Thane is one of the most preferred residential areas of Mumbai. It provides the best of both – the advantages of city life and the peace of suburban regions. However, before you invest in flats in Thane of your dreams, you have to take note of the below checklist.
Location and Connectivity
The first factor that needs to be considered is connectivity to business centers, educational institutions, healthcare facilities, and entertainment areas. Thane has fantastic connectivity via Eastern Express Highway, Ghodbunder Road, and upcoming metro railway routes. The distance from railway stations and transport points also plays a crucial role in commuting and reselling value.
Record of Performance and Reputation of the Developer
Research on the credibility of the developer is a necessity. His previous projects, delivery date, and after-sales consumer reviews should all be checked. Reputed projects likeNarang Privado are made to maintain quality standards with assurance of on-time delivery of the property along with complete documentation in place. The developer, who is RERA registered, should be checked regarding his experience in delivering projects on time.
Registration of Real Estate Projects under Real Estate Regulatory Act
Ensure that your project is registered with RERA, or Real Estate Regulatory Authority. Always check all your legal papers such as your title deed, approved construction plans, occupancy certificate, as well as no objection certificates.
Amenities and Infrastructure
Present-day home buyers look for much more than four walls. One has to assess the facilities provided in terms of clubhouse, gymnasium, swimming pool, play area, kids, as well as gardens. Look at the work done regarding water supply, power back-up, as well as parking space provided. Narang Privado is a perfect example of how modern residential communities blend life facilities in their planning.
Carpet area vs. Built-up area
Be clear about the difference between carpet area, built-up area, and super built-up area. It should be clear from the developer what they charge for. Carpet area is what is used, while built-up area also takes into account walls and balconies.
Budgeting and Hidden Charges
Apart from the initial cost, you should also account for other costs such as stamp duty, registration costs, GST, parking fees, and maintenance deposits. You should compute the affordability of the EMI repayments and keep aside a contingency for unforeseen expenses. You should also check prices of similar properties in the locality so that you get a fair deal.
Future Development Plans
Find out some upcoming projects in and around the area, like metro projects, highways, business complexes, and schools. Such projects enhance the value of your property greatly. Thane is a rapidly developing area, so it is an attractive destination for investment. Check the construction quality, finishing, and overall development work done at the site, water seepage, cracks, or damage. Also check sample flats in thane as well as under-construction flats.
Purchasing an apartment in Thane is much more than buying an aesthetically appealing dwelling—and it’s about securing and planning for the future. Whether it’s the location, connectivity, and developer’s reputation or the RERA approval and functional ability of the space, all these factors and more go into securing your peace of mind and investment. Having all the information and knowledge of what you will and won’t need in the future will go a long way in securing the perfect dwelling place for you in Thane, and all these factors coming together will make your flats in thane much more than an address.
