Real Estate

Things to Keep in Mind Before Buying a Flat in Thane

With its IT parks, excellent connectivity to major parts of Mumbai, malls, restaurants, and hospitals, Thane is no longer Mumbai’s poor old cousin. It has transformed into a beautiful locality with modern amenities, parks, schools, and more. Buying a property in Thane is one of the best things you can do right now. However, before you start searching for a house, here are some things to keep in mind: 

  • Credibility of the realtor or developer:

Buying a house is a significant milestone in life. Your house is your abode, a generational asset, a place to make memories, and a space you can be the most comfortable. Try to pick a reliable realtor or developer to enjoy a smooth purchase process, especially if you are looking for a bigger house, like 2 BHK flats in Thane or 2 BHK flats in Mumbai. You can research the realtor’s reputation and standards by going through their website.

If they have other projects with 2 BHK flats in Thane, you can visit the properties and see if you can talk to the residents there to get a better idea of the performance, durability, functionality, and luxuriousness of the property. It is alright to be picky and take your time choosing a realtor, as long as you pick the right one in the end. 

  • Locality of the residential complex:

The locality of the flat matters a lot; hence; inspect the property before finalising the purchase. If you have children, check the nearest schools around the property. Check the different routes and the commuting time from the property to the school and accordingly make a decision.

In addition, you can consider the time spent to and from your office when seeking 2 BHK flats in Thane. Mumbai and Thane are infamous for their traffic situation, so picking a house that is in close proximity to your office can help you save crucial time every day.

You can also check the traffic situation around the properties while looking at 2 BHK flats in Thane. Further, you can check the nearby markets, restaurants, parks, and, most importantly, hospitals. Picking a house that is close to all of these can be helpful. 

  • Price of the property in Thane

The price can help you fix a budget and apply for a loan accordingly. Start with deciding the size of the property. 2 BHK flats in Mumbai and Thane can be ideal for couples, single individuals, as well as small families. There are several fantastic luxury apartments in Thane that can offer you new-age amenities, spacious rooms, security, style, and more.

However, before applying for a loan to buy one of these, compare different properties. Look for hidden fees or extra maintenance charges (if any), and calculate the overall costs of owning the flat after adding the Goods and Services Tax (GST), stamp duty, and registration charges.

  • Market research:

Market research can help you improve your search for 2 BHK flats in Mumbai. Researching the market, talking to experts like real estate agents, and discussing with friends and family is always advisable. Check the interest rates on home loans and property prices to get an idea of the general buyer sentiment. A lot of people have purchased property in Thane and other part of Mumbai during the initial lockdowns in 2020 and 2021 because of the low-interest rates. See how the real estate market is faring and if it feasible enough to invest in a property now. 

To sum it up

Surrounded by the Parsik and Yeoor hills and beautiful lakes like Talao Pali, Thane is undoubtedly a beautiful locality tucked right next to Mumbai. It can be a great place for parents to raise children, for couples to grow old, and for professionals to embark on career journeys.

However, buying a property in Thane is a substantial undertaking as it can take years for you to save for the down payment and settle the loan. This is why some careful planning beforehand is highly recommended.

Narek Harpo
the authorNarek Harpo