Parameters to consider before buying a luxurious apartment in Mumbai


Mumbai, the city of dreams is one of the most desired and costliest locations in the world to buy a house. There has been an astounding rise of luxury apartments in Mumbai. The reason is that Mumbai is one of the biggest and top financial cities in India, it is home to Bollywood stars, banks, small business firms and many other professionals and it is the best place for IT companies. Today, with its ever-growing infrastructure, Mumbai tops the list of most desired location for buying a property, whether it is a luxurious property or just a simple flat for dwelling purposes.
Here are few parameters to consider before you invest in a luxurious apartment in Mumbai.

1. Location

Location is one of the most significant parameters to consider while buying a luxurious property in Mumbai or anywhere else. As a buyer, you should always look for a place that makes your daily commute easy. In Mumbai, locations such as South Bombay, Bandra, Thane and many more provide luxury homes with top class amenities and a great locality.

2. Density of the project

Density of the project is defined as the number of people residing in the project or the building. There is no specific formula as such to calculate the density of a project. But one can easily analyze the density with the help of area of land on which the project is developing. For instance, if a project is spread over one acre of land, then it can serve only 60 families in terms of luxury. If the project exceeds this criterion then it can no more be termed as a luxurious project.

3. Amenities

Amenities are one of the foremost things that people consider while buying a luxurious apartment. Basic amenities are provided by every real estate developer in Mumbai but, extravagant facilities are the facilities that make a project ‘luxurious’. Some of the facilities that contribute to luxurious living are as follows:

4. Parking

Usually, there is no special parameter to measure a parking efficiency of luxurious projects. But, the commonly followed standard regarding parking area of a luxury properties in Mumbai is that the number of car parks should be equivalent to the number of bedrooms in the apartment.

5. Living spaces and other rooms

To accomplish the criteria of luxury, an apartment should have larger living space with floor to ceiling height more than 12 feet. Along with that, the kitchen should also have larger space with modern interiors and bathrooms should be voluminous with pleasing interiors.

6. Security

The real estate developers who develop luxurious projects always make sure that their property and families residing inside the property are secure in all aspects. For the same, almost every luxurious property in Mumbai has a well-organized and well-placed security system.

As many real estate developers keep claiming their property as a luxurious one instead of it being a premium property. It is important to consider above mentioned parameters before buying a luxury home in Mumbai. 

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