Tips for Investing in Airoli New Construction Projects

1. Tips for Investing in Airoli New Construction Projects There are some buyers who prefer to buy a unit in a new construction project compared to a used house. If you are also one of those buyers, then here are a few useful tips to help you make a good investment: It is recommended to hire your own agent when you start looking for a new construction project. Also, don’t automatically use the lender suggested by the builder. Most real estate developers pre- fer their own lender but their lender might not offer you the best deal. It is better if you are consid- ering alternate sources for finding a lender. You can ask your credit union or bank for loan at at- tractive rate and terms. However, how much you get will depend largely on your banking history with the bank or finance institution. It is better to shop around when looking for a lender. Always choose a mortgage broker or banker whom you can trust and with whom you are comfortable in doing business. Whether you are investing in an Airoli new construction project or a project in some other location, it is recommended to seek legal advice when buying a brand new home. You should talk to a real estate lawyer before you sign the purchase contract. Standard purchase agreements don’t contain language protecting the buyer, so it is better if a legal expert is going through the documents first. It is very important that as a buyer, you understand your commitments and liabilities. Reputation of the builder matters a lot. Don’t end up buying a unit just because it is easy on your pocket. Always research on the builder’s reputation before making a final choice. The builder should be in business for a good number of years, having projects completed and delivered suc- cessfully. The best way of assessing a builder’s reputation is to read reviews in online forums. There are several online forums in which customers post reviews about builders. You can read what people have to say about the quality of construction and timely delivery of properties to form an opinion about a particular real estate company. According to the property experts, it is recommended to hire a home inspector when buying a new construction Airoli property. You should hire an accredited expert for performing the inspection. Get a real property inspector and not your contractor friend for this purpose. Why invest in Airoli? Many investors are flocking to Airoli and other areas of Navi Mumbai because the property rates in prime areas of Mumbai are skyrocketing. Airoli happens to be one of the hidden gems in Navi Mumbai that is turning into one of the most sought-after destinations for property investment. This location offers good connectivity to Thane and Mulund. You can easily reach parts of MMR. It is well connected to Thane and Vashi through the Thane-Belapur highway. Airoli offers a good mix of properties. From affordable to luxury, you will get various options to choose from.