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Developing Iconic and Exclusive Communities for Holistic Living

2022-01-14
Home Buying Guide

Advantages of Buying Ready To Move In Apartment in Mumbai

Due to heavy funds involved in buying a home in Mumbai and delays in possession of a new property people are aggressively opting for ready-to-move-in apartments in Mumbai. Timely deliveries and fund security are the two most important concerns in homebuyer's minds while looking out for a new home, in the case of ready-to-move apartments both these aspects are taken care of.

You get what you see

One of the best advantages of ready-to-move-in properties is that you get what you see and pay for. There is no risk of discrepancy with the layout shown, features, and amenities promised unlike in the case of under-construction properties. You can inspect the house thoroughly before finalizing and making the payment.

Immediate availability

There is no waiting period to move into your new space. All you need to do after finalizing the home is to make payment and take care of the documentation work and that’s all. If you are staying in a rented apartment currently and getting your new house financed, it will also save you from the double burden of paying EMIs & rent.

Can serve as a source of additional income

If you are purchasing a new house as an investment, due to the ready availability of the property after buying it you can also think of renting it out immediately. The rental benefits can serve as a source of additional income for you.

You can know about people living around you

It's important to know about your neighbors and surrounding area before you shift to a new place. Buying a ready-to-move-in home gives you the advantage of understanding your neighborhood and the people around you in advance. One can also check the connectivity, convenience to the local market, and other benefits of the locality before buying the property.

You can buy within your budget

You can choose ready-to-move-in property as per your budget. As such properties are available for immediate possession, if you find the one suited for your requirements and if it fits in your budget you are good to go, unlike in the case of under-construction properties where there are chances of price getting increased will you could get possession of the flat.

With all the advantages mentioned above If you are looking for 2 or 3 BHK flats in Dahisar, N Rose developers a well-known name in the real estate industry have their mighty projects in Dahisar East that offer your ready possession flats. Northern Hills, a premium project by N Rose developers offers you 2 & 3 bed ready-to-move-in luxury residences with modern kitchen fittings, 8 level parking facilities, great connectivity & amenities that take care of all your needs.



Home Buying Guide

The Benefits of Homeownership: Financial and Emotional Rewards

Home is like an anchor in your life. it is a place where you belong where your family lives where you can feel yourself where you feel safe and at ease. Owning a home provides numerous benefits be it financial or non-financial. In a surging economy and thriving real estate industry, owning a home can be extremely beneficial. One can choose from options like luxury flats in Dahisar with world-class amenities. Although owning a home is not easy, the benefits it offers outweigh the challenges. Let us look at the financial and emotional rewards. Financial and emotional security Living in a rented home poses many risks financially as well as emotionally. Rising rentals and the risk of being asked to vacate at short notice can be stressful. By owning a home in new projects in Dahisar, one can rest assured that they and their family are firmly rooted and can live a stress-free life. The home can be your little world which you create and recreate as and when you wish. Investment and legacy building It is well known that real estate investment is one of the best means of multiplying wealth today. As one invests in a home the property appreciation promises to give high returns over time. Building a home also leaves a legacy behind for your loved ones serving as a means of pride and ownership. Flats in Dahisar East offer the ideal location and social infrastructure for generations to experience a comfortable lifestyle. Safety and security A home is where one feels safe and secure from the outside world. One thinks of their home as a place to recuperate and energize to face the world every day. It is also a safety net for your hard-earned wealth that cannot be lost. Since buying and selling property is a long process one cannot liquidate their home easily and at short notice. Wealth invested in property is more secure than liquidity. It is easy to get a loan against property on the home that is owned. Property is most preferred by financial institutions as security against loans making the disbursal easier. Smart Investment Property is a tangible asset whose value appreciates over time acting as a hedge against inflation. It is an asset class for long-term investment and helps diversify your financial portfolio from stocks, bonds, and traditional investments like fixed deposits. The importance of owning a home has become more significant after the pandemic as people realize the importance of having financial stability. Owning a property may have many financial benefits but the emotional benefits are greater. It is no surprise that owning a home is everybodys dream. ...
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Home Buying Guide

Mumbais Real Estate Regulatory Authority (RERA): A Guide for Buyers and Sellers

RERA or Real Estate Regulation and Development Act is a regulatory authority for the real estate industry. The laws in the act have laid down standard rules for the sale and purchase of properties which must be mandatorily followed by developers and builders in Mumbai. They act as a guide for property buyers to bring transparency to the property buying process. The act came into effect in May 2017 with guidelines designed to save homebuyers from fraudulent practices and boost investment in Mumbai real estate. RERA registration Under the RERA every builder and developer has to mandatorily register their residential or commercial properties if the total land area being developed is more than 500 square meters or the total number of units is greater than 8. The builder cannot market or sell his properties if it not registered with the RERA authorities. All the details of the project need to be disclosed in the public domain by uploading on the official RERA website. Calculation of Carpet Area The developer must follow the standard procedure to calculate the carpet area. The carpet area is defined as the net usable floor area of the apartment that does not include external walls, service shaft areas, balconies and verandas, and terrace areas. If the builder wants to make any changes in the initial approved plans it can be done only after acquiring the consent of two-thirds of the allottees in the project. Delivery and Updates RERA makes it compulsory for the builders to complete the construction of the projects in the stipulated time failing which they may have to refund the amount paid to the buyer or pay interest for every month till possession. The builder must provide quarterly updates about the status of the property in Dahisar East and details about the number of units sold. Standardised agreements As per RERA norms, every builder or reseller must follow a standard format for the sale agreements. Builders are allowed to alter the agreements as per the facts declared. This prevents homebuyers from getting duped by one-sided agreements benefitting the builder. Advance Payments Under RERA guidelines, the builder cannot demand more than 10% advance of the property value. The builder must enter into a written agreement with the buyer for additional payments for any property in Mumbai. Grievance Redressal If the homebuyer identifies any structural defect in the property within five years the builder must rectify them within 30 days or compensate the homebuyer accordingly. All complaints against the builder in Mumbai must be made in writing to the Mumbai RERA authorities. The RERA authority will have to resolve the grievance within 60 days. These are important RERA guidelines that every buyer and seller should know before buying a home. ...
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