Flats In Mumbai

8 Things to Check Before Buying A Flat In Mumbai

by admin
So you are planning to invest in a flat in Mumbai? Would it be a 1BHK or a 2BHK flat in Mumbai? Before you make such an important decision it would be wise to consider some very important parameters which are mentioned below.

Check approvals and documentsAfter you have shortlisted your preferred flats in Mumbai, check the developer’s paperwork which includes IOD (intimation of disapproval), NOC’s, environmental clearances, and clearance from the fire department as well.  It is always risky to invest in a property without approvals.

Construction quality

While you may not be able to check the quality precisely you may get an idea from the wall thickness, their look and feel, the finishing, the quality of paints, fittings, tiles, flooring and others.

Tie-up with banks

Check if the builder has financial support from banks. Banks usually have stringent checks in place for the properties that they finance therefore it would be a safe choice to invest in such a flat in Mumbai. There is also the opportunity of easier availability of loans.

Safety and security

Safety of family is of primary concern. You would want to ensure that the property has sufficient security measures installed like CCTV surveillance, fire safety measures and more.

Connectivity

Connectivity to your workplace and other places like schools, hospitals, markets and conveyance is one of the important parameters to think about. It would be prudent to take a good look at the distances you will be covering in daily travel, the time consumed and the stress of travel.

Amenities

Amenities are important although you may not find a use for all of them. Amenities of flats in Mumbai could include swimming pool, yoga zone, children’s play area, gymnasium, designer lifts, rooftop lounge and more. In addition to the enjoyment of these amenities, you should consider them as they constitute an essential part of the resale value.

Locality

It is imperative that you scan the locality before you buy the flat. Look for the answers to these questions – Are the road conditions leading to the property favorable? Is it safe at night? Is the locality safe for the women in your family to move about independently?

Space, air and lighting

While scrutinizing a property, focus on the carpet area and not just the built up area. The ventilation and lighting would be a relevant point to consider as it is a part of your everyday living in the said flat in Mumbai. A flat with good ventilation, natural light and good views provides a pleasant living experience.

So the next time you go through those ‘flats for sale in Mumbai adverts, do remember to keep these pointers in mind.

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