The property market in Mumbai is set for another locational price and demand and supply war.
After the New DCR and specially over the past few months no Developer can complain that he is not getting permission from the BMC as if his files are as per the new norms there is no reason why he should not get permissions to construct.
This has spelt good news for the consumer or the home buyer as each location in Mumbai has something or the other to offer to a home buyer.
The only place we don’t have new construction today is South of Tardeo which is proper South Mumbai.
For further location analysis please visit the research section of our website.
We do see certain locations having an oversupply and certain locations still have a huge demand.
A few years back there were limited launches owing to the DCR rules and subsequently in 2014 we have seen a lot of new launches.
The new launches not only give a home buyer an opportunity to get into the project at a nascent stage but also enable to create an asset or build a home with a good 3 to 4 year payment plan.
A few tips to get into the right project;
Ensure that you are dealing with a good brand in the market with proven track record. No point investing in a cheaper non branded property if you don’t get delivery on time or even get it.
Going forward the market is going to be brand conscious.
Get into it on day one and understand what are the options coming up. You can know about new launches by subscribing and registering on our website.
Find out a total cost sheet and understand if there are any hidden costs.
For more information on new launches and a personal discussion on your investments please feel free to call us on 9820030685.