Channel Partner or Direct From the Developer? How to Book a New Flat in Mumbai Safely
Quick answer: you can book a new home in Mumbai either directly with the developer or through a channel partner (a registered real estate agent working with the developer). In a new project the price should be the same either way, and the developer usually pays the agent’s commission. What matters most is that the […]
Floor Rise and PLC Charges Explained: How to Choose a Floor in a Bandra West High-Rise
Quick answer: floor rise is an extra charge for homes on higher floors, usually added per sq ft for each floor above a set level. PLC (preferential location charge) is a premium for a better position – for example a sea-facing side or a corner unit. Both are added to the base price, both raise […]
Godrej Bandra Bay Brochure: What It Will Show, What to Verify and How to Get It
Quick answer: as of 28 October 2026, we have not seen an official Godrej Bandra Bay brochure or price list released by the developer, and MahaRERA registration is awaited. Brochure PDFs on other websites are not verified and often disagree on price, towers and sizes. What is known so far: 4 BHK homes only, approx. […]
Documents Required to Buy a Flat in Mumbai: KYC Checklist for Residents, NRIs and Companies
Quick answer: to buy a flat in Mumbai you will usually need your PAN, Aadhaar or another photo ID, address proof, photographs and proof that the money comes from your own bank account. NRIs also need their passport (and OCI card), NRE/NRO account details and often a power of attorney. Companies, HUFs and trusts need […]
TDS on Property Purchase in 2026: 1% Rule, Form 141 and Buying From an NRI
Quick answer: when you buy a flat worth ₹50 lakh or more from a resident seller – including a developer – you must deduct 1% TDS from every payment and deposit it with the Income Tax Department. From 1 April 2026 this is done under section 393(1) of the Income-tax Act, 2025 (the old section […]
Home Insurance for a Luxury Flat in Mumbai: What Your Society Policy Does Not Cover
Quick answer: the society usually insures the building, but not what is inside your flat. For a luxury home, buy your own home insurance for interiors, furniture, appliances and – with an add-on – jewellery and art. The standard Bharat Griha Raksha policy, offered by insurers since April 2021, covers fire, flood, earthquake and other […]
Nominee vs Will: Who Gets Your Flat in a Mumbai Housing Society?
Quick answer: a nominee is not automatically the owner of your flat. Nomination in a housing society tells the society whom to deal with after a member’s death. Ownership passes by your will, or – if there is no will – by succession law to your legal heirs. The Supreme Court confirmed this principle in […]
Payment Plans for Under-Construction Flats in Mumbai: CLP, Down Payment and 10:90 Explained
Quick answer: most under-construction flats in Mumbai are sold on a construction-linked plan (CLP), where you pay in stages as the building rises. Some projects also offer a down payment plan (pay most of the price early, often for a discount) or a 10:90-style plan (small payment now, most at possession). Whatever the plan, RERA […]
Planning Interiors for a New Luxury Flat in Mumbai: Fit-Out Rules, Timeline and Checklist
Quick answer: for a new luxury flat in Mumbai, plan the interiors before possession and build after it. Get the final floor plan and services drawings, read the fit-out rules of the developer or society, never touch structural walls, columns or beams, protect the bathroom waterproofing, and choose materials that can handle sea air and […]
Housing Society Formation and Conveyance in Maharashtra: A Guide for New Flat Buyers
Quick answer: when you buy a flat in a new Mumbai building, you buy a home – but the building, land and common areas are owned together through a housing society. The developer must help form the society after most homes are booked, and later convey the title to it. If the developer does not, […]