Mira Road and Bhayandar continue to attract buyers with improving connectivity and prices below many of Mumbai's western suburbs. A flat is likely the biggest purchase of your life, so check these points before you pay a booking amount.
Before you book
- Check MahaRERA registration. Every new project must be registered with MahaRERA. Search the project on the MahaRERA website and read the approved plans, completion date and any complaints.
- Deal with a registered agent. Your agent should have a MahaRERA agent registration number. Ours is A51700009782.
- Confirm carpet area. Builders must quote carpet area under RERA. Compare prices per square foot of carpet area, not super built-up area.
- Check approvals and title. Ask for the commencement certificate, approved building plan and title search report. Get a lawyer to verify the title.
- For ready flats, ask for the OC. The Occupancy Certificate confirms the building was completed as approved. Without it, getting water, electricity and a home loan can be difficult.
Money matters
- Know your full cost. Add stamp duty, registration, GST on under-construction flats, society charges, parking and maintenance deposits to the base price.
- Check your loan eligibility first. Get an in-principle sanction before booking so you know your budget. Use our EMI calculator to keep the EMI within 35–40% of take-home pay.
- Prefer projects approved by major banks. Bank approval means the bank has already checked the project's documents.
- Link payments to construction stages. For under-construction flats, pay as per the construction-linked plan in the registered agreement.
- Protect the loan. A term insurance policy equal to the loan amount ensures your family keeps the home if something happens to you.
ASLINDIA Property helps you buy, sell and rent residential and commercial property in Mira Road, Bhayandar and nearby areas, and arranges the home loan too. See our property services.
