Airoli New Construction Projects- Tips on Investment

1. Airoli New Construction Projects- Tips on Investment Buying a house in Mumbai can be a major investment because it is one of the most expensive real estate markets in the world. So if you are buying a new construction home in this city, then you need to be very careful. You will have to enter the market with sufficient research and homework, if you want to make the most of your investment. There are several locations in Mumbai where you can look for affordable as well as luxury homes; however, due to skyrocketing property rates, many investors are flocking to areas in Navi Mumbai such as Airoli. It is one of the most developed localities in Navi Mumbai and has a lot to offer in terms of infrastructure and property options. Here are a few reasons why investment in Airoli’s property market is a good idea: • It offers good connectivity to areas like Mulund and Thane. You can even reach MMR region eas- ily from Airoli. Thane and Vashi are connected to Airoli from the Thane-Belapur highway. The Eastern Expressway runs through Airoli, connecting it to different areas in MMR such as Ka- mothe, Karanjade and Ulwe. • Compared to other prime areas of Mumbai, Airoli offers affordable real estate options. Also, the property market in Airoli offers good returns. It fits the bills as an attractive investment destination if you are looking for good returns in a medium tenure. • There are several housing projects in Airoli. Several reputed real estate companies have launched their projects in this part of Navi Mumbai, so as an investor, you will have several Airoli property options to choose from. • It is also in close proximity to various commercial centres like MIDC Tech Park, IT SEZ Rajeha Mindspace and Patni Knowledge Park. For people working in these commercial centres, Airoli is the preferred choice when looking for a residential property. If you have planned on investing in one of the Airoli new construction projects, then there are sev- eral tips that can be of help to you: • It helps to find a good agent who has sufficient experience with new constructions. Just make sure that the agent isn’t connected to the builder of your choice. This is because if the agent is connected to the builder, he will only keep the builder’s interest in mind and get his commission. So if you don’t want to get duped, then choose a reputed agent. • It helps to negotiate with the builder. You should know how to communicate with the builder, con- vincing him to bring down the rate to some extent. • Make sure you are reading all property-related documents properly before signing the deal. Don’t sign on the paper unless all details of the negotiation have been agreed upon. It is best to get everything in a written contract and get it signed by all concerned parties before any decision is taken. • Get the property inspected and also find out what is covered because most new homes come with a warranty from the builder.