Yes. It is, but only if you take a wise decision and do your research before investing in a property or buying flats on sale in Pune. There are a lot of factors that affect property rates in local markets, from GDP, to a stable government, to funds, to fluctuations in national budget plans. Investing now would definitely fetch you handsome returns in the future because property rates generally keep increasing over the years, if you consider some important factors before making the final call.
So what are these points you need to closely analyze and understand while choosing the perfect property investment option?
Neighbourhood
When you are looking for apartments for sale in Pune, the location of the property is a factor that you cannot really miss. If the neighbourhood has the good schools, colleges, hospitals, shopping centres in the vicinity, then you are going in the right direction. Apart from that, if there are IT parks and business centres then it’s an added plus because then, residents would not have to travel too far to reach their workplaces. You also need to be sure that commutation is convenient and the property is close to train stations and bus stands. Many-a-times, property rates might be lower as the area might not have the best conveniences currently, but might have plans for future developments. The municipal planning department will have information on all the new development plans for a particular area. If there are many new business parks or malls going up in your area, there are chances that property rates would increase in future. You need to weigh the pros and cons intelligently for keenly understanding these factors.
Property taxes
As an investor if you are planning to make money from rent, you should be aware of the property tax structure in that area. Property taxes could be sometimes high because the neighborhood is an excellent place for long-term tenants. You won’t get everything though, you need find a midway. You should ideally talk to homeowners within the community to complete your research.
Amenities
Great amenities don’t just add comfort to your life, but also improves resale value of the property over time. While investing in apartments for sale in Pune, make sure that they offer more than just homes, but amenities like Gym, swimming pools and other such facilities that add more value to your property asset.
LUSHLIFE offers all the right reasons why you should invest here, because all our residential projects in Pune are strategically planned to ensure that you fetch outstanding returns.
So what are these points you need to closely analyze and understand while choosing the perfect property investment option?
Neighbourhood
When you are looking for apartments for sale in Pune, the location of the property is a factor that you cannot really miss. If the neighbourhood has the good schools, colleges, hospitals, shopping centres in the vicinity, then you are going in the right direction. Apart from that, if there are IT parks and business centres then it’s an added plus because then, residents would not have to travel too far to reach their workplaces. You also need to be sure that commutation is convenient and the property is close to train stations and bus stands. Many-a-times, property rates might be lower as the area might not have the best conveniences currently, but might have plans for future developments. The municipal planning department will have information on all the new development plans for a particular area. If there are many new business parks or malls going up in your area, there are chances that property rates would increase in future. You need to weigh the pros and cons intelligently for keenly understanding these factors.
Property taxes
As an investor if you are planning to make money from rent, you should be aware of the property tax structure in that area. Property taxes could be sometimes high because the neighborhood is an excellent place for long-term tenants. You won’t get everything though, you need find a midway. You should ideally talk to homeowners within the community to complete your research.
Amenities
Great amenities don’t just add comfort to your life, but also improves resale value of the property over time. While investing in apartments for sale in Pune, make sure that they offer more than just homes, but amenities like Gym, swimming pools and other such facilities that add more value to your property asset.
LUSHLIFE offers all the right reasons why you should invest here, because all our residential projects in Pune are strategically planned to ensure that you fetch outstanding returns.