{"id":1125,"date":"2016-07-01T12:36:56","date_gmt":"2016-07-01T12:36:56","guid":{"rendered":"http:\/\/www.remi.edu.in\/blog\/?p=1125"},"modified":"2019-06-27T10:02:57","modified_gmt":"2019-06-27T10:02:57","slug":"small-home-in-main-mumbai-or-a-big-one-close-to-the-rim","status":"publish","type":"post","link":"https:\/\/uat.remiol.com\/blog\/small-home-in-main-mumbai-or-a-big-one-close-to-the-rim\/","title":{"rendered":"Small home in main Mumbai or a big one close to the rim?"},"content":{"rendered":"<p>&nbsp;<\/p>\n<blockquote>\n<p style=\"text-align: center;\">Make your choice!!<\/p>\n<p style=\"text-align: center;\">Small home in main Mumbai or a big one close to the rim?<\/p>\n<\/blockquote>\n<p>Buying a home is one of the largest investment decisions a person makes in their lifetime. For the first time buyers, in expensive metropolitan regions such as Mumbai are recommended to do a thorough study of the market prior to beginning the purchase process. The study of the market would include aspects like the available properties, understanding the financing options available and the growth potential of different areas etc.<\/p>\n<p>When reviewing newer areas and developments, assessing the buyer\u2019s individual needs and requirements is essential. It is also important to understand the potential for an increase in the property valuation over time.<\/p>\n<p>For first-home buyers, properties located near the periphery offer additional space and improved amenities (by virtue of newer developments\/construction) for the same price as compared to their counterparts located in South Bombay. However, moving towards the peripheral rim involves a number of key factors that should be considered prior to making the purchase decision:<\/p>\n<ul>\n<li><span style=\"color: #000000;\">The individual buyer\u2019s <span style=\"color: #3a72ab;\"><strong>family size\/requirement<\/strong><\/span><\/span><\/li>\n<li><span style=\"color: #000000;\">The area\u2019s <span style=\"color: #3a72ab;\"><strong>connectivity<\/strong><\/span> via road\/rail<\/span><\/li>\n<li><span style=\"color: #000000;\">Ensure basic <span style=\"color: #3a72ab;\"><strong>amenities<\/strong><\/span> (running water, 24\/7 electricity) are in place<\/span><\/li>\n<li><span style=\"color: #000000;\">Ensure that there is <span style=\"color: #3a72ab;\"><strong>close proximity<\/strong><\/span> to important commercial areas<\/span><\/li>\n<li><span style=\"color: #000000;\">Ensure that the area has an adequate number of reputed <strong><span style=\"color: #3a72ab;\">educational institutes and hospitals<\/span><\/strong><\/span><\/li>\n<li><span style=\"color: #000000;\"><strong><span style=\"color: #3a72ab;\">Easy accessibility<\/span><\/strong> to key recreational centers and entertainment hubs (grocery stores, malls, cinemas)<\/span><\/li>\n<li><span style=\"color: #000000;\">It is recommended to make property <span style=\"color: #3a72ab;\"><strong>purchases from known builders<\/strong><\/span> with a good track record of project completion and a good market reputation<\/span><\/li>\n<li><span style=\"color: #000000;\">Buyers should check to make sure that the <span style=\"color: #3a72ab;\"><strong>builder has taken all the necessary approvals<\/strong><\/span> from the municipal bodies, authorities and that the building has been constructed in line with the stipulated FSI requirements. Buyers should also ensure that the occupancy certificate has been received from the builder\/developer\/seller.<\/span><\/li>\n<\/ul>\n<p>While it is natural to get taken in by fringe attractions such as swimming pools, golf courses, gyms, a clubhouse, among others, it is important to first ensure that the basics are in place. Fringe benefits also tend to inflate the price of properties and increase the monthly outgoing charges of properties.<\/p>\n<p><strong>About REMI:<\/strong><\/p>\n<p>The Real Estate Management Institute- REMI is a leading institute that provides certification programs, executive courses and customized training workshops specially designed for the Real Estate Industry. REMI offers an international curriculum that trains students and professionals in global best practices through its collaboration with IREM\u00ae, USA.<\/p>\n<p>For more details visit <a href=\"https:\/\/www.remi.edu.in\">https:\/\/www.remi.edu.in<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Make your choice!! Small home in main Mumbai or a big one close to the rim? Buying a home is one of the largest investment decisions a person makes in their lifetime. For the first time buyers, in expensive [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uat.remiol.com\/blog\/wp-json\/wp\/v2\/posts\/1125"}],"collection":[{"href":"https:\/\/uat.remiol.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uat.remiol.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uat.remiol.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/uat.remiol.com\/blog\/wp-json\/wp\/v2\/comments?post=1125"}],"version-history":[{"count":1,"href":"https:\/\/uat.remiol.com\/blog\/wp-json\/wp\/v2\/posts\/1125\/revisions"}],"predecessor-version":[{"id":2043,"href":"https:\/\/uat.remiol.com\/blog\/wp-json\/wp\/v2\/posts\/1125\/revisions\/2043"}],"wp:attachment":[{"href":"https:\/\/uat.remiol.com\/blog\/wp-json\/wp\/v2\/media?parent=1125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uat.remiol.com\/blog\/wp-json\/wp\/v2\/categories?post=1125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uat.remiol.com\/blog\/wp-json\/wp\/v2\/tags?post=1125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}