What is it like to buy a home in Pune? Buying a property in Pune is a great idea, but there are several procedures. Pune has emerged as one of the top cities for plots, flats, as well as those under construction. Do you want to buy a modern flat in the city or flats in Chakan for sale? The difference is in knowing what to look for.
What to Look Out for First?
The first thing to do is to set your budget. Think through how much you can spend and how much of a loan you can take. Also, keep in mind some extra charges like stamp duty, registration, society charges, and GST if the flat is being constructed.
Then, choose a good location. There are several emerging regions in Pune. Kharadi, Wakad, and Hinjewadi are close to IT parks. Chakan is also a growing city, and there are several apartments at affordable budget in Chakan within reach of first-time buyers.
What Legal Checks Are Required?
Always ask whether the title of the land is free and whether the builder has the right to build. You must also ask for documents like an agreement of sale, a sanction of the building plan, and the completion of the occupation certificate if it is a ready flat.
It is more secure to purchase properties that are registered under RERA. RERA monitors projects in Pune and ensures builders deliver projects on schedule. You can search for a project’s RERA number online to know if it is safe.
What’s the Builder’s Track Record?
Check the builder’s past projects before you pay even a single rupee. Did they finish their other projects on schedule? Are the customers happy? If the builders have a good track record, this is reassuring.
A well-known builder is likely to fulfil his word, produce on time, and sort out any problem in a fair manner. You can search the internet for comments, visit the location where the job was undertaken, or speak to other residents around to form an opinion about how good their job is and whether they are dependable.
What Other Costs Arise?
Apart from the cost of the flat, you will also have some other expenses to consider.
These are:
- Stamp duty and registration
- Society or maintenance charges
- Parking fees
- Loan processing fees
Write down all the costs that can be incurred before concluding.
What Is It Like During the Process?
Purchasing property in Pune real estate is a lengthy process. You initially view the property, then negotiate with the builder or seller. Once you mutually agree on a price, the legal documents are verified. Then comes the sale agreement, payment, and loan-to-move apartments, which are quicker but more expensive.
Summary
Purchasing a home in Pune can be an easy one if done correctly. Check the documents, keep things simple on the budget, and select the correct place. Select good builders and don’t compromise. It’s better to do it slowly and take your time and do it right than to do it fast and end up in trouble.
If you are looking to purchase a property in Pune, either in the city or looking for one of the suburbs, such as 1 BHK flats in Chakan for sale, Intercontinental Infrastructure has the expert advice you need. They walk you through it all with honest advice and decades of experience.
