Frequently Asked Questions

Mumbai is India’s financial capital with high ROI, strong rental demand, and continuous infrastructure development (Metro, Trans Harbour Link). Property values in prime areas consistently appreciate, making it a secure and profitable investment.

In Mumbai, under-construction properties attract 5% GST on the total property value (excluding stamp duty and registration). However, ready-to-move properties have no GST, but you will need to pay stamp duty (6%) and registration charges (1%).

Essential documents include:

Sale Agreement & Sale Deed

RERA Registration Certificate (for under-construction projects)

Title Deed & Encumbrance Certificate

Approved Building Plan

Occupancy Certificate (for ready-to-move properties)

Society NOC (if applicable)

To ensure a reliable builder:

Check RERA registration (www.maharera.mahaonline.gov.in)

Verify past projects and delivery records

Read online reviews and buyer feedback

Ensure clear land title and legal approvals

Visit the project site and confirm work progress

1. Shortlist properties based on budget & location.

2. Verify legal documents & builder credentials.

3. Pay token amount to book the property.

4. Get a home loan (if needed) & sign the sale agreement.

5. Register the property and pay stamp duty & registration charges.

6. Take possession and move in!

Residential properties offer stability, long-term appreciation, and rental income opportunities. With Mumbai’s growing infrastructure and premium housing demand, owning a home here is a great investment.

Commercial properties yield higher rental returns (6-10%) compared to residential properties. With Mumbai being a major business hub, investing in offices and retail spaces ensures steady income and capital appreciation.

Carpet Area – Actual usable space inside the flat (excluding walls).

Built-up Area – Carpet area + walls + balcony (~10-15% more than carpet area).

Super Built-up Area – Built-up area + proportionate share of common spaces like lifts, corridors, etc.

Luxury Living – South Mumbai (Worli, Malabar Hill, Lower Parel)

Affordable & Mid-Segment – Kandivali, Mira Road, Mulund

Investment Hotspots – Dadar, Andheri, BKC, Powai, Navi Mumbai

Banks offer home loans covering up to 80% of the property value (Loan-to-Value ratio). Your credit score, income, and property documents determine eligibility. Major banks offer home loans at 8-9% interest rates in Mumbai.

If you have more questions, feel free to contact Alcazar Estates for expert real estate guidance.