Why must NRIs consider Pune for investment?

 

Pune: The NRI guide to the perfect realty investment

As one of India’s most dynamic and rapidly developing cities, Pune has emerged as a real estate hotspot, especially among Non-Resident Indians (NRIs).

The city’s cultural and economic context, favourable market conditions, and supportive legal and management frameworks have made it a prime destination for NRI investment.

With the ever-appreciating dollar, here are a few reasons why NRIs should consider using their disposable income in this lucrative market:

Strategic location:

As a key economic node close to Mumbai and connected to major Indian cities, Pune’s location significantly enhances its real estate appeal.

It enjoys excellent connectivity via road, rail, and air, with easy access to other important industrial, commercial, and IT hubs.

Its booming job market, rich cultural heritage, and proximity to popular tourist attractions ensure a well-balanced lifestyle for its residents.

Promising rental yields:

Being an educational, IT, and industrial hub, Pune attracts scores of migrants seeking educational and employment opportunities.

Often dubbed the ‘Oxford of the East’, Pune is home to several prominent academic institutions such as Pune University, Symbiosis International University, and National Institute of Technology.

It is also one of India’s largest automobile manufacturing and IT hubs, housing reputed companies like Infosys, Wipro, Accenture, etc.

These factors have helped establish Pune as a sizable rental market, with rising demands and appreciating prices.

Expanding infrastructure:

Another significant driving force behind Pune’s booming real estate market is its rapid infrastructural development, including large-scale public transport projects like the Pune Metro, the proposed Ring Road project, and the expansion of Pune International Airport.

These projects will increase inter and intra-city mobility, making the city and its suburbs easily accessible. They also increase demand and price appreciation in the real estate sector, making it a lucrative investment opportunity.

NRI-friendly frameworks:

One of the factors discouraging NRIs from investing in the Indian real estate market is their inability to be involved in the buying and property management process firsthand.

However, with Pune’s NRI-friendly tailored property management networks, they can rest assured that all their headaches will be swiftly and efficiently resolved.

Since the RERA Act of 2016, the real estate market has evolved into a transparent and investor-friendly environment, with a supportive legal framework that safeguards their interests.

These factors, along with the city’s affordable and appreciating property rates make it a profitable investment for NRIs.

Attractive properties in Pune:

So, unlock Pune’s real estate potential with Joyville Homes! Their strategically placed and highly sought-after homes offer elegant living experiences with excellent connectivity, holistic living, and world-class amenities.

Explore their affordable 2 and 3 BHK homes in Hadapsar at Joyville Hadapsar Annexe and Joyville Celestia; or know more about their premium 3 BHK Duplexes with family rooms at Joyville Sky-Luxe Edition.

Enjoy the best of both worlds in spacious but affordable 2 and 3 BHK flats in Hinjawadi, at Joyville Sensorium, nestled on the banks of the Mula River.

To learn more about Joville Homes properties in Pune, click here — https://www.joyvillehomes.com/

Benefits Of Buying A Property In The Launching Phase

 

Photo by Jason Dent on Unsplash

Target the right stage for your next real estate purchase

In today’s time, purchasing property involves careful consideration and strategic planning to secure a property that suits one’s criteria.

One of the key considerations factored in by potential buyers is the project’s construction stage.

Each real estate project starts with a pre-launch phase marked by the project proposal’s announcement. During this phase, builders offer attractive price discounts on their projects to attract homebuyers and investors.

The key factor that motivates real estate buyers to opt for pre-launched homes is the affordability and consequent high return on investment offered for pre-launched projects.

Let’s explore some of the key benefits of purchasing properties in the pre-launch phase:

1. Availing early bird pricing: Choosing a property in the pre-launch stage enables one to get a first-mover advantage. Developers offer attractive early bird prices for buyers motivating them to invest in new projects.
2. Staying ahead of the demand curve: Once a project has been launched, its demand in the market starts increasing with potential buyers expressing interest in owning a stake in such projects. Here, making the right strategic investment during a pre-launch phase helps avoid rising project costs later on.
3. Flexibility to choose prime units: While purchasing a home, the choice of preferred unit becomes a crucial factor for buyers and sellers. Buyers prefer closing in on the best units that offer amenities like the best view, floor plan or flat location within the project before closing in on a deal. Similarly, sellers are looking to negotiate the best price with the buyers based on the amenities being offered for the property of their choice. Being an early buyer offers you the flexibility to choose the unit that aligns with your requirements.
4. Potential for high return on investment (ROI): In real estate, the value of a project increases as the construction of the property advances. A property’s rate could increase anywhere between 10% — 40% as the construction finishes. As the area surrounding the property also develops, its value appreciates due to the development changes that attract investors and residents looking for a premium property. Properties developing in highly coveted areas are sought after even as an investment opportunity by buyers looking to rent out the space in the future.
5. Flexibility and adaptability: Purchasing a property in its pre-launch phase offers immense flexibility in terms of payment methods like EMI, and modifications such as additions in design, interiors and furnishings.

A strategic planning process can help you make the right purchase decision based on the stage of project development that you are looking to target.

Joyville Homes under Shapoorji Pallonji Real Estate has 2 new real estate projects: Joyville Celestia and Joyville Sky-Luxe Edition which offer world-class facilities and amenities ₹71.90 lakh and ₹1.5 crore respectively.

Visit https://www.joyvillehomes.com/ for more information.

Originally Published at - https://industryupdates.medium.com/benefits-of-buying-a-property-in-the-launching-phase-967f14bb0372

Why you should invest in Virar?

 

Virar is a suburban town in the northern part of the Mumbai Metropolitan Region in Maharashtra, India. It is approximately 60 km from Mumbai and is known for its beautiful beaches, historical sites, and religious places.

The town is also known for its unique blend of traditional and modern culture, making it a popular tourist destination for local and international visitors. Whether you are interested in exploring its history, enjoying its natural beauty, or simply relaxing on its beaches, Virar has something for everyone.

Over the years, Virar has also become one of the prospective destinations for affordable and good-quality homes in the Mumbai Metropolitan Region. It has witnessed a steady growth in property rates in the past few years.

Let us look at reasons why you should consider investing in Virar in 2023.

• Affordable prices: The property prices in Virar are comparatively lower than in many other cities in the Mumbai Metropolitan Region (MMR), making it an attractive destination for those looking to invest in real estate. According to Magicbricks, the cost per square foot ranges from Rs.3,700 to Rs.5,800.
• Good connectivity: Virar is well-connected to Mumbai via the Western Express Highway. The Virar railway station is a major junction on the Western Line of the Mumbai Suburban Railway. The upcoming Virar-Alibaug corridor will further improve connectivity. Metro Line 13, which connects to Virar, is expected to start in 2026.
• Developing infrastructure: The government and many private sector companies are investing in Virar’s infrastructure today, including roads, railways, and civic amenities like hospitals, schools, and parks. Many shopping centres, recreational spaces, and entertainment zones have come up in the area.
• Growing employment opportunities: The Virar-Vasai industrial belt is home to several large industries, including manufacturing, pharmaceuticals, and textiles, providing employment opportunities to locals and migrants alike. It is also close to top commercial and industrial in Mumbai, with seamless road and railway connections.
• Peaceful environment: One of the top features of living in Virar is the peaceful atmosphere of the region, as it is located on the outskirts of Mumbai and away from the hustle and bustle of city life. Virar also has many scenic and green areas that provide soothing relief from the stressful daily routine.
• Proximity to beaches and other destinations: As Virar is close to the coastline, there are many beaches near the region. Stunning beaches like the Rajodi, Navapur, Arnala, and Kalamb Beaches are all nearby. Furthermore, Virar is also close to historic destinations like the Vasai Fort and the Arnala Fort. There are also many resorts, hotels, adventure camps, and religious places of worship in and around the Virar region.

Overall, Virar offers a good combination of affordability, connectivity, infrastructure, employment opportunities, and natural beauty, making it a great place to invest in real estate. Shapoorji Pallonji’s Joyville Virar is one real estate development to consider in Virar.

To know more about Joyville Virar, its prices, and offers, visit https://www.joyvillehomes.com/joyville-virar/ today.

Originally published at http://realestateandepc.wordpress.com on April 12, 2023.

5 Reasons why you should invest in Hinjawadi, Pune in 2022

 

Hinjawadi, Pune

The best time to invest in property is when the market is on the rise. While there are many property markets to invest in, Hinjewadi is a great choice for your next real estate investment. The Hinjewadi real estate market has been steadily growing, but it has nowhere near reached its peak. With more and more people opting for apartment living rather than living in their own homes, there is plenty of room for this market to continue to appreciate.

Here are 5 reasons why Hinjewadi is a great place to invest right now.

1. The Location 

By the end of 2022, Hinjewadi is set to be the home of a new smart city that is expected to attract over 50,000 people. The demand for property in this area will also increase due to its close proximity to IT parks and other commercial hubs such as Chandan Nagar and Magarpatta City.

2. Inclining Real Estate Trends

Hinjewadi is one of the fastest-growing commercial regions in Pune. The region has seen a tremendous increase in its real estate prices in recent years. This means that there will be more demand for homes by working professionals and families alike! What’s more, this price rise is expected to pick up the pace, even more, in 2022. 

3. Rental Home Demand

With more and more people wanting to move into this area, there is an increased need for rental homes which means that renting out your property can be more profitable than ever before! You can expect 

4. The Decline in Lending Rates

Lending rates are at an all-time low in 2022, making it easier than ever for people to buy homes and other assets like commercial property or land lots in Hinjewadi.

5. Connectivity

You have easy access to everything by road, rail, and air. One great project that you can check is Joyville Sensorium by Shapoorji Pallonji offering 2 BHK flats in Maan Village Road, Pune. Everything you need, waiting for you here. Spacious homes and greater luxury define our Joyville homes. With every aspect of your lifestyle taken care of, you can now focus on what matters the most to you.

Joyville Sensorium

So what’s the delay? Make the most of this investment opportunity today!

Originally published at http://realestateandepc.wordpress.com on May 12, 2022.