How to buy a residential property in Mumbai?

There are a few pointers that you need to keep in mind when you are buying residential property in Mumbai. This is especially true when you are buying a property for the first time in the city. The first thing that you need to do in this case is to ask if the construction has been approved by the local governing body or not. Always ask your developer about the size of the house area. You may see a lot of things on the advertising hoardings. Please do not get misled by them. Ask them if what they are offering is the carpet area or the super built-up area.

Checking the credibility and financial status of the builder

It is also very important to check the credibility and financial status of the builder. However, if it is a project such as Palava you need not worry on that count. You should also always check out the earlier work that the same builder has done. This way, you would have a clear idea of the kind of work that has been done by the builder and you would be able to come to a decision as to whether you want to associate with it or not.

Choosing the right area

This is also an important consideration and the choice depends on your needs as well as your affordability. You can always look to buy the likes of Dombivali property for the simple reason that it is a developing area with great facilities and the costs could be good enough for you as well. At the same time it also helps that a number of top real estate developers in the region are building their projects over there. So that should tell you something about Dombivali as well. Apart from that you can try out the following areas as well:

·       Bandra
·       Andheri
·       Juhu
·       South Mumbai
·       Powai
·       Goregaon
·       Navi Mumbai

Choosing between independent houses and apartments

If you do not have much money to spare in this regard – owning residential property in Mumbai – you would be better suited to buying an apartment. The thing with apartments is that they are a lot safer. There is also a high chance that at most apartments you would find necessary facilities such as parks and gyms. This is especially true when your apartment is part of a residential complex as such.