5 Helpful Tips for Buying Your Dream House in Mumbai

1. 5 Helpful Tips for Buying Your Dream House in Mumbai Mumbai is queen of dreams. It is to India what New York is to USA. Why not? The sky of Mumbai is big enough to fulfil everyone’s dreams. No wonder the real estate in Mumbai is deemed as one of the most expensive markets in the world. The search for that right property in Mumbai that fits your budget can be a mighty daunting task. Today, the buyers are now immensely specific about their requirements. At the same time, real estate builders in Mumbai are coming forth with exciting projects that can suit every kind of homebuyer. In spite of this, finding that perfect property for you and your family involves a lot of leg work. So, we have listed down a few important tips that will help you gain clarity on how approach this prospect of buying a dream house in Mumbai. 1. Decide the Budget The main thing that defines your house search is your budget. Everything comes down to how much you can expend on purchasing that dream house in Mumbai. Today, the real estate builders in Mumbai are now forth with incredibly affordable housing options. So, there is all the chances of finding what you are looking for within your budget. 2. Select the Locality After budgeting, the second crucial aspect of property search is locality scouting. This demands a thorough research. You must consider the social aspects as well as geographical benefits that will suit your routine life. Residential projects in Mumbai have recently boomed. Today, you will find a plethora of buying options in Panvel, Thane, Bandra, Juhu, Lower Parel and so on. 3. Get the Right Broker A Broker will be your point of contact with the real estate market of Mumbai. Believe it or not, a good broker can be a difference between a good deal and a bad one. The right broker will help you with insights about the real estate market scenario. So, you must invest your time and resources wisely when it comes to getting a broker. Spend some time researching and get the best broker. The best thing you can do is look for a broker from the neighbourhood you want to buy your house in. 4. Go for a Builder with Good Track Record Once you are done finalizing your budget and contacting a broker, you must ensure that the houses shown to you come from renowned and trustworthy real estate builders in Mumbai. You must keep a close eye on the record of accomplishment of projects. Along with that, you must look up their other projects and assess the quality of the infrastructure, the legal standing of the developer and so on.

2. 5. RERA Certification of the Property Real Estate (Regulation & Development) Act, 2016 has been hugely beneficial for property buyers in Mumbai. The main aim of the RERA act is to give protection to the home buyers and rightly so. It does this by ensuring transparency in project making with the help of RERA registration. So, if you are looking for a house, make sure it is RERA registered.