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

by GoelGanga Developments Real estate

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.