Things To Know About Luxury Homes In Mumbai
Imagine a bird’s eye view of the vast expanse of the city! Living in nature’s lap with breathtaking views of the majestic sea and ample greenery around. Luxury apartments in Mumbai are rather dreams for every individual, that while adding to the status symbol, involves all the comforts for an elegant lifestyle. Luxury homes not only involve generous living spaces, but also include an element of exclusiveness.
Being one of the favourite destinations for domestic investors as well as abroad, Mumbai has by far enjoyed a significant demand in the real estate sector. With improved economic activity and a growing desire among individuals to have an opulent lifestyle, coupled with lower interest rates and higher levels of disposable income, Mumbai has witnessed a significant spurt in demand for luxury apartments. However, ‘luxury’ is a term commonly abused by residential real estate developers for marketing pitches. While not every other residential project earns the ‘luxury’ tag, it becomes important for individual buyers to examine the dynamics of investment in the residential real estate. Considering luxury flats in Mumbai, where the objective is to earn significant capital appreciation or experience an elegant lifestyle, here are a few checkpoints that will help you understand the dynamics of true luxury homes.
One of the most basic and yet one of the most critical parameters - a central location with a posh neighbourhood enables a residential project to earn the luxury tag in India. Easy access to the city’s infrastructure, proximity to airports, business zones, social infrastructure as well as entertainment establishments are a few factors that can determine a prime location. A few prime residential localities in Mumbai: Andheri, Worli, Bandra, Powai, South Mumbai, Juhu etc.
If the project is over-crowded, it destroys the sole purpose of ambience, convenience, and exclusiveness and hence, it cannot be classified as a luxury home. While there’s no particular standard, essentially a one-acre residential project occupying 60 families or below is an ideal condition where an individual can experience a good lifestyle.
Projects designed meticulously with an attractive facade, wide open spaces and cutting-edge amenities add to the comfort level of the residents. Individuals looking to invest in luxury flats in Mumbai should identify residential projects that offer state-of-the-art facilities such as exclusive views, landscaped gardens, branded elevators with separate entries, uncompromising security, sufficient parking spaces, well-maintained gymnasium etc. Additionally, the project specifications should include ideal architecture with ideal living spaces within the residential units that offer the ultimate level of comfort.
Apart from the checkpoints that help you find a true luxury home, one should also consider the following tips before zeroing down to a particular housing project:
Always Plan for the future: Investments in real estate are long-term. So while deciding on which luxury home, always plan for your future needs and consider the infrastructure of the area, and go with a decision that best suits your needs.
Pay heed to the locality: As already discussed, the locality plays an essential role in deciding whether a residential project falls under the ‘Luxury’ segment. A good location with harmonious surroundings is a must.
Cross-Check Developers Credentials: It is extremely important to choose a reputed developer that can deliver the true experience of luxury homes. A credible developer will always keep promises on delivery, amenities, quality etc. while earning the trust of customers.
Review Proposed Project Layout Plans: The layout plans of the project offers an important insight into the proposed project and the size of a particular house. It is essential to review the proposed layout plans to get an understanding of the critical elements involved in a housing project before making a decision.
Quick Checklist Before the Deed: Once you’ve decided to invest in a particular residential project, there are a few things such as checking the title papers, confirming the construction approvals and Building Use Permission Approvals. Also, getting the total estimated cost of ownership, checking your loan papers etc. will help you in transferring the property to your name. Ensure you get this done before closing the deal.
Adani Western Heights, a property that has 3 & 4 BHK luxurious flats in Andheri West is where you open doors to a lifestyle beyond your imagination. With a posh neighbourhood and great connectivity, it offers state-of-the-art architecture with stunning lobbies and spectacular views of the city and the sea right from your luxury home. With ultra-modern facilities that include a well-maintained swimming pool, landscaped garden, indoor games, high-tech gym and spa, multi-purpose hall, and excellent security standards, you can live the life that you have always dreamed of. Visit Western Heights today, rejuvenate your life, elevate your status symbol and reach the pinnacle of opulent living.