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Developing Iconic and Exclusive Communities for Holistic Living

2023-10-16
Home Buying Guide

Emerging Real Estate Investment Option For House Buyers Dahisar

Once a remote suburb in north Mumbai, Dahisar has developed into a swanky and thriving real estate location. In a short span, it has developed into a major hub for property investment. Earlier, Dahisar was mostly occupied by small apartments. But in the past few years, one can see the suburb being dominated by multi-storeyed towers. Many developers are developing world-class projects to make the most of the growing demand for real estate. Several factors have resulted in these developments making Dahisar a good option for long-term investments.

Connectivity

Dahisar is connected to all the major parts of Mumbai by road, suburban railway, and public transport. The Dahisar local railway station comes after Borivali on the western line of the Mumbai suburban rail network. The Western Express Highway in Mumbai passes through the suburb. This highway extends as the Mumbai – Ahmedabad highway. The metro network which is developing at a fast pace will improve Dahisars connectivity by several folds. The three lines – Line 7 will connect Dahisar to Andheri East, 2A to Andheri West, and 2B to D N Nagar in Andheri West, will make the suburb easily accessible to all the major economic hubs in Mumbai.

Infrastructure

The Dahisar- Mira Road-Bhayander micro market is seeing rapid infrastructure development to support the burgeoning real estate growth. Well-planned roads, flyovers, and improved public transport have made movement smooth within these areas. The concretization and road widening exercises have also improved traffic movement and access within the suburbs. Builders in Dahisar are investing in prime localities to make most of the infrastructure development.

Social Infrastructure

Every family needs a sound social infrastructure that is conveniently accessible from their residence. Dahisar has some of the best educational institutions, hospitals, schools, supermarkets, and shopping malls. Well-equipped hospitals and competitive educational institutes are no longer the privileges of hubs like Andheri only. They are present in Dahisar too. Dahisar is self-sufficient when it comes to choices for entertainment and leisure with multiplexes, cafes, restaurants, and recreational centers. One doesnt have to travel to the urban pockets of Mumbai like before to enjoy a good weekend.

Amenities

There was a time when most suburbs of Mumbai faced water shortages and power cuts. Thats not the case anymore. Residential projects in Dahisar no longer complain of water shortage or load shedding. The availability of these basic amenities further boosts the possibility of other amenities improving daily life in the 2 BHK Apartments in Dahisar. Now, most developers offer amenities like swimming pools, clubhouses, gyms, sports centers, etc in their projects.

Real Estate Projects

Given all the developments many residential and commercial projects are now available to the investors. The projects cover all budgets from affordable to premium, offering a bouquet of properties to invest in. These projects are developed by reputed builders who provide world-class amenities that cater to different preferences of buyers. There can be significant differences between 3 BHK flats in Dahisar and 4 BHK apartments in Dahisar depending on the project and developer.

These reasons make Dahisar an ideal location for families and working professionals who want to settle down, start a new business, or invest in assets.



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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