Important Steps on How To Shortlist A Real Estate Residential Property for Purchase

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  • Published date: October 28, 2020
    • Mumbai, Maharashtra, India
  • [ #53250 Ad Views - 7 ]

Comparing and shortlisting a real estate project can get overwhelming and difficult. When you have various builders offering best rates for 2BHK for sale in Worli and each builder having several projects on the list it becomes more difficult to shortlist. So, for your convenience, we have come up with some of the important parameters that will help you quickly shortlist the projects.

  1. Registration from RERA

As of 1st May 2017, for a project that is under construction, it is necessary to get a RERA registration number. Shortlist under-construction residential properties for sale in Worli only if it is registered by RERA with all the project details appearing on the RERA website. This is the most important shortlisting criteria.

2.Location

Location is another important aspect for purchasing real estate Luxury apartment for sale in Worli. A buyer always has a personal preference when it comes to the location of the property, it is either north, east, west, or south of the city. The proximity of the project must be weighed from the city centre or your workplace. If you have kids, check how far the schools of your interest are from the project. Also evaluate other important landmarks like a hospital, bus stand, railway station, airport, and local transportation. You can also check other factors of town planning like water supply, the liveability of area, greenery, and scope of the future expansion of the project.

3.Appreciation

You can compare the overall appreciation of the area especially 2 BHK for sale in Worli for the project that interests you the more. for any real estate investment or purchase, appreciation is vital, as it will lead a higher rate of return when you want to resale it in future or when you think of increasing the rental income. Check appreciation trend of 5 years of the area and analyse whether the project is a good fit according to your expectation.

4.Budget

You will have to give out money not just on the basic cost but, based on rate/sqft and the total cost of 2BHK for sale in Worli. Real estate portals will provide you with clarity about the basic cost but, the final cost will not be known to you until you ask the builder about it. Weigh-in 3 years of future expenses if you want to shortlist the project with an affordable EMI. As most buildings are under construction for at least 3 years you will not be able to sell your property in this period and must keep paying the EMI. This is an important factor to weigh when shortlisting projects.

5.Compare floor and master plan

On a higher note analyse the project size, number of towers, and the floor count and then only shortlist the project if it suits your preference and liking for the architecture of the building. The next thing will be evaluating the configuration of the unit whether 1BHK, 2BHK, or 3BHK apartments. Luxurious 2 BHK apartments at Worli are the most preferred choice of the consumers these days. You must avoid investing in small projects of 1 acre as the project will be cramped from all the sides and will not have space for basic amenities.

6.Check other necessary clearances

Checking out for other necessary clearance is another vital aspect of shortlisting. Know whether the builder is willing to share the legal documents with you. Every project will have a folder containing legal documents which are updated from time to time as it acquires new clearances and other receipts.

Bottom Line

It is vital to consider the above criteria’s when you are shortlisting a property for purchase or a 2 BHK for sale in WorliChandak Group has projects at every desired location. You must check their property when you are shortlisting the important projects. For further details, you can visit their website at www.chandakgroup.com

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