[Anuj Goel Pune] Why It Is The Right Time To Buy A New Flat In Pune?

Buying a new flat in a metro city involves tedious fact-finding exercises, comparative studies, calculations and much more. The life changing opportunities offered by Pune can make anyone get attracted to settle down here. Acknowledging the recent market trends in India one should calculate and think about every aspect before investing in real estate. Experts believe that these disturbances in the real estate sector are soon to be overcome. The liquidity crisis is delaying construction operations and it is affecting both the buyers and the builders at the same time.

In this context, Anuj Goel Pune, Director, Goel Ganga Developments, says that the hope of improvement in the real estate market with the proposals from the government and other factors will bring stability and revival to this industry. Let's take a brief look at some major factors that are in favor.

The NBFC's bailout

In a recent event, Finance Minister Nirmala Sitharaman drafted a layout where the government would support NBFC’s by incorporating the first losses up to 10%. This would be for a limited period, and it is expected to help NBFC from the present crisis. According to Anuj Goel Ganga, it will speed up the completion of pending projects and help the builders to handover possessions to the buyers.

New policies for floating-rates

According to the latest commission, the RBI declared that banks have to combine floating-rate loans to the repo rate, it would make home loans seem winning to the new buyers. The banks can offer discounted loans for buying homes. Now, saving money and investments in the property at the same time will become profitable, says Annuj Goel Ganga.

The slashed rates by RBI

In the August, RBI stated a cut off in the repo rates. It has brought reassurances among the home buyers who are applying to home loans. The new repo rates are 5.40% which is the lowest rate in the last five years. Following this new rule, the banks have reduced their interest rates for home loans. It will help in pushing the reserve of inventories in big cities like Pune at a good pace.

The cut back in GST rates

To make affordable homes easily accessible, the government launched new scheme-’housing' it is expected to be delivered by the end of the year 2022. The new changes in the GST rates from 12% to 5 % for the under-construction projects is a big step for real estate. Additionally, the reduced GST to 1% for the projects which are falling under the affordable housing schemes is getting huge acclaim from the people.

With these steps, a new hope is appearing among the new home buyers in Pune. The new home buyer is advanced and understanding to make the right decision, says Anuj Goel Pune Director, Goel Ganga Developments.

[Annuj Goel Ganga] | 5 Benefits of Buying Residential Property in Pune

Pune is the second-largest city in Maharashtra which is preferred for providing sustainable living choices among the new home buyers. It is somewhat opposite to the enchanting Mumbai city in terms of crowd, greenery, affordable houses, jobs, and civic facilities. This is the reason people are getting diverted to this wonderful land and ready to buy flats in Pune Goel Ganga for its endless benefits and high-end living alternatives.  

1. The best part of living in Pune is its vicinity to Mumbai. The city offers a perfect trail of weekend gateways for its residents. Lonavala, Khandala, Pawna Lake, etc. destinations are encouraging the prospective buyers to buy flats in Pune with Goel Ganga Developments.

2. The cost of properties is affordable in comparison to other major cities in Maharashtra and other states. You can easily invest in the real estate and get yourself a new home in the desired budget.

3. Properties such as Ganga Fernhill in Undri, Pune comes with value for money amenities to cater to all the needs of modern-day families. It offers garden, ultimate landscape views, clubs, swimming pools, and play area for children, a secure community and much more to accommodate a luxury lifestyle. Making it a leisure apartment in the area Goel GangaDevelopments Pune is providing world-class facilities in affordable rates.

4. It is an exceptional place to study in leading schools and colleges in India and get a perfect job in a multinational organization with desired perks and benefits. The city has immense scope in IT sector with great opportunities to the job seekers which in return leads to great investment in property in the areas like Magarpatta, Hadapsar, Dhanori, Undri, and Wakad.

5. The city follows a planned and robust infrastructure from the time of colonial rule. It has smooth roads, civic amenities, clean water, sewage system, electricity, over-bridges, railways, and airport. The upcoming Hyper loop train between Mumbai-Pune, extended expressways, metro rail, etc. are sufficient to attract the home seeker to buy residential property in Goel Ganga Developments Pune. 

With these infinite conveniences and great specifications, the city is giving everything anybody looks for. The city is endeavoring a splendid choice over schools, shopping malls, IT Parks, Automobile industry, weekend gateways, scenic beauty, greenery, public facilities, job prospects, affordable houses, etc.

The most promising areas in Pune are Kharadi-Magarpatta belt, Kalyani Nagar, Aundh, Vishrantwadi, Baner and Kothrud. These elite localities are becoming some of the best societies in the state to live with the family. Pune is the next best destination to buy a decent residential property says Annuj Goel Pune, Director, Goel Ganga Developments.  

Why Buying A Residential Property In Pune Is A Beneficial Investment For Long Term Gains?

In India investment in property is considered as a safe and better alternative for long term benefits. Home buying is always an emotional decision for every Indian family. It indicates one's status and prosperity in society. Over the years, nothing much is changed in this industry. According to Anuj Goel Pune Director, Goel Ganga Developments, Tier I and Tier II cities like Pune, Bangalore, Nashik, and Gurgaon are witnessing huge developments in the real estate sector with the growing demand for flats, villas, and bungalows. The life presented in gated communities and self- sustained townships with world-class amenities is in great demand. These add-ons have transformed the scenario of real estate in the last two decades. These commotions have increased the probabilities of owning properties as an asset. With high returns, disposable revenue and urbanization, Indian real estate has covered a long distance.

With reference to the trade pundits, Annuj Goel Ganga says that this industry is expecting to reach USD 650 billion by 2025 in India. With these speculations, real estate becomes more suitable for investment purpose. In comparison to other options like mutual funds, bonds, jewelry, and stocks, real estate prevails as a favored choice. Experts say that the risk tendencies in this sector are less effective than the stock market. Here the buyer can apply for a higher loan amount by involving a spouse's income. It also becomes a source of timely rentals. If the asset is used by the owner itself then it saves a lot of money over expenses. It becomes more chosen because no other asset can be purchased through a loan from the banks. Share and stock give profits and good returns but they are connected with a risk too. Therefore, in expert’s opinion it is a better alternative to buy flat in Pune. Because they prove to be a reliable and appropriate means for investment.  

Recently, the Government also initiated affordable housing schemes like PMAY and other state-level schemes. The applicant can look for the MIG, LIG and HIG houses as per his needs and budget and ask for the subsidy facilities. In the words of Annuj Goel Pune owner, Goel Ganga Developments RERA and GST have considerably influenced both the home buyers and the builders. These reforms are contributing greatly to the growth of India's economy. Primarily, this sector was not so organized and coordinated; the buyers were facing delays in possessions and other issues. But the onset of RERA is bringing new changes. This has increased the transparency, liability, and credibility of this industry. Now, people are seeing concrete results and getting their cases resolved. Similarly, GST has replaced multiple charges of different taxes. With GST the builders can avail a hundred percent ITC on raw materials. It will reduce construction prices and give better results in the future.

In the end, investing in property gives profitable returns. So before investing in a new residential project in Pune compare the benefits of its location, the value of the chosen land, its expected cash flow, and appreciation.

5 Reasons Why Luxury Flats In Pune Are In Great Demand

To live in a great community and a central location is not enough for the new-age home buyers. They are looking for luxurious facilities in their flats for ultimate experiences. These unending needs are increasing the demand for luxury apartments in Pune city. The developers are playing a big role in delivering smart and luxury flats with world-class amenities in elite localities of Pune.

Annuj Goel Ganga, Director, Goel Ganga Developments, says the demand and supply of luxury housing is emerging as a major table turner in the real estate industry in the last two decades. The desire to get more facilities and enhance the lifestyle has given birth to the need for Luxury apartments. Moreover, it holds a great prospect for both the builders and the buyers in the coming future.

Adding his views in this concern, Anunj Goel Pune says that there are several reasons why people are aiming towards luxury homes-

Safety and security

No doubt, safety of the family comes in the first place. These luxury apartments are perfect in this aspect. With adequate security facilities like CCTV cameras, security guards round the clock, covered parking spaces; no strangers are allowed without the resident's permission, etc. These facilities are fascinating the new home seekers towards these flats.

Good neighborhood

In the words of Annuj Goel, these gated communities are safe and secure in every way. They are occupied with excellent amenities and an advanced management system. There are clubs, yoga centers,swiiming pools, kitty clubs for ladies and indoor and outdoor playing area for the children. These luxury apartments are helping people in accomplishing their dream to be a part of a reputed social circle. Additionally, there are plenty of occasions to spend quality time and interact with different people and celebrate life.

Healthy choice

The residential projects like Ganga Florentina, Ganga Newtown, Ganga Amber are situated in between the lush green acres of garden lands to provide open space, pure and serene landscapes away from the hustle of the city. With time Pune is being overcrowded, in this case, these luxury apartments are a great escape to reinvigorate and lead an exotic life with the family.

Value for money

Builders like Goel Ganga Developments are bringing quality projects to cater to every need of the new-age home buyers. The 2 bhk/ 3 bhk flats in Dhanori are valued for money. These flats are much more than just a valuable asset in your inventory. The designs, layout, architecture, and facilities are exceptional in every way. Modular kitchen, escalators, green tracks, clubs, swimming pools, and other facilities are providing great experiences to level-up your state and living standards.

Offering an unique experience

The localities like Undri, Nibm, Dhanori, Hadapsar, Baner, Tathawade are developing on a big scale. Annuj Goel Ganga says the location advantages are yielding a great hype and making everything convenient and hassle-free for the buyers. Like from Dhanori the Airport and railway station is just a few minutes’ drives away. There are good schools, banks, hospitals, and everything to make life easy and convenient.

In the end, Anunj Goel Pune adds that the cities like Delhi, Mumbai, Bangalore, and Pune are overflowing with great builders who are proposing high-end projects to cater to the needs of today's buyers with best options.