When you’re done canvassing most of the 3 BHK flats for sale in Thane and ready to commit to long-term investment, it doesn’t have to feel like the first step towards the unexpected. With solid research, you can go about the process of buying a new home with a sense of security to look forward to an improved standard of living and future returns.
All-round research is a must while investing in 3 BHK flats for sale in Thane in the current real estate market. Although residential properties carry low risks compared to commercial properties, work is required to choose the property that promises the best returns on investment. To ensure that, you must evaluate the following key factors before signing the final deed.
Personal Income
This previous year taught us the importance of having a constant flow of spendable cash. Sure, the current scenario is an improvement, but when you’re out looking for 3 BHK flats for sale in Thane, it’s just as important to secure a stable cash flow for the coming 7-10 months. If all things check out as you planned, and you’d have adequate cash flow after making the initial investment, your family will have financial security ahead.
Property Rates
Prevailing market prices play a huge part in a homebuyer’s final decision. Knowledge of properties similar to the one in which you’re planning to invest helps you make an informed decision—and save money, too. Compare the prices before initiating any official payment. Acquaint yourself thoroughly with concepts like circle rate, stamp duty, and area calculations (super built-up, carpet area).
Location
When you’re picking a location for residential investment, consider ongoing, future-approved and even potential developmental projects in the area. As you know, these projects play a major part in determining property returns. So, it’s best to get in touch with the concerned public entities to dig up such details.
Developer
The surge in property demands in Thane compelled developers to establish their territories. Due to this aggressive expansion, the count of 3 BHK flats for sale in Thane is far from low. And that’s why you must run a background check to establish the developer’s credibility.
Loan Conditions
Run the numbers of your home loan multiple times, ensure that they’re convenient not just on paper but in reality too. Don’t take any unfavourable financial leaps, avoid large debts. Invest only when the loan conditions are manageable in the longer run.
RERA Certification
RERA (Real Estate Regulatory Authority) was established as per the Real Estate (Regulation and Development) Act, 2016, to protect homebuyers’ interests. It aims to facilitate transparency, security and fairness at the time of investment. So, make sure that the property you’re buying is RERA registered; if yes, then you can quickly validate property details via the official RERA website.
Visit the House Itself
The aesthetics and quality of the house play a huge role in boosting the financial returns of the property. So, look for 3 BHK flats for sale in Thane that have pleasing layouts and modern architectural features. Find them, invest and get higher rents and long-term returns.
NG Royal Park offers your desired 2 & 3 BHK flats in Kanjurmarg East, Thane, with ultra-modern amenities. It’s a haven that adds peace, comfort and luxury to your day-to-day life. With the state-of-the-art 2 & 3 BHK flats, you’ll get access to a super clubhouse that includes well-maintained amenities like a swimming pool, multipurpose party hall, indoor games, yoga centre, etc. It enjoys fast connectivity to all prime locations in the city of Kanjurmarg. Live your day-to-day life in the city with unmatched ease, only at NG ROYAL PARK, Kanjurmarg East, Thane.
