Mumbai is a magical city to live in and buying a house here is like a dream come true. You must be aware that the real estate sector in Mumbai is one of the most expensive ones in the world. Finding the right place for buying in Mumbai can be a cumbersome task. Looking for a place that fits your budget, has the required facilities and is in good locality can be tiring. But if you’re looking to buy a 2 BHK flats in south Mumbai, then follow these simple steps.
Here are some useful tips using which you can easily find your desired home anywhere in MMR:
Choose Your Budget Range:
Budget is the most important factor in deciding the type of home you can buy. Everything depends on the amount of money you’re willing to spend. Because of this, many developers in Mumbai are introducing new budget friendly homes that are quite pocket friendly. Therefore, before you start looking for home, decide your budget range and then look for a place within that bracket.
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Select an Area:
After deciding on your budget, you can easily filter out different neighbourhoods or areas that fall within your range. Look for different neighbourhoods and compare them in order to choose the best one among them. Look for different options that are available in that area and choose a house or flat that is best suited for your needs. Neighbourhoods like Thane, Panvel, Khargar, Lower Parel, Mira Road etc. are quite popular among Mumbaikars these days.
When you are deciding on an area for buying your house, check the distance of nearest schools, hospitals & markets. As these are the places that you have to visit often, so having them nearby will be good.
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Find the Right Realtor:
Finding the right real estate agent can be quite tricky. So, you should use your agent after doing thorough research. Go for an agent that has a good reputation in the market and do an interview with him before hiring. Engage a realtor that matches your mindset because he’s the one who’ll be responsible for finding your house. Because if he doesn’t understand your needs, he can never find a suitable house for you so tell him all your requirements beforehand. Also try to engage a local agent so you don’t have to spend a lot of time waiting.
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Check RERA Certifications of the Property:
In order to prevent fraudulent practices in the real estate sector, the government of India introduced RERA Reforms. Therefore, before going for any deal, check the RERA certifications of the property that you intend to buy. Once you are sure that the property is clear and all the documents are genuine then go for it.
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Choose Renowned Developer/Builder:
The name of the builder or developer from which you are going to buy a property matters a lot. It always plays a key role in determining its resale value. Therefore, it is advisable to go for big or renowned developers or builders to avoid buying a house from a new builder/developer. If you’re looking to buy a luxurious apartment in South Mumbai, then consider a well-reputed place like Piramal Mahalaxmi tower. Buying a place in this locality will definitely give you good returns as well as handsome rental income.
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Checkout the Locality:
Another important factor that you must consider while looking for a house to buy is the locality. Before you decide on buying any house check out its vicinity and interview your neighbours for any prevalent issues. Asking the people already living there can give you a clearer picture of the problems and issues that you have to face after moving there. Also, check the location and distance of the nearest available bus stop, metro station & cab stand.
Check the Availability of Amenities:
Always check and ask about the facilities you will get if you buy a house there. Enquire your neighbours about the security conditions, water availability issues if any and the parking facilities you will get. Moreover, also check if any gym, swimming pool or sports areas are present in your residential area or not.
These are some of the factors that you must consider when you are looking for a house to purchase.
