Factors to consider before buying a residential property.

For many of us , buying a house is a monumental task , based on my work experience of over 40 years, I wish to draw your attention to the following points ,which could help you in making a correct choice.
1. Locality: Most people, living in Mumbai are very averse to moving from their current location to a new one.
Growing families, budgetary challenges, work constraints, Children’s education etc necessitates this on most occasions.
One has to evaluate the new location in terms of other utilities and facilities, such as markets, groceries, chemists, schools, hospitals, public parks , travel convenience etc are easily available.
2. Cost: Most people moving to other areas in mumbai are, what I term as the aspirational class of people. Budget is the main criteria for this specific class.
Other than the basic cost of the apartment, other costs such as government taxes & levis , parking charges , society charges , other than cost of furnishing the apartment, also have to be factored in.
Pro Tip: Calculate the total cost as mentioned above and then decide. Many people tend to overlook these costs and then get stuck.
3. Size and layout.
Check the layout of each area of the apartment, instead of just the overall area , many a time , the layout of the apartment is not ,what suits you , for instance , a very small kitchen, a huge bedroom with a tiny hall etc . Take a informed call.
4. Location and accessibility:
One aspect that is often overlooked is the neighbourhood and accessibility of the property. Prospective buyers should take the time to thoroughly explore the surroundings and investigate any potential concerns. This includes checking for road and footpath encroachments, nearby establishments that may be involved in illegal activities such as liquor joints or shady hotels. It is important to consider not only your own safety but also the safety of your family, especially women and children who may walk by daily.
5. Maintenance, security, and cleanliness:
The state of maintenance, security, and cleanliness of the building should not be ignored. If you can freely enter the apartment without any security questioning, it indicates poor or non-existent security measures. To assess cleanliness, consider walking down the steps instead of using the elevators as it will allow you to get a better idea. Take a stroll around the entire compound to gain a comprehensive perspective on the building’s overall maintenance.
6. Parking:
Parking is a common source of disputes in Mumbai. It is crucial to verify and confirm your allotted parking slot rather than assuming it will be readily available. Taking care of this step beforehand can save you from future troubles.
7. Legal Considerations: Importance of Hiring a Property Lawyer in Mumbai
When purchasing a property in Mumbai, it is crucial to engage a competent property lawyer. Do not rely solely on informal arrangements like brokers or friends, as they can save you money upfront but potentially lead to costly consequences later on. Ensure a thorough title check to mitigate legal risks.
8. Future Infrastructure Projects: Impact on Property Prices in Mumbai
If you are planning to invest in a property situated on a main road or a major arterial road in Mumbai, it is essential to stay informed about upcoming infrastructure projects, such as flyovers and road expansions. These developments can significantly influence property prices due to potential issues like increased noise and pollution levels. Stay ahead and make informed decisions.
Pro Tip: Comprehensive Financial Planning for Mumbai Real Estate Buyers
Once you have performed adequate due diligence, remember to consider additional expenses such as society maintenance charges, property taxes, utility costs, and if applicable, the EMI (Equated Monthly Installment) for your loan. Proper financial planning will ensure a stress-free homeownership experience in the future.
Please feel free to post your comments and views on the above.
See you next week, with a new topic.

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    Description

    The heart of Mumbai at Shivaji Park, one of the most prestigious residential locations in Mumbai. a rooftop clubhouse with its own pool and a gym with splendid vistasof the city and sea, a panoramic view of Shivaji Park.

    ConfigurationCarpet Area in Sq.ft
    2 BHK650 / 690 / 790

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    Description

    Strategically situated in the vibrant heart of Dadar,
    Exclusively crafted bespoke residences offering a lifetime of sea views. With a selection of homes just steps away from the beach, complemented by its tranquil and picturesque surroundings.

    TypeCarpet Area in sq.ft
    2 BHK770/772

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    Description

    An ultra-luxurious residential tower
    located in the neighbourhood of the legendary Chhatrapati Shivaji Maharaj Park. Your victorious living experience begins here. Well-crafted collection of homes for those who seek the finest in life.

    TypeCarpet Area in sq.ft
    3 BHK1288/1295

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    Description

    Live a bright and luxurious lifestyle right at the Shivaji Park.

    TypeCarpet Area in sq.ft
    2 BHK667
    3 BHK1537

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    Description

    A gated community developed by Premium developer
    Situated close to nature, 5 mintues from 5 Gardens, well connected to all convienences.

    TypeCarpet Area in sq.ft
    2 BHK777/828
    3 BHK1001/1365/1447

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    Description

    In the most aspired location of Wadala
    At an integrated Township of 100 Acres by a premium developer , well connected to the eastern free way and bkc.

    TypeCarpet Area in sq.ft
    2 BHK525

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    Description

    In the most aspired location of Wadala
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    TypeCarpet Area in sq.ft
    2 BHK750
    3 BHK977 /1122

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    Description

    A gated community developed by Premium developer
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    TypeCarpet Area in sq.ft
    2.5 BHK953
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    4.5 BHK1768

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    Description

    Live in the Heritage of Matunga
    Grand entrance loby - Art decor design

    TypeCarpet Area in sq.ft
    2 BHK820
    3 BHK1109
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    4.5 BHK1727

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    Description

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    Premium sky mansion with spacious sundecks

    TypeCarpet Area in sq.ft
    3 BHK1795
    4 BHK2198

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    Description

    A Premium residential tower located in the neighbourhood Shivaji Park.
    Close to Bombay Scottish School.

    TypeCarpet Area in sq.ft
    2 BHK575/620
    3 BHK880

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    Description

    A Premium residential tower located
    in the neighbourhood Siddhivinayak Temple

    TypeCarpet Area in sq.ft
    2.5 BHK905
    3 BHK1106/1466

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    Description

    In the verdant Shivaji Park neighbourhood,
    feel the breeze flow uninterrupted as you walk the lanes of heritage.

    TypeCarpet Area in sq.ft
    2 BHK525/549

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    Description

    Live connected to the city in one of Mumbai’s oldest and most loved locations At Mahim.
    Less time to travel, more time to live.

    TypeCarpet Area in sq.ft
    1 BHK442
    2 BHK652/692

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    Description

    Nestled in a quiet corner of Prabhadevi
    Each apartment offers endless views of the Arabian Sea and Worli Sea-Link

    TypeCarpet Area in sq.ft
    3 BHK1453/1578

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    Description

    Situated in quite bye lanes of Mahim , close proximity to railway station and upcoming metro station.

    TypeCarpet Area in sq.ft
    1 BHK427 /434
    2 BHK502/663

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    Description

    Luxury Residential Apartments in the Vicinity of Rajesh Khanna Garden Khar. With views of the Arabian Sea to it’s West as well as the diverse skyline of Mumbai on all sides.

    TypeCarpet Area in sq.ft
    3 BHK1135/1270/1352/1550

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    Description

    In Close Proximity to Chembur Station well connected to all
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    TypeCarpet Area in sq.ft
    2 BHK605

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    Description

    Spacious apartments , walking distance from Sandu Garden
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    TypeCarpet Area in sq.ft
    3 BHK1250

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    TypeCarpet Area in sq.ft
    4 BHK1430

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    Description

    Situated At Sitladevi Temple Road, Mahim, Offering Smart 1 BHK Apartments.

    TypeCarpet Area in sq.ft
    1 BHK390

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    Description

    Situated At Santa Cruz West, in close proxmitiy to Station

    TypeCarpet Area in sq.ft
    2 BHK860
    3 BHK1178/1303

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    Description

    Situated in the bylanes of the Iconic Shivaji Park an address adored by everyone.One of the tallest in tower in the vicinity, offering excellent sea and cityscape views from the apartments. Well connected to all social amenities and business districts of Mumbai.

    TypeCarpet Area in sq.ft
    3 BHK1077

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    Description

    Limited edition Spacious residences with decks ,One apartment per floor, Bareshell apartment with private elevators. Close Proximity to High Street and local conviencnecs.

    TypeCarpet Area in sq.ft
    4BHK1950

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    Description

    Elite Luxury Residences AT LINKING ROAD.

    TypeCarpet Area in sq.ft
    2BHK760
    3BHK1080/1115

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    Description

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    * 100% Vaastu-compliant residences"

    TypeCarpet Area in sq.ft
    2BHK790

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    Introducing 2&3 Bed Grand Residences Surrounded By Nature"

    TypeCarpet Area in sq.ft
    2BHK735/805
    3BHK902/1114

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    "Magnificent Tower with ART Deco Inspired Elevation
    Excellent Location & Connectivity "

    TypeCarpet Area in sq.ft
    2BHK590/645

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    2BHK665
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    Description

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    TypeCarpet Area in sq.ft
    3 BHK1420

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    Description

    "Fabulously furnished beautiful homes in the heart of Mumbai.
    Located amidst the scenic beauty of the city, offering beautiful views of the Rani baug and the Pristine Arabian Sea. With plethora of amenities"

    TypeCarpet Area in sq.ft
    3 BHK1565
    4 BHK2080/2850

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    Description

    "Situated in Central Mumbai,offering beautiful views the race course and the city . With plethora of amenities. excellent connectivity to all business districts"

    TypeCarpet Area in sq.ft
    2 BHK800
    3 BHK1050/1380

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    Description

    "Luxury Residential Apartments at Shivaji Park Mahim.This blank canvas of elegance is ready for your personal touch & creative freedom to customize their living spaces according to their preferences and lifestyle
    With views of the iconic Shivaji Park , Arabian Sea to it’s West as well as the diverse skyline of Mumbai on all sides."

    TypeCarpet Area in sq.ft
    4 BHK2450

    PROJECT RERA APPROVED

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    Description

    "Premium apartments, in the heart of Mumbai, with excellent views of
    Skyline and Sea Views"

    TypeCarpet Area in sq.ft
    3 BHK1130/1450

    PROJECT RERA APPROVED

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    Description

    "APARTMENTS WITH SEA AND CITY SCAPE VIEWS, WITH ALL AMENITIES,
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    TypeCarpet Area in sq.ft
    2 BHK560 /580

    PROJECT RERA APPROVED

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    Description

    "Walking distance from Matunga station, in close proximity to Iconic Shivaji Park entertainment, shopping, education & medical facilities".

    TypeCarpet Area in sq.ft
    2BHK670 /831/1141

    PROJECT RERA APPROVED

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        Description

        "Strategically situated in the vibrant heart of Matunga, in Close Proximity To Shivaji Park Park which is an experience like no other. This prestigious residential location, known for its rich history and vibrant community, offers a unique blend of urban convenience and cultural heritage.
        Description Spacious homes, a plethora of amenities spread across several levels".

        TypeCarpet Area in sq.ft
        2 BHK824/829/837
        3 BHK1221/1240/1337/1407
        4 BHK1664

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        Description

        "Strategically situated in the vibrant heart of Prabhadevi, in Close Proximity To Siddhivinayak Temple."

        TypeCarpet Area in sq.ft
        1 BHK418 sq.ft.
        2 BHK656Sq. Ft. & 686 sq.ft
        3 BHK863 sq.ft

        PROJECT RERA APPROVED

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        Description

        "An intersection of luxury, comfort and connectivity, right at your doorstep. In a gated community, Close proximity to Bandra, BKC, South Mumbai and all local Conveniences."

        TypeCarpet Area in sq.ft
        2 BHK733/751/810SF/857
        3 BHK1041/1126

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        Description

        "Upcoming Premium Luxury Residential Tower located at Lady Jamshedji Road, 3 mins drive from Shivaji Park.
        Breathtaking views of the Arabian Sea, Bandra-Worli Sea Link, and Mumbai Sky Line."

        TypeCarpet Area in sq.ft
        2 BHK787
        3 BHK1140

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        Description

        "Living in the heart of Mumbai at Shivaji Park is an experience like no other. This prestigious residential location, known for its rich history and vibrant community, offers a unique blend of urban convenience and cultural heritage."

        TypeCarpet Area in sq.ft
        2 BHK799

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        Description

        "A home close to Bandra-Kurla Complex (BKC) means you are at the epicenter of convenience and connectivity in Mumbai. An Address which can put the best part of ones life within arm’s reach."

        TypeCarpet Area in sq.ft
        2 BHK679/693/695
        3 BHK942

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        Description

        "A Home can make distances shorter and good times longer. Being near BKC means your commute to work is effortlessly short. Entertainment options abound in this vibrant neighborhood. From high-end restaurants and chic cafes to lively bars and pubs, BKC offers a plethora of dining and nightlife experiences."

        TypeCarpet Area in sq.ft
        1 BHK439
        1.5 BHK540

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        Description

        Situated at Shivaji Park in one of Mumbai’s most sought-after neighborhoods. offers a luxurious lifestyle of modern apartments, premium amenities, and strategic location makes it an ideal choice for those looking for comfort, convenience, and connectivity.

        TypeCarpet Area in sq.ft
        4 BHK1630 Sq.Ft

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        Description

        Situated at Worli, Elegantly designed residences within South Mumbai’s largest private park, featuring stunning views of the Sea Link and Eastern Seaboard.
        *SR is servants room.

        TypeCarpet Area in sq.ft
        2 BHK944 Sq.Ft
        2.5 BHK967 Sq.Ft
        3 BHK 1136 Sq.Ft
        3 BHK + SR1193 Sq.Ft
        3 BHK + SR1266 Sq.Ft / 1254 Sq.Ft
        4 BHK 2116 Sq.Ft
        4 BHK + SR2171 Sq.Ft
        4.5 BHK + SR2278 Sq.Ft
        5 BHK + 2 SR2536 Sq.Ft
        5 BHK 3294 Sq.Ft

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        Description

        A luxurious residential tower located in the heart of Worli, South Mumbai It offers high-end living spaces designed with elegance and modernity, combining world-class architecture with lavish amenities.

        TypeCarpet Area in sq.ft
        3 BHK1177 Sq.Ft / 1331 Sq.Ft

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        Description

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        TypeCarpet Area in sq.ft
        4 BHK2394 Sq.Ft / 2571 Sq.Ft

        PROJECT RERA APPROVED

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        Description

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        TypeCarpet Area in sq.ft
        3 BHK1346 Sq.Ft
        3.5 BHK1612 Sq.Ft
        4 BHK2175 Sq.Ft

        PROJECT RERA APPROVED

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        Description

        Situated at Sion on the Eastern Express Highway close proximity to Business District of BKC and easy to connectivity to South Mumbai via the Freeway. Spacious homes, with a plethora of amenities spread across various levels.

        TypeCarpet Area in sq.ft
        2 BHK624/644/706/720 Sq.Ft
        3 BHK868/972 Sq.Ft

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        Description

        Situated At Powai a premium residential project with its blend of modern design and luxury amenities. in one of Mumbai's most desirable neighborhoods. Powai has long been recognized for its picturesque surroundings, proximity to key business hubs, and a cosmopolitan lifestyle, and L&T Elixir embodies this reputation.

        TypeCarpet Area in sq.ft
        2 BHK810/840 Sq.Ft
        3 BHK1392 Sq.Ft
        4 BHK1995 Sq.Ft

        PROJECT RERA APPROVED

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        Description

        Beautifully crafted iconic towers in the heart of South Mumbai’s finest area. These ultra-premium residences are crafted to perfection and are complemented with a plethora of modern amenities.

        TypeCarpet Area in sq.ft
        2 BHK826 Sq.Ft
        3 BHK948 Sq.Ft / 1133 Sq.Ft

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        Description

        Welcome to The Home of Productivity & Prosperity, premium office spaces located in the heart of Khar West. These boutique offices offer an ideal environment for growth and success, combining luxury with functionality. Strategically positioned, the development is well-connected to all major business districts, making it the perfect address for thriving professionals and enterprises

        Carpet Area in sq.ft
        616 Sq.Ft
        706 Sq.Ft
        967 Sq.Ft
        994 Sq.Ft

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        Description

        Success Has a New Address at an Impeccable Location in Andheri East
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        Spaces that Reflect Your Ambition
        The office spaces are meticulously crafted to fuel productivity and innovation, creating an environment that mirrors your professional aspirations. Whether you're a growing startup or an established business, these spaces provide the perfect foundation for success.

        Carpet Area in sq.ft
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