Why do NRIs favour 2 BHK Flats in Mulund Mumbai

Mumbai offers a variety of places from which investors can select. Thane, Mulund, and other popular places are where NRIs want to invest.

The location is one of the deciding factors when it comes to buying a property. In Mumbai, it is extremely difficult to own a residential space thanks to skyrocketing prices. However, apart from the well-known locations, these days many other areas are preferred for residence. Initially, only a few locations in Mumbai were thought of as well-planned and liveable but nowadays many new areas have become self-sufficient with amazing facilities for eg . new projects in mulund west.

Mulund is one such area which has now become extremely popular for real estate investment. People earlier used to only focus on the apartment and would not care about the vicinity and the facilities offered by the builder. Well, nowadays buyers look at each and every factor before investing in a property. Especially, when it comes to a residential property, buyers now have several expectations.

2 BHK Flats in Mulund are much in demand because they work well for families and are easy to maintain too. Moreover, as compared to 3 bhk apartment in Mulund, 2 BHK Flats in Mulund are much affordable. Choose a 2 bhk flats in mulund west and you will surely have a home for life. Here is why investing in Mulund is a smart choice by all means.

Why are 2 BHK flats in Mulund Convenient and accessible ?

Mulund is one area which is accessible and convenient to reach from all locations. This particular area is well-connected to all the important locations in the city. Having a property in Mulund is ideal for people who are working. Transport facilities in Mulund are frequent and affordable. With good bus and train facilities, Mulund is an ideal place for investment

Property in Mulund have number of open spaces

Most open spaces in Mumbai are now covered with roads and other constructions. A very few places in this city have greenery left but Mulund has a good number of open spaces which are apt for children and senior citizens for recreation.

property in mulund have cosmopolitan crowd

This location has a cosmopolitan crowd which makes it residential-friendly. Mulund as an area is apt for your child’s upbringing also because it has good educational facilities. Moreover, this area also has dedicated hubs for sports and arts. Invest in a 2 bhk Flat in Mulund and secure your future.

Why to Invest in 2 BHK Flat in Mulund ?

The Mumbai Metropolitan Region (MMR), one of the main investment opportunities for the Non-Resident Indians (NRI) audience, has a constantly expanding social infrastructure, stable living circumstances, career advancement prospects, and ever-growing connectivity to important portions of the Maharashtra state.

Mulund , Mumbai Metropolitan Region (MMR) is becoming demographically rich and a hotspot for NRI investment. Whenever people search for best investment in India for NRI, MMR is the top result on every search engine.
Plus, this is the best time for property investment in Mulund, Mumbai as the city is poised to develop more in terms of a strategic location, upcoming social infrastructure, premier educational institutes, top-notch medical institutions, and leading retail destinations.

Despite the effects of the current pandemic, NRIs who are looking for living spaces with eco-friendly features and have chosen residential projects for their end-use have been a healthy demand in the MMR real estate market. This rising demand gravitates toward well-known real estate developers who are renowned for their high-quality construction and prompt delivery.

The real estate brands in Mumbai have understood that purchasing a home has evolved into an experience. Instead, they are attempting to provide smooth or hassle-free services to clients abroad by leveraging on this fact. There is increase in demand for 2 BHK Properties in Mulund Mumbai for NRIs

These are the motives driving NRIs to invest in Mulund, Mumbai, where they may expect to see a significant return on their capital in a city that is constantly teeming with people.

2 bhk flats in mulund west For NRI’s | Tips for NRIs planning to gift their property in India - Mulund , Mumbai

Tips for NRIs planning to gift their property in India

When diverged from Indian occupants, there are a couple of additional steps for a NRI while giving a property arranged in India.

Especially like anyone who has property in India, non-tenant Indians, also, are permitted to give their property to others. Like Indian occupants, they will be in danger to pay stamp commitment and enlistment charges to complete the customary arrangement, giving the property move authentic authenticity; as long as the property cost is over Rs 100, which it never-endingly is.

Regardless, there are a couple of additional steps for a NRI giving a property arranged in India.

What are the things NRIs need to manage while giving a property in India?

Under the continuous Indian guideline, prior support from the Save Bank of India (RBI) is supposed for a NRI to gift India property. In another choice, the High Court rehashed the principles in such way.

'Not entirely set in stone in that frame of mind (of the New Exchange Rule Act, 1973) is mandatory and, in this manner, (a) contract or (an) understanding, including the gift, connecting with the trading of undaunted property of an external public, without past expansive or special assent of the RBI, would be unenforceable in guideline,' the SC said in a choice in 2021.

'The previous approval of the RBI is obligatory and any following assent can't be yielded by the RBI. Trades managed without the RBI's approval are against public system and, in like manner, unlawful,' it added.

Stamp commitment on giving for a NRI

A couple of states license discounts in case the property is talented to a relative. This infers the stamp commitment and selection charges are either totally rejected or to some degree forced against providing for a non-relative.

Relatives in the really portrayed list are:

  • Father
  • Mother
  • Stepmother
  • Spouse
  • Siblings
  • Children
  • Child’s spouse
  • Stepsister and stepbrother
  • Stepchildren
  • Grandparents
  • Grandchildren
  • Grandchild’s spouse
  • Siblings’ spouse

Any leftover relatives are considered non-relatives as indicated by the legal definition.


What is stamp commitment on property giving?

Dependent upon the state where the property is found, you could have to pay 2% to 6% of the property assessment as stamp commitment on a property gift deed.

Do NRIs have to come to India to enroll gift deeds?

No. They can make an extraordinary lawful power and pick a person in India to do this task for their advantage.