Malad is a thriving real estate location for buyers and sellers alike. There are a number of upcoming residential projects in Malad because of the increase in demand for luxurious flats and houses. If you are interested in buying a 3 BHK flat in Malad, you should know these important points and consider doing them before making a decision.
Location and amenities
Do thorough research on the location of the property you are planning to buy. Make a visit to the premises personally, check the locality and be assured of the safety. If you have family members with diverse needs, find out if the social amenities like schools, colleges, hospitals, shopping complexes are nearby. Do not forget to calculate the distance between your 3 BHK flat, workplace and the connectivity to rail unless you have found flats near Malad station.
Once you are done with the research on location, you should look for the trustworthy builders providing 3 BHK flats in Malad. It is very common to hear about the scams and fraud builders in Malad, Mumbai. There are several occasions when the buyer has suffered losses without any reason. Therefore, it is necessary to check the credibility of the builders, their projects, past record of delivery of projects and their financial status to gauge whether they are stable enough to finish the project or not. Also, find more information about the promoters, their background to ascertain credibility.
RERA is the latest reform initiative in real estate sector. It will play a huge role to help the buyers by exposing fraudulent builders and projects. While dealing with the builders, ask for the RERA compliance and the other documents to know if it is registered. There is now more transparency and accountability on builder’s part and there are guidelines and standards covering all aspects of the property. Under RERA, all the upcoming residential projects in Malad has to be registered thereby making it easy for you to buy any new properties in Malad without fear of cheating or fraud. Therefore, be advised to buy properties which are RERA registered only.
The flat area is another issue which has caused great distress to the buyers in the past. There have always been disagreements regarding the price based on the super area and the carpet area. Under the RERA act, the definitions and the guidelines regarding the area of the flat are addressed. Do match the area of your 3 BHK flat promised in the document and the actual area of your property to avoid confrontations later.
Many of the buyers complain about the lack of amenities present in the flat or how it is totally different from what they were promised after buying the flat. Since it is a big investment of huge sums of money to buy 3 BHK flat in Malad, you should be well aware of the amenities provided in these 3 BHK flats. Look for the amenities like power backup, water supply, lifts, ventilation and balconies inside the flat. Also, check whether the outside facilities like parking space, gym, playing area, swimming pool and adequate security are provided or not.
Get to know about your 3 BHK flats and have in-depth information regarding each of the points mentioned above. You can find the best 3 BHK flats in Malad at Magic Abode. The platform provides the map option to find amenities near the properties, all the RERA registered builders and projects and a detailed list of 3 BHK flats. We help customers find the best deals in properties since 1985.