Many potential homebuyers can face difficulties when applying for a home loan owing to unaffordable property prices, especially in a city like Mumbai. This is when co-borrowing a home loan offers some respite. A lot of dual-income couples opt for joint loans to fulfil their home-owning dreams, thus becoming co-owners of the property.
Owning a residential property, and building a home for the family, is the culmination of dreams and aspirations for most Mumbaikars. The process involves a number of complex decisions like selecting location and amenities, securing financing, and verifying documents.
One of the biggest demands for any commercial property buyer in India is Vastu Shastra compliance. Vastu Shastra has always held great significance in Indian culture as it is said to determine how much positive energy a particular building will draw. After all, for a business, every ounce of good fortune matters.
Until a few decades ago, you may have heard Mumbaikars refer to Andheri as a "suburb". This is not definitely true of Andheri as we now know it. This vibrant neighbourhood is the heart of the soul of Mumbai and depicts the epitome of the city's colourful culture.
Andheri and Juhu may claim all the glitz and glamour, but if you want to be truly blown away by Mumbai's affluence and luxurious lifestyle, South Mumbai is the place to be. From iconic landmarks to upscale malls and shopping centres, from financial districts to luxury residential projects – SoBo is a marvel, showcasing the very best that Mumbai, nay India, has to offer.
Until a couple of decades ago, Chembur was home largely to the employees of the industries and factories that this neighbourhood was known for. Its transformation into a real estate haven has been nothing short of astounding. The demand for residential property in Chembur is now high, and the suburb's infrastructure and development are keeping pace with the needs of homebuyers.
In October 2022, the Minister of Commerce and Industry, Piyush Goyal, said that Maharashtra is all set to be the fastest-growing state in the country. Right at the heart of this growth is the financial capital Mumbai.
While we buy property in Mumbai city, we pick our dream homes based on the location, connectivity, amenities, and facilities that the projects offer. There is very little say that an average homeowner has in design and construction ethics.
The city of Mumbai, bursting at the seams, has only two options – to build vertically or expand horizontally towards New Mumbai and the region of Thane. Real estate in Thane was developed to take some of the pressure away from South Bombay and, over time, rose to become one of the most prominent parts of the Mumbai Metropolitan Region (MMR).