How To Choose An Ideal Real Estate Developer

Residential property investment is one of the biggest investment made by a man and real estate property developers play an important role in this process. With so many real estate developers in Mumbai, people often get confused about which real estate company they should choose. Every other developer claims to offer great deals and services but the reality of these deals and offers come out once you purchase the property and reside in it.
 

To clear your confusion of choosing a real estate developer, here are few guidelines on how to choose an ideal real estate developer.
 

A. The real estate developer you choose should possess following skills:

1. Problem-solving
 

Good real estate developers must possess problem-solving qualities. They should be able to navigate all the roadblocks that come in the way of their property. They should find solutions to problems such as zoning issues, dealing with adjacent landowners and finding ways to adjust budget with time.  
 

2. Creativity
 

The hyper-competitive real estate industry demands creativity and to stand tall in such an industry, a real estate developer must be extremely talented and creative.  Great real estate developers come out with exciting ideas and innovative designs. Along with that, they also incorporate newer building techniques and utilize innovative construction methods.
 

3. Customer-oriented
 

For all the good real estate property developers, their customers are their only priority. They try to resolve and give a solution to queries from their customers. 
 

B. You must follow these ground rules to make sure that you are going with the right company:

1. Transparency
 

A real estate company must be transparent with their buyers or investors in terms of all the charges of the property. It is important you understand and know about all the charges before investing in the property. There should be nothing left for you to pay except for the price of the house you are buying. There are many real estate companies in Mumbai that ask their buyers to pay some extra charge even after the deal is done. So, in order to avoid getting trapped in such situations, be transparent and clear beforehand.
 

2. Construction of the property should be complete
 

If you are investing in a ongoing project in Mumbai that the real estate developers claim as completed then, there should not be any area of the property that is still under construction once the deal is done. It is your duty as a buyer to check and make sure that your house does not require a paint job or electricity supply once you pay for everything. Knowing that your builder has given all the information about the property beforehand itself, you can be sure that the builder is trust-worthy and sticks by their word.
 

If you choose a real estate company in Mumbai with the above-mentioned skills and if you come out with positive results after following the ground rules then, that real estate company is the ideal company for your investment.

Things To Check Before Buying A Luxury Apartment in Mumbai

New housing projects in Mumbai are creating enticing options for investors looking for lucrative purchases to invest in. While most buyers of luxury properties in Mumbai would like to opt for villas and stand-alone homes, it is equally important to note the benefits of investing in big-sized luxury apartments before freezing their purchase. There is no point in falling for big-sized villas that incur regular costs and time inputs for the sake of day-to-day maintenance.
 

The following tips and advice will help you take a closer look at the various aspects of real estate purchase as you begin your search. 
 

Tips for Buying Luxury Properties in Mumbai
 

1. Budget
 

One of the primary things to remember when you are considering one of the ongoing projects in Mumbai is your budget. Even though you have big savings to back your purchase, you may have to take up a bank loan to fulfil your ambition of gifting a big home to yourself and your family. Never make the mistake of taking on more debt than what you can repay without getting stressed. You can always buy a bigger and more luxurious property later on.
 

2. Legal Angle
 

If you run a Google search, you will come across several developers and builders in India who may have taken their customers for a ride with unfulfilled promises. Save yourself from falling into the same trap by researching in depth about all the legal issues that may come in the way of your purchase. It is important to ascertain the credibility and reputation of the builders of your choice beforehand. They should not be tangled in legal issues or have any unscrupulous dealings to their name.
 

3. Square footage versus price
 

After you have shortlisted the builders who match up to your living requirements, ask for detailed site plans and floor plans. Also, ascertain whether the price asked for is for the carpet area or super-built area of the apartment. In general, the super-built area is about 30 per cent more than the carpet area. You will be paying for the carpet area that comprises the four walls of the apartment that you will be living in.
 

So, are you ready to go with these helpful tips and advice in place?