Buying Apartments in Pune Made Easy with These 5 tips
Over the years the city of Pune has evolved from being known as a ‘Pensioner’s Paradise’ to being regarded as ‘the Oxford of the East’ and now known as one of the top IT hubs of India closely after Bangalore. All these factors have resulted in making Pune a popular choice for individuals as well as families to invest in a property in Pune and make this city their home sweet home. If you too are planning to do the same, then this post provides you with some helpful insights on how to buy apartments and flats in Pune:
Whether it is for education or employment, the city of Pune has opportunities for everyone that steps into this town. Being located at a distance of just 200 kilometres from Mumbai and coupled with a pleasant climate all year round, the city of Pune has a lot to offer to the people. It’s no surprise that professionals, as well as entrepreneurs, are desirous of investing in properties in Pune, especially apartments.  Over the years, this increase in demand has led to the increase in builders and developers offering world-class apartments in the city with the latest amenities and promise of high returns. But how do you buy the right apartment; whether for investing or living yourself? Let’s find out with the help of below-mentioned pointers:
1. Set your Priorities and Requirements Straight
With the rising prices of properties in Pune, not always will you be able to afford to buy a second home especially if you are a salaried professional. Considering this, you should be crystal clear of what your priorities and requirements are. If you intend to make Pune your home, get married and settle down in Pune, then you must buy an apartment which not only suits your current needs but also takes into account your future needs like separate bedrooms or play area for your kids, etc.
2. Location Matters
Another crucial aspect which needs a lot of thinking is the location or the area(s), which will be perfect for you. While considering this aspect, one thing which you must take into account is the area of locality in which you will be working. For instance, many software companies are located either at Hinjewadi or Kharadi. Hence, it will be wise to consider apartments in Pune in areas neighbouring these locations to reduce your commuting time considerably.
3. Know your Builder
Relocating and making another city your home has its own set of challenges. While considering different projects which suit your requirements, you should also pay attention, research, and go for a trusted and reliable builder or developer. When you are putting all your hard earned money in buying an apartment, then it is your duty to make sure that the builder has a strong reputation and goodwill.
4. Scrutinise the Designs and the Layouts
When you decide to look for a particular project, make sure that you do two things, firstly, visit the actual site of the plan and secondly, check the layout and other site plans and confirm whether the actual site is also being developed on similar lines. After all, you don’t want a situation wherein you sign up something and get something else in return. So beware and be alert.
5. Clear and Transparent Documentation and Dealings
While looking out for properties in and around Pune make it a point to scrutinise all the documents about the property carefully. All the transactions like your agreement to sell; sale deed etc. should be explicitly worded. Check for any hidden costs, charges etc. If you think you are unable to comprehend the legal jargons, then consult an advocate. It is worth all that effort. Also, make sure that any payment which you make towards the property is paid either by cheque or DD or any other way excluding cash. It will help you in maintaining records of the payment you have done.
The list of points to check while purchasing an apartment in Pune is endless. Keep a note of these pointers the next time you go out to hunt for apartments and properties in the city.
