Investing in a flat or in any property is a crucial
decision in one’s life. After all, it involves years of planning and your
hard-earned savings. You can’t just randomly pick and buy flat in Mumbai. Rather, you will need to wait and check if the
property that is being offered by the real estate developer is worth sealing
the deal.
So before reaching any decision about buying a flat,
it's important to keep in mind certain points such as location, price of the
flat, amenities being offered, and many more things. In the event, you are
wondering about the other factors to be taken into consideration while zeroing
in on a new flat or for any residential projects in Mumbai, they are listed in the remainder of this blog post. All
you need to do is to follow the rest of the blog post.
Parameters
To Look Into
When you are planning to book a new flat from any top
developer’s upcoming projects in Mumbai, you will need to look into some
parameters.
Check
Property Price
The first thing that one should do while selecting a
flat is to assign a budget. This, in turn, would help to shortlist any flat
depending on how much you will be able to spend. Before you buy flat in Mumbai, you should compare
the price of the flats offered by different developers. To get a clear idea of
the price, check out various listing sites and portals. This would help you to
get good quotations for the property.
Flat’s
Carpet Area
Before booking any flat from any upcoming projects in Mumbai, it’s important to take a look into the
built-up area and the carpet area. The carpet area is the actual area of the
flat. The built-up area shouldn’t be confused with the carpet area as the
carpet area is always smaller than the built area. Hence, learn about the
carpet area and see if it meets your requirements.
Consider
Locality
Before you buy a 1 or 2 or 3 BHK flat in Mumbai, you
should check if it’s close to schools, colleges, hospitals, shopping malls,
parks, metro stations, etc. It should also be well-connected with roads and
railways. Reputed builders always offer completed and ongoing residential projects in Mumbai in
almost all prime locations. The same goes for under construction projects in Mumbai.
Maintenance
Charges
Before you go ahead to buy flat in Mumbai, you must ask about the maintenance charge of
the flat. Most often people ignore this basic fact when buying the property.
Usually, they are taken every year from the owners. Maintenance charge usually
includes property and municipal tax, cover assessment, electricity and water
charge, elevator and garage charge, security charge, and more. So before giving
the maintenance charge, you must check what is included within it.
Possession
Date
Most of the upcoming residential projects in Mumbai will offer a certain deadline to
customers about flat possession. Usually, possession of flats involves a lot of
delays. However, reputed developers will provide a definite timeframe for flat
handover.
Builder-Buyer
Agreement
Whether you finalize a flat from any under construction projects in Mumbai
or any ongoing projects of your choice, it's important to enter into a
builder-buyer agreement. This agreement should be properly understood before
signing it.
Once you follow all these criteria, buying a flat won’t be any headache for you. Rather you will get your dream home.
Reviewed by Pranav Constructions
on
March 28, 2022
Rating:
No comments: