Buying a home in Mumbai can be complex, especially for those investing in a luxury home for the first time. There are many things to consider, and a naive buyer may not be aware of all the steps that will help them buy the property of their choice. Though you can always take the help of a trusted broker, it is better to be aware and do a thorough background check. So if you are searching for the right property in Mumbai, here are a few steps to help you buy the best luxury apartment in the city.
Location
Finding a suitable location is one of the most important steps in the process of buying a luxury apartment. Most of these abodes are located in premium neighbourhoods and are encompassed by superior social infrastructure and scenic views. Nevertheless, you still need to assess the quality of social infrastructure. So make certain that the hospitals, markets, restaurants, cinemas, banquet halls, and parks and green spaces are at a short distance from the property you are considering.
The project should be connected with the other parts of the city through a network of well-maintained roads, railway stations, metro stations, highways and other infrastructure. Talk to the developer about the future infrastructural developments that might take place in the area and how they will impact your life. A well-connected locality with superior transportation facilities and infrastructure will make your commute seamless and stress-free.
You would not want to spend a substantial part of your time commuting between your workplace and home. So inspect localities that are close to business districts. A luxury apartment near prominent destinations like Bandra-Kurla Complex or Nariman Point might be expensive, but will appeal to professionals and entrepreneurs.
Amenities
Luxury properties are unique and offer designs and amenities of much higher quality than regular apartments. These amenities aim to provide homebuyers with comfort and a healthy and high-class living standard. Since these abodes are big-budget homes, you need to check whether they have all the amenities that you and your family need.
Features that you need to look out for include elevated parks, sports facilities, high-speed lifts, clubhouses, spas, jogging/cycling tracks, yoga areas, swimming pool, etc. The project should have an abundance of green spaces where you can spend some time with your family. The basic amenities like water and power supply should be in abundance and proper backup facilities should be in place.
The project should be located in safe surroundings and equipped with the latest and most advanced security apparatus. There should be a proper firefighting system, sufficient security at the gates, and the vulnerable areas need to be under video surveillance.
Ensure documentation is in order
Before investing your money in a luxury property, you need to exercise all due diligence. Verify whether the authorities have approved the property and that all paperwork and documentation is in order. Take care of necessary things like inspection of the property and title search. Besides, you also need to be aware that you will have to pay stamp duty and registration charges on the luxury apartment. But above all, make sure that the project is RERA approved.
Hire a good broker
Last but not least, hire a reputed broker or buy property from trusted real estate buying platforms. For example, Blox is one of the most premium real estate platforms in Mumbai. Partnering with the platform will ensure that your home buying experience is smooth and enjoyable. Blox lists more than 1,000 verified projects from leading developers, including 3 BHK luxury flats in Mumbai and other homes. The site will guide you on the properties and suggest the ones that best suit your lifestyle and budget. Besides, they will also take you to the site to help you get a feel of the apartments. Site visits, virtual tours and other services are provided at zero percent brokerage charges
Conclusion
Currently numerous projects are being constructed in Mumbai offering first-class luxury apartments. Though these apartments ooze sophistication and grace, you want to know which of these will help you maintain your lifestyle. Hopefully the points mentioned above will help you make an informed decision toward buying a suitable property.
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