Pune Real Estate Climbs Up The Ladder To Become A Preferred Investment Destination

Buy sell Property & Real Estate Investment Guide

Buying Property Tips#1: Choose the Right Location
Before you choose a location, it is of utmost importance that you consider the development prospect of the area. Other factors to consider here is crime record of the area, availability and nearness of public facilities and utilities.
Buying Property Tips#2: Study the Local Market Dynamics
It is important to get well familiar with the local realty market. Learn the variation in property prices by street. Don’t shy away from asking a few realty investment agents questions to get better insight on the matter.

Pune has emerged as an investor's favourable spot with good appreciation. The city is rapidly growing with options suiting to different budgets. What makes Pune the investment hotspot, is the variety of options it offers with a promise to get better returns. From luxury apartments in Pune to the budget 1 BHK flat, Pune's real estate market is a versatile one. The property price is adaptable to all the buyer's segments, i.e. an affordable, mid or the luxury housing sector.

An investor's main focus while investing in property is on good Return on Investment. When it comes to Pune, the emergence of several different real estate projects fulfills the objectives by providing a consistent and steady appreciation.

Buying Property Tips#3: Choose the Right Property
Getting the right property right away is quite unlikely. First, you need to be clear on why you want to buy an investment property. After that, you will be able to make right decision based on factors like remoteness or accessibility of the property.
Buying Property Tips#4: Do the Math Properly
Get a precise idea on the value of assets you have available. If you are investing in rental property, make sure you can easily cover the mortgage payment through rents. Additionally, get a clear idea on the appraisal value of the property beforehand.
Buying Property Tips#5: Consider Additional Expenses
When purchasing an investment property, it is not only the selling price that investors need to consider. There are various additional expenses such as property tax, home owner’s insurance, repair & maintenance that must be considered.

Improved connectivity and the rapid infrastructure development is the major factor to attract investors from across the country. With the establishment of Pune Metropolitan Regional Development, more infrastructure development in the city is yet to happen. The city is now witnessing a more outward expansion of real estate on the outskirts, for example on the western side of Pune, Hinjewadi which was once a rural locale is now the IT hub of Pune. Different projects by different trusted builders are gaining popularity in this region. There are many ready possession flats in Hinjewdi. Along with the local investors and buyers, the projects are also focusing on IT workers and migrant population. It is also located close to National Highway 4, which is a bright point to invest too.

Also, a gated community is preferred now due to the provision of various modern amenities and the sense of security it offers. On such projects good rentals and better appreciation are assured.

Experts have also pointed that with the industrial development and the economic growth of the city, Pune has also started attracting a good number of NRIs and professionals on the outskirts of the city, which has resulted in the increase demand of the properties. On the other hand, this has also given a boost to the luxurious apartments in Pune.

So, Pune's realty market is such that will not let its investors down. As the new projects are offering an all round modern amenities, it is also required to check the developer's history and background before investing on desired property. One should carefully plan by researching on the location and see the growth of development and the connectivity with the prominent landmarks of the city.

Buying Property Tips#6: Inspect the Property
To ensure that you are getting everything you are paying for, a thorough inspection of the property is essential. Besides ensuring that you are not overpaying, a rigorous property inspection also gives you a good estimation on what the additional expenses might be.
Buying Property Tips#7: Pick the Right Financing Option
While interests on investment property loans are tax free, some borrowing costs aren’t immediately tax deductible. Knowing that, and structuring your financing in accordance is crucial. Don’t hesitate to ask for help from a financial advisor.
Buying Property Tips#8: Invest through Equity
One of the best ways to purchase an investment property is to leverage the equity of another property (including your primary home). This is a preferable way among regular investors, especially due to added tax deduction advantages.
Updated: April 3, 2017 — 8:09 am
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