Buying a home is an important item on everyone’s bucket list. However, it is a goal that requires extensive planning and research. It is important to be as exhaustive as possible in the process of selecting and buying a home so as to ensure that you do not miss out on any critical factors. You can make an informed purchase decision with Piramal reality’s home buying tips.
With the luxury residential projects of Piramal Realty spread across several strategic locations in Mumbai, you can choose your dream home in accordance with your location preferences and financial capability. If you buy a home in Mumbai at one of our excellent projects, you can benefit from well-thought-out and well-designed apartments equipped with modern amenities.
Here are Some Home Buying Tips for Your Consideration
Carefully evaluate your requirements
One of the most important prerequisites of buying a home is that your checklist of requirements should be carefully planned and evaluated. It is critical to ascertain the location you want to live in, the size of the home you want to buy, the kind of amenities you are looking for, and the proximity of your home from key civic amenities, including schools, hospitals, workplace, etc.
Higher the clarity about your requirements, higher are your chances of selecting a home that ticks most, if not all of the boxes on your checklist.
Determine your budget
Mumbai is renowned for its high demand for houses and high real estate prices. Therefore, you must be certain of your budget before beginning your house hunt. Adhering to this simple yet significant tip can help you save time by limiting the scope of your search to the homes that fall within your budget.
However, with the easy availability of home loans, it is advisable to have a flexible home budget so that you have access to multiple options. Most of us buy a home once in life, thereby making the process incredibly important and one that needs to include accounting for different permutations and combinations, so clarity about your budget is very important.
Conduct thorough research
After narrowing down your search basis your expectations and home budget, the next step is to conduct thorough research based on said parameters. If you are looking to buy a home in South Mumbai, for instance, Piramal Mahalaxmi is one such project in South Mumbai that combines the values of purpose, inspiration, and aspiration whilst aiming to provide state-of-the-art amenities to its residents.
On the other hand, if you are interested in a home that can help you enhance your bond with nature, Piramal Revanta, located in Mulund, is an excellent choice for you. With beautiful views of the Sanjay Gandhi National Park, this luxury development has apartments housed across the multi-storey towers of the development, adorned with a myriad of amenities for luxury living.
Do a background check on the developer you shortlist
The process of buying a home is free from several complications if the property is from a reputed developer. For one, such developers ensure that all legal processes related to the property have been cleared and that the development is not part of disputed land. Secondly, the quality of the homes from a well-known developer will be far superior than other properties since the construction materials are sourced from reliable providers.
Last, but not the least, renowned real-estate developers are capable of delivering their projects as per the pre-determined timelines. So, unless there is a serious local or global socio-economic hurdle such as the COVID-19, you can be sure that every section of the project will be completed in sync with the tentative timelines promised by the developer.
You can check this information on the website of the Maharashtra Real Estate Regulatory Authority (MahaRERA).
To sum it up
Although seemingly simple and straightforward, the smart house buying tips mentioned above can prove to be of great value in your selection of a house in alignment with your budget, location preferences, and requirements.
You can choose from our luxury projects and buy your dream house in Mumbai with Piramal Realty today.