The Ultimate Checklist for Buying Property in Mumbai in 2025

Buying a home in Mumbai is one of the biggest financial and emotional decisions in life. After all, it gives you and your family a sense of security, stability, and long-term achievement.

In Mumbai, the demand for residential properties remains strong, with homebuyers focusing on connectivity, affordability, and future appreciation.

According to market data from early 2025, the real estate sector in Mumbai has seen a 5-7% increase in property prices, especially in well-connected areas. With new infrastructure projects like Metro Line expansions and coastal road developments, buying property in Mumbai has become a key investment choice.

However, with changing regulations and multiple factors to consider, having a checklist ensures a smooth and secure home-buying journey.

Checklist for Buying Property in Mumbai

1. Verify RERA Registration

The Real Estate (Regulation and Development) Act (RERA) protects home buyers from fraud and project delays. Every real estate project in Maharashtra must be registered under MahaRERA.

Tip: You can visit the MahaRERA website and enter the project’s registration number to verify its status, approvals, and delivery timeline. If you are buying a home in Mumbai in areas like Thane or Andheri, check if the builder has provided accurate project details and records under RERA.

2. Understand Stamp Duty, Registration, and Tax Benefits

Stamp duty and registration charges are essential costs when buying property in Mumbai. As of 2025:

• Stamp Duty: 6% for Mumbai city (can vary for women buyers or first-time buyers under government schemes).
• Registration Charges: ₹30,000 (for properties above ₹30 lakh).
• GST on Under-Construction Properties: 5% for premium homes, 1% for affordable housing (<₹45 lakh).

Tip: If you are taking a home loan, check for Section 80C (Income Tax benefits) on principal repayment and Section 24(b) for interest benefits. It enables you to save a lumpsum amount while buying a property in Mumbai for the first time.

3. Assess Builder’s Reputation and Legal Approvals

A builder with a strong track record ensures timely delivery and quality construction. Check:

• Previous projects and completion timelines.
• Customer reviews and complaints.
• Financial stability of the developer.

Also, verify:

• Land ownership documents.
• Environmental and municipal clearances.
• Occupancy Certificate (OC) for ready-to-move-in flats.

Tip: Buying property in Mumbai from a reputed builder reduces legal risks and ensures proper documentation. Ambit Realtors, for instance, has a proven track record of completing all projects in the given time period. We maintain complete transparency with our investors, home buyers, and suppliers.

4. Loan Eligibility and EMI Planning

Home loans are a preferred way to finance property purchases. Banks evaluate:

• Your income and credit score (700+ preferred).
• Down payment requirements (usually 20% of property value).
• Monthly EMI affordability (should not exceed 40% of net monthly income).

Tip: Use an online EMI calculator to check affordability before applying for a loan. It gives you an estimated amount that will be deducted over the tenure. Calculating EMI helps you take decisive steps while buying a property in Mumbai.

5. Connectivity, Infrastructure, and Location Analysis

The location of your home affects daily convenience and future appreciation. Ensure:

• Proximity to Metro stations, railways, and highways.
• Nearby schools, hospitals, and shopping centers.
• Future growth potential (e.g., Mumbai Trans Harbour Link, Metro expansions).

Tip: Buying a home in Mumbai near upcoming infrastructure projects leads to higher appreciation. Ambit Realtors specifically keep this point in mind before building a home. Because we understand the importance of seamless connectivity, especially in Mumbai.

6. Hidden Costs: Maintenance, Parking, and Society Charges

Apart from EMI, buyers must consider ongoing property expenses, such as:

• Society maintenance charges (₹3-10 per sq. ft. per month).
• Clubhouse and amenity charges.
• Parking costs (₹2-5 lakh for covered parking).

Tip: Always ask for a detailed cost breakdown before finalizing the purchase. While talking to the sales agent, openly enquire about the parking spaces, society annual charges, or extra overheads. It helps you plan your finances in the future.

7. Construction Quality and Amenities

If buying an under-construction property, conduct a physical site visit to check:

• Materials used for flooring, walls, and plumbing.
• Safety features like fire exits and earthquake-resistant structures.
• Amenities such as security, lifts, and recreational areas.

Tip: Ready-to-move-in properties eliminate construction risk and delays. However, numerous under-construction properties are coming up with modern amenities and infrastructures, strategically located as per your conveniences.

Although the process of buying a house can be overwhelming, it is fruitful and profitable in the long run. Follow this checklist to buy a property in Mumbai to make the overall house-buying experience more manageable.

Buying property in Mumbai is a long-term investment, and following a checklist ensures a secure and hassle-free process. From legal checks to financial planning, each step is crucial.

If you are looking for a premium residential project, Ambit Ever-Rich offers a well-planned living experience with modern amenities. It is an ideal option for those planning to buy their dream home in Mumbai.

Happy Buying!