Mumbai is known as the real estate capital of the country. It is home to the most expensive properties in India. The city offers a range of property choices in terms of configuration, price, and amenities. The property rates vary greatly depending on the location of the property and the stage of construction.
Let us look at some advantages of buying an under-construction property in Mumbai
Price Advantage
At this stage of the project, the developer wants to market the project so that getting approvals and loans for the project is easier. Hence, the prices are much lower compared to ready-to-move-in homes available in the market. Another reason is that after getting the RERA certification, township projects in Mumbai see a sharp increase in their prices. If the property you are interested in is locked in during the under-construction phase, you will be able to avert this price hike. Many under-construction projects offer attractive schemes like staggered payments and lucrative offers which result in significant savings.
Customization and Other Benefits
The first-mover advantage can be highly rewarding for the new home buyer. They get to choose the floor, preferred flat with views, floorplan, stairs, etc. of their choice while staying within the pre-launch price. Moreover, the interiors of the flat could be modified by making requests to the builder to suit any specific needs. These can be easily accommodated as the project is under construction. The money saved by booking the property under construction can be used to plan luxurious interiors and other amenities for your new home. 3 BHK flats in Kandivali East can be customized to suit your requirements.
Original article published on https://www.ezeebiz.in/benefits-of-buying-under-construction-home-in-mumbai/