Budgets – Total Investment for Buying a Flat/Property/Home in Mumbai
While buying a home you must know what are your budgets and what is the total investment you would like to make each property comes with a certain price and in every location the price is different from the other so it is imperative for you to decide what is your budget and how much can you afford as a price of a property before you buy a property also you must know what is your own equity contribution of you taking a home loan.
Location – Micro Market Research
It is essential for you also to know is that which micro market has got how many projects what are the rates going on the micro-markets what is the demand and what is the supply what is the infrastructure impact so that you can take an informed decision before buying a property. Please click here for a complete understanding of Supply coming up in each location in Mumbai.
Current Prices in the location
Each location and its other areas/neighborhoods have got certain price points.
Properties located on the main road may be costing higher or lower depending on the density of crowd, noise, pollution and many factors.
The prices in each location can vary up to 50 to 100% depending on the building, developer, amenities, age of the building and configuration.
Once you identify the property, its important to look at the paper work and you will need either a help of a RERA Registered Agent if its an under construction property or a professional agent who is experienced with paper work, valuation and other statutory paper work requirements.
If you need any assistance of buying a property with complete paper work, professional guidance, proper Memorandum of Understanding, Agreement for Sale, Sale Deed etc. then please feel free to connect with team of Real Estate Mumbai to take this further.