Uploaded on May 25, 2020
Here are some tips on how to find a good residential property in Mumbai. Kindly refer to the document to read in detail about the tips.
How to Find a Good Residential Property in Mumbai
How to Find a Good
Residential Property in
Mumbai
Now that you have decided to invest in a residential
property in Mumbai, you will have to take some time to
think from different angles to zero in on the right
property. Let us approach the different parameters one
by one.
Proximity of your property from the railway
station
The local trains being the most important mode of
transport in Mumbai, properties that are close to railway
stations are preferred the most. If your budget allows,
you may consider buying a property that is within 15-20
minutes of walkable distance from a railway station.
However, if your budget does not allow, you can
consider a property that has good transportation
facilities to and from the railway station. For e.g. there
are share auto rickshaws, taxis and buses with good
frequency that will drop you to the nearest railway
station.
Accessibility to the connecting highways
If you are buying a property in the western suburbs,
check for easy accessibility to S.V. road or Linking
road, directly connecting to rest of Mumbai. That will
make commuting comfortable. If you are in the central
suburbs, check for easy accessibility to L.B.S. marg or
B.A. road. Checking this parameter is more important
if your property is far from the railway station.
Local Infrastructure
When buying a residential property in Mumbai, you
have to keep in mind that it is not only the property
that has to be evaluated but the surroundings should
also be studied thoroughly. Especially when it is a
residential property, you should check the amenities
and provisions in the surrounding. There should at
least be a market and a dispensary in the near vicinity.
Other facilities like park, school, hospital, restaurants
will be of added value. For example, in the 1990's,
central Mumbai prices had gone down, but with new
commercial centers and many office for lease in Lower
Parel, the property prices have started soaring again.
Safety and Security
Safety and security of the area where you are buying
the property is of prime importance. If the property is
adjacent to slums and crowded localities, do make
thorough inquiries in the nearby police stations to
confirm that the area does not face problems from
notorious people. A brief talk with neighborhood shop
owners will also provide enough insight about the area.
Neighborhood Cleanliness
This factor is most often overlooked when buying a
residential property in Mumbai. But this may become a
nuisance after you have shifted in. So, it is always
better to choose a locality with clean surroundings. A
filthy neighborhood will not only be an embarrassment,
but will also cause health issues.
Contact Us
ON-SITE SALES OFFICE
Satellite Ghanwat Compound,
Gandhi Nagar, Behind Lokhandwala Complex,
Malad (E)
HEAD OFFICE
7th Floor, S-14, Solitaire Corporate Park,
Andheri Ghatkopar Link Road, Andheri (East),
Mumbai - 400093
Kindly Connect Aarmbh at
www.groupsatellite.com/aara
mbh/
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