The real center of attention in the real estate market has been the city of Pune for the past two years. This in turn has increased the number of people looking to buy flats in Pune ranging from students to working professionals and even large families. Moreover, all these sudden developments altered the perception of home-buying and the entire scope of the real estate market. Whether you are a prospective homebuyer for the first time or an institutional investor, knowing these changes in perception will assist you in making decisions. Therefore, in this article, we will touch upon flat purchases across Pune and what you need to know. Furthermore, we will show you the fastest growing real estate brand in Pune – Dream Location Pune.
Things to Know When You Plan To Purchase Apartments In Pune
1. High Demand For Self Sustained Housing Societies
In the past two decades, these types of dwelling spaces have been in high demand in Pune. These self contained societies usually have residential, commercial and recreational spaces such as supermarkets, schools, hospitals and parks among other features. In addition, flats in Pune located within such townships reduces the need for traveling long distances and also offers a great communal style of living.
2. Smart Homes’ Demand Increases
Technology is now an inseparable aspect of life. Residential expect in Pune flats that contemporarily are equipped informational technology. Systems such as automated lights, temperature control, security systems, and voice-activated devices are quite appealing resulting in smart homes being on high demand.
3. Green is the New Black
Customers are becoming more aware of conserving the environment which has led to the need of eco-friendly features in flats. Homebuyers in Pune prefer flats that have sustainable aspects such as vertical gardens, water harvesting systems, solar panels, and other modern devices that support a healthy living.
4. Location of IT and Business Centers
Pune is well known for its excellent Business and IT locations. Big IT parks and corporate offices are located in areas like Hinjewadi, Kharadi, and Magarpatta. In the search for flats, homebuyers increasingly targeting apartments close to these business hubs in order to cut down on commuting time and enjoy work life results.
5. Co-Living Spaces Are in Demand
Co-living spaces have gained a lot of popularity in the last couple of years and are most common with millennials and people that have recently joined the working class. Co-living spaces have fully furnished private living areas with shared kitchen and lounge and working areas making them ideal for renting out and fostering a sense of community.
6. A Reasonably Priced Apartment In Pune With Safe Or Security Features
Flats are invariably searched by buyers with adequate security. There is great demand for gated compounds having round-the-clock security, CCTV systems and electronic access controls. Projects that have these features empower residents with the feeling of safety and security.
7. Contemporized Lifestyle and Other Associated Amenities
Pune’s homebuyers are not only after the flats but after the possible lifestyle greatly enhanced by the flats. They most prefer properties that have swimming pools, health and fitness centres, club houses, parks and play areas for children.
8. Easy Payment and Other Financing Options Too
The presence of easy payment and many other financing options have made it possible for the homebuyers to acquire the purchased flats. Developers are coming up with schemes like no pre-EMI until the possession, subvention plans, home loan at low rates, all which help reduce costs associated while making sure that more people have access to homes.
9. Preference for Famous Builders
Brand-name builders matter to home buyers. Buyers prefer well-known brands which have proven their efficiency in completion and delivering projects on schedule. They are often willing to pay a premium to be assured that the construction standards will be of good quality, the project will be delivered on time and that they will receive good service after the sale. In Pune real estate, top developers include Dream Location Pune and Mahalaxmi Group.
10. Move Towards Outer Areas
The core Pune will still be in demand, but there is an increasing trend towards the outer areas – Kharadi, Hinjewadi, Wakad, Punawaleuh. These areas are cheaper in terms of the house, more connected and have better development. Peripheral areas have become more lucrative to potential home buyers due to expanding roads, bridges, and public transport systems.
Find out the location of your dreams with Dream Location.
For those looking for flats in Pune, Dream Location Pune can be a good option to explore in terms of the residential projects. The group has a legacy of 40 years with significant pride in their landmark residential projects developed in key areas of Pune.
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.