facebook 7 Factors to Consider While Buying an Apartment in Pune


11th Floor, Plot no 6, Magnus Tower, Sector 73, Noida, Uttar Pradesh 201307 UPRERAAGT12212

Our Blog

Home / Our Blog

7 Factors to Consider While Buying an Apartment in Pune

Date - 25 May 2024

Buying a home is one of your biggest dreams, but choosing the right home for you and your family is a huge responsibility. And, rightly so because this is a place where you and your family members are going to spend the rest of your lives. Therefore, it is important to navigate the real estate market with precision.

If you're considering buying an apartment in Pune, then this comprehensive guide is for you as it is a valuable resource that will ease your home-buying journey in Pune. In this guide, we will delve into 7 important factors that every home buyer should consider while buying a property in Pune.

1. Choose the Right Location -

Choosing the right location is of utmost importance because it is crucial to be in proximity to all the essential facilities. Hence, it is crucial to check the accessibility of good schools, markets, healthcare facilities, train and bus stations, offices, malls, shopping centers, and daily item shops.

The convenience of having these necessities close by will not only enhance your quality of life but also add to the appreciation of the value of your home in the long run. However, some areas like Hinjewadi, Baner, NIBM, and Manjari are some of the most popular localities in Pune as they have excellent connectivity and thriving IT sectors nearby.

Some of the best residential enclaves in prime locations in Pune are as follows -

2. Consider Your Budget Beforehand -

Pune is considered a vibrant city and some apartments may come with a hefty price tag. Therefore, it is always advisable to consider your budget while looking for properties in Pune. It is crucial to stay within your budget. You should first determine your budget and then align your property search with your budget to avoid financial difficulties.

However, Pune has a wide range of offerings for homebuyers to cater to people with different budget brackets. No matter, whether you're looking for an affordable apartment or a luxurious housing solution, there is something for everyone in the real estate market of Pune.

3. Check for the Developer's Reputation -

Checking the credibility of the builder is crucial because it is going to decide whether your experience is going to be pleasant or bad. You can't rely on the new entrants in the market because they have no proven records that show their honesty and credibility. So, it is always best to play safe with the brands that have been in the industry for more than a decade now.

Therefore, it is important to research the reputation and track records of all the builders and developers operating in the area you're planning to purchase a house. And, opt for one of those builders who are known for their quality construction, transparent dealing, and timely delivery. Thorough research of the previous projects and discussion with the previous buyers is an important factor as these are strong indicators of a builder's credibility.

4. Explore the Legal Aspects -

Exploring all the legal aspects related to the real estate property you're going to invest your hard-earned money in holds the utmost importance. Therefore, you should ensure that the property you're considering to buy is legally sound. You can also seek assistance from the legal experts to conduct the due diligence.

Doing this will mitigate any potential risk associated with the property transaction. You should conduct thorough due diligence to verify the title deed, the ownership status of the property, and other necessary approvals from the local authorities to avoid any legal complications in the future.

5. Take a Look at the Amenities -

The location, budget, builder's reputation, and legal aspects are important considerations but you should not forget to take a look at the facilities and amenities provided within your apartment complex because in the end the facilities and amenities will elevate the lifestyle of your family members. So, you should explore the amenities and facilities within and in the vicinity before buying an apartment in Pune.

We recommend looking for a gymnasium or walking tracks to stay fit, a landscaped garden to be connected with nature, a swimming pool to take a dip on a hot day, a clubhouse, and a security system to keep your family secure. Adding to that, the proximity to restaurants, shopping centers, and other recreational facilities adds convenience while enhancing the quality of life for the residents.

6. Examine the Parking Facilities -

Having secured parking for your vehicles holds the top-most importance because you won't want to get your vehicles harmed because of the lack of parking space. Therefore, parking safety is non-negotiable. Hence, you should opt for the apartment complex that offers secured parking.

One thing to keep in mind is that many of the apartment complexes provide additional parking spaces at some extra cost. So, if you have multiple vehicles then you need to be prepared to pay this extra amount to keep your vehicles safe and sound.

7. Access the Security System -

Security is yet another major factor to consider while buying a home in a city as bustling as Pune. So, you should access the security services that are available in the apartment complex you're planning to buy an apartment in.

You should also check whether the security guards are well-trained or not if they have enough resources or not, and if there is a surveillance system to track visitors or not. You should also ask for the records maintained, and whether an intercom facility is available or not. However, doing all this may seem like an inconvenience to you in the start but it is crucial for the safety and security of your family and to have peace of mind.

Conclusion -

The decision to buy an apartment in Pune requires meticulous consideration. However, if you consider the points mentioned above, you will be able to make an informed decision and find the best apartment in Pune based on your aspirations and requirements. We hope this guide will help you ease your home-buying journey in Pune.

To get more information on some of the luxurious residential properties in Pune, you can go through our previous blog: Discovering Lodha's Best Residential Projects in Pune and stay tuned with us for more such informative blogs in the future.

Leave Comments