The first thing to understand here is that if you are investing in Mumbai in something which is under construction and if it’s nearing possession then the pay out is also nearly 80% plus.
Also currently Investing in Mumbai in under construction buildings attract GST of 5%.
So, ideally if you can avoid to invest at this stage or buy a home then you must wait for the final product to see and also take a ready possession flat with occupation certificate.
When you buy a ready to move in flat you are more clear on a lot of aspects and hence the recommendation in this case would be to go for a ready possession flat to buy in Mumbai.
Further, you can choose to live or rent and if you taking a home loan on a new property in Mumbai it makes more financial sense as there is no point paying EMI for a year on a large chunk of money when the possession is still 6 to 12 months away.