Anuj Goel Pune | On the Real Estate Market Trends in Coming Future

However, even in these bleak and monotonous situations, we have to find fresh hopes that new trends will accelerate the future of Pune’s market. We all know that this year was not different from the last few years for new home buyers, says Anuj Goel Pune. It was a tough year for the entire Indian real estate. The ongoing liquidity crisis, slash down in GST and repo rates were also not much effective to bring any change in the market trends. 

In the past, prices were dormant and the developers mainly focused on clearing the inventories rather launching new projects. Undoubtedly, the property market in the metro and other big cities in India is a promising field for investments. He further adds that this craze for affordable housing is going to stretch in the future as well. The Pradhan Mantri Awaas Yojana is transforming the entire residential sector. Both the demand and supply are ticking up this industry. 

As the government is promoting both the developers and the home buyers equally. With various subsidy plans and schemes to avail, and the benefits of home loans are affecting the entire housing sector. The recent Smart City campaign has influenced more than 100 cities in India. This situation can prove beneficial for Goel Ganga Developments and others in Pune to invest and make the best out of this opportunity. This drive has affected the entire construction industry to large extents. 

In the words of Anuj GoelPune the real estate market is supposed to achieve huge profits in the coming few years. No doubts, Pune’s real estate includes retail, commercial, and hospitality and all of them are expanding significantly in the desired direction catering to the needs of developing India. The progressive growth of MNCs, automobile plants, e-commerce brands, hotels, etc. have inflated the demand for influential real estate ventures in Pune in the last two decades. 

The increased rate of investments and developments in this industry are making a positive impact on future trends. The speedy progress in the urbanization has increased the need for residential properties in Pune. This trend is not untouched in the Metro cities like Chennai, Gurugram, Chandigarh, Nashik, Bangalore, and Hyderabad also. They are becoming a hotspot destination for the new home buyers. The result is a huge overflow of luxury and affordable flats with the best amenities in the past few years from the house of Goel Ganga Developments, Pune.  

As per the RERA Act regulations, the builders had to register their ongoing projects and give routine updates on the current status of their projects on the websites. This step has expedited the delayed deliveries of houses. The builders will be forced to pay heavy penalties if found dishonoring the laws. The added articles for the rights of the home buyers under the MAHA RERA act is a huge win-win moment for Pune's market. It has changed the mindset of the customers and proving beneficial for the reputed builders in Pune, says Anuj Goel Ganga.

The Finance Minister has come up with an imperative statement in a recent event to help the realtors on a big scale. Soon a stress fund will be released from the government’s end to ease the at present situation of the Indian real estate. The entire industry is expecting that with these changes, the liquidity crisis, delayed projects, and the slashed market will improve the year-end. 

[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.

Facts and Myths about Carpet Area You Need To Know

As a prospective home buyer in Pune, it is beneficial to understand the basic terms used in the field of real estate. Knowing simple facts will exempt you from making silly mistakes which may result in big blunders. Home buying is not an easy task. The transforming methods and means are making it accessible and comfortable for everyone. These days’ reputed builders in Pune are discussing the facts and myths with their customers to maintain a healthy relationship.

The most popular term used by the developers and agents is the Carpet area. You can get the details about it from Google. Here, Goel Ganga Developments simplifies the confusion between Carpet area, built-up area and the super built-up area that are common between the new home buyers.

What is Carpet Area?

In simple words, it is the area which you can cover by a carpet. It is the area which is available for use excluding the wall area. It means the actual area which can be used inside the house; it does not include the lobby, lift, stairs, etc. Mostly the carpet area is about 70% of the build-up area. When you are looking for a 1, 2, 3 bhk flats in Pune focus on the carpet area and then make any further decision. It is the actual space that you will get in the house to use.

What is Built-up area?

It is the area that you get after adding the carpet and wall area. The wall area is the thickness of the inner walls. It is approximately 20% of the built-up area. You can easily find actual built-up area details in any of the Goel GangaDevelopments Pune residential projects. For example, if you are getting a built-up area of 1200 sq. ft, it means approx 30% that is 360 sq. ft, is not for use and you can utilize the remaining 840 sq. ft.

Super built-up area is the most common term used among the real estate agents these days. It is the area which they calculate by adding the built-up area and common area like lift, lobby, corridor, etc. Nowadays, builders try to add the pools, garden, and clubs in the common area. Most of the builder's charges based on the super-built-up area or the saleable area. 80% of contractors measure the base amount considering the super built-up area. In easy terms, the more the amenities they are offering the higher the super built-up area becomes. It is the time to make smart choices when you are going to buy a new home in Pune. You can put your savings for a rainy day by choosing Goel Ganga 

Undri’s Transformation into a Demanding Residential Zone

Pune is noted for its fascinating history from the time of British rule. In recent years, the constant expansions and demand for opportunities set a new benchmark for the skyline of Pune. The major growing areas in Pune are Wakad, Hadapsar, Hinjewadi, Keshav Nagar, Tathawade, Nibm, Wagholi, and Undri. The area of Undri-Pisoli is an insistent residential locality in the South side of Pune city. It's proximity to important IT spots and industrial areas established it as a most demanded residential zone. Buy residential property in Undri.

People also call it a micro-market having smooth access to various localities and convenience centers. Being located adjacent to Magarpatta SEZ, SP info city and Hadapsar, Undri is providing major employment requirements to the locals. There is an increasing demand of residential propertyin Undri.  

Talking about convenience and basic need it is successfully fulfilling the requirements of its residents. There are more than fifteen reputed schools, branches of major banks, multi specialty hospitals, well-equipped grocery stores, branded eating outlets and other essentials can be easily spotted.

The recent evaluation of the properties as per the realty experts, Undri is offering 4,020 - 59760 Rs per sq ft which is comparatively less and affordable than any other area. If you are planning to buy a 1 bhk in Undri it will cost you around 33 lakh on an average. Which is cheap and pocket-friendly for a mediocre family? The added features of this area other than the nearby industrial estates Undri is its location. You can easily travel to the airport in half an hour as it is just 18 km away and the railway station is around 11 kms from Undri.

All these inferences are making Undri a demanding locality and inviting big realty companies. One of the reputed builders in Pune is Goel Ganga Developments. There project Ganga Fernhill is a remarkable piece of man made marvel. It is well-equipped with the best amenities and resources. It has a wide range of flats from 1 Bhk to 3 bhk luxurious living spaces to enhance the lifestyle in a pocket-friendly price range. The flats are embellished with modern-day needs like escalators, power back-up, CCTV security, safe environment, parking space, modular kitchen, green parks and playing areas for adults and kids and much more.

With these specifications, the residential project of Ganga Fernhill is attracting the new home buyers. As the builders are promising to provide the ‘Sapno ka Ghar’ in a budget rate. The project is almost in the last stage of completion. It is expecting to start the deliveries by the end of this year or by next year. So just be ready to find your dream home with Goel Ganga Developments, Pune.