Table of Content
This payment flexibility is the main reason for preferring under-construction properties in Mumbai. The first step in the home-buying process is tofind an agent you feel comfortable working with on what will likely be the largest financial decision of your life. Ask friends and family members for referrals, and interview several real estate agents. Once, you pay the complete amount as per the payment schedule, you will have to go to the local registrar’s office for the registration of your sale deed.
Renting out your property will let you earn more than you invested. But if you are buying a home for self-purpose or settling down, research well about the property because you will be staying there for the long term. We have created a complete step-by-step guide on how to buy new house. Just follow the steps for a hassle-free home-buying experience.
Integrated Townships - NRIs' First Preference
If the property is an investment, you should choose a well-connected area, easily accessible with all modern amenities available. You must also correctly analyse the real estate forecasts to dig out profit from the deal. I have one query, once the loan is disbursed and first payment is made from the bank, is there any Insurance coverage that adds to your total disbursement? Since I wasn't informed/aware about the Insurance coverage so wanted to check if its a standard thing across all Banks/HFI.

Space is the one thing that NRIs became accustomed to abroad that cannot be taken for granted in this crowded country. Space is the ultimate luxury in India, not only within our homes but also around them. The possibility of going for a bracing walk or jog, or pursue a sport in spacious, uncrowded surroundings is a must-have for NRIs. Green open spaces and well-managed roads with sidewalks figure unfailingly on every NRI's wish list. Kandivali is one of the poshest and most demanding locales to live in Mumbai. Upcoming infrastructure projects, employment opportunities, and overall economic growth in the regions.
How do Indians intend to use their US property?
Make sure the properties you choose fits the list of your key parameters of home buying. Figure out your expectations from your home such as amenities, features and specifications. Start touring these properties and strike out the ones that are not fulfilling all the key parameters you want in your home. Make a list of all the things you saw in each property, take pictures and make videos. While buying a new home you should compare the real estate projects on the basis of the right parameters.

Let us look at what all you need if you are planning to buy or sell any property in India. Residential properties in Pune have been highly popular among the NRIs who like to invest in India. Buying a property in India is no more complicated, it is a simple process. An NRI does not need any specific permission from the government to buy property.
Rational Prices
Documents for property usage are needed to know for what purposes you have purchased a property. In some countries and India, several states’ laws made ” using land for other than what it was meant for” illegal. For other usages, you have to grant permission for land usage legally.
Ideally, the best budget allows you to meet all the expectations of buying a home in Mumbai, without an unbearable financial burden. Having selected the location in the first stage gives you a rough estimate of the total budget. Ease of living, quality of life, employment opportunities, connectivity, and so on.
Generally, in Mumbai, there is almost consistent and equal popularity for 1,2, and 3 BHK configurations. This means for buying a home in Mumbai you will have a variety of projects with your suitable configuration. Cost ComponentsKey PointsStamp Duty & Registration ChargesStamp Duty Charges are levied by the state government and are mandatory to pay while buying a property.

The letter lists all the details of your home loan offer, including the loan amount, the rate of interest, loan tenure, the mode of loan repayment, and all other terms and conditions. From selecting the locality to choosing the right residential project, everything has to fall in place. Knowing the basics helps to take accurate decisions in the home buying process.
So, Let’s understand the prices of the different categories of the locality in Mumbai for the first quarter of 2022. While buying a home in Mumbai location viability is the center of consideration. This is because, in Mumbai, there are significant shifts in prices, social and economic framework from one locality to the other. The process of buying a home becomes more efficient and cost-effective.
The services of these advisors are free for you as they will get their fees from the developer. So, you can save your time and money by engaging a professional advisor. But check the authenticity of the consultant as you will come across many unprofessional & uneducated real estate agents.