Top Tips for Property Investment in Mumbai 2021

1. Top Tips for Property Investment in Mumbai 2021 The properties in Mumbai attract investors from across the world due to a variety of reasons. Being the financial capital of India, people from different geographies are looking to make real estate investments in the investment hotspots of Mumbai. Especially after the pandemic that taught the importance of owning a house. Even after the price regulations by the acts such as RERA, the new residential projects in Mumbai see a growing demand. Due to the increasing demand from investors, the real estate market is introducing new projects steadily. Each project offers competitive amenities, mesmerizing infrastructures, and excellent interiors. But with competitive options comes confusion. It is vital to equip yourself with valuable property investment tips to make an informed property investment in the city of opportunities. We have 5 tips to help you invest in the perfect property that fits your requirements. 1)Make a Budget Start your property investment plan by setting a budget. Evaluate your disposable budget after deducting the taxes, monthly expenses, debts, and other expenses. This will help you get a fair idea of your budget. These days, it is easy to get a loan from banks; however, analyzing the interest and other parameters is essential. 2)Decide the Locality There are a plethora of investment options available to suit every kind of budget. Conduct thorough research on various localities to match your property requirements such as connectivity, educational institutes, hospitals, markets, and so on. Decide what kind of life you are looking to build. You can also get in touch with a property dealer in Mumbai to get helpful information. You can get in touch with us. At propscience, we help homebuyers to make intelligent decisions with the help of our data analytics and AI/ML. Our free-of-charge service is entirely unbiased as we are not aligned with other real estate stakeholders. For a fast-paced life, look for upmarket localities like Worli, Bandra, Cuffe Parade, Lower Parel, Juhu etc. For a peaceful neighborhood, look for areas like Thane, Borivali, Mulund, Kharghar and so on. 3)Review Proposed Plans After deciding the locality, look for all the projects in that area to find the best one for yourself. Shortlist the top 5 projects that please you. Then scrutinize the layout plans to ensure it offers what you are looking for. Consider your and your family members’ requirements such as parks, yoga centers, kids’ play areas, parking, clubhouse, gym, ceremony halls, walking pathways, and so on. That will help you choose the best property to live a bright life. Also, look for the historical price of the property to get a tentative idea about the future potential. 4)Check the Developers Credentials It is always good to opt for a developer with good credentials. To check their track record, you can get in touch with a real estate agent in Mumbai. You can consider from the various top rated estate agents in town such as Jaiswal Real Estate, Pranjal Properties, Shama Homes and so on. A trustworthy broker can give helpful insights about the property. Get to know about the quality of the construction materials used in the project, after-sales services, etc. You can also consider speaking to the neighborhood families who have already taken possession of the property. 5)RERA Certification

2. Before investing in any property, check if the property is registered under the RERA (Real Estate Regulation & Development) Act, 2016. The primary motive of the RERA act is to protect the buyers from malpractices of unfair builders. It provides homebuyers with a great deal of transparency. At propscience, we conduct in-depth research for homebuyers of leading RERA projects across MMR (Mumbai Metropolitan Region). Currently, we have a curated list of 1000+ projects in Mumbai, Navi Mumbai, Thane, and other satellite townships. With a thorough understanding of the factors mentioned above, your home search can become a productive activity.