Thinking about Buying Residential Property in Kharadi?

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?

Choose the Right Neighbourhood

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.

Research Rates in the Area

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.

Stay near Social Infrastructure and Amenities

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.

Understand how Locals Feel

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