Buying a home is the biggest investment and purchase you can ever make. There are a lot of things you must take care of to ensure that the home is just-the-right and not a mistake. Assessing your needs from your home in Pune, getting pre-approved for a loan or mortgage if needed, checking your budget and doing your homework are the must-follow tips, no matter where you plan to buy your next house. But in this piece, we will tell you how to prepare for buying a house in Pune. There are certain things that you must keep in mind that will make your home buying in Pune simpler.
Know the City Thoroughly
If you haven’t already been living in Pune and are planning to relocate here, the first thing to do is get comfortable with the city and know everything about it. Pune is an incredible city, especially if you are a working professional who already has or is planning to start a new family. You must be knowing that Pune is famous for its ideal weather. The humidity isn’t bad, it rains often, and the greenery keeps the city cool all the time. Pune is known as the Oxford of the East as it is blessed with some of the best educational institutions and hospitals that are perfect for complete family life. Talking about the real estate scenario, you can easily find a home that fits your description of a “dream house”. There are stunning 1, 2 and 3 BHK for sale in Pune that are affordable, spacious and complemented with amenities.
Bottom line: moving to Pune is the best decision you can probably take.
Get Ready to Live in a Cosmopolitan City
Talking more about Pune, it is one of the most happening cities that accept people from all walks of life with open arms. It is the ninth most populated city in India and the second-largest city in Maharashtra. People of all religions, beliefs, ages, working professions and family types have been living harmoniously in Pune for several decades. So if you are worried if living in Pune will be overwhelming or you might get lost in the crowd, you don’t have to worry. Pune is known for becoming a place for distinct individuality. So all you have to do is pick the right location where you can find your comfortable spot and your dream 1 or 2 BHK flat in Pune.
Pick the Location Smartly
Places in Pune can seem to be located very far. Hence, make sure you research well before choosing the right location for your home. Firstly, you must consider living close to your workplace and other places where you may travel frequently. You cannot look for homes in Hinjewadi or Wakad if your whole life is located anywhere in Kondhwa. You must then look for 2 BHK flats in NIBM or anywhere in Kondhwa. You must also decide on the area that best suits your purpose. If you are a migrant who has moved to Pune because of work, areas like Kharadi, Viman Nagar, Magarpatta, Hinjewadi, Aundh, and Koregaon Park, may suit you the best. These areas have a diverse and cosmopolitan population. Similarly, if you are a Maharashtrian, and prefer to stay connected to the core areas of the city, then areas of Bavdhan and Sinhagad Road, etc. would suit you better.
Consider the Connectivity
When looking at the location, you must also look at various public transport options available in various parts of the city. Pune is blessed with autos, local buses, trains in some parts, existing and upcoming metro lines and taxi services throughout the city. If you don’t own your vehicle, these public transport options will make your life easier. Check if the location you are planning to buy a house in has proper bus, train or metro connectivity, and isn’t located on the outskirts or in remote patches of Pune.
Check the Leading Builders
You surely don’t want to settle with some newbie builder whose projects can fall apart at any point in future. Trusted real estate builders and developers are known to bring excellence, perfect workmanship, added amenities and comfort to the table. When you buy a 1 or 2 BHK flat in Pune by reputed developers, you can expect everything to be perfect as they are credible and you can expect everything from the completed project that they committed beforehand. Banks, moneylenders and financial institutions are well aware of all the trustworthy real estate builders in Mumbai. These financial institutions rely on reputed brands and you will have an easy time getting your loan sanctioned. This way, you can also benefit when it comes to getting approved for loans and mortgages for your home.
View Properties In Person
No matter how overwhelming or time-consuming the home buying process in Pune becomes, make sure you visit every property personally to explore every bit of them. While the real estate market in Pune is vast and attractive, there are very high chances of getting scammed. To avoid any kind of miscommunication and scams, schedule in-person visits to every property. No matter how many pictures of homes you see online or your realtor shares complete details with you, you must see everything for yourself to take the right decision. Don’t rely on virtual tours, inspect every nook and corner of properties, ask several questions and don’t shy away from visiting multiple properties.
Learn the Tax Benefits
The major motivation for homebuyers in Pune comes from the income tax deductions that are available against home loan repayments. Without a home loan, your contribution to income tax would be greater and the money accrues to the exchequer. But when you avail of the tax concession, it promotes indirect savings for you, and the benefit accrues to your account. The exact scheme of deductions and percentages are announced in the annual scale budget released by the Government of India. So make sure you know everything about the tax and tax benefits norms in Pune well in advance.
Buying a property in Pune is an important life decision, make your checklist carefully and wisely to enjoy a hiccup-free new home. Always consult with a property expert, to know more about the locality and for flexibility in buying and selling the property. And if you are not able to decide between the reputed builders in Pune, start looking at the track record and successful projects created by them. For instance, we have several projects to offer in various parts of Pune that bring opulent 1, 2, 3 and 4 BHK homes to you. Raheja Reserve is one of the masterpieces that provides immense comfort and convenience in the heart of the NIBM area. So research more and look for such amazing residential projects that meet all your expectations.
