Essentials of House Hunting

 The Shimmer Ocean Pearls second home project inMumbai is unmatched in its luxurious style of living and design. All thirteen bungalows offered in the new project are surrounded by nature, directly face the Arabian Sea and have ample space for car parking, evening strolls as well as gardening activities. The French designed windows and Italian flooring add a very western touch to the space, ideal for NRIs as well as the elite class of the country. It is a perfect blend of serenity and luxury on the Arabian shores.

But a home is also a house- a long-term investment. As much as it is a dream of many, it is also a huge decision and responsibility for a person and no one wants to get it wrong. For the younger generation, the process might prove to be confusing and scary; difficult to make the right choice and stick to it.

To make the transition easier, here are a few points one might want to consider before buying a house:

            ◦           Locality- it is of paramount importance that the house is located in a well-connected and hygienic area. There should be good infrastructural developments in the area- it defines the standard of living if an individual or a group. The proximity to school, office, hospital, convenience store, etc. should be as less as possible. Another part of locality would be the safety and security of the property and people who reside there.

            ◦           Long-term Investment- buying a house, a flat or any other property is a long term investment and not a routine decision. All factors should be considered with an open mind and the decision shouldn’t be rushed. The net cost, opportunity cost, annual expenses, development fee, installation and furnishings, taxes, etc. should be calculated and thoroughly examined against the benefits.

            ◦           Access to Amenities- basic facilities in and nearby the residential area is always a plus point and very convenient in the long term and in urgent situations.

            ◦           Affiliation with the Developers- One should always try and associates themselves with credible real estate agents and developers. This way, he or she will be abiding by the laws, will get quality offers and transparency in prices and terms and conditions. The developers should be RERA registered and following local rules and regulations. The reputation of a property and its developer(s) is much more important than one might assume. A lot of new home buyers are often deceived by fraudsters.

            ◦           Cost against benefits- the value of a place should be judged according to the home type, size, locality, etc. This also includes checking the subvention schemes, possession-linked plans, construction linked plan, flexi payment plan and time linked plan, standard-deferred payment plans, etc. depending on what the developers are offering.

As one of the top developers, Shimmer Ocean Pearls hasn’t compromised a bit on the needs of the grand project, keeping in mind the needs of the buyers. All aforementioned points have been duly covered and there is much more it has to offer to the potential home owners.

Head to their website for more information on their second home project near Mumbai.