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Thinking Of Buying A Home In Mumbai? Here's How You Can Go About It

By Admin Posted Jun 13, 2018 In Property investment

Mumbai is one of the most coveted residential destinations in the world, and most certainly India’s star city. Whether it is because of the world-class infrastructural development or the extensive range of employment opportunities here, owning a home in this city is nearly on everyone’s wish list. However, with so many options in Mumbai, the home buying process can turn into a lengthy and confusing one.

If you are looking to buy a home in Mumbai, here’s an easy way to go about it.

1.     A good location is all-important: Your home in Mumbai must always be well located. Whichever part of town you choose to live in, ensure that your home offers you quick and easy access to schools, hospitals, employment hubs, shopping malls, retail outlets, multiplexes, etc. Make sure that the roads are well-maintained, and that public transport is easily available. 

2.     Look out for a wide range of amenities: Go for a residential project that offers a wide range of fitness and recreational amenities for an enriched lifestyle. Commuting in Mumbai can be a hassle, so it is a good idea to have all these amenities at your doorstep. A swimming pool, gymnasium, sports facilities and clubhouse are some amenities to look out for.

3.     The ROI and resale value must be assessed: Assessing the ROI of the home that you wish to buy is a crucial part of the process. The locality and neighbourhood, the quality of construction and the builder’s brand name are some factors that influence the resale value and ROI of the home.

4.     Review your finances: At this stage, it is essential for you to review your finances. This includes arriving upon a budget, figuring out the methods of payment (down payment and EMIs) and reviewing the appropriate home loan options. Build up your credit score before applying for a home loan in order to expedite the approval process. Another important thing to remember when buying a home in Mumbai is to never get carried away and pick a moderately sized home that you can easily accommodate in your budget.

5.     A reputed builder is a must: Mumbai is replete with real estate projects of all kinds. However, a wise home buying decision calls for investing with a reputed and trustworthy real estate developer. This ensures safety, transparency, quality construction and timely delivery. 

Discover the perfect home in Mumbai at Runwal Bliss Kanjurmarg. Runwal Bliss, a premium residential project by the Runwal Group, presents 2, 3 & 4 BHK flats in Kanjurmarg East.

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.