THINGS YOU WILL EXPERIENCE WHILE BUYING A HOUSE

Buying your first home? Then you must have gone through the precautions to be taken before buying it. Buying a home first time is an experience in itself. But sometimes this experience can be a hassle and sometimes it can be great.

Pune is going to be one of the metropolises in India. Since the time, Pune has offered really great opportunities to migrants from all over India. Looking at the development in the various sectors the developers offering great deal on real estate properties in Pune.

When you are buying a home you obviously look after the few aspects before buying it. Such as surrounding area, the cost of property and predominantly the future benefit of the property. Unique group builders in Pune are offering great deal of 1, 2, and 3 BHK flats in Pune area.

According to the study of experts buying a home is full of different experiences. We have tried to shed light on some of these experiences; we hope it will help you to understand where you are?

Excitation will be there:

After making a decision of buying a home you will be definitely skimming various brochures from different real estate developers. And you will feel thrilled with the thought of actually living in one of those pretty spaces. Whatever you see, it gets you excited to purchase a home as soon as possible.

While experiencing the excitation you must care about the process and the most important thing to consider is that you should not take any decision in a rush.

The cost will affect you:

Buying a home is the biggest investment of lifetime. So, it is natural that the hike in real estate market will make a difference in your planning to buy a home. It is always better to have complete knowledge of finance and related terms.

Generally, when you buy a home it includes all legal fees, taxes, and interest also homeowner’s dues. These go on top of a house’s purchasing price.

Realization:

After making few visits for your dream house, you can actually estimate or realize if it is in your budget or not and if you would be able to make the down payment for it. You even have to self realize if you would be able to come up with the required amount at that point of time. Thus, you would realize that the financial preparation for buying the house is very essential.

Legal Terms will bother you:

Buying a house is the web of legal terms and conditions. The contract you will be signing that will be most unfamiliar to you. It’s best to go ahead and familiarize yourself with basic terms you may find in the contract.

You have to be smart while buying a house. You have to be careful of faux brokers. People will try to trap you in legal terms. So it is always good to have your own legal consultant. But even so, you’d still need to peruse the documents on your own.

You will face Trust Issue:

It is not necessary that if the developer is popular, he is trustworthy. To find a developer whom you can trust, you’ll need to consider not just the name but for instance; you can visit a completed project of that developer to check the quality, value, and lifestyle it offers. You can also ask the residents for their opinion about the developer. You should also look for the track record.

There are few more things to do:

It is an intimidating thing that you are buying your first house. Ask the right questions and spend enough time on reading the related documents of legal terms. It will help you to minimize the problems occurring in the path. While the search isn’t too easy, you’ll certainly make a smart decision by making comparisons.

Unique Group developers in Pune are one of the trustworthy builders in Pune. The entire process of buying a property with them, including costs and financing options, is very flexible and non-hectic.

Their projects in Lohegaon, Dhanori, and Ravet can be the best option for any buyer.

There are various benefits of buying a flat in Pune, The proximity of Pune to Mumbai, Industrial growth, and employment. Lots of people are migrating and settling down in Pune from all around India. It is the best option for them to take chance on real estate deal offered by Unique Group Pune

Reference: http://www.uniquegrouppune.com/blog/things-you-will-experience-while-buying-a-house

TYPE OF PROPERTY YOU BUY!

What is Budget property and Luxury property?

Generally, huge number of home buyers looks for the budget property. Budget properties are the target of middleclass or lower-middleclass people. Finding a budget property at the prime locations of the city these days is a crucial thing. But looking over the expansion of Pune city, one can find the budget flat in Dhanori, Lohegaon and Ravet area.

For the investors with small budget these suburbs of Pune are the best investment option. As there is increasing demand of budget properties, builders in Pune are focusing on providing the quality budget homes.

But there is another class of people who can afford luxury at any cost. In general, this kind of property is exclusive and unique. Primary factor of this type of property while selecting, is the location. But with the new trend of extremely prime and ultra-modern projects coming up even in newer areas, this is no longer a reality.

What is meant by exclusivity?

Exclusivity comes with price you pay! Considering the exclusiveness, it means that proximity to other high-end residences, social areas like shopping malls, parks and sports complexes.

In areas like Ravet, PCMC where planned urbanization has preserved a lot of the available green cover, natural beauty is also a parameter to calculate its exclusiveness.

Generally, the luxury property buyer wants all the amenities that are the necessity of lower-middle class people, just on large and expensive scale. While budget home buyers are satisfied with rudimentary security, regular maintenance of the project and basic fixtures and fittings. In case of luxury homeowners, they expect advanced facilities and project management that provides a seamlessly comfortable, convenient and visually enriching experience.

Unique group Pune, are providing residential projects in Ravet. Good range of homes for middleclass people to overcome the hurdles of buying a new home is the opportunity to excel in their life standard. It is but obvious that, luxury properties cost a lot more than budget. Do luxury properties make more sense investment-wise than budget homes?

This debate on budget & luxury property is unending. However, market readings also indicate that the number of first time home buyers in India is on the rise – and these buyers all seek the good surrounding, refined housing with necessary facilities. Moreover, they are mostly dependent on home loans and don’t have enough wealth to make outright purchases.

The project presented by Unique Group Pune is blend of luxury and budget. It is good opportunity for home buyers to invest their money where they can get good benefit and guarantee of flourishing future.

Also, over the last couple of years, a volatile economy has significantly impacted pricing of luxury homes, making them more affordable.

Although with a sudden increase in number of home buyers, it will not be hypothetical to say that this is the era of buyers and sellers. The new act passed by the government is a boon for both the buyer and the seller.

Despite of hike in the real estate market, investment in a luxury integrated township in the Pimpri- Chinchwad Municipal Corporation makes a lot more sense that investment in a small budget housing project. Luxury Housing Township is because it offers residents neighbors of comparable status and purchasing power, highly adequate facilities such as open space and garden.

One can have this question in mind while buying a home that which property gives you more benefits in future. Generally, lower-end real estate needs lower capital, which makes it especially appealing to small-time investors. Luxurious real estate, however, is an asset class reserved for people with a lot of capital to spend on a prime residential property.

Looking over the years, middleclass prefer the changes according to their needs. They are always in search of 1, 2, 3 BHK flats. Unique Group Pune is offering great deals for such buyers.

Reference: http://www.uniquegrouppune.com/blog/type-of-property-you-buy

Time Were..INVESTMENT Is A New PROFIT

When you think about buying real estate, the very first thing that probably comes to mind is your home. Property is playing as a hedge against the stock market. However, while the real estate has become a popular investment vehicle over the last 50 years, buying and owning brick and mortar is a lot more complicated thing than investing in equities and bonds. In this blog, we'll give you the reasons to invest in property.

Buying real estate is widely considered as a safe bet by your Indian investors. Like every other market, real estate market too has its highs and lows. For cite, between 1988 and 1994 the real estate market had boomed, and the prices for most of the properties went up by over 10 times during this period.

The market has witnessed a huge amount of decline in the number of people buying residential properties. The most important reasons for this is the fact that property prices remain high as compared to the average income of individuals.

There is end user interest, but what our buyers are waiting for is reasonable and affordable prices

Now, the government has announced two new subsidy slabs to stimulus our real estate market.

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    The slabs now can apply to loans with a tenure of up to 20 years, and that too the limit of 15 years.

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Income bracket of homebuyer will now decide their subsidy at different rates

If you earning up to Rs 18 lakh per annum, buying your first house will cost nearly Rs 2.4 lakh less as the government will contribute a part of your home loan interest. At present, this contribution is available to only those earning up to Rs 6 lakh per annum.

The government has declared two new subsidy slabs to induce the real estate market and achieve housing for all by 2022. The slabs will apply to loans with a tenure of up to 20 years, as against the limit of 15 years now.

On December 31, 2016, PM of India Narendra Modi had announced two subsidy schemesunder Prime Minister Awas Yojana (PMAY).

Now, Home buyers will get their subsidy at different rates depending on their income bracket in which they are in. People who are earning less than Rs 6 lakh per annum will get a subsidy of 6.5 percentage points on a principal component of Rs 6 lakh, regardless of their total loan amount. If they have borrowed money at 9% interest, they will pay only 2.5% interest on Rs 6 lakh, and 9% on the remaining amount.

In the next bracket, people who are earning up to Rs 12 lakh per annum will enjoy the interest subsidy of 4 percentage points on a principal component of Rs 9 lakh, and the most high income category of Rs 18 lakh per annum will enjoy a subsidy of 3 percentage points on a principal component of Rs 12 lakh.

The net benefit for all the three categories over 20-year loan tenure is roughly Rs 2.4 lakh, and the monthly installment is decreased by roughly Rs 2,200. This subsidy benefit under PMAY is in addition to the income tax benefits on home loans, which can go up to Rs 61,800 per annum for someone in the 30% tax bracket.

Under the scheme for the low-income group people, the government had subsidized around 18,000 first time homebuyers, at a cost of around Rs 310 crore. A senior NHB official has also said that the disbursal rate is likely to go up as the middle-income category has been brought under the scheme.

The right approach in the current market environment is to invest in home property projects by reputed developers like Unique Group in Pune, in growing locations. These developers will surely deliver on the promised quality as well as possession timelines

With several big infrastructure projects like the Goodwill Nirmiti and Aeropolis here gives you the opportunity to make yourself lucky enough so that you can enjoy the decisions of government.

For those who wanted to buy homes but were sitting on the fence because of the high rate on loan interest amount or the one who are hoping for further rate cuts, this might be the right time to take the plunge.

All these make the present time a very suitable one for buying a home from top builders in Pune..

Source : http://www.uniquegrouppune.com/blog/time-were-investment-is-a-new-profit

                                                                                                   

OWNING A PROPERTY IN PUNE CITY WILL MAKE A HUGE DIFFERENCE TO YOUR LIFE!

In terms of real estate, amongst all the promising cities in India, Pune &Pimpri-Chinchwad made through the list. The trend in the real estate market of Pune reflects sheer optimism, hence depending on your financial situation, you can select the property as per your choice. Just to remind oneself… buying a dream property will also help you in tax benefits.

When you are planning to buy a property in Pune, the locational advantages, neighborhood as well as the infrastructural opportunities will help you in selecting the right property.

Apart from this, you need to ensure that there are enough contingency funds to take care of other emergency situations,sincebuying a property would be a long term financial commitment.When you are buying a new house, go for an eligibility calculation for home loan and plan it accordingly…

Following are the few advantages of buying a new home

- Buying a home offers the long-term benefits of security and potential growth in personal wealth.

- The value of home goes double over a perid of time if the location is desirable for most. If you are planning to sell, you can earn a good profit off the sale.

- When you buy a home it becomes your legal property, which allows you greater freedom without restrictions.

- Being a owner you will have full control on the creativity with respect to your own house’s interiors and exteriors.

- You can also generate income from renting, this is one option which can help you inpaying your monthly EMIs for home loan.

What to Keep in Mind While Buying a House In Pune?

Buying a house is not just a big Investment; it’s also one of the most biggestand important investments of your life. That is why it’s of utmost importance that you invest on right kind of property.

1. The main thing to be considered is the location of a house. On the off chance that the concerned house is not in a good location , there is no point spending a considerable measure of cash on it.

Ensure there are great schools and universities, offices, in the close vicinity. If not, abstain from paying a powerful cost for that kind ofa house. Despite the fact that you purchase a house having such offices at simple get to, you may need to spend a ton thusly. As an option, you can purchase a house in the external corridors given, it is effectively reachable from other nodal territories of the city. Along these lines, you can save lots of money. This tip, in any case, is for individuals who are on atight spending plan. For individuals, who wouldn’t fret spending lavishly, searching for an appropriate house in the heart of the city would be the best wager.

2. The second essential thing to consider is the cost. It’s critical to make sure that the valuation of the property you plan to purchase is correct or as per the market rates. Thiscan be guaranted by doing a little research implied for discovering the property valuation design in the concerned range. To ensure you pay the correct estimation of the house, you should do this little research. You can likewise take help from the web for this snippet of data. In a case,if nothing demonstrates supportive, approach a land operator. They won’t simply advise you about the present market rates, yet will likewise bring a considerable measure of property deal news to your consideration.

Today, Pimpri Chinchwad Municipal Corporation is well known hub for real estate development. It has a unique blend of highly advanced transportation network, sustainable residential spaces, a broad spectrum of employment opportunities, modern housing township properties and superior infrastructure. Before any planning, this city’s inherent natural, economic, cultural and sociological resources have been carefully preserved. This tremendous growth area is now the most favourable option for residential properties in Punetoday. For any home buyers, Pimpri Chinchwad is the prefect option.

Ravet is also an emerging residential locality in the suburbs of Pune,is also a part of the PimpriChinchwad Municipal Corporation. This is situated in the western parts of Pune.Now a days, Ravet is known asa growing residential hub andhas marked it’s position among the fastest-growing areas neighbouringHinjewadi IT hub. Ravet is very closer to key destinations of Pune like Aundh, Wakad, Hinjewadi, Baner, Pimple Saudagar and many more and is also closer to some Industrial areas such asTalegaon, Chakan and PCMC Industrial zone.

Residential rates are welcomingly low in Ravet, and the appreciation potential is also undoubtedly very high. Therefore, it is not surprising that some of the reputed developers like Unique Group Pune are spreading their roots here. New projects like Goodwill Palette is one of the best options for the people who want to buy 1-2 BHK flats in Ravet. Because of high connectivity, Social infrastructure, Proximity to IT & Industrial Hubs,Ravet has a great potential for capital appreciation. Looking at this potential, several reputed developers/ builders are coming up with various projects in the locality with various themes and ameneties.

Unique Group is providing its clientele with premium and creative homes - a commitment to the highest quality development, assistance and standard of design. They provide complete transparency in the buying proceedings and have shown commitment to the good faith and fair dealings for both residential and commercial projects.

Currently Unique Group’s ongoing projects like Goodwill Palette in Ravet area is oneof the examples of quality creation. Unique Group is the finest names in Pune’s Real Estate industry with over 14 years of experience in creating majestic, grandiose and ultramodern lifestyle solutions and commercial spaces to people. If you are searching for best builders in Pune, then Unique Group is the one stop solution for you.

While presenting the Budget 2017-18 , ourFinance Minister Mr.ArunJaitley in his speech, has given one of the much needed thrust to the Indian real estate sector. He announced that the ‘Affordable Housing’ will be given ‘Infrastructure’ status, which is likely to result in increased participation from private players. This meanscheaper loans for developers offering budget housing and a boost to the Government’s target of Housing for All by 2022.

So in my opinion and according to various stats provided by Finacial Experts, this is the best time to invest in a propertyand reap later from it.

Source: http://www.uniquegrouppune.com/blog/owning-a-property-in-pune-city-will-make-a-huge-difference-to-your-life

9 IMPORTANT THINGS YOU MUST KNOW BEFORE INVESTING YOUR HARD-EARNED MONEY!

Want to buy a home? Then you must consider few things. Planning to buy a new flat in Pune might either be tensed or overwhelmed situation. But if you can take care of a few things before getting the possession of your new flat, then it will help you in a big way by easing your anxiety and to avoid disappointment caused due to miscalculations.

The below mentioned are some factors which are,

1. You can never go wrong:

Real estate, like other asset classes, goes through periods of ups and downs. The only difference is that it is not as volatile as, say, stocks or gold. For young people, buying their own house is too tempting. Buying a house in a far-flung area may be cheap, but will come with other costs, including long commutes to office, school, weekend shopping, social visits, etc. As a buyer, you can choose a better location from where it is easier to commute to office and other destinations such as Dhanori, Lohegaon and Ravet. To make it a better decision, one needs to focus on many such perspectives.

2. We will deliver on time:

Project delay is a reality. Some builders offer compensation for delays in handing over possession, but it is not something you will be expecting to. We are very much aware that when an individual plans to buy a home, it is really an adventurous thing for him. We respect our client’s money and give them what they are looking for, i.e. delivery on time. Some builders slip in this clause of their agreement, which prevents them against any claim by the buyer.

3. Here what you see is what you get:

For a buyer, a better indicator of what he will get is the structural drawing of the apartment, as well as the layout map of the project. These drawings will tell you the exact area of the flat. The interior designers hired by us are experts at creating exceptionally beautiful interior of your home. They know how to use lighting and place the furniture in such a way that your house appears bigger. The furniture is just an accomplishment to it.

4. This is the most affordable project in current available residential areas of Pune:

Our project in Lohegaon, Goodwill-Nirmiti has 1, 1.5, 2-BHK flats priced at very affordable cost, along with quality finishes and exciting features, provide the perfect setting for you to cherish those special moments with your loved ones. The real estate ads miss out on important details regarding the size of flats. A recent report by Jones Lang La-Salle, a property consultant, said that the average apartment size has come down in top metropolises in the country. In Mumbai, for instance, the average unit has shrunk 31% in the past few years. Pune is becoming one of the metro cities in India.

5. List of banks financing the project: Once you finalize the property and confirm that all approvals are in place, we will introduce you to the banks, which are ready to fund the project and go with the one offering you loan at the lowest rates.

6. Verify the builder: It is obvious that you do an extensive verification of the builder if you are investing your savings in it. You could verify our past or current projects or even post queries on various online real estate forums.

7. Calculate the total cost: Do not go by what the brokers try to convince you. Many times, brokers just mention the basic cost and not other factors such as internal/external development fees, preferential location charges, parking/club/statutory charges, and service tax, which escalate the total cost. You just have to visit us and we will help you out for what you are looking for. Our single agenda is transparency with our customers.

    

8. You can check the site: The layout in the brochure could be different from the reality. But you can go for thorough site visits before booking the property. Interact with people in the neighborhood.

9. Register your plot: After selecting the property, you have to register it with the authority concerned, for you to become its lawful owner. You can check the quality of our previous projects. For this, you can probably participate in various online real estate forums or check our reputation.

 If you are interested to be one of our clients then it is the most precious thing to us. We believe that delivering a flat is just not the only responsibility of ours but it is to make sure that you should be completely satisfied after coming into our large family of happy customers. We believe in bringing happiness with peacefulness for each one of our customers and try to make houses by considering the fact that it will be your Dream House in future. We at Unique Group, try to bring in all the beautiful colors of life in all our projects. Visit us and we promise that you will never be disappointed!

Source: http://www.uniquegrouppune.com/blog/9-important-things-you-must-know-before-investing-your-hard-earned-money

BUY YOUR FIRST HOUSE AS 20-YEAR LOAN TO COST RS 2.4 LAKH LESS

Buying your first house will cost about Rs 2.4 lakh less as the government will subsidise a part of your home loan interest if your earning is up to Rs 18 lakhs per annum.

At present, this subsidy is available to only those who earn up to Rs 6 lakh per annum. The government has announced two new subsidy slabs to spur the real estate market and achieve housing for all by 2022. These slabs will apply to loans with a tenure of up to 20 years, as against the limit of 15 years now.

On New Year’s Eve, our PM Narendra Modi had announced two subsidy schemes under Pradhanmantri Awas Yojna (PMAY), but their details have been worked out only now. Home buyers will get a subsidy at different rates depending on the income braces they are in. People earning less than Rs 6 lakh per annum will get a subsidy of 6.5% on a principal component of Rs 6 lakh, irrespective of their total loan amount. If they borrowed money at 9% interest, they will have to pay only 2.5% interest on Rs 6 lakhs, and 9% on the remainder amount.

In the next level, people earning up to Rs 12 lakh per annum will get an interest subsidy of 4% on the principal component of Rs 9 lakh, and the highest income category of Rs 18 lakh per annum will get a subsidy of 3% on a principal component of Rs 12 lakh.

The net benefit to all three income categories over 20-year loan tenure is roughly Rs 2.4 lakh and the monthly instalment reduces by roughly Rs 2,200. This subsidy benefit under(Pradhanmantri Awas Yojna) PMAY is in addition to the income tax benefits on a home loan, which can go up to Rs 61,800 per annum for someone in the 30% tax bracket.

National Housing Bank (NHB) and HUDCO are the two nodal agencies to implement the subsidy schemes. Under these scheme for the low-income group, the government had subsidised around 18,000 first time buyers, at a cost of around Rs 310 crores. One of the senior NHB official said the disbursal rate is likely to go up as the middle-income category has been brought under the scheme.

Above mentioned information shows that this is the best time to invest your hard earned money in a property. With the advantage of current policies and subsidies, one can easily make a house affordable which could have been earlier a distant dream. Among all the real estate hubs, Pune offers better opportunities to invest in real estate, because of its diversified economy, closeness to Business City, Mumbai and improving infrastructure. Pune has seen the humongous development in last few years.

The real estate big tycoons like Unique Group in Pune are pioneering the lifestyle with the combination of luxury and budget. They have many projects in Pune, in areas like Lohegaon, Dhanori and Ravet. They offer 1, 1.5 and 2 BHK flats in Pune in the most affordable budgets.
Source: http://www.uniquegrouppune.com/blog/buy-your-first-house-as-20-year-loan-to-cost-rs-2-4-lakh-less