I’m a young Mumbaikar, living in a room owned by my father. I’m looking to buy my own place in Mumbai, but it’s way out of my budget. We’ve been thinking about buying a small property in a Mumbai slum. I have a few questions: 1. Is buying a slum property really a good idea for us? 2. If it is, what documents should we look for? 3. If not, what other options do we have? To give you a better picture, I earn around 12,000 rupees a month, and my father, while not employed, brings in about 6,000 rupees on average.

Apni Law
Apni Law
Law Forum › Category: Property › I’m a young Mumbaikar, living in a room owned by my father. I’m looking to buy my own place in Mumbai, but it’s way out of my budget. We’ve been thinking about buying a small property in a Mumbai slum. I have a few questions:

1. Is buying a slum property really a good idea for us?
2. If it is, what documents should we look for?
3. If not, what other options do we have?

To give you a better picture, I earn around 12,000 rupees a month, and my father, while not employed, brings in about 6,000 rupees on average.

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Apni Law Staff asked 1 year ago

I’m a young Mumbaikar, living in a room owned by my father. I’m looking to buy my own place in Mumbai, but it’s way out of my budget. We’ve been thinking about buying a small property in a Mumbai slum. I have a few questions:

1. Is buying a slum property really a good idea for us?
2. If it is, what documents should we look for?
3. If not, what other options do we have?

To give you a better picture, I earn around 12,000 rupees a month, and my father, while not employed, brings in about 6,000 rupees on average.

1 Answers
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Best Answer

Apni Law Staff answered 1 year ago

Buying a slum property in Mumbai can be risky due to legal complexities and potential eviction threats. It’s advisable to consult with a legal professional regarding ownership documents and potential challenges. Exploring other options like affordable housing schemes, co-operative housing societies, or rental agreements could be more secure and financially feasible.

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