India’s venture capital ecosystem appears to have a distinctive thesis – consumer, software-as-a-service (SaaS), and fintech – are thriving sectors. Climate-tech and AI, however, promising as they may seem, compel a more cautious approach – these are nascent sectors – a ‘whisper in the wind’ of the larger VC landscape – and call for a more substantive track record of startup success and investor exits.
To say that a home is an investment in happiness would be an understatement. Whether you are buying a home to start or settle your family, or simply making an investment from the perspective of long-term returns, a home holds immense value. The right home can also provide returns through rent and prove to be an additional source of income. Regardless of its purpose, a home can deliver happiness in more ways than one. But going about buying a home in Mumbai can be a daunting process, which is why we are here to simplify the process for you.
There are several factors that one needs to consider before making an investment as huge as buying a home in Mumbai. The factors listed below serve a good benchmark to consider before taking the plunge!
Long before the pandemic and even before the RERA reforms, there was a time when the real estate scenario was looked upon with a sense of apprehension and distrust. Quality came at a premium, trusted developers were few and far between, and projects could go on for years without an end in sight. The RERA reforms were instrumental in creating regulations that brought stratification and a sense of discipline in the industry. Buyers could now have the assurance and the legal binding to get a certain standard of quality and class from the developers they decided to put their trust in. Project timelines were being stringently followed, bringing momentum and much needed repute to the industry. Just when these regulatory reforms had become the norm and the property market was seen to be moving towards a promising future, the pandemic changed the game forever.
The year 2022-2023 started with quite a few interesting developments in the real estate scenario of Mumbai. As the crippling pandemic came to an end and business activity started picking up pace across all sectors, Mumbai’s real estate market too joined in the momentum and made its potential felt to developers as well as buyers.