Pune – the cultural capital of Maharashtra! The city is often called the gem of India due to the favorability it provides for every Industry. The city manages to keep its charm with its precision and perfection. Pune is a place that offers exceptional quality of life with a progressive environment but at the same time you get to experience that ease you would seldom find in a fast-moving city.
Pune is witnessing rapid all-rounder growth that somehow manages to attract a great amount crowd not only from India but overseas too! Due to the settlement of big MNCs & ITs, the city also shows promising employment opportunities. Consequently, the city is expanding its dimensions and suburbs are also in the race and competing with the mainline in every term. The suburbs are now in more demand for industrial set up and simultaneously as the employment opportunities. Pune is an oasis of opportunities. Owning a property in Pune is on everyone’s Investment Bucket List!
Here are some tips to consider while buying a property in Pune –
Purpose of property buying-
Property purchase is an important transaction and must be made with care. Understanding the sole purpose of buying a property should be the initial step. Are you buying a house to settle down, or are you buying to rent it out for a while and then probably resell? All property buyers have to consider these factors, which play a major role in decision making and shaping our future outcomes.
Make a clear decision of property preferences.
Keep your eyes open for available options and examine the real estate market conditions to select your preference according to your needs, be it commercial or residential. Moreover, Pune is expanding its limits and suburbs are also fast becoming a buzzing part of the city. So as mentioned above, Pune has become a hub of opportunity, and having a property here is just adding value not just to your lifestyle, but also to your investment portfolio.
Check for the right documents & clearances
On deciding property type, make a deep check on affordability and capital gain over long term. Most essentially, scout for RERA compliant projects accompanied by all necessary documents, from no objection to the sales agreement, particularly if investing in the city outskirts. By following this process your house buying process can be smooth & hassle-free.
This calculation can make your life easy!
First time home investment in Pune is always a multi-dimensional process. Your home provides you the much-needed shelter, security, and satisfaction of having accomplished a major milestone in life, an elevated social status, and a sense of responsibility. A well thought out budget is the first concrete step for home buyers in India. Never overspend just to relish the luxury that’s beyond your affordability, otherwise, you might end up with a big debt. Housing loans thus form an integral part of the home buying exercise. The EMI should be extremely comfortable for you. It is always advisable to keep some safety deposit for emergencies and mishaps. House is a big achievement but, make a wise decision by choosing the appropriate house which suits your budget and living standards.
Selection of surroundings is important-
Pune is the best combination of urban development rooted in a green and clean environment. The city provides a comforting lifestyle with connectivity, especially for migrants. The outskirts are developing at a tremendous pace, because maximum IT professionals are settled there. Preferably one should choose a home near their workspace. Baner, Aundh, Bhugaon, and Hinjewadi are emerging as the best places to lead a comfortable life and these areas have various new real estate projects where astounding residential & commercial properties are experiencing great appreciation.
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