Why Buying Property in a Prime Location is the Best Investments?

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  • Published date: January 7, 2021
    • Mumbai, Maharashtra, India
  • [ #55408 Ad Views - 33 ]

If you are thinking to invest your money in property, you should be looking for properties in a prime location that adds value to your investment. Selecting a residential property involves the consideration of a lot of factors. It's not easy to find a property in Mumbai, because the property rates are too high here and not all locations in the city are ideal for residential investment.

However, in the last few years, many new locations have been developed in Mumbai suburbs, and most of them offer excellent choices in residential apartments. Goregaon is one of them; the city has observed a rapid development growth in the last couple of years which helped the city transform into a well developed residential station. It is one of the most preferred locations for investing in residential property. Apartments in Goregaon west provide you with good facilities. This location is also ideal for families. This locality gives them an affordable and luxurious housing option, shopping malls, entertainment hubs, educational institutions, small industries, etc within its neighbourhood. Purchasing an apartment in Goregaon west can be beneficial for your future too, as the price of a property in this area will increase. The locality has also developed with all the latest facilities, and all types of transportations are easily available in this area.

The price and the location of the property are important factors to consider before investing in the property. The location is the key here which dictates everything else about the property. It's also important to know about the pros and cons of the location of the property.

There are several advantages of having an apartment in Goregaon west.

• The location is ideal for commuting.

• All major places in Mumbai are well connected to Goregaon.

• One can also enjoy an improved standard of living in Goregaon

• Apartment in Goregaon West is easy to sell or rent out as property in this area are always in demand.

• It makes Goregaon a prime location for the investors.

An investor should also know about the recent market price of the property so that no one can cheat him.

The current value of property in Goregaon

• Like most of the locations of Mumbai, Goregaon is divided into Goregaon East and Goregaon West. The residential property prices of 1 BHK in Goregaon are approx between Rs 1cr to Rs 1.5cr 'Whereas the price of 2 BHK in Goregaon is between – Rs 2.20cr to Rs 3cr.

According to https://www.magicbricks.com/

If a person is willing to buy an apartment in an ongoing project, they should consider these points.

Builders credibility - Always do some research about the builder's background and reputation before purchasing the property. One can also check the developer's previous project work and their construction quality through actual site visits.

Possession guarantee - An investor should always check the promised possession date while buying property from an under-construction property. Always confirm it with the date mentioned in the agreement before signing it and ensure a clause of repayment if the property is not handed over to you on the mentioned possession date. You should also check all additional charges and taxes before investing in a property.

Bottom Line

If you are planning to buy 2 BHK for sale in Goregaon West, visit https://www.chandakgroup.com/ for ready possession flats in Goregaon west and know more about new residential projects in Goregaon. ChandakGroup of construction promise to offer you the best property deals in your budget.

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