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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

3 Necessary Things to Know Before Buying an Apartment in Western Mumbai

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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Home Buying Guide

Common Home Buying Myths of Todays Homebuyers

Let us dive straight into it. Debunking home buying myths with common sense and knowledge.

Home search is the first step.

The first thing first time homebuyers do is start looking for online listings of current and upcoming projects. This is a waste of time and homebuyers should follow a plan before starting their homeownership journey. The first step is to assess the financial state and calculate available funds. If a loan finances the purchase, then the EMI payout for the loan and downpayment amount need to be reserved and estimates must be made accordingly. This is a practical approach if the homebuyer is serious about investing in a property.

Rent vs Owning.

Both renting and owning a home have their pros and cons. While renting can save the downpayment amount and a part of the EMI payout, depending on the rent, a home loan will permanently solve the problem of shifting homes and provide the proverbial roof over the head. Also, the rent can serve as an EMI payment if the downpayment can be arranged. This is a scenario where sufficient income makes it possible to pay the EMI and manage other obligations.

Home maintenance is expensive.

Maintaining a home is an investment that every property owner must make. As the property value and rentals appreciate, investment in maintenance to improve the property value is essential. Regular inspections and nipping the problems in the bud will save significant costs. If problems are ignored, then repair costs increase. So, the difference is not significant and it should not come in the way of owning a home.

Large down payments

The common myth is that home loans require large downpayments. This is not true as many banks offer special provisions to reduce the downpayment amount. Builders and developers offer attractive schemes for home buyers which reduces the downpayment amount.

Glamorous builders are reliable

Never judge a book by its cover Advertisements and brochures should not be blindly believed. Many builders are vying for a large piece of the real estate pie but not all of them can deliver. It is important to research builders and their past projects before considering their projects. The information is available online. It can also be obtained by speaking to experts from the industry like brokers, agents etc.

Home buyers and investors who want to buy property in Mumbai must keep the above points in mind.

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