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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

Mistakes To Avoid With Home Loan

Anyone who wants to buy a property in Dahisar East knows that the financial capital commands the highest property prices in the country. Most home buyers who want to own a home in Mumbai take a home loan to fulfill their dream. The process of getting a home loan is not an easy one and requires one to be aware of many factors. By following the guidelines discussed below one can make the process smooth and unambiguous. Let us refer to the home loan guide and understand all these one by one. Checking Credit Score The CIBIL score is a credit score that provides information about the buyers ability to repay loans to the lender. It is an important measure used by most loan providers to sanction loans. A borrower must always check their credibility via the CIBIL score before applying for a home loan. This will prevent any hindrances in loan approvals. Doing the research There is a plethora of financial institutions that offer home loans in the market. The fierce competition between them gives the borrower many options to choose from. The borrower must compare the loan offerings before choosing a particular lender. The reputation, schemes, and expert reviews of these lenders can be checked online and through word of mouth on their social networks. The products, tenures, and interest rates need to be studied so that the right product can be chosen. Documentation and Procedure A home loan is a contract between two parties. It involves many legal implications for both parties, especially for the borrower. The borrower agrees to the terms and conditions set by the lender when he signs the documents. Reading and understanding the fine print is a crucial part. Signing the documents unknowingly can result in serious repercussions. The lender may impose unknown terms, conditions, or hidden charges that the borrower is not aware of. All the fine print must be clarified with the lender to avoid future complications. Personal Financial Planning Home loan repayments are made in EMIs (Equated Monthly Instalments). It is important to make calculations and allocate funds for the EMI payout, expenses, and emergency fund from the monthly income. One must choose the right home loan plan that fits the budget. Missing the due dates and late payments lead to large penalty charges. It is always better to choose a home that allows easy repayments. Down Payment Every home loan requires a sizeable portion to be paid as a downpayment. This ensures that the borrower can make future payments on time. It also acts as a security for the home loan and ensures a level of trust with the lender. This sum is usually large, and the borrower should have this amount ready before beginning the process of availing of the loan. Consulting a home loan guide or legal experts before making the decision to buy a home is always prudent. It is better to be safe than sorry. ...
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Home Buying Guide

5 Attributes To Factor In Before Investing In A Home In Mumbai

The Mumbai real estate market has shown robust growth in the past year and continues to be the biggest in the country. The high reality prices, increase in stamp duty and registration costs, and high rates on housing loans have not deterred the interest of home buyers and investors. A crucial factor for this demand is the rapid city-wide infrastructure development and construction to offer seamless connectivity to every corner of the MMR (Mumbai Metropolitan Region). The big real estate tycoons in Mumbai offer various types of properties, from luxury homes to more affordable ones. The prices of properties can vary depending on their location. South Mumbai has the most expensive properties, and prices decrease as you move north into the suburbs. The five factors to consider before investing in Mumbai are discussed below. Budget Planning Before you start looking for a home, figure out your budget. This will help you narrow down your options based on location, size, and amenities. Consider additional costs like registration and documentation fees. If youre thinking of getting a loan, make sure you and your spouse are eligible for loans with lucrative interest rates and other perks. Proper planning of the finances with details of income vs expenditure on paper will streamline the buying process and make sure you dont face problems with repayment. Market Research Home buyers can make informed decisions as all the information is now available online. Online portals provide all the relevant information like pricing, MahaRERA number, date of completion developer profile, flat configurations, project amenities, and floor plans. These details can be used to select properties that fall within the required budget and criterion. Doing market research is essential to know the options and information that are required to make the decision. Location Matters The location of your home affects your daily life, including your commute, access to facilities like schools and hospitals, and overall convenience. Although Mumbai is the safest city in India, the locality of the project you choose matters. To experience safety and well-being, the choice of location makes a significant difference. If you want to buy a home at projects in Dahisar East you can be assured of your safety and convenience. Price and Negotiation Pricing is a major factor in the buying process and the procedure can be a complicated one. It is imperative to understand the pricing thoroughly and get the tiniest of doubts cleared to avoid any surprises later. Make sure that there are no hidden charges that will crop up at a later stage and disrupt your calculations. Many developers offer lucrative schemes during festive seasons, launch phases, and promotions. Male most of these opportunities to save as much as possible on the final amount. Try your best to negotiate the price as most developers are ready to cut a few corners. Physical and Legal Inspection Before making any payments, thoroughly inspect the property. Check for construction quality, and any issues with the structure or interiors, and make sure everything meets your expectations. Also, carefully review legal documents like title deeds, certificates, and approvals to avoid future problems. Other documents like allotment letters, cost sheets, sale agreements, possession letters, and society membership should be studied thoroughly so none of the minute details are missed. Evaluate the available amenities within the project. Both budget and luxury flats in areas like Dahisar offer various facilities such as parking, gardens, recreational zones, and clubhouses. Make sure the project delivers on the promised amenities, considering the needs of you and your family. Buying a home is a delicate process. It may not be easy to find a home that perfectly fits your budget and desires but keep looking for the option that aligns with most of your checklist for your dream home. ...
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