For many investors, purchasing an apartment in Pune would be the decision of a lifetime. Needless to say, everyone wants a share of the prime localities in Pune. While you might or might be lucky enough to find a property in up market areas such as Koregaon Park or Fergusson College Road or JM Road, you can always look for apartments in Pune in surrounding areas.
For instance, Kalyani Nagar is a great place for a property investment and it’s just a stone’s throw away from Koregaon Park. Buying an apartment in Kalyani Nagar gives you instant access to several modern lifestyle amenities such as premium clubs, five-star hotels, the best restaurants and nightspots, spas, entertainment arenas, and even IT parks and SEZs. Some of the biggest builders in Pune have premium projects in these areas. Most of these luxurious flats in Pune include 2 and 3BHK apartments fitted with the most luxurious amenities.
Similarly, if you cannot find the right property in or around the Fergusson College area, you could move towards other prime areas such as Karve Road. This gives you close proximity to the Deccan area and the Peth areas including the business and shopping hub of Laxmi Road. The Pune-Bangalore highway and Pune-Mumbai expressway is also a short drive from this locale.
Here are some tips to follow when looking for prime apartments in Pune:
- Don’t rely solely on agents: In addition to dealing with real estate agents for your property search, you also need to do some house hunting at an individual level. Let’s face it—we all know that agents have their own profits in mind when selling you a property. While you can get the best property through an agent, you might find something better by browsing through websites of real estate developers and reading their blogs. You could also get information pertaining to soon-to-be-launched projects.
- Spend enough time viewing properties: Buying property that costs you several lakhs or even crores of Rupees requires you to carry out enough research. According to a recent survey by the Financial Times, people spend more time in planning their vacation or deciding which computer to purchase than they spend on viewing properties! It’s no surprise then that people end up settling for less than what they truly deserve.
- Don’t cut corners: Quality comes at a price. So if you want to invest in a great property, don’t scrounge around for deals. Remember, in the property market, there is no such thing as a ‘deal’. A developer that promises to offer property at cheaper rates obviously is hiding some undesirable attribute of the property. The safest way to avoid this would be by purchasing property from an ISO certified builder who follows the best quality practices.