There is no doubt that the green city of Pune has now taking the road to become a metro. The city has completely transformed from its original picture to its current status in a decade and the time ran too fast. The expansion took place in all possible directions and many nearby villages are merged into the city limits in order to meet the ever increasing demand from investors as well as buyers. You can call the city of Pune as a land of opportunity. Builders, developers as well as investors have made big profits and are still doing so. Though the prices of real estate in Pune are now sky rocketing and the trend is positive. You can fetch good returns over your investment. Apart from property you also have the option to invest in lands or developed plots in nearby areas of Pune’s prime locations. Not only in Pune but entire country has shown a positive trend in real estate industry growth. Pune’s real estate has outshined in its industry due to its strategic location, pleasant climate and availability of land parcels.Being located close to a metro city like Mumbai which is now almost unaffordable for a major population Pune has become a favorite realty destination. Investment in property is much safer than any other option. You are almost guaranteed to get good returns in future and another fact is no one can steal your property.Currently several developed plots are on offer for investment purpose. These land parcels can fetch valuable returns in future when the area is completely developed and the demand rises. Today you need to invest a little but in future you get almost double or triple amount of what you invested. If you see the past statistics it shows that people have bought a land for Rs. 40 per square feet but now getting Rs. 2000 per square feet for the same after ten years. The limitation in this industry is that you cannot win the lottery in a day or two. You need to wait for years to get your property appreciate to get good returns. Sometimes the time span is short but sometimes it is too long depending upon the location of the property. But returns will be there and there is no doubt in that. While investing in land one should be very careful and check for the following:
- One should first check the record and reputation of the developer before putting the hard earned money in any property or land. You can do this by going through the
- Developer’s previous completed projects, their quality and the feedback of investors in his projects. If you find any loopholes in the records do not go for any project of that developer.
- Without checking the property or land physically which means on site, do not invest. It is very important and gives an idea about the area, its surroundings, connectivity, distance and location of the property.
- The land or property should have a clear title so that any sort of dispute can be avoided in future. All the documents related to the land should be in place. If it was a partnership property then must check the agreement before investment. Taking the help of a professional saves time, energy and efforts.
- The property or land must be approved by reputed financial institutions. It helps to assure you to have a safe deal.
- Do not get away with false promises of developer like soon they will get sanction from this and this financial institute or it is a proposed NA plot project, etc. Unless and until all sanctions from government are in place, clearly documented, do not invest in the project. The project may seem profitable and attractive but its legality and technicality must be checked before putting your head into it as it is a long term commitment and once you put your money, there is no way to get out of the deal immediately. In case of land investment the chances of resale becomes slim if the project is far away from city limits. Keep in mind it is a long term investment and thus it is advised not to put all your savings into it.
- Only after checking all the pros and cons of investment in a property and verifying from a professional go ahead for investment.
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