Mumbai Edition: Look out for these new projects in Lower Parel and Parel area.

Lower Parel  is situated in the western line of the Mumbai railways, there are many companies in lower Parel and with time its become a corporate hub, every morning you will find many people traveling to work from the station to different places in lower Parel.

Finding an affordable place to stay near Lower Parel, Mumbai?

You can start searching for a 1BHK flat in Parel Mumbai. You will find many properties for sale no doubt that the cost for the properties in lower Parel is high because it is one of the most demanded places in Mumbai, however many new projects are offering affordable housing schemes and plans for buyers.

If you are searching for affordable places to stay try investing in new construction in Parel because you can get a got price if you book it before the project is completed. It's also important to check the property and land papers before investing try checking the RERA number for the property because the government nowadays gives a  RERA number for every new construction.

You must also check the quality of construction and the water logging areas near your property during the rains.

2Bhk flat in Parel is also available you can try searching the internet for new constructions from reputed builders or from builders who have a good name in the market for their reputation for completing the past project on time.

If you are looking to rent a home in Lower Parel try finding properties on sites which offer no brokers and give you the contact number of the owners here you can save some money. However, is you can afford a home or get a home loan its recommended to purchase your home because the deposit and rent in lower Parel are high, instead of paying the rent you can start paying the EMI and own your own home.

New projects in Parel also offer a non-EMI option till possession of the home because many buyers end up paying the EMI for their homes before the completion of the projects. Nowadays it becomes easy to buy a property because of many flexible payment options.

You can select from many properties before you buy your dream home try visiting the property 2 to 3 times to understand the condition of the roads and the surroundings it will also give you a clear picture of the problems faced by the residents in the area where you are planning to buy your property.

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