People are finding properties in Mumbai for sale very expensive and completely unaffordable as a result people are looking at ways where they can save and ask from bargains from property builders. Many people are now as a result shying away to invest from ready to occupy India property Mumbai. People looking to invest in properties in Mumbai have noticed that builders are much more willing to negotiate on property rates in under construction projects. In ready to move or resale properties no one is willing to negotiate. Whether people are looking to buy a property in Powai or a property in Goregaon East nowhere people are not able to find affordable properties.
However real estate experts caution people from buying under-construction properties in Mumbai like property in Powai or a property in Goregaon East. Builders of India property Mumbai are cash crunched and therefore most of them are defaulting on property possession timelines. Some projects have been delayed by 7 to 10 years. So although buying an under-construction or newly launched properties in Mumbai for sale might be cheaper but they may come with a lot of headache and trouble.
Uncertainty and false promises can mar your home buying experience. It is not just the small builders who are defaulting on possession dates but well-known builders are also giving their buyers a tough time. Worst affected are those who have to pay both EMI as well as rent simultaneously. But one must remember that buying properties in Mumbai like property in Powai or a property in Goregaon East is not a joke as these are extremely expensive. With builders not willing to negotiate on ready to occupy properties the consumers have no option other than investing in an under-construction India property Mumbai.
Even when builders have a huge pile of unsold inventories of properties in Mumbai for sale yet they are unwilling to negotiate or give discounts to the buyers. Builders of properties in Mumbai for sale are ready to give offers on under-constructed property to not on ready to move in properties. As a result people are buying under-construction properties in Mumbai like property in Powai or a property in Goregaon East. Although things might improve will real estate bill getting passed as the builder of India property Mumbai will become more accountable, still one should prefer to invest in ready to occupy flats in Mumbai to enjoy hassle free experience.