How Monsoon can help you in renting, buying

There is something alluring about the monsoon season which appeases almost everyone. However, when it comes to Mumbai’s real estate, monsoons have a reverse effect to the existing houses, as here torrential rains put a stop to the daily activities of the city residents. Still, interestingly, this season may prove to be beneficial for the buyers, in certain ways. Know how -

Bargain for lower rates

For many developers, it is a lean season in terms of sales. Incessant rains stop buyers from making a purchase. “People wait till festivals to initiate any property transaction, which leads to piling up of residential inventory. Thus, developers facing liquidity crunch, come up with monsoons discounts as a part of their marketing campaign to attract buyers,” says Gaurav Arora, a local real estate consultant.

Expert also say that, majority of developers are ready to offer property at lower rates to serious buyers. It is the same for tenants looking for rented accommodations. “In Mumbai, one can easily negotiate by 10-25 per cent on the sale or rental values during the monsoon season,” says Arora.

You can settle for a big house

Since many developers are ready to negotiate on the property price, this can be an opportunity to buy a larger space. Arora says, “The property prices in Mumbai are very high, and buying a property is a big deal for a middle-class man.”

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MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.

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