The popularity of emerging areas is increasing amongst the active investors of real estate sector in Pune. Here are 5 amazing tips for those looking for a sound investment in the new projects in Pune in locations like Hadapsar, Hinjewadi, Kondhwa and Phursungi:
1) Knowledge about the potential area:
While investing on a property in any location, knowing the area is important to expect high Return on Investments in the future. As the above mentioned areas are emerging, the industrial and infrastructure developments have already started. For instance, Hadapsar and Phursungi are rising as IT hub and manufacturing sectors of the city. Thus, the growing industries and infrastructure facilitate the real estate development in the area, thereby increasing the scope and prospects of investment in realty.
2) Check the credibility of the builders:
At present, there are many real estate builders in Pune. After selecting the location where you want to invest, you need to check the background and credibility of the builder as well. Whether they have done due diligence on the project and have executed its timely completion or not, is an important point to check.
3) Invest early in the development cycle for value appreciation:
If you are looking for capital and value appreciation, you must invest early in the development cycle in order to gain the maximum profit.
4) Choose the appropriate option of investment:
If you are looking for a budget investment option, pick small apartments or new residential projects that fall under your budget. For a substantial investment option, you can go for opulent township projects too. It is very much essential to choose a proper option for investment in order to implement further plans and procedures, effectively.
5) Pick quality residential spaces:
The main objective of investing in residential properties is to earn handsome ROIs. You must select a quality project in Pune, which ensures a standard living with all the modern amenities for the said purpose.
Besides, you need to be aware about the developments taking place in that area from time to time. For instance, if any infrastructure development is proposed like metro rail, then the property value may rise by 15-20%, thereby fetching more ROIs.