Reasons why one should invest in Charholi Budruk

May 23,2018 / By Priyanka / No Comment

Pune’s real estate market may not be as demanding as Mumbai’s and Delhi’s but it does have a few good localities for the investors. Charholi, on the city’s northern fringes, is one of them. The face of this micro market is gradually changing with the time, which makes it a compelling case for investors, mainly those who are looking or planning to invest in Pune real estate.

Top reasons which make Charholi a winner:

Connectivity: Charholi is located roughly 22 km from Pune via the Alandi road. It is around 17 km from the Pune railway station and just 6 km from the Pune international airport. But what makes it extraordinary is its vicinity to the city’s IT hub, Kalyani Nagar, which is just 9 km away, it sees constant demand from professionals with a limited budget. Moreover, there is also a robust demand for a rented accommodation. There are also a lot of reputed educational institutions nearby, most prominent among them being the DY Patil Knowledge Centre.

What’s in it for you? There are a fair number of reasons for investment in Charholi. With prices reaching a saturation point in areas such as Kalyani Nagar, Viman Nagar, and Vishrantwadi, home buyers with modest options are now looking at the surrounding areas.

In the last few years, Dhanori has already seen a noteworthy amount of development. Charholi will be one of the first regions to get the benefits of the Ring Road as well as other proposed development projects.

The other reason that makes Charholi an attractive destination is the location advantage. This micro-market is very close to the Pune airport in Lohegaon and has swift connectivity to the IT and residential hubs of Karadi, Hinjewadi, Alandi, Moshi, Viman Nagar and Wagholi.

Future development: One of the major infrastructure projects which will give a positive impact on real estate market of Charoli is the proposed 170km Ring Road around Pune and Pimpri – Chinchwad. These developments will improve the inter-connectivity of Charoli to Pune and the Pimpri – Chinchwad Municipal Corporation (PCMC) and beyond. This will definitely impact the property values of the locality.

Buying property Infrastructural development Smart Residential Living

Is it worth investing around Pune’s new Airport?

May 16,2018 / By Priyanka / No Comment

Universally airports make substantial infrastructural developments around themselves which lead to economic growth and increase in real estate demand.

The existing Pune airport has seen significant changes in last 12 months and the air traffic is on an upward trend due to IT, automobile and manufacturing industries.

Pune being the educational hub, many foreign and local students come to Pune for education. Therefore, a new airport is already a hot topic for the real estate industry and Purandar captivated everyone’s attention already.

Work on the proposed Pune International Airport will start, as the Centre gave a green signal for the project on April 30. The final decision came after a meeting between the officials of the Maharashtra Airport Development Company Limited (MADC) officials and a directing committee appointed by the Central government. On May 8, the Ministry of Civil Aviation also gave the project a site clearance.

Purandar airport to be named as Chhatrapati Sambhaji Raje International Airport and the project will be developed at an approximate cost of Rs 14,000 crore.

The new airport will be spread over 2,400 hectares of land out of which 1,300 hectares belong to the government. This project will cover seven taluka villages in Purandare tehsil – Pargaon Memane, Rajewadi, Waghapur, Ambodi, Pisarve, Rajodi, Jejuri.
It is situated 45 kilometers from the city center, the upcoming airport will run both international and domestic operations. The airport will be developed on a public-private partnership (PPP) model.

The airport will have two parallel airstrips or runway covering a length of four kilometers. It will be connected via six different routes, including National Highway – 4 and National Highway – 17. There are talks going on to provide a Metro link from Bhosari to Purandar airport.

Investment opportunities:
With the new airport coming up, the demand for residential and commercial properties is going to be higher in Purandar and adjoining localities near the airport like Bibvewadi, Saswad, Dhanori and Bhosle Nagar will see an upward trend in housing demand.

Proposed metro connectivity will be an added advantage to the infrastructural development which is likely to increase new employment opportunities and real estate development in Pune.

According to real estate expert, long-term investment in these areas seems to give a potentially high return for investors who are planning invest here.

Ample land parcel in the area surrounding the airport has already lured many developers and investors. Social infrastructure is set to improve and thus in the initial stage, the neighborhood is a perfect place to park your money for higher returns in the coming days. The locality will qualify as a location where buyers can secure a good rental income or a perfect second home destination.

Infrastructural development Smart Residential Living

KTR opens underpass at Mindspace Junction: Major relief to techies

May 8,2018 / By Priyanka / No Comment

Recently KT Rama Rao {Telangana Municipal Administration and Urban Development (MAUD) Minister} inaugurated Hyderabad’s Mind Space underpass which will provide major relief for several thousand techies who work in the area.

The Greater Hyderabad Municipal Corporation said that the Mind Space underpass is the second project under the signal free traffic corridors, as part of the Strategic Road Development Plan (SRDP).

The underpass is built at an approximate cost of Rs 25.78 crore, the underpass is expected to smoothen the heavy traffic in the area as a good number of people travel through the road while commuting to and from their workplace.

An analysis conducted by the municipal body stated that around 14,400 vehicles passed the stretch every hour and the number of vehicles was expected to shoot up to 31,356 every hour by the year 2035.

The six-lane underpass is 365 meters long, while the closed box length is 83 meters. The total width of the underpass is 28.80 meters while it has a minimum vertical clearance of 5.5 meters.

GHMC in a press release said that “Apart from Mindspace Junction, three other multi-level separators are at Biodiversity Junction, Ayyappa Society and Rajiv Gandhi statue junction with all the components costing Rs 379 crore. Apart from this facility, the underpass at Chintalkunta Checkpost too has been finished and is ready to be open to the public.

GHMC officials said that they will focus on completing the flyover at Rajiv Gandhi statue junction in Kukatpally. Smoothing vehicles movement from Malaysian Township to JNTU second gate, the flyover will benefit in addressing the traffic griefs in the locality.

Next on the radar will be the two flyovers at Biodiversity junction. Like Punjagutta junction, two unidirectional flyovers are being constructed at the junction, which is the main locality connecting the IT and ITES companies, besides for reaching the Outer Ring Road.

The infrastructural developments are coming up after taking into consideration not just to ease the traffic congestion but also to put in place a long-term road infrastructure in this part of the city, which has given a new distinctiveness to Hyderabad.

The city remains to lead the chart among the best livable cities of the country and SRDP works will go a long way in adding new infrastructure and meeting the future requirements, said a GHMC senior official.

Though commuters will have to tolerate a little inconvenience during the construction stage, there will be an outstanding change in the traffic flow in these areas once all the structures are completed, he further added.

Fun Posts Life at home Smart Residential Living Tips

Simple ways to make your home pet friendly

Apr 25,2018 / By Priyanka / No Comment

Pets are most lovable companions and many of us love to have them at home. Making space in your home for a pet comprises small changes and some negotiations on home décor to make sure that your home is pet-friendly and safe.

The following tips will teach you how to make your home pet-friendly and safe so that you both can live happily there.

There are therapeutic benefits of owning a pet. Nevertheless, owning a pet is also a commitment and a concern. Accordingly, homeowners should make sure that the house is safe and comfy for their pets. Things generally change when the pet is fully grown and you learn to adjust to its activities and needs.

Dos and Don’ts

Usually, wooden flooring is slippery. To avoid such kind of flooring as pets love to run around and wooden flooring may cause a serious wound. Vitrified tiles are a better option as compared to glossier flooring which scratches easily.

All staircases must be barred, to prevent small pets from falling down or trying to climb up, unattended.

All windows and balconies with wide grills must be interlocked so that puppies cannot go through them.

You need to avoid strong antiseptic floor cleaning agents for wiping the floor as pets tend to lick the floor and can consume it. Keeping a dog or a cat clean can be more hygienic for your home in the long term.

Regularly bathing and brushing the pet removes loose hair before it ends up falling on the floor or furniture.

For ease, allow a corner or a specific area to your pets. You can keep a small mattress in a basket in this place, where they can sit and sleep. Their playthings can be kept in that place, making it their very own personal space.

Pets like fishes and birds require less maintenance than dogs and are less messy. You can place a fish tank on a table that is specially made for holding it. A tank needs heaters, lights, and filters all of which require electricity, which means your tank has to be close to switchboard for connection.

Toilet training is another important characteristic when your pet is young. Choose a spot where you want your pet to relieve himself.

A hanging wire attracts a puppy to tug at it. So, make sure that all wires and cords are firmly taped up or it is out of your puppy’s reach, including long chords of curtains and blinds.

Store household chemicals in a locked cabinet and it is advisable to keep harmful items out of your pet’s reach.

Common household plants are venomous to dogs. Hence, keep plants like castor bean, lantana, jasmine, poinsettia, philodendron, etc., out of their reach.

Having a pet in an apartment can be a difficult task but not impossible. Most of the apartments in metro cities lack space and open areas. You cannot afford to stay in a congested apartment when you have a pet at home. Your pet needs more space to play around to make it comfortable.

It is difficult to find spacious apartments mainly in cities like Bangalore. But many builders are coming up with pet-friendly homes to attract home buyers

One such project is Arge Helios which is ideally located in the most developing areas in North Bangalore, the Hennur Road. This project is completely pet-friendly with 30% more spacious apartments.

Buying property Real Estate Smart Residential Living

All you need to know about Leasehold Property

Apr 23,2018 / By Priyanka / No Comment

Most people know the difference between owning and renting a home, but there is a third category many aren’t aware of called a leasehold property. Now the question is what a leasehold property is and what are the consequences of buying a house on leasehold land? We explain

Leasehold states to a property tenure, where one party buys the right to occupy the property for a given period of time (30 to 99 years). The primary owner of the leasehold land is usually the government or local development authorities. They give the land to builders, to develop projects on a leasehold basis. Homebuyers buying a residential apartment, in a leasehold land will own it only for the leasehold period of time.

Projects built on leasehold plots
Most projects in large metro cities like Delhi-NCR and Mumbai are constructed on leasehold plots that are bought by the builder or developer. This procedure is followed, mainly due to the scarcity of land in and around these metro cities.

So if you are buying a property in a project that is built on leasehold land, you would remain its owner only for 99 years, or for any other lease period and the authority/government will remain the primary owner.

Once the construction of a project is finished, the developer will transfer the lease in the name of the society formed. It is developers/builders duty to build the project and hand it over to the residents’ welfare association (RWA). Until the RWA is formed, the developer maintains the project.

Risks for home buyers
The major disadvantage for a home buyer is the vagueness that arises after the lease period on the land ends and the renewal of the occupancy contract. The renewal of the occupancy usually comes up when the lease tenure on the land is for a shorter period (30-33 years), which is common mainly in Mumbai. Along with the contract renewal cost, buyers will also have to bear other costs, such as property tax, etc.

Another issue that projects built on plots with shorter lease periods are of not receiving funds for construction. So, chances are there that projects can get delayed or even non-completion of projects is also possible. In addition to it, renovation of such projects becomes challenging, since the approval of all the involved authorities is required, to carry out any renovation or construction work.

While applying for a home loan for a property built on leasehold land, the home loan tenure cannot be higher than the balance period of the lease. In cases, when the lease period for the land is less or is nearing completion, lenders would be reluctant to risk the possibility of the lease not being renewed and therefore, may not grant a home loan.

Advantage for home buyers
The benefit of buying a property in a project that is built on leasehold land is that it will be considerably cheaper than buying one that was built on a freehold plot.

In metro cities, developers usually pay the less FAR cost to lease a plot in a good location. This financial benefit trickles down to home buyers, as well.

Such leasehold plots, for residential projects, are commonly part of a larger development. This means that the surrounding areas usually have good infrastructure and connectivity.

What can home buyers of leasehold properties do?

Register the property in your name.
Get a transfer memorandum – a permission granted by the development authority to the owner (seller) of the property, permitting him/her to transfer the rights to the homebuyer
Always buy or invest in a project built on land that has a long leasehold period.

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Category : Smart Residential Living

Reasons why one should invest in Charholi Budruk

Is it worth investing around Pune’s new Airport?

KTR opens underpass at Mindspace Junction: Major relief to techies

Simple ways to make your home pet friendly

All you need to know about Leasehold Property