Introduction

In recent years, Pune has emerged as a hotspot for real estate investment, and it’s not hard to see why. With a rapidly growing economy, a thriving IT sector, and a rich cultural heritage, Pune offers a unique blend of opportunities for investors. In this article, we will explore the factors contributing to Pune’s real estate boom and why you should consider investing in this vibrant city.

Investing in Pune: A Lucrative Opportunity

Pune, the second-largest city in Maharashtra, India, is witnessing a meteoric rise in its real estate market. With its strong economic growth, robust infrastructure, and attractive lifestyle, Pune has become a preferred destination for both homebuyers and investors.

1] Pune’s Economic Growth Story

Pune’s journey from a quiet educational hub to a bustling economic center has been nothing short of remarkable. The city’s proximity to Mumbai, one of India’s financial capitals, has played a significant role in its economic growth. As Mumbai continues to face challenges related to space and infrastructure, businesses and industries have expanded to Pune, leading to a surge in job opportunities.

Investment Tip: The city’s economic prosperity means a steady demand for rental properties, making it an ideal choice for real estate investors.

2] IT Hub of India

Pune’s real estate market owes much of its success to the booming IT sector. The city is home to numerous IT parks and tech companies, attracting a talented workforce from across the country. This influx of professionals has created a robust demand for residential properties, especially in areas like Kharadi and Magarpatta.

Investment Tip: Investing in properties near IT hubs can yield excellent rental returns and capital appreciation.

3] Infrastructure Development

The Pune Metropolitan Region has witnessed massive infrastructure development in recent years. From new highways to the expansion of the metro network, the city’s infrastructure is evolving to accommodate its growing population. These developments have opened up new areas for real estate investment and enhanced connectivity within the city.

Investment Tip: Keep an eye on upcoming infrastructure projects; they often lead to substantial appreciation in property values.

4] Cultural and Educational Hub

Pune’s rich cultural heritage and renowned educational institutions make it a preferred choice for students and professionals alike. The city’s educational sector consistently attracts students from across India and the world. As a result, the demand for rental properties near colleges and universities remains high.

Investment Tip: Consider investing in properties near educational institutions for a steady stream of tenants.

Benefits of Investing in Pune Real Estate

Investing in Pune real estate can offer a number of benefits, including:

• High capital appreciation: Pune’s real estate market has been consistently appreciating over the years. This means that investors can expect to make good returns on their investment.
• Rental income: Pune is a major commercial hub, and there is a high demand for rental housing. This means that investors can generate a steady rental income from their properties.
• Good liquidity: The Pune real estate market is very liquid, meaning that investors can easily sell their properties if they need to.

Real Investment News

1] Pune Real Estate: Residential Rates Up 11.03% In 12 Months, Should You Invest?

Read more at: [ Pune Real Estate: Residential Rates Up 11.03% In 12 Months, Should You Invest? (msn.com) ]

2] Pune’s residential real estate market again proved its strength in 2022 as demand increased convincingly after
the pandemic.

Read more at: [ Pune Housing Market – Review of 2022 and Predictions for 2023 – Punekar News ]

3] Pune Real Estate Market Sees 11.03% Surge in Residential Rates in 12 Months

Read more at: [ Pune Real Estate Market Sees 11.03% Surge in Residential Rates in 12 Months – PUNE.NEWS ]

Latest News on Pune Real Estate Market

• Pune Metro to boost real estate market: The Maha-Metro Rail, which is going to be the most significant mode of transport for Punekars, will have a favourable and positive impact on the Pune’s Real Estate sector

• New IT parks to come up in Pune: With the Information Technology industry witnessing a stable growth,99 IT parks are coming up in Pune,with some already under construction,revealed government officials and industry associations.

Conclusion

In conclusion, Pune’s real estate market is on an upward trajectory, driven by economic growth, IT expansion, infrastructure development, and its status as a cultural and educational hub. The city’s potential for high returns on investment is evident from recent news articles and newsletters that highlight its growth and stability. If you’re looking for a promising real estate investment opportunity, Pune should be at the top of your list. Don’t miss out on the chance to be a part of Pune’s real estate success story!

The post Why is Pune’s Real Estate Market Booming? appeared first on Bhatnagars Real Estate.

Investing in Pune’s Luxury Real Estate. In the dynamic world of real estate, Pune stands as a shimmering gem, beckoning investors towards its luxury property market. This article is your gateway to understanding the compelling reasons, benefits, and potential risks associated with investing in high-end properties in Pune.

Pune’s Real Estate Ascendancy

Pune’s ascent in the real estate arena is not by chance; it’s a culmination of strategic factors.

1. Thriving IT Hub Fueling Growth

The city’s thriving Information Technology (IT) sector has attracted professionals from across the nation. The presence of IT giants like Infosys, Wipro, and Tech Mahindra has led to an influx of high-income earners, creating a consistent demand for luxury residences. Pune has truly become a tech-savvy metropolis.

2. Academic Excellence Draws Attention

Pune is renowned as the “Oxford of the East” due to its prestigious educational institutions. Home to the University of Pune, Fergusson College, and the Film and Television Institute of India, among others, the city perpetually welcomes students and faculty members. Consequently, the demand for luxury housing options remains evergreen.

3. Infrastructure Transformation

Infrastructure developments have redefined Pune’s landscape. The ongoing expansion of the Pune Metro, improved road networks, and the establishment of dedicated business districts have elevated Pune’s stature as a lucrative real estate destination.

4. Cultural Charisma and Historical Splendor

Pune’s cultural heritage and historical landmarks are magnetic. Owning a property steeped in history and culture is a unique proposition. Iconic sites like Shaniwar Wada, Aga Khan Palace, and the Osho International Meditation Resort add to Pune’s allure.

Balancing Act: The Risks

While Pune’s luxury real estate market is promising, prudence is key.

1. Market’s Ebb and Flow

Market volatility is a reality in real estate. Economic downturns can impact property values, so it’s vital to conduct thorough market research and adopt a long-term investment perspective to cushion against market fluctuations.

2. Regulatory Realities

Government policies and regulations can influence real estate investments. Staying informed about these changes is paramount. Pune has witnessed adjustments in property-related regulations in the past, underlining the need to remain vigilant and adapt.

3. Exceptional Returns on Investment

Investing in luxury real estate in Pune can yield exceptional returns on investment. The city’s burgeoning economy and growing demand for high-end properties mean that the value of your investment can appreciate significantly over time.

Navigating the Sea of Information: Pune’s Real Estate News

Stay updated on Pune’s luxury real estate market with these informative articles:

“Pune’s Real Estate Sees Record Growth in 2023”
– Discover the remarkable growth in Pune’s real estate market in 2023.
Read more

“Pune Real Estate market in next 10 years”
– Pune is among the few cities in India that have accelerated steadily and has made it among the 100 top cities in the country for its Real Estate sector.
Read more

Bhatnagar’s Real Estate: A Legacy of Excellence

In your quest for luxury real estate in Pune, trust Bhatnagar’s Real Estate, where experience meets excellence. With decades of industry expertise, Bhatnagars has consistently delivered exceptional real estate solutions in Pune. Their commitment to client satisfaction and deep market knowledge makes them your ideal partner. Explore their offerings at Bhatnagars Real Estate.

Unlocking the Potential of Pune’s Luxury Real Estate

To conclude,

Investing in Pune’s luxury real estate market can be a strategic decision given its robust economy, educational institutions, and burgeoning infrastructure. However, it’s imperative to navigate potential risks wisely. Armed with the right knowledge and guidance, this investment could become the cornerstone of your financial portfolio.

This article has illuminated Pune’s luxury real estate landscape, showcasing its strengths and potential pitfalls. Whether you’re a seasoned investor or new to the real estate market, Pune’s dynamic environment beckons. The city’s rich cultural heritage, booming economy, and expanding infrastructure combine to create a compelling destination for luxury real estate investments. To realize the full potential of this opportunity, seek advice from seasoned real estate professionals like Bhatnagar’s Real Estate, who bring decades of expertise to the table. By staying informed and taking calculated risks, you can unlock Pune’s luxury real estate market’s full potential.

The post Investing in Pune’s Luxury Real Estate: Is it Worth the Splurge? appeared first on Bhatnagars Real Estate.

7 Points to Remember Before Buying Properties

Are you considering investing in real estate in Pune, one of India’s most vibrant and dynamic cities? Buying a property can be a lucrative venture, but it requires careful consideration and planning. In this comprehensive guide, we will walk you through seven Property Buying Secrets to remember before making that significant investment.

1. Location: The Key to a Successful Investment

Unveiling the Essence of Location: Your Path to Rewarding Investments

In the captivating world of property acquisition, one principle reigns supreme: location. As you delve into Pune’s real estate tapestry, diverse neighborhoods offer unique charms and investment potential. Your task? Decipher your preferences—urban vibrancy or serene suburbia—and select a location aligned with your needs.

Certain areas, like Koregaon Park and Boat Club Road, have stood the test of time, consistently appreciating in value. This allure is primarily attributed to their strategic positioning. For families and seniors, access to top-notch medical facilities is pivotal. Between Boat Club Road and Koregaon Park, world-class medical options flourish, underscoring the location’s pivotal role.

In the realm of property investment, location emerges as the guiding star, illuminating your choices. Whether it’s an urban symphony or suburban serenity, let your chosen locale harmonize with your investment goals and aspirations

2. Builder’s Reputation: Ensuring Quality and Reliability

Before finalizing a property, thoroughly research the builder’s reputation. Look for established developers with a track record of delivering high-quality constructions and timely possession. Customer reviews and testimonials can provide valuable insights into a builder’s reliability.

3. Lifestyle Matters

Pune’s real estate market caters to various lifestyles. Whether you’re a young professional seeking a trendy urban loft or a family in search of a serene suburban haven, Pune offers a diverse range of properties that align with your lifestyle aspirations.

4. Parking: A Prerequisite for Urban Living

Parking can be a critical factor, especially in urban areas with limited space. Ensure the property provides sufficient parking spaces for both residents and visitors. Ample parking facilities add convenience and value to the property.

5. Security: Prioritizing Safety and Peace of Mind

While a neighborhood might appear serene and idyllic during the early hours, its atmosphere can change dramatically come evening. It’s important to remember that what seems safe now might not necessarily stay that way in the future. Therefore, it’s unwise to solely rely on a single aspect when making your decision. Engaging with a realtor who possesses an in-depth understanding of the area’s evolution over time and is well-acquainted with both existing and upcoming development plans can provide invaluable insights. After all, having a comprehensive perspective can make all the difference in your investment journey.

6. Future Development Plans: Understanding the Prospects

Research the development plans for the neighborhood where the property is located. Upcoming infrastructure projects, commercial developments, and transportation enhancements can significantly impact property values and rental demand in the future.

7. Acquire Expertise Through Trusted Realtors

Navigating the complexities of property acquisition is made smoother with the guidance of a seasoned realtor. A quality real estate agent who possesses an in-depth understanding of the area garnered through consistent and successful business over time, can be an invaluable asset. Their insights can lead you to properties that align with your goals and preferences, ensuring a well-informed decision.

At Bhatnagars, we exemplify this ethos. With a legacy of excellence and a reputation for delivering outstanding results, we are committed to helping you make sound investment choices. Our intimate knowledge of Pune’s real estate landscape empowers us to guide you toward properties that offer both financial potential and a fulfilling lifestyle.

Pune Property Market Unveiled: Top Headliners That Will Amaze You!

Welcome to the vibrant and dynamic world of Pune’s property market! If you’re considering investing in real estate in this bustling city, get ready to be captivated by the top headliners that make Pune an exciting investment destination. In this blog, we’ll explore the benefits of investing in Pune, share popular news articles to keep you informed and introduce you to some captivating newsletters that will guide you on your real estate journey.

Popular News Articles

Stay updated with the latest trends and developments in Pune’s property market through these informative news articles: Pune registers over 54 % growth in real estate, claims survey Against 46,080 in 2021, a total of 84,200 units/projects of real estate were completed in the city in 2022, the latest survey by property consultant Anarock claims.

Read more in this article: 

[ Pune registers over 54 % growth in real estate, claims survey | Pune News – The Indian Express ]

Pune real estate has clocked sales of around 53,000 housing units in the period between January and July 2021 as compared to about 49,000 housing units between January and July 2019 indicating an almost 8% growth

Read more in this article: 

[ Pune real estate sees 8% growth in sales volume, 27% in value: report – Hindustan Times ]

What makes Pune a promising real estate investment destination for millennials Most investors consider Pune as one of the most profitable and viable locations to invest in residential real estate.

Read more in this article: 

[ What makes Pune a promising real estate investment destination for millennials | The Financial Express ]

Top Benefits of Investing in Pune

Now that we’ve explored the key considerations when working with a realtor, let’s delve into some of the benefits of investing in Pune.

1. Pune’s Real Estate Market on the Rise

Pune’s real estate market has been experiencing steady growth, making it a promising investment destination. With the city’s booming IT sector, more professionals are seeking accommodation, creating a high demand for properties.

2. High Return on Investment (ROI)

The flourishing market and increasing demand for housing have led to attractive returns on investment in Pune. Smart investment choices can yield substantial profits over time.

3. Infrastructural Development

Pune’s infrastructure development has been remarkable, with the government focusing on enhancing transportation and connectivity. These improvements add value to properties and benefit investors in the long run.

4. Emerging Suburban Areas

The outskirts of Pune are witnessing significant development, offering affordable yet lucrative investment opportunities. A realtor will guide you to these emerging suburban areas with great potential.

5. Thriving Rental Market

Pune’s thriving rental market makes it an appealing option for investors looking to earn passive income. A realtor will help you find properties that cater to the rental market, ensuring a steady stream of income.

6. The Rise of Co-Working Spaces

The city’s growing startup culture has led to a surge in co-working spaces. Investing in commercial properties for co-working purposes can be a lucrative option, and a realtor will identify such opportunities.

7. Green and Sustainable Initiatives

Pune is embracing sustainability, and properties with eco-friendly features are gaining popularity. A realtor can help you discover green properties that align with environmental consciousness.

8. Government Initiatives and Incentives

The government of Maharashtra has introduced several incentives and policies to boost the real estate sector. A realtor will keep you updated on these schemes, ensuring you make the most of available benefits.

9. Cultural and Educational Hub

Pune’s rich culture and renowned educational institutions attract students and young professionals. Investing in properties close to these centers can yield excellent rental returns.

10. Strong Sense of Community

Pune offers a warm and welcoming community, making it an attractive destination for families and individuals alike. A realtor will introduce you to neighborhoods with a strong sense of community, ensuring a comfortable living experience.

conclusion, 

“Property Buying Secrets Unveiled: 7 Key Tips for a Lucrative Investment” 

emphasizes the significance of partnering with a skilled realtor while venturing into Pune’s thriving real estate market. From guiding you to the perfect location and reputable builders to prioritizing essential amenities and security, a realtor’s expertise ensures a smooth and successful investment journey.

Investing in Pune offers a host of advantages, including a booming real estate market, high returns on investment, and promising infrastructural developments. The city’s emerging suburban areas, flourishing rental market, and focus on sustainability add to its allure as an investment destination.

As you embark on your real estate investment journey, stay informed of the latest news and trends through popular articles and newsletters. Keep yourself updated on the city’s property market and government initiatives to make well-informed decisions.

And now, if you’re ready to explore the exciting opportunities in Pune’s real estate market, consider partnering with Bhatnagar’s Real Estate, a reputable and experienced agency dedicated to providing top-notch services to investors like you. With their in-depth knowledge of the market and commitment to customer satisfaction, Bhatnagar’s Real Estate is your ideal partner in making profitable investment choices.

For more information and to get started on your real estate journey,

visit their website at [https://bhatnagars.co.in/].

Experience the seamless and rewarding process of investing in Pune with Bhatnagar’s Real Estate by your side. Happy investing!

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Introduction

Investing in real estate has long been considered a lucrative and reliable way to build wealth. While it may seem daunting at first, with the right strategies and knowledge, real estate investment can provide substantial returns and financial security. In this blog post, we will explore some of the top strategies for wealth building through real estate investment in Pune. and we’ll also provide you with real news articles on the biggest deals in the last 12 months, making this information more current and informative.

See the headliners first to see some recent industry indicators that make us excited about the property market in Pune!

Pune Property Market Headliners!

As per the latest report by Anarock Research and reported as below on 28^th June 2023 by Business Today, “Pune saw the highest jump in the number of units sold at 65 per cent. It sold 20,680 units in Q2 2023. MMR saw housing sales increased by 48 per cent with 38,090 units sold” Despite rising home loan rates, housing sales in the second quarter of 2023 greatly outpaced the previous peak in the first quarter of 2023, according to Anarock Research. Despite several worldwide economic challenges such as layoffs and rising loan rates, the housing sector’s bull run continued in the second quarter of the year. Mumbai Metropolitan Region (MMR) and Pune accounted for 51% of total sales among the top seven cities. According to Anarock, 58,770 copies were sold in these cities.

Read more at this article:

https://www.businesstoday.in/real-estate/story/housing-sales-at-all-time-high-despite-economic-headwinds-pune-sees-65-jump-in-sales-anarock-387373-2023-06-28

After the Mumbai real estate market, one of the most promising real estate markets in Maharashtra is Pune, a city located approximately four hours’ drive from Mumbai, the country’s financial hub.

“The average size of apartments in Pune for the top ten developers is about 1,000 sq ft., and 850 to 950 sq.ft carpet for small and mid-sized developers.” In Mumbai, the typical size is 600 to 650 square feet. “After Covid-19, the average size of an apartment increased by 50 to 100 sq ft in both of these markets as homebuyers demanded more space,” said Aniket Dani, Director-Research, CRISIL Market Intelligence and Analytics.

According to developers, the sizes of flats in newer neighborhoods like Kharadi and Wagholi, as well as IT hotspots like Hinjewadi and Balewadi, are getting smaller. However, in classic Pune neighborhoods such as Koregaon Park, Camp Area, and Kothrud, flat sizes have remained significantly higher.

Read more at this article:

https://www.moneycontrol.com/news/business/real-estate/is-the-pune-real-estate-market-going-the-mumbai-way-10774551.html

“Luxury real estate has seen a significant increase in demand following the pandemic, as homebuyers reconsidered their housing preferences.” “In addition to seeking larger spaces, there is now a greater demand for technologically advanced homes that provide convenience and a sense of ownership,” according to the survey.

All of these units sold are worth 3.47 lakh crore, which is 48% more than in FY22. Surprisingly, Pune saw the biggest increase in sales value, at 77%, followed by Hyderabad and Bengaluru. In Chennai, value growth was 24% in FY23. According to Business Insider

Read more at this article:

https://www.businessinsider.in/business/news/pune-records-highest-growth-in-value-of-sales-in-fy-2023-in-real-estate-sector/articleshow/100248069.cms

Real Estate Investment Strategies

1] Start with a Clear Investment Goal

Before diving into real estate investment, it’s crucial to establish your investment goals. Having a clear vision of what you want to achieve will help shape your investment strategy. Are you looking for long-term rental income, short-term gains through property flipping, or a combination of both? Defining your objectives will help you narrow down the types of properties and investment strategies that align with your goals.

2] Conduct Thorough Market Research

One of the keys to successful real estate investment is conducting thorough market research. Understanding the local market dynamics, such as supply and demand, rental rates, and property appreciation trends, will guide your investment decisions. Look for areas with strong economic growth, job opportunities, and a stable real estate market. Analyzing market data and working with experienced real estate professionals can provide valuable insights to make informed investment choices.

3] Invest in Income-Generating Properties

Investing in income-generating properties, such as rental properties, can provide a steady stream of cash flow and long-term wealth accumulation. When selecting rental properties, consider factors like location, rental demand, and potential for appreciation. Conducting a thorough analysis of the property’s rental income potential and expenses will help you estimate the return on investment (ROI) and make sound investment choices. Additionally, hiring a property management company can ease the burden of day-to-day operations.

4] Keep an Eye on Real Estate Market Trends

Staying informed about the latest trends and developments in the real estate market is crucial for successful investing. Monitor factors like interest rates, housing supply, and demographic shifts that can impact the demand for properties. Understanding market trends allows you to make proactive decisions, such as adjusting your investment strategy, timing your purchases, or exploring emerging markets. Having a strong local partner with a consistent track record is key for this.

Conclusion

Real estate investment can be a powerful wealth-building strategy, offering a range of opportunities for investors. By setting clear goals, conducting thorough research, investing in income-generating properties, staying updated on market trends, and planning for long-term appreciation, you can maximize your chances of success.

When considering your real estate investment options, partnering with a reputable and experienced real estate company is essential. Bhatnagar’s Real Estate Company has a proven track record of helping investors achieve their financial goals through strategic real estate investments. With their extensive market knowledge and personalized approach, they can guide you in making informed decisions and provide expert advice throughout your investment journey.

Remember, investing in real estate requires careful planning, due diligence, and continuous education. By following the strategies outlined in this blog post and working with a trusted real estate company you can unlock the full potential of real estate

Bhatnagar’s Real Estate Company: Your Trusted Partner in Unlocking Lucrative Real Estate Opportunities Since 1978

Welcome to Bhatnagar’s Real Estate, where decades of invaluable experience make us the go-to choice for investors seeking long-term wealth growth through property investments in Pune.

Our Edge:

1. Extensive Market Knowledge: With an in-depth understanding of Pune’s diverse real estate markets, we make well-informed decisions backed by top-notch business intelligence. Spotting emerging markets and lucrative opportunities is our specialty, ensuring substantial returns for you.
2. Expert Guidance: Navigating the real estate world can be daunting, but fear not! Our expert guidance is tailored to your unique goals and preferences. From thorough market research and property analysis to exploring financing options and crafting effective negotiation strategies, we’ve got your back.
3. Wide Network and Access: Our vast network of industry professionals gives us exclusive access to off-market deals and pre-construction projects. Gain an edge in securing high-potential properties that others might miss.

Experience the Difference:

Trust forms the bedrock of our success. At Bhatnagar’s Real Estate, we take pride in delivering outstanding real estate investments with a proven track record of excellence. Our unwavering commitment to personalized service has earned the loyalty of investors seeking long-term wealth growth through real estate.

Ready to embark on a successful investment journey? Choose Bhatnagar’s Real Estate Company today and unlock the most lucrative opportunities. Contact us now!

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It is named  after late Neelkanth Kalyani, who was the owner of various companies like Bharat Forge and Optronica. It is a hub of IT/ITeS sector and has become the one of the most desirable market for residential properties in Pune. It’s home for Up-Market Hotels, restaurants, boutique cafes  and various  prestigious social & business establishments such as a first class golf course Due to the presence of IT/ITES-BPO segments have totally changed the equity landscape entirely. Eminent, standard and affordable residential plots have  flourished all over the locality. Considering other areas, Kalyani Nagar’s development has been the fastest. The government seeing the potential also responded by building a bridge connecting Kalyani Nagar and Koregaon Park. This inturn gave another boost to the industrial and trade activities across the locality as well as give faster access to the Kalyani residents to the busier Koregaon Park With the increase ofdemand of the residential properties in Kalyani Nagar, the  development is on high priority and it is presently going on at an accelerated rate with the Pune Metro being incorporated and improvements to the infrastructure The cosmopolitan culture with amazing amenities and recreational facilities provided by the developers make home buyers feel at ease. The demand remains high as the developers have well-catered buyers’ needs in their real estate projects that are absolutely charming in design and vibe.

Aga Khan Palace – This legendary palace wasbuilt by Sultan Muhammed Shah Aga Khan,the third.It was once closely associatedwith the Indian freedom movement, as freedom fighter Mahatma Gandhi and some ofhis followers wereimprisoned here.This majestic architecture has been declareda monument of national importance by theArchaeological Survey of India and is a tourist place. It attracts many photographers, pupilsand tourists due to its rich history and museum with paintings, photographs, documents, and objects related to the life of Mahatma Gandhi, and so on.

Osho Teerth – Those who have seen this place before its transformation knows the significanceof people’sefforts in its creation. Earlier, thesite wasa barren land full of filth and damp, a black slurry nala used to flow from here that polluted it with the city’s drainage. This place was also a dumping yard of used oil for the nearby railway yard.

But now, it is a Japanese-style garden. A place full of vegetation has been restored with bamboo groves, mangroves, lotuses and roses, fountain sprays, and waterstreams. Now it is full of birds, swans, fish, and more.

All this was possible dueto the Ashram management that took over this place in 1989.

It is a perfect place to relax and be connected to nature even you live in the middle of the city. It has the essence of Japanese culture andis excellent for photoshoots as well.

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What it generally boils down to is that one owning a house ought to take certain steps to ready the property for sale to get its best price while providing the buyer a thing of the right value. These steps include among others, the following:

    1. Get all the paperwork in place

Papers are a necessity. In fact, so necessary are they for the sake of ownership, that they are almost a necessary evil that has to be guarded and treated with extreme care and caution. That said, a property being readied for sale ought to have all its original property-related documents in a condition so as to exhibit the ownership and delineate particular properties.

In fact, when it comes to preserving ownership documents, maps, blueprints, and the likes, steps ought to be taken for their upkeep and preservation right at the time of procuring them! Nearing the time of sale, they ought to be readied such that the property passes most effectively and efficiently at the time of sale with the least bit of inconvenience to either side. Where it’s an apartment in a complex or a plot of land out of a bigger parcel, title deeds, divisional documents, and No-objection certificates too ought to be procured.

    2. Get all the ownership-related matters clear, including mortgages

A house that has multiple owners may lead to a legal tangle either immediate or in time. To avoid the same, legal recourse should be taken right at the time of proposing the sale by taking every stakeholder’s consent in writing for the sale. It could also mean getting ‘Power of Attorneys’ in place to execute the same. Mortgages too are a regular occurrence these days which ought to be accounted for at the time of contemplating a sale. They should either be settled with the financing body, or its status informed to the likely new buyer for the best possible deal with the least possible trauma.

    3. Get all the tax-related matters out of the way

Property and houses are tax-earning sources for authorities, be they in villages or cities with property tax being its most usual form. These besides, homes in urban clusters may have their own share of taxes, levies, and cess which may have to be accounted for before a sale takes place. For this reason, it makes immense sense to set right all matters relating to tax, cess, and fee with all the authorities within whose jurisdiction the property is situated. Getting a document to this effect, as a NOC helps.

    4. Get all the utility-related issues out of the way

Practically all homes have utilities including gas, electricity, water, and sewage services which in most cases have to be paid for by the owner of the property. Any property sales that do not consider these services may put the buyer in deep trouble. For this reason, utility services’ outstanding should be cleared and documentary proof of the same taken at the opportune time.

    5. Things that are part of the property, be it the structure, utilities or peripherals should either be in the right order or deviations mentioned clearly to a prospective buyer

A house is a physical structure whose dimensions ought to follow certain predefined guidelines set by the government, and which ought to be maintained at all times in order to keep the integrity of the structure. That said, deviations either by omission or by the commission are a reality one cannot wish away. The ideal situation to get the most out of a deal could then be to take positive steps to address such deviations which could include setting it right before a deal or informing the party of the same in ways that keep the spirit of the deal alive and intact.

    6. Do a reasonable up-keep of the above so that the sale fetches the highest value

Houses that are decrepit don’t fetch their full value for obvious reasons. That being the case, repairs could be undertaken depending upon the seller’s intentions, and the extent of damages and issues. Certain changes may have cosmetic value while others could affect the very structure of the house. Still, others may not affect value much but may end up making a home liveable (like a home with sewage choking-up issues). It finally boils down to individual conditions but if the need exists, it may have to be done.

    7. Advertise on all those venues where the target audience is most likely to see it, including social media

An immovable asset like a house gets its owner a hefty sum of money. Even the slightest cut may reduce the final price by an appreciable sum. For this reason, it makes sense to get the event to the attention of the largest number of people which these days one gets only through the digital domain of which social media is the best bet.

Houses in any part of the world could be of interest to people, and social media gives it the leverage to get it to the attention of the right set of buyers. For this reason, a seller ought to make a deep study of the likely audience (i.e., the most likely category of buyers) and where they may be found before deciding on a digital marketing strategy to attract them towards the deal. That said, the use of websites and brokers is also advisable. All these put together may get a house its most likely best price.

The post How to get your house ready for sale: Staging your House appeared first on Bhatnagars Real Estate.

Although your home search has been pushed back for a few months, the online availability of property information, the government’s decision to reducing GST, and reduction on the normal stamp duty on real estate have opened new avenues for home buyers.

Is this a good time to buy a property in India?

Some might argue whether one should invest in property in such uncertain times. Let’s see what the market trends say.

• Growing market demand

The growing urbanization and increased incomes in the past decade have been driving more investment in the real estate market making residential as well as commercial properties attractive investment options.

• Interesting opportunities

The real estate sector has well adapted to the demand and diverse interests of property buyers in India. Segments like affordable housing,  weekend homes, farmhouse concepts, warehousing, hospitality, and second home concepts have created wider opportunities making real estate a preferred investment.

• Government policies

The ambitious initiative of ‘housing for all by 2022’ launched in 2015 by the Government of India gave a much-needed boost to real estate. Further came another government policy in terms of RERA (Real Estate Regulatory Authority) in 2016 that brought more transparency and trust for the customers to invest.

All these factors contributed to the surge in the real estate market attracting over $2.6billion of cross-border investment. This made India rank 19^th out of 73 countries in 2017 for their cross-border investment in the respective property market.

What do the latest market statistics say?

According to the latest statistics by ibef.org property market in India has seen growth since 2015 and the predictions are that the trend will continue in 2021 as well with 11.5% CAGR. All the statistics and the latest trends highlight the current time as a great opportunity to buy property in India.

Where to start searching for buying property in India?

Location is among the major factors that decide whether the property is worth buying from the future perspective. Let’s see some of the best locations in India to invest in property.

Mumbai: The city of dreams, Mumbai has remained investors’ favorite when it comes to buying a property. As one of the fastest-growing cities in the world makes the city more worthy of investment. Moreover, localities such as Juhu, Bandra, Worli, and South Mumbai are regarded as the creamy area of Mumbai. Since these are expensive localities in terms of living one should be ready to spend from Rs 50000,000 to Rs 10,000,000 and above when considering buying a property in Mumbai

Navi Mumbai and Thane: Considering investing in properties nearby Mumbai? The city’s exceptional growth in the past decade has attracted more opportunities in nearby suburbs bringing locations like Navi Mumbai and Thane on the map of the buzzing property market. If you are dreaming of living in Mumbai with your family Navi Mumbai and Thane are the locations to find moderate homes in your budget.

Pune: What was once known as the pensioner’s paradise Pune has emerged as the IT, education and engineering hub of India, which has accelerated the development and infrastructure of the city. With builders now focusing on low-cost projects along with luxury properties, the real estate market in Pune has attractive investment opportunities as well as end-user properties. Locations such as Kharadi, Kalyani Nagar, Koregaon Park, Baner, and Hinjewadi in Pune have grown to some of the best real estate investment locations in India and are popular suburbs to buy in Pune’s close proximity to Mumbai,  with the 4 lane expressway. cheaper investment opportunities and great work-life balance make it India’s number second no. of place to be in. It was also voted one of the best city to live in in 2020.

Bangalore: The start-up capital also known as Silicon Valley of India Bangalore has affordable opportunities in real estate making it perfect for home buyers searching for properties for housing purposes.

However, the experts see this trend changing in the next 2-3 years. With the booming IT culture, several new infrastructures, and amenities such as Bangalore Metro new routes and housing projects in the Bangalore Airport area will be affecting the property prices in the city.

For housing purposes, one should think of buying a property now in Bangalore while for investors the time will soon come.

Buying property in India: Checklist

Once you have decided on a location based on your goal, budget, and other factors the property search begins. While you search for your dream home or perfect investment option keep in mind these points:

• Better connectivity to the workplace, school, hospitals, and other essential places
• Safe neighborhood
• Basic amenities and nearby markets
• Possibilities of further development

These are the essential points one should check while buying a property whether for housing or investment purpose. But with the surge of residential projects and new brand names entering the market how can you find the perfect property for yourself?

Let’s check out the easy steps to buy property in India.

Steps to buying a property in India:

• Plan for your future: Not only for present market value but also consider the future growth in terms of return on investment. Decide for what purpose you will be buying a property. End-user homes and investment homes will have different buying options.

Do you want your new asset to act as a side income? Are you planning on putting your property on rent? Will you consider reselling when the property rates increase or convert it into a family home? Answer to these questions will help you decide on the right type of house and locality to invest in.

• Choose the best locality: Once you have decided to invest in one of the best real estate locations in India the next step is to narrow your search to the best locality. Now, this could vary with your needs and preferences. If you don’t know where to start taking the help of our ‘Buying Property in India Checklist’ mentioned above that will help you find the right locality with ease. Remember in Real Estate Location matters!
• Search for a property: Once you have pinned 2-3 preferred localities next comes searching for properties within that vicinity. Now you can find properties through online portals, reputed broker websites, social media, newspapers, and by engaging the services of a trusted real estate agent.
• Hire a real estate agent: Hiring a real estate agent will make your property search a lot easier. Experienced realtors through their industry connections get access to the properties listed by other agents. Moreover, their updated knowledge of properties in the market, current trends, locality trends, latest laws and regulations and experience will come in handy during the process of buying a property i.e., documentation, signing contracts, and agreements.

Legal aspects: Final steps before you buy a property

After going through the hustle of finding the perfect location and localities, searching, and visiting several properties, holding a tough negotiation, finding the right property that fits your budget, needs, and preferences is pure joy. However, the next step, that is the legal aspect is equally important.

Your realtor or property advisor will assist you in the final step of collecting required documents, creating agreements and contracts to protect you. However, it is prudent to engage the services of a reputed lawyer who will ensure that the property has a clear, free from encumbrances, marketable title.

Finally, welcome home!

Once you have settled the legal aspects and streamlined the loan and payment procedure, signed sealed and registered your sale deed,  now the time comes when you can let the joy of finding the perfect home for your needs and dreams settle.

Now might be the time to get your imagination wild and start thinking of interior and other changes to mould your house into your dream home with your personal touch.

Happy house hunting!

Bhatnagars real estate offers an end-to-end solution in property hunting. Do call us for  your real estate requirements.

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Renting Vs. Buying A Home: Which Is Right For You?

Differences between renting vs. buying

Renting vs. buying a home isn’t a matter of ownership. Here are other key differences between the two options.

• Buying a house can build equity

Homebuyers can capitalize on the equity their home accumulates over time. That means if the home’s value goes up, you’ll cash in on the higher value when you sell. Plus, with a fixed-rate mortgage, you won’t have to worry about rising rents.

“Interest rates are so low now,” Hopson says. “That means borrowing money is very inexpensive today. In Dallas, where rents are high, it can almost be as affordable to purchase as to rent in many parts of the city. If you can qualify for a home and build some equity that ultimately makes more sense than renting.”

• Tax implications

Another factor for buyers to consider is whether you will be able to deduct the mortgage interest at tax time. Tax laws allow those who itemize their taxes to write off their mortgage interest payments. However, not everyone is eligible to itemize deductions, and changes to the tax laws  means that more people won’t be able to deduct as much of their mortgage interest and property taxes as they used to.

• Home maintenance costs

Homes need repairs and maintenance over time, and when you’re renting, those costs are generally the landlord’s responsibility. For instance, in an apartment, if the HVAC system or refrigerator breaks, the landlord has to fix it. On the other hand, as a homeowner, you’ll be on the hook for those repairs and ongoing seasonal maintenance, and they can add up fast.

• Want flexibility? Rent

If you’re moving to an unfamiliar city, have an unstable job situation or don’t know what neighborhood will feel like home, renting for a period of time can be a great option.

“During that rental period, people really get a sense for what they like or don’t like, and we can also start exploring different purchasing options during that time,”

• Consider your life stage and goals

While no one has a crystal ball, it’s important to evaluate your current life situation and how much it’s likely to change in the immediate future.

Clients who are going through life changes, like divorce or downsizing, to rent as a way to decompress before making a large purchase that may not be right for their new lifestyle.

For clients who have a changing personal situation, such as getting married or planning to have a child soon, we encourage them to look at properties they’re not going to outgrow quickly,” Another consideration: Can you afford a home that will fit your lifestyle in the next few years, or will a tight budget limit your options?

“It may be better to wait or rent for a little while until you can afford the home, you can live in for some time or grow into with their family,”

• Bottom line: Choose what’s right for you

It may be helpful to talk with a trusted real estate agent to help you think through the decision to rent vs. buy a home. Here’s a list of pros and cons to help you on your way.

Renting vs. Buying a House: Pros & Cons

Pros of buying:

1. “Average house prices have been consistently rising faster than the average income in most developed countries.”
2. “Buying a home provides you with certainty; there’s no risk that you’ll be displaced by a landlord.”
3. “Living in your own home also allows you the freedom to renovate and decorate your home as you please.”
4. “Greater privacy.”
5. “You may then be able to use the equity to fund an investment such as shares or a managed fund.”
6. “There’s pride in homeownership, which also closely ties you to your community.”
7. “Mortgage payments, in general, don’t vary that massively over the life of the loan, while rent payments keep going up.”

Cons of buying:

1. “When you buy you’re effectively leveraging your savings to invest in property. You could just as easily do this with shares or some other investment class. So when people tell you that it’s the only way to become financially independent, they’re wrong. Shares are normally a better long term investment than property, albeit with greater volatility.”
2. “Homeownership can be more expensive when you factor in rates, building insurance, cost of repairs, and strata fees. Maintenance on a property you own is as much “dead money” as rent. Council rates, water service rates, land tax, etc. – all equally “dead money”.”,
3. “People should put aside costs of about 1% a year of the capital value of the house to maintain it properly.”
4. “If you buy a house and pay it off over ten or twenty or longer years you still have to pay insurances, rates, bills, maintenance, fees, etc.. For as long as you live in that house.”
5. “When you buy a house (and if you are like me i.e. normal bloke with normal working wages and partner stays at home) then you go under this massive debt and next 15-20 years of your life is spent on thinking how to reduce this loan and all your efforts are spent on that. All our money is tied up paying the loan off.”

Pros of renting:

1. “With renting you have way more flexibility to move location, to walk away after a lease and to save for other assets.”
2. “Renting gives you an opportunity to live where you want without the major commitment that a purchase would entail.”
3. “Investing in index funds is much easier, safer, and cheaper than housing.”
4. “It’s less initially outlay, you have a greater choice to live in a nicer suburb (than if you bought), you have freedom, but at the end of the day, you have no asset. Yes, you can put your money into something else but the best you can get from a relatively safe asset (e.g. bonds is around 4% at the moment).”
5. “If you are renting and saving as you go along, you will be able to make decisions more wisely and perhaps have multiple sources of income rather than saying that this extra money that I have should go into my loan account.”
6. “Lifetime renting is the norm in many other parts of the world.”
7. “Can easily upgrade to a nicer place, downgrade to a smaller place, or readily change location.”

Cons of Renting:

1. “If history is a past indicator, the cost of renting will steadily increase over the years due to inflation and a rise in property prices.”
2. “To make renting more effective than buying you need to be investing the money in higher-yielding bonds/shares etc. rather a savings account.”
3. “In short, paying rent is dead money.”
4. “If you’re renting, but not investing the extra money that you otherwise would have put into a mortgage, then obviously you’ll end up with nothing.”
5. “Can’t modify the house too much (unless you have a decent Landlord).”
6. “Regular inspections.”
7. “A problem for retirees renting is that as their income dwindles – and many folks are worried they won’t have enough in retirement funds to continue their previous lifestyle – market rents tend to keep increasing with inflation.”

If you are looking for property for Rent or Buy in Pune just call BHATNAGARS. We are the top real estate agency in Pune.

We will be very happy to help you and assist you in your search. 
Feel free to call us, mail us

Charu:        +91-8055894455
Ajay:         +91-9370317908
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Monday to Friday- 9:00 AM TO 6: 30 PM
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Sunday:   By prior appointment ONLY

info@bhatnagars.co.in

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it’s important to plan towards this important purchase by taking the following steps to ensure you understand your financial position and borrowing power.

What Things to Do to Get Ready to Buy Home?

1. Review / Assess your financial position:

At the time of buying the house, we did not think about financial a situation happens in future. We exhausted all our savings for the down payment while buying the house. House is one of the biggest investments you make, but it may not always be the best investment. You need to assess this asset class on the metric of affordability and future serviceability of any loan you take. Here are few factors that should help you decide if you are ready.

Unlike financial assets that are liquid—you can redeem your mutual fund units and realize the money in a few days. Any financial plan starts with ensuring a solid emergency corpus that will take care of any unforeseen circumstances. One should ensure that they have at least 6-9 months of emergency funding in liquid options. Make a list of your expenses—both monthly and annual. Also, note down the near term (up to 3-5 years) goals and funds you need for these goals. Whether you can afford the loan or not is a serious question you need to ponder upon. Your current financial position without touching your emergency corpus or disturbing your other financial goals—short- and long-term—should allow you to make a decent down payment

2. Arrange finance and seek formal pre-approvals:

It’s not a formal or unconditional approval, a home loan pre-approval gives you an accurate idea of your borrowing power.

By knowing your price range, you can spend time looking at properties that you could realistically afford.

You’ll also have the confidence to make an offer on a property and have the upper hand in a highly competitive real estate market.

It’s often the buyer with a pre-approval that gazumps ill-prepared buyers because the vendor or seller has more confidence that the buyer is serious and ready to act.

In some cases, the vendor will even take the sales listing off and accept an offer below the asking price knowing they can make quicker sale than dealing with someone with no pre-approval. 

3. Understand the current market, what it’s likely to do, so you can make informed decisions:

When the local real estate market is on the verge of popping, many homebuyers and sellers can get wrapped up in the hype and throw caution to the wind. Understanding the market where they live or plan to buy can help them make an informed decision about when is the best time to purchase a home or sell the one they own.

While real estate agents can provide plenty of support and guidance, homebuyers and sellers can do a little research of their own to find out whether a local market is hot or cooling with rapid tepidness.

4. Call Us at BHATNAGARS REAL ESTATE, Pune’s most experienced REALTORS – +91 8055894455. / +91 20 26122293

How we help you be ready to buy a house?

1. We’ll answer any questions and guide you through the purchasing process.
2. Connect you with our recommended Loan Market Broker who will work with you to make sure you are in the best possible position to make an offer.
3. Give you an end to end solution with your property buying process

Related Blogs : 

1. FIRST TIME HOME BUYER YET CONFIDENT
2. BUY PROPERTY – NO FEAR!
3. WHAT ARE THE BENEFITS TO HIRE REAL ESTATE AGENT?
4. GAINING FROM REAL ESTATE

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