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3 Considerations To Make Before You Buy A 3 BHK Apartment in Kharadi

Property Investment Guide | 15th August, 2023

Kharadi is an upcoming residential locality of Pune one of the fast-growing regions of Pune that is gaining popularity for investors and homebuyers alike.

Kharadi is an upcoming residential locality of Pune one of the fast-growing regions of Pune that is gaining popularity for investors and homebuyers alike. The region is seeing an expansion of the IT and manufacturing and retail and hospitality sectors and builders in Pune are making most of these developments. Its connectivity to other major hubs, commercialization, and premium property development has made it one of the leading destinations for investment. 

Location

Proximity to Work and Essentials: Kharadi is close to Pune’s IT hubs and commercial centers. The distance from your workplace to your residence is an important factor. Also, the distance to important destinations and entertainment zones, shopping areas, schools, hospitals, and public transportation should be checked. 

Connectivity: Evaluate the connectivity of the location. Access to major highways, roads, railway stations, and the availability of public transport impact daily commute and convenience. If the project is disconnected from important hubs and markets, it will cause unnecessary stress. 

Builder Reputation

Builder’s Track record: Check the builder’s track record by looking into their past projects, under-construction projects in Pune, construction quality, delivery, and customer feedback. Researching online and getting word-of-mouth feedback from industry professionals can be a way to understand the developers' credibility.

Amenities: The basic amenities like water supply, electricity, and security are non-negotiable. The presence of security guards and CCTV surveillance will ease your stress considerably. These must be given high priority. Other amenities like a clubhouse, gym, swimming pool, parking, and open garden spaces should be evaluated. Sufficient open space and play areas for children are necessary for the all-round development of kids. 

Budget and Finance

Affordability: Evaluate your personal finances on paper. Those planning to buy  3 BHK flats in Kharadi, must estimate their budget based on their income, expenses, and other financial commitments is a prudent way to arrive at the budget. The buying process also involves other costs which are significant. Registration fees, stamp duty, legal expenses, and maintenance charges should be factored in during budgeting. 

Loan Approval: If you are getting a home loan get a pre-approval from financial institutions. This will help you set realistic expectations by knowing the loan amount that is approved. 

Resale and Appreciation: The property’s appreciation depends on the market conditions, development of the locality, and infrastructure development. The resale value will help you be realistic about the property’s value over a period. 

Other important considerations include legal due diligence and site visits that you should do without fail. The paperwork must be assessed by a qualified professional to avoid major hurdles at a later stage. Seek advice from a knowledgeable property adviser to get all minor doubts cleared before the final purchase is made. 

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