Are 4 BHK flats worth Investing in?

Mumbai, a cosmopolitan city, provides various housing options for homebuyers. You can choose from 1, 2, 3, or multiple-bedroom flats, studio apartments, and budget-friendly housing facilities. Nonetheless, every Mumbaikar dreams of investing in a luxurious and spacious 4BHK apartment that offers the family all the necessary comforts.

Factors to consider before investing in 4 BHK flats

• Budget – The budget should be your first consideration when looking for a large or luxurious residential apartment in Mumbai. Blox has a technology-powered algorithm that can help you shortlist 4 BHK flats in your desired neighbourhood and provide you with the average cost. You can then estimate your home loan requirement and calculate your EMI using our calculator tool to determine if the investment is feasible for you.
• Requirements – When making a significant financial investment, weighing the benefits of purchasing a 4 BHK flat is important. Perhaps you're a young couple planning for a growing family, living with family members who need more space, or seeking to improve your lifestyle. These are all valid reasons to consider investing in a 4 BHK apartment. However, if you are nearing retirement and plan to move elsewhere or have children leaving for college, you may consider investing in a smaller apartment.
• ROI – A real estate property is an asset that is expected to grow in value over time or bring your rental income. In both these cases, you must consider the potential of the neighbourhood and the real estate trends of the locality or suburb. Before investing in a 4 BHK flat in Mumbai, consult a Blox relationship manager with your queries.
• Project – The specific project you are considering should be an important factor in helping you buy the 4 BHK flat. You must ask questions about the facilities and amenities available for large unit owners. Will you be provided with an additional parking slot? Will your flat be on a higher level giving you a better view? Will all rooms in your flat have access to natural lighting? The answers to these will determine your life in the new home.

Tips for buying a 4 BHK flat

• One of the first things you must do when buying a 4 BHK flat in Mumbai is to arrange for the requisite financing. Compare loan products and other terms offered by lenders. Consult a financial advisor who can guide you through the financing process if necessary.
• You can consider investing in jodi flats or a pair of adjoining 2 BHK apartments which can be connected to make a 4 BHK. This could result in considerable savings on your investment. In these cases, however, you must check if the developer has the requisite licences to alter the construction and link the two apartments. Purchasing from a reputed builder can help you here.
• Compare various projects and look for additional advantages. In residential complexes that have units of different sizes, 4 BHK units can be offered as penthouses or duplex apartments and offer more balcony or deck space. In some, 4 BHK units are part of a different tower and have better aesthetics and comfort utilities. Learning more about these can help you make the best of your investment.
• Considering highly developed suburbs such as Borivali, Goregaon, Kandivali, or Mulund, may make it possible for you to invest in a 4 BHK for the same price as a 2 or 3 BHK in Juhu or Andheri. These are well-connected and self-contained residential neighbourhoods and are ideal for families. 

Reasons why 4 BHK flats in Mumbai can be ideal investments

• When searching for a new flat, it's crucial to consider your family's comfort and the level of luxury you desire. After all, this will be your home for years to come. 4 BHK flats in Mumbai can offer you the high standard of living you deserve.
• In today's world, space is a valuable commodity, especially since the pandemic has forced many of us to work and study from home. It's a smart move to have a dedicated area for work or school as well as a separate space for leisure activities and relaxation.
• Real estate prices in cities like Mumbai are constantly increasing. It might be wise to consider purchasing a property, such as a 4 BHK, that can accommodate your children if they plan on living with you in the future. This way, you won't have to invest in a separate apartment or flat.

So while 4 BHK flats are certainly worth the investment, the ultimate choice should consider your personal needs and finances. Once you have made a decision, Blox can offer you unlimited options to choose from.