With so many pros in today’s day and age, sickness feels like the thing of the past. At least, that’s what I felt when I was on the lookout for flats in Pune. One of the areas that I considered was Hinjewadi. I would’ve never thought, Hinjewadi was a quiet suburb at one time. With how fast the IT industry is advancing, this area seems to be a good investment with the future potential. Let’s take a look at how Mistakes when buying flats in hinjewadi, improving my investment in Hinjewadi, as well as what are some common mistakes even builders don’t mention.
1. Not Evaluating an Area Prior to Committing
A significant proportion of the real estate in Hinjewadi is aimed towards IT professionals. However, not every part would be easily accessible. One of the better suited locations in my opinion would be the Mercy Homes Development, as things like schools, and hospitals are all within reach. However, depending on how busy the location is during peak timing, the rush hour traffic may also be a factor to take into a count.
Plans for Future Development
As you know, developments in the area increase real estate value. Keep in mind what further amenities could be available in the area for example, future expansion projects that include more roads, possible metro lines and new commercial buildings.
2. Builder’s Reputation
A credible source will always suggest individuals to check the history of the builder’s works. It is always advisable to look for a builder with a known good image because this will ensure that you do not regret your decision and soothe your overall experience with purchasing a new place. You should have ample testimonials and work history to ease your worries. Probably the easiest way to make certain that the project runs smoothly is to hire a reputable builder like Kohinoor Group Pune, who has a track record of quality and on-time delivery.
3. Certificates and all Legal Clearances
Failing to do so may cause legal problems. Always ensure that land titles, municipal corporation approvals and environmental decisions about the land are provided to you at the time of purchase.
4. Set Budgets and Avoid Overlooked Payments to make sure you’re on track to buy.
Hiding costs is probably one of the most important things when purchasing a property. Many consumers forget about registration and stamp duty, maintenance costs and other fees that need to be covered, but keeping a budget in place enables one to easily avoid such problems.
5. Failing to Inspect the Property
Before buying any flat, the first thing a person should look into is the quality of construction. Whenever you enter a property, remember to always have the street view in this case and thoroughly examine the property for any structural deficiencies, for proof of water damage or abnormal amount of moisture as well as the physical state of work done in this case expansion joints, etc. Because these things are going to be the factors that will determine your happiness with the property in the indefinite future.
6. Not Cross Verifying Registration and Legitimate Information through RERA.
It should be noticed on every property purchase that the registration of Real Estate Regulatory Authority (RERA) is a must. The existence of RERA regulation assures the potential investors that there transparency in the project and legal backup is available in case, there is any inconsistency or if the property timeliness for completion is not met.
7. Not Spending Proper Time on the Market Analysis.
If you want to avoid making losses then it is ideal that you conduct a thorough research on the market not only for property prices but the rental prices and even the amount of people who wish to rent out the places in hinjewadi. This is also beneficial in being able to understand the worth of the similar property as well as the future investment opportunities that can be made in the area.
8. Making the Decision in a Hurry.
Buying a flat is never a child’s game because it is a deal where the invested amount is that of a significant amount, and thus should ensure that they have gone through the due diligence on the place they wish to buy. It is better to look at a wide range of options when buying so that you even look at the features which differentiate them from one another but if still needed ask professionals in their field such as real estate while purchasing. Buying with thought ensures that the decision taken, would not only come to serve you with satisfaction but also be worth the bucks.
9. Not Reaching Out for Help
Most times working with a professional makes the task of being a homebuyer a lot easier. Find a reputable real estate agent who knows the area where you wish to buy the property and where you can buy one under the best terms. Buying or selling a property is definitely a big transaction and it is always good to talk to a lawyer in order to comply with the law.
Kohinoor Sportsville is located at Hinjewadi – Why should you consider investing there?
Kohinoor Sportsville has 2 & 3 BHK flats located on higher floors suitable for the people looking out for flags in the Hinjewadi area. It is characterized by sports and fitness focused built features such as exclusive sporting zones, vertical development, and a 40,000 sq. ft sports facility.
For more information about Dream Location and to search your dream property, please visit Dream Location on Google Map. Contact us today to know more about the best real estate deals in Delhi and North India; we will connect you to the right property investment.