Things Every Luxury Apartment Buyer in Mumbai Should Be Aware of

The demand for luxury properties is on the rise with increasing income and spending power. Many homebuyers who earlier opted for mid-segment apartments are now more interested in buying luxury flats in Dahisar East. Moreover, millennials want to live a luxurious lifestyle as they cannot afford it. Be it luxury apartments or affordable apartments, certain important factors must be considered before investing in them.

Let us discuss them below:


Luxury projects in Dahisar may have the best construction, amenities, and interiors. However, location still is the most important aspect of buying a home. The location should be the right mix of connectivity, accessibility, and work-life balance. Since you’re opting for a luxury apartment, make sure that the location is in the hub of the city so that living there would be convenient and comfortable.

2. Pricing

Luxury apartments will cost more than mid-segment and affordable apartments. However, it is still important to do proper research. Find out the pricing for similar luxury projects in the same locality. This will help in getting an idea of the prevailing prices of luxury apartments in the city. 3 BHK apartments in Dahisar may have different pricing in different projects.

3. Builder reputation

Luxury projects is exclusive and all real estate builders don’t meet expectations. It is important to choose a builder of repute. The builder should have experience in developing and delivering luxury projects on time. It is important to do thorough research about the builder before investing in the luxury apartments. Also look into previous projects by the same builder which will give you an idea about the construction quality delivery time, and after-sales service for the builder.

4. Due diligence

Conduct a thorough due diligence of all the property-related papers. The titles of the land on which the project is being developed should be clear. There should be no pending legalities on the land. The builder should have all the requisite permissions required to develop luxury projects. The builder should comply with the regulations laid out by the government. The project should be listed on RERA with all the details, matching those mentioned in the brochure provided to you. Check for all the certificates like the Conveyance certificate and Occupational certificate before taking the possession of the luxury property.

5. Amenities and facilities

Since this is going to be a luxury property it must have some special amenities for the extra price you pay. Check if all the amenities and facilities meet the promises made by the builder. Basic facilities like security and safety should be given the topmost priority, the building should have proper security with CCTV surveillance. There should be emergency services in case of fires and earthquakes, and make sure that the systems are in working condition and are ready to be used any time.

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