Interestingly, today homes are being looked as more than a box of shelter. Modern times have lent a dual characteristic to the process of buying homes. First and foremost being the need to reside. Second, a pure investment in real estate. Without a speck of doubt, Mumbai is the most favorite of all cities when it comes to housing. It’s an ideal city for all and sundry – from businessmen and students, to youngsters and entrepreneurs, who step into this land of opportunities with their eyes adorned with countless dreams.
No wonder there’s an escalating demand for affordable housing in the city of dreams and is deemed to be the most pacing real estate market in the country.
Success weighs heavy when numbers weighs heavy
Unlike the days of yore, searching for homes is not a labour anymore, as you can scour the best of projects in Mumbai without taking the trouble of roaming around the city. Because one can now fetch packets of information on their fingertips, right on their laptops. Most of the developers own their exclusive websites featuring every single detail of their project with the pictures too.
As reflected in real estate statistics, the percentage of home-seekers looking for new residential projects in Mumbai has appreciated significantly in recent years. Also, the discounts given away on Mumbai-based projects are on the higher side, compared to any other city in India. All these account for Mumbai’s charm with real estate.
Goodwill of the builder does its own talking
Despite the swanky numeric figures, you must gauge the reputation of the company. It’s a must-must do. How much ever awed you are, on reading the statistical data of real estate, one should always have their requirements uncompromised and take in the smallest of the project details and also consider the goodwill of the developer in the market. Adept professionals from the financial institutions believe that there are quite a lot number of marketing traps and that buyers should be alert about it.
Meticulous and not a casual approach, is a mandate
While buying residential or commercial properties, people are bound to face hurdles, one after another. Like getting exact loan approval from the bank or other money-lending ventures. Sometimes builders, peculiarly, also claim of sudden appreciation of the property prices in limited time span. They start pressurizing the buyers to own the property in haste, cajoling them that the investment will yield them skyrocketing profits in return. All these promises happen in the garb of cons as all builder cares for is to cater to his own interests.
Summing all the above points, we can clearly infer that one should not hand over one’s faith to any random builder or at least ensure that the legal procedures connected with property buying are in place. As most of the investments are believed to be, home buying too comes with its own set of risks if not dealt deftly.