Buying a plot offers impressive returns as compared to residential or commercial properties. Provided that there is careful consideration of the important factors that govern the property appreciation of the land. The average returns on the strategic plot investment can be between 15-20%. It can go as high as 30-35% or even more with exponential growth factors such as Commercial and industrial corridors and infrastructure development in the region.

However, there are certain challenges in plot investment.  Longer investment horizons, liquidity risks, title clearances, and encroachment disputes are Some of them. But these challenges are manageable with a constructive investment strategy. The best approach is to know everything beforehand and be prepared to counter these challenges effectively in the later stages Plot Land in India 

 

INTRODUCTION Pune, also known as the ‘Oxford of the East,’ is a rapidly growing city in terms of infrastructure, education, and lifestyle. The city is a hub for many young professionals and students who are always looking for affordable housing options. This blog will explore the most popular neighborhoods for 2 BHK flats in Pune. HINJEWADI It is a rapidly developing area home to several IT companies, making it a prime location for young professionals. The area is well-connected to the rest of the city through the Pune-Mumbai Expressway and the Mumbai-Bangalore highway. The presence of several shopping malls, restaurants, and entertainment centers makes it an ideal location for families. WAKAD Wakad is another popular neighborhood for 2 BHK flats in Pune. It is situated in the city’s western area and is known for its good infrastructure and connectivity. The area is close to Hinjewadi, which makes it an ideal location for IT professionals. Wakad is also home to several educational institutions, making it a preferred location for families. The area is well-connected to the rest of the city through the Pune-Mumbai Expressway and the Mumbai-Bangalore highway. KHARADI Kharadi is a popular neighborhood for 2 BHK flats in Pune, primarily because of its proximity to the IT hubs of Magarpatta and Kalyani Nagar. The area has recently witnessed rapid development and has several luxury apartments and gated communities. The area is also well-connected to the rest of the city through the Pune-Ahmednagar and Pune-Solapur highways. BANER The area has several shopping malls, restaurants, and entertainment centers, making it an ideal location for families. Baner is also close to the IT hub of Hinjewadi, making it a preferred location for IT professionals. The area is well-connected to the rest of the city through the Pune-Mumbai Expressway. Kondhwa Kondhwa is a great neighborhood for flats in Pune, primarily because of its good connectivity and proximity to the IT hubs of Magarpatta and Kalyani Nagar. The area is also home to several educational institutions, making it an ideal location for families. The presence of several shopping malls and entertainment centers makes it an attractive location for young professionals. https://localmakaan.com/residential/apartmentflat/maharashtra/pune CONCLUSION : In conclusion, Pune offers several popular neighborhoods for 2 BHK flats in Pune. The above-listed neighborhoods are among the most popular and preferred locations for young professionals and families. Factors such as good connectivity, proximity to IT hubs, and the presence of educational institutions, shopping malls, and entertainment centers make these neighborhoods ideal for residential purposes. If you plan to buy or rent a 2 BHK flat in Pune, these neighborhoods are worth considering.

It would be wrong to assume housing societies are preferred by buyers only in big cities where space is premium and buying an independent residence might not be an option. Even in Tier-II cities of India, group housing is gaining popularity for the benefits it offers homebuyers that are otherwise not available. For one, living in a housing society means there is round-the-clock security service available for your benefit—in an independent home, you will have to pay a bomb to be able to do that. There are so many other pressing arguments that could be made in favour of investing in housing society flats. Those who have already formed an opinion in favour of society flats and are eager to invest, must now note that they would need to acquire a number of NOCs, the short form used for no-objection certificates, to buy such a property. Let us have a look at those documents. One of the many benefits of living in a housing society is that you get to enjoy a great number of amenities there. However, to provide those amenities to you, the developer needs to acquire several NOCs himself—from the construction stage to the handover-phase, builders have to get at least 50 approvals from various government agencies. If your developer does not have an NOC from the electricity department, for instance, he would have to largely depend on private sources to supply power. The same is true of water, too. While all these things could be privately managed, they would shoot up the bill for the developer who would pass it on to you in the form of hiked maintenance charge. Make sure your developer has all the approvals in place and there are no ongoing issues between him and any government departments. About under-construction property In case of an under-construction property, an NOC must also be taken from the banks that are the financers of the project. This would ensure they will not be able to challenge the sale in future. In light of several recent developments where builders have gone insolvent and banks are dragging them to the court to recover money, this becomes an all-important document. In case of any future trouble between the two parties, this document would safeguard your interest as the buyer. Importance of RWA The law makes it mandatory for the housing societies to form a residents’ welfare association. These legal bodies enjoy great power in terms of sale and purchase of property. As a home buyer, you will also need to get some NOCs from these bodies as well. In case you are buying a resale property, an NOC by the RWA is required, saying it does not object to the ownership transfer. In case you are taking a home loan, the bank would demand this document before sanctioning the loan.