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Checklist for Buying a Home in Hinjewadi

Out of most of the things in your life, your home is perhaps the most prized possession. And, this says a lot more about you than you may imagine. So, it is natural to be very particular about your choices and preferences when you’re searching for the perfect house. It will require a lot of your time, effort and patience.

Buying a home has always been a tough task, however, a step-by-step guide can be helpful to you when it comes to your hunt for that 2 or 3 BHK flat in Hinjewadi, Pune.

 

To save you some of the trouble, read through this helpful home buying checklist. It will cover the most essential guidelines that you will require to pick your perfect home in and around Hinjewadi, Pune.

So, what should you look for?

1. MahaRERA Approval

MahaRERA

 

Source: https://maharera.mahaonline.gov.in/

 

MahaRERA may appear to you as an unknown term, but when you’re looking to invest in properties, you most definitely should understand its basic concepts. It is the Real Estate Regulation and Development Act of 2016, which came into power on the 1st of May, 2017.

 

The primary objective of MahaRERA is to protect the interests of home buyers during the construction period of the project. So, if you’re thinking of buying a 3 or 2 BHK flat in Hinjewadi, do check for the MahaRERA approval of the project you are investing in.

2. Know your Budget

If you’re investing in property then you need far-sightedness. You should know how much your total budget is, and what is the stretch-ability that you can afford.

 

Consider parking charges, registration and stamp duties, new furniture and furnishings, and more. All of these will contribute significantly to your total expenditure, based on the cost of the flat.

 

Estimation of the total costs of running the house, in comparison to your monthly income is also vital. It will include maintenance charges, commuting charges, and property taxes.

 

 

 


Related Post - What are the available options for Home Financing in Pune?


 

 

3. Location is Important

The area where your house will stand tall and proud is critical. The site of your home will have several important roles to play. It should allow easy transportation and good connectivity, especially if your abode is in the suburb of a big city.

 

Kohinoor Group’s Tinsel Town in Hinjewadi is continuously evolving and is now providing a full-fledged bus service for its residents. Areas like these develop quickly and provide adequate transportation modes to get to the city centre smoothly and in time.

4. Research the Builder’s Past Achievements

If you are thinking about investing in ready possession flats in Hinjewadi, it is critical to look into the past achievements of the builder. You should run a thorough check on the builder’s history, other projects, market reputation, etc.

 

It will allow you to get a better view of the overall quality of the company, the work it does and whether they stick to their commitments. You can also ask the current occupants, if any, about the efficiency and credibility of the builder.

5. Future Growth

 

Future Growth -Real estate investment - Pune

 

Only the location of the apartment building will determine the future growth. A suburban area which allows you to easily commute to the city centre will surely thrive and grow larger with time.

 

Considering the growth potential will also allow you to determine whether your apartment will fetch a favourable price for renting it out or future sale.

 

6. Scrutinising Documents

 

documents to verify when buying a ready possession flat 1

 

Scrutinising every single document related to your potential home purchase is arguably one of the most crucial elements. You should be extremely careful while going through the official papers of the house. It will be wise if you consult a good professional lawyer for the purpose.

 

It will be difficult for a regular person to understand the intricacies of the documentation and paperwork involved in buying a flat in Hinjewadi, Pune. It will include title deeds, professional certificates, approvals from the Municipal Corporation, etc. When and if there is a resale, the document will cover property taxes, receipts, and loan release papers as well.

 

 

 


Related Post - List of Legal documents you require when buying a Property


 

 

7. Scanning the Area

Despite what any brochure or Google map will tell you, a human being will always have a unique perspective about an area. Talk to potential neighbours or the security personnel in the residential complex you are considering.

 

Inquire about aspects like water supply, electricity lines, security standards, accessibility to markets and grocery stores, medical facilities, day care centers, schools, gyms, and others.

8. Bond with Neighbours

Your neighbours are the people you can quickly rely on in an emergency condition. It is always advisable to stay among like-minded people of a similar demographic.

 

Even daily bonding, society meetings, get-togethers become much more lively and exciting when people of a similar mindset get together for a common cause.

To conclude

Buying property is possibly one of the biggest decisions you will take in life. It is a big responsibility that you have to handle for the security and well-being of yourself and family.

So, diligence is of utmost importance when purchasing an apartment. If you consider the points given above, then you will receive what you expect, and the entire process will be smooth and hassle-free.

 

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