What to look for when you’re buying luxury apartments in Khar Mumbai

Everywhere you look; there are upcoming residential projects in Mumbai. There is no lack of new constructions all around the city. Khar West is an area that affords both the town feel and the ease of being in the suburbs. It is an ideal locality to live in as it has the best schools, health facilities and even entertainment facilities in the city. This is perhaps the best time for someone to be looking for a new flats in Khar West, because there are quite a few new projects here.

Residential projects in Khar West are known for being the best in the city. They are much more affordable than property in the town part of Mumbai or SOBO as it is called and builders here also promise you that you will be getting a luxury property here. But a buyer shouldn’t always believe what he is told. Just because a property is in a good locality, it does not make it a luxury property.

Here are five things that will assure you that the property you’re investing in is indeed a luxury property.

1.  Prime neighbourhood: A prime neighbourhood with good amenities like good schools, hospitals and entertainment facilities is a must for a luxury project. Residential projects in Khar West, have all that going for them, but there are other factors to take into account as well.

2.  Builder: There are certain builders in the city who are known for luxury projects. Some of the best builders in the city have upcoming projects in Khar West, so finding a good builder in this area is not a challenge.

3.  Ambiance: Many builders today pass of a property with multiple wings or buildings, as luxury. But luxury and exclusivity sort of go hand and hand. A standalone structure with a lot of space for parks, ample parking and amenities like a gym, spa, swimming pool and clubhouse can qualify as a luxury project.

4.  Top notch security: In today’s times no amount of security is really enough. But a luxury project needs to have a good security team with round the clock guards, CCTV surveillance and emergency services handy.

5.  Build quality: Since a luxury project should be built with the best building material available. All the raw material used for the building should be tested. Even the tiles, counters, lifts and fittings provided by the builder should be from the top brands in the business.

7 things to check off while searching for Luxury Residential Property in Mumbai

Luxury residential projects in Mumbai are very much in demand right now. Everyone wants a piece of the luxurious life and hence all new projects are tagged as luxury projects in Mumbai. But just like all that glitters is not gold, all they says luxury is not indeed luxury. A luxury residential property is exclusive in everything, from building material to the fittings in the flats. In truth, only half the projects that a tagged luxury are actually worthy of that term.

Juhu is a suburb in Mumbai and is one of the most sought after localities in the city. Its proximity to the sea and a number of new projects in Juhu can be credited for that. Flats in Juhu can start at around 1.5 to 2 Cr.  Juhu property rates are high but the properties in this area are really worth the price.  

If you’re looking for property in Juhu then you have a lot to choose from due to the number of luxury residential projects coming up in the area. But before you invest you need to check whether the property is actually a luxury property. Here’s the check list you need to tick off.

1.  Automation: Technology and automation are the first thing people look for in a luxury apartment. Home automation is a big part of luxury living. Energy-efficiency, smart lighting and sound, climate-control and smart toilets, smart surveillance are all the things that need to be in luxury residential projects in Mumbai.

2.  Build quality: When you purchase a luxury flat you pay a hefty price. You need to ensure that you get what you pay for. The quality of everything from raw materials, like cement, bricks and the iron need to be quality checked. The lift, fittings and amenities given to you along with your flats need to be of the top brands too.

3.  Best amenities: A park, a pool and a gym aren’t the only things that people look for in luxury apartments. Spas, movie theaters, shopping centers and clubhouses are some of the things that define luxury.

4.  Entertainment within premises: Luxury means having everything you need all at your fingertips. Entertainment facilities like movie theaters and gaming zones and even good restaurants are a must-have for a luxury property.

5.  Health and meditation: A simple gym does not spell luxury. A fitness center with a spa, sauna, a jogging track, trainers and meditation centers are a must-have.

6.  Privacy: Personal butlers, chefs and even elevators are something a luxury property must have.

7.  Personal space: Space is key to luxury. Luxury flats need to have walk in closets, decks and enough space for you to be yourself.

Why this is the right time to buy Property in Juhu

Juhu is one of most sought after residential areas in Mumbai. Property in Juhu is precious as gold. You can find the top Bollywood stars living in bungalows here. This area has got it all, with beaches, to plush residences, to the best amenities, like schools and hospitals and even entertainment facilities like restaurants, nightclubs and movie theatres and spas.

Juhu property rates are always high, but if you have the sources then buying a property here will only get you good returns. There a number of new projects in Juhu for those who are looking to invest.  Some of the best residential projects in Mumbai are in Juhu, all with a sea facing view.

If you’re on the lookout for new property then this is perhaps the best time to buy. We say this because, the new rules and regulations that are coming into force are attracting more investors and in the near future. The Real Estate (Regulation and Development) Act, 2016 (RERA), intends to protect the interests of new home buyers and enhance transparency in the real estate sector. The Government of India enacted the Real Estate (Regulation and Development) Act, 2016 on the 26^th March 2016 and all its provisions came into effect from 1^st May 2017. The Maharashtra Real Estate Regulatory Authority (MahaRERA) came into existence on May 1, 2017. Builders and real estate agents had been given a 90-day window, to register their new and ongoing projects, with the real estate authority, which ended on July 31, 2017. The RERA will give the Indian real estate industry its first regulator. The most positive aspect of this Act is that it provides a unified legal regime for the purchase of flats; apartments, etc., and seeks to standardise the practice across the country.

Currently there is a great mix of new residential projects in Mumbai and commercial projects which are in the development phase. There are lots of new projects in Juhu as well and these are going to witness good profits in the coming years.

With so many things working in the favor of home buyers, it is a paradise for investors to buy property in Mumbai and especially in Juhu, because it offers a high ROI (Returns on Investment) for both the investors and the buyers as well. So what are you waiting for, go check out all the amazing properties in Juhu and take your pick.