5 Factors Affecting Property valuation in Mumbai

Impotent Factors that affect Property Valuation

Are you planning to invest in Puranik City Neral Mumbai? Though property investment gives a good return over the time, still as a buyer you should know the fair value of the property i.e. Puranik City Neral residential apartment that you are interested to buy.

Puranik City Neral

Before jumping on to the factors that affect the property valuation, let’s know a little about Puranik’s New Launch Apartment.

Puranik City Neral is one of the premier designs by Puranik corporation that has caught the wave in the well-known location of Mumbai city, Neral. Enclosed with beautifully manicured landscaped gardens the property provides unhindered views of the area around. With all luxuries and amenities, connectivity, and outlandish construction, Puranik City Neral stands-out as an astonishing contribution in Mumbai from the Puranik Corporation.

Puranik City Neral | Residential Apartment

Now, heed down to the factors that affect the prices of properties in Mumbai

If the Location of the property is set in market area or commercial area holds healthy appreciation value than those in the residential areas. It is common that the properties or buildings in approved colonies or well-developed areas are quoted at a higher price by the brokers than their counterparts in the upcoming or under-developed areas. Similar is the case with the buildings constructed on freehold land and leasehold lands, where former enjoys higher valuation than the later.

Home buyers are attracted to the properties that offer up-to-the-minute amenities. Therefore, the properties with good infrastructure and modern amenities attract greater appreciation value. Thus, the availability of facilities and necessities combined with comfortable housing comes in bigger price tags than the properties that fail to provide good comfort and have poor infrastructure.

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Development of infrastructure has a positive influence on positive prices. Properties that are in the vicinity to proper roads, airports, flyovers, bus terminals, malls etc see price escalation than those in need of better infrastructure. Availability of good infrastructure makes the property price to shoot up.
The better connectivity, the better property valuation because good connectivity attracts both the investors as well as the buyers. Properties that have a good catchment of educational, hospital, entertainment and employment centers along with the day to day requirements are sure to be valued at a higher price. The areas having a paucity of land parcel witness higher property valuation. On the other hand, the area where ample land is available for the real estate or residential construction shows a slower raise in property valuation.

Valuation of property is directly proportionate to the availability of disposable income on the hands of the buyer. Properties situated close to business areas or IT hubs tend to attract higher price from the buyers than the one located close in the areas of agricultural land or manufacturing unit’s area.
Not the least, the demand and supply of the property in an area also influence the prices. The population change in the area is the key factor to affect the demand and supply of the property in that area. When the availability or the supply of the real estate goes down the value of the property goes up.

Apart from all these, affordability, property customization, building structure and many more factors are there that influence the property valuation. Thus it can be rightly said that a careful investigation is needed to make your investment more lucrative and give good returns. As Puranic City Neral interests you, conduct these analysis to get the fair valuation of your investment.


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