The decision to buy a home is not an easy one. For most people, it is going to be a one-time thing because most of us don’t even earn enough to be able to own a second home.
Besides, the EMIs will extend for almost a life-time and so, if you are to shoulder on this big financial obligation, you should at least make sure you do it right. For instance, you should buy the property in a good location, and in a safe gated colony in Mumbai.
If you got the gist, here’s how you can own a 2 bhk flat in Mumbai that’s actually worth the value.
-> RERA verification of the property: First of all, make sure the property you’re buying is RERA approved. If your property is not RERA approved, you might face some major legal problems along with having a hard time getting approved for a home loan.
Thus, no matter what you do, make sure the property you’re buying is RERA verified.
-> Ensure the RERA verification of property seller: Secondly, make sure the property agent you choose to help you in this process is RERA verified. RERA has made it mandatory for every real-estate agent to register with RERA to continue in the business.
Also Read: RERA and its Impact on Real Estate
-> Legal status of the property: Whether you talk about a property in Mumbai or in Delhi, ensuring the property is legally sound and is available for purchase is mandatory. So, hire a lawyer who can get you the required information before proceeding any further.