Things to keep in mind while buying luxury property in Mumbai

Sep , 9
Things to keep in mind while buying luxury property in Mumbai

Today luxury homes are considered a decent option for both investment and dwelling purposes. In India, the demand for luxury properties is rapidly increasing especially among High net-worth individuals (HNIs) and Non-resident individuals (NRIs). While investing in a luxury property might really seem lucrative, there are certain important considerations that the buyers should keep in mind before investing in one. 

The demand for luxury housing is at its peak, especially in  Mumbai. Owning a house in the country’s financial capital is considered to be a reflection of status and prestige. It does speak volumes about the kind of lifestyle the buyer wishes to lead. We all aspire for a spacious home overlooking lush greenery or a stunning sea view at one of the posh localities in Mumbai. However, the buyers must be conscious enough while investing in a luxurious property in the city. Here are some really important tips one must keep.in mind, while purchasing a luxury property in Mumbai.

  • Location: Finding a well-connected location in an upscale neighbourhood must be of prime importance before investing in a luxury property. Buyers must also ensure that the location offers them a seamless commute to and fro from the major commercial hubs, social, entertainment, lifestyle avenues and travel junctions. It should also be close to metro stations, railway stations and the airport. The proximity of the locality to major infrastructure projects also makes it easier for the residents to travel across the length and breadth of the city.
  • Amenities:  Luxury developments do offer beautiful architecture and interiors coupled with state-of-the-art amenities that are specially designed to elevate the living experience of the residents. Buyers looking for luxury flats in Mumbai should always seek residential properties that offer top-of-the-line interior features and outdoor facilities. These amenities include stunning views, a clubhouse with a beautifully landscaped elevated park, lush green spaces, a well-equipped gym, multi-purpose sports hall, a luxurious spa, proper jogging and bicycle track, an infinity-edged swimming pool, indoor games room, yoga room, and reading room etc.
  • Trusted developer: Apart from the location, selecting a property from a renowned developer is extremely important. Buyers must look for exceptional architectural design standards, cutting-edge technology and engineering innovations while browsing through various luxury projects by a credible developer according to their needs. It is imperative to invest in a home that is developed by a trusted real estate developer, as they ensure adherence to all the norms, superior construction quality, delivery of promised specifications, and timely delivery of the project to ensure a hassle-free home buying experience.
  • Practical luxury: To meet the rising expectations, many trusted brands these days are competing to provide various innovative amenities to attract buyers. Given the high global exposure, consumers are also aware of the international standards in design and development. The customers evaluating high-end developments should always seek value for money. The development must also provide a good project layout with adequate open green spaces, natural lighting, and ventilation. 
  • Lifetime views: A luxury home is known to be a symbol of character, stature, and grace. One must opt for a luxury home that offers them a sense of royalty and an address for life. 

Buying a luxury home is one of the most critical decisions for an individual as it involves a substantial investment and should match the prestige and stature of the buyer themselves. Therefore it is also critical for the customers to carefully research the factors discussed above before investing in a luxury property.



Post a comment

Your email address will not be published. Required fields are marked *

7 Best investment options in India AI IN REAL ESTATE Artificial Intelligence Benefits of indoor plants in the office benefits of investing in commercial real estate benefits of rental property best degree for real estate investing best places to invest in navi mumbai best real estate stocks buy commercial property buy corporate office space buy home as per vastushastra buy office spaces Buyers' payments and its utilisation as per RERA Act buying a new home buying homes in India calculate square foot of house cement sector challenges facing in cement sector in 2021 closing costs for commercial property co-operative housing societies laws commercial property commercial property for sale commercial property lease commercial real estate commercial real estate closing commercial real estate for sale commercial real estate in Navi Mumbai commercial real estate in Vashi commercial real estate investment commercial rental property commercial space for sale commercial workplaces corporate office space corporate office space in Navi Mumbai corporate office space in Vashi corporate park in navi mumbai corporate park in vashi Covid-19 impact on Indian Real Estate customized villa in khandala customized villa in lonavala Cyber works Greenscape Group CYBERCODE Greenscape Group digital real estate investment platform DRONE REVOLUTION IN REAL ESTATE INDUSTRY eco-friendly home designs energy consumption for commercial buildings energy efficiency in office buildings Eternia Greenscape Group factors affecting real estate market factors affecting real estate market in India future of digital real estate future of real estate gen z in the workplace 2022 greenscape developers greenscape group Greenscape Group Meraki greenscape navi mumbai Greenscape Realty greenscape vashi GS Royale Greenscape Group Gudi Padwa 2022 guide to buy a second home in india 2021 hedge fund collapse 2021 home design trends to look out for in 2022 home improvements to increase value homeowners association rules housing societies how to plan for second home impact of technology in real estate India real estate market India real estate market 2020 Indian Real Estate Market 2021 indoor office plants invest in real estate stocks KNOW HOW TO INCREASE THE VALUE OF YOUR HOME La Vista Greenscape Group leasing a commercial property legal documents for property lucky plants for office desk luxurious office spaces of Navi Mumbai luxury property Luxury Real Estate luxury villas Maharashtra Rent Control Act measuring tips for square feet of a house most expensive house in india Office Design Tips for Better Mental Health office space for sale office space in navi mumbai office space in vashi office space trends open concept house design post pandemic Real Estate Investment premium Indian home buyers premium real estate company problems with millennials in the workplace Property E-Registration in Maharashtra property investment property listings in real estate portals property sells Real estate agent in India real estate company real estate company in navi mumbai real estate company in vashi real estate growth in India real estate india real estate institution real estate investment companies Real Estate Investment in India real estate investment India real estate investment schemes real estate investment tips Real Estate Investments real estate investor real estate license benefits real estate market Real Estate news real estate portals real estate prices real estate project real estate projects real estate properties for sale real estate property real estate property in Navi Mumbai real estate property in Vashi Real Estate Regulatory Authority real estate rules real estate statistics in india real estate to invest in 2021 Real estate Trends Real Estate updates rent control act rental property investment RERA Act residential property investment rules and regulations for rental property screen tenants for rental properties Stamp duty and registration charges in Navi Mumbai Technocity Greenscape Group technology template The Affaires Greenscape Group The Residence Greenscape Group The Springs Greenscape Group tips for eco-friendly home tips for interior design TIPS TO BOOST ROI FOR YOUR COMMERCIAL REAL ESTATE Tips to create a Zen Corner in your home title Top Interior Design Trends of 2022 trends in real estate market twitter unique office plants v vastu tips vastu tips for apartment vastu tips for flat vastushastra vastushastra for home villa for sale weekend home destinations near Navi Mumbai What is Virtual Real Estate what motivates millennials in the workplace work from home workplace for millennials WORKPLACE TRENDS POST-PANDEMIC Workspace Tips for Better Mental Health ZERO-RENTAL FLATS