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2023-08-14
Home Buying Guide

Tips For First Time Homebuyers In Dahisar

Are you ready to buy your first home? Finally, moving out of the maze of renting home after home, year after year? Its a wonderful feeling to own your first house. An exciting step in your life. Especially if you have chosen a property in Dahisar East. But have you done your homework before you plunge into the process?

Here are some pointers for you before you start short-listing your potential first house.

Budget Planning

Dahisar real estate offers a wide range of properties covering luxury apartments to budget homes. The common configurations are 2 BHK and 3 BHK flats in Dahisar East. Before starting the property search, you must know your budget and the amenities you desire. It would then be easier to short-list the projects that offer homes that are the right fit. Visiting properties ad-hoc is not only a waste of time but also risky as you may choose a property that doesnt fit your budget.

Location

The convenience of a location decides the quality of life of the residents. Factors like the distance of the residence from the work location, its connectivity and accessibility, and other necessary facilities like schools, colleges, and hospitals are some considerations that will determine the daily experience of living in the new residence. By considering these factors you are being proactive about day-to-day life in the future.

Reputation of the Developer

In todays day and age, every developer and builder promises the best residences and amenities in their upcoming projects. It is not prudent to blindly believe the brochures and catalogs as these are designed to impress potential buyers. By visiting the developers previous projects and discussing the experiences of its residents, one can get a good idea if the developer lives up to their promises. You must be wary of considering first-time developers unless you are sure of their reputation.

Home Inspection

A physical inspection of the property before making a downpayment is every buyers responsibility. The quality of the construction and interiors of the property should meet your expectations. There should be no flaws in the physical structures and interiors of the property. You dont need any major or minor repairs that will further add to the heavy investments that are being made. The buyer should also know the maintenance bills and taxes liable to avoid any surprises later.

Facilities and Amenities

Having inspected your future home, the next step would be to check the space and facilities in the project. This includes the common areas, parking space, gardens, recreational areas, clubhouse, and other amenities if any. Northern Hills is a luxury project in Dahisar East that offers sky and podium amenities.

The complete process of buying a home and moving in is a fine balancing act. It may not always be possible to get a home that perfectly fits your budget and aspirations. However, one must always try to find the best fit that ticks most of the boxes on your checklist.



Home Buying Guide

Real Estate Terms To Know Before Investing

Investment in real estate is currently one of the most lucrative modes of investments. Dahisar is a suburb of Mumbai and is one of the upcoming real estate hubs in the city. Dahisar East has all the ingredients that any home buyer wishes for. It has the best connectivity, social infrastructure and a thriving urban life in the heart of the metropolis. Investing in a property in Dahisar East would be a lucrative decision assuring excellent returns. But before investing, investors must know basic real estate terms without which it would be very difficult to make informed decisions. Carpet Area The definition of carpet area remains the same for all the flats in Dahisar East. It includes: 1. The complete floor area covered in a carpet was to be laid on it. 2. The thickness of the walls between the rooms. 3. Staircase, if any, only inside the property. It does NOT include: 1. Area covered by the external walls. 2. Areas under service shafts. 3. External areas like the Balcony, veranda, terrace, and flower beds Built up Area. The Built Up area is the sum of the carpet area and the area covered by the separating walls and the balconies. The builtup area is usually 20% to 30% more than the Carpet area. An easy formula to calculate the Built Up Area can be: Built Up Area = Carpet Area + Thickness of the external walls + Balcony area + Exclusive Corridor area Super Built Up Area or Super Area A Super Built Up or super area is a total saleable area that includes the built up area and common areas like the staircase, lobby, corridors, lifts, and amenities like gardens and a clubhouse within the confines of the building property. So if you were to invest in 2 BHK apartments in Dahisar East the carpet area, built up area and super built up area are important terms to know. Loading Factor The difference between the propertys super builtup and carpet areas is known as the loading factor. To calculate loading factor, we use the formula: Super built up area = Carpet area *(1 Loading factor) So, if the loading factor is 1.3 then the 0.3 component of the loading factor constitutes the outer walls and amenities of the building. To make it simpler, it is also expressed as a percentage. If for instance, the loading is said to be 30 percent, it means the developer has added 30 percent of the carpet area to the construction. As per RERA (Real Estate Regulatory Act), the property prices should be based on the carpet area and not on built up or super built up areas. Developers often confuse property buyers with jargon. By understanding the key terms and their usage, investors can be assured of their investments in the upcoming property in Dahisar East. ...
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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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