Where should I buy flat in Mumbai?

Which is the best place to buy flat in Mumbai?

Top 5 Locations to Invest in Residential Real Estate in Mumbai

  • South Mumbai. South Mumbai is one of the most expensive living pockets of the city. …
  • Lower Parel. Lower Parel is the corporate hub where many businesses have their company offices as well as headquarters. …
  • Bandra. …
  • Worli. …
  • Juhu.

Is it worth to buy flat in Mumbai?

If you’re thinking of buying a flat in Mumbai, this could save you a considerable amount of money. So, many home buyers are likely to benefit from the all-time-low interest rates and stamp duty reduction.

How can I buy a flat in Mumbai?

Documents required for buying a property are as follows:

  1. Draft Agreement – Sale Deed. …
  2. Property owner’s original agreement – You can see this agreement and also take a copy of it.
  3. Earlier sale deeds/sale documents if the case is of reselling.
  4. Share Certificate of the society.
  5. Bills such as of electricity, telephone.
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Which is the best property in Mumbai?

The best places to invest in property in Mumbai 2020

  1. BKC (Bandra Kurla Complex)- Lately, real estate developers have been attracted to BKC as it has become one of the most sought after destinations to invest in. …
  2. Andheri. …
  3. Kanjurmarg. …
  4. Powai- …
  5. Thane.

Is it good to buy property in Mumbai?

Buyers today are investing in ready-to-move-in homes, and Mumbai is no exception. “It makes sense for buyers to invest in a ready-possession project rather than wait for a new project to come up over a period of time. Also, prices are beginning to rise again, and the market is looking up steadily.

Which is the best place to invest in Navi Mumbai?

Here is a list of the Top 5 places to invest in Navi Mumbai.

  • KHARGHAR. Kharghar is undoubtedly, a real estate hotspot for Navi Mumbai. …
  • PANVEL. Panvel has emerged as a booming space to invest in. …
  • VASHI. This place has its importance as the gateway to Navi Mumbai. …
  • ULWE.

Is renting better than buying in Mumbai?

Mumbai has a rental yield of 2.5-3%; your monthly rental comes to ₹ 20,000-25,000 for a property worth ₹ 1 crore. In Mumbai, the owner usually takes care of maintenance and structural repair costs. The lump sum you saved by not buying a house can be invested in equity mutual funds.

Why are houses in Mumbai so expensive?

“They continue to stay in slums with no proper drainage or sewage facilities because they are unable to afford new houses in the city which cost a minimum of about Rs 50 lakh and housing loans are complicated and not easy to get. Housing prices are so high that people aren’t able to buy houses with their own savings.

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Is it worthy to buy flat?

It is worth buying an old flat because you will get the property at a cheaper rate than a newly constructed property. Less expensive as compared to newly constructed flats. … However, in an under-construction project, it may take some time to get possession of the property, which can be heavy on your pocket.

Is it worth to buy 1 crore flat?

It is worth buying flat of more than 1 crore if you want the following things: Luxury: People who have that much money usually desire a luxury lifestyle, want to have the best amenities in their society. They desire world class living. Posh Area: They like to live in the place where rich people stay.

How much money should I save before buying a house in India?

As a matter of fact, you can start investing for your Home Loan down payment as your ultimate goal. For instance, if you start investing Rs. 15,000 a month in SIP, with a modest return of 12%, you can build a substantial fund of Rs. 12.40 lakhs, in a matter of just 5 years.

How much does it cost to buy a flat in Mumbai?

The average weighted cost of an apartment in Mumbai is Rs 3.03 crore or Rs 20,449 per square foot.

How can I find a house in Mumbai?

1. Use social media, especially Facebook groups like flats & flatmates to find a flat or house in Mumbai. 2. If your budget is between 8-10K INR, you can also opt for PG or paying guest accommodations.

Where should I live in Mumbai?

12 best areas to live in Mumbai for students, bachelors and…

  1. Bandra. Bandra, located in the upscale coastal suburb is extremely famous for all the right reasons. …
  2. Powai. …
  3. Juhu. …
  4. Worli. …
  5. Vile Parle. …
  6. Andheri. …
  7. Dadar. …
  8. Parel/Lower Parel.
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Where do celebrities live in Mumbai?

Bandra, a suburb in Mumbai, is famous for several reasons. From leafy, quiet by-lanes that remind you of its old-world charm, to plush high-rises where several Bollywood celebrities reside, Bandra has it all. If you’ve often wondered about the homes of Bollywood celebs, and how they live, here’s a sneak-peek.

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