Author: Jerome Selvan
Real Estate investment is one of the real investments out of all asset classes. At the same page, it is good in your own home than in a rented accommodation. It’s time to welcome the new year of 2022. Buying property has never been so easy in India since decades. Buying property in an under-construction project in the metropolitan city of Mumbai is a challenge in itself. But it also looks attractive due to the easier payment plans.
Hence, I have come up with a few guidelines for your reference.
- The developer should have at least built 2 lakh sqft of built space previously.
- Always check the RERA number of the project. Go to the MahaRera website and all the get the details about the concerned project.
- Check the carpet area mentioned in the marketing materials.
- Try to ascertain the financial status of the developer.
- Don’t become a prey to the sales pitch of the Closing Managers. Take your own sweet time and decide accordingly.
- Look out for two to three projects before taking a plunge.
- Better confirm the view offered on each floor of the building with the sales manager.
- Consult with some experienced professionals – Maharera Certify Property consultants on each project you are interested in.
- The construction experience of the builder is of utmost importance to the buyer. Check whether the developer has an inhouse team or has outsourced the construction work.
- Try to get the valuation of the apartments done by a good valuer or estate agent.
- Do look out for the possession time promised by the developer’s sales team.
- Verify all the facts, marketing materials with the information available on the MahaRera website.
- Go for a reputed or branded developer, but with a cautious mindset.
These are the some of the points which should be considered in buying an under-construction property in Mumbai. GO ahead and achieve your dreams. Real Estate is the best among all the asset classes. Investing in this year is a right time to enter the market in Mumbai.
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