Tips to Consider when Dealing with Real Estate Agents in Mumbai

Home buying experience can be daunting if you don’t find a good real estate agent. Here are some of the tips that help you deal with real estate agents in Mumbai:

• You will have to be in constant touch with the agent if you want to get a good deal


• It helps to double check everything you are being told by the agent because in order to lure the buyer, many agents tend to give wrong information about the residential projects. There is no harm in getting a basic idea of property rates from newspaper ads or property portals


• There is no point in relying on just one broker. Instead, contact several brokers and compare rates


• It is recommended not to get finance from the financial service company suggested by the sellers’ agent. You should instead get a quote a discuss it in detail with your own mortgage advisor


• Usually, real estate agents are not very transparent about a building’s construction quality. For instance, in one locality there can be two similar properties that are priced the same but one will give you more value in terms of amenities and construction quality


• When finalizing a deal, it is always recommended to meet the other party (in case you are residing in a different city). If your real estate agent is pushing you to close the deal without getting to know the seller in person, you shouldn’t go for it


• Remember, the agent will be asking you for a commission which is usually a percentage of the deal value. It is recommended to ask about the fee he/she is getting from the other party. If you don’t get a clear reply, you should become more careful

Upcoming Residential Projects in Mumbai - Growing Demand for Luxury Homes

Mumbai’s skyline will be transformed by several upcoming residential projects. The most of developers are launching their new swanky buildings which will offer high-class amenities to the residents. From butler services to the concierge, it appears to be home purchasers are in for a treat from realty companies.

You will be shocked to know that population in India has grown in the previous few years. Wealthy buyers have pushed the interest for high-rise apartment or condominium building in the city. So as to woo them, developers are presenting their new projects including, luxury penthouses and condo. Neighborhoods behind Chowpatty Beach and Malabar Hills are signs of the boom in skyline buildings.

Suburbs of Mumbai are getting a support from other developers. Even real estate companies from across the country are launching exciting new commercial as well as residential projects in partnership with property development companies.

Nowadays, home buyers not only search for an apartment or flat but also look for an entire luxury living expertise. Whether or not the infrastructure of Mumbai can address the building boom is going to be a factor to see. At present, the market is giving everything a luxury property buyer can request.

Not only classy locations but also real estate companies are offering stylish homes in Ghatkopar, Khar and different suburbs of Mumbai. Buyers are consistently attracted with ultra luxurious amenities like modular kitchen, Italian marble flooring, landscaped gardens, split AC in all the rooms and banquet facilities on the terrace.

Due to improved infrastructure and better connectivity to different zones of Mumbai, several residential projects are rising in Goregaon East. As per real estate professionals, Mumbai has the capital trade links and business that may help the city contend with Singapore, Dubai and Shanghai as far as property.

Why Ongoing Residential Projects in Mumbai are attracting the Buyers

Development and sales of luxury homes have been lukewarm in most of the Indian metropolitan cities. Be that as it may, concerning Mumbai, developers keep on offering stylish flats in luxurious ongoing residential projects.

Majority Developers are offering luxury flats valued at approximately 100 Crore INR (roughly $16 million). Not only Malabar Hills and Altamount Road however areas like Worli and Lower Parel also are being explored for developing stylish properties.

In the most recent decade there has been a spectacular change in dynamics of luxury housing in Mumbai. A slowdown has been seen in the demand and value appreciation of properties in Marine Drive, Pedder Road and other locations in the city.

Developers are investigating Worli for constructing residential projects for buyers who would like to near the Sea Link for quick access to Bandra Kurla Complex. Corporate employees having offices in Bandra-Khar-Santacruz belt like Worli for getting a property as they need to reside in close proximity to their workplace.

Some of the upcoming residential projects in Mumbai are giving homes with sound proof glass in order that homeowners will get pleasure from peace without outdoor noise. These ultra-luxury flats are being offered to wealthy buyers who would wish to live in a house with rugs from or John Lobbs or Jimmy Choos. To bait buyers, developers are tying up with worldwide interior design firms.

Few homes are extending between 14,000 to 18,000 square feet with 14 feet high ceilings. The concept is to make farmhouse type of luxury in an apartment. A number of the flats even offer dramatic views of the city.