How to maximise gains on under construction Airoli property?

1. How to maximise gains on under construction Airoli property? Are you planning to buy an under construction property in Airoli? Airoli is turning into one of the most sought after destinations for property investment in Navi Mumbai. It offers excellent connec- tivity to areas like Thane, Mulund and MMR and offers affordable property options. Since property rates in prime areas of Mumbai are skyrocketing, many investors or property buyers are flocking to Navi Mumbai for affordable options. Under construction property investment can be a good idea if you wish to own a home without burning a hole in your pocket. But if you are not careful, there are chances that you will end up wasting time and money on a not-so-good project. Here are a few tips to help you maximise gains on your investment in an under construction Airoli property: As a buyer, you will be bombarded with property buying schemes that are floating around in the market. This will make it difficult for you to choose one option that suits your budget and prefer- ences. Since every buyer wants to have the best in terms of property, there is a probability that you will also opt for a unit that is situated on the top floor or has an extra spacious bedroom or offers garden view. But do these factors really matter if you are wanting to make a good buy? It is im- portant to remember that hurrying into property investment is a big no no. You should never enter the real estate market without research and homework. There are various projects that will seem attractive to you but you need to consider if your investment in them will bring you good return in the future. It is recommended to negotiate with the developer on floor-rise and premium facing rates. These features don’t really cost the developer so if you are lucky, you can get some bargain there. In case the negotiation doesn’t work, you can come at least 4/5 floors lower and get to save a few lacs. It is best if you are restructuring your payment schedule and not agreeing to the standard one. Builders are mainly interested in sale and so if you ask for something that they can accommodate, then there are chances they will. You can save if you are paying the amount at a later date and in smaller batches. You can also avoid borrowing interest bearing loans such as from your relatives, parents or even the bank. Whether you are buying an under construction property or Airoli new construction projects, it is necessary to check all documents related to the project. For instance, there has to be a com- mencement certificate in place because banks don’t disburse loan if there is no commencement certificate. Along with the CC, there also needs to be a clear land title, environmental clearance and floor plan approval in place too. Also, it is important to choose a project by a reputed devel- oper when investing in a property.