Important Factors to Evaluate When Buying Property in Pune
Buying a property in pune involves several factors which you must consider before finalizing your decision. If you want to invest in a property to generate rental value or to move in, you must follow a checklist. Today, in this blog, we will discuss all those factors that ease your work.
Although this list is curated by keeping Pune City in mind, it can apply to any urban city.
Factors to evaluate while buying property in Pune
Why to buy in Pune?
Pune is a cosmopolitan city that is comprised of lush green hills and lakes. The city has experienced immense growth in the past few years because of its vicinity to Mumbai. The town consists of many IT hubs and manufacturing industries that offer jobs to various job seekers.
Pune enjoys a moderate climate. This implies it is neither too cold during winters nor too hot during summers, and this makes it a pleasant city to live in. Along with IT hubs and excellent weather, the city is also known for excellent colleges, schools, shopping malls, transport facilities and recreational centers. This has again increased the demand for residential projects in Pune.
Location
Location matters a lot. It would help if you lived in an area that could meet the requirements of your family for the next 20 years. Buy property at a location where reputed schools and colleges are within your reach. Look for a location with excellent connectivity with other areas and must contain a supermarket, as no one wants to ride long distances for basic groceries. Also, check for hospitals in nearby region areas, along with parks and subway stations.
Developer’s reputation
Your developer must have years of experience to provide you with the best construction experience. It would help if you looked for builders who have decades of experience in the construction industry. Only relying on brochures is not a nice idea, as a builder can promise tons of things in that and may not deliver at the end. Hence, you must do thorough research about past developments and check their developing projects to learn about their quality of construction.
Accessibility
Never buy a property in an area that has yet to develop. This is especially true when you purchase property in a newly developed area that has yet to become a fully-fledged community. You will need a shopping area, restaurants, and other necessary shops on a daily basis. Moving to such an area will make you travel long distances every day, which can be a concern for you in the long run. Hence, choose an area where the market is near your location, along with schools, bus stops or metro stations.
Water supply
Water supply doesn’t only mean getting sufficient water round the clock. You must get good quality water without any contamination. Is there any maintenance team that checks the water quality regularly? Does the team clean the tank and unclog pipelines regularly? You must check all such factors before choosing any property; after all, you can’t put your family’s health at risk.
Parking
Parking is another aspect that you must check, as no one would like to park their vehicles in an unsafe place. In many gated societies, additional parking space comes with extra cost. So, if you have multiple cars, you must be ready for additional expenses. Also, you must check about the visitor’s parking facility. Some societies allow visitors to park their cars inside the society, while others may prefer to keep visitors’ vehicles outside the society.
Drainage
Waterlogging is the deadliest challenge, and you must check it while buying any property. The drainage water will not only damage your vehicles, especially if you are on the ground floor but will also give you a foul smell that can make your living unbearable. Also, such an environment will invite mosquitoes and infections. So, while purchasing a new property, you must check the condition of the drainage and sewage system.
Security
No one can compromise on security, as this aspect always remains at the top of our priority list. Look for the security measures your society will have before making the buying decision. Your society’s security guards should be trained, and there should be a proper surveillance system to track visitors.
Buying your dream property in Pune
We hope that this buying checklist will help you in making an informed decision. Your journey of buying property in pune will become easy if you rely on a reputed brand. A reputed builder avoids cutting corners when it comes to making a deal with the homeowners. Customer dissatisfaction can have a ripple effect on the reputation of the builder, and hence, they prioritize addressing all the customers’ concerns.
So, if you are about to buy a new property in Pune, you can trust Oree Reality to get lavish flats at an affordable price.
