It is said that real estate is the best kind of investment you can make. Whether you are looking for a house as an investment or your first home, making the right choice is important. Do you live in or near Pune? Then you will know all about the economic and real estate boom the city is experiencing.
If you are on the lookout for your first home or a real estate investment, then look no further than Shapoorji Pallonji Joyville. Make your dream of owning your first 2 BHK flat in Pune come true.
# Pune: Your destination of choice
Industry is flourishing in Pune. People from all over are visiting the city for job opportunities. The city has often been called a college town because of the many education campuses there. Now more and more young professionals are flocking to the city.
Pune has milder temperatures than nearby Mumbai. Many people compare Pune to Bangalore for its pleasant weather and booming IT industry. The city has expanded in the last decade like never before, and is popular with youngsters, young adults, and families.
This is because it has plenty to offer in terms of education, employment opportunities, entertainment, and even holidaying. Surrounded by the Western Ghats, Pune is close to nearby hill stations like Mahabaleshwar and Lonavala.
# A 2BHK flat in Pune: Your investment of choice
You will find many builders pushing the sales of 3, 4, and even 5 BHK flats in Pune! They lure investors with the idea of bigger is better. But, when it comes to real estate investment, this may not be the case. Let us go through a few reasons why a 2 BHK flat is the best form of real estate investment:
Cost: When it comes to cost, 2 BHK flats are cheaper than larger 3/4/5 BHK flats. But then would a 1 BHK flat not be a better option? Not really. You may be able to buy a 1 BHK flat for approximately Rs.21–55 lakh. Prices will differ depending on the location and amenities offered. By stretching your budget a little more, to Rs.75 lakh or Rs.1 crore, you can buy a 2 BHK flat in Pune. And a property like Shapoorji Pallonji Joyville can offer you the best 2 BHK flats in Pune.
Higher resale value: Nuclear families are the norm in bigger cities in India. So, the need for many rooms has reduced over time. Young families starting out in their lives also prefer to buy 2 BHK flats. This is because they are more affordable while offering adequate storage space. In contrast, a 3 BHK would be too huge and more expensive while a 1 BHK would be too cramped.
Lower maintenance costs: The bigger the apartment, the higher your maintenance costs. In this respect also 2 BHK flats offer you lower maintenance costs along with comfortable living. Your investment in a flat will not be a drain on your savings.
Earn from your investment: You may choose not to stay in the flat but may not want to sell it either. In that case, you can rent out the flat. Here, your 2 BHK is of greater advantage to you than a 1 BHK or 3 (or more) BHK flats. Most young professionals prefer to rent 2 BHK flats in Pune, or similar cities. Unmarried people also share 2 BHKs with a colleague, friend, or classmate. Thus, your investment doubles up as a source of income for you.
# Financing your investment
An investment in real estate involves a lot of money, the kind that few of us have lying around. So taking a housing loan is a given when buying property. If you are only considering bank home loans, broaden your scope to look at home loans offered by non-banking finance companies.
For example, Bajaj Finserv Homes & Loans offers home loans up to Rs.3.5 crore at lengthy tenors of up to 20 years.
Pune is one of India’s most liveable cities. And there is no time like today to invest in real estate there. Property prices have not skyrocketed like Mumbai or even Delhi. At the same time, the city is enjoying the influx of job seekers every day.
So look no further than Shapoorji Pallonji Joyville to invest in a 2 BHK flat in Pune. You can use the flat for yourself, rent it out, or use it as a holiday home for your family.