The Mumbai real estate market is the largest and most prominent in India. Investing in an apartment in Mumbai is a lucrative opportunity for investors as well as home buyers. There are many projects for buyers to choose from in Mumbai. Buyers need to know the most important criteria while choosing their property. Their choices are personal and a one size fits all approach is not feasible for apartments. This blog discusses 3 necessary things home buyers should know before they invest in an apartment in Western Mumbai.
Location and connectivity
The location is by far the most important criterion to consider while buying an apartment anywhere, not just in Mumbai. It determines many things like the price, convenience, connectivity, and overall quality of life. Choosing a neighborhood that is close to the suburban station, bus stand or metro station favors people who commute daily. Less congested locations are preferred to reduce the vows of commuting in Mumbai. Locations prone to traffic congestion make movement stressful. The location should have easy access to schools, hospitals, and supermarkets for daily essentials like the projects in Dahisar. In western Mumbai, locations like are good examples of locations Dahisar, Bandra, Andheri etc, that meet the above considerations.
Property Rates and Builder Reputation
Western Mumbai is a large area and commands premium rates. Numerous projects are offering a variety of apartments at different prices and categories. Researching price trends will reveal locations and projects that fit in the buyers budget. The projects should be developed by reputed builders in Mumbai. Many projects in western Mumbai including flats in Dahisar, are being developed by reputed and unknown developers. Blindly believing the developer can be a risky affair. It is important to research the developer before investing in these. The projects should be RERA registered and known to deliver projects on time meeting the expected quality standards. If you are searching 2 BHK flats in Dahisar then make sure the amenities and facilities match the brochure.
Features and Prospects
The apartment should be scientifically planned with provisions for sufficient ventilation and lighting. The project should be well planned with proper security, basic amenities, and a healthy environment. The apartment project should have the facilities and amenities that meet the requirements of all the members of the family. Open green spaces, gardens, and pollution free environments ensure a peaceful atmosphere.
The apartment is also an investment and should have good resale value. Upcoming infrastructure projects, better connectivity, and ease of congestion are good for the property ensuring long term appreciation. Upcoming business hubs, IT parks, and commercial development will appreciate the property value.
These are the 3 necessary things to know before buying an apartment in Wester Mumbai.
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