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Here's Why Investing In A Property In Mumbai Requires Planning

By Admin Posted Oct 04, 2018 In Real estate

The real estate market of Mumbai is one of the most sought-after and expensive ones in the world. At the same time, it is a very diverse market that caters to a range of budgets and preferences. When it comes to investing in property in Mumbai, you have much to choose from and adequate planning is a must.

Here’s a quick guide to making a smart property investment in Mumbai:

1.     Connectivity and accessibility: It’s easy for your property to be lost in Mumbai’s hectic landscape. Good connectivity and accessibility are a must; so make sure to pick a location that is well-connected to schools, hospitals, employment hubs, public transit systems, and shopping malls and multiplexes. The infrastructure of the locality should also be well developed.

2.     Amenities and conveniences: Whether you’re investing in a residential property or a commercial one, the in-house amenities that the project offers are key. Look out for amenities such as elevators, power backup, parking facility, green spaces, swimming pool, gymnasium, sports facilities, clubhouse, etc. 

3.     Reputed developer: There’s no dearth of real estate projects in Mumbai, many of which are still under construction. To make sure that you’re going for a reliable deal, look out for a reputed developer with a RERA-compliant project and a good track record.

4.     Budgeting and funding: Once you have shortlisted the projects that you would like to invest in, it is a good idea to review your finances and arrive upon a budget. Explore your loan options to find the most suited repayment plans and interest rates.

5.     Resale value: It is important to assess the resale value and the ROI of the property that you wish to invest in. Various factors such as the locality, quality of construction and builder’s reputation influence the resale value and ROI of the property.

Looking to invest in a luxury 3 BHK flat in Mulund West? Discover your dream home at Runwal Greens, a premium residential project in Mulund by the Runwal Group. 

Disclaimer

The plans, specifications, images and other details herein are only indicative and subject to approval of the concerned authorities. The Group / Owner reserves the right to change any or all of these in the interest of the development, without prior notice or obligation. Artist’s impressions are used to illustrate amenities, specifications, images and other details and these may be applicable to select apartments only. Tolerance of +/- 3% is possible in the unit areas on account of design and construction variances. All brands stated are subject to final decision of the project architect. This printed material does not constitute an offer and/or contract of any type between the Group / Owner and the recipient. No booking or allotment shall be deemed to have been made on the basis of this printed material. Any Purchaser / Lessee of this development shall be governed by the terms and conditions of the agreement for sale / lease entered into between the parties, and no details mentioned in this printed material shall in any way govern such transactions unless as may be otherwise expressly provided in the agreement for sale/lease by the Group / Owner. The Group / Owner does not warrant or assume any liability or responsibility for the accuracy or completeness of any information contained herein.