The economic slowdown has deeply affected the real estate market. It is fair to state that the investor behaviour has changed drastically and with it, there is an urgent need for affordable housing projects. Developers now offer a range of facilities to investors. Be it payment flexibility or facilities in the project, developers have a lot for the buyers. In Mumbai, several locations enjoy high property rates and because of that certain suburb locations have gained popularity for their affordable prices. Vile Parle is one such location in Mumbai which is highly preferred for residential investment. This location is one of the most popular suburbs but has several budget-oriented projects too. Every property in Vile Parle is worth investing in because the area is known for its excellent schools, colleges, hospitals and restaurants. Having a property in Vile Parle can also fetch you a good return rate. Here are some rules you must keep in mind when investing in Vile Parle.
See which area in Vile Parle you are investing in
Just like other locations, even Vile Parle has several areas to choose from. Make sure you check the location you are investing in. Not all locations may suit your need. The location you select should be investment-worthy. Additionally, see to it that the area you invest in has accessible public transport facilities too.
Don’t just rely on the ads and hoardings
Before investing make sure to ask your developer about the actual house size. Builders claim a lot in advertisements and hence, it is necessary to enquire before investing. See to it that you check the property personally before making a decision. In many cases, builders only showcase the super built-up area!
Study the market before investing
Though the real estate market is tricky to understand, it is best to analyse the same before investing. Take the help of a professional if you are not well-versed with the market.
Invest in a property in Vile Parle and get the best returns on your investment.