners are unsure when it comes to set a rent amount. Charging it too high will risk on losing a large pool of potential tenants. Charge too less and you may wind up with an investment property which doesn’t give you enough returns. Take into account these things while setting the right lease amount for your investment property.

The best idea would be to check what your neighborhood is offering. But, that alone won’t help you in judging the right price. For example, two properties located in same area will have different prices. One is located near the noisy side of the street may have lesser rent, while the property in the quite location may be comparatively higher.

Other considerations are the number of rooms, whether the setting is an apartment or a villa. What facilities are coming along with the investment property, like a gym, swimming pool, parking, etc.? Major factor that influences your rent price is the condition of your property. Before you set the rent, you need to know how much money you will spend on that property, which includes the mortgage amount, taxes, maintenance and repairs, etc. Based on these considerations, you need to charge an amount that is higher, otherwise you will end up in a negative cash flow.

Don’t put the rent price too high, you won’t be able to attract tenants and that property will remain vacant for a long time. Set a rent that is considerable and your investment property get occupied as soon as one tenant leaves.

Finally, if you want to get rid of these puzzles, then it is good to hire a real estate broker who will help you from deciding on the rent to leasing out your property.

How to purchase a home that can give you better returns?

Buying a residential property and then giving it out to tenants is a fantastic approach to gain easy revenue. But, how would you know which properties to buy? Let’s discuss on a couple of tips that can help you in the future.

The primary motive of buying a residential property is that you are going into a business exchange, so don’t purchase a home based on your preferences. You have to pick a property that could possibly match with the expectations of the tenants.

Choose a residence that would attract a larger pool of leaseholders. For example, invest in 2BHK or 3BHK homes can get you imminent tenants. Something else that you should remember is the kind of occupants that you are focusing on. Every tenant has his one taste while selecting a home to rent.

Another factor that is worth considering is the condition of the property. If there are any repairs that need to be done, then you can ask the seller to renovate or lower the offering price. If the seller disagrees to do so, in that case check out other properties.

Also, check out the facilities available in the building where you are purchasing a property like a swimming pool, gymnasium, etc. These aspects are a big highlight for the tenants. Consider purchasing a property in a new construction that offer best amenities and facilities and you don’t have to spend any money on repairs.

On a closing note, buying a property in Mumbai to lease it out will not be difficult if take into account these factors.

Invest in the residential properties of Thane

The Ghodbunder Road has opened up way for the property developers. Since 15 years, the residential properties are rising and with more people migrating to the area, the demand has also increased in all these years.

Thane is offering luxurious properties situated in the lush green pastures, Yeor Mountains on one side and the creek on the other. You are away from the hustle of the main city and experience the comfort at an affordable price range.

There are many residential properties that are springing up in the Thane city. Many buyers are hesitant of going to the other side of Mumbai that offers some of the best choices. The homes are well located within the proximity to the railway station and bus stops. Many buyers prefer having homes near their work area, Thane is the city that gives you that advantage. Amenities like schools, shopping malls and hospitals are located are in the closer vicinity.

Thane is a place to experience tranquility, which you cannot feel in the city. You will be living a comfortable life at an affordable price and commuting is also cheaper. While selecting a residential property buyers often are not aware where to buy in Thane. Some of the upcoming areas are Kapurbavadi, Kolshet Road, Manpada, Azad Nagar, Patlipada, Waghbil, Anand Nagar, Kasarwadivali, kavesar and Ovla.

You can definitely find a good home based on your needs.You live a life king-size in Thane!

Chembur : The ‘hot-spot’ for real estate

Chembur, the pivotal suburb of Mumbai, is one of the major residential destinations in the city. Chembur has exceptionally attractive outlining on the Mumbai real estate map as it associate the Central Mumbai to Navi Mumbai. Its nearby vicinity to Eastern and Western Express Highways makes driving simple to Bandra-Kurla Complex and alternate business regions of Mumbai.

Famous for noticeable landmarks, for example, Tata Institute of Social Science, the popular Golf Club, RK Studios, Sadhu Garden, Dr. Ambedkar Garden and Diamond Garden, Chembur is likewise one of the greenest regions of the city. It is evaluated as one of the quickest developing suburb of Central Mumbai and with fast infrastructural advancement. Chembur has seen great residential improvement in the course of the most recent couple of years.

Contemporary project developments like, the Santacruz-Chembur link road, Chembur-Wadala monorail and the Eastern Freeway have associated Chembur to different prime office zones of Mumbai. The infrastructural development is all around created with various shopping centers, malls, restaurants, schools, colleges and hospitals. Chembur is seen as a standout amongst the most alluring private areas in Mumbai. Numerous famous developers have their private undertakings in Chembur for their residential projects. With costs ranging from Rs.16800–17500/sq.ft. and 15-18% of  annual appreciation Chembur is considered to be vital real estate investment hotspot.

Chembur: The ‘hot-spot’ for real estate

Bandra, has been a popular spot in residential reality market as it holds glamour and high standard of living, regardless its endless traffic. This region is a favored destination for major property seekers in view of its first class profile, and due to easy accessible shopping, human services, training and diversion offices. Engineers there are putting forth items in redevelopment plans.

Bandra East is likewise a growing residential property destination, particularly for residential home buyersand investors, since there is extensive rental interest from a tremendous number of individuals who have originate from outside Mumbai and are working in Bandra Kurla Complex. Both capital and rental qualities are going to take a toll in Bandra East, which it is profiting from the flood of interest that Bandra West can no more backing.

With the city’s CBD having, moved commercial business from Nariman Point to BKC, Bandra has turned into the new and favored destination by the entrepreneurs, the upper administrative unit and exiles. In the later past, with numerous substantial corporate houses moving their base camp to BKC, and numerous offices. Moreover the shift of India’s largest diamond market to BKC has made Bandra the heart of Mumbai.

Being the most noticeable CBD, Bandra’s real estate potential remains high as people working in BKC are searching for homes that consider close to 30 minutes’ go to home. Bandra West has as of now seen the rise sought after. With no area supply in Bandra West and constrained private supply, the costs have climbed impressively. This implies that the region is going to witness great levels of upswing in the coming years.

Why buy a home in Andheri East

Getting a home in any part of Mumbai is never easy. How about considering Andheri East that is strategically placed between the Western and Eastern express highways.

High rental and residential demand

Andheri East has become the commercial hub for many companies. Chandivali and Powai have seen a significant rise in the corporates. People want to get to work quickly. Andheri East provides the best road network, snapping to work in less than 10 minutes. Hence, residential properties are on the rise in the business center of Mumbai.

Affordability

Andheri East offers every one of the comforts of Andheri at a much lower expense. The normal rate/sqft can be as much as 30% lower than that of Andheri West, settling on it can be a prime decision for many home shoppers and investors.

Proximity to the airport

It is only a 15-minute drive from Andheri East to reach the airport. That’s how close it is to this area! So, if you are coming back in a late night flight, you can be home within minutes.

Accessibility to the Metro

Since metro has been running between Andheri and Ghatkopar, it has even made this area more popular. You can reach the nearest metro in less than 5 minutes and reach the central line as quick as 20 minutes.

Navi Mumbai wasn’t closer before

India’s first twofold flyover of SCLR reduces the time to reach Navi Mumbai. You can touch New Mumbai is less than 20minutes rather than an hour. If you work in Navi Mumbai this implies, you can be back in same time as it would take to South Mumbai.

Conclusion

Andheri East has emerged as one of the best areas amongst home buyers, especially the working class. The prices are comparatively lesser to the significant another end of Andheri and you can enjoy better amenities, facilities and better road infrastructure.

Where to buy flats in Mumbai?

Subsequent to the previous 2 years, the real estate market in Mumbai has been stifled to a substantial degree. The realty sector was on a consistent decline witnessing the sky rocketing property prices in Mumbai. However, the realty market has now stabilized over a few months with property rates in Mumbai are back to normal and individuals have been investing buying property in Mumbai.

Being the financial capital of India, Mumbai has turned being both residential and commercial hot spot. The city is a major hub for fashion and prevalent classes seeking luxury at reasonable prices. Considering the spurt in spending force and you will see that the city is one of the best places to live in India. Be it an extravagance apartment in Bandra or Pali Hill or a flat in suburban area, it will give you everything on a platter including your most loved flats in Mumbai.

With the real estate market developing rapidly and particularly demand to buy a flat in Mumbai quickly developing with every passing day. While the town side of the city remains a prominent alternative for owning a property, it is a slight bit costly and not exceptionally stash considering high Mumbai flat rates.

When compared to areas that are quickly developing with the same amenities and luxuries at much reasonable rate and easy access to commute. With most supermarkets and shopping centers right near you, it is yet evident that property value in the area will shoot up further increasing the demand for Mumbai flats in suburbs.

Property investment in Mumbai is one of the best ways to earn capital gains. However, you might want to consider a few aspects before you invest in a residential property in Mumbai.

Firstly, determine why is there a need to buy a property, what is that you are looking to achieve by investing in a property. It is important that you are clear in your goals before you choose to buy property in Mumbai. If you are not clear on your goals, you won’t be able to formulate the correct investment plan. A person who is planning to live off his investment properties after his retirement and the person who has invested inproperties near Mumbai to enjoy a healthy retired life will have a different investment plan and may adopt different strategies.

The next aspect that you need to consider is the time frame that you need to achieve your goals. This will help in formulating a better investment plan. It is better that you have long term goals that can help you assess it on the basis of reality. For example, you need to make a big amount say in 20 years. Then you need to formulate a yearly plan first in order to reach your desired goal.

Another major fact worth considering the risk involved when you consider investing a property in Mumbai. Of course, property investments are one of the profitable investments, but they also come along with a certain amount of risks. These risks may arise prior to investing in a property. Hence, a thorough research on the developers, their projects and completion of projects is essential.

It is also necessary that you consider your financial condition when you plan to invest in a property knowing that the property price in Mumbai is high. If you have a lot of loans under your name or your income is not high enough, then you might want to postpone the dream of buying a home in Mumbai. You can re-plan your property investments once you financially sound.

Another major aspect is the maintenance of the property. Once you have thought of buying property in Mumbai, you also need to consider the maintenance quotient that comes along with it. It could be quite expensive when it comes to maintaining your property that may require paying for repairs, utilities etc.

You also need to design a good exit strategy if things are not going according to your plan. Finally, you need to ensure that the property is built by renowned property developers. Buying low-quality homes will only increase your risk and you might also invest a lot of money in the long run. Hence, buy a home that is built in the premium quality material. It may cost you slightly more, but in the end, you are getting the best.

Facts to consider before buying property in Mumbai

Mumbai is the city of dream is additionally the financial capital of the India and the charming city ever. On the off chance that you wish to buy a house or residential property in India and if cash is not a strain, then Mumbai ought to be your first choice.

However, whether you are or not an Indian inhabitant or from another part of the nation, but remember buying a flat in Mumbai any residential property in Mumbai is in the higher range of the value chain. accompanies a strong price tag yet in the event that you are hunting down more prudent alternative, then available flats in Mumbai are the best.

If you have friends in the city, then ask them to guide about the reputed real estate agent. A good and reliable estate agent will first comprehend your financial plan and your necessities and after that will show you alternatives and options available. The virtual space is likewise clamoring with real estate and whatever you can do-is to go for an exhaustive preparation to think about their advantages. Likewise, newspapers also include advertisements about flats for sale in Mumbai.

Besides, taking the long traditional route to buy your dream home, go by the internet way social networking sites also helps being a great source to search for your dream home. You can post your prerequisites in your Facebook page or twitter handle and get tips of houses available to be in Mumbai.

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