The Ever Increasing Value of Real Estate in Pune

The price of Real Estate in Pune has been a consistently growing graph. Prices here have never been in negative. They have grown at a brisk pace and have excelled, even more so in the last few years as Pune have morphed into a complete metropolitan city. Therefore, buying a property in the right place with the right people will prove to be beneficial. 

The rise in property prices is a bit divided through the city. There has been a sharp increase in the interior areas of the city. Some places have seen prices doubling in just a few months. However, the disadvantage of these places is that there are very few good housing projects here and homes are smaller and have fewer amenities. 

The outer suburbs of Pune have also seen a consistent rise in prices which has not been too steep. Therefore, these places have become the preferred destination for most people looking to buy homes. Some of the best real estate developers have wonderful projects here. The homes are large in size and have a lot of amenities. Rates here are also growing and are expected to complete with prices in the interior regions. Therefore, these suburbs and outer areas are the ideal places to buy a dream home. 

B.U. Bhandari Landmarks is the most popular real estate developer in Pune. They have really good developments in most of Pune’s best developed suburbs. Making high quality homes that offer a lot more than four walls is their specialty. Alacrity in Baner is a project that personifies the lifestyle all home buyers want; a beautiful home in a good area surrounded by all the comforts of modern day life. Most importantly, this project is by B.U Bhandari Landmarks and their reputation among buyers is enviable. 

The current period is one of the best periods to buy real estate in Pune. Even from an investment point of view. The property you buy right now will be a lot more valuable in the future, especially if it is in a project like Alacrity. Properties developed by expert developers grow faster in value.

B.U. Bhandari Landmarks – Building Dreams

There are few real estate developers that understand you the way you do yourself. Your dreams, happiness, your aspirations reside in your home. A developer that has been building your dreams ever since is B.U. Bhandari Landmarks. Based in Pune, it is a part of the highly esteemed B U Bhandari Group, founded in 1920 by Late Shri Uttamchandji Bhandari. Eight decades later they are one of the biggest construction companies in western India. Their portfolio Real Estate includes Residential apartments, Industrial estates, Complexes, developed plots and IT parks. 

Their portfolio is very diverse, which proves their prowess in developing quality projects around the city. They have now specialized 'Quadvantage' homes (digital integrated home automation system), which proves that they are ever committed to deliver quality home to their customers. All this is possible because of their in-house specialists each who have the appropriate knowledge and experience to mesh with the preferences of the client. Their endeavor is to improve Quality through effective use of modern technology and skilled human talent. Also providing safe and superior construction, and being actively involved in providing sophisticated and affluent infrastructure.

Their excellent management plays an important part in creating marvels of this quality. Mr. Rajnish M. Bhandari, who is a mechanical engineer by education, heads the Real Estate Development and Construction Division. He had been looking after finance, legal, marketing and administration side of the business earlier. He has more than 20 years of experience behind him. Mr. Anuj M. Bhandari, who is an industrial and production engineer by profession he has mastered the art of land development and construction over the last 17 years. 

 

The current projects of B.U. Bhandari Landmarks include Alacrity flats in Baner and Belleza na plots in Talegaon. Alacrity, located close to the Balewadi Sports Complex, this project offers 2 and 3 BHK apartments which are apposite to a modern family. Belleza, located in one of Pune’s most picturesque neighborhood offers bungalow plots. Nestled in the arms of nature this is a paradise which is gives you the most enjoyable moments of life.

Home Buying is never and easy Decision, Be Vigilant!

Purchasing your home is one of the most important financial decisions of your life, and it has to be made with care. There are many aspects you need to check before finalizing. Also, you need to understand the different formalities and other such processes that are involved in the purchase. In addition to buying, selling tips, some equally important guidelines that can help you with the various legal, tax and other technicalities for buying a home. Some of the things are location, area, society, size and ventilation; this is the process of fixing your home, once this is done the main things begin.

What are the important documents to be checked before buying a home/property? 

This is very important; you have to check very thoroughly about the builder and the project. You have to make sure that the project has all the approval and permissions before going ahead. Carry out a thorough search and check out the approved layout plan, the building plan, ownership documents, etc. It is advisable to get professional legal help to help you verify the validity of the documents. 

What exactly is built up area, super built up area, and carpet area and what is the difference between them?

Carpet Area is the area of the flat which does not include the area of the walls. Built up Area includes the area of the walls. Super Built up Area is generally applicable in multi storied units and includes the built up area along with the area under common spaces such as the lobby, lifts, stairs, etc.

What precautions need to be taken while buying an under construction flat? This can be very tricky! You need to remain very vigilant in order to be not cheated. Ask the builder to furnish all the relevant papers and permissions to ascertain the genuineness of the project. Check if the land on which the builder is building is his or he has undertaken an agreement with a landlord. If so, check that the title of land ownership is free and clear. Ensure for NOCs.

Who should pay Stamp Duty - the buyer or the seller?

It is for the buyer to pay the stamp duty.  Section 30, of Bombay Stamp Act, 1958 states the liability for payment of stamp duty.

On what legal documents is a stamp duty levied?

Significant legal documents required in property transactions such as Agreement to Sell, Conveyance Deed, Exchange of property, Gift Deed, Partition Deed, Power of Attorney, settlement and Deed and Transfer of lease attract Stamp Duty calculated as per the market value of the property. Or you can forget all your worries and buy a home from B.U. Bhandari Landmarks, one of the most trustworthy developers in Pune. Their projects include Alacrity, Belleza, Hill Side Phase – I and Hill Side Phase –II.

B U Bhandari Landmarks Offers the Best Options for Second Homes in Pune

Hardly any other city in Maharashtra compares with the plusses in favor of Pune properties. When it comes to buying a second home, whether Mumbaikars or NRIs- they all prefer to invest in real estate Pune. And why not! Pune city has developed to be the land of promises- and those that have been kept too. The principal driver of Pune real estate, the IT revolution, has brought about a sea change in an all pervading sense to the quaint life of this historical city. Well known for being the academic capital in the orient, Pune has long since added this new facet to its multi-dimensional identity.

Let’s just think of an average upper middle class family making a living in Mumbai. Their commute to and fro work takes away a chunk of the precious non-renewable resource – time! Add to that the sapping of life-energy owing to stressful career situations leaving little or no scope for relaxation.  The idea of buying second homes in Pune has arisen from this simple primal need for relaxation away from the humdrum of busy life in the metro. Anybody with that much affordability would go for a second home in Pune. Reasons for Pune being a choice city to have a second home are aplenty. The city is blessed with glorious climate all year round with winters being especially romantic (We are comparing only with Mumbai!). Next comes the infrastructural support of roads, ample water and other domestic facilities. Next- an infinite choice of studio apartments, regular 2/3 BHK flats, farm houses or even villas to make your second home in Pune!

A weekend getaway amidst tranquil surroundings just reachable to all variants of entertainment fits the bill perfectly. A second home in Pune is a sound investment proposition too since in the long run, what you buy on a moderate budget on the fringe of civilization, over the years, becomes a “conveniently located” retirement home. B. U. Bhandari Landmarks a leading real estate developers have ruled the Pune real estate industry for decades and are veterans at judging the pulse of consumers and investors. Among their latest residential properties, Chrrysalis at Wagholi fulfills all the criteria of a second home in Pune. Tucked away from the hue and cry of the city, this pollution free haven at Nagar Road sits prim enveloped in thick greenery. Chrrysalis promises villa style living at the rate of an apartment with every comfort and convenience planted within easy reach. Chrrysalis with its 3 BHK rowhouses surrounded by nature make for a perfect second home!