Things to Consider Before Investing in New Projects in Kandivali East

Investing in Kandivali East is a smart choice in the long term. Here is a list of things you should consider before investing in New Projects in Kandivali East.

Investing in real estate is proven to be the best decision in anyone's life, but does anyone think about the high-reaching price of the property? Maybe not, which is why many are not interested in buying a new home. 

By thinking from the customer's side, the developers and builders are moving to the suburban side of Mumbai, and the up-to-date "Kandivali" is the best and fastest growing suburban in Mumbai.

Buying a home is always a massive and emotional decision for all. For the same reason, people look for apartments with all the amenities and a nearby environment. Home is the emotional investment that comes with great financial investment, and for investment purposes, new projects in Kandivali East are the best opportunity for investors.

Why Kandivali?

Even after knowing property investment is the best investment, many middle-class people are not interested in buying a new home because of the far-reaching prices of properties. Mumbai is known as the dream city for many, but in some sense, it's not the place for one who can buy a new home in Mumbai as the prices are not affordable for many.

To complete the wish of many common people, builders and developers in Mumbai started looking out for an opportunity to create their sites which can come at affordable prices with all the amenities, environment friendly, and in an excellent locality, and they found the perfect place which is "Kandivali East".

Kandivali east is the perfect posh area to live in as it comes with a great environment, greenery, nearby stations, a growing market area, a multiplex mall, etc. 

Kandivali is the best place for people who want to keep their work-life balanced and live peacefully. People can easily connect with their employment stations as the major train station Borivali is the nearest, where almost all the trains have stopped. Above that, Kandivali east is the heaven for working professionals to live hassle-free life with recreational activities in Kandivali.

4 Things to Consider Before Investing in New Projects:

Mumbai is one of the most desirable cities to live in and owns many opportunities for residential projects and started growing in nearby suburbs. Kandivali is one of the fastest-growing suburbs and the people's favourite places to live in.

But there are some things below that should consider before investing in new projects in Kandivali east, which are given below:

1: Specify Your Purchase Purpose

Buying a new house is always a massive decision and comes with many things to consider and think about. One even comes before searching for the property, "specifying the purchasing purpose".Searching for the best and most suited property is the biggest task for everyone. Defining the purpose before purchasing the property will make you find the best property without worry.

For instance, if you are buying a property for a low-risk investment and want to earn some rent, you should search for price-appreciation properties. If you are buying it for yourself, there is no need to look out for other things and focus on some basic amenities, community, nearby things, etc.

2: Research About Neighbourhood Trends and Prices

Thinking about purchasing a new property in a new year or a fully unknown area, you should know about everything related to the property trends in the area. Price ranges may vary based on the amenities provided by the developers, nearby markets, schools, localities, environment, etc. 

Apart from that, before investing in real estate, people should check neighbourhood trends such as past developments in a particular area, rental yield, planned projects, etc.

3: Due Diligence of Developers

Despite introducing the RERA Act in 2016, many pending real estate projects exist. Buyers should evaluate the developers by seeing their projects, market reputations, developer experience, commitments, and track records. 

People should check whether the under-construction apartments if the plans as per the municipality guidelines or not, check the completion date of the project on the government's website and check the same in the sale agreement and add the clause of compensation if the developer has not met the date of project completion.

4: Check on the Hidden Costs

Purchasing the apartments is not the end of the process; maintaining the apartment is the last. People should always remember that all the other expenses are coming above the cost of their EMIs. 

So people should be aware of the other hidden costs imposed by permanent residents, such as maintenance charges, water charges, parking charges, electricity charges, membership charges, etc. and any other charges for using any amenities.

Conclusion

It's almost impossible to buy a new home in a city like Mumbai just because of the far-reaching prices of real estate. But as we all know, Mumbai is the dream city, and thousands of people from around the world come here to try their destiny; the essential thing anyone wants is a place to live or settle down and here comes the rising demand for investment opportunities for residential purposes.

"Kandivali east" is one of the best suburbs in many ways. Most importantly, the apartment charges or the investment amount are much more affordable than the rates in other places.

Don't miss the opportunity and invest in the projects in Kandivali, as it's among the best affordable places to live in Mumbai.