Things to Check before Purchasing Property in Mumbai

Photograph: Ravi Karandeekar / Flickr

For most people, buying a property is a one-time decision. Not only are you stress and excited at the same time, you are also in a hurry because you just can’t wait to find your dream home. When you are looking at the different properties in Mumbai, there will be one such as 2bhk flats in Mumbai that will just click right away and you will definitely want to block the property so it doesn’t go to someone else while you are trying to arrange for the finances by applying for a loan. However, this isn’t the time for you to rush. You should calm down and step back for a bit because this decision will impact your finances, family and future.

However, before you make the final decisions, there are a few things you should check. You don’t want to be dazzled by the thought of purchasing 2bhk flats in Mumbai that you overlook the important parts. Some of the things that need to be considered are mentioned here:

Builder’s Goodwill 

Before you purchase a property in Mumbai, you should take a look at the builder’s history and overall profile. Check ongoing and old projects of the builder to see what people are saying about them and the kind of work they do. You don’t want to invest in a property that later turns out to be unsafe or something of that ilk.

Connectivity to Workplace, Schools, Hospitals and Market 

You should check how far your workplace is from the property because you will be commuting daily. Investing in a property because it is cheap yet far away from your office isn’t a good decision as your finances will be burdened by fuel expenses. Distance from schools is important if you have kids or plan to. Connectivity to hospitals, markets and transport stations should also be checked for convenience.

Future Resale Potential 

When you buy a property, you do it with the intent of living there for a long time, but no one knows what the future holds. It is possible that you might have to pack your bags and go for real estate Mumbai. Therefore, it is best to know the resale potential of the house in the future. Making an investment in a property that’s not going to give you any return isn’t a wise investment on your part.

Amenities and Facilities 

It is not just the construction, location and environment of the house that’s important. You also need to check the amenities that are provided along with it. For instance, 2bhk flats in Mumbai usually have power backup, air and lighting, lift and parking to make them the best choice for you. You should know what you are paying for.

Locality 

Last, but not least, don’t forget to check the locality, especially when you are moving with your family. You need to ensure that the crime rate is low to keep the danger to your family at a minimum and has good neighbors.

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