123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Real-Estate-and-Foreclosure >> View Article

New Residential Project In Pune – Things To Look For

Profile Picture
By Author: Rajesh Chopade
Total Articles: 6
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

A number of property experts opine that purchasing a new residential project in Pune is a wiser decision than purchasing ready/used homes. This especially holds true when you need to arrange for finance options from banks or other financial institutions.

Alternatively, if you are not in a hurry to take possession of your property, you could also consider the option of pre-launch offers. However, when it comes to a pre-launch offering, it is extremely important to go with a reputable builder. Failing this, you might subject yourself to financial losses if the project fails to take off.

This article elucidates some basic steps to follow when you are on the lookout for residential flats in Pune.

East Pune or West Pune?

When you decide to purchase a residential property, you would need to take into account other important locations such as: your office, your kids’ schools/college, your spouse’s work place, proximity to other important landmarks or medical centers, and so on. The eastern side of Pune mainly comprises locations such as Mundhwa, Kalyani Nagar, Vimannagar, and the western side of Pune ...
... features fast-developing locations such as Baner, Baner Annex, Aundh, Wakad, and Hinjewadi.

Specifications of the property

This stage would require you to decide whether you need a 1BHK, 2BHK, 3BHK or an independent row house. There is no dearth of new residential project in Pune provided you have your priorities set right. If you need projects with specific amenities such as a swimming pool, a health club, or a temple, you would need to factor in these aspects during this particular stage. Also, if you have a requirement for other add-ons such as a dry kitchen or an extra balcony, these factors would determine your property search.

Financing options

It could take anywhere between a few weeks to a few months to get the property of your choice. But once you have found it, you would need to get your finances together to make down payments and book your property. If you find that you are short of finances, there is also an option of taking a bank loan. A bank loan from a reputable financial institution will help you realize your dream home. Banks customarily have certain pre-approved developers whose background has been checked and found to be satisfactory. Experts opine that financing your residential flats in Pune becomes easier when you choose a reputable real estate developer.

Gathering and scrutinizing important documents

Property purchase is governed by several important legal documents. These include no-objection certificates from various departments of your local municipal corporation, title deeds, development permissions, permission to sell the development property and so on. In case of an under-construction property, the sale agreement and development agreement are very important.

Finally, you would need to also verify if important dues such as water tax, electricity bills, costs pertaining to society formation, etc have been cleared till the current date. Of course, once you take possession of your new residential project in Pune, all of these expenses become your direct liability.

Total Views: 71Word Count: 497See All articles From Author

Add Comment

Real Estate and Foreclosure Articles

1. Legal Services By Sahasra Properties: They Bring Confidence To Property Owners Of Hyderabad
Author: sahasra

2. 10 Tips For Choosing The Right Real Estate Consultant In Gurgaon
Author: aman narula

3. Aarize Plots - Build Your Dream Home In Sector 34, Gurgaon
Author: Luxury Residences

4. Nassau Bahamas Real Estate: Find Your Dream Home In Paradise
Author: Viceroy Bahamas

5. Maximizing Business Potential With Industrial Shed For Rent In Gujarat By Ashish Estate
Author: Ashishestate

6. Real Estate Brokers And Management In Ajman
Author: tarek

7. Find Your Perfect House For Sale In Dubai - luxury Or Affordable, It's All here
Author: InchBrick Realty

8. Is Property The Best Super Investment? Expert Advice Revealed
Author: Rick Lopez

9. How To Assess The Potential Of A Commercial Property In Mumbai
Author: Horizon Consultants

10. The House Of Abhinandan Lodha Khopoli Hoabl Codename Mumbai T3 Aero Estate
Author: Parshuram

11. Essential Features To Look For In An Industrial Shed In Ahmedabad
Author: rshconsultant

12. Blog: How Indore Cleanliness Impacts Property Value
Author: Sukunj Realty

13. Working With A Real Estate Agent With Local Expertise
Author: Find My Agent

14. Rooming House Finance Explained: Key Considerations For Investors And Landlords
Author: Ricky

15. Simplify Property Ownership: Nri Property Management Services In Hyderabad
Author: sahasra

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: