Is this right time to invest?

Q: I about to finalized this project for a 2 BHK flat. I have done a lot of research and came to these findings.
Considering current real estate trends & scenario, Is this the right time to invest?

Pros :
1) Good construction quality
2) Ready amenities
3) Customer support for quality related issues even after possession
4) Close to Magarpatta City and SP Infocity - 3-5 Kms
5) Amanora City & Seasons Mall - 5Kms
6) Grocery stores & shops - within 2 km radius, not bad at all!

Cons :
1) Railway Crossing - Traffic halts for some time every day when train crosses through
2) Road is Crowded
3) Road surroundings are bad

Sid, Pune

13th December 2014

Residential Project Review in Pune

flats for sale

2 bhk flats for sale

dreams aakruti

dreams group

buying properties in hadapsar

investment advice in hadapsar

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Replies (7)

Home buyers should especially beware of freebies being offered by investors who have put their money into properties in locations that are known to be overheated. In such cases, freebies are meant to act as psychological encouragements to make an unwise property purchase.

Priyadarshini, Pune

12th November 2015

Comment

Hello all, Is festive season the right time to buy property?

Rohit Marathi, Pune

12th November 2015

Comment

Hi Rohit, I think there is no correct time to invest in a residential property but in the festive season you get a very attractive deal from the developer as well as the financial institution.Usually the months of October and November are propped with discounts, offers and special deals for buyers.

Pravakar Saxena, Pune

12th November 2015

Hi Rohit, I would like to suggest few point if you are planning to buy property this festive season:
1. Focus on your budget
2. Always go with the branded builder
3. Select project with good builder track records.
4. Select place where people are already residing.
5. Check project completion time with payment plan.

Wasim Mohammad, Pune

12th November 2015

As far as project approval is concerned, Dreams Aakruti by Dreams Groups is a PCMC approved project and all the approvals are in place and almost all the leading banks and financial institutions such as Bank Of Baroda, HDFC Bank, Axis Bank, SBI, Union Bank etc.

And the expected date of possession will be February'2015.

Pravakar Saxena, Pune

15th December 2014

Comment

Yes Prabhakar,
The most common building configurations in the area are 2 BHK apartments. There are also 1 and 3 BHK apartments available. Price appreciation seems good enough to consider investing since the price appreciation has been consistent and promising to rise more as the years come by.

Wasim Mohammad, Pune

15th December 2014

Comment

In the Jan-Mar quarter of 2014, the locality price s have remained to Rs 5310 per sq. ft. The micro market is located on the Pune-Solapur highway which connects the city to other parts of the city and also by extension outside the cities to other cities in the state. Other important roads like MG Road, Nagar Road and Sholapur Road also connect the locality with other micro markets in the city. The locality is 13 km away from the Pune international airport and 8 km from the railway station.

The current residential property rate in the locality is between Rs. 5100-5300/sq-ft

Pravakar Saxena, Pune

15th December 2014

Comment

Hadapsar, a flourishing suburb in East Pune is largely driven by economic activity in two major IT hubs in the vicinity - the SEZs at Magarpatta City and SP Infocity. It is relatively new as an urban hub and was rural in nature till as late as the 1980s. Today it possess big real estate projects such as Magarpatta City and Amanora in its vicinity.

There are also a number of educational institutions in Hadapsar including schools, colleges and Engineering institutes. These have a significant impact on the real estate demand in the area.

It is well connected by buses to the rest of the city. It is also close to the BRT route. As it is a significantly active commercial and industrial destination, Hadapsar has to face with peak traffic flows in the morning and evening.

Wasim Mohammad, Pune

15th December 2014

Comment

Hi,
Located in the eastern suburb, Hadapsar-Handewadi belt is witnessing real estate growth due to the connectivity it offers to major IT hubs such as Kharadi and Magarpatta city. The entire IT belt of Kharadi and Magarpatta is well supported by the engineering factories that have come up in Ranjangaon, Solhapur and Saswad Road which has been contributing towards the economic growth in that area. Hadapsar is one small belt on the KharadiMagarpatta corridor. The IT parks and Magarpatta city has given new direction to the real estate market on this belt.

Pravakar Saxena, Pune

15th December 2014

Comment