Branded residences are not just rewriting the contours of high-end real estate in India, they’re also redefining it into a distinctive investment category. These properties are rapidly shifting from rarefied luxury to offering an enduring, brand-backed investment that blends lifestyle and legacy.
Branded Residences differ from conventional luxury homes. These properties are associated with globally recognized brands, often from the hospitality sector but increasingly from the fashion, automotive, and lifestyle industries as well. They embody the brand’s signature service and design standards, creating a lifestyle experience rooted in exclusivity. Over the years, branded residences as a category have grown by over 170% and are expected to grow further (Savills 2020).
Initially, these residences were extensions of nearby hotels, providing exclusive hotel services such as concierge, valet, and housekeeping. The branded residences concept dates back to 1927, when New York’s iconic Sherry-Netherland Hotel partnered with the renowned Sherry’s restaurant, paving the way for today’s branded living experiences.
Over time, the branded residence concept evolved far beyond hospitality perks. They are celebrated across the world for their exclusivity, meticulous design, technology, world-class standard of living, and service excellence. Branded residences typically hold a 31% higher value than similar non-branded properties (Knight Frank 2012).Today, these homes include a suite of wellness and lifestyle amenities such as pools, spas, private dining, and even artfully curated experiences catering to the tastes of sophisticated buyers.
Non-hospitality brands like Versace, Armani, YOO, and Trump Towers have also entered the market, delivering a lifestyle rooted in the allure of a globally recognized brand, while blending world-class services. YOO has been a leading name in the non-hotel branded residences category, with 98 projects across 47 cities and 36 countries.
Branded Residences typically fall into two categories:
1. Standalone Branded Residences– These properties, often built without adjoining hotels, focus on providing exclusive living without shared hospitality amenities. Notable examples include the Trump Towers, YOO, Armani Residences, Bugatti Residences, and many more.
2. Integrated Branded Residences with Hotels – These projects feature both residential and hotel components, allowing residents to enjoy a wide range of hospitality services. Three Sixty West in Mumbai stands as a prime example, blending residential living with access to Ritz Carlton hotel amenities. Upcoming developments, such as the Westin Residences in Gurugram (set to be India’s largest branded residences project globally) and JW Marriott Residences in another major city, further exemplify this model.
Worldwide, there are over 105,000 branded residence units across 750 projects, with India capturing a 3% share of this market. By 2027, the number of these projects is expected to rise by nearly 60%, reaching around 1,200 projects (Economic Times, 2024).
Internationally recognized brands like YOO, Trump Towers, Marriott, Accor, Wyndham, Swarovski, along with leading Indian brands such as IHCL (Indian Hotels Company Limited) and Oberoi, are expanding their branded residences in India. While branded residences are already popular in cities like Mumbai, Delhi, and Pune, they are also expanding into emerging markets such as Bhubaneswar as India’s luxury property demand grows.
Bhubaneswar’s real estate market is set up for substantial growth, supported by a strong baseline of economic development and increasing demand for luxury living. The city is rapidly evolving as a hub for IT and education, attracting professionals and businesses. The interest in upscale living experiences reflects the region’s growing aspiration for elevated lifestyle choices, making Bhubaneswar an emerging luxury market with significant potential.
The launch of Odisha’s first branded residences, DN YOO Odisha, by DN Homes in collaboration with YOO and internationally acclaimed designer Philippe Starck, marks a new era for Bhubaneswar’s luxury real estate. Offering 3 and 4-bed branded residences across 3 three towers, this project offers state-of-the-art amenities such as 3 outdoor swimming pools, herb garden, sky gardens, sky terraces, an exclusive 44,000 sq.ft. clubhouse, etc. This project marks the third project of Philippe Starck in India and the first-ever in East India
The growth of India’s branded residences is strongly driven by the lifestyle expectations of high-net-worth individuals (HNWIs) who live globally and often own properties around the world. They now seek similar standards of design, architecture, technology, and service here in India, mirroring the experiences they enjoy internationally.
Over the past two decades, branded residences have secured a firm place in luxury real estate. Surviving the 2008 recession and demonstrating impressive recent growth, it seems like this concept is here to stay!
As Dubai’s real estate market continues its dynamic growth, investors have the unique opportunity to leverage high returns on properties that cater to both residential and commercial demands. The city’s robust economy, dynamic infrastructure, and world-class amenities make it a prime destination for property investment.The first half of 2024 alone saw over 43,000 property transactions valued at approximately AED122.9 billion, marking a 30% increase from the previous year. This growth is partly due to the rapid absorption of new inventory, with 80% of units launched since 2022 already sold.
While Dubai’s established areas still hold value, certain emerging neighborhoods promise competitive investment returns. This article highlights top investment areas in Dubai for 2025, that are poised for strong growth and provide investors with lucrative opportunities.
Dubai Creek Harbour is quickly establishing itself as a sought-after neighborhood with its integrated waterfront development, comprising residential spaces, commercial hubs, and tourism attractions. Located just minutes away from Downtown Dubai, it offers residents a serene escape with stunning views of the Dubai skyline and direct access to Dubai Creek. This area’s allure is strengthened by its ambitious architectural projects, including the future Creek Tower, poised to be one of the tallest in the world. Investors are increasingly drawn to its luxury waterfront residences, with rental yields rivaling some of Dubai’s most established areas.
Dubai Creek Harbour combines accessibility with exclusivity. Its mixed-use developments, with a sustainable focus and urban connectivity, make it a promising choice for those looking to secure high ROI in the residential and commercial leasing sectors.
Business Bay remains a preferred hub for investors looking for well-rounded, high-yield investment opportunities. Situated adjacent to Downtown Dubai, it offers seamless connectivity, upscale amenities, and a high demand for commercial spaces. The influx of corporate tenants, multinational companies, and freelancers continues to drive up occupancy rates, especially for office spaces, which boast impressive rental yields.
With a strategic location near the Dubai Canal, Burj Khalifa, and Dubai Mall, Business Bay offers a competitive investment opportunity. Its mix of commercial and residential properties enables a balanced portfolio approach, appealing to both investors and end-users alike.
For those seeking investment options in affordable housing, Jumeirah Village Circle (JVC) has emerged as a top contender. JVC has shown significant rental demand due to its appealing balance between affordability and quality. The area is home to several parks, schools, and retail centers, attracting families and young professionals seeking a self-contained community.
JVC’s rental returns are notable, especially in the apartment and townhouse categories, where yields can reach up to 8%. With ongoing infrastructure improvements, this community-centric area is set to witness further appreciation, making it a prudent choice for long-term investors.
Dubai South, located near Al Maktoum International Airport and the Expo 2020 site, continues to capture attention for its ambitious development plans and strategic importance. The district offers diverse investment opportunities, from affordable housing to mid-range apartments and villas, making it versatile for investors with different risk appetites.
Dubai South’s connectivity to key transportation hubs, like the Al Maktoum International Airport, is a major draw. The recent focus on this area’s development post-Expo 2020 has ensured sustainable urban planning, making it a forward-looking investment for those eyeing medium to long-term gains.
Dubai Marina remains an iconic waterfront district with enduring appeal for both residents and tourists. With its luxury towers, retail options, and world-class marina, this area has an established rental market that commands high occupancy rates. The demand from expatriates and tourists keeps property values stable, while providing rental yields that are above average.
As one of Dubai’s most popular areas, Dubai Marina offers solid rental income and capital appreciation potential, particularly in the luxury apartment market. Its reputation as a premier lifestyle destination ensures enduring demand, giving investors a reliable and steady income source.
As Dubai’s real estate market continues to mature, these emerging and revitalized districts represent significant opportunities for investors seeking strong returns. Each of these five locations is characterized by unique growth drivers, such as connectivity, lifestyle offerings, and a focus on mixed-use development. However, investors should carefully consider their investment objectives, as the ideal area will vary based on rental yields, property type, and long-term growth potential.
With proper due diligence and market insights, the new year 2025 could mark a lucrative year for real estate investments in Dubai, positioning these areas as key to capitalizing on Dubai’s continued growth trajectory.
As Dubai’s property market continues to offer compelling opportunities, SQUAREA is here to guide you in making well-informed, strategic investments. Our team of experts can help identify properties that align with your investment goals—whether you seek high rental yields, capital appreciation, or portfolio diversification. From market insights to end-to-end support, SQUAREA offers a tailored approach to help you maximize returns in Dubai’s thriving real estate landscape.
For a long time, commercial real estate has been the domain of large institutional investors and high-net-worth individuals. However, the launch of Small and Medium Real Estate Investment Trusts (SM REITs) is redefining this notion, offering a pathway for smaller investors to participate in the lucrative world of commercial real estate.
So, what exactly are SM REITs, and why are they capturing the attention of cautious investors?
Small and Medium Real Estate Investment Trusts (SM REITs) are emerging as a sophisticated investment option, offering a strategic pathway into commercial real estate without the need for direct ownership. Structured as pooled investment vehicles, SM REITs allow investors to participate in high-quality commercial properties, from office buildings to logistics hubs and warehouses, generally valued in the ₹50–500 crore range. Unlike traditional REITs, which often target large institutional investors, SM REITs are specifically tailored to meet the needs of smaller investors. By lowering the capital entry barrier, SM REITs enable a more diversified, accessible approach to commercial real estate, allowing investors to gain exposure to income-generating assets with strong growth potential in India’s thriving property market.
With a minimum investment of ₹10 lakh, investors can own a portion of prime, income-generating real estate. Now, even smaller investors can secure a foothold in the commercial real estate sector, participating in properties that are not only income-generating but also possess capital appreciation potential.
SM REITs open doors to various segments within commercial real estate, including office spaces, warehouses, and logistics centers. For cautious investors, this diversification spreads risk across different asset types, offering exposure to multiple income-generating sources without the administrative complexities of direct property ownership. Diversifying through SM REITs enables investors to mitigate risks associated with single-sector investments and capitalize on the robust growth projected across India’s commercial real estate landscape.
One of the significant advantages of SM REITs over traditional real estate ownership is liquidity. Unlike direct property investments, which are often illiquid and challenging to divest quickly, SM REITs are publicly traded on stock exchanges, allowing investors to buy or sell units as per market demand. This liquidity offers a substantial advantage to those who may need to exit their investments or rebalance their portfolios without the constraints associated with physical property.
The Securities and Exchange Board of India (SEBI) regulates SM REITs, providing a level of transparency and security that private real estate investments often lack. This regulatory oversight ensures adherence to high standards of governance and operational transparency. Additionally, SM REITs are mandated to invest at least 95% of assets in completed, rent-yielding properties priced above Rs 25 crore and less than Rs 500 crore with units to be issued to a minimum of 200 investors, ensuring asset quality and investor safety.
For risk-averse investors, this aspect of income stability, combined with regulatory safeguards, enhances the appeal of SM REITs as a reliable investment.
India’s SM REIT market is still in its early stages, but the growth potential is compelling. The launch of the first SM REIT IPO in August 2024 was a pivotal moment, representing the beginning of broader acceptance and development within this segment. Industry analysts anticipate a rapid expansion in this space.
Research projects that the market will grow to over 300 million sq. ft. of completed with an addition of 50+ million sq.ft expected to be added by 2026. These numbers pertain to mid-sized (0.1 – 1 million sq.ft), investment–grade office developments in India’s top 7 cities as of Q2 2024.
For those who have traditionally avoided real estate due to high capital requirements or lack of liquidity, SM REITs offer a compelling alternative. With their mix of real estate stability and stock market liquidity, SM REITs bridge the gap between direct property investment and the flexibility of publicly traded assets, positioning them as a valuable addition to modern investment portfolios.
The emergence of SM REITs is transforming India’s commercial real estate market, offering retail investors an unprecedented opportunity to diversify their portfolios with high-quality real estate assets. With regulatory backing, attractive entry points, and market flexibility, SM REITs are well-suited to meet the needs of evolving investors in India.
As SM REITs become a pivotal part of a balanced investment strategy, SQUAREA offers the expertise to guide you in this promising sector. Connect with us today to explore tailored solutions that align with your investment goals.
With the rising global population growth, India has also seen a significant rise in its commercial real estate sector
The India Commercial Real Estate Market size is estimated at USD 40.71 billion in 2024, and is expected to reach USD 106.05 billion by 2029, growing at a CAGR of 21.10% during the forecast period (2024-2029). Given this trajectory, buying commercial properties presents lucrative opportunities for long-term returns. However, with these opportunities come significant responsibilities. It is crucial to conduct thorough research and exercise due diligence when making such investments. While commercial real estate typically requires larger capital outlays, a well-informed investment strategy can generate consistent cash flow over time. Here are some vital factors to consider before buying a commercial property.
Before investing in commercial real estate, conducting thorough market research is indispensable. Assess the risk factors associated with both buying new properties and purchasing resales. While a new property might carry higher risks than a good resale, they can also offer better returns if located in a developing area. Evaluate the future growth prospects of the location, as well as the current demand for specific property types—whether office spaces, retail outlets, or industrial warehouses. For instance the IT/ITeS sector remains the largest contributor to office space demand in Pune, accounting for approximately 71% of the total absorption, recording a year-on-year increase of approximately 12% in 2024.
Once you’ve identified your target market, the next key step is selecting a location with strong infrastructure and connectivity. Commercial properties located in areas with strong infrastructure connections—such as highways, subways, airports, and railroads—are likely to attract higher footfall and generate better returns. Accessibility to major business hubs, transportation networks, and visibility play significant roles in the success of your investment. Choose a location with expanding markets, proximity to business districts, and demographic advantages to ensure a steady flow of customers or tenants.
When purchasing commercial property to lease it, understanding the lease structure is crucial. Familiarity with gross and net leases will in turn help in negotiating with potential tenants better. Key factors such as upkeep, repair responsibilities, lock-in periods, and taxes should be carefully evaluated as these elements directly impact the financial viability of your investment and the risk associated with it.
The credibility of the builder or developer is another critical consideration. Opt for a well-established builder with a strong track record of delivering high-quality projects. Scrutinize the developer’s history, seek feedback from previous buyers, and ensure that the builder has proven expertise within the business. This will not only mitigate risks but also enhance the long-term value of your investment.
Commercial real estate offers various types of properties, including retail shops, office buildings, industrial complexes, and serviced commercial outlets (SCOs). Evaluate your budget and select a property type that aligns with your financial goals. Conduct a detailed assessment of the property’s potential to provide returns, both in terms of rental income and capital appreciation, and also one that fits your risk tolerance and long-term goals.
If your strategy involves leasing your commercial property, tenant quality becomes a key determinant of the investment’s success. Reliable tenants, such as multinational corporations (MNCs), can enhance the value of a commercial property by ensuring consistent rent payments, offering higher deposits, and committing to long-term leases. Furthermore, a trustworthy tenant adds to the overall attractiveness of your property for future investors or buyers.
Like any investment, buying commercial properties comes with its risks. It’s essential to evaluate your risk tolerance before deciding on a purchase. Avoid overextending financially, and be sure to continuously monitor market trends, geographic location dynamics, and the property’s historical performance to gauge potential risks.
If you’re new to real estate investments, consulting an experienced real estate expert can be invaluable. Professional consultants and property developers can guide you through the investment process, ensuring all legalities and market dynamics are properly addressed. This will save you time and minimize your costs while streamlining decision-making.
Understanding the value of a commercial property in comparison to other properties in the vicinity is essential for making a prudent investment decision. Research prevailing rental rates in the area, review sales data for comparable properties and negotiate effectively with sellers. Consider various valuation approaches—such as cost, market, income, or sales comparison methods—to ensure that the purchase price aligns with the property’s true market value.
Before finalizing the purchase, ensure that the property’s layout aligns with your expectations. Review building lines, setbacks, and site dimensions. A well-planned layout should include sufficient provisions for open spaces, roads, and essential infrastructure. Additionally, evaluate the adequacy of existing and proposed utility networks, including roads, drainage systems, and power supply connections.
India’s commercial real estate sector is poised for continued growth, driven by economic expansion, urbanization, and technological advancements. By 2030, the sector is expected to reach a valuation of $1 trillion, indicating robust long-term prospects.
A well-thought-out investment strategy, informed by diligent research and expert advice, will position you to capitalize on these opportunities.
While the considerations outlined above are essential, they are by no means exhaustive. In the dynamic world of commercial real estate, factors such as market trends, financial discipline, and location remain paramount. And when in doubt, seeking guidance from a real estate professional is always a prudent course of action.
Following the success of its first edition, which attracted over 500 visitors and investors, SQUAREA, a strategic real estate advisory firm with offices in Pune and Dubai, is set to hold the second DUBAI PROPERTY EXPO on October 6th and 7th at Conrad Pune, Mangaldas Road.
Last weekend, Pune and Dubai-based strategic real estate advisory firm – SQUAREA, successfully hosted a one-of-a-kind Dubai Property Expo at the Hyatt Regency, Viman Nagar.
Stamp duty is a tax levied by state governments in India on various real estate transactions, such as property purchases, lease agreements, and mortgage deeds. The primary purpose of stamp duty is to validate and legalize these documents, ensuring their authenticity and enforceability in the eyes of the law. This essential tax plays a crucial role in revenue generation for the state governments and is a significant cost consideration for individuals and businesses involved in property transactions. Understanding the state-wise stamp duty rates and regulations is vital for anyone looking to navigate the complex landscape of real estate transactions in India.
Stamp duty serves as a legal instrument to make documents legally valid and enforceable. Essentially, it acts as a revenue-generating mechanism for the government and ensures the authenticity of transactions. When discussing what are stamp duty and registration charges, remember that they are crucial for validating property transactions. Stamp duty is like the official notary of the paperwork world.
Stamp duty rates vary across different states in India and can significantly impact the cost of property transactions. Understanding these rates is crucial for anyone entering the real estate market, as they can make or break a deal. Knowing registration fee and stamp duty is equally important for calculating the overall cost.
Several factors influence stamp duty rates, including the property type, transaction value, and even the economic conditions prevailing in a particular state. For example, non-residential property stamp duty might differ significantly from residential property. It’s essential to be aware of these varying stamp duty levels for different kinds of real estate deals.
Comparing stamp duty rates across major states can provide valuable insights into the cost of property transactions. This is akin to window shopping for property registration charges you get to see the price tags in different states without actually having to pay upfront.
When it comes to stamp duty charges, it’s not just about the property type and transaction value. Government policies and economic conditions also play a significant role in determining how much you’ll have to pay. Being familiar with duty stamp fees in different states helps in making informed decisions.
Whether you’re buying a cozy apartment or a sprawling villa, the type of property and its transaction value can have a direct impact on the stamp duty charges. For instance, registration fee for house purchases may vary depending on the location and size of the property.
Government policies and economic conditions can shape stamp duty charges, making them fluctuate. Monitoring these factors helps in understanding what is stamp duty in India and how it may affect your real estate investment.
Delving into the nitty-gritty of stamp duty rates across states can reveal valuable insights for property buyers and sellers. For example, states like Maharashtra and Delhi may have different property registration charges, impacting your transaction costs significantly.
Stamp duty variations can have a significant impact on property transactions, influencing buyer behavior and market dynamics. Higher rates of non-residential property stamp duty may deter investment in certain states, while lower rates can stimulate demand.
Stamp duty changes have a profound impact on the real estate market in India. Buyers and sellers closely monitor these adjustments, as they directly influence registration fee and stamp duty.
Over the years, India has seen various modifications in stamp duty rates and regulations. Understanding stamp duty levels helps in anticipating how these changes can shape property transactions.
Staying updated on the latest stamp duty and registration charges is essential for smooth property transactions. Emerging trends show that the government may soon introduce digital methods for paying duty stamp fees.
Mitigating stamp duty costs is a priority for many individuals involved in property transactions. Exploring legal methods to minimize property registration charges can help reduce financial burdens.
Understanding the legal avenues to minimize registration fee for house and non-residential property stamp duty can result in significant cost savings.
Practical tips such as conducting thorough research and exploring potential exemptions can aid in negotiating favorable stamp duty and registration charges.
In conclusion, analyzing the state-wise stamp duty landscape in India provides valuable insights for stakeholders in the real estate market. By understanding and adapting to trends in stamp duty levels and property registration charges, individuals and businesses can better navigate the complexities of stamp duty regulations and optimize their financial strategies in the real estate sector.
Following the success of its first edition, which attracted over 500 visitors and investors, SQUAREA, a strategic real estate advisory firm with offices in Pune and Dubai, is set to hold the second DUBAI PROPERTY EXPO on October 6th and 7th at Conrad Pune, Mangaldas Road.
This Sunday and Monday (25th– 26th of August) an unusual parade of luxury developers of Dubai will have their international teams in Hyatt Regency, Viman Nagar for a very different kind of property event. The DUBAI PROPERTY EXPO by SQUAREA will include brands like DAMAC, SOBHA and EMAAR, which have long become synonymous with the Dubai skyline, and will be joined by the likes of LONDON GATE which is launching the world’s first FRANCK MULLER Clock Tower. Next to them will be a brand called BINGHATTI with the world’s second Mercedes-Benz homes (titled Mercedes-Benz Places) in prime Downtown Dubai. The first was launched in Miami. Binghatti will also be bringing its famous Bvlgari homes to the event.
Since 2003, DN Homes has been a key player in Odisha’s luxury real estate sector. Collaborating with YOO Worldwide London, they are set to launch Odisha’s first branded residences, further elevating Bhubaneswar’s modern skyline with the DN YOO Odisha project.
DN Homes, a prominent name in Odisha’s real estate since 2003, has partnered with YOO Worldwide London to introduce the state’s first branded residences. Known for its luxury developments, DN Homes is poised to redefine Bhubaneswar’s skyline with DN YOO Odisha.
DN Homes has been a prominent name in Odisha’s real estate industry since its inception in 2003. Specializing in luxury residential developments, the company has consistently delivered projects that meet global standards. With 15 completed projects, 6 ongoing projects, and 15 million sq.ft. of new projects in the pipeline, DN Homes is set to emerge as a key contributor to Odisha’s fast-changing modern skyline.
Purchasing your first home can be a daunting task. With countless options available on the market, selecting the right property to invest in can be a challenge. Plots, independent houses, villas, and flats all come with their unique features and drawbacks. But which is the best property investment ?
Flats or residential apartments are one of the most popular residential property investments – especially in the vertically growing metro and urban cities. Flats are not only affordable but also easy to finance as you can easily access home loans at competitive rates. Additionally, you can avail tax benefits on interest paid against your home loan. Flats also attract a higher resale value and a wider buyer pool speeding up the resale process and offering you a higher return on investment.
Builders also offer contemporary looks and modern amenities while the residential society takes care of maintenance, utility, and security services. Residential apartments offer a sense of community as you also enjoy the benefits of independent living. As a result, you are free to enjoy community amenities without having to invest significant time or resources. However, flats have a limited customization potential and can potentially lack privacy – especially on the lower floors.
Independent houses are ideal for individuals who value privacy above all and are willing to invest the high initial capital necessary. Due to the high initial capital investment and limited demand, capital appreciation may be limited for independent houses. Accessing home loans can also be difficult – involving more comprehensive scrutiny – for independent houses, but you can enjoy the same tax benefits as flats.
You can customize independent houses to make them your own. However, one of the major drawbacks of independent houses is that you are responsible for adding any amenities, maintaining the property, managing utility services, and ensuring the security of the property. This involves significant investment, effort, and time on your part to maintain the property. Developers today are offering independent houses in gated communities where you can enjoy individual and shared amenities – similar to residential apartments.
Villas are just the luxury versions of independent houses that often include gardens or even pools on the premises. Villas allow you to enjoy a luxurious living experience without compromising on your vision, quality, or privacy. Villas require a significantly higher initial capital investment. But if you have the resources, a villa is often a great investment as its value appreciates significantly with time and you can also attract high rental income with them.
Apart from being expensive, villas also need regular extensive maintenance of the property, landscape, and amenities like a pool, patio, or gardens. This further drives up the cost of owning a villa, making it an undesirable choice for individuals on a budget. Finding the perfect location for a villa is also difficult as you need to find a place that is desirable and scenic, connected, private, and provides all basic amenities.
Plots are vacant stretches of land – either in gated communities or standalone – where you can build a house from scratch that meets your requirements and reflects your vision. Plots open up a host of possibilities and opportunities for you to construct a house best suited for you. Residential plots are a great investment as they have a higher capital appreciation rate compared to constructed structures and demand is higher than supply.
However, buying a plot and building a home is extremely challenging and time-consuming. First, you have to find an available plot in a desirable location, which can be challenging. Further, banks offer significantly lower loan amounts to purchase plots than constructed homes, which also come with much sterner repayment terms and no tax benefits. You also need to invest in architects, designers, construction materials, and labour costs when building a house on a plot. And you cannot expect to enjoy the property or get rental income until you invest significant time, effort, and resources in residential plots. So, you have to look at plots as a long-term plan and be prepared to deal with market fluctuations and significantly higher initial capital investment.
Choosing between flats, independent houses, villas, and plots, you have to consider many factors like initial capital investment, access to financial assistance and loans, availability of amenities, maintenance cost and efforts, security, and return on investment. Your lifestyle preferences, investment plans, and rental potential also play a significant role in making this decision.
Wondering which property investment is the best for you? Get in touch with the Squarea team today to find the best home for you.
For more details on this subject, please email hello@squarea.io
With an abundance of options available, one of the first decisions prospective home buyers must take is whether they should opt for a ready-to-move-in or an under-construction property. Which is the better choice?
The answer is not always straightforward. Both have their unique advantages and drawbacks. And you must weigh them and decide which option is the best suited for your unique condition. So here are some major pros and cons of ready-to-move-in and under-construction homes to help simplify that decision:
As the name suggests, ready-to-move-in properties are finished residential properties that you can start enjoying immediately. But are they the right choice for you?
Instant Access: One of the major benefits of ready-to-move-in property is virtually zero waiting period. You can immediately move in after making the payment and completing the necessary documentation. This relieves you of the stress of having to pay both rent and EMIs as you wait for possession.
You Get What You See: In ready-possession homes, you get precisely what you see. There is no chance that what you saw during the visit will change once you move in. So you have the opportunity to check for the features you want and choose the home best suited for your vision.
No GST: The Goods and Service Tax does not apply to ready-to-move-in properties. Additionally, you can immediately start collecting tax benefits if you use a home loan to purchase a ready-possession home.
Learn From the Locals: You can interact with the locals to understand their experience living in the area, check the social infrastructure and connectivity, and see if this is the right community for you. You can also understand any potential issues you may face and decide whether the property is worth investing in.
High Costs: Ready-to-move-in properties often sport a costlier price tag, often 20% to 30% higher than under-construction property.
Construction Quality: You have no way of verifying the construction quality, analyzing the project development, and learning about the materials when buying a finished apartment. You will have to rely on visual checks and the word of the seller to gauge construction quality.
Property Age: Buying a ready-to-move-in property does not guarantee you a brand-new home. The apartment may not have been put on sale for a while, it might have been on the market for some time, or previous owners may not have maintained it well. All these factors contribute to the home appearing old.
Lack of RERA Registration: Older properties, with occupancy certificates issued before 1st May 2016, are not covered under the RERA Act. Therefore the responsibility of proper due diligence and access the relevant information from public platforms falls on the buyer.
Compared to ready-to-move-in homes, under-construction properties are in various stages of completion and still have some work to do. If you are ready to wait, are under-construction properties better for you?
Lower Costs: When compared with ready-possession properties, under-construction properties can be anywhere between 10% and 30% cheaper. If you are on a tight budget and are ready to wait, this price difference can be worthwhile.
Higher Appreciation: Property prices go up as the construction progresses. Additionally, improvement in local infrastructure during this time can also increase overall property values. So if you are looking for a higher return on investment, purchasing a property in the early stages of construction makes more sense.
Flexible Payment Options: An under-construction property offers much more flexible payment options than a finished property. For example, you can reserve the property with a small down payment and pay the balance on possession or make partial payments as the construction progresses.
New Construction: If you want to live in a brand-new home with no maintenance issues and a long life, under-construction properties are the way to go. They also give you access to the latest amenities, services, and design trends for a trendy home.
RERA Compliance: Every property with an occupancy certificate issued after 1st May 2017 has to be registered under RERA. Therefore, all under-construction properties fall under RERA authority and are required to abide by its principles and ethical business practices. You can easily get information about new under-construction projects on the
Offers: Since there is a wait to move into under-construction properties, builders often run promotions and offers to attract buyers. So you have to option to not only look for the home design and amenities you want but to find the most attractive offers as well.
Greater Risk:Under-construction properties are higher risk investments as builders may fail to deliver on schedule or – in the worst case scenario – fail to deliver the project due to lack of resources. So researching the builder and choosing a reputed real-estate developer is essential when investing in under-construction properties.
Disparity between Design and Finished Product: With under-construction properties, you run the risk of not receiving the promised amenities, altered layouts, or insufficient usable space at the time of possession.
GST and Tax Implications: Under-construction properties are subject to GST – 1% for homes priced under INR 45 lakh and 5% for properties worth more than 45 lakh – in addition to stamp duty and registration fees. Additionally, you also cannot claim tax benefits for under-construction properties until possession. However, the interest you pay on a home loan is tax-deductible (up to INR 2.5 lakh) if you move in within three years of securing the loan.
Ready-to-move-in or under-construction, both properties have their advantages and drawbacks. You need to assess your unique situation and decide which option suits your needs the best.
Looking for a property to suit your lifestyle? Get in touch with the Squarea team today to find the ideal home for you.
For more details on this subject, please email hello@squarea.io
In attempts to accommodate the growing population and influx of people for better employment opportunities, many Indian cities are now growing vertically. As a result, which floor to buy a flat on has become one of the most pressing questions for prospective home buyers. Should you go for accessible lower floors or enjoy scenic views from the top floors? The answer is not always straightforward but can significantly impact your living experience.
So are you a home buyer contemplating which floor will be the best for you in a high-rise residential project? Here are some factors you should consider before making that choice:
Because of the perceived higher quality of life on top floors, many builders charge – anywhere between 15% and 25% – extra for flats on higher floors. The FRC is determined by the builder or the construction company and takes into account the overall construction costs, interests, and overheads. So if you want to live on higher floors, you will need to adjust your budget accordingly.
Lower floors are usually considered comparatively unsafe as they are easier for criminals and other anti-social elements to break into than upper floors. But if you are set on choosing a lower floor, be sure to verify the security arrangements in and around your high-rise complex.
Additionally, lower levels also offer less privacy, especially if the building is near a busy road. So if you want to enjoy a quiet and peaceful home, higher floors may be better suited for you.
Fire safety can be an issue for occupants on higher floors. An occupancy certificate from the local authorities can help you determine whether the building has received clearance from the fire department and meets the necessary safety criteria.
Ideally, high-rise buildings must offer at least two lifts and staircases so people can rely on another lift in case one fails. The number of lifts and backup systems becomes crucial when you consider your family members – especially elders and small children. In a case where both lifts fail, you have to rely on staircases and must consider whether they would be convenient to use and easy to access.
In many cases, builders deviate from the construction plans on the top floor, which can get you in trouble down the line. So if your heart is set on the top floor, make sure that the construction adheres to the approved plans and has all the necessary clearances.
You may experience spotty mobile network coverage as you go up in a high-rise building. Broadband facilities may also be unavailable on higher floors. So make sure you have adequate network coverage in the flat if you choose a higher floor.
Lower floors are generally cooler than top floors and require less energy – especially during summers when you must run AC units or coolers to keep your house cool. You need to keep the electricity costs in mind when choosing the floor, especially if your city experiences long and harsh summers.
The most obvious advantage of top floors is the vantage point and views you can experience from your windows or balconies. So if the high-rise is near a scenic place and you want to enjoy the view, go for the top floors.
Apart from the view, higher floors also have better natural light and ventilation, making your home feel light and airy. You will also be away from street-level disturbances if you opt for top floors rather than ground or lower floors.
If you are buying a flat as an investment, lower floors may fetch better rental returns. But make sure to understand how the climate affects renters’ choices. For example, renters in Mumbai or Bangalore prefer upper floors – away from the noises of the street, whereas renters in Delhi – NCR and Chennai prefer lower floors.
Still confused about what floor to choose? Squarea expert team can help you find the right luxury home for you. Get in touch with us today to find the home that fits your lifestyle.
For more details on this subject, please email hello@squarea.io
From buying your first house to buying an investment property for your sunset days, chances are you will make at least one real estate investment in your life. And since it is a significantly high monetary value purchase, knowing you are making the investment at the right time, right place, and with the right person is crucial.The real estate market today offers you a wide variety of choices when it comes to selecting a developer – from reputed established builders to new small-scale builders – offering an array of features, amenities, and price points to attract different prospective homebuyers. Every developer – irrespective of their experience, reputation, and brand equity – has unique benefits and drawbacks.
Here are six things every homebuyer needs to consider when selecting between an established real-estate giant or a new player in the real estate industry to make a well-informed home-buying choice.
RERA certification is one of the most reliable credibility measures when it comes to real estate developers. Every real estate developer has to register under respective state regulatory authorities; and, thus, adhere to the provisions of the RERA Act 2016. So, purchasing a property from a RERA-registered developer – established or new – ensures the safety of your investment in cases of delayed possession, substandard construction, or incomplete project.
One key advantage of going with an established developer is their credibility and track record within the market can assure of the project quality. Although this does not mean new builders will deliver sub-standard quality or engage in fraud, you have to be vigilant when investing with a small-scale developer.
An established brand name comes with a premium price tag. On the other hand, a new or lesser-known developer might offer a lower price point to attract more customers. So consider your budget and the price point you are comfortable with when choosing between the two.
Luxury projects from real-estate titans generally offer the latest high-class amenities, better construction quality, and warranties on interiors which new players may not be able to offer. So you have to balance between the price point, construction quality, and amenities.
Experience and expertise of well-established builders often reflect in better property maintenance and upkeep – from construction onset to property handover. Additionally, some developers also go beyond this point and help residential societies maintain various amenities in the project – such as kids’ play area, swimming pool, or clubhouse. So to ensure you are investing in a project that is well-maintained up to and beyond the point of handover, looking at the builder’s track record is crucial.
Although residential real estate appreciates over time, projects by established real estate developers have a higher resale potential, attracting a wider buyer base and higher resale value when compared to new small-scale developers. So if you are looking for a higher return on investment, trusting a renowned developer can be a better choice. In short, apart from checking builder credibility and RERA certification, you have to balance your needs and expectations when it comes to price point, construction quality, amenities, property upkeep, and resale potential. But be sure to know your developer and consider the points above before making a high-value real estate investment.
Still confused about which is the better choice for you? Get in touch with the Squarea team today for all your home-buying needs.
For more details on this subject, please email hello@squarea.io
The decision to buy your first property is one of the biggest milestones in a person’s life and the timing of this investment can be crucial. Many factors can impact the decision to buy property, including financial stability, savings, life goals, and family dynamics. And different life stages come with different financial conditions and priorities.
But then is there an “ideal age” to buy a property? The short answer is “no”. The long answer is – there is no “one size fits all” answer to this question as real estate investment at different ages comes with different benefits and challenges. And although the average age of first-time home buyers has seen a drastic shift in recent years, the ideal age for you to buy a home will depend on things like home loan eligibility, EMI affordability, ownership responsibilities, and your risk profile.
So what is it like to buy a home at different stages of your life?
With the rapidly increasing purchasing power of Indian youth, many are opting to buy their first home in their 20s and 30s. Young buyers can let their investment mature over decades as the property values appreciate while they benefit from reduced tax liabilities. Additionally, entering the buying cycle young is better for financial planning and flexibility as you have little to no debt and family obligations, and you can focus on paying off a large proportion of your home loan before taking on any additional responsibilities.
The only drawback of buying young is you do not have enough savings for the down payment and have to take out a bigger loan. Additionally, you also cannot anticipate your family dynamics and shared life goals going forward, which means you may have to look at different properties as you move forward.
Mid-life is often associated with career growth, a higher earning potential, more disposable income, and a strong credit history. As a result, buying property at this stage is more financially feasible and you can explore a wider range of choices when it comes to property size, style, and location. And with your earning potential, you can also opt for longer loan tenure to manage your EMI obligations and benefit from reduced tax liabilities.
Additionally, you can also factor in your life goals and family dynamics in purchase decisions at this stage, where your life partner can increase your purchasing power and you can buy a home that aligns with both of your goals. Keeping family at the forefront, you can focus on providing a stable and comfortable life for your family, better educational opportunities for your children, and a secure future for all.
Your homeownership priorities and opinions may change as you move closer to retirement. You may want to downsize to a more manageable home that offers better amenities, is in an area with a more suitable climate, or is closer to your relatives. Moreover, at this stage, you probably have a principal residence and can invest in secondary properties for rental income.
Financial stability and growth at this stage may mean that you can buy the property outright with your savings and not have to rely on loans. However, if you decide to opt for a home loan, you may not be eligible for more favourable loan terms due to your advanced age and limited earning potential.
It is clear that there is no “ideal right age” to buy property. You need to consider your unique situation, requirements, financial stability, priorities, and risk profile when making that decision. Each stage in your life comes with different challenges and benefits when it comes to home ownership. You must weigh them and look at the market conditions when buying your first home.
No matter when you decide to buy a home, the Squarea team can help you find the best luxury homes. Get in touch with us today to find your dream home.
For more details on this subject, please email hello@squarea.io
Buying your first home can be quite an emotional decision for many. But you cannot forget that this would be one of the biggest legal transactions of your life, and stay vigilant to protect yourself from undue stress.
Whether you are a first-time home buyer or looking to purchase a resale property, the legal process for buying a residential property includes the following steps:
• Property search
• Legal due diligence and documentation
• Negotiation and agreement
• Home loan approval
• Registration
• Possession and handover
Although the specifics of these steps may vary, you will be following this process in general; and you cannot afford any missteps – especially when it comes to legal due diligence and documentation.
So what are some of the key legal aspects and requirements you must understand to safeguard your investment and ensure a clear title on your residential property?
The first and most important step is to verify the property title with the necessary documents going back at least 30 years (minimum 12 years if previous documents are not available). These documents can help you verify:
• The title documents (indicating the transfer of title over the years)
• Nature of the title
• Development agreement or power of attorney
• Pending and past litigations against the property
This can help you ensure the nature and marketability of the title and establish a clear title free from encumbrance.
The next – and equally important step – is to identify the seller and their ability to convey the property. This includes information like:
• Residential status of the seller (in case you may need special government authorization for the sale)
• Identity and consent of all owners (in case of jointly held properties)
• Court order authorizing the sale and appointing a guardian (in case of property held by a minor or an individual of unsound mind)
Documents like Aadhaar numbers, PAN, passports, or income tax returns can help you ascertain the identity(s) of the seller(s) and establish they have the proper authority to sell the property.
Many state and national laws restrict the ways land can be used, making ascertaining the type of land the property is on – residential, commercial, industrial, or non-agricultural – essential. So ensuring the property stands on non-agricultural residential land is essential as non-agriculturists may get in trouble for purchasing agricultural property.
Additionally, you must ensure that the property complies with the zoning plan. If the actual land use differs from the zoning plan, getting the necessary approval from the Town Planning Authority for a change of land use is mandatory.
In case you are buying an apartment or a constructed building, validating the construction plan and necessary approvals from relevant authorities is crucial. This includes approval and NOCs from different departments – like the Pollution Board, Environment Department, Traffic and Coordination Department, and many more – to ensure access to infrastructure facilities – like water, electricity, sewage, environmental clearance, fire safety, and more.
Occupancy certificate – indicating the property meets all regulatory and statutory requirements and is fit to occupy – from the competent authority is mandatory. Use – or sale – of property without such approval leaves buyers vulnerable to penalties and risk of demolition.
Non-payment of taxes can affect the marketability of a property. So ensuring the seller has cleared all their dues – tax and utilities – is crucial. Otherwise, the buyer will be liable to clear all pending dues against the property.
Be sure to check any registered encumbrance on the property before buying the property. You can search at the jurisdictional sub-registrar office, the website of the Ministry of Corporate Affairs (in case of a corporate seller), or issue a public notice to find any third-party claims against the property.
It is advisable that a buyer undertakes a physical survey to confirm the extent and measurement of the property against the information provided by the seller.
Especially when purchasing land, identifying the boundaries, access, and any other physical attributes can help ensure you can enjoy your property properly.
Any project falling under the scope of the Real Estate (Regulation and Development) Act, 2016 (RERA) has to be registered with the RERA authority. So be sure to check the RERA registration of the property – and the real estate broker – before purchasing the property to establish the credibility of the project and the seller.
In case you are buying a resale property, be sure to verify whether there is a loan outstanding against the property. You can ask the seller to clear the outstanding loan amount to get the original property documents from the bank and register the property in your name to get a loan of your own. Or you can apply to transfer the loan from the seller’s name to yours and continue to make payments. In any case, be sure to get copies of the title documents, loan outstanding statement, and no dues certificate from the bank to ensure a clear title.
This is a general legal checklist you must consider before buying a property in India. However, it is advisable to work with a skilled legal expert to conduct proper due diligence, examine every small legal facet, and ensure the safety of your investment.
Need help to understand the legal requirements when buying a property? Squarea expert team can direct you to the right resources and help safeguard your real estate investment. Get in touch with us today to find the home of your dreams.
For more details on this subject, please email hello@squarea.io
Buying a home is probably one of the biggest purchases you will make in your lifetime. But to make sure the cost of the property fits into your budget you must understand the different factors that contribute to the final cost of property investment. You are probably aware of some factors, like construction material, land, and labour charges. But you cannot rely simply on the per-square-foot charges as quoted by the builder to estimate the cost of your property investment.
Here are some – potentially hidden – components that make up the total cost of property investment in India:
PLCs are usually levied on a ‘per floor, per square foot’ basis, and are the costs you must pay to access “prized locations”. This may simply be the floor rise charges or premium costs for penthouses that come with gardens or lake views. This cost is not fixed and will vary from builder to builder and from time to time.
Despite the Supreme Court’s ruling in 2010, many developers still charge hefty amounts for covered parking spaces. This can range anywhere between 1 to 5 lakh on top of the price of your flat.
Clubs in residential societies have become a rising trend and do not come free of cost. You must pay a one-time membership fee – for a predetermined period – to access these clubs. This can turn into a recurring expense after the initial period ends.
Builders also tend to charge additional costs for civic amenities like fire safety, electricity backup, and water – adding them to the total cost of the property. Builders often levy charges like External Electrification Charges (EEC) and Fire Fighting Equipment Charges (FFEC) at the time of purchase. And you may also have to bear the costs of getting an electric connection for your home.
EDC and IDC are the charges developers must pay the state government for infrastructure and amenities – like access roads, parks, or civic infrastructure – development in the surrounding areas. However, builders often pass these costs on to the buyers, adding to the overall cost of property investment.
Residential societies charge maintenance fees for the amenities they provide. Builders often take an upfront maintenance deposit at the time of purchase to cover maintenance for up to 2 years. After this, the residents are responsible for establishing a co-op society and setting a maintenance amount to be collected monthly or annually.
Although not hidden, buyers often end up overlooking brokerage fees when working with a real estate broker. They often charge 1-2% of the total house cost as brokerage, which adds to your total cost of property investment.
The state government charges anywhere between 5 to 7% of the property value as stamp duty. This is a compulsory fee to get the house registered in your name. Additionally, you will also need to pay 1-2% of property value as registration fees to the court for the full and final agreement indicating the change of ownership.
Every under-construction property in India is subject to GST – 1% for homes under 45 lakh and 5% for more expensive homes. Ready-to-move properties, however, are exempt from GST.
If you are opting for a home loan, you will also need to factor in loan processing fees in your property investment budget. These fees will cover the basic administrative costs, costs to carry out credit checks, and any additional costs for value-added services – like property search, flexible tenor, or online loan application.
Your property investment costs do not end with the purchase and registration of your house. You have to budget for moving expenses, interiors, furniture, electrical appliances, and any other peripheral expenses when deciding to purchase a property. These costs can easily go up to 10 lakh even if you are focusing only on basic necessities.
There is no way you can avoid these charges when purchasing a property. So be sure to plan for these and keep some room in your budget for any unexpected changes.
The Squarea team can help you understand all the costs involved in property investment. Get in touch with us today to start your home-buying journey.
For more details on this subject, please email hello@squarea.io
In an ever-changing world, the success of any business depends on one key factor: how effective the company’s sales leader is. The challenging economic times require a leader who can exemplify the characteristics of being agile and savvy and is invested in the success of their team and the company. CEO Insights exclusive team engages in a conversation with one such effective Sales & Marketing leader, Aseem Agarwal, Co-Founder, Squarea Consulting, who holds over 15 years of extensive experience across the Real Estate, Banking & Financial Services sector and is equipped with the qualities needed to guide teams through uncharted waters.
London based global design brand YOO Worldwide and luxury real estate advisory company SQUAREA with offices in Pune and Dubai have entered into a partnership to market branded residences for luxury and hospitality developers with their inaugural project being a luxury development in East India.
The partnership aims to bring together the joint capabilities of YOO Worldwide’s design and interiors expertise along with SQUAREA’s expertise in luxury marketing and sales, and HNI portfolio management.
The branded residences segment, while growing at a 160% YOY, is a largely under-served segment with only 690 developments or ‘schemes’ globally and a little over 600 more expected to be completed by 2030.
Branded Residences offer an international standard lifestyle while meeting the expectations of an increasingly lifestyle conscious, globally aspiring clientele. They are also refreshingly different and help to reposition the portfolio of growing and emerging luxury developers and also enhance their corporate brand reputation.
The Indian market is projected to touch 1.65 million HNWIs by 2027 with UHNWIs expected to touch 19,119 individuals in the same period (up by 58%) from 12,069 in 2022 (Knight Frank, 2023).
Branded Residences with their promise of a global lifestyle also interest the Non-resident Indian segment interested in luxury homes in metros. The brand lifestyles which come with these homes are also similar to the lifestyle of global cities. Top designers and architects who work on such projects are already very reputed in their respective countries and such developments therefore need no formal introduction.
The opening project of the YOO and SQUAREA partnership will also see the involvement of Philippe Starck personally and will become the third project in India carrying his signature design and innovation.
Branded residences largely cater to the topmost spectrum of the home buying base – the HNWI and UHNWI segment. These residences can serve as both primary residences or second homes, many a time in a second city of choice. This is where developers can command a brand premium, profitability and returns.
Buying a resale flat can be a great opportunity for you to become a homeowner without having to pay the market rate. You can also move in immediately without having to wait months – or even years – to get possession. But as a resale flat has changed multiple hands, buying it comes with numerous technical implications and complex legal procedures. It can also be risky to buy a resale flat without doing your due diligence.
But what can you do to safeguard yourself in such situations? Here are the 13 important documents you must check before buying a resale flat to ensure you don’t get scammed:
Conducting a Title Search or Title Verification at the Registrar’s Office gives you access to the Title report detailing the history of the flat. It will also outline information like title holder’s name, joint encumbrances, liens, mortgages, tax rates, and property tax.
If the flat you are buying is mortgaged against a home loan, it is crucial to check the debt status. And to ensure that the previous owner has paid back all the pending dues to the bank, check the No Dues Certificate, No Objection Certificate, and other home loan clearance documents from the bank.
Buying a flat in an illegal construction can get you in trouble down the line. Make sure to verify that the local municipal authority has approved the building plan – outlining the property blueprint, equipment layout, and utilities – and the flat is built per the approved plan.
The municipal authorities issue the Completion Certificate on project completion while local government agencies issue Occupancy Certificate once the project is deemed to be suitable for occupancy. Collecting both these documents in the previous owner’s name is crucial to verify that the flat is constructed following relevant legal guidelines and is fit to occupy.
The Encumbrance Certificate will outline any legal issues or transactions related to the resale flat you want to buy. Checking it can help you ensure that the property title is clear and marketable, has no dues or has not been partially sold to someone else.
You may be held responsible for any unpaid utility bills for the resale flat you purchase. Checking utility bills – including electricity, gas, or water bills – lets you know if any bills are unpaid and verify that the bills are registered in the name of the owner.
Checking the latest tax receipts of a resale flat can help you ensure that the previous owner had paid taxes on time and there are no outstanding dues or fraudulent activity attached to the property.
Checking from competent authorities – including banks, society, electricity board, etc. – is crucial before paying anything for a resale flat because it is illegal for a reseller to sell their property without furnishing the relevant NOCs.
When buying a flat in a co-op housing society, a NOC or No Dues Certificate from the society is vital to indicate that the seller has been abiding by the society’s rules and has no dues, and the society has no objection to the transfer of ownership and Share Certificates to the buyer.
The title deed is the primary proof of property ownership. Be sure to check the original title deed – outlining the names of the original seller and buyer, details of loans against the property, and any other related information. This helps you verify that the flat has a marketable title and seller has clear ownership of the fact.
Sale Deed is one of the core legal documents that will be considered as the main proof of ownership if you decide to sell the property in the future. You need to register it in the
Registrar’s Office and is the most important document you must check once the Title Deed transfers the title of the resale flat to you.
Builder issues the Possession Certificate to the first owner after they take physical possession of the property. The builder will jot reissue this document at any time and you must obtain it from the seller after signing the Sale Deed.
When buying a flat in a co-op housing society, you will need to get the Share Certificate transferred to you. Once you receive the Sale Deed, you will need to collect the original Share Certificate from the seller and submit it to the society along with a mutually signed transfer form. Then the society will issue a new Share Certificate – containing names of all previous owners – that will entitle you as the new owner.
Each one of the documents is crucial when you want to buy a resale flat. Your bank will also need you to submit these documents if you are applying for a resale home loan. Missing any of these documents can land you in trouble in the future with concerned authorities. So be sure to check them with a fine-toothed comb and safeguard yourself when buying a resale flat.
Thinking about buying a resale luxury flat? The Squarea team can help you every step of the way. Get in touch with us today for a smooth buying experience. For more details on this subject, please email hello@squarea.io
Known as the “Oxford of the East”, Pune is well-known for its quality educational institutions, career development opportunities, hospitality, a pleasing environment, and much more. With many residential projects in different suburbs offering modern infrastructure, connectivity, and convenience, Pune’s real estate market is booming.
Situated in Pune’s eastern corridor – on the scenic banks of the Mula – Mutha Rivers – Kharadi has captivated the interest of investors, real estate developers, and residents alike. This bustling suburb is home to some of the finest residential spaces Pune has to offer, guaranteeing that you will never regret investing in Kharadi.
But what makes investing in Kharadi worth every penny?
The strategic location of Kharadi – in the centre of Pune – means that it is easily accessible from across the city. A bypass road via Kharadi also connects the Pune-Ahmednagar state highway and the Pune-Solapur national highway. The NH-753F also connects Kharadi to Pune Junction (11 km) and Pune Airport (7 km) for easy travel.
A well-designed road network ensures easy access to prime areas of Pune, including Koregaon Park, Viman Nagar, Kalyani Nagar, Magarpatta, Cyber City, and many more. This, combined with the new Pune Metro connectivity and a robust public transportation infrastructure, makes Kharadi a preferred location for prospective home buyers.
Kharadi has been on Pune Municipal Corporation’s development radar for the last several years, resulting in excellent civic infrastructure and road projects. Additionally, Kharadi also offers a well-developed social infrastructure that can support a luxury lifestyle.
Here are just a few examples of booming social infrastructure in Kharadi:
| Social Infrastructure in Kharadi | |
| Schools and Educational Institutions |
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| Retail Hubs |
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| Healthcare |
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| Hospitality |
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Kharadi has been recognised as one of the best upcoming micro-markets in Pune. Development of new IT, commercial, and business spaces has also resulted in Kharadi being designated as a Special Economic Zone (SEZ), EON Knowledge Park, and EON Free Zone.
The notable IT parks in Kharadi include:
· EON IT Park
· Kharadi IT Park
· World Trade Centre
· Zensar Technologies
· Cerebrum IT Park
· Cybercity
In addition to various MNCs – including TATA, Wipro, Reliance, and Barclays—establishing offices in Kharadi, it is also close to major employment hubs like Magarpatta, Mundhw, and Keshav Nagar.
With its proximity to major employment hubs in Pune and ample social infrastructure, Kharadi has become a residential and rental hotspot. Its strategic location has led to many developers offering a variety of residential options, from simple, affordable homes to luxury apartments. And with many major real estate developers investing in Kharadi, it has the potential to accommodate the influx of population brought on by employment opportunities.
Kharadi has a lot to look forward to, including a proposed 43-acre IT Park, the Hadapsar-Kharadi metro corridor, an upgrade of the road infrastructure, and numerous beautification projects.
On top of these, experts estimate an approximate 12% yearly growth in Kharadi property values, making it a worthwhile investment if you are looking for a high return on your real estate investment.
So are you ready to call Kharadi your home? Get in touch with the Square team to invest in luxury homes in Kharadi. For more details on this subject, please email hello@squarea.io
Pune – the “social capital of Maharashtra” – has attracted many people and inspired them to call the city their home. As the city continues to attract more people, Kharadi has emerged as a prime location to invest in real estate.
From great connectivity and proximity to IT hubs to elite neighbourhoods, luxury amenities, and a tremendous potential for development, Kharadi is a great location if you want to invest in residential real estate property in Pune.
With its tremendous development potential, many big real estate developers are making it easier to buy smart and affordable residential property in Kharadi. But the decision to buy the right property to call home is not easy.
So how can you choose the best property? What are some things you need to know and consider before buying?
Kharadi is a big area; so, choosing the right area is essential. A property in proximity to educational institutions, IT hubs, or hospitals will always be in high demand. And if you can find the right place that has development potential, you can be at the heart of the next hotspot. Also, note how far the property is from direct traffic. Although neighbourhoods close to major roads offer more connectivity, areas a little further away from direct traffic can make your home more peaceful and clean.
Once you have a neighbourhood in mind, the next thing you need to focus on is researching the real estate and residential property rates in the area. Checking the average rates in the area can give you an idea of the area-wise price and help you determine how it can fit in your budget.
Almost all big names in real estate development in Pune have a presence in Kharadi. Checking out different developers can help you compare rates with the amenities available. Going for an under-construction property from one of the well-known developers can help you access the amenities you need without stressing your budget.
Another – almost hidden – thing you must know is the maintenance cost of the property. Buying or building a stand-alone house with a garden or pool will need a lot of care, time, and
money to maintain. Similarly, bigger townships with luxury amenities will come with high maintenance costs, but will not require you to spend time and effort for maintenance. So be sure to check the maintenance costs and choose a low-maintenance property.
Proximity to social infrastructure and amenities like schools, hospitals, public transportation, civic amenities, restaurants, gyms, and grocery stores can make or break your experience of a home. Areas closer to major social infrastructure – like schools or major educational institutions – are generally safer and experience rapid development. This can not only help you sustain and improve your lifestyle but also get a good return on your real estate investment if you decide to sell.
If possible, be sure to interact with locals and understand their experience living in Kharadi. How are the water supply and drainage systems? Is parking readily available? Can you easily access daily essentials? Is the area secure? These are some of the things only locals can answer accurately. If you cannot ask people living in the area, real estate aggregator sites can give you a pretty good idea about how locals feel about Kharadi – and specific neighbourhoods within.
Remember, buying a residential real estate property cannot be a hasty decision. You must invest a great deal of effort, time, and money in finding the right property for you. Be sure to consider all the things that will help find the property you will call home.
If you are looking to buy a luxury residential property in Kharadi, look no further than Squarea. Get in touch with our team to call Kharadi your home. For more details on this subject, please email hello@squarea.io
