Did you know, the luxury property market in India has the potential to grow to $180 billion by 2025? As per reports, post demonetization, the luxury market is witnessing an increase in investment from NRIs. Mumbai’s luxury property market has also witnessed tremendous growth in the last few months. Investors are flocking to areas like Andheri, Nariman Point, Juhu, Worli, Lower Parel and Bandra for investment in luxury homes, be it apartments or penthouses.Since luxury homes in Mumbai are super expensive, you cannot afford to make a wrong decision. Here are some of the tips that you should consider when investing in a luxury residential project in Mumbai:Make sure you have chosen a good location.

For instance, a penthouse in BKC or a plush flat in Andheri would be a great choice because these areas are well-connected with other parts of the city. Usually, developers construct premium properties in peripheral locations. Even if they provide high-end facilities, an unattractive location or lack of social infrastructure will remain a problem. So make a smart choice and give primacy to the location when hunting for a luxury home. Ensure that the location commands the kind of pricing the developer has asked for. The luxury property you choose should have high-end amenities. Don’t settle for anything less because you will be investing a lot of money. Some of the premium features that luxury properties must have are- top class security features, high-end kitchen and bathroom fittings and imported flooring. Third tip on the list for buying the best luxury home in Mumbai is to select the right developer. The developer should have sufficient experience in constructing luxury properties and a good track record for delivering homes within deadline. The best way to find a good developer is to ask for recommendations from your family and friends. Or else, you can also do some research on your own and shortlist few real estate companies having a project in the area you have chosen. Always choose a project by a reputed developer.

For instance, if you choose a project like Signia Isles by Sunteck, you can be assured that you will be getting everything that you have been promised. Once you have selected a developer, it is necessary to do the basic due diligence. You need to make sure that the developer has the land title and all the necessary documents to prove that the project is legal. You should check the space being offered to you in the luxury property. According to the experts, an apartment branded as luxury should have more than 3500 square feet floor space. Also, when a project is classified as luxury, it needs to have fewer dwelling units and more of open space.So whether you are buying a penthouse in BKC or a luxury flat in Andheri, it is very important to take the above-mentioned factors into consideration. These factors will help you save time as well as money:Suzhou Rongtai Purification Engineering Co., Ltd. product

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