With the introduction of the Mumbai Metro in Ghatkopar, connectivity to the Western railways has never been better. This has made way for considerable redevelopment of residential properties within Ghatkopar. Investing in a residential property in Ghatkopar while the real estate market remains favourable will prove to be a prudent choice for home buyers.

For prospective home buyers, selecting the best deals will ensure optimal long-term returns on your investment. We highlight a few tips that home buyers should follow before signing the dotted line.

#1 Research Future Developmental Plans

Researching upcoming real estate projects should be mandatory before you begin your search. In recent years, there are new businesses that have mushroomed in the area which have added to the reasons that made Ghatkopar a prime locality. This has resulted in luxury apartments in Ghatkopar catching the attention of home buyers and property investors alike.

Your research should be about upcoming real estate developmental projects that demonstrate future potential. Ghatkopar East is a good place to start with a large number of real-estate projects currently underway. Consider the historic price trend (per square feet) of an area, before buying property as it may result in relatively cheaper property rates.

#2 Research Locality Amenities

The introduction of the Mumbai metro has made Ghatkopar a more accessible locality. With essential amenities in place, such as hospitals, schools, and multiplexes, the quality of life in Ghatkopar is high. Ideally, you should choose an area which is conveniently located around the facilities that you want to access. ‘Vikrant’ and ‘Orion Circle’ are two such iconic places in Ghatkopar East which are both centrally located and are currently redeveloping.

#3 Check developers’ track record

With Ghatkopar becoming a real estate hub of sorts, there are numerous real estate developers that have emerged over the years. When deciding your next home, ensure that you check the credentials of the developer before purchasing the property. It is always best to go for a well known and experienced developer who has a good track record on project delivery. This will ensure timely possession of flats and the quality of the overall constructed property.

#4 Ensure the deal is transparent

While looking for your dream home, it is imperative that you look for transparent deals. A good way to know if there are any ongoing disputes is to ask your developer if any home loan companies have approved the project. Home loan companies usually do a complete background check on the property, as any loss in repayments will directly impact their bottom lines.
Additionally, making sure your deal is transparent will make it easier for you when you apply for a home loan with your bank. Lastly, remember to ask your developer to present the Occupation Certificate or Completion Certificate once the project has been completed.

Wrapping Up

Next time you are in the market, searching for a good residential property in Ghatkopar, make sure you keep these four tips in mind. Remember, being prepared before you buy is a mantra that could save you from considerable hassle.