WHY INVEST
Real Estate is one of the most reliable forms of investment, despite being affected by the COVID-19 pandemic, developers have seen growing interest from homeowners and significant sales during the lockdown. The government has made several provisions for the ease of homeowners, including encouraging development in urban areas, easier financing and concession on government charges.
WHY INVEST IN MUMBAI
The financial capital of India has seen consistent growth in the last few decades, making it one of the country’s favourite places to live. Mumbai is a global metropolis with the best of everything: history and innovation, natural and built environments, art and culture, and people and places. It is well connected with the rest of India and the world, with several developments underway to improve intra-city travel. In Mumbai, you find a unique mix of local and international.
WHY INVEST IN SURAJ
Suraj is a second general real estate construction company with a 35-year-old legacy. Since inception, we have committed to customer satisfaction, consistent delivery and conscious innovation. Over the years, we have transformed the skyline of Mumbai with landmark projects and a focus on responsible, inclusive development. We understand our customers and collaborate with the world’s best to bring you delightful living experiences. With Suraj, you can be sure.
BUYERS GUIDE
Buying a home is exciting but needs careful evaluation. Ask yourself: what city/locality am I interested in, who will live in this home, what is my budget, do I need to take a loan, when do I want the home ready, and so on. Your answers will help you narrow down your options.
Find out as much information about them as you can by looking at their work so far and doing some market research: see online reviews, customer testimonials, and speak to people in the city. Visit one of their existing properties and also any new sites you are interested in, and don’t hesitate to ask questions. It is safe to go with an established developer with a history of commitment to customers and delivering excellent projects.
Getting a home loan is the first step to buying your dream home. Consider the following aspects when evaluating financial institutions and offers:
- The Amount: What portion of your existing savings or investments will you put into buying a home? What amount do you need a home loan for?
- Rate of Interest: Is it fixed or floating?
- Loan Tenure: This will determine your monthly EMI for repayment. Before deciding, evaluate your current monthly household income and expenditure, future financial and life goals and expected earnings and expenditure in the years ahead. Also keep in mind other property expenses like maintenance and property tax.
- Processing and other Fees: These are charged by the financial institution to conduct property valuations and assess financial performance.
Most credible banks and financial institutions have a safe and trustworthy home loan process. Ask questions to clarify requirements and understand how they can help you.
Every financial institution has slightly different requirements which they will share upfront with you. These are some commonly requested documents:
- Proof of Identity, Age, Residence
- Proof of Income
- Title of the Property
- Photographs of yourself and co-owner (if any)
- Self attested copies of select documents
Going with an established developer with market credibility is a sure way to ensure transparency. Check if there are any legal disputes around the property or land: you might do this by seeing local news or even engaging an advocate who can guide you. Consider how you want to do up your home and the cost and time to do that.
NRI GUIDE
Non-Resident Indians (NRIs) holding an Indian passport and foreign citizens of Indian origin have been granted general permission to buy immovable property in India for their bonafide residential purposes. They may pay the purchase consideration either by remittance of funds from abroad through normal banking channels or their NRO/NRE/FCNR accounts.
