Planning To Buy A Spacious Home In Mumbai: Some Factors You Need To Know

Mumbai, the city of dreams, has always been the hotspot for new home buyers. The reason being is glorious opportunities, affectionate culture, the people and the ever-growing infrastructures. Though buying a home in the investment capital of India is a big deal, there are a lot of factors that you need to consider.

If you are someone who is planning to buy a spacious home in Mumbai, here’s something you must know:

Choose Your Location Wisely

One of the essential factors to consider before buying any property is the location. Find a home that’s a centre to all your needs; a home where educational institutions, healthcare centres, workplaces and other social and entertainment hubs are nearby. Bandra, Kurla, and Andheri are the prominent locations of Mumbai, but with the current infrastructure growth, even buying a spacious apartment in Dahisar can yield fruitful returns.

Run A Background Check On Developers

Once you have finalized the location, the next factor you need to focus on is the developer. Given the exponential growth of the infrastructure in Mumbai, many developers have chosen this city for their upcoming ventures, leaving you with numerous options to choose from. It might happen that in selecting a renowned developer in Mumbai, you miss out on other exemplary developers. Thus, make sure you do a background check on all the developers you shortlist and then move on to the next step.

Understand The Difference Between Carpet And Built-Up Area

Many times people report that they haven’t received the area specified by the builder. It may be due to the shortcomings in the carpet area when compared to the built-up area mentioned. What’s the solution for this blunder of the area? Always go with the carpet area! Before you take things far further, understand the brochures, the difference between both areas and clear your doubts with the concerned authorities.

Verify The Documents

Before you make the payment, don’t forget to check the documents of the property. Though documentation can be a tedious process, it is a necessary process to save you from fraud. It also gives you a clear picture of any hidden costs, saving you from a massive mishap. The legal documents to be verified include the sales deed, commencement certificate, encumbrance certificate, building plan, purchase agreement, etc.

Know About The Utility Charges And Security Protocols

A home is a place where you feel safe but, living in a spacious home in Mumbai can call for surprising security concerns. To keep you and your family safe from burglary and asset thefts, it is essential to pay attention to safety measures. Also, before moving into your lovely abode, you must check out the charges levied by the developers or the society. Doing so will help you get an idea of utility charges such as parking and maintenance.

Over the period, home buying has become a lot smoother than earlier. Still, people find it tiresome and end up putting themselves into an ocean of problems. If you pre-plan your home buying process and use the above tips, you can buy your dream home effortlessly.

We are a renowned real estate developer with 50 years legacy, developing apartments and villas across Mumbai, Thane, and Goa