One of the major factors influencing a real estate project is its location. The location directly impacts the quality of life you and your family will experience. It also determines the budget you will need to buy the house. The location is also an aspect that cannot be changed easily. Once the property is bought the location cannot be changed for life or at least for a substantial period.
One must factor in many important considerations before choosing the location of their property.
Let us look at these, one by one.
Connectivity and Access
In Mumbai commuting to work is a major concern. The quality of work and career is directly affected by the commute time. A longer commute every day may add to the stress as getting to the work location on time cannot be compromised. The distance of your home from your work should be such that you can commute comfortably every day.
Real estate builders in Mumbai make sure the home location is close to everyday necessities like grocery and essential stores, banks, hospitals, restaurants, community centers, and places of worship. Undoubtedly, the location should be as close as possible to schools and colleges ensuring your ward’s convenience and safety.
Lifestyle
Are you a city slicker or do you enjoy the rustic lifestyle? These personal choices will determine the location of your home. It is not difficult to choose a location based on your lifestyle choices as there are locations in Mumbai that are at the center of all the action as well as those that are cut away from the hustle and bustle of the city. Over longer periods your surroundings will determine your happiness and comfort. New projects in Mumbai usually emerge in well-developed areas.
Safe Neighbourhood
It is a no-brainer that a locality that has a low crime rate and a decently educated population is where you should be living. General interaction with the people in the locality and some observations are enough to determine if the location is safe and the neighborhood is welcoming.
Ultimately, home is everyone’s sanctum sanctorum. There could be instances of budget constraints forcing you to choose cheaper locations, however, safety and security should never be compromised.
Future development
It is commonly seen that real estate development triggers infrastructure development of a location and a micro market. After the project is developed the location tends to have better roads, schools, hospitals, commercial centers, and social amenities. As the locality sees more development its value tends to increase. The prices soar with better connectivity and infrastructure.
A smart home buyer always chooses locations that have good potential for future development. This will also enhance its resale value and become a high-worth asset. For instance, flats in Kandivali East are known to give good returns on investment.
If these important considerations are kept in mind while searching for your home, you can rest assured of the long-term well-being and comfort of your family.