Tips to invest in upcoming property projects in Navi Mumbai

According to the last survey conducted by a private real estate firm, Mumbai continues to be the most preferred location for property buyers. While some are eager to make property investment in the city, others are waiting for the right time to purchase property for personal use. The best time for a property buyer to enter the real estate market is the buyer’s market. The prices are its lowest, the sellers are ready to negotiate the property prices and new projects come up to offer affordable apartments and spaces. Mumbai has probably entered the buyer’s phase where property prices are low than usual and the supply is more than people can afford. This allows the homebuyers to select a configuration that fulfills their needs and appeals to them.

If Mumbai is one your top of the property investment list, many new real estate projects in Navi Mumbai may attract you. With the main city becoming saturated with commercial and residential spaces, the suburban areas of Mumbai such as Thane, Vashi, KoparKhairane and others are attracting many young working professionals and families alike. One can expect to get the best deals as properties are experiencing price correction. Following are few tips that could help one to invest wisely in upcoming projects in Navi Mumbai.

Locality research: It is essential to research the neighbourhood where you are planning to buy property. Before visiting houses or contacting brokers, it is important that buyers must do a thorough research of the neighbourhood and the amenities it offers. Other factors such as the locality pricing, its movement and negotiation extent will further help in making the right property decision. Social amenities such as schools, hospitals, bans and others play a vital role, especially if you have a family.

Distance and commute: It is important to measure the distance of the property to your work place, as it is this distance that you need to commute every day. Nearby airport and railway station, bus stand and other conveyance facility is a major factor to consider when buying a property. Places like Vashi in Navi Mumbai are well connected with railroad systems. The place also has a number of multinational companies and tech giants employing hundreds of people. It is thus imperative to consider these factors while looking at new real estate projects in Vashi.

Capital Gains: researching for capital gains is a good idea if you are planning to buy property in terms of investment. Most neighbouring cities such as Bangalore, Pune, Kolkata and Chennai are still in developing stage and hence offer great capital gain prospects. City like Mumbai is very congested and nearing saturation pint. Hence investing in new projects in Mumbai should be done carefully since the capital gains would not be much. However, investing it suburban areas of the city such as Vashi can offer the best deals and good future capital gains.

With a plethora of options, the home buyers and investors should make the most of the property buying experience by knowing every factor that would affect their buying decision.