Moving to Pune? Know The Best Localities Suitable for Your Stay

Pune’s development is on a continuous rise and owing to the rapid infrastructure growth, a number of reputed companies are now setting up their base in Pune. This has led to thousands of professionals migrating to this beautiful city and starting a new life in Pune. A number of builders in Pune are now offering great opportunities for residents to enjoy premium lifestyles without creating a hole in their pockets. Real estate projects in Pune span a wide spectrum of options right from budget-friendly apartments to ultra-luxurious residences all across town. If you have recently planned to shift to Pune for better employment opportunities, we bring you a list of some of the best localities for your stay:

properties in pune

Kondhwa

Kondhwa is rapidly emerging as a new suburb of real estate development in Pune. It is fast emerging as a bustling location, attracting residential customers and businesses alike. Kondhwa is one of Pune’s newer well-planned areas and offers a perfect mix of restaurants, malls, educational institutes, business hubs, etc. Every facility here has been developed for a social and happy life. You can find a number of 1, 2, 3, 4 BHK flats in Kondhwa, Pune at affordable rates, making at an ideal location to start your life in Pune.

Sinhagad Road

An area witnessing immense development, Sinhagad Road is a great option for those looking for premium residences at affordable costs. The options of 1, 2, 3, 4 BHK flats in Sinhagad Road, Pune are endless, giving buyers a wonderful choice to pick their desired dream home. The key reasons for the growth of this area are its close proximity to Hinjewadi, Baner, and central Pune. The Mumbai-Bangalore highway is also easily accessible from Sinhagad Road, making it a prime destination for living in Pune.

Ambegaon

If you’re looking to settle amidst natural beauty while still giving preference to connectivity, nothing will beat the charm and growth prospects of Ambegaon. It’s close proximity to Katraj ensures you are surrounded by verdant green hills, beautiful lakes, and natural splendour all around. It is also connected to the Mumbai-Bangalore Bypass, business hubs and a number of leading educational institutes. Builders in Pune are offering amazing 1, 2, 3, 4 BHK flats in Ambegaon, Pune at reasonable rates, making it a great investment for the future.

Kalyani Nagar

Kalyani Nagar has emerged as one of the most premium locations in the city. It has some of the best IT parks, restaurants, malls and schools of the city. It’s close proximity to Koregaon Park ensures a lively and vibrant social life while the connectivity to Kharadi, Pune Airport, and Station make it a central location to stay in Pune. You can find a beautiful mix of 1, 2, 3, 4 BHK flats in Kalyani Nagar, Pune at various price ranges. If you’re looking for a premium lifestyle at an elegant project, this is the ideal address for you!

properties in pune

Hadapsar

Hadapsar has seen a drastic transformation in the last decade. Earlier known solely for farms, today, it is one of the most preferred locations for residential properties due to the IT and ITes hub in Hadapsar. A number of leading MNCs have set up their offices in Magarpatta and Fursungi IT Park, making it a preferred location if you work around here. You will also find a lot of recreational facilities in the neighbourhood due to a number of malls around. Take your pick from 1, 2, 3, 4 BHK flats in Hadapsar, Pune and get ready to enjoy life in multicolour!

properties in pune

Infrastructure in Pune is improving every day and the cost of living is still much better compared to its counterparts like Mumbai or Bangalore, making Pune an ideal city to relocate. If you’re settling here for good, consider real estate projects in Pune at these prime locations for a great present and a rewarding future!

The Top 5 Mistakes to Avoid While Buying a New Home

Buying a new home is your chance to finally fulfil the ultimate dream of home ownership. Along with being your sacred haven, a home is also a great investment for you and your family’s future. However, since the purchase is one of the biggest decisions you will make in your lifetime, there are many things that can go wrong, turning your dream into a nightmare. In order to be sure that you are on the right track, avoid the following 5 mistakes while buying a home:

1. Going Overboard On Your Budget

Many home buyers tend to go shopping for homes and start loving the additional features offered by real estate projects in Pune. However, it is important to have a set budget and try your best to stick to it. At the onset, it may not seem too much to stretch your budget a little to buy a home you really love. However, you must consider the possibility of a reduced income or other financial setbacks before you blow up your budget considerations.

properties in pune

2. Forgetting to Calculate the Added Costs

In the excitement to buy a new home, many customers forget to calculate the other overheads associated with owning an apartment in Pune. Right from home insurance, property taxes to monthly maintenance costs, there will be a lot of expenses coming your way when you buy a home. Don’t forget to calculate these expenses in your budget planning.

3. Opting for A Nominal Down Payment

Many builders in Pune will offer you a property at a minimal down payment. However, remember that if you pay a lower down payment, it translates into higher EMI, not to forget higher interest. Plus, if for any reason you need to sell the property at an early stage, you will have a lower equity in the property and thus, might end up with a non-profitable deal. It is best to pay as much down payment as you can to get lower EMIs and interest.

properties in pune

4. Buying Everything New to Match a New Home

Many people feel that when they buy a shiny new apartment in Pune, they must match it with a new car, new furniture or new electronics. However, buying a new home is going to affect your finances in a big way, so it is best to refrain from overspending at least for a few initial years. Start living in your new home and analyse the things you really need, save up and then buy them one by one.

5. Not Thinking About the Neighbourhood & Its Future

Many buyers are lured by real estate projects in Pune that are highly affordable. However, if you don’t consider the neighbourhood, you might be in for many unpleasant surprises down the road. It is important to analyse the location and ensure it has basic amenities like water, electricity and a strong infrastructure. Also, make sure the location has good future prospects in order to gain appreciation on your investment.

Buying a home can be stressful and overwhelming and it may come with its share of potential pitfalls. However, if you are well-informed about the possible issues, you can prevent costly mistakes and buy with confidence!

properties in pune

All You Wanted to Know About Built-up and Carpet Area Calculations

Are you shopping around for flats in Pune? You might come across thousands of real estate projects in Pune, making your decision a challenging one. While some builders might offer a flat of 1000 sq. ft. for 25 lakhs, the other might offer a property for the same amount but with a claim of a bigger area of 1200 sq. ft. As a buyer, you might think the larger area is the better deal, right? Don’t make your decision so fast. Area of a property might be one of the vaguest terms used by builders in Pune and many realtors are known to exploit this ambiguity to a high extent. While buying a house, you might hear the terms carpet area, built-up area and super built-up area and these terms might cause a lot of confusion.

properties in pune

Not knowing the right meaning of these terms will give developers a chance to take you for a ride and rip you off extra lakhs. Understanding these aspects of property calculations is not rocket science. Read on to know how areas are calculated in a home and how you can save your hard-earned money.

Carpet Area

Like the name suggests, carpet area that can be actually covered by a carpet in your home or the area without the thickness of inner walls. This is the real space you will have at your disposal in the home and focusing on the carpet area while buying will help you understand the usable area in different parts like bedroom, kitchen and living room. Many builders in Pune don’t even mention the carpet area at first. They might just talk about the built-up or the super built-up area. It’s important to clearly ask about the carpet area in order to understand the amount of space you will have inside your dream home.

properties in pune

Built-up Area

The built-up area is derived after adding the carpet and wall areas. This includes the area that is being occupied by the walls in your home, including the thickness of the inner wall units. This area is usually 20% of the built-up area and it changes the perspective of the home completely. Other areas like the dry balcony, flower beds, etc. constitute about 10% built-up, making the total of 30% and above. In most cases, builders offer a built-up area of 35-40%. So usually, the usable area in a home is just 60-65% of the area mentioned. So if a builder is offering 1200 sq. ft. built-up, remember that 40% of it might be unusable, so you will only get around 720 sq. ft. for usage.

Super Built-up Area

Also known as the saleable area, this is a favourite term of builders. This is calculated by adding the built-up area and the common areas like lifts, corridors, lobby and even amenities in some cases. This can be almost 25% more than the built-up area.

properties in pune

While selling real estate projects in Pune, many builders add 35-40% loading in the carpet area to derive the built-up area. So, if the carpet is 1000 sq. ft., the built-up can go up to 1400 sq. ft., causing you to spend an additional amount for the space that you won’t get to use. On the contrary, Mittal Builders charges only 30% loading in the carpet area for the built-up area. So in a 1000 sq. ft. carpet, the built-up goes to just 1300 sq. ft., saving you money for 100 sq. ft. As the company works with CREDAI association standards, customers can be assured of a transparent and honest deal.
Remember to always ask the builder for the exact calculations of the carpet, built-up and super built-up area before you book flats in Pune.