3 Essential Tips For Buying Property in East Kharadi

Kharadi is a prime locality of Pune. Located in the city's eastern part, off late Kharadi has gained importance as a prime residential area because of its proximity to the airport and IT hubs. The property prices in Kharadi have increased significantly in recent years because of its excellent connectivity, good infrastructure, and easy access to IT hubs and other employment zones. Compared to different areas, Kharadi commands one of the best rental yields for residential projects in Pune. This is the reason investing here can be a very lucrative opportunity.

Let us look at three important factors before investing in Kharadi apartments.

Research

Like any other investment opportunity investing in real estate also requires proper research. By knowing your budget, you will have an idea of how much you’re able to invest in the property. This will help find projects with 3 BHK flats in East Kharadi that fall within your budget. It is also important to know that the project has good access to public transport, rails, roads, and other basic requirements. It should be easily accessible to schools, hospitals, colleges, and recreational areas. The most important part is to know that the project you are investing in is safe and secure, it should be located, in a residential area so that unwanted risk is minimized. Families with senior citizens and children should give this aspect top priority.

Developer Reputation

After shortlisting several projects that fall within your budget, the next important step is to research the reputation of its developer. If you are looking for 2 BHK flats in East Kharadi, choose a developer who has successfully delivered projects in the past on time. An important part is to visit the earlier projects completed by the developer in Pune so that you have an idea if the developer is credible and provides good construction and timely delivery. Stay away from developers who may give lucrative deals but do not have a good track record of delivering projects on time. By speaking to residents of previous projects and doing research online, one can get a good idea about the developer's reputation.

Legal Due Diligence

Documents concerning the land on which the project is going to be developed should be checked. The title should be clear without any pending legal cases or any other income. The developer should have all the necessary documents and permissions from the authorities that are required to prove that the project is legitimate. Before making your payment, make sure that you have verified all the documents with a legal expert. Demand for the Completion Certificate and Occupational certificate before taking possession of the property.