Navi Mumbai is a well-planned city that’s been attracting investors and residents alike in recent years. It’s less crowded than Mumbai, boasts of an excellent social infrastructure and fast connectivity to both Western and Central Railway. And the under-construction Navi Mumbai International Airport reinforces investors’ predictions of a surge in financial returns, encouraging them to invest in a property for sale in Navi Mumbai.
Looking for a property for sale in Navi Mumbai? Read on to know how to safeguard the prospects of high returns—be it a residential or commercial property.
Property Type
Depending on whether you’re looking for a residential or commercial property for sale in Navi Mumbai, the investment variables change. Commercial property is prone to higher returns and risks, so you need to compute your plans accordingly. As for a residential property, expect the opposite. Both the returns and risks would be lower—ideal for those looking to make long-term property investments to safeguard future stability.
Contact a Local Real Estate Agent
Property investments are prone to risks, so hire a local real estate agent to dodge bullets of potential losses. They will boost your understanding of the real estate market, find the best deals and help you work out the pros & cons of different properties. Even if you decide not to move ahead with the investment, you’ll still be better informed than before to make future property investments in Navi Mumbai.
Do Your Own Research
Be persistent in all criteria of your research—property value, personal finances and social infrastructure. Know exactly why you’re investing in a particular property. It’ll help you frame your needs and expectations, better calculate future returns and find the ideal property.
Look for Properties that Fit Your Checklist
Combine your research with the advice of a local real estate agent, and you’d have a checklist to buy the ideal property for sale in Navi Mumbai. Make sure that you stick to that checklist, and if a property doesn’t tick all the boxes, it’s best to move on. Do this, and you’d better achieve your long-term investment targets.
Analyze Property Costs
Whichever properties you have shortlisted, carry out a cost analysis on them. Take into account the debt payments, one-time fees, operating costs, maintenance, etc. This analysis, combined with calculations of future returns, will help you identify the property that’s best for your finances—both short-term and long-term.
Check Property Documents
It’s important that you get the property documents examined by a lawyer before signing any deed. A thorough examination of the documents detects legal holes in the deal if any. Once the deal appears safe and profitable after you get the documents checked, you can rid yourself of reservations and invest in good spirits.
Negotiate and Close the Deal
Once you reach the final phase of the deal, make sure you discuss everything (and negotiate wherever necessary). Refer to your research on the prices, market trends, guarantees and infrastructure, negotiate if the deal isn’t the best you can get. It will help sustain more profits—both short-term and long-term.
NG Grand Plaza, Ghansoli, Navi Mumbai is a 38-storey residential cum commercial proposed project that redefines elegance and grandeur. Being in the centre of a developed locality, it hosts the most sought-after luxury apartments in Navi Mumbai. The project is all about providing its residents with a premium experience of comfort, convenience, and a lifetime of luxury.
