Prevailing Property Rates in Mumbai
Take a look at the current property rates in Mumbai.
Rates mentioned here are in Rs. per sq.ft.
Prevailing Property Rates in South Mumbai:
Mumbai Property Rates in Western Suburbs
The rates indicated are just approximate and depending on market condition the rates may vary.
Source: Knight Frank Ref: Hindustan Times.
Do you think a common man can afford to own an apartment in such areas these days? Why not? Banks and so many financial institutions are there to help us with Housing Loans in Mumbai on long term basis. As Income Tax exemption on housing loan is applicable, youth generation of this 21st century are investing their money wisely in real estate property.
We should think twice before taking housing loans. Plenty of options are there. It is essential to do a survey of the place where you want to invest. After finalization of the place, work out your budget. Then make a list of financial institutions and nationalized and private and corporate banks, Insurance companies, who offer housing loan. Keep in mind the interest part of it. Decide whether fixed loan or floating loan is beneficial.
Last, but not the least work out carefully your current income, anticipated progress of income over a period of 10 years or so, and assess you re-payment capacity. Do not forget that the builder you have chosen is not a fraud and a reputed one.
There are many people in Mumbai suburbs, who invested their hard earned money with builders, and lost their money due to various problems. Either the work -in progress was very slow and came to a halt one fine morning. Or the ownership of the land on which the building was built went on litigation and construction stopped midway, etc.