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Monsoon – a realty check!

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Monsoon has often been seen as a season to filter your search on real estate properties. With the lashing rains and water logging in areas, many might prefer to stay indoors and avoid site visits. But this is the ideal time for the prospective buyers to do reality check on the property they have intended to purchase.

Whether one is looking into a centrally located 3 BHK; 4 BHK or a 5 BHK flat in Worli, Dadar or Lower Parel, the monsoon provides insights into the property that must have been overlooked during the dry spell.

With the coronavirus outbreak and lockdown regulations restricting movement, buyers can now filter their search through online virtual tour and visit properties only after an informed decision is taken. With schools and colleges having online classes, the adults have found it easier to make those site visits and check on the property. Since these are times when one is expecting a slow pace among most buyers / investors, the payment schemes and various other incentives brought forward by the real estate developers can be utilised to the buyer’s advantage.

Another factor that cannot be ignored is the festive season around the corner, it is considered as an auspicious time to purchase or invest, the monsoon can be viewed as an ideal time for financial decisions on buying homes.

Here are some ways to zero in on the property of your choice:

Check on Construction Quality

With the monsoon, the quality in construction can be measured with respect to the seepage in ceiling or near washrooms, construction flaws like leakages, quality of plumbing and drainage systems and moisture on walls. While this might not have been possible in an under-construction project. The property value also depends on the construction and it’s access to the location of the property become important factors. Property owners should obtain information with regard to the project through the RERA and seek information on the thickness of walls, material used in construction etc. However, this is limited to the projects and buildings covered under the purview of the law.

Most consumers aspire to buy in complexes within the heart of the city for easy commute since their offices are around south Mumbai or in the traffic heavy Dadar and Lower Parel. To meet these requirements many residential projects like Vraj Tiara at Worli have been designed for their comfort. With CC Received up to 36 slabs and 26th completed (dated 13th June 2021) , the 3 BHK Show Flat Ready homes at Vraj Tiara, Worli, is designed for those aspiring a luxury home with amenities and centrally located to schools, offices and daily conveniences, in the leafy neighbourhood of Worli with arterial roads connecting within a minute’s drive.

Discounts your way

With home loans getting cheaper and payment schedule schemes offered for homes, one can negotiate the interest rate based on one’s credit score.

With the people preferring to invest in real estate during the festival season which begins in from August / September , real estate developers offer attractive schemes and discounts around monsoon to boost their sales for that quarter and is always a buyers advantage.

Checking on the locality of the property

While water logging and transportation are common issues in metropolis, the location of the project with respect to low lying areas that are prone to cause traffic jams become decision making factor among most fence sitters. A residential property’s locality and its accessibility by road / rail / metro and the time taken from the location to your daily travel in the monsoon should also be measured. The areas around the residential premise appear different during monsoons and within respect to the neighbourhood around. These are also an important factor that cannot be overlooked.

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