Buying a flat in Hinjewadi, Pune’s western suburb has emerged as a hub for IT companies and is witnessing rapid development. This has led to an increase in the demand for residential properties in the area. The location is also convenient, with good connectivity to other parts of Pune through major roads and highways. Additionally, the presence of various amenities such as shopping malls, hospitals, schools, and the upcoming metro project make it a desirable location for families and individuals.
If you are considering buying a flat in Hinjewadi, Pune, Here are 5 things to check before making your purchase
1. Reputation of the builder:
Before investing in a flat, it is important to check the reputation of the builder. This can be done by researching online, checking reviews, and visiting the builder’s past projects.
According to a survey by Anarock, 75% of homebuyers consider the reputation of the builder to be an important factor when buying a home.
If you are looking for a reputed builder, Pride Purple can be a great option. But don’t take out word for it as you can check out our immaculate Projects Park Connect, Park Astra, and Park Titan in Hinjenwadi.
2. Connectivity:
The location of the flat plays an important role in determining its value. Hinjewadi is well-connected to other parts of Pune through the Mumbai-Pune Expressway, Hinjewadi-Wakad Link Road, and the Pune-Bangalore Highway. According to a report by Magicbricks, apartments in Hinjewadi are in high demand due to their proximity to IT parks and other important commercial areas.
3. Amenities:
It is important to check the amenities provided by the builder before buying a flat. Amenities such as a swimming pool, gym, balcony, Wi-Fi, parking, pet-friendly parks, libraries, amphitheaters, and clubhouse can greatly enhance the quality of life for residents. According to a survey by Square Yards, 92% of homebuyers in Pune consider amenities to be an important factor when buying a home.
4. Legal checks:
It is important to ensure that the property is legally clear before making the purchase. This can be done by checking the title deed, approved building plan, and occupancy certificate. According to a report by The Economic Times, buyers should also check if the project is registered under the Real Estate (Regulation and Development) Act, 2016.
5. Resale value:
While buying a flat, it is important to consider the resale value of the property. This can be determined by checking past trends in property prices in the area and the demand for properties in Hinjewadi.
According to a report by Knight Frank, the demand for properties in Hinjewadi is expected to remain strong due to the growth of the IT sector in the area and Hinjewadi is one of the top micro-markets in Pune, with a high potential for capital appreciation.
However, as with any investment, it is important to conduct thorough research and due diligence before making a purchase decision. In conclusion, if you are considering buying a flat in Hinjewadi, it is important to check the reputation of the builder, connectivity, amenities provided, legal clearances, and resale value. These factors can help you make an informed decision and ensure that your investment is a wise one.
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