flat in pune

6 Questions to Ask When Looking for A Potential Home

With a new advertisement coming up every other day with lots of properties for sale, most home seekers are tempted to inquire and go ahead with buying their dream home. However, investing in real estate is like going through a dark tunnel, you are promised light at the end of it, but you don’t know the scenario outside. Taking such a big leap with your hard-earned money is a tough decision to make.

Whether you are a first time home buyer, a businessman looking to invest your cash, or a real estate professional who has thorough knowledge in the business, home purchases are always subject to external factors and changes that occur in the market scenarios at any given point in time. That’s why it’s important to ask the right questions before you finalize your dream home.

1. Can you afford the EMI?

Although it seems like a no-brainer, many homebuyers tend to bite off more than they can chew. Ideally, your EMI should be 40% of your household income, provided you don’t have any other loans. Plan your finances before you make the decision of buying. Ensure that you have a strong source of income which can take care of the EMIs and also have a safety fund for emergencies. Also, talk to banks and home loan providers to get a low-interest rate so that your investment becomes an asset and not a liability.

2. What are your current and future goals?

Since real estate is a big investment, you need to understand your short term and long term goals for the residential property. For instance, you need a home for a family of four, or you want a first home before you get married, or you want a home for your grandkids, etc. Once you know your goals, you can find the right property in Pune that aligns with your family’s evolving needs.

3. Does the location work for you?

Good location increases your appreciation of the property. Initially, you may be tempted to buy a reasonably low-cost property in a suburb or an under-developed area, but in the long run, it will always pay higher rewards if you choose a good location in terms of accessibility, growth prospects and convenience. Don’t just look for a location as per the real estate trends. Consider its proximity to your work, schools, entertainment, and more. Also, look at the rental rates in the area so if you have to put up your property on rent, you know that it will fetch a good monthly rent.

4. Have you done your research?

Study thoroughly about the market, the property and the builder. You need to do solid research before you buy your dream home. Check the current market trends, future predictions, property reviews, builder reputation, etc. to ensure that your home will be worth the money you are investing.

5. What about the extra costs?

Once you invest in a property, you have to take care of extra costs like maintenance, paying electricity bills, etc. You must have the financial stability to take care of these expenses along with any uninformed expenses that may come unexpectedly.

6. Will the builder deliver in time?

In recent times, this has become a major concern for most homebuyers. Make sure you buy from a trusted builder like Mittal Group to ensure that your home’s delivery is never delayed. Because if the possession isn’t on time, you can lose out on your tax benefits on home loans, too. Not to mention, you’ll have to pay EMI, rent, and deal with a lot of stress as well. Make sure the builder is reputed to deliver on time. Even then, factor in a few months’ delays in your plan before you book.

It can be an exciting phase when you start looking for your dream home. In order to ensure that it is a solid and smart investment for your future, asking the right questions make all the difference.

At Mittal Group, we answer all your queries and help you make the right choice based on your individual needs. Call us at today and let us find your dream home!

Mr. Milk Blog

Common Pitfalls of Buying a New Home and How to Avoid Them

Are you etting ready to buy your first home in Pune? Purchasing a new home can be exciting, exhausting, and overwhelming, too. You want a home that you love, at a price you can afford. However, big or small mistakes along the way can restrict the happiness from your dream home. The more you buy real estate, the more you learn. The confusing terminology, logistics, piles of documentation, etc. can make it scary for new home seekers. We bring you some common pitfalls to avoid so that you can skip the problems and simply enjoy your new home in Pune.

1. Not Getting Pre-Approved

The worst thing for a family is falling in love with a home that they can’t afford. That’s why it’s best to get a pre-approved loan. This way, you’ll know how much you can afford and what kind of monthly payments you’re looking at. Remember that even though a bank or financial institution might offer a higher amount of pre-approved loan, don’t go overboard with your budget. Be realistic of what you can afford and your future self will thank you!

2. Making a Small Down Payment

You might notice a lot of ads promoting 0% down payment in the city. While this seems like an exciting offer, it has its downfalls. Though it may be a good idea for certain homeowners, most millennial buyers regret not putting down enough payment. When you pay a bigger down payment, your monthly instalments are lowered. This gives you an opportunity to live a better lifestyle in your new home. If you want to buy a house in 2-3 years, start investing from today itself to save up substantially for the down payment.

3. Overlooking the Extra Costs

There’s a lot more involved in owning a house than the monthly payments. If you only calculate your EMIs, you’ll find it challenging to make your ends meet by the end of the month. Some common expenses you should save for include moving costs, loan fees, building maintenance, property tax, insurance, etc. Set aside some money to help you cope with the additional expenses that might arise during the home buying process.

4. Not Thinking About the Future

It’s impossible to predict the exact future of the neighbourhood, but you can make an informed decision to avoid regrets. Look at the development plans in the area to understand the appreciation of your property. Also, analyse the kind of traffic growth to ensure that your peace won’t get disturbed. Don’t forget to check about the rates of properties around and see if there’s been an increase or decline in the last few years.

5. Making Too Many Compromises

Sure, buying a home is synonymous with compromises for many. You may not get the space you want in a location you desire. Or you may not be able to afford a bungalow close to your work. However, when you’re buying a home, you don’t always have to compromise. Especially on the big things. For example, if you’re recently married and plan to have kids, consider buying a 2BHK rather than a 1BHK. After five years, it may not be possible to buy a bigger home again. Similarly, if you like lots of amenities, wait for a few months till you find a home that complements your lifestyle.

Buying a home can be stressful and overwhelming for most of us. And unfortunately, there are many pitfalls along the way. But being well-informed about potential issues can protect your family from costly mistakes. When you buy a home, make sure you choose a trusted builder in Pune who is RERA registered and offers a complete transparent deal. Since a home is one of the largest purchases you make in your lifetime, you should make sure that it brings you maximum happiness with minimum hassles.

Happy House Hunting!

Mittal Builders Blog

Important Neighbourhood Features When You Buy Flat in Pune for Family

While some areas are designed to be perfect for young professionals, others are more suited for families. If you’re starting a family, it may be time to evaluate family-friendly projects in Pune to ensure a safe and secure environment for your loved ones. Though earlier it may seem cool to stay in the bustling Koregaon Park with its close proximity to bars, restaurants and nightlife, priorities change once you have kids. You will now need a home close to schools, with minimum crime rates and a community living atmosphere. Read on to find the best properties in Pune for your family:

1. School Information

Normally, having a good school in the neighbourhood is one of the biggest factors in decision making for parents. You want a school with a modern and interactive learning environment for your little ones. If you like a particular area in Pune, make sure to check out the schools nearby and analyse whether they would be right for your children. Also, don’t just look for good schools, make sure they are open to having your kids in their next academic year. This will ensure that when you buy flat in Pune, your children have a chance to enjoy their childhood as well as get access to the best education in the city.

2.Crime Rates

Right from the time you become a parent, keeping your child safe becomes your No. 1 priority. Choose a neighbourhood carefully after analysing its crime rates and ensuring it is safe for your kids – during their childhood and in teenage. Visit the area at night and ensure there are ample of street lights, guards and safety around. Also, make sure to read about the area before you book your dream home. You can also talk to people living in the surrounding buildings to understand their comfort level with the safety of the neighbourhood. In modern times, you can also do a lot of online research to understand more about a locality and its crimes. If there are too many bachelors living nearby, it might be a red signal for the future.

3. A Strong Community Network

While you’d still want to hang out with your couple friends who don’t have kids yet, you will need some new experienced parent friends who can help out with baby queries. When looking at projects in Pune, check if there are families around, you see children playing on bikes, etc. This will help both you and your children make friends easily in your new home. Usually, children who have friends in the society to play with end up happy and healthy in the long term. Plus, it saves you a lot of time as you don’t need to send them out of the building all the time to make new friends. Similarly, they will always be safe when they are hanging out with friends within your own building.

4. Shortcuts for Drivers

With the outburst of cars and cabs in Pune, a number of drivers are now looking for alternate routes to reach their destination while avoiding traffic. When you go to look for an ideal neighbourhood, make sure to check whether drivers are using your home lanes as alternative routes. This can increase traffic in your area and cause trouble to kids who want to play outside. If you notice that many drivers are taking the building lanes as a shortcut, it may lead to major chaos in the future. Instead, look for the best properties in Pune that are located in a quiet neighbourhood away from the traffic. You should be able to find a balance between a home that’s connected to all your needs and yet, offers some peace and quiet for unwinding after a long day at work. None of us want to sleep with horns buzzing all around us, right?

5. Parks and Playgrounds

Check out the neighbourhood parks and playgrounds so that your kids can go outside and indulge in some outdoor activities. You can also arrange play dates with moms you meet there. Also, check if the best properties in Pune you have shortlisted offer a special children’s play area so that your kid always has a place to harness his energy. Having sports areas or tennis or badminton courts within the society or nearby can make a huge difference in the energy levels of your children. Not to mention, if your society has a swimming pool, it can be a wonderful way to utilize their energy and make them happier and stronger.

6. Access to Medical Care

This is an important factor to consider when you buy flat in Pune at any age. However, as a parent, it becomes even more crucial. Children are prone to getting hurt – on the playground, at home and even falling sick every now and then. If you have access to premium medical care close by, it will save a lot of traveling time. Plus, you can be assured that your child will also receive care urgently if required. This also helps if your parents are also living with you. Seniors might also need medical care frequently and having good hospitals or medical centres in the vicinity can make a huge difference in offering peace of mind and a healthy living experience.

It may seem daunting at first to find the right home for your family but following these simple tips will help you choose the perfect residence and neighbourhood for your loved ones. At Mittal Group, we offer some of the best properties in Pune for families. All our projects in Pune are equipped with state-of-the-art children’s play area, safety and security features and a prime neighbourhood. This makes it easier for you to commute to work and spend more time with your loved ones too! No matter what kind of home you’re seeking, Mittal Group offers everything under one roof.

5 Ways in Which Demonetization Has Positively Impacted the Real Estate Sector

It has been a month since our Prime Minister Shri Narendra Modi shocked the nation with the announcement of nullifying the currency notes of Rs. 500 and 1000 in India. While this move has received mixed reviews across the country, Real estate developments Pune have warmly welcomed this bold decision. In the long term, this move against black money will prove to a boon to real estate and a win-win situation for both, buyers and customers.

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Customers are even more delighted as demonetization will translate into a more transparent and organized home buying process, thus soothing the anxiety and stress associated with such a big investment. If you’re worried about demonetization and its impact on the real estate sector, we have some great news for you! The following are 5 ways in which this is a brilliant call for India’s realty market and its customers:
1. Affordable Home Loans
Due to demonetization, the flow of money has increased in the banks from small scale industries and organized sectors, leading to huge deposits. With the liquidity of money, banks will be able to offer home loans with lower interest rates. Buyers can expect a dip of 2-3%, thus making it easier to afford a home loan and its EMIs.
2. Projects in Full Swing/
Real estate projects in Pune will now get completed faster as the pending projects will get the desired funding from banks and financial institutions due to the increased cash flow. This will help customers move into their dream homes without much wait as delayed and held projects will now resume work.

flats in Pune.

3. Infrastructural Development
Due to the cash inflow to the government, there will be huge investments in the infrastructure of the country, thus enabling better connectivity to affordable housing projects in the outskirts of major cities. Since the government now has lakhs of crores, there will be a boost in funding infrastructure schemes.
4. More Buyers
Since fewer people were in the banking system before demonetization, there was a documented shortage of homes in India. However, now people will come into the mainstream economy and be eligible for home loans, thus increasing the number of buyers in the sector.
5. Transparent Process
A cashless economy will ensure a transparent and assured home buying process. Also, with the GST and RERA implementation, customers can buy their dream home without any anxiety or worries.
This is the perfect time to invest in real estate projects in Pune as you can get excellent returns on your investment. While an FD in a bank gives only 5-6% returns, buying a property can ensure long-term appreciation and will create a lifetime asset for your family. Make the most of this time to book your dream home in one of the leading real estate developments Pune and let demonetization work wonders for your future!

flats in Pune.

Interior Design Trends to Embrace in 2017

Real estate developers Pune are often looking at global design trends while designing their new buildings. Similarly, interior designers also prefer analysing world trends before they help customers create a striking home interior. If you have recently bought a 1 BHK flat in Pune or a 4 BHK flat in Pune, you must be considering your options for designing it in the best possible way. For those who already own furnished flats in Pune and want to redecorate, this is the perfect time to start your redesigning project. We bring you the top trends to look forward in 2017 and ways to incorporate them in your homes:
Let’s Add Some Warmth – Compared to the cool and simple white tones people used in their homes, warm materials like Terracotta will make their way in new-age residences. The natural matte finish will look great in bathrooms or for feature walls in the living room as it will give a unique character and warmth to your home.

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The Greener Side – Navy and midnight blues are now giving way to the dark green – a colour that will definitely uplift your home’s look and feel. You can opt for a dark green wall in the bedroom or choose furniture items of this colour to bring in some outdoors inside your home and make your homes feel naturally beautiful!

flats in Pune.

Rewind to Vintage Time – Many home owners are now bringing back vintage style with a modern touch. You can refurbish a classic chair, add a vintage cabinet in your bedroom or go for a light fixture that beautifully integrates classic and contemporary. The fusion of two eras will bring in an exciting contrast to your rooms.
Sleep in Style – Bedheads are making a great impression in modern interior trends. Renowned for hotel beds and celebrity homes, these bedheads are now making their way in many premium 4 BHK flats in Pune. Opt for a neutral colour bedhead in the master bedroom and add some extra glamour and elegance to your private space.

flats in Pune.

Your Escape Corner – As technology is invading a major part of our lives, many home owners are now looking for a nook and corner where they can be themselves and escape the wrath of technology. A place without any digital distraction, such corners can be adorned with relaxed furniture like floor rugs, a comfy chair, day beds, etc.

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A Jewel Toned Home – While the pastel shades of pink and blue have been a favourite for years, 2017 may welcome some jewel tones that are inspired by space, metal, clouds, stars and the cosmos. The sparkle will add a special romantic interest in the home and the dazzle will make coming home an extra special feeling.
Whether you’re looking to redo your furnished flats in Pune or want to spice up your new 4BHK flat in Pune with a stunning décor, these new interior design trends will definitely make your home stand out.
Happy Decorating!

Tips to Take Care of Your Home During the Rainy Season

As the showers of monsoon have started blessing Puneites, it has rescued us from the scorching heat of summers. However, while we thoroughly enjoy the monsoons, it isn’t a favourite season for flats in Pune.

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It is important to prepare our homes beforehand to avoid any damages inside or outside our beloved spaces. Along with showering joy, monsoons also bring along leaking walls, fungus on furniture or wet floors and a lot more troubles. We bring you some effective tips to maintain your home during monsoons:

flats in Pune.

1. Wooden Cupboards – You can put camphor in wooden shelves to reduce the moisture content and prevent your clothes from getting ruined. Keep cloves to prevent smell issues usually associated with damp clothes.
2. Wooden Doors & Windows – They tend to swell during the rainy season due to the excess moisture in the air. Try applying oil or wax to hardwood floors to protect it.
3. Carpets – If you love carpets around your home, this is the time when you need to say goodbye for a few months. Roll up your costly carpets and cover them with plastic sheets to protect them from moisture. You can use bamboo mats or acrylic carpets during this season as a temporary replacement.
4. Leather Sofas – If you proudly own a beautiful leather sofa, it must be cleaned regularly to prevent fungus from growing on it. Try not to keep potted plants indoors as it can increase the dampness in your home.
5. Electrical Wiring – Apartments in Pune are highly susceptible to electrical failures during the monsoons. Always check the electric supply before the rainy season and ensure all wires are properly insulated to prevent possible mishaps.
6. Painting – Check that exterior walls or plaster does not have any crack to make sure rain water does not seep into your home. Also, use weather proof paint for your home exteriors and apply a coat of waterproof or water-resistant product before you paint the internal walls. However, it is important to remember that you can’t renovate your home in the monsoons. Plan it before or after the season.

flats in Pune.

7. Drainage Systems – Get the drainage system checked and cleaned before the rains start pouring in. You can also have a rain gutter or harvesting system near your home to ensure rain water flows easily.
8. Bathroom Tiles & Grills – Check that all gaps in bathroom tiles are sealed and filled. Also, ensure that grills, iron frames, and metal doors are painted well to protect them from rust in this season.
9. Ventilation – Flats in Pune must be well-ventilated by fresh air as humid air can lead to dampness which can pose health hazards.
10. Pest Check-up – Make sure you get regular pest check-ups to ensure there is no termite growth in areas of water leakage or high humidity.
Though monsoons bring along a lot of happiness to us, our homes need extra protection to enjoy the season. These simple and effective tips ensure that every apartment in Pune is ready for the rains!

properties in pune

7 Bright & Colourful Diwali Decoration Ideas for your Home

Diwali is the most loved festival in India and all Pune properties look extremely bright and vibrant during this festival of lights. There are many ways in which you can glam up your home to make it look like the best flat in Pune during this festive season. Be it with diyas, lights, rangolis, flowers or torans, decorating your home will definitely lighten up your celebrations. It is said that Goddess Lakshmi enters homes that are clean and bright and blesses them with lots of prosperity and wealth. If you want to welcome the goddess at home, use the following ideas to make it shine the brightest this Diwali:

1. Diwali Diyas – The traditional diyas made of clay are a symbol of Diwali and your festivities will be incomplete without them. The charm of lighted diyas is enchanting in itself and can be further enhanced by painting them and placing them in all corners of your home. You can also bring an illusion of additional space and elevate your rooms with these diyas.

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2. Floral Diyas – To add some contemporary style to your home, place the diyas in a big bowl or plate filled with water and add lots of flowers or petals to decorate it. This will also add some soft fragrance in your home during Diwali time.

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3. Lanterns – It is always fun to buy beautiful lanterns to decorate the entrance of a home. If you want to look like the best flat in Pune during the festive season, opt for paper lanterns and put LED bulbs inside for a striking light. These lanterns will add grandeur to your home and also welcome guests during Diwali in an appealing way.

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4. Upholstery Change – You’d be surprised how changing just the upholstery around your home can make it ready for festivities. Opt for funky colour combinations, gold borders and silk fabrics to instantly elevate the look and feel of your furniture and homes.

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5. Candles – You can never go wrong with candles. Especially in the age where there are so many options available, you can buy a few scented and a pack of tea light candles to get your home lighted up for Diwali. The scented candles will also get you in the mood of festivities and freshen up your guests when they arrive. You can also decorate simple candles with flower petals, twigs, and cinnamon sticks to make it look gorgeous!

6. Rangoli – Colourful rangolis in front of everyone’s homes in Pune properties add extra joy to this auspicious occasion. You can even opt for flower rangolis for something unique and inviting this season. Place diyas in your rangoli to make it look even more beautiful and attractive during the evening time.

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7. Lighting – With china lights, it has become possible for every household to look like the best properties in Pune. Their affordability and variety make them an attractive option to decorate your home. You can put up serial lamps in balconies or add colourful bulbs that resemble a line of diyas on your walls.

properties in pune

Moving into Your New Home? Follow These Tips to Reduce Your Stress!

Congratulations! You have finally bought your dream apartment in Pune and are getting ready for your new life! Moving into a home can be challenging in many ways, but it doesn’t necessarily have to be a stress-fest. A fresh start of your life is surely super exciting and there are ways to ensure you don’t get overwhelmed with stress while doing so.

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If you are getting ready to box up your life and move, read these 7 tips to make life easier for you:

1. Organize Clutter

Being surrounded by clutter is the onset of a stressful journey of moving. Start by organizing all the stuff you don’t need into 3 categories – sell, donate and throw. With online selling, you can easily get rid of electronics or other appliances that you won’t be needing in your new home and make some money as well. Donate the items that you feel will help the less fortunate and throw away everything that is non-usable.

2. Make Space in Your Calendar

If both of you are working, it is important to set aside a few days dedicatedly for packing. Take a 2-day off from work, hire a babysitter and ask friends to help. Having 2-3 days of free time will help you pack much faster than spending just one or two hours every day.

3. Get Boxes Ready

Start accumulating boxes from your friends and family. You can also get a lot of cardboard boxes from nearby grocery stores or supermarkets. If you’re willing to splurge, buying boxes from packing or shipping stores is a good idea as you can be assured of their quality and standard size.

4. Planning is Vital

Strategy is as important during a home move as it is in the boardroom. The most efficient way to pack is to go methodically from room to room and label your boxes so that it makes it easier to unpack.

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5. Pay Attention to Your Valuables

If you aren’t able to find a particular piece of wedding jewellery or your passport, it can drastically increase your stress levels. Make sure you pack one suitcase with all your valuables and carry it safely to your new home. Another way to start life easily in your new home is to pack a suitcase as if you are going on a vacation and pack all essentials for a day or two.

6. Give Yourself Ample Time

Rushing into the moving process can increase stress and show minimum results. It is best to have ample of time by your side and pack day by day to minimize stress levels. You might have to pay rent for an extra month, but it will surely be worth moving in peace.

7. Embrace the Power of Delegation

Remember that you can’t do everything on your own. If you want your move into your new apartment in Pune to be rewarding, you must be willing to ask for help from friends and family or even seek professional assistance in order to smoothly move into your new home.

Starting a beautiful life in your new home can certainly be a dream come true when your moving process goes by smoothly with minimum hindrances.
Happy Moving!

properties in pune

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:

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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.


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 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.

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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.

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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!

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