Planning to Invest in a Luxury Property In Mumbai? Here’s Everything You Should Know

Owning a property in Mumbai itself is a big deal, and if it is one of the numerous luxury apartments in Mumbai, it reflects success, status and prestige. Buying a home is unlike any other purchase you make in your life; it requires thorough research and conscious decision-making because your address will stick with you for a while. Buying a luxury apartment in Mumbai is everyone's end goal, and when you decide to invest in one, you need to have a checklist in hand. Right from the best place in Mumbai to invest and amenities being offered to the developer's reputation and the house size – everything matters. 

As a conscious homebuyer, you must keep these four things in mind before shortlisting your dream luxury home.

Trusted Developer

A developer's past projects stand testament to their reputation. When spending so much money, you do thorough research before finalising on an option. Choosing the right developer for your luxury apartment in Mumbai is an essential aspect that should be considered. A credible developer will have some great projects to their name and will enjoy a good reputation with respect to the timely handout of the apartment, structural integrity, superior construction quality, delivering promised specifications and adherence to RERA rules and other norms, thereby ensuring a hassle-free buying experience. Every homebuyer must comprehensively check the construction quality, engineering innovation, cutting-edge technology and architectural design standards while browsing luxury properties for sale. Property developers with years of experience go all-out to offer this top-notch standard in quality.

Space Utilisation

When looking for luxury apartments in Mumbai, it is extremely important to verify the space utilisation and design of the apartment. You are not just paying for the location and amenities; you are paying for square footage; thus, effectively utilising space is a must to optimise your home-living experience. If there is a lot of wasted space, the builders have gone beyond the usable space, or the construction is not in accordance with new RERA norms, it could cause a lot of trouble. 

Amenities 

When you buy luxury apartments in Mumbai, you automatically become entitled to the amenities that come with them. You should list the kind of amenities you would most require and then factor in the quality and list of amenities that are non-negotiable. All this will change based on whether you have elders living with you, children with you and your interests as well. Be it more open space, heated swimming pool, lush green spaces, in-built rooms for the staff, built-in amenities, exquisite flooring quality, fine craftsmanship and detailing, concierge service or fitness centres, you must enquire about all this before the handover. The amenities, in-house services and overall vibe should reflect the price tag of your luxury home. 

Location

A good location in a great neighbourhood that is well-connected to other parts of Mumbai is non-negotiable when it comes to owning a luxury apartment in Mumbai. Homeowners need to be sure that their selected location is a quick commute from their place of work, the city's business district, and travel junctions like the local station, airport, sea link, main highways etc. In addition, entertainment and lifestyle hubs and other social infrastructures like schools, hospitals and places of worship should be accessible with ease. In a city like Mumbai, you will find luxury properties for sale in areas like Mahalakshmi, Goregaon, Powai, Thane etc. as these regions are well connected to the city's business districts (Lower Parel, Bandra-Kurla Complex, Navi Mumbai, Nariman Point) and are set for expansive futuristic developments that include upcoming malls, business hubs, metro lines and more. 

Conclusion

The property-related facets need to be accounted for, and that goes without saying. But we believe that the buying experience is equally important and should be commensurate with the luxury of the apartment. At Blox.xyz, we ease the home-buying procedure for the customer by leveraging cutting-edge technology into the buying process. We make your dream-property buying seamless and delightful through virtual site tours, online documentation and bookings, and end-to-end digitisation.