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Want To Buy A Luxury Residence In Mumbai? Here Are 7 Things You Should Know

By Runwal Group Posted On Sep 10, 2020
Category Residential properties

Want To Buy A Luxury Residence In Mumbai?  Here Are 7 Things You Should Know

Owning a luxury residence in the city of dreams is truly a reflection of your status and an icon of prestige. Investing in a luxury residential project in Mumbai speaks volumes about the kind of lifestyle you lead. Everyone aspires for an opulently designed, spacious home that overlooks lush greenery or stunning sea-views at one of Mumbai’s premium addresses.

If you’re making this lifestyle experience a reality, here’s a checklist to consider before you set out to purchase a luxury flat in Mumbai. Take a look!

1: LOCATION

LOCATION

A centrally connected location with an upscale neighbourhood is one of the most essential elements for a property to belong to the luxury label. Make sure that your address is a quick commute from the city’s business zones, social, entertainment & lifestyle hubs, and travel junctions such as the metro, railway and airport. Andheri, Worli, Bandra, Powai, South Mumbai and Juhu are a few of the enviable residential localities in Mumbai.

 

2: PROJECT DENSITY

PROJECT DENSITY

Space is a luxury and that’s especially true of Mumbai. For a property to be classified as a luxury development, it should ideally be designed for low-density, spacious living with private residences for a select number of families. An overcrowded and cramped dwelling doesn’t evoke any sense of exclusivity or privacy.

 

3: ULTRA-LUXURY AMENITIES

ULTRA-LUXURY AMENITIES

A development with beautiful architecture and impressive interior spaces coupled with state-of-the-art amenities is ultimately designed to elevate your living experience at home. Home-buyers looking for luxury flats for sale in Mumbai should seek out residential properties that offer top-of-the line interior features and outdoor facilities such as scenic views, landscaped gardens, playing courts, a swimming pool, a hi-tech gym, dedicated parking, 24/7 security, spacious lobbies with high-speed elevators, and more for a wholesome, comfortable lifestyle!.

 

4: FUTURE APPRECIATION VALUE

FUTURE APPRECIATION VALUE

Always invest for the long term. A luxury development in Mumbai’s premium localities is bound to witness a tremendous capital appreciation and give you impressive returns over the years. Before settling on a luxury property, factor in your future lifestyle needs, the location connectivity, and the scope of infrastructure development.

 

5: BUILDER’S REPUTE & CREDENTIALS

BUILDER’S REPUTE & CREDENTIALS

Apart from the location, choosing a property from a reputable builder is as important. You can expect benchmarked standards for architectural design, cutting-edge technology and engineering innovation when browsing through luxury projects by a credible developer. A trusted real estate builder will adhere to all promises of construction quality, listed specifications, provision of common amenities, and delivery date to ensure a hassle-free home buying experience.

 

6: PROPOSED LAYOUT PLANS

PROPOSED LAYOUT PLANS

Remember to review the proposed layout plans of the property to get an insight into the super built-up area, built-up area and carpet area, common amenities and facilities listed, etc. There shouldn’t be a deviation of more than 5% from the approved layout plan. It’s important to examine these elements before coming to the decision of purchasing your luxury flat.

 

7: LEGAL DOCUMENTS & CERTIFICATES

LEGAL DOCUMENTS & CERTIFICATES

Once you’ve decided to invest in a particular luxury residential project in Mumbai, verify all the legal documentation related to the property. Ensure that the title papers, occupancy certificate, construction approvals, zoning ordinances, and necessary permits are in place. Recheck all the payment terms in the sale deed and ownership transfer papers as well as all the financing options and interest levied on loans before finalizing any transaction.

 

Runwal is one of the leading developers in Mumbai, offering lavish residential developments in the city’s strategic suburbs. Every luxury property features exquisitely designed residences, world-class lifestyle amenities and state-of-the-art infrastructure. If you’re interested in booking a luxury home, check out Runwal’s iconic landmarks in Kanjurmarg and Mulund!

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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.