Article by Sandeep Sadh posted on May 26, 2023 Does it make sense in Buying Under Construction Property in Mumbai It can make sense to buy an under-construction property in Mumbai, but it also comes with certain risks and considerations that you should be aware of before making a decision. One of the main advantages of buying an under-construction property is that it can often be more affordable than buying a completed property. This is because developers may offer discounts or other incentives to buyers who purchase early in the construction process. Additionally, you may be able to customize certain aspects of the property, such as finishes and fixtures, to your liking. However, there are also some potential downsides to buying an under-construction property. The biggest risk is that the project may experience delays or other issues that can affect the timeline for completion. This can be particularly concerning in a city like Mumbai, where construction can be complicated by factors such as limited space and regulatory hurdles. Another risk is that the final product may not match your expectations. This can be due to differences between the developer's plans and the finished product, or issues with the quality of construction. Overall, if you are considering buying an under-construction property in Mumbai, it's important to do your due diligence and carefully consider the risks and benefits. You should research the developer's track record, as well as the regulatory environment in Mumbai, to assess the likelihood of delays or other issues. Additionally, you may want to work with a reputable real estate agent who can provide guidance and help you navigate the process. AUTHOR Sandeep Sadh Experience in Transactions, Knowledge of the Real Estate Market, Understanding of the Legal Matters and its Implications on a transaction and knowing Ground Realities and to be the Founder - CEO of one of the most connected Real Estate Advisory Firms and in being in the consulting advisory real estate business Since 1993 has given Mr.Sandeep Sadh an edge in the market. He has been a Columnist in Times of India and engaged in Buying, Selling and Leasing of Residential and Commercial Properties. He writes basis on the Current Market condition with Research and Analysis of various Micro Markets etc.