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Mumbai, recognized as India's financial hub, offers a rich and varied real estate scene that encompasses both residential and commercial properties. Within the residential sector, one can find lavish luxury apartments providing breathtaking views of the Arabian Sea. Alongside these are efforts to provide affordable housing options aimed at supporting middle and lower-income families.

The city's rich history is reflected in its traditional chawls and colonial-era apartments, which peacefully coexist with modern gated communities and cooperative housing societies. On the commercial front, bustling central business districts like Nariman Point and Bandra-Kurla Complex host multinational corporations, while coworking spaces cater to the growing startup culture. Warehousing facilities, retail centers, and a thriving hospitality sector collectively contribute to Mumbai's diverse real estate landscape.

L&T Elixir Reserve
Powai
2, 3 & 4 BHK
Starting at 2.35 Cr*

Adani The Views
Ghatkopar
2 & 3 BHK
Starting at 1.50 Cr*

Hiranandani Highland
Powai
2 & 3 BHK
Starting at 2.33 Cr*

Runwal Bliss
Kajurmarg East
2, 3 & 4 BHK
Starting at 1.55 Cr*

Runwal Pinnacle
Mulund West
2 & 3 BHK
Starting at 1.81 Cr*

Lodha Evergreen
Vikhroli, Mumbai
2, 3 & 4 BHK
Starting at 1.85 Cr*

Lodha Amara
Thane, Mumbai
1, 2 & 3 BHK
Starting at 1.19 Cr*

Rustomjee LA VIE
Thane, Mumbai
2 & 3 BHK
Starting at 1.22 Cr*

Rustomjee Stella
Bandra, Mumbai
2 & 3 BHK
Starting at 2.61 Cr*

Adani Triumph
Kanjurmarg, Mumbai
1, 2 & 3 BHK
Starting at 1.70 Cr*

Runwal 25
Thane, Mumbai
1, 2 & 3 BHK
Starting at 86 Lac*

Kalpataru Paramount
Thane, Mumbai
2 BHK
Starting at 1.18 Cr*

Godrej Urban Park
Thane, Mumbai
2 & 3 BHK
Starting at 1.88 Cr*

Hiranandani Fortune City
Panvel, Mumbai
2, 3 & 4 BHK
Starting at 1.04 Cr*

Kanakia Silicon Valley
Powai, Mumbai
2 & 3 BHK
Starting at 2.19 Cr*

L & T Elixir Phase 2
Powai, Mumbai
2, 3 & 4 BHK
Starting at 3.06 Cr*
Client Testimonials (Overall Rating 4.8/5 24 Reviews)
FAQ

Ans - According to Section 17 of the Registration Act of 1908*, property registration is a simple procedure in which you officially become the property owner after completing all processes and submitting all paperwork. Defined, you have the legal right to use or dispose of the property. However, property registration is a process that must be completed before you can have access to your ideal house.

These steps include-

1. Verification of the title of the property

2. Estimation of the property value

3. Preparation of the stamp papers

4. Getting the sale deed ready

5. Payment of stamp duty & registration charges

Ans - Property taxes are paid to the local government or municipal corporation in the area where you live. It contains the owner's physical assets, such as his house, properties he leases out, and other residential commercial or residential properties he owns. To pay their property taxes online, go to their municipal corporation's website and visit the property tax portal.

*Capital value = Rate of base value^* Total carpet area/area of land in case of vacant land * building type * age factor * usage factor * floor factor.

(just check the numbers & calculations)

Ans - Some of the early formalities for acquiring a property include stamp duty and registration fees. Stamp duty is a tax charged on a single acquisition of real estate and must be physically impressed on the document in question to prove that the stamp duty has been paid.

Stamp duty rates vary by state, although they are typically 5-7% of the property's market value. Due to the outbreak, Mumbai's stamp duty was cut to 2% until March 2021, but has recently been raised to 5% beginning April 2021. It also depends on whether the property is commercial or residential, how many levels it has, and where it is located. It is due on deeds of sale, transfer, and power of attorney. It must be paid on or before the date of document execution. It can be paid by money order or DD within two months after the instrument's execution.

Ans - If you want to purchase a property, you need consider some financial variables that banks will consider before providing you a mortgage. They review your income and costs over the previous several years, as well as your credit card bills, and if you have a lot of unnecessary spending, it's time to reduce your expenses, since banks do analyse spending patterns. They will also look to see whether you have any debts, such as college loans, personal loans, or tax issues. They also place a high value on your credit score, so make sure it is in the 700 phase to get a fair offer on your house loan.

Ans - With RERA's new improvements, purchasing a home is now more transparent than ever. According to RERA standards, projects must declare their real carpet useable area in order to offer accurate information about the space in their flat. Buyers will now know how much room is allotted to them as well as how much area is allotted to balconies and verandahs. The 'carpet area' is defined by RERA as the 'net usable floor area of an apartment, excluding the area covered by external walls, areas under services shafts, exclusive balcony or verandah area and exclusive open terrace area, but including the area covered by the apartment's internal partition walls.

The formula is Carpet Area = Net Usable Floor Area + Internal Walls

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