Things to be Considered While Buying an Under Construction Flat in Mumbai

Buying an under-construction flat in Mumbai can be an exciting yet daunting task. Mumbai's real estate market is bustling with opportunities, and choosing an under-construction flat can offer numerous benefits, including potential customization and lower costs. However, it's essential to be aware of the various factors to consider to make an informed decision. In this guide, we will explore the critical aspects to keep in mind when buying an under-construction flat in Mumbai.

Why to Buy an Under Construction Flat in Mumbai

Choosing an under-construction flat has several advantages. Firstly, you have the opportunity to customize the space according to your preferences. Unlike ready-to-move-in flats, you can often select finishes, fixtures, and sometimes even modify the layout to suit your needs.

Another significant benefit is the cost. Under-construction flats are typically priced lower than completed projects. This can result in substantial savings and offer better payment flexibility, as developers often provide various payment plans to attract buyers.

Moreover, investing in an under-construction property in Mumbai can lead to significant appreciation in value over time. The city's real estate market has shown consistent growth, making it a promising investment option.

Pros of Buying an Under Construction Flat in Mumbai

Modern Amenities

Under-construction projects often come with state-of-the-art amenities such as swimming pools, gyms, landscaped gardens, and advanced security systems. These amenities can significantly enhance your living experience.

Flexible Payment Options

Developers of under-construction projects usually offer flexible payment schemes. These can include construction-linked plans, possession-linked plans, or time-linked plans, making it easier to manage your finances.

Higher Returns on Investment

Investing early in an under-construction flat can yield higher returns. As the project nears completion, property values generally increase, providing a good return on investment for early buyers.

What to Consider Before Buying an Under-Construction Flat?

Location and Connectivity

The location of the property is crucial. Ensure that the flat is well-connected to essential services like schools, hospitals, and public transport. Proximity to workplaces and commercial hubs can also add value to your investment.

Property Registration

Importance of Property Registration

Registering your property is a legal requirement and provides legal recognition of ownership. It protects your rights as a property owner and helps avoid any future legal complications.

Steps Involved in Registering a Property

1. Verify Property Documents: Ensure all documents are in order.

2. Prepare the Sale Deed: Draft the sale deed with all details of the transaction.

3. Stamp Duty Payment: Pay the applicable stamp duty.

4. Registration: Submit the sale deed at the local sub-registrar office.

Legal Implications of Property Registration

Failure to register a property can lead to legal issues. It may be challenging to prove ownership, and you could face fines or penalties.

Check RERA Details

The Real Estate (Regulation and Development) Act, 2016 (RERA) is a regulation that aims to protect home buyers and boost investments in the real estate sector. It ensures transparency and accountability in real estate transactions. You can check the RERA registration details of a project on the respective state RERA website. This information includes the project's registration number, status, and details about the developer. RERA compliance ensures that the project meets specific standards and that the developer adheres to promised timelines and quality. It provides a safeguard for buyers against fraud and delays.

Property Builder Verification

Importance of Verifying the Builder’s Reputation

The credibility of the builder is crucial for the timely and quality completion of the project. A reputable builder is more likely to deliver as promised and adhere to regulations.

Methods to Verify the Builder's Credibility

1. Research: Look for information about the builder online.

2. Past Projects: Visit past projects to assess quality and timeliness.

3. Customer Reviews: Read reviews from previous buyers.

Checking Past Projects and Customer Reviews

Inspecting the builder’s past projects gives insights into their construction quality and reliability. Customer reviews provide firsthand accounts of their experiences with the builder.

Check the Budget

Consider all costs associated with the property, including the base price, additional charges for amenities, parking, and maintenance. Be aware of hidden costs that might arise. Watch out for hidden charges such as development fees, infrastructure charges, and preferential location charges. Clarify these with the builder before finalizing the deal. Explore various financing options and choose the one that best suits your financial situation. Compare home loan offers from different banks to get the best interest rate and terms.

Buyer-Seller Agreement

Importance of the Agreement

The buyer-seller agreement is a legal document that outlines the terms and conditions of the property sale. It protects the interests of both parties and ensures transparency.

Key Elements to Include in the Agreement

  • Property Details: Description of the property.
  • Payment Terms: Details of the payment schedule.
  • Possession Date: Expected completion and possession date.
  • Penalties: Clauses for delays or non-compliance.

Legal Review of the Agreement

Have a legal expert review the agreement to ensure that all terms are fair and legal. This can prevent future disputes and misunderstandings.

Construction Quality and Timeline

Visit the construction site to check the quality of materials and workmanship. Look for signs of poor construction, such as cracks or uneven surfaces. Ensure the builder provides a clear timeline for construction phases and the expected completion date. Regularly check the progress to ensure the project is on track. Verify the builder's track record for delivering projects on time. Delays can cause financial strain and inconvenience, so choose a builder known for punctuality.

Amenities and Facilities

Consider essential amenities like water supply, power backup, security, and parking. Additional facilities like a gym, clubhouse, and swimming pool can enhance your living experience. Compare the amenities offered by different projects in the same area. This helps you determine if the project provides good value for money. Check for future infrastructure developments in the area, such as new roads, metro lines, or commercial centers. These can increase the value of your property over time.

Resale Value

Several factors affect the resale value of a property, including location, amenities, construction quality, and future development plans. Research the historical price trends in the area and consult with real estate experts to gauge the potential resale value of the property. Investing in an under-construction flat can yield long-term benefits. As the area develops and the property appreciates, it can provide significant returns on your investment.

Customer Support and After-Sales Service

Good customer support from the builder is crucial for addressing any issues during and after the construction process. Evaluate the builder’s responsiveness and support services. Have a clear understanding of the process for handling disputes and grievances with the builder. This can include warranty claims, repair requests, and other issues.


Buying an under-construction flat in Mumbai can be a rewarding experience if done correctly. By considering factors such as location, legal aspects, builder reputation, budget, and construction quality, you can make an informed decision. Remember to verify all details, seek legal advice, and plan your finances carefully. With the right approach, your investment in an under-construction flat can provide significant returns and a comfortable living experience.

Contact Us

✓ Valid

Regional Address

Pirojshanagar, Vikhroli, Mumbai, Maharashtra 400079