Real estate Updates

Before venturing into the real estate market or investing in a property, there are several real estate terms that are important to know. It will give a brief idea on how to approach investment in real estate with some fair knowledge on the sector. It has also proven to be useful in understanding the fluctuating market trends. Here are some of the frequently used real estate terms used across Indian real estate and what each term represents.

1. Carpet Area: Carpet area is the actual physical space which you can use in the house. To elaborate, the carpet area of a house is the space within it that does not cover the surface area of the inner walls. The space enclosed within the walls is used to measure the carpet area of a house. Also, when the carpet area of the entire house needs to be calculated, half of the terrace and balcony areas are considered for measurement.

2. Built-Up Area & Super Built-Up Area: Built-up area includes every space covered within the house, which includes, the carpet area, the thickness of the outer walls, inside walls and the balcony area as well. However, the terrace area is considered as half of the built-up area during calculation. Built-up area is the actual area of the house that comprises the inner walls as well as the outer walls. Sometimes it is even called as the plinth area and is just 10-20% more than the carpet area. On the other hand, super built-up area is 15 to 25 percent extra than the built-up and includes the usable areas like lobby, lifts, staircases, corridors, walkways, terraces and so forth.

3. Per Square Foot Rate: The actual value of the building is determined by using the per square foot rate on the super built-up area. Interestingly, this is why the super built-up area is often referred to as the saleable area.

4. Floor Space Index: The actual proportion between the built-up area and the available plot area allowed for sale by the Government for a particular location is known as the Floor Space Index or FSI. Higher the FSI, higher is the built-up area. Premium FSI means acquiring permission to develop extra floor space by paying a premium amount.

5. Credit Score: Generally used by money lenders especially banks, credit score is a statistically derived score of a person’s credit worthiness to know the likelihood of that person repaying his/her debts. It is based on the person’s past credit history.

6. License Agreement: An agreement entered into by the owner of the property giving permission to another person to use the property in question is known as the license agreement.

7. Refinancing: Restructuring of your home loan is called refinancing where you can replace your current home loan with an entirely new home loan with different interest rates and payment structures. The primary reason people refinance their home loan is to get a lower interest rate on the loan, and hence lower the monthly payment, i.e. EMI as well as the overall debt owed.

8. Pre-Approval Letter: Before buying a home, a pre-approval letter helps you determine how expensive a home you can purchase. The pre-approval letter is given by the bank and provides an estimate on how much loan the bank can lend that person.

9. Equity: Simply put, equity means ownership. So when you are a homeowner, equity refers to how much of your home you actually own, i.e. how much of the principal you have already paid off. The higher the equity, the more financial flexibility you have as you can refinance against the equity you have built already. To put it otherwise, equity is the difference between the market value of your home and the unpaid balance of your loan. If you have bought a 50 lac home, and you still owe 30 lac on it, you have 20 lac in equity.

10. Variable-Rate Loans: There are two types of loans that are handed out: fixed-rate and variable-rate loans. In a variable rate loan, the interest rate can change over the course of repayment of loan at five, ten, fifteen year intervals. There is always volatility involved in this type of home loan as the interest rate can suddenly skyrocket depending on market conditions.

As one of the best developers in the city, B.U.Bhandari Landmarks has been redefining real estate in Pune. A builder in Pune, the company is known for creating unique projects that provide a solution to modern day housing problems while remaining customer-centric.

Here are some of B.U.Bhandari’s upcoming projects across Pune that are the talk of the town:

Vaastu Viva in Wakad A smartly designed community with unique features like rooftop amenities, Vaastu Viva has some of the most plush 2BHK homes at Wakad in Pune. Apart from the comfort of a home, Vaastu Viva offers the convenience of modern day living. With recreational amenities sprawled on the rooftop as well as on the ground, you are spoilt for choice. So if you are seeking a smart life, Vaastu Viva is second to none.

Highlights: - Rooftop amenities like a jogging track, barbeque area, meditation and yoga deck & more - More amenities like a club house & party lawn, gymnasium, half basketball court & a lot more - Located in Pune’s most sought-after location

Vaarsa Highland - NA plots in Shirwal Vaarsa Highland is an N.A. plots scheme with a difference located in Ambarwadi. Located in the serene hills of Shirwal, it is located just 65 km from Pune and is perfect for anyone looking to build a second home or to make an investment that will appreciate well. The plan envisages several heritage based activities that will give the plot owners a sense of belonging, and also provide many interesting avenues for entertainment and relaxation. N.A.

Highlights: - Located in Shirwal, a location experiencing rapid growth - Secure compound wall for project - Clear demarcation and fencing for each plot - Internal roads with street lights - Internal development for Waterline

Vasant, residential apartments at Law College Road Located on Law College Road, Erandwane, Vasant exudes eminence and elegance at every corner. The homes at Vasant are aesthetically designed to evoke pure emotions and offer an unforgettable experience. So, get ready to become a proud owner of a home in the original hotbed of Pune.

Highlights: - A stunning and contemporary facade - Automatic lift with generator backup - Stainless steel garbage chute - Fire Fighting system - Rain water harvesting for top terrace - Internal Paved driveway & Parking - State-of-the-art security features - A superb location in the original heart of Pune

Congratulations! You are on your quest to buy your first home! It is the dream of many to move from renting a home to owning one. If you are apprehensive about taking the next big step, be assured that it is a step in the right direction for sure.

Owning a home always has distinct advantages over renting one. It adds to your financial portfolio and brings stability to your life.

Here we have listed out some reasons why owning a home is always better than renting one:

Owning a home

Renting a home

Real estate is almost always an appreciating asset no matter how slow the appreciation. Over a long-term, you could be the owner of a sought-after home what was once a pocket-friendly investment to you.

When you rent a home, you are paying off somebody’s home loan.

Repairs are a part and parcel of owning a home. The money you spend on maintenance and repairs in your own home is as good as an investment you make for comfortable living.

The maintenance you pay along with rent is just not worth it.

When you buy a home, the home loan EMI you pay could decrease with fluctuating interest rates. There are also many advantages with home loans like transfer within banks, pre-payment, foreclosure options and a lot more.

When you rent a home, you pay the same amount every month over 11 months. With the revision of rent agreement, the rent increases by around 10%. Imagine spending this money on your home loan instead.

Your home, your way.

As a tenant you face a number of restrictions within your home. You cannot control how long you want to live there and your privacy is not yours.

Even if the EMI you pay for your home loan is higher than your rent, the advantages of paying off your home loan always outweigh paying rent. Home loans are considered a form of saving that many financial gurus swear by.

Renting a home is considered an advantage only if your stay in the locality is temporary. Money spent on rent is money you may never recover.

A good investment should show steady appreciation while the burden of your home loan reduces over time. It could be difficult to see through the cloud now, but with time you will always realise the advantages of the investment you made.

Pune is one of the most popular investment destinations in the country, and it witnesses a high demand for property from NRIs and foreign nationals as well. However, as the central parts of Pune become saturated, it is the areas on the outskirts that are emerging as the new investment hotspots. Among these, Shirwal is a coveted investment destination with tremendous scope for growth.

Here’s what makes Shirwal the new affordable investment destination of Pune.

1. Location & connectivity: Situated on the banks of the river NIRA, Shirwal is a 45-minute drive from Pune on the six-lane National Highway, making it easily accessible from the city. The upcoming Mumbai-Bengaluru Industrial Corridor will further enhance its connectivity and propel its infrastructural growth. The four-lane Baramati-Lonand-Shirwal Road that connects the industrial area plays a key role in Shirwal’s growth story.

2. Infrastructure: Shirwal is equipped with sound social infra, including educational institutions, healthcare facilities, entertainment hubs, and other essential civic amenities. With excellent connectivity, essential lifestyle amenities and affordable prices, Shirwal makes for the ideal residential destination near Pune.

3. Industrial development: A mega food-processing park — the first of its kind — is going to be set up in Shirwal. The British government has announced that it will fund a major project in Shirwal, which has brought in many big investments here. Major industrial houses such as Kirloskar, Anchorlam, Godrej, Lawkim, PARI Robotics, Asian Paints, and many others, have set up their manufacturing base in Shirwal. The presence of these leading industrial names has boosted the real estate in Shirwal.

4. Wide range of projects: The tremendous industrial growth across the IT, automobile and pharmaceuticals sectors, has brought the country’s most reputed developers to Shirwal. Residential developments in proximity to the IT and business hubs have proven to be lucrative investment choices, and more and more professionals associated with the IT and industrial sector are choosing to invest in a home in Shirwal. Proximity to the workplace and affordable property prices has worked in favor of the real estate sector in Shirwal.

Pune is one of the most popular investment destinations in India, and the city witnesses a huge demand for property from people around the country as well as from NRIs and foreign nationals. The ideal weather, vast portfolio of investment options — from affordable housing to luxury residences, and the tremendous scope for growth owing to the booming IT sector are some of the reasons that keep Pune’s housing market going strong. Despite the slowdown that India’s real estate sector recently witnessed, Pune’s real estate market remained resilient because of the high demand from the IT/ITeS sectors.

If you’re looking to buy a home in Pune, here’s a guide to help you make the right choice.

1. Pune’s real estate market and what it has to offer: To begin with, newcomers and first-time investors must get a sense of what Pune’s real estate market has to offer. From 1 & 2 BHK homes in the affordable housing segment to luxury apartments and villas, Pune’s real estate portfolio in the residential segment is a fairly versatile one. Typically, Pune witnesses the highest demand for ready-to-move-in properties or properties that are almost ready for possession.

2. Pune’s micro-markets that are ideal for investment: Pune is dotted with many residential micro-markets that suit varied preferences and budgets. Some of these micro-markets or localities are especially suited to newcomers and first-time investors in the city. Koregaon Park and Central Pune are known for their sound infrastructure, many schools, hospital and entertainment options. Hinjewadi and Magarpatta offer excellent connectivity to the IT hubs of Pune. Areas on the outskirts of Pune, like Wakad, Wagholi, Undri, and Talegaon are equipped with good infrastructure and offer projects at affordable prices with excellent scope for rental income and capital appreciation.

3. Understanding the purpose of your investment: How you go about choosing the right home in Pune largely depends on the purpose of your investment. At the outset, you will want to determine whether you’re buying a flat for residential purposes, rental purposes, resale or investment. For self-use or residential purposes, make sure to pick a good locality and project by a reputed developer that is equipped with the essential amenities. For rental or resale purposes, you will want to get a sense of the prevailing rental market and also ascertain the horizon for your investment.

Investing in NA plots is an economically better option than buying already constructed properties. That is because of the simple reason that land appreciates more than constructed properties, and you get better return on investment. However, purchasing plots involves more steps and precautions than purchasing pre-built houses. This article will throw light on the precautions you must consider before purchasing a residential plot in Pune.

Check if the property is on the builder’s name

The first thing to make sure is that the builder has legal rights to sell the land or not. A lot of builders either buy lands from previous owners or enter into a joint agreement with the owners to sell the land. Make sure you ask for the documents clearly showing that the builder has legal rights on the plot.

Check if the project is funded by a bank loan

A loan is a positive sign that the builder is more serious about the project and is not dependent fully on the advance money the home buyers. It shows that there is a cash flow dedicated for the project and also serves as a proof that the bank has done thorough verification from their side on the legalities.

Check the NA Status of the plot

Just a NA status does not mean that one can start using the plot for residential purpose. So you need to look for “NA — Residential” Plot. If the plot of land you are planning to buy is approved as “NA-Residential” that means it has been cleared to accommodate development for residential purposes.

Check the FSI of the plot

FSI or Floor Space Index simply means how much construction can be done on a piece of land and it depends on the location of the plot. FSI of 100% means you can use the whole area of the plot for construction while FSI of 50% means you can only use half of the plot area.

Check the reputation and portfolio of the builder

In order to judge the credibility of the builder go online or on the website of the builder and find out what are the other projects have been developed by them. Check all their projects or if they have done other similar projects in past.

Check the per annum maintenance

After the purchase of the plot is over, you need to pay an annual maintenance which for maintaining the basic amenities like security, upkeep, gardens, water & electricity supply, etc. This maintenance is generally proportional to the plot size. Get clear about the rates so that it isn’t a surprise for you later.

Check the arrangements for water and other basic amenities

Always enquire about the provisions for basic amenities like water, electricity, etc. Get clear about the arrangements so that you don’t have to face any major issues regarding amenities later.

Pune is one of the important cities in Maharashtra. It offers outstanding infrastructure and is known for quality education, ample job opportunities and high living standards. So it’s natural that people flock here from various parts of the country educational or professional reasons. Many of such people oftentimes spend a considerable amount of time living here or settle here for good. When people witness all of Pune’s wonderful offerings, it’s no wonder they fall in love with the city.

When it comes to options for investment, there is an array of options on offer. Due to the presence of prominent IT centers, Pune has seen a rapid real estate development — both residential and commercial — in the past few years. Compared to other cities, Pune has numerous housing options, from 1/2/3-BHKs to affordable/luxury housing. With major IT hubs being located here, the options for commercial spaces and business parks are also plentiful.

So, if you are an outsider and planning to buy a property in the city, here is a quick guide to keep in mind while investing:

· Understand your purpose of buying the property — for self-use, renting out, resale or investment.

· If you are planning to reside in the city, figure out your timeline and invest accordingly.

· If you are planning to shift later, check the existent rental market to ascertain your return on investment.

· If the property is for self-use, check if the infrastructure in the area — social and physical — meets your requirements.

· If you are opting for a loan to buy the property, check your home loan eligibility with banks before you make the down payment.

· To know more about the locality and for flexibility in buying and selling the property, always consult with a local property expert.

Which areas should newcomers look for while investing?

· Areas like Koregaon Park, Central Pune and Bibwewadi are good choices for newcomers to the city. These areas have fully-developed infrastructure, hospitals, schools and entertainment hubs which make properties here comparatively expensive.

· If you are looking to invest in an affordable property, Hinjewadi, Hadapsar and Magarpatta are apt as they are in close proximity to IT hubs and other companies.

· Suburbs of Pune, like Wagholi, Ravet, Undri, Talegaon, and Wakad are good areas for investment.

The Indian real estate market has seen many changes in the past year or so with the introduction of Real Estate Regulatory Authority (RERA). With an authority in place, real estate developers have to adhere to RERA’s rules and regulations and abide by its policies to get permission for any construction related activity. However, this has not stopped developers from innovating and creating landmarks across the country. Without compromising on quality and abiding by the law are only some of the traits that make for a good real estate developer.

If you’re house-hunting and are looking to narrow down on a project and developer that you like, make sure he understands your requirements and keeps his word by maintaining transparency in the entire process just like B.U. Bhandari Landmarks — creating top-of-the-line properties in Pune.

So, what are these 5 traits of a good real estate developer? Let’s find out.

1. Risk-Taker

Taking risks when it comes to design and innovation is one of the most important qualities or traits of a great real estate developer. Where many succumb to the fear of the unknown, a good real estate developer is not afraid to try something new. Whether it’s a new idea, creating a whole new team to implement the idea or managing every Government policy without getting frazzled — a good developer is always up for it.

2. Skilled Negotiator

A lot takes place between the developer and the client when it comes to a home-buying transaction. With many parties being involved, a good real estate developer ensures that he adheres to all the terms and conditions without compromising on the essentials.

3. Solution-Oriented

There are a lot of things that could go wrong before, during, and after the construction phase. A good real estate developer is always prepared for the worst. While his team begins to panic, he is the one who stands strong and finds solutions instead of harping on the problem. They don’t let any setbacks bog them down.

4. Maintains Good Relationships

In the world of real estate, success is measured in terms of the relationships you have built and maintained over the years. Building a brand from scratch takes a lot of effort and time. A good real estate developer understands this and ensures that he doesn’t let his team go. They also have to maintain a good relationship with contractors, engineers, bankers, attorneys, tenants, architects, brokers, and others.

5. Customer-First Approach

Probably the most important traits and attributes of a good real estate developer — understanding customer wants, needs and demands, prioritizing them and delivering on their promise. A good real estate developer understands that buying a home is a huge deal for most home buyers and without compromising on their ideals and principles, they set out to arrive at a point which is a win-win for both the customer and the developer.

Buying a home is one of the most important decisions of your life, and so is getting the right loan for it. In case of a home loan, you will be repaying it for at least 10–20 years, depending on the loan amount. So you have to make sure that you get the best home loan for a hassle-free experience. Here are a 5 important tips that will definitely help you in getting one.

Interest rates: This is one of the most basic things you must consider while taking a home loan. See which bank offers the lowest rate of interest on home loans. Having said that, remember, rate of interest should never be the sole deciding factor in a home loan.

Type of interest: Most of the homebuyers are confused if they should opt for a fixed rate of interest or floating rate of interest. Let us simplify it for you. A fixed rate of interest on a loan would mean that the equated monthly instalments or EMIs would remain constant over the tenure of the loan. In case of floating interest rates, the EMIs would fluctuate as per the market dynamics. If you have fixed budgets and need complete clarity on the EMIs you will have to pay, go for a fixed rate of interest. However, fixed rate of interest is mostly on the higher side, and nowadays, home loans with floating rate of interest have become more economical.

Down Payment: Before you take a home loan, make sure you have saved enough to make a good downpayment. Paying a higher down payment will qualify you for better interest rates and will make it easy to get a home loan as you will be considered as a less risky customer. In addition, you will cut down on your EMIs as well.

Consider the service aspect: As mentioned before, a home loan is a long-term affair. You won’t want to deal with a lender who will has a bad repute at providing a good post-sales service. There are a million things you will need from the lender even after your loan is disbursed. You will need services such as tax certificates, provisional amortisation, list of documents, part closure services, reduction in the tenure/EMI upon partial repayment, etc. Make sure you check the past record of the lender and only then zero-in on one.

Compare: The final step is to compare at least 4–5 lenders, and analyse them based on their service, past record, interest rate, maximum tenure offered, long term benefits, terms and conditions, etc.

In the world of real estate, going green is not just the latest norm, but also the need of the hour. With the recent ban on plastic, and more such environment-conscious measures in tow, it’s only obvious that you do your part as a home owner. Start by making simple tweaks in your house to make it more environmentally pleasant, and make way for a greener, more sustainable future for the generations to come. Here are five such ways you can do it:

#1: Install house plants wherever possible

Starting with the most obvious, installing house plants does more than just enrich your living space. Certain house plants purify the air you breathe, reduce pollutants, and evoke a positive mindset in the family members. Needless to say, they make your corners, tables, and side stands look all the more beautiful!

#2: Collect rainwater to water plants

Don’t let the rainy season go astray! Collect as much rainwater as you can, and use it to water the plants on your terrace and in the house. This way, you do your bit in conserving water, and use it optimally. Simply install a few containers or buckets in all open spaces so that each time it rains, you have enough water to keep your plants fed for days.

#3: Leave your shoes at the door

Did you know, each time you step into the house wearing shoes from outside, you’re also carrying in the pollutants and toxins? You might have seen why many families keep a shoe stand right outside their entrance. This is to prevent guests and themselves from inviting the allergens those shoes might have picked up in the outside environment.

#4: Switch to LED/CFL lights

One of the most efficient ways to contribute to the environment and save energy is to switch from ordinary tube lights and bulbs to LED or CFL lights. They not only consume less energy, but brighten up your living space just as much. What’s more, they last at least 10–25 times longer than your usual lights, thus, making them a better alternative to lighting by all means.

#5: Use energy-efficient appliances

Following up on #4, using energy-efficient appliances such as refrigerators, microwaves, blenders, and mixers means saving more energy, reducing your electricity bill, and longevity. Note that some energy-efficient appliances may cost you a little more at first, but they more than make up for it with reduced bills over time.

At Vaastu Viva, our aim is to provide a greener lifestyle to you, both in terms of the interiors as well as the exteriors. If you’re looking for 2 BHK flats in Wakad, check out Vaastu Viva’s smart homes that come with the promise of a sustainable lifestyle that, in no way, compromises with the conveniences of modern living.

“There have been few things in my life which have had a more genial effect on my mind than the possession of a piece of land.” Harriet Martineau

Owning the right piece of land provides a sense of stability to landowners when purchased at the right price. There is no doubt that owning a piece of land provides you with a great sense of satisfaction. If you’ve overlooked investment in NA plots as a viable opportunity in the past, take a few minutes to know about the myriad benefits of investing in NA plots.

Here are 5 rock-solid reasons why investment in NA plots is a smart move:

Affordability: Buying plots are cheaper than purchasing residential properties. Property tax on plots is also lower in comparison to tax on homes. Also, there is minimum maintenance cost involved which in-turn leads to cost savings.

Appreciating Value: When you purchase a piece of land located on the outskirts or in the vicinity of an upcoming business district, the plots can be purchased at relatively cheaper rates. A plot of land in a decent location can appreciate over 8 times in value over a couple of years.

Simple & Transparent: Buying land is simpler and quicker than buying property. While buying a piece of land there are hardly any complicated concepts that first-time buyers need to understand. The only thing to consider before buying a plot is to assess the appreciation value of the land.

Flexibility: When you own a piece of land, you get the added benefit of constructing the development that suits your requirement and budget. For instance, you can’t increase the number of rooms in a flat but you have the complete freedom of constructing the home of your liking in case of land.

Delay-proof: Buying a plot is hassle-free and the process is completed faster than while buying flats. Besides, as a buyer you have no financial obligations once the payment is made.

If you are looking for residential plots around Pune then B.U. Bhandari Landmarks’ Vaarsa Highland in Shirwal is the perfect investment opportunity for plot buyers with varied budgets. The emerging MIDC is playing a vital role in the location becoming the fastest-developing zone in the vicinity. Nestled between the hills in Ambarwadi, Shirwal the NA plot project is just 65 kms. from Pune. Vaarsa Highland provides residential lands for sale with amenities like car parking, 24 X 7 security, children’s play area, landscaped gardens and many more, that ensure a high quality of living.

Pick up any list of “top places to invest in Pune”, and you’ll see Wakad sitting right up there. The micro-market that was once just an ordinary locale in the western corridor of Pune, has transformed into one of Pune’s most well-developed and fastest growing suburbs. A heady mix of residential spaces and commercial complexes, Wakad provides all conveniences that today’s discerning consumer aspires for. If you’re on the hunt for 1 BHK or 2 BHK flats in Wakad, there couldn’t be a better time to do so. Let’s look at the reasons why:

#1: A steady price appreciation

Development in Wakad is only on the rise, leading to a steady property rate appreciation in the location. Whether it’s numerous residential projects by reputed developers in the pipeline, or the emergence of malls and other commercial complexes, Wakad is touted as one of the safest locations in Pune to bet your money on.

#2: Thriving infrastructure

Wakad’s proximity to Rajiv Gandhi Infotech Park is one of the key reasons why investors consider it a hotbed. Other factors like the proposed 170-km long Ring Road and Pune Metro are sure to play a key role in its infrastructural growth. Needless to say, now is the best time to invest, if you wish to enjoy attractive ROI in the near future.

#3: Excellent connectivity

As mentioned before, the proposed Ring Road and the upcoming Pune metro notwithstanding, Wakad already enjoys excellent connectivity to other key areas of Pune city such as Aundh, Baner, Shivaji Nahar, etc. Add to it the proximity to NH-4 and the Mumbai-Pune Expressway, and you have the perfect combination of inter-city and intra-city travels.

Apart from the above three factors, Wakad also has an array of residential properties to pick from, across budgets. However, if you’re particularly looking for a 2 BHK apartment in Wakad, look no further than B.U. Bhandari Landmarks’ Vaastu Viva. Featuring smart homes in a smarter location, this residential development offers conveniences of modern day living that few others do.

Explore Vaastu Viva here

Vasant by B. U. Bhandari Landmarks - 

1 & 2 BHK Flats@ Law College Road, Erandwana.

Explore more at: 

Pune has been a hotbed for real estate investment for quite some time now. With the presence of some of the country’s biggest IT hubs, followed by the reformation of RERA (Real Estate Regulation Act, 2016), the realty market in Pune has witnessed its fair share of crests and troughs over the past couple of years. Despite the governmental reforms, Pune has witnessed an influx of high-end infrastructure and an array of residential and commercial projects. Blame it on the great weather or the awesome potential for a great ROI; the fact remains the same. Pune is one of the few cities in India that promises an enviable return on your real estate investment.

That said, whether you’re a first-time realty investor or looking to expand your investment horizons, here are three things to take into account before you dive deep into the realty market of Pune:

#1: Budget options

Pune is one of the few cities that offers investment opportunities for every budget segment. From affordable to luxury and even ultra-luxury, there’s something for everyone. Where areas like Dhanori and Undri offer affordable residential properties, Baner, Hinjewadi and Kharadi, have a fleet of properties that cater to the upper-crest segment. So, whatever your budget may be, make sure to study the markets according to their demand, and bet your money accordingly.

#2: Location and connectivity

It’s a different thing altogether if you’re investing in a Tier-II city that has its basic day-to-day access opportunities sorted. However, in a city like Pune, connectivity and ease of access can make or break a location. Pune is segregated into areas where each one of them has a different role to play.

For instance, if you prioritise IT companies, Hinjewadi and Kharadi are your best bet. However, if your priority is greenery and infrastructure, Kharadi and Undri, Wakad, Baner have an array of investment options. All in all, remember to research locations based on what you prefer — commuting with ease, excellent infrastructure, or both.

#3: Consumer priorities

That Pune has a property for every kind of investor has long been established. To cater to the new generation of homebuyers, Pune’s realty developers are coming up with modern facilities for every kind of homebuyer. Research more about what kind of facilities you’re looking for; from home automation to furnishing, high-end amenities to safety and security, properties in Pune have a host of amenities for every kind of buyer. Prioritise your requirements, and park your money accordingly.

When it comes to investing in real estate, Pune features among the top three cities for buyers to bet their money on. Whatever your wish list is, there’s an option for every kind of buyer out there. Make sure to do your research, and invest in the best one available.

Who wouldn’t want to live a convenient lifestyle surrounded by world-class amenities? A dream home is one where you get the best of quality living with all the luxuries, conveniences and comforts that are unparalleled.

Here are a few major amenities that you must have in your dream home:

• Rooftop amenities: Rooftop is the hottest place in your dream home for your amenities to be. These versatile spaces are hitting the property market as the most coveted zone for your lifestyle needs. Many benefits intensify the experience of indulging in rooftop amenities. Take a look at the advantages of having such amenities rooftop:

Seating area & open-air lounge: While relaxing or having a get-together, the residents can enjoy their privacy al fresco and enjoy a panoramic view of the city skyline.

Jogging track, meditation & yoga track: Exercising on the open top lets you breathe fresh air that keeps you in a good mood throughout the day.

Children’s play area: Having a rooftop play area for your little ones always keep them safe and you relieved.

• Ground amenities: The traditional ground amenities comes with its advantages and conveniences. The biggest of all is, you get a larger area as compared to the rooftop. Take a look at the benefits of having ground amenities:

Gymnasium: In the hectic modern lifestyle, fitness is overlooked mostly due to lack of gyms. Having a fully equipped gym in the vicinity solves this problem by providing a convenient work out option right at your doorstep.

Sports facilities: A dedicated sports zone requires a larger space for games like cricket, basketball and many more to take place. Therefore, having a sports zone in your ground amenities is a cherry on the top.

Many real estate developers are creating a blend of rooftop and ground amenities in Pune. If you are someone who is looking for their dream home and intrigued by such a unique blend of lifestyle needs, take a look at Vaastu Viva by B U Bhandari Landmarks. The project is adorned with a plethora of comfortable rooftop and ground amenities. Vaastu Viva offers spacious 2 BHK homes, located in Wakad, Pune.

If you are interested to know more, Enquire now

The project has been registered via MahaRERA registration number: P52100004635 and is available on the websitehttps://maharera.mahaonline.gov.in under registered projects.

2017 was a year of real estate disruption and restructuring. Various new developments led to 2018 becoming a year of possibilities — a year of positive transformation.

Government initiatives like Demonetisation, RERA and GST had a major role to play.

Though it initially brought the real estate market down in 2017, these reforms put together are expected to bring the industry back to life this year, 2018.

The face of real estate is about to change and the transformations indicate that:

∙ 2018 is also set to be the year of affordable housing as the Government introduced PMAY scheme.

∙ Real estate will be more consolidated and transparent

∙ Buyers can enjoy good deals on homes

∙ SEBI has given its approval for the Real Estate Investment Trust (REIT) platform which will help in allowing all kinds of investors to invest in the Indian real estate market to eventually help win back the confidence of global investors

(source: https://www.ibef.org/industry/real-estate-india.aspx)

∙ Indian real estate industry’s contribution is expected to be 13% of GDP by 2025

∙ The Maharashtra Government has decided not to change the Reckoner Rate in 2018. This is expected to boost market sentiment and attract investors & developers.

Though it is tough to predict exponential appreciation in property rates in the near future, real estate prices will remain stable this year. This makes for an opportune period to invest in property. Put your money in the right place at the right time and watch your future flourish.

If you’re looking to buy residential property in Pune this year, Vaastu Viva project located near Hinjewadi IT hub, Pune is ideal for you. To know more, explore the project (here).

Disclaimer: This Perspective image may not be to the scale or may not represent actual facade/elevation. The details of windows, paints, elevation features, landscaping, ground development,trees etc. in the perspective is an artist’s impression and would be different to actual construction of building and development. The viewer’s affirm that he/she has not taken his/her decision of purchase /booking by viewing this perspective. The company is not responsible for the action of the viewer’s booking / purchasing a unit relying on this perspective.

Vaastu Viva ABCD — The project has been registered via MahaRERA registration number: P52100004635 and is available on the website https://maharera.mahaonline.gov.in under registered projects.

Project by B U Bhandari Vaastu Viva

What is RERA?

RERA or the Real Estate (Regulation and Development) Act, 2016, is a regulator that intends to protect the interests of home buyers and enhance transparency in the real estate sector.

It was enacted on 26th March 2016 and its provisions came into effect from 1st May 2017. Developers falling under its ambit are required to register their projects under the Act. Similarly real estate agents who sell the properties are also required to duly register themselves with RERA.

Registration:

RERA has made it mandatory for all real estate projects (where the land is over 500 square metres or more than eight apartments), to register with the Real Estate Regulatory Authority (RERA) for launching a project. This was done in order to provide transparency in marketing and execution.

RERA registration number:

Mentioning the RERA registration number including RERA website in all communication is mandatory — across all marketing and communication collaterals.

Carpet area:

Prices of homes are to be calculated on the carpet area and not on the built-up area.

Buyer’s consent:

Once the property is sold in RERA registered project, the developer can make changes to the plan with 2/3rd buyer’s consent.

Warranty:

Home buyers are eligible for a warranty of up to 5 years on their purchases. In case of any deficit or defect in the project, the buyer can contact the developer for after-sales service.

Grievance redressal:

RERA has a grievance redressal system in place wherein it levies penalties on the party proven guilty.

With the implementation of RERA, specialised forums such as the State Real Estate Regulatory Authority and the Real Estate Appellate Tribunal were established for resolution of disputes associated with home buying. RERA lays the path for fast-tracking dispute resolution.

Conciliation Forum:

Additionally, with regards to above objective it was proposed to establish MahaRERA Conciliation and Dispute Resolution Forum that shall facilitate resolution of disputes amicably, thereby saving cost and time of litigation to parties and State, promoting greater public satisfaction with legal system and dispute resolution.

India Real Estate:

India Real Estate is a recent half-yearly report released by Knight Frank India. On 10th January 2018, it credited the government of Maharashtra for proactively implementing RERA with great dedication. As per the report, effective implementation of RERA coupled with falling real estate prices led to a 19%* increase in residential sales in the Mumbai Metropolitan Region (MMR) between July and December 2017. During the same period in 2016, it experienced demonetisation.