New Residential Projects in Mumbai – Three Things that Make Them luxury

Property in Mumbai, is one of the most highly priced and equally coveted property in the country. You can get the highest rate of interest on property in Mumbai. Be it a 1 BHK apartment or a luxury flat, you can’t get prices, rents or returns like this anywhere else in the country

Luxury residential projects in Mumbai are big market and builders and realtors are making the best of it. When a property gets the tag of a luxury property, you can get a higher price for it. But not all the projects tagged as luxury are actually luxury projects. Buyers need to be really vigilante and informed when they decide to buy luxury flats in Mumbai.  

Here are five things that you should look for when you buy luxury flats in Mumbai.

1.       Amenities: This is something that is hard to come by, especially when it comes to projects in Mumbai. There is so little space left in the city, that a project that provides you with amenities is difficult to find. New residential projects in Mumbai, that are tagged as luxury must provide buyers with amenities like a full sized swimming pool, a gym and covered parking for all residents. Additionally, you can also expect amenities like private elevators, automobile elevators, round the clock security, a butler service, and even a private restaurant and clubhouse.

2.       Space: Since finding space is such a struggle, especially in a city like Mumbai, luxury flats here need to give you that, especially for the price they come at.  Luxury flats in Mumbai, should make better use of space than normal flats. They need a more open floor plan and should allow residents option of customizing everything in their home. One can expect to find balconies, indoor private pools in the flat, private elevators, separate service rooms for the help, walk-in closets and extra storage and so on.

3.       Location: Location is also of key importance, especially when it comes to luxury projects in Mumbai. So areas in the city are already tagged and seen as the high end areas when it comes to real estate. New residential projects in Mumbai, in these areas, that come with the relevant amenities and facilities can be rightfully tagged as luxury flats in Mumbai. Areas like Cuffe Parade, Malabar Hill, Napean Sea Road, areas in Bandra, Khar and Juhu are all high end areas, where you can expect to find luxury flats in Mumbai.

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