Mumbai, the city never sleeps, is not only the largest city of India but is also its financial capital. This busy city with loads of opportunities is leading by example to the rest of the world. Innovation and creativity have always been an easy cup of tea here. This creativity has been shown by the people of Mumbai in various fields and one among them is real estate. Yes, this blog here takes you through Mumbai's real estate market and the innovative ways implemented by the builders in Mumbai.
If you are a resident of Mumbai and are worried about the downward trend of real estate throughout the country, don’t be. The reason –unlike any other metropolitan city, builders in Mumbai focus on innovating new ways to earn the respect and trust of the investors.
Mumbai’s real estate market is very famous for its price stability despite the downward trend elsewhere. Go through this blog to know how Mumbai stands unique from the rest of the country in the field of real estate and why it’s popularly known as the hotspot of real estate investment.
The moment you think of investing your hard-earned money in real estate you start looking for the market trend. To your surprise, you might see that the country’s real estate has taken a nosedive. This might make you think twice before making an investment. But if you are looking to invest in Mumbai be assured that builders in Mumbai are some of the finest and they have taken utmost care to ensure the safety and satisfaction of your investment.
You might be wondering what makes them unique and what are the innovative ideas they implement, to ensure your investment’s safety. Go through the below-mentioned points and see for yourself the ideas implemented by the builders in Mumbai to rekindle your interest in investing.
- Affordable pricing:
Market surveys reveal that the middle-class people looking to make a real estate investment usually look for affordable housing. Premium builders are focused on providing luxurious homes. But further surveys revealed that the middle-class constituted 80% of the total population of India. This is where the builders in Mumbai came forward with a solution. Most of the builders in Mumbai including premium builders focused on providing affordable homes to people. With that, they were able to witness a rise in the demand for real estate. Some of the finest builders in Mumbai including the Chandak group has taken up this initiative thereby assuring investors a safe and affordable investment.
- Stringent regulations:
One important aspect that may have pulled you back from investing is the increasing number of real estate scams. The government of Mumbai comes to your rescue with stringent rules, regulations, and compliance for the builders in Mumbai with RERA and Maha RERA. This brings down the number of fraudulent builders thereby assuring you a safe investment market. This has very much helped in the rise of real estate investments.
- Sale of completed projects
Are you worried about the builder’s failure to hand over the project on the promised time? Is this pulling you back from making an investment? Well, the builders in Mumbai changed their selling style a little. Instead of selling homes during the launch of the project, they now focus on selling completed projects. By going in for ready to occupy or nearing completion projects you may end up paying more but can still be stress-free about the handover. Chandak Group is one such builders in Mumbai who has an impeccable track record of timely handovers.
- Unique loans:
Banks are doing their part to boost real estate sales. They are providing up to 90% amount as loan along with the tax benefits associated with it. There are several new schemes also promising lower interest rates, no extra charges on part payment and even insurance options among others.
- Buy now pay later scheme:
With the bulging inventory, the builders in Mumbai want to get the sales rate up. Hence the introduction of buy now pay later scheme. With this scheme, you will be allowed to buy homes with just a small amount as down payment and start EMI’s after a year or two. You need to check with your respective bank for the exact moratorium period.
This was initially allowed only for under-construction homes but now made available even for ready to move in homes with the sole aim of boosting the sales. This initiative has definitely helped real estate sales in Mumbai.
These unique ideas implemented by the builders in Mumbai have made Mumbai the hotspot of the real estate market.
WHY CHANDAK GROUP?
Chandak Group, one of the most prominent builders in Mumbai, is well known for its outstanding quality and delivery on time. Their mission Promises made. Promises Kept says it all. Very adaptive and customer-friendly, they have implemented all the unique ideas to give you nothing less than pure joy and content. Invest with Chandak Group for a safe and assured future.
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