India's real estate markets today are frenzy and are being determined largely by the quick growth of its IT industry and the concurrent growth of its middle-class group.
The Boom is being observed by the both residential and commercial property sector in many top cities of India. And Pune properties are being executed at incredible prices. The land prices presently prevailing in IT spaces have grown up thrice of what it was few years ago.
Whether you see from investors point, buyers or price all is gearing up to steep heights, when it comes in buying a home or shop in Pune. According to research there are hundreds of residential projects springing up across the city and the areas where major investments are being produced are Kiwale, Ravet, Balewadi and & further extending its proximity.
All these are making MNC's & overseas investors Pune as a keen mark to invest & the city is being measured as the "the next big thing" for investment. Purchasing a 2BHK in Kiwale is a huge deal. It doesn’t matter whether this is your first time or you already have experience in dealing with property buying, understanding the processes is what becomes necessary. Since, it is a huge financial investment, so it is vital to consider the pros as well as cons before agreeing to a specific residential place.
To make the journey of purchasing property easier for you in Pune, we have put together a few property buying tips that can help you find and purchase the finest residential flats and commercial.
1. Decide the Kind of Residential Property You are looking for
There are many 3 BHK Flats in Balewadi Pune For Sale that you can choose from. Taking into account your location preferences, needs, budget and situations are the essential steps to consider when coming to a decision.
2. Come Up with the best Financial Plan
Proper financial planning is a must prior is what becomes vital when you are on the journey to buy property in Pune location. First of all, inspect the present financial obligations and apply for a Home Loan by understand your budget and determine how much you can afford to pay monthly EMIs. Check that you have a savings to cope up with any emergency needs and other factors. Check for various loan options provided by the bank and move ahead consequently.
3. Check Various Interest Rate Options
If you are a first-time property buyer or looking for a Commercial Office in Kiwale, you may be in a fix doubting whether to pick a floating rate or a fixed rate of interest. Understand the pros and cons of both and make your choice. Nowadays, many people are opting fixed-floating Home Loans.
4. Take into Account Your Builder’s Credibility
Besides devoting your time on obtaining a good loan and looking at the property, make sure you also check the background and confirm the credibility of the builder.
5. Check the Legal Documentation
It is essential to review the license and registration number of the real estate developer you will be dealing with before you invest in the residential property. Check the RERA number to double check if the details they are providing are true.
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Whether it is the cute 2BHK or the seemingly spacious 3BHK flats in electronic city, the decision is never going to be easy as a lot of questions need to be answered first before you zero on your choice.
This is a question that plagues every new homebuyer.
But, worry not for we here are there to help you clear your confusion and assist you in making an informed choice.Primary ObjectiveFirstly, get a clear idea of the purpose behind buying the flat.
Is it for residing in it yourself or purely for a rental purpose?
The capital appreciation is high and 2BHK’s have higher chances of being resold when compared to a 3BHK.
If you want greater clarity, it would help to write down your objectives and think whether the options match them.BudgetThis is another huge factor that you should give much thought to as the choice between a 2BHK or a 3BHK flat in Electronic City, Bangalore would eventually depend on your budget and how far you are willing to stretch.Maintenance ChargesIt may not come as a surprise to you that the maintenance charges of a 3BHK are higher when compared to a 2BHK.
If you set out to find a residence, you will have available numerous flats for sale in Byculla Mumbai.
It is easier to get to places and commute when you live in a central location.Latest Facilities & AmenitiesNowadays, it is a common trend for building and new developments to come with all sorts of latest amenities and facilities.
These include covered car parking, high-speed elevators, power backup.
Along with that, guards stand at the gated entries and well-lit surroundings.
So, you would have to get used to the idea of a hectic commute and getting stuck in traffic jams.However, at the same time, the central location makes it easier for you to get to places within the city.MaintenanceThis is not for all high-rise buildings.
Although dampness and seepage is a common issue with apartments, the new developments are built ensuring excellent quality.
According to a survey by a real-estate portal, a whopping 84% of the Indian homebuyers have no clue on how to check the quality of a construction.
They tend to expand, swell and shrink based on the moisture content present.
Ask for a copy of the soil test report before you finalize that flat in Electronic City Bangalore.Check the wall’s thicknessTo know the wall thickness, first try to make a hole in the wall using a key.
If you succeed in making one with limited effort, you can conclude that the material used is of inferior quality.
Another technique is to tap on the wall and observe the quality of sound that it makes.Check the quality of plaster and paintsOne can know the quality of the construction material used by observing the presence of roughness or cracks in the wall, if any, once the plastering and painting are done.
Also, you can rub the plaster from the walls to assess the quality.Ensure that the safety features are in placeEnsure that the size of your stairway is wide enough that at least two people to run alongside in case of an emergency.FixturesThe builder may say that your property for sale in Bangalore has the best fixtures possible but you have to check if the bathroom fittings, wires, electrical fittings, etc.
