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How to Optimize Your Search to Find Your Dream Home in Mumbai
Posted: Jul 02, 2022
Mumbai is definitely an asset that you ought to invest in as soon as you can since the market is always on an upward trajectory. The more you delay, the more you would be losing to inflation. At the same time, selecting among the assortment of flats in Mumbai can be strenuous.
So, how should you approach the entire procedure? First off, to narrow down from a pool of projects in Mumbai, you have to refine your search into categories.
Formulate a BudgetAllocating an estimated value to your dream home can help you zoom in on your search. No matter how grand your budget is, some of the projects simply don’t match the expectations of affluence.
Every location in Mumbai has a different market value for a similar project. Suppose you are looking for 3 & 4 BHK apartments in Mumbai, you will find a different value per sq feet area for different locales. If you have a set budget it will help you in discarding options that are overvalued.
Some contracts clearly state about the maintenance charge and parking lots; which means you have to churn out extra money every year towards the co-op society. If you have a budget, it will help in identifying whether these extra costs are conducive to you.
Searching a Location That Bodes You WellOne of the major issues in Mumbai is the inevitable long commute. These jarring hours are taking a crucial part off of our work-life balance. Finding a location that has the convenience factor will also give you better rental returns if you are looking for just real estate investment.
One such place that has shown immense potential in terms of connectivity, productivity, proximity, and a wholesome lifestyle is Dadar.
The Mumbai Suburban Railway line divides it into two prominent areas - Dadar East and Dadar West. It is the most connected point in Mumbai since a multitude of commuters from all over meets at this junction.
This was a key factor in increasing the market value of property in this area. Which is why property in Dadar East is a hot commodity for many investors which also connects directly to South Mumbai.
Analyze the Property and the VicinityOnce the locale is finalized, inspecting the neighbourhood will give an insight into the essential supplies, security, demography, general standard of living, status. People prefer convenient access to fundamental services such as healthcare & education. The vicinity plays an important role in determining whether it is worth your long-term commitment.
If you are looking for a high standard of living with 3 BHK flats in South Mumbai, then a project by Bombay Realty has become a buzz in the real estate market that provides the ultimate lavish experience.
Island City Center has a more spacious carpet area as compared to other 3 & 4 BHK apartments in Mumbai, top-class amenities within the complex, and close in proximity to essential services. Plus, the guarantee of a trusted brand like the Wadia Group (Bombay Realty) is an assurance of the optimum living experience.
Flats in Mumbai can be categorized on a broad spectrum; analyse the permutations that suit your lifestyle. Rest assured; Mumbai has something for everyone!
Sonali Patel has worked in several reputed real estate companies in Mumbai. Currently, she has expert knowledge and wrote blogs about real estate trends and give tips on buying flats in Mumbai.