Q: want to invest in Pune real estate. where low budget and high return in 4 to 5 year . also property should on rent Immediately . Budget around 25 to 30 lakh. maximum loan. and property will available for rent. kindly guide which is the best place in pune where i can invest and i get good rent or return. umesh
I agree with all of you!! I would like to add few point which we should keep in mind before investing in property:
1. Proper Research over localities and project.
2. Select you destination and focusing all your investment in one location.
3. Create specific investment boundaries.
4. borrowing over 80% of the property cost.
5. checking out the neighborhood buyer and localities.
Yes, I really agree with you dear. These are the most essential mistake that we usually do in our life. I have done some mistakes in my life, learnt from them and moved on. But you know what they say, smart people learn from others mistakes. So, always keep learning from yourself and others mistakes.
Due to higher return,investment in real estate is booming day by day. Common mistake one commit in real estate investment is investing without proper research about property or locality. Other mistakes include not planning before investment, no trust in realtors, fixed set of ideas, location, finance, paying more than what it is worth for. It is important to think things through before you put money into a property. Hope you invest wisely.
I agree with Priyanka. Do proper research before investing in any property. Do your homework properly.Visit many properties before investing. Take experts' advice for better decision. Trust your realtors or real estate agent as they may provide very good suggestions as to what actions or components that you may possibly need to take so as to steer clear of any legal impediments or conflicts later on. Fix your ideas and do not randomly search for any property. Set your budget which you are capable of.Do market analysis and pay for a property what it is worth for.
Hi Chandrasen Atak, You definitely get a rent of around 11000 - 13000 Rs for 2BHK near Hinjewadi, Balewadi or Baner. I dont think so for start this can be a bad incomes to go with. if any good amenities are provided by the builder then it might even rise to a 10-15% more is must say. And looking at the construction quality by few builders like the KBD ... you income can definitely get a boost in the near future due to the rapid development. Hope you make sure that you buy a property from a reputed construction company to avoid further disappointment.
Hi Chandrasen Atak, You definitely get a rent of around 11000 - 13000 Rs for 2BHK near Hinjewadi, Balewadi or Baner. I dont think so for start this can be a bad incomes to go with. if any good amenities are provided by the builder then it might even rise to a 10-15% more is must say. And looking at the construction quality by few builders like the KBD ... you income can definitely get a boost in the near future due to the rapid development. Hope you make sure that you buy a property from a reputed construction company for further disappointment.
Thanks Mr Ramesh. can u plz brief me that if i purchase a flat near by Hinjewadi, wakad or balewadi to invest 40 to 50L for 2 BHK or 1 BHK how much rent i can aspect at present. regards, chandrasen
Hi Chandransen Atak, you are welcome my friend. I think so you can get good deals in Hinjewadi, wakad, Balewadi for some cheaper flats, but still that gonna cost you up to 30-40 lakhs for 1.5 bhk and around 45-50 lakhs for 2 bhk. But i think so for income these areas can be beneficial in your future prospects. You can have a chat with KBD Group for 1-2 BHK flats in Balewadi, might be they can offer you a great deal which might be of your interest. Even look for a builder who has a good reputation in our society, don't fall prey to bad construction company. Advice :D
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Hi Chandrase Atak, I understand your concern about investing in Pune real estate, but your current budget seems a lot less my friend. you cant even get a 1 BHK Flat with a budget of 25 - 30 lakhs. Even places like Kharadi are charging like anything. if you want a good income once you rent your falt, Balewadi, Pashan, Baner, Hinjewadi are few places where you can get great income as many MNC's are located nearby. you will have to raise your budget to get a flat in a good locality to get good output. it is very necessary you land up at some of the few builders like KBD group who have being creating great infrastructures for individuals and families from past few years. They have good projects going on in Baner "Aurelia" and Balewadi "Grandeur".