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2023-06-15
Home Buying Guide

Top 5 Popular Localities to Invest in Mumbai

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Mumbai is the largest real estate market in the country. The Mumbai property market is expanding at an unprecedented pace. There is a rise in demand for residential property in the metropolis buoyed by major infrastructure development. Currently, there are 9 metro line projects under construction. These metros will increase connectivity allowing easier commutes for working professionals. The development is poised to increase construction activity across all the localities in the city. Several micro-markets are already emerging in anticipation of the new metro lines to be operational. There is a greater focus on developing luxury projects that offer superior amenities as the financial power of buyers is increasing. All these factors make Mumbai one of the most lucrative property markets to invest in.

The megapolis is seeing major construction activity across all suburbs and pockets. Some of the most popular locations to invest in are discussed below.

Dahisar

Dahisar is a northern suburb in the Mumbai Metropolitan Region (MMR). Once a sober suburb, Dahisar is seeing a surge in real-estate activity in recent times. Although the suburb is well connected by road and rail to other parts of the city, two new metro lines that are under construction will enhance the ease of commute for its residents. The social infrastructure is also developing at a fast pace to keep up with the ever-growing influx of home buyers. Due to these reasons owning property in Dahisar East can be the best investment decision. Most reputed developers are now constructing luxury flats in Dahisar compared to budget flats which was the norm a few years ago.

Mira Road

The suburb next to Mira Road is Dahisar and it has attracted the same attention. Mira Road too is seeing upcoming metro projects that will improve its connectivity to the heart of Mumbai. The past few years have seen a surge in occupancy in the suburb shooting the property prices here. This also has seen tremendous growth in social facilities and leisure locations for young families that settle here. Mira Road can be a good option for investment in budget and premium brackets of residential properties.

Thane

Known as the satellite city of Mumbai, Thane is one of the prime locations that has seen immense real-estate development over the past decade. The city offers one of the best lifestyles that combines the hustle and bustle of the metro with a green and peaceful environment. With excellent facilities for living a comfortable life to fast developing connectivity and infrastructure, Thane offers a wholesome living experience.

Navi Mumbai

Panvel and Kharghar are two locations that promise good returns on property investments. The accessibility of Panvel to the upcoming international airport, infrastructure development projects, and low property prices make it a strong contender for investments. Kharghar is known for its lush green parks, wide roads, and well-planned infrastructure. For long-term investments, Kharghar is a good option as the property prices are comparatively low compared to locations in central Mumbai.

Vasai – Virar

The property prices in Mumbai can be overwhelming. It commands the highest real estate prices in the country, and everyone cannot afford it. Vasai-Virar offers affordable options for investors who have budget restrictions. It is well connected to Mumbai, has ample facilities required for a family to thrive, and offers good choices for leisure and entertainment.



Home Buying Guide

What Homebuyers Look for in Luxury Residences in Mumbai

Mumbai homebuyers consider numerous things while searching for luxury apartments, especially with the introduction of new and trendy projects by the top builders in Mumbai. With an increase in demand and an increasing standard of living, more people are looking to invest in a good luxury apartment that stands for comfort, privacy, and style. Let us check out the things that a prospective buyer will consider while selecting a luxury apartment in the crowded city of Mumbai. Space and Comfort One of the things that the customer desires first in luxury apartments in Mumbai is additional space. As there is no space in Mumbai, it is even more necessary here. Customers want extra space in the living room, considerate kitchens, and beds with sufficient storage. Close to a nice view, high ceilings, and large windows also make it attractive. Comfort is one of the main reasons. New luxury homes come with facilities like air conditioning, wooden flooring, a modular kitchen, and branded fittings. These finishes are minute but make daily life easier and increase joy. Connectivity and Location Matter In a city like Mumbai, where the location of a house is as valuable as the house itself. People want houses near offices, schools, and hospitals. It should also be close to metro stations and airports. Exclusive areas that have high-end real estate are South Mumbai, Bandra, and Dahisar. They offer a fair balance of privacy and convenience. Buyers want to be in quiet surroundings but also within easy reach of the city’s prime activity zones. Excellent Amenities are Essential Modern luxury houses come with various amenities. They have pools, gyms, gardens, children’s playgrounds, and clubhouses. They may include smart house features, elevators, and security features. These useful features increase the home value. Home buyers also want houses with parks and eco-friendly features. Eco-friendly practices include rainwater harvesting systems, solar lighting, and waste management. These indicate that the constructor is concerned with the environment and future living conditions. Quality Design and Construction Individuals buying luxury houses also take into consideration the design and layout. A good house maximizes the use of space and provides enough light and air. The construction quality, material quality, and finish are also considered. Individuals want houses that are long-lasting and in vogue. Good builders in the market are more reliable. Their previous work gives the customers confidence in their investment. Convenient BHK Flats Most customers are also searching for 2 BHK flats in Dahisar today. It provides the luxury of a home at a reasonable price compared to the rest of Mumbai. Dahisar is expanding at a rapid rate, and numerous projects are on the upswing. It has good connectivity, schools, and transportation facilities, and hence, it is a preferred option for families. Wrapping Up If luxury projects in Dahisar are what you seek, then look no further than N Rose Developers. They have built standout projects like Heaven’s Plaza, Northern Heights, and Northern Hills, showing their strong focus on design and quality. Their 17+ years of experience and customer-centric approach benefit them as one of the top options for living in luxury. For luxury residences in Mumbai, check out N Rose Developers today. ...
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Home Buying Guide

How to Choose the Right Home A Step by Step Guide for First Time Buyers?

Buying your first home is an exciting yet overwhelming experience. If you are wondering how to choose the right home, especially in a bustling city like Mumbai, this step by step guide will help simplify the process. Whether you are looking for 2 BHK flats in Mumbai or exploring projects by reputed builders in Mumbai, these tips will ensure you make a smart and confident decision. Set a Realistic Budget Before you start house hunting, determine how much you can comfortably afford. Remember, the cost of owning a home goes beyond the property price. Factor in additional expenses like stamp duty, registration fees, maintenance charges, and GST. Having a clear budget narrows down your options and helps you avoid financial stress later. Identify Your Priorities Make a list of what matters most to you in a home. Is it proximity to work, schools, or hospitals, Do you prefer a quiet neighborhood or a lively area, For first time buyers in Mumbai, location is key, so consider connectivity and future development plans in the area. Also, think about the size and layout 2 BHK flats in Mumbai are popular for small families and offer a good balance of space and affordability. Research Builders and Projects Choosing the right builder is as important as choosing the right home. Look for reputed builders in Mumbai with a track record of timely delivery and quality construction. Check online reviews, visit completed projects, and verify if the project is registered under MahaRERA for added security. Reliable builders often provide transparent documentation and customer support, which can save you from future hassles. Inspect the Property Thoroughly Whether buying a ready to move in flat or an under construction project, inspect the property carefully. Check the quality of construction, plumbing, electrical fittings, and common amenities. If it is an ongoing project, understand the payment schedule and possession timeline clearly. Understand Legal Formalities Ensure all legal documents are in order. Verify the title deed, occupancy certificate, and approvals from local authorities. If needed, hire a legal expert to review the paperwork. This step protects you from fraud and ensures your ownership rights are secure. Explore Financing Options If you are taking a home loan, compare interest rates and loan terms from different lenders. Getting pre approved for a loan can strengthen your bargaining position and streamline the buying process. Final Thoughts Learning how to choose the right home requires patience and research, but the reward is a place you can truly call your own. For first time buyers eyeing flats in Mumbai, focusing on budget, location, builder reputation, and legal clarity will make your journey smoother. With trusted builders in Mumbai offering quality 2 BHK flats, your dream home is well within reach. This guide aims to empower first time buyers to make informed decisions and enjoy a hassle free home buying experience. ...
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