How to sell a chawl unit in Mumbai?

Many people come to Mumbai every day in search of livelihood and make it their own city. They are from various income groups and not everyone can afford a bungalow or flat in the financial capital. The property prices in Mumabi generally remains high. So, those who are looking for affordable housing options go for the chawls. They are in existence since the British rule in India and have played an important role in providing shelter. Anyone can own a chawl in Mumbai no matter they are residing in the city or outside the city.

Check how to sell a property whose original property deed is lost

What is Mumbai chawl?

Chawls are grouped rooms built around a courtyard and have a long corridor. These are either single or double housing units. The bathroom is shared among the residents. These are mostly preferred by people with low income. These are legal colonies approved by the local municipal body.

If you have a chawl and looking to sell your unit, this guide is for you.

How to sell a chawl in Mumbai?

• Take stock of whether you have all the documents needed for selling a chawl. If not, work on it and get all the documents, as without these no one will be interested in buying your property.

Documents required to sell a chawl unit in Mumbai are given below.

1.   Mumbai chawl property title deed
2.   Property tax receipt
3.   No objection certificate (NOC)
4.   Occupancy certificate (OC)
5.   Encumbrance certificate
6.   Utility bills
7.   Agreement of sale
8.   City survey report

• Check the condition of your chawl and identify if any repair or renovation work needs to be carried out. Make it presentable and usable by the new owner.
• List the chawl on an online property platform for effective communication with prospective homebuyers. You can also take help from MahaRERA certified agent who will help you in selling the Mumbai chawl unit.
• Based on the location and area of the chawl, determine its price. This will be based on the ready reckoner rate in the area. You can also check the market value prevalent in the area to take an informed decision.
• Once you find an interested buyer, negotiate, and sell the property. Once the agreed amount is paid and the new owner pays the stamp duty and registration charges, transfer property documents to the new owner’s name.

Housing.com POV

Selling a chawl is like selling any other property. If you have proper documents, it’s an easy process. Note, if the chawl where you own a room is going for redevelopment, look for the pros and cons before selling it. You can wait and get a better price for the redeveloped property.

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