Factors to Consider when Buying a Luxury Flat in Mumbai

Mumbai offers a plethora of choices as far as high-end homes are concerned. Here are few tips that you can consider when buying a luxury unit in the city:

You first need to learn the search process because many luxury flats in Mumbai go unlisted for protecting a seller’s privacy. You can find these properties through the personal connections of realtors. Not everything can be found on Google and Yahoo. You will have to go to more online resources or meet realtors in your city.

Make sure you don’t select or reject a property based on the photos that you have seen. There are many large luxury homes in Mumbai that are not that photogenic. You need to see them in order to check how good or bad they are. Also, visiting the property will help you see the infrastructure around. So don’t dismiss a luxury property on the basis of its front elevation pictures.

It is strongly recommended to hire a local expert when you buy a luxury property in Mumbai. Since you will be shelling a large amount, you need to take each step carefully. A good buyer agent will help you select a property in the area you want to buy in. He/she will be more familiar with the area and also know if the property you are eyeing is a good or bad choice for you. Not all luxury properties come in the market. You need to know a local expert who is aware of such properties that are on sale.

Make sure you are hiring a smart realtor who will give you the right suggestions. Also, pay attention to your financial planner’s suggestions. It is necessary that your financial planner and realtor agree on the investment that you are planning to make.

There is always room to negotiate. Have your real estate agent research comparable residential projects in Mumbai (units of which have recently sold). Once you have the closing prices of such properties, you can make an offer to the seller.

The luxury property that you choose should have fire-safety measures in place. Quality of the bathroom and kitchen fitting should also be checked if you are not buying a new property. It is better to create a checklist of factors that you need to check when visiting the property.

Look for the mod-cons that are on offer. Nowadays, most luxury residential properties offer mod-cons such as business centers, concierge services, indoor games, landscaped areas, play areas and facilities and convenience stores.

Consider the ambience of the property because the mark of an upscale property is sufficient floor-to-ceiling height and various other factors. For instance, if the floor-to-ceiling height is less than 12 feet, it will be hampering the warmth and openness of the house.

Make sure you consider the above-mentioned factors when looking for a luxury home in Mumbai. It will not only get you a good deal but also a dream home that you always wanted.