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The Art of Property Hunting: Tips for Finding the Perfect Place in Mumbai

Author
Blox Social
Posted on
Aug 20, 2023
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Mumbai is the land of dreams and aspirations. It is the financial capital of the country, and each year, hundreds of thousands arrive here in search of education, employment, and opportunities. And more often than not, every Mumbaikar dreams of being a homeowner. That is one of the primary reasons for the skyrocketing demand for residential properties in the city. But property hunting in this vast and vibrant city is as much an art as it is a science.

Let's look at some tips that will help you find your dream home from among the vast inventory of properties for sale in Mumbai.

According to a real estate sales study, property registrations in Mumbai rose 9 per cent between 2021 and 2022. Here is a helpful guide if you are one of the lakhs of prospective homebuyers who plans to invest in a flat or apartment in 2023 or 2024.

  • Location planning – The first decision you will need to make when property hunting is settling on a location. Proximity to commercial hubs and your workplace is the key to cutting down the long and tiresome commute in the city. Proximity to the metro and suburban rail stations is a great advantage. You may also want to look up schools, colleges, sports academies, medical facilities, and shopping centres in the vicinity because these will define your and your family's lifestyle.
  • Funding and home loan – After settling on the location or the suburb you want to invest in, it is time to set the budget. In most cases, you will need to put in a down payment of 20% and can look for a home loan or financing for about 80% (depending on your eligibility and credit score). This should help you define your budget and, in turn, decide if you want to look for 1, 2, or 3 BHK properties for sale in Mumbai.
  • Lifestyle choices – Another important factor you must consider is the amenities and facilities you want in your residential project. For example, you and your family may prioritise green spaces and walking tracks over pet-friendly facilities. Or you may choose a project with a kids' play area over one with a gymnasium. So before you decide to take on a site visit, check if the project offers all the facilities you are looking for.
  • Getting professional help – Homebuyers frequently find the home-buying process to be confusing, especially when it comes to understanding legal contracts, comparing home loan products, and navigating various procedures. In these cases, it may be a good idea to get professional help from a financial advisor or a lawyer specialising in real estate matters. These professionals will help you make the right choices and protect your interests.
  • Investment matters – It is important to remember that buying a residential property is an emotional decision, but it is also a major investment and will impact your finances for years to come. It is a good idea to look up price trends in the location and consider the rental yield and any planned infrastructural development in the area before investing. 

Blox - Your Mumbai Property Search Partner

Blox is a revolutionary online platform that uses the latest technology to bring you listings from trusted developers across Mumbi neighbourhoods and suburbs and Navi Mumbai. These listings are verified, and the projects are all RERA-registered. The cutting-edge Blox technology helps you shortlist residential projects from various localities based on parameters such as neighbourhood, unit size, budget, and amenities. Blox relationship managers are experienced professionals who handhold you through the home-buying process and help you identify projects that meet all your criteria, including amenities and facilities offered.

You can now take a virtual tour of various properties for sale in Mumbai and then decide on the few that you would like to physically visit. The shortlisting-to-buying journey is made completely hassle-free. You can now search for, shortlist, and buy a property in Mumbai in seven clicks. Moreover, you get the guidance and support of an experienced relationship manager who guides you with every aspect of home-buying, including financing and document verification. Blox is also a zero-fee platform; you need not worry about adding on to the expenses of buying your dream home.

Real Estate