Pune’s Real Estate Market In The Next 10 Years

Pune is among the few cities in India that have accelerated steadily, and has made it among the 100 top cities in the country for its Real Estate sector.

Over the past five years, Pune’s real estate sector has evolved a lot and has been influenced by numerous factors. Among them, demonetization and GST implementation are the two major aspects that created a slight stir within the real estate sector across India. However, since Pune’s real estate has always been known to be steady, it balanced it out and stood as a clear winner even under this critical situation. For such reasons, it is deemed that next 10 years from now will be wonderful and lucrative for the real estate market of Pune.

Progressive Business Model in Pune’s Real Estate Sector
The main reason for this is the progressive business model adopted by the developers and builders in Pune. After implementation of strict guidelines and regulations from the Indian government and introduction of the RERA Act in 2017, the developers have now altered their business model. The new model focuses on timely completion of projects, equipping amenities that are promised, and ensuring high-quality of construction.

Increased Transparency between Developers and Buyers
Just like other regions, even Pune experiences an increased number of developers and builders joining hands with reputed national and international brands for raising funds and mitigating the risks. So, it is expected to deliver good transparency and will ultimately lead to restoring the confidence of buyers in the sector.

An Assortment of Projects in All Categories
The builders in Pune are focusing more on completing their existing projects, rather than introducing new ones. As a result, this serves as a golden opportunity for the fence-sitting home seekers and investors to take the plunge in the real estate market of Pune. Also, there are multiple options available from affordable housing to mid and luxury housing. Therefore, buyers can grab their dream house within their budget limit.

Unmatched Infrastructure
Since Pune holds proximity to Mumbai, it already boasts of a well-developed and well-planned infrastructure. But, besides an existing impressive infrastructure, there are few other projects in the pipeline, which are only going to add positives and gains to the real estate sector. Few of the top-notch projects are:
· Metro Rail
· An International Airport
· Bus Rapid Transit System

Sound Returns on Investment
The real estate segment of Pune is not only beneficial for end-user investment, but also for profitable investments. According to the Indian Real Estate Report, January – June 2017, Pune is held as one of the sound real estate markets with less unsold inventory and more number of completed projects.

In a nutshell, the real estate market of Pune is expected to boom in the next ten years as it houses all the elements required for a healthy and sustainable growth of the realty sector.

Ready To Move-in Property- The Pros And Cons

Ready to move- in property is that property which is complete and is ready for occupancy. When you wish to buy a house and have gathered the funds for the complete payment, you then have the best option of a ready-to-move property. In today’s fast world most of us lack the time and prefer to complete the deal in the shortest possible time. In such a condition, ready-to-move apartments are a hit in the market today.

While thinking about real estate in India, you may be perplexed by the endless options available. A right decision at this point would help you get the maximum benefit from the money invested. In this article, a discussion on the pros and cons of buying a ready possession project would prove highly beneficial in taking your decision.

Pros
You get what you see: In a ready-to-move property, you get to buy what you see. It is a completed project and is ready to be handed over to the buyer.

Easy available legal status: Since you are getting a ready and completed property, the legal status of the property is also easy to check and you can quickly obtain occupancy certificate and completion certificate as well, just when you need them.

No service tax: In a ready to move apartment, the best thing is that you need not pay any service tax for what you buy, which helps you save a lot of money on your purchase.

Get to check the neighbourhood: When you buy property in India, you need to also know about the neighbourhood. In a ready possession property, you already may have residents living there from whom you easily get to know more about your builder and quality of work.

Cons
Payment plans are not flexible: In comparison to under-construction projects, the payment plans for a ready-to-move property are not flexible. You need to complete the payment at a go, including down payment, stamp duty, registration charges, maintenance, etc.

More legal work and documentation: A lot of legal work and documentation is required when you buy a ready-to-move property than it is required in for an under-construction property.

Less scope of customization: When the flat is under construction, you have the full scope to make the rooms and house as per your requirement and preferences. But this provision is not available when you buy a property which is ready-to-move. You have to buy and stay in a home that is already complete.

Inflated cost: In comparison to under-construction projects, ready-to-move-in units are quite expensive when you actually buy them.

If you have an urgency to shift, then a ready-to-move property in India is of great benefit as an end user. These tips would be handy enough to enable you to take a decision.

Meander, Premium Homes With a Vibrant Neighbouthood

Meander by BrahmaCorp, which was the upcoming project in Pune is now nearing completion with premium homes, is designed at a desirable location in the neighborhood of Kharadi. It is a prudent area with excellent connectivity. These homes render all the conveniences within a radius of 2 km.

Why Meander?

The homes are built with:

• A safe and stunning roof top swimming pool that ensures privacy
• Three-side open apartments providing good ventilation and light
• Wave architecture for optimum sunlight and cross ventilation
• All apartments have sweeping VISTAS of the city
• Solar hot water connections in bathroom

Types of Apartments: 2 BHK and 3 BHK flats in pune

Specifications:

• Tiles: The living, dining, and bedrooms showcase Vitrified tiles. The terraces and dry balcony have anti skid/Ceramic tiles. The bathrooms have designer dado tiles. The Kitchen bears durable granite top platform and dado tiles above granite platform. 

• Paint: The cement and paint of external walls bears superior quality acrylic paint and internal walls have superior P.O.P wall finish with acrylic emulsion. 

• Door/Windows: The apartment has a decorative main door, three track sliding powder coated aluminium doors with stainless steel mosquito nets, granite door/window frames for toilets and all windows and wooden frames for bedrooms.

Apart from that, piped gas connection, modular kitchen trolleys and water purifier is provided in the kitchen.

Lastly, concealed copper wiring is used with circuit breakers for electrification. T.V, AC, inverter, telephone and internet points are provided with premium quality switches.

Other features:

The residential project is fully earthquake-proof with power backup for lifts and common area. The society offers ample car parking area.

This project from top real estate developers in pune is a worthy investment option beyond doubt that provides a fabulous environment for adults as well as children to socialize.

For project enquiry, please visit: Meander, Survey No. 8/2A 2+3+21, Opp Hotel Radisson, Mundhawa-Kharadi Bypass, Pune – 411014. Or call: 020 - 4142 3322.

Exuberance Elite – Luxury Apartments in Pune

Imagine a life where every morning is fresh and bright with abundant natural light and that place keeps you well connected with the city life. Think of the relaxing evenings with all the amenities available in the society from swimming pool, gym, jacuzzi-steam, garden, tennis court, children play area, indoor games, amphi-theatre and club house all leaving behind a day filled with laughter and memories… That’s a life at Exuberance Elite – premium flats in pune

Exuberance Elite is a premium residential project offering 2 & 3 BHK flats in nibm pune. The area has excellent connectivity to the airport, railway station, schools, hospitals, malls, markets and all the weekend places where you would want to take your friends and family.

Why Exuberance Elite?

The smart homes are built with:

• No common walls and is open from three sides 
• Air Conditioning in every room
• Video Door Phone System for each apartment
• Lights Automation in all rooms
• Earthquake resistant residential project
• Generator backup for lifts and common areas.
• Decorative Entrance Lobby
• Ample car parking
• Fire fighting system
• Letter box for each apartment
• Anti-termite treatment at foundation stage

Specifications:

• Tiles: The living, dining, and bedrooms showcase Vitrified tiles. The terraces and dry balcony have anti skid/Ceramic tiles. The bathrooms have designer dado tiles. 
• Paint: The cement and paint of external walls bears superior quality acrylic paint and internal walls have superior P.O.P wall finish with acrylic emulsion. 
• Door/Windows: The apartment has a decorative main door; powder coated three track aluminium sliding doors for terraces with stainless steel mosquito nets, granite door/window frames for toilets and windows and wooden frames for bedrooms.

Apart from that, piped gas connection, modular kitchen trolleys and granite kitchen platform is provided in the kitchen.

Lastly, concealed copper wiring is used with circuit breakers for electrification. Adequate electrical points including T.V, AC, inverter, telephone and internet points are provided with premium quality switches.

With a perfect combination of urban living and 360 degree of natural ambiance, these apartments in Pune offer an appealing lifestyle that you just can’t miss!

The project from top real estate developers in Pune is a worthy investment option beyond doubt that provides a fabulous environment for everybody to relax and socialize.

For project enquiry, please visit: Exuberance Elite, S. No. 13, Next to Bramha Majestic, Off. NIBM Road, Kondhwa, Pune-48 or call: +91 20 41423300.

Benefits of RERA for Real Estate

RERA is the Real Estate Regulatory Authority announced by the Real Estate Bill in all states and federal territories. This Authority will be above the real estate regulator to ensure transparent transactions and provide clarity on governing and monitoring of real estate projects.

Previously the real estate sector in India was largely unregulated and unorganized, which left consumers with little or absolutely no clarity on the default promises made by the developers. This bill which will now be state-level RERA Act, benefits the consumers in the form of standardized processes and protect them with transparent functioning, leading for a boost in more deals and overall growth in this sector and eventually boosting Indian economy.

This kind of RERA Act is also present in other countries. In the US, there are multiple regulatory bodies ensuring overall safety and security at various levels of transactions between consumers and real estate developers. For example, the Department of Housing and Urban Development (HUD) was created to protect consumer interests involved in residential property transactions. End user issues are incorporated in the legal contract, not by the federal regulation. There are different real-estate licensing laws in addition to code of ethics for state-level US real estate transactions.

In the UK all investments in real estate development are regulated by the Financial Services Authority (FSA). All issues in property matters in the UK are regulated under the Property Misdescriptions Act 1991.

In India the Minister of Housing and Urban Poverty Alleviation has put light on this act with FAQs on RERA.

“The Real Estate Act” is intended to achieve the following objectives:

● Ensure accountability towards allottees and protect their interest;

● Infuse transparency, ensure fair-play and reduce frauds & delays;

● Introduce professionalism and pan India standardization;

● Establish symmetry of information between the promoter and allottee;

● Imposing certain responsibilities on both promoter and allottees;

● Establish regulatory oversight mechanism to enforce contracts;

● Establish fast- track dispute resolution mechanism;

● Promote good governance in the sector which in turn would create investor confidence.

● The rate of interest is required to be specified by the appropriate Government in the Rules.

● Open parking areas cannot be sold to the allottees.

● ‘Common areas’ and ‘community and commercial facilities’ are an integral part of the project, to be handed over to the Association of allottees.

● One common certificate for ‘occupancy certificate’ & ‘completion certificate’ covers all aspects and suffices the requirements under this Act.

● Occupancy certificate relates to the occupation of the apartment/building, which has provision for civic infrastructure such as water, sanitation and electricity and is habitable.

● Completion certificate relates to the completion of the entire project certifying that the project has been developed according to the sanctioned plan, layout plan and specifications, as approved by the competent authority.

● The determination of the estimated cost of the real estate project is necessary.

● Ongoing or Incomplete projects and future projects are covered under the Act.”


Benefits of RERA for Indian Real Estate Sector

1) Quick and Transparent Processes:
Indian RERA is expected to deal with all the issues and complaints within 60 days. Such a timeline has never existed in the previous acts in real estate regulations.
All project information including but not limited to layout, approval status, contractor details, schedule of project, completion timelines, will be available in the RERA authority. The consumers will be readily provided with all information prior to any queries about the projects.

2) Standard Property Rankings:
The RERA authority will also be involved in grading properties, which will directly help consumers to deal in real estate market with confidence. Now with clear project details, consumers will deal without any fear.

3) Common Rules:
In case of residential properties, RERA registration is mandatory for all projects greater than 500 sq. mt. area or those buildings with more than eight apartments.

4) RERA to Boost Real Estate Sector
RERA is expected to boost real estate sector, like countries which benefited from this kind of a regulatory framework, from more foreign investments in the real estate sector.

5) No Obligation or Influence on Decisions.
Positive changes are expected with transparent and effective functioning of this sector as the RERA authority has full financial and administrative independence to aid in for regulations.

6) Swift Transactions:
Real estate transactions would be as easy as opening a bank account after state RERA becomes effective with necessary processes in place.

7) Online Medium:
RERA will have all the information on the online medium. This will not only help the Real Estate Sector, however all the corresponding segments of markets like Banks, Insurance companies, Law firms will benefit from this.

8) Indian Economy:
The fluency of exchanges in this sector will help build a seamless platform for the Indian Economy as a whole. This will benefit all customers, agents, developers, investors, public and private sector companies involved in real estate transactions.

With several positive measures undertaken, the upcoming projects in Pune will definitely have a positive end for both- realtors as well as consumers.

Vantage+, An Appeasement to Your Living

With the rapid development in real estate, there are many projects blooming in the market giving you varied options to choose from. Every new location has now become a concrete jungle with more and more buildings being constructed. Standing tall and different from all these projects we give you Vantage+ by BrahmaCorp that invites a passageway to the elite life in lush green surroundings.

This venture offers a radical new meaning of comforts and extravagances at a price too good to be true with palatial 2 and 3 BHK homes and with laminated premium doors, vitrified tiles all over the living room and specifications found only in modern kitchens. Going along with the surrounding environment, the project also features solar water heaters to support the use of renewable sources of energy.

This project welcomes you with a grand entrance gate that leads into wide spaces leaving you speechless with modern and premium designs. Along with present-day amenities like jogging track, children’s play area, garden for senior citizens and 24x7 CCTV security to prevent miscreants from entering the area, Vantage+ comes with an earthquake resistant design, to withstand the effects of the disaster.

It is situated away from the congestions and hustle bustle of the city, in a pollution and traffic free location, but at the same time, it is only a 15 min drive away from popular shopping and hangout destinations like Westend Mall, Aundh and Balewadi High Street. A convenient location for working professionals with Pune’s IT hub Hinjewadi not too far away from the project,

The dream home you always wanted has now presented itself to you as a magnificent structure of brilliance and comfort! You can know the details about this spectacular project at our website or simply call us on  9595900378  and we will be happy to assist you!