Things to consider while Buying a Home in South Pune
Buying a home is a one-time achievement for most of us. Buying a home is a kind of challenging task for most people. And that also in metro cities like Pune. It lets people think 360 before buying a home in South Pune.
Pune is one of the best cities to live in the western Maharashtra region. South Pune is one of the most preferred locations in Pune to buy a flat/apartment in Pune. South Pune covers all major parts of Pune like Kondhwa, Katraj, NIBM, Ambegaon, and Undri.
Gagan ELA, one of the premium projects in Kondhwa, is approaching the possession date. And we have launched three new projects in Kndhwa and NIBM Annex- Gagan Myra, Gagan Meher & Gagan Royal Palm.
NIBM and Undri are the main areas where so many real estates projects are under construction. Here, we bring you some of the important parameters to take into consideration before buying a home in South Pune.
Before going for the final decision regarding property purchasing, you need to understand the basic requirements of you and your family. Whether you prefer 1 BHK, 2 BHK or 3 BHK flat. You flat size requirement may depend on your family size, your financial status, or your own perception regarding your dream home in Pune.
Firstly think why people invest in Pune real estate. One of the main reason is well-grown and maintained infrastructure in past few years.
Job opportunities is also one of the main reason why people think to have a own flat in Pune. You can select location in Pune according you your job location.
The budget plays a game-changer role in the journey of finding the best home for you. The property buyer must first work on finalizing the budget for buying a new home. We say it is a must because, if you finalize all other parameters in your checklist to find a new home, and then you go for the budget part, it may go way above your expectations. This may lead to a change in the plan in terms of locations and property type i.e. 1 bhk, 2 bhk, OR 3 bhk.
The budget finalization for the new property involves calculating other expenses like a car loan, educational expenses, and other unpredictable expenses. Once you are clear about your necessary monthly expenses, you also become clear about your budget range and EMI outgoing, which you can afford to pay.
The first-time homebuyer must go through detailed budget analysis. He/She should not go above the budget.
This is one of the important parameters to check before booking your home in Pune. It is important to check the builder’s profile and reputation. You must go to the developer’s website and check for the Ongoing Projects & completed project and also ongoing projects.
Not all builders and promoters are the same, but as you are going to take a decision on your dream home, you must check for the history of the builder, and the time to take project completion.
Choosing a perfect location as per your requirement is one of the most important parts of the search for the perfect home. Locations connectivity needs to be checked in terms of the connectivity to your job location, schools, shopping malls, and hospitals nearby.
Also, the project locations should be well connected to the nearby bus stands, airports, and railway stations, so that your future transport becomes easily accessible.
Construction quality can be analyzed in a number of different terms like
Building Design and Structure – Check for how effectively the architect team has designed all the structures including walls, beams, windows, open-terrace, balcony, and common area. Please check these parameters for look and feel, safety, and security.
Concrete Quality – You can always ask for the concrete brand used for the construction & also ask for the receipt of the purchase.
Plaster Quality – One must check for the plaster quality before investing in a property. Cracked plaster indicates poor quality & water leakages.
Fittings and Fixtures – Check for all the fittings and fixtures of the apartment you are planning to buy. Check for washbasins, Bathroom showers, pipers, taps, bathtubs, and flush. Check for all electrical devices like switches, fans, & AC points.
Paint Quality – Quality paints on the walls improves the look and feel of an apartment. It also improves the longevity of the walls.
Elevators – Elevators are crucial and important element of buildings. You must check for the licence and maintenance of the elevators taken by the developers. One also needs to check for the elevators ratio. Generally, for the residential project having more that 300 apartment, must have 3 elevators and 1 service lift.
Water Supply – You must check for the water supply timings and water purity
Parking your vehical in the safe place one veryday task. While buying a flat, please check for the parking lot provided by the biulder. If you are looking flat in premium projects, be prepared for additional expences. You need to also check for the visitors parking lot available or not.
Rental and Re-Sale Value
If you are looking property not for self use, but for renting-out, you must do a little research on how much rental you will earn.
In Pune, if you buy a flat in Wagholi, Kharadi, NIBM, Kondhwa, Baner, Balewadi, you will definitely get a good rental and resale value.
Residential Projects in Pune
1 BHK, 2 BHK and 2XL BHK Flats on Wagholi-Kesnand Road.
2 and 3 BHK Flats in NIBM
1, and 2 BHK Flats in Undri
2 and 3 BHK Flats in Kharadi
2 and 3 BHK Flats in Balewadi
2 and 3 BHK Flats in Wagholi.
3 BHK and 4 BHK Flats in Market Yard
While buying a new property in Pune, you need to take in consideration all the finance options available like bank loans. Compare all the parameters like EMIs, terms, tenures, and credibility.
We hope this home-buying guideline checklist leads you in correct direction towards home-ownership. Gagan Developers is one of the top builders in Pune. We are on planned mission to provide nicely crafted and affordable homes to the Pune people. Definitely we will come out with the more detailed guidance for home buyers. Thank you.