6 Steps to Follow While Looking for a Suitable Accommodation in Mumbai

Home – a haven of comfort to retreat to after a long day; your individual space away from all the hustle and bustle; your abode to spend quality time with your loved ones.

Yes, a home is all of this and more for individuals and families. Thus, it hardly comes as a surprise that one of the greatest dreams that citizens harbour in a city like Mumbai is to have a home to call one’s own. Today, the suburban areas of Mumbai have become major residential hubs for individuals looking for permanent residence in the city.
Reputed builders in Dahisar, Borivali and other emerging suburbs of Mumbai strive to provide the best accommodation facilities at affordable prices to Mumbaikars. Having said that, what are some things you may want to keep in mind as a Mumbaikar looking for a comfortable home in the city of dreams? Here are some steps you may follow:

1. Determine Your Budget and Financial Requirements

The first step you may want to take while buying a home is to determine your budget. This process begins by determining your current expenses and income, the financial support and perks afforded to you by your organization, the number of earning members in your family, your insurance and all other significant aspects in terms of finance. These specific considerations can help you decide what amount you can afford to spend on buying a home.

2. Carry Out an Analysis of the Different Areas in Your City

Think about which parts of the city you may want to purchase your home in. Today, in large cities like Mumbai which are highly affected by overcrowding and pollution, it is all the more important to find a locality that strikes the right balance between the availability of the basic amenities and sufficient space and greenery. For instance, a 1 BHK in Dahisar that provides the added advantages of nature surrounding the place and a rapidly developing suburban locality can be your perfect choice in an otherwise overpopulated city like Mumbai.

3. Consider the Floor Plan and the Space Provided Within the Flat

Another determinant while looking for a home is the amount of space available to you within the home as well as the floor plan of the flat. A well-designed floor plan can actually make a smaller flat in terms of sq. ft. feel larger and more comfortable than a flat that has more sq. ft. of carpet area. An efficient floor plan makes sure there are no wasted corridors or spaces in the flat that cannot be used. A 320-380 sq. ft. 1BHK flat can feel very large or very small depending on the floor plan.

Even with efficient floor plans, not all 1BHK flats are equal. Some will have open kitchens which can be smaller, while others will have closed kitchens which are more private but require more space. Some flats will have bathrooms attached to bedrooms, while others will have them attached to the hall, and still others will split the bathrooms into two separate rooms – one containing the shower and the other containing the toilet. Good builders in Mumbai will have efficient floor plans that suit your specific needs.

4. Finalize a Good Broker

The next step is to find one of the most crucial parties in your process of buying a home – your broker. A reliable broker is not only one who has sufficient knowledge and experience in the field but also a person who has a good reputation. It is advisable to speak to other more experienced individuals in the real estate field as well as other persons who have purchased properties in Mumbai before. Online reviews and testimonials are good ways to gauge the broker’s credibility.

5. Choose the Right Builder

While finalizing a builder, it is not only important to carry out the necessary background check and gauge his/her professional capabilities but also to draw inferences by means of personal interactions. Reputed builders in Dahisar and other emerging residential areas in Mumbai possess qualities such as transparency, extensive knowledge about the field, and a genuine intention to help the client as opposed to merely minting money. Close interactions with your prospect builder can help you gauge these qualities and arrive at an informed decision.

6. Check for the RERA Certification

The Real Estate (Regulation and Development) Act (RERA) passed by the Parliament of India is one of the most important criteria to protect buyers from exploitation and ensure a safe and secure real estate investment. RERA governs key aspects or checkpoints to be considered while buying property, including the quality of the construction material, pricing, conditions regarding delays in the project, fund allocation etc. Before buying property, always ensure that the builder and his/her upcoming project has been certified by RERA.

Conclusion

Many individuals are often apprehensive about buying property not only because of the high costs involved but also due to the tedious process and multiple requirements. However, some sound analysis and good decision making at the start of the process can considerably ease the same. Last but not least, professional support and approachability on part of your brokers and builders plays a huge role too! At V. K. Lalco Group, we not only offer spacious 1 BHK flats at VKLAL Vishnu Phase I in Dahisar but also provide end-to-end support and transparency throughout. Click here to know more about us!