How to Find a Good Residential Property in Mumbai

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How to Find a Good Residential Property in Mumbai
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Now that you have decided to invest in a
residential property in Mumbai, you will have to
take some time to think from different angles to
zero in on the right property. Let us approach
the different parameters one by one. Proximity
of your property from the railway station The
local trains being the most important mode of
transport in Mumbai, properties that are close to
railway stations are preferred the most. If your
budget allows, you may consider buying a property
that is within 15-20 minutes of walkable distance
from a railway station. However, if your budget
does not allow, you can consider a property that
has good transportation facilities to and from
the railway station. For e.g. there are share
auto rickshaws, taxis and buses with good
frequency that will drop you to the nearest
railway station.
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Accessibility to the connecting highways If you
are buying a property in the western suburbs,
check for easy accessibility to S.V. road or
Linking road, directly connecting to rest of
Mumbai. That will make commuting comfortable. If
you are in the central suburbs, check for easy
accessibility to L.B.S. marg or B.A. road.
Checking this parameter is more important if your
property is far from the railway station.
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Local Infrastructure When buying a residential
property in Mumbai, you have to keep in mind that
it is not only the property that has to be
evaluated but the surroundings should also be
studied thoroughly. Especially when it is a
residential property, you should check the
amenities and provisions in the surrounding.
There should at least be a market and a
dispensary in the near vicinity. Other facilities
like park, school, hospital, restaurants will be
of added value. For example, in the 1990's,
central Mumbai prices had gone down, but with new
commercial centers and many office for lease in
Lower Parel, the property prices have started
soaring again.
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Safety and Security Safety and security of the
area where you are buying the property is of
prime importance. If the property is adjacent to
slums and crowded localities, do make thorough
inquiries in the nearby police stations to
confirm that the area does not face problems from
notorious people. A brief talk with neighborhood
shop owners will also provide enough insight
about the area. Neighborhood Cleanliness This
factor is most often overlooked when buying a
residential property in Mumbai. But this may
become a nuisance after you have shifted in. So,
it is always better to choose a locality with
clean surroundings. A filthy neighborhood will
not only be an embarrassment, but will also cause
health issues.
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