Advantages & Disadvantages of Owning an Apartment in Mumbai
Who wouldn’t want to purchase a Mumbai apartment? Nonetheless, most people frequently hesitate to make a home purchase. The majority of the time, people are faced with the choice of renting an apartment or buying a 1 BHK Flats in Mumbai.
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The issue is that making this choice shouldn’t be so challenging. Instead, it would be simple to decide whether you should buy 2 BHK Apartments in Mumbai if you simply weigh the benefits and drawbacks of doing so. The benefits and drawbacks of purchasing a Mumbai apartment are discussed in the section that follows. If you are unsure about this issue, we suggest that you look into the following elements.
Future Investment
Even if you don’t require a home right now, you can always use the purchase of 3 BHK Flats in Mumbai as an investment. In this situation, you can rent the house to generate a stable income. But, if you are already renting an apartment in Mumbai, then investing in a house there might be the best choice for you. By owning the apartment, you are assuring a larger return on your investment over time because property prices are always rising.
Saving Rent amount
One of the costliest cities to live in is Mumbai. As a result, the apartment rents are significantly more expensive than in other cities. You must spend thousands of rupees each month just to maintain a roof over your head. You should purchase a flat in Mumbai rather than paying all this money on rent. In addition to saving you money on rent right away, buying property in Mumbai will help you build wealth over time.
socially assured
Owning property in Mumbai is no laughing matter. That would boost your self-confidence if you were able to purchase a home there. Purchasing a two-bedroom apartment in Mumbai is a sign of success in society. It represents your achievement in life. Hence, if you decide to invest in a 2 BHK apartment in Mumbai, it would undoubtedly greatly raise your social standing.
Maintenance Charges
Having to pay regular maintenance fees is one of the drawbacks of purchasing a 3 BHK apartment in Mumbai. Also, every several years the maintenance fees rise. Therefore, you must take this into account as an additional and ongoing charge.
Setup of Permanent Furnishings
You may design, develop, and modify your home’s structure to suit your needs, which is one of the biggest benefits of buying a house in Mumbai. When it comes to apartments, you cannot do that. The majority of units come furnished permanently. You must therefore design your home accordingly.
It’s time for you to decide now that you are aware of the advantages & disadvantages of buying a property in Mumbai. Consider your options carefully before deciding whether you want to continue renting an apartment or take the risk of purchasing one.
Top 5 Township Projects in mumbai
SUNDER CORPORATION
Borivali
Status Possession by Dec 2022
Possession 2022
About SHREE MADHUVANDHAM
Mumbai’s Sunder Shree Madhuvan Dham is located in Borivali (West). A housing development by Sunder Corporation is called Andheri-Dahisar. The project offers apartments with the ideal fusion of modern technology and architecture for cosy living. Sunder Corporation’s residential project is called Sunder Shree Madhuvandham. It features nicely constructed residential apartments with 1 and 2 bedrooms. All necessary amenities are present in the project to meet the demands of the residents.
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RUSHABH REAL ESTATE DEVELOPERS PRIVATE LIMITED
Goregaon
Status Possession by Nov 2023
Possession 2023
About MEERAS EMPIRE AND MEERAS CROWN
One of the well-known ongoing development projects in Goregaon (West), Meeras Empire by Aaress Realty, Rushabh Real Estate, and Mavji Es offers affordable apartments. The project was introduced in May 2011 as one of Mumbai’s Andheri-most Dahisar’s reasonably priced addresses. In May 2023, Meeras Empire Goregaon (West) is expected to be in possession. Meeras Empire offers incredibly economical yet gorgeous living with practically all essential utilities in place. This project may be worthwhile in the long run for those looking for financial options.
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S D CORPORATION PRIVATE LIMITED
Kandivali
Status Possession by Dec 2026
Possession 2026
About Building No 3 Wing C Aquila
Looking for an apartment in Mumbai’s Kandivali East? Aquila is home to the SD Corporation’s project, SD Building No. 3 Wing C. The project has three bedrooms. It’s located on 0.88 Acres. A residential project is now under construction at SD Building No. 3 Wing C Aquila.
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MARATHON REALTY PVT LTD
Mulund
Status Possession by Dec 2023
Possession 2023
About MARATHON MONTE CARLO-2
Marathon Monte Carlo, a property that Marathon Realty is currently building in the outskirts of Central Mumbai, offers luxury with a perfect balance of exclusivity and elegance. Designer apartments will be located at this forthcoming address, ensuring the owners’ comfort and wellbeing. To ensure comfort and convenience for its occupants, Marathon Monte Carlo’s floor designs and layouts have been specially created. It assures residents of a stress-free existence where everyone’s independence and privacy are intertwined.
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Ashford Infotech Private Limited
Bhandup
Status Possession by Dec 2022
Possession 2022
About Ashford Royale Tower D
In the outskirts of Central Mumbai, Ashford Royale by Ashford is a development project that offers luxury with a perfect balance of exclusivity and elegance. Designer apartments will be located at this forthcoming address, ensuring the owners’ comfort and wellbeing. Ashford Royale’s floor designs and layouts are specially create to assure comfort and convenience for its residents. It assures residents of a stress-free existence where everyone’s independence and privacy are intertwined.
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Also check new projects in bhandup
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