Top 5 Tips For First Time Home Buyers In Mumbai


Buying a home in Mumbai is like hitting the jackpot. The city’s never-ending charm has attracted many home buyers in the past, and the process never seems to stop. Though home buying might seem an effortless process, it can be a tedious one when it’s your first. From a proper checklist to finding reputed developers in Mumbai, everything needs planning down to the details. If you are all set to buy your first luxury apartment in Mumbai, here are a few tips to help you take the big step with ease.

Check The Legality Of The Place:

Amongst all the factors of home buying, an essential part is to check the legality of the place. After finalizing the location, you wish to buy a home at, you should check if the property has legal authority for construction on the plot it stands on. Verify the RERA number on the official website to know the registration of the property under RERA. In addition to this, you must also get to know if your developer has NOCs and approvals from legal authorities. It will help you be safe and gives you an upper hand during the home loan process.

Know The Size And Amenities Of The Apartment:

After the provision of the Real Estate (Regulation and Development) Act, 2016 (RERA), it is now a developer’s duty to make home buyers understand the carpet area. But as a responsible buyer, you must always understand the difference between the built-up area and a carpet area of the property and get a quote based on the same. If you are looking for a luxury apartment in Mumbai, do not forget to check out the spacious home in Goregaon, as they are humongous in size and affordable in price. Before making a decision, do not forget to check out the amenities within the property. Because to be able to enjoy the lifestyle of your dreams, amenities and features play an essential role.

Check Out The Locality:

You feel at home when surrounded with warmth, affection and care. In the process of buying your first home, you do not want to get stuck in a place where you and your family feel unsafe and unloved. Make sure you check the locality and find answers to the questions such as how are the people around? Is it safe for your kids? Will there be a problem if you step out late at night? Once you are sure that’s a safe abode, go ahead and take the next step.

Discover The Connectivity:

Convenience is the key for any home buyer; it helps you save travel time and money. A property that’s a centre to all your needs can be your perfect home. Even though all the suburbs of Mumbai are well-connected, a residential property in Goregaon will have more connectivity than a property in Virar. Thus, you must find a property that keeps you closer to work, helps your kids reach school on time, and is also near entertainment hubs.

Research About Banks And Home Loans:

Once you know the address to your first home, search for the bank ready to fund your property. Today, with the ever-growing banking sector, there are a lot of banks that offer home loans. They can also help you filter out standard developers with their due diligence. Research thoroughly and then close on the one that sanctions a loan at the lowest interest rate.

Firsts are always special as they mark the beginning of a new journey. To make your first home buying journey a remarkable one, keep these tips in handy.

Sourced By :- Dynamix Group

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