subject: Things To Consider Before You Buy Property In Pune [print this page] So, you have decided to move out of your leased home and invest in your own property in Pune. This is a decision that needs to be carefully executed so as to choose the best from a myriad of available options. When you decide to buy property in Pune or any other city, it is a major decision from the personal and financial perspective. Moving into a new home marks a new beginning.
This article elucidates the various things you should consider when looking for residential property in Pune. If not chosen carefully, your property purchase could actually turn out to be a risky or problematic decision. One of the simplest ways to mitigate these concerns would be by choosing a leading real estate developer. A reputable developer would typically not sell a property unless all the clearances have been obtained, and all quality and safety requirements are adhered to.
Here is a checklist to help you make an informed decision when you set out to buy property in Pune:
1. The first thing would be to choose a location that suits you best. An ideal location would be one that is conveniently located from your workplace as well as the workplace of your spouse or other family members. Apart from the workplace, consider distances from leading hospitals, educational centres, and recreation avenues.
2. The next important task would be to consider the prevailing rates for property in your chosen locality. Once you have a clear idea of the property rates, you can decide whether you would like to purchase the property you originally intended, or whether your finances allow you to purchase a larger apartment/row house.
3. Moving on, you can now select a project from the best real estate developers in that area. Most people think that leading real estate developers have higher property rates. However, they fail to consider other factors such as better quality of construction, no legal hassles, superior amenities, and so on.
4. Once you have finalized the residential property in Pune, you would need to think about other important factors such as finance options. Projects that are pre-approved for housing finance schemes save you a considerable amount of time and documentation. This also highlights another aspect of choosing a reputable real estate developerall projects of leading builders are approved by national banks.
5. Other important things to discuss with your builder when you buy property in Pune are: approval of plans, environmental clearances, clear legal titles, carpet area specifications, dates and process of payments, expected possession of the property, and so on.
Only after you have gone through all these steps should you proceed to pay a token or booking amount to your chosen real estate developer. This would ensure that you are putting your finances in the right project when you buy property in Pune.
by: Rajesh Chopade
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