Helpful tips to maximise your returns when investing in ongoing projects in Pune

by Kasturi Pillay Developer

Hey there! Are you looking to invest in ongoing projects in Pune? If so, you are in luck. Not only is Pune one of the fastest-growing cities in India, but it's also home to some great investment opportunities. However, like with any other investment, there are some inherent risks involved in the process. So, we have compiled a complete list to help you maximize your returns and avoid any pitfalls. Let's dive in!

Understand the Pune Real Estate Market

Before you jump into investing in an ongoing project in Pune, it's important to understand the local real estate market in Pune. But don't fret, you don't need to be a real estate guru to do this. Just keep the following points in mind:

• Location: If you want to pay more for a property, always go for a prime location. If you're on a tight budget, you can consider the fringes and peripherals.

• Infrastructure: Good infrastructure like roads, public transportation, and hospitals will always help to increase property prices.

• Supply and demand: If there are more properties than buyers, prices may drop.

• Developer reputation: The reputation of the builder is very important. Choose a developer with a good track record.

Research Ongoing Projects

It is very important that you do your research before investing in ongoing projects in Pune. Here are some ways to go about it:

• Online research: Check out online resources like Google to find information about ongoing projects in Pune.

• Visit project sites: Visit the construction site to get a feel for the location and the work progress. You can also plan a meet with the developers or sales team to learn more about the progress and completion dates.

• Attend property expos: If you have the time, attending property expos can be a good choice to get a sense of the current market trends. Plus, you can compare prices and features from different developers.

Consider the Location

Location is key for any real estate. Keep these factors in mind when considering the location of the property:

• Connectivity: If you are looking to spend more on an ongoing project in Pune, choose one that's well-connected to major hubs.

• Proximity to amenities: Choose an ongoing project in Pune that's close to schools, hospitals, shopping centres, and entertainment options in the area.

• Future development plans: Look into future development plans in the area you are considering. They can have a positive impact on property prices.

Choose the Right Developer

Choosing the right developer is critical. Remember to keep these factors in mind:

• Previous projects: Take a look at the builder’s portfolio of previous projects to get a sense of their quality and style.

• Reviews: Check reviews and ratings on the internet to see what previous buyers have to say about the developer's projects and service.

• Financial stability: Make sure the developer is free from any incumbencies and has a good reputation in the market.

Consider the Amenities

The amenities offered by the ongoing project in Pune can impact the price and desirability of the property. Here are some amenities you need to consider before investing:

• Security: Choose a property that offers 24/7 security and proper CCTV surveillance.

• Parking: Make sure the property has adequate parking facilities.

• Clubhouse and recreational facilities: Try to look for a property that offers amenities like a clubhouse, gym, swimming pool, and other recreational facilities.

Assess the Risk

Investing in ongoing projects in Pune comes with its fair share of risks. As a responsible investor, it is important to be aware of these risks:

• Market risks: The real estate market is subject to fluctuations, and prices can go up or down based on market conditions.

• Construction delays: Delays in construction can impact the completion date of the property and can also result in additional costs.

• Regulatory risks: Though highly improbable, any changes in government regulations or policies can impact the real estate market and property prices.

Consult with Experts

Before making a final decision, consider consulting with experts like a real estate agent or property consultant. They can provide you with valuable insights into the local market and help you navigate the buying process.