Things to keep in mind while buying a house in Mumbai

by Ankita Sehgal Freelance Blogger, Lives in New Delhi

A mindboggling task, buying a house is probably one of the most strenuous things to do. With the variety of options available and the individual specifications one looks for, it takes a lot of effort to shortlist a house of your choice. Each one of us ensures that we leave no stone unturned in finding the best property and the best deal available. And rightly so, as it is the biggest investment one makes in his or her life.

With exorbitantly high prices and the issues related to space constraints, it is difficult to find the best flats in Mumbai. Every individual has his own requirements which makes it impossible to set an ideal guideline as to what all should be kept in mind while buying a property. But there are some general and basic criteria that can be followed to ensure that you latch on to the best deal available. Read on to create your own checklist!

1. Amenities

One of the most influencing factor of selecting a house is the amenities that come along with it. You may be living alone or with a family but there are some facilities that make life easier no matter what. Areas like a children’s park, swimming pool, gym and a community centre to host events, are essential to enjoy a good, healthy lifestyle.

2. Nature

It is no secret that living in an area surrounded by nature makes your life way better and comfortable. It’s a bit difficult to find a decent patch of greenery in a city like Mumbai, but you can still manage to look for small parks, gardens and ponds around. It does add a calming effect and makes the surroundings cooler in temperature.

3. Proper documentation

It is important to ensure that the place you are investing in qualifies all the legal requirements so that it does not become a hassle later on. It is best to figure out and avoid illegal constructions and false ownerships. You should take care of the registration and stamp duty to officially own the place. Unless these payments are made the house will not be registered in your name and you stand at the risk of being duped. You should also be aware of the Preferential Location Charges. These are demanded for flats with a view or above a certain floor or a flat with a special aspect. These are certain charges and documents that you should clarify before finalising your house.

4. Value for money

No matter what kind of house you are planning on buying, you should always ensure that your house lives up to the investment made. You might be interested in 2 BHK flats in Goregaon or a 3 BHK in Andheri, but the place must do justice to the amount put in by you. It should be conducive to your and the family’s needs.

Finding an ideal home is a dream come true. With new projects coming up everyday in cities like Mumbai, Delhi and Bangalore, you have a plethora of choices to select from.