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.