Is It Wise To Buy a Luxury Home In Pune?

The term ‘luxury’ has taken a whole new meaning in this city called ‘Oxford of the East’. Known for its high-quality education opportunities and growing IT, Pune is today becoming a renowned name in the real estate industry as well. Due to the commercial progress in the city, a number of industrialists and high-net individuals are now immigrating to Pune. Pune has seen a paradigm shift in the kind of housing and residences it offers since the last decade. From wadas, standalone buildings and own bungalows, the city’s skyline is now giving way to townships, luxury projects, high-storey buildings and row houses. The transformation is not a sudden one though, it is the demand of the residents of Pune that has led builders to create new and improved homes in the city. Earlier, one could easily find a 2 BHK apartment in Pune within 50 lakhs. But today, it is impossible to find a good apartment at that cost in the city.

The same goes with luxury homes in Pune. The cost and the configuration of luxury homes are constantly on the increase. Today, you will find a number of projects offering 4 and 5 BHK luxury apartments in Pune, penthouses, row houses, etc. These projects also deliver a world-class living experience with amenities and facilities of international standards. The cost of these homes however, are above 3 crores, going up to 10 and 15 crores depending on the location and the project. These high costs raise a question of whether it is a wise decision to buy a luxury home in Pune?

The answer is yes, if you purchase with the right builder at the right location. Today, a number of builders have come up in the city offering way too many luxury projects. If you are a first time buyer in the luxury segment, you might want to take assistance from real estate experts before you shell out such a huge sum of money. Location is also a very important factor to consider before you make your decision. Pune has spread out widely in recent times, confusing buyers as to which would be the ideal location to buy a luxury home. Some of the best locations to buy premium properties in Pune include Kalyani Nagar, Viman Nagar, Kharadi, Hinjewadi and Model Colony. These are areas that are close to business destinations and yet present you with a serene and natural environment around your home. Another benefit of buying in these areas is the rapidly growing appreciation rate, giving you great rewards on your investment in the years to come.

Next important factor to consider is the builder. Choose a builder who has developed premium properties in his portfolio, understands the integrities of luxury living and promises you good after-sales service. These qualities will differentiate the good builders from an excellent one. When you are spending such a large amount of money, make sure you buy a premium property that will soothe your senses and celebrate YOU!