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Do studio apartments in Pune make for a good investment decision

Pune has been making major strides in the manufacturing and IT sector which has translated quite well to the appreciating real estate market in the city. With a rising demand for compact living spaces, studio flats in Pune have emerged as a popular choice for millennials and working professionals. Investors can join the hype train and invest in studio apartments for sale in Pune for great ROIs.

Well, if higher ROIs are something that you fancy, here is why these cosy dwellings make for excellent investment choices.

Affordable entry

Studio flats in Pune offer the most budget-friendly way to enter the property market. With lower sale prices than bigger flats, studio apartments for sale in Pune are affordable investment options. Plus, their smaller size also helps you to lower miscellaneous expenses like maintenance and utility costs. Perfect to kickstart real estate investment.

Rental income

With a super dynamic job market that pulls in people from all across the country, your investment could start paying for itself thanks to the high demand for studio flats in Pune on rent. Offering a compact layout, these compact homes can be highly desirable among students and young professionals who are looking for affordable housing solutions. This ensures a steady stream of rental income.

Prime locations

Studio flats in major urban hubs of the city make for great investment instruments. With key amenities like educational institutions, hospitals and transportation facilities nearby, expect rental yield and higher desirability during future sales.

High demand from students

Educational institutes in and around Pune are often ranked among the finest in the country and many students from all over India move here to pursue education. With such a high influx of students every year, there is always a constant need for affordable and conveniently located accommodation options. Investing in studio flats in Pune near education hubs can yield higher returns on your investments.

The flexibility factor

One of the key advantages to choosing studio apartments for sale in Pune as investment choices is their flexibility and versatility factor. Convert and customise these cosy homes with ease to keep up with the changing tenants and their preferences. Plus, renovating and repairs down the line will not cost as much. This allows an easy upgrade path to enhance the appeal of the property to maximise the rental value.

Studio apartments for sale in Pune can turn out to be a really enticing option for investors looking to dip their toes in the real estate scene of Pune. The combination of affordable entry, high rental yields and flexibility, makes them highly profitable in the long run. Plus, resale values also tend to appreciate over time in the city’s dynamic landscape. Follow up on thorough research before investing in this booming market. By pinning down the nuances of the trends in real estate and investing wisely, studio flats in Pune can turn out to be that perfectly lucrative venture to get you started.

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Financial Planning Tips for Buying Ready Possession Flats in Pune

The charm of getting yourself a ready possession flat in Pune is undeniable and as the city picks up pace in the real estate scene, many homebuyers are looking to secure a home in the heart of the city. And while the appeal of immediate occupancy is clear, homebuyers must have a clear path to traverse the financial waters with the help of strategic planning.

So, if you are looking to buy flats in Pune that are ready for possession, these financial tips should help you make the perfect budget. Here is what you need to know.

Precise budgeting A well-defined budget is perhaps the cornerstone of successful budgeting. Before you dive into the deep end of real estate, having a well-planned budget becomes an absolute necessity. When budgeting, consider other factors apart from the selling price, like stamp duty charges, registration fees, taxes and more. Factoring in all these points will help you come up with the right budget so that you never overstretch your finances.

Checking loan options Almost 90 per cent of homeowners finance their purchase of ready possession flats in Pune. And while almost every other bank will be offering you loans, it is up to the buyer to research serval financial establishments to get the lowest interest rates and the best loan terms. Also, some banks might offer additional benefits for senior citizens as well. Therefore, contact the bank to discuss the prepayment terms and check every condition of the loan thoroughly before proceeding. With the right loan, you should be able to considerably lower the cost of the property.

Understanding the advantages of a ready possession flat in Pune

Since ready possession flats in Pune come with the added advantage of immediate occupancy, it helps to save on rent and accelerate the relocation process. But, as a homebuyer, it is very important to never overlook the cons. Experts advise that you should always go for a thorough inspection of the property to help identify any potential issues. This will ensure that your immediate possession does not come at the cost of any other hidden problems.

Effective negotiation

While most properties in Pune come with a fixed price tag, there is always room for negotiation. Even better, if you are booking the property during the construction phase. Schedule a meeting at the builder's office and explore any options for potential discounts. This can be a great option if you are willing to make a quick purchase. And since builders are constantly looking to sell out units quickly, grabbing a better deal can be a real possibility.

Future proofing

As the saying goes, “prevention is better than cure.” planning out for any future contingencies is essential when you are planning to buy flats in Pune. An emergency can come knocking on the door at any time and, potential changes in interest rates or any family problem can hamper your ability to meet mortgage payments. Therefore, having an emergency fund is critical, which will add an extra layer of security to your investment.

And as the market strides towards an uptick, now is the best time to get yourself a ready possession flat in Pune when the prices are still manageable. Coupled with the right financial strategy, you should be able to weather any challenges to home ownership.

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Bramhacorp is a real estate development company based in Pune, India. The company is involved in the development of residential and commercial properties. They are known for their focus on quality construction, innovative designs, and customer satisfaction.

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Lease vs buy: Which is the best option to get a shop in Pune

The city of Pune has emerged from the shadows of major IT hubs like Bangalore as one of India’s thriving hubs for businesses and for those considering setting up shop in the city, one of the key decisions one must make is whether they should buy a shop for sale in Pune or lease one. And while each set comes with its own unique set of advantages and disadvantages, certain considerations help you make the right move for your business.

So, should you lease a shop or buy one in Pune? Here is everything you will need to know to make an informed decision.

Leasing shops in Pune

This can be an exceptionally attractive option for those who are looking to get started without huge overhead costs. When a commercial property is leased, business owners are able to avoid any hefty purchase costs, which allows them to allocate these funds to other aspects of the business. Plus, with leases providing business owners great flexibility, they are now able to shift their businesses when needed, which makes it highly helpful for businesses or startups with uncertain growth trajectories.

However, it is not all sunshine and roses when leasing a shop. With a leased property, you lose out on any equity gain on the property and the rent paid towards the property does not constitute an investment. And with many landowners' restrictions on the use of the space, it limits the ability to create a personalised storefront.

Buying shops in Pune

On the flip side, buying a shop for sale in Pune presents businesses with a long term investment opportunity that allows them complete control and flexibility over the property. A bought property will also increase in value over time, which will help businesses build equity in the property. And couple that in with the city’s dynamic commercial real estate, the potential for value appreciation for the property can be a massive boon for businesses in the case of resales.

Owning the shop will also enable you to have greater freedom in how you want to use your property. From implementing your brand design language to modifying the storefront to complement your business, this level of freedom in customization can significantly help with your business’s visibility and customer appeal.

However, it is equally important to note that if you are planning to buy a shop for sale in Pune, there are plenty of significant costs associated with the purchase, including property price, registration costs, bank processing fees, and more. If you add up all these costs, it does make for a significant financial commitment for your business. Plus, you would also be responsible for the maintenance, taxes, and other ownership related costs for the shop which can usually drive up business operational costs.

Which one to choose?

While both of these options bring forth the perfect avenues for setting up a shop in Pune, they both come with their own unique perks and drawbacks. Business owners will need to carefully consider the financial resources, business growth, and other customization needs to be able to come up with the most informed and profitable decision.

Understood the basics? Whether you decide to buy a shop for sale in Pune or lease one, a panoply of factors will play a vital role in pivoting your decision towards one or the other. Therefore, it becomes essential to carefully evaluate each perk and drawback of each option to help you secure the right spot for your business in the vibrancy of this dynamic Maharashtrian city.

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How to maximise space in your 1 BHK flat in Pune?

Small yet mighty, 1 BHK flats have become quite the popular choice for young couples and small families. Despite their diminutive size, these adorable units can offer plenty of space if planned meticulously. So, if you are looking to buy a 1 BHK flat in Pune but are worried about the space, don’t fret. We have got you covered with this ultimate space-saving guide.

Storage solutions The biggest challenge with a 1 BHK flat in Pune is figuring out the storage options for all your belongings. Here are a few clever spots to use for storage.

Under the bed The space under your bed is often the most underused spot in the room. This makes it a great option to stow away everything that you won't need immediately.

Wall The walls of the room are like a blank canvas and you can use plenty of options to add smart storage solutions to save space. From wall shelves to stow away desks, this will help you to clear up more floor space. Vertical storage If you don’t want things hanging off the wall, investing in vertical storage solutions is a great option. Find a plethora of choices online, and since they are generally customisable, you can use them perfectly for your needs.

Furniture options Furniture is often the most space consuming aspect of your 1 BHK flat in Pune. Here’s how to maximise space in your 1 BHK flat with some genius furniture solutions. Skip on the sofa While a sofa or couch seems like a staple piece of furniture for any home, these often take up a lot of space and are not easily moved. Opting for other seating options like bean bags or recliners can help save space, plus their lightweight nature means you can stow them away when not in use. Folding tables A folding table can be a great alternative to your traditional dining table. These multipurpose tables can be set up in a few seconds and folded away when not in use, offering more flexibility and enhancing floor space. Multipurpose furniture Multipurpose furniture can be a great option for space saving in a 1 BHK flat in Pune. From sofa-cum-beds to a shelved ottoman, these options can serve multiple purposes without taking up much space in your home.

Other tips to maximise space for your 1 BHK flat in Pune Now that you have the furniture and storage options figured out, here are a few more general tips for space saving.

1. Align furniture with walls: Ensure that your furniture is aligned with the walls and not placed in the centre of the room. 2. Install mirrors: While this might not be an actual space saving tip, installing mirrors in a room can help give the impression of more space. Plus, this also allows for better lit rooms.

If you are planning to buy a flat in Pune, these space saving tips should be your ultimate guide to space saving. Carefully follow these and you should have a cozy home in no time.

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Top builders in Pune to buy residential properties

While finding the right property is crucial, getting it from the right builder in Pune is equally critical. With a reputable builder, not only do you keep your most valuable investment safe, but they also guarantee a level of quality, that is unparalleled. These top property developers in Pune are riding high on the real estate wave thanks to their decades of experience in the field and multiple quality projects in and around the city. From timely completion of constructions to hassle free loan disbursals thanks to banking partners, the top property developers in Pune are going to offer the best experience while making a quick and convenient homebuying process. This post aims to list out the top five builders in Pune worth looking at when searching for residential properties in the city. Here are the best ones to consider. Bramhacorp Bramhacorp is a name synonymous with trust and innovation in the Pune real estate scene. They have a reputation for not just building homes but also communities. They've left their mark with residential projects like the August Tower, Boulevard Towers, The Collection and many more that offer a perfect blend of modern amenities and a place in Pune’s gorgeous skyline. Bramhacorp is known to craft eco-friendly spaces with each residential unit offering an idyllic Pune experience at every budget. Shapoorji Pallonji Real Estate Shapoorji Pallonji deserves a special mention in any list of the top property developers in Pune. Bringing forth a legacy of over 150 years of excellence, each home made is an absolute masterpiece. A thorough commitment to quality ensures that everyone gets the best homebuying experience. When it comes to homes, it's not just bricks and mortar; it's about creating dreams. Karia Developers Expect fine tailored living solutions in Pune's real estate landscape with Karia Developers. A legacy of three decades, each of their unit is a testament to their commitment to quality and customer satisfaction. Each property is constructed only with the highest building standards and fitments. Buying a home is a significant investment, and Karia Developers take pride in bringing your dream home to life. Kolte-Patil Developers With a rich heritage of 25 years in the making, Kolte-Patil Developers have left an indelible mark on Pune’s real estate scene. Owning to a keen knack for identifying prime locations that are poised for growth and creating remarkable projects to attract any homebuyer, their attention to detail and innovative designs earns them a top spot in the list of the best builders in Pune. Panchshil Realty Panchshil Realty has transformed Pune's real estate landscape with their huge portfolio of luxury apartments, commercial spaces, and hospitality projects all across the heart of the city. Brimming with an ethos of creating living spaces that are not just functional but also aesthetically brilliant, Panchshil Realty has developed some of the most iconic properties in the city like the Panchshil Towers and Trump Towers. These five were the biggest players in the residential real estate of Pune. With grand properties already sold out and many under construction, these top property developers in Pune bring you the finest living solutions in the city. Choosing the right one should be one step closer to finding your dream home.

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Must have amenities at a furnished studio apartment in Pune

Modest, yet mighty, studio flats in Pune have been quite in demand for working professionals and small families alike. With the added advantage of being located in residential projects in the prime pockets of Pune, studio apartments, especially the furnished ones, are selling out like hotcakes.

If you too are looking to get a taste of this real estate trend, furnished studio apartments can be a worthwhile investment. These studio flats come with all the necessary amenities required for living. From electrical appliances to furniture, furnished studio apartments are made with immediate possession in mind.

So, what are the amenities to expect when you buy a furnished studio apartment in Pune? Here is a quick checklist to help you pick the right option.

Home electricals

The first amenity to come with your furnished studio flat in Pune is home electrical. This includes ceiling fans, light fixtures, and air conditioning units. Do note that some residential projects in Pune come with central air conditioning that eliminates the need for individual ACs.

Kitchen Appliances

Kitchen appliances are also part of furnished studio apartments in Pune. This will include refrigerators, microwave ovens, kitchen chimneys, induction, and gas cooktops. More expensive residential projects will also offer premium appliances like dishwashers.

Other appliances

Furnished studio apartments in Pune also offer big-screen televisions, intercoms, and many other appliances to make your life more comfortable. Ensure to check with the developer of the project or check the official brochure to find the complete details regarding the appliances you can expect with the furnished studio apartment in Pune.

General Furniture

Your furnished studio apartment will come with all the necessary furniture to accommodate your life. From king beds in your bedroom to comfy couches for the living room, almost all the furniture you will ever need is included in your purchase of the furnished studio apartment.

Do note that furnished studio flats in premium residential projects in Pune will offer higher-quality appliances and furniture. Remember to speak with your builder for more details on the offerings.

Safety equipment

Your furnished studio apartment must come with all the safety equipment suggested by the authorities. This includes fire fighting equipment like heat sensing sprinklers, extinguishers, sand buckets on each floor, and emergency exits to curb panic. Although new residential projects in Pune are constructed with all the fire and other emergency safety norms, it is always a good idea to check yourself.

It is very important to note that the amenities and features to expect with your furnished studio flats in Pune all boil down to the price it commands. With higher priced units, expect premium quality appliances and furnishings, while more affordable options will offer everything but on a budget.

Remember to consult with your builder or your real estate agent to check what amenities are offered by a particular furnished studio apartment in Pune so that you can make an informed purchase decision.

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Traditional Charm: Heritage Wedding Venues in Pune

Weddings are joyous occasions that mark the beginning of a beautiful journey for couples. And what better way to celebrate this milestone than in the midst of traditional charm at heritage wedding venues in Pune? Pune, known for its rich history and cultural heritage, offers a plethora of stunning venues that combine the allure of tradition with the grandeur of weddings. Let's explore five such enchanting wedding venues in Pune that are sure to make your special day an unforgettable one! Aga Khan Palace Embrace history and elegance at Aga Khan Palace, a heritage wedding venue nestled amidst serene surroundings. This architectural masterpiece is a symbol of India's freedom struggle and offers a unique ambiance for weddings. It easily ranks among the best wedding venues in Pune. The lush gardens, elegant interiors, and tranquil lakeside views provide a picturesque setting for your special day. Let your love story unfold against the backdrop of this historic palace, creating a blend of tradition and romance. Shaniwar Wada Palace Step into the regal world of the Marathas at Shaniwar Wada Palace, an iconic heritage venue in Pune. With its majestic architecture, intricately carved wooden pillars, and sprawling courtyards, this venue exudes a royal charm. The historical significance of Shaniwar Wada adds an extra layer of allure to your wedding celebrations. Exchange your vows amidst the grandeur of this palace, creating memories that will be cherished for a lifetime. Fort JadhavGADH Transport yourself to a bygone era at Fort JadhavGADH, a splendid fort turned heritage hotel. One of the best wedding venues in Pune, Fort JadhavGADH seamlessly combines the grandeur of a fort with modern amenities, making it an ideal choice for weddings. From the opulent banquet halls to the spacious courtyard, every corner of Fort JadhavGADH exudes traditional charm. Indulge in the regal experience, as you and your guests revel in the festivities and create timeless memories. Empress Garden Escape to a verdant paradise at Empress Garden, a picturesque venue known for its sprawling lawns and vibrant flora. This enchanting garden provides a beautiful setting for outdoor weddings, with its colourful flowers and tranquil ambiance. The passive tone of nature creates a soothing backdrop, adding a touch of serenity to your wedding festivities. Exchange your vows amidst the blooms and let the natural beauty of Empress Garden weave its magic into your special day. Osho International Meditation Resort Experience tranquility and spirituality at Osho International Meditation Resort, a unique wedding venue in Pune. This serene oasis offers a blend of natural beauty, lush gardens, and serene water bodies. The passive tone of the resort creates a soothing ambiance, perfect for couples seeking a peaceful and intimate wedding celebration. Say "I do" in the midst of nature, surrounded by the positive energy and spiritual vibes of Osho Resort. Embrace the traditional charm of heritage wedding venues in Pune and create memories that will last a lifetime. These venues offer a perfect blend of history, beauty, and romance, ensuring that your wedding day becomes a truly unforgettable experience.

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Plan the best bachelor party with the best resorts near Pune with bar

A bachelor soirée is an extraordinary event that every groom anticipates eagerly, as it presents an opportunity to revel with friends and forge indelible memories. If you are scouting for a peerless location for a bachelor party near Pune, then the resorts near Pune with a bar present an ideal option. In this blog, we shall steer you through some of the finest resorts in the vicinity that provide first-rate bar facilities for an unforgettable bachelor party. Resorts Near Pune with Bar: A Synoptic View Pune is enveloped by several picturesque locations that are perfect for a bachelor party. From hill stations to serene countryside, there are myriad options to choose from. Here are some of the top resorts near Pune with a bar: The Machan Resort, Lonavala The Machan Resort in Lonavala is a fashionable destination for bachelor parties, thanks to its stunning tree-house accommodation, which furnishes a unique and bucolic experience. The resort also features a well-stocked bar, where you can relish drinks with your comrades amid nature. The Deltin, Daman If you seek a lavish and extravagant bachelor party, then The Deltin in Daman is the place for you. This resort near Pune with bar proffers a wide array of activities, including a casino, spa, and water park. It also boasts a well-equipped bar, where you can savor drinks with your companions. The Corinthians Resort and Club, Pune The Corinthians Resort and Club is one of the most lavish resorts near Pune with bar, providing opulent accommodation and several amenities such as a swimming pool, spa, and sports facilities. The resort features a chic bar that serves an assortment of exotic drinks. Fazlani Natures Nest, Lonavala Fazlani Natures Nest in Lonavala is a serene and tranquil resort that offers a holistic experience with its wellness programs and activities. The resort has a well-stocked bar, where you can unwind with your friends after a long day of activities. Residency Club Mulshi Residency Club Mulshi is a luxurious and exclusive resort situated amid the scenic beauty of the Sahyadri mountain range. The resort features a well-stocked bar where you can indulge in an array of cocktails, mocktails, and beers with your friends.

How to Plan the Best Bachelor Party Now that you know about the resorts near Pune with bar, here are some tips to aid you in planning the best bachelor party: Make a Guest List Initiate by drafting a guest list of all the individuals you want to invite to the bachelor party. Bear in mind that it's an exceptional occasion, and you want to ensure that everyone has a good time. Choose the Right Resort Opt for the right resort based on your budget, location preference, and the amenities offered. You should select a resort that features a good bar, so you can relish drinks with your comrades. Book in Advance Once you have zeroed in on the resort, make sure to book in advance to evade any last-minute troubles. Most resorts offer bachelor party packages that comprise accommodation, food, and activities. Plan Activities Outline activities that everyone will relish, such as outdoor sports, adventure activities, or spa treatments. You can also plan fun games and contests to keep everyone entertained. Hire a DJ No bachelor party is complete sans music. Hire a DJ or create a playlist of your favourite tunes to keep the party going.

A bachelor party is a special occasion that necessitates meticulous planning to ensure that everyone has a good time. With the right resorts near Pune with bar and the right planning, you can create unforgettable memories with your friends.

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Best Resorts Around Pune You Need To Visit During Your Trip

Pune is one of India's most vibrant and exciting cities, with something to offer every traveller. If you're looking for adventure, relaxation, or a mix of both, this city has plenty of options in terms of resorts. From luxurious, 5-star properties to secluded hideaways in the hills, Pune has an array of resorts that cater to all travellers.

This article has compiled a list of the best resorts around Pune that you must visit during your trip. Read on to discover some of the most beautiful and luxurious resorts that will make your stay in Pune an unforgettable experience.

Here are the best resorts around Pune you need to visit

Here we have listed some of the best resorts around Pune that you must visit, so let's move on to our list.

The Corinthians

Located on NIBM road, about 12 km from Pune, Corinthians is the best resort around Pune. It is a perfect spot for relaxation and enjoyment.

It offers spa treatments, yoga, indoor and outdoor games, and a variety of delicious multi-cuisine food. Despite its proximity to the city, the resort is surrounded by a tranquil environment.

Free from any pollution and noise. This makes it a perfect spot for locals and tourists looking to escape the hustle and bustle of city life.

Residency Lake Resort

Residency Lake Resort, an oasis of comfort and luxury, is located 40 km away from Pune, in the picturesque Mulshi region.

Recently refurbished, it offers amenities like a swimming pool, snooker, chess, volleyball, badminton, and barbeque.

Guests can indulge in delicious food and drinks at the Cliff Café and Dip Bar or unwind at the Revive Spa. The amenities of this resort making it an ideal choice for travelers seeking a luxurious stay.

Centurion Spring Hills Holiday Resort

Centurion Spring Hills Holiday Resort is the best resort around Pune. It is located on the Lavasa Link Road and is 25 km away from the city.

This resort features beautiful rooms and suites with a stunning view of the hills and lush lawns. It is an ideal spot for a peaceful and relaxing vacation.

The locals of Pune and nearby towns love the tranquil atmosphere of the resort and its picturesque surroundings.

Sentosa Resort

Sentosa Resort, situated near Ravet, is just 22 km from Pune. With its exciting water park, luxury suites and rooms, rich greenery, lawns, and multi-cuisine restaurants.

This place has become extremely popular amongst people of all ages. Families especially find this resort attractive since it provides an excellent opportunity to spend quality time together.

The water park is primarily a hit amongst the kids. Hence, Sentosa Resort has become the perfect destination for people looking for a fun-filled and relaxing getaway.

Ambrosia Resort

Ambrosia Resort, located 15km from Pune in Bavdhan, is the perfect getaway to visit during your trip. Its lush green surroundings, standard and luxury rooms, in-house café, cocktails, and cakes.

Pastries make it one of the best resorts around Pune. It is the ideal place to experience the beauty of nature and make wonderful memories.

Children can enjoy the activities, and adults can relax and unwind. Ambrosia Resort will make your next weekend's getaway a memorable one.

Rutugandh Resort

Rutugandh is the best Resort around Pune for a peaceful stay. Located 25 km from Pune, it offers a mesmerizing view of Khadakwasla lake.

The resort offers a lot, from deluxe suites and villas to splashy pools and children's playgrounds.

Plus, there are special packages for senior citizens. Indulge in the luxury and serenity of the resort and enjoy the pure air around.

Camp Temgarh Resort

Camp Temgarh is an ideal stopover for travellers on their way to Lavasa. It offers a variety of accommodation options, from cottages, tents, and suites to standard rooms.

It is located just 30 km from Pune. It is a picturesque setting, open river, and sports equipment make it the perfect destination for a memorable getaway.

Camp Temgarh is perfect for a peaceful, fun-filled stay. With its stunning scenery and adventure activities, Camp Temgarh will surely provide you with an unforgettable experience.

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How To Buy Property With Co-owner Advantage And Disadvantage?

Purchasing a home, which is a capital-intensive purchase, can be intimidating for an individual. In the previous decade, the market has seen changing patterns, with the average age of property buyers dropping to 25-35 years. One example is the shift of ownership. When looking for flats for sale in Pune, house buyers are increasingly selecting joint ownership over solo ownership because of the numerous benefits it provides.

The goal is to leave no stone unturned to make an informed and painless decision when you buy flats in Pune. 'Joint ownership,' according to industry experts, is one of the finest methods to get more advantages, especially if all of the owners are professional individuals who can take a financial risk.

Before we go into the numerous financial advantages of joint ownership when you buy flats in Pune, it's important to understand who a joint owner may be.

Who is eligible to be a co-owner?

There is no legal restriction on who can be a co-owner of a property. A property can be owned by anybody, including spouses, parents, offspring, and siblings. Furthermore, there are no restrictions on the co-partners freedom to work. Even if the financial obligation is handled only by one person, co-owners can be introduced to have access to the other numerous benefits when you buy flats in Pune are listed below.

Pros

Enhanced loan eligibility

Improved loan eligibility is a significant advantage of co-owning property. When an applicant applies for a house loan, banks look at the individual's net monthly take-home pay to determine how much money they could borrow. For example, if a person's net income is Rs 1 lakh, the bank may only be able to issue a loan with a monthly EMI of Rs 50,000.

If a larger loan is necessary, purchasers can apply for it jointly by naming themselves as co-owners while browsing for flats in Pune for sale. Banks are more likely to give a larger loan amount if the total monthly take-home pay is greater. Furthermore, if there are several candidates, lenders are more likely to favour the choice since the risk of bad debts is reduced.

Benefits from income taxes

Co-owners of the property can simply deduct both the principal and interest payments from their income taxes. Co-applicants can receive a benefit of at least Rs 1.5 lakh annually on the initial amount and up to Rs 2 lakh on the loan interest under Section 80C. Tax savings can be obtained by all co-applicants if they all contribute to the EMIs when they buy flats in Pune.

Flexibility in payment

Applying for a house loan as a partnership not only increases your loan eligibility but also makes the repayment process easier. Co-owners can decide how to deal with EMIs on their own. The borrowers have complete control over how much each application contributes to the repayment.

Disadvantages

Delays in documentation

Banks typically take longer to finish the paperwork process when a larger number of persons are involved in the home loan process. The procedure is performed twice or three times, depending on the number of candidates. As a result, be sure that all of the documents you submit are genuine. Any forgery discovered by the bank can lead to the loan application being rejected.

Effect on credit score

Because a shared house loan gives you the freedom to determine whether one or both owners will repay the loan, it's crucial to remember that if one of you defaults, your credit history will be damaged.Overall, the benefits of jointly owning a home surpass the drawbacks. As a result, you should think about sharing the property title. However, to ensure a seamless and hassle-free transaction, be aware of the risks. When co-applying to buy flats in Pune, it is generally suggested that you deal with recognised builders. Developers like Bramhacorp can make the home purchasing process much easier, and professionals are always available to assist clients in making educated decisions while shopping for flats in Pune for sale.

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Have the Destination Wedding of Your Dreams at Residency Lake Resort

Because marriage is more than simply a chance that exists only in your life, it also demands careful planning, which includes determining the location and date of the wedding. So, if you're seeking the greatest wedding venues in Pune, don't hesitate to speak with Residency Lake Resort, which provides the best wedding resort in the city.

If you have chosen this location for your wedding, you should be pleased to know that this wedding banquet can serve as a setting for the most awaited day of your life. Yes, this is the gorgeous place on the planet, and the Residency Lake Resort is the ideal location for your wedding. Moreover, to alleviate the burden associated with your wedding day planning, we have selected the greatest wedding venues in Pune, where you may host the most beautiful ceremony possible. As a result, if you are getting hitched at the end of the year, consider yourself quite fortunate to have chosen Pune as your wedding venue.

Residency Lake Resort and Spa for your dream wedding

Pre-wedding and wedding ceremonies can be held at Residency lake resort, a beautiful and serene hotel located in Pune. The resort is excellent for pre-wedding and wedding ceremonies. Beautifully situated in the heart of nature, the hotel offers a stunning background for your big day, which can be enhanced even further by the presence of your closest friends and family. It also contains all of the most up-to-date technologies and equipment. With outstanding services and knowledgeable staff to assist you with your wedding planning, Residency Resort will ensure that your event is a stress-free occasion.

Facilities and capacity are important considerations.

The hotel features a large lawn as well as a banquet hall that is well-lit and air-conditioned and can accommodate up to 200 people at a time, allowing you to welcome all of your special visitors. Electricity, a power backup system, and plenty of parking space are all provided for all of your guests at this location. You can also stay in one of the rooms on the premises. To ensure that every one of your wedding functions and related ceremonies is an absolute delight, the crew at this venue works hard to suit all of your wedding demands and requirements while also providing a large enough space for your wedding and pre-wedding rituals.

Services that are provided

Residency Lake resort Pune offers a wide range of services in its wedding catalogue, as well as the ability to customize services for any client, allowing you to create your customized package that meets your requirements and budget. Among these services are the following:

Arrangements for seating

Lighting and sound effects

Catering services are available.

Parking is available.

Other services include a music system.

Swimming pool

Fun activities for guests

The crew at Residency Lake Resort Mulshi will provide you with excellent service and an unforgettable event experience, ensuring that everyone will remember this special occasion for a long time. Other events such as family get-togethers, corporate events, birthday parties, anniversary celebrations, social functions, and community events can be held at their venue space in addition to weddings and engagement ceremonies. They also offer various other services to help you plan and execute your special day.

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What Makes Bramhacorp One Of The Top Builders In Pune?

Pune is, without a doubt, a beautiful setting. Many information technology companies have established offices in the neighborhood, which has a beautiful setting and first-rate amenities and services, making it a popular option for both families and businesses. Consequently, there has been a significant increase in the number of people looking for homes in this region.

For those considering property investment, the first thing that comes to mind is the builder's integrity and the overall quality of the final product (as opposed to the price). The most recognized brand in town is the ideal alternative for folks seeking to purchase a home or commercial properties in kalyani nagar pune.

With the Experts' Assistance, Make Profitable Real Estate Investments

BramhaCorp has earned a reputation as a trustworthy company in the real estate market over three decades in operation. The company is now engaged in constructing approximately 200 new projects in Kalyani nagar pune. If you are looking for a modern, profitable real estate investment that can be recovered fast, there are various reasons why you should select this organization.

BramhaCorp boulevard is a well-known real estate corporation, which makes it an excellent choice to refer to it as a benchmark brand. They are knowledgeable, but they also have a great deal of experience working in this establishment. Moreover, it already includes many of the city's most well-known and highly acclaimed businesses, such as Le Meridien, Residency Club, and F-Residences. This is an outstanding accomplishment. These projects are highly respected for their construction quality and architectural design, and they all rate among the best in Pune in terms of these criteria. If you want to invest your hard-earned money in the Pune real estate market, have a look at the projects offered by this company.

Get the Best Investment Deals with a Reputable Name

BramhaCorp offers investors the opportunity to purchase both residential and commercial properties. Apartments in Pune and retail businesses in Pune are among the many cutting-edge projects in the works. Please take a peek at their website and read through their portfolio to discover more about them and their work. Most importantly, BramhaCorp has a project in whichever location you're looking for, which means they'll be able to satisfy all of your requirements.

Pune's real estate industry is one of the most active and vibrant in the whole nation. Several investment opportunities are available to both end buyers and investors in the residential and commercial sectors. With BramhaCorp, you'll have access to a diverse choice of well-selected options, allowing you to make an informed decision at the most competitive price. They may have the property of your dreams waiting for you on their website, so be sure to look at their current and upcoming projects!.

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Looking for office spaces in Kalyani Nagar? We brings you BramhaCorp Business Park at New Kalyani Nagar, Pune.

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Commercial Projects in Pune

BramhaCorp brings you top commercial office spaces in Pune, along with shops and showrooms that will cater to any kind of business. To know more click here commercial projects in pune.

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Role Of CIBIL Score In Getting A Commercial Property Loan

The CIBIL score is a three-digit number that has a range from 300 to 900. It is assigned to everyone by the Credit Information Bureau (India) Limited.

The score is calculated based on the CIR of the individual and its full form is Credit Information Report.

Whenever you opt for a loan for commercial property for sale in Pune or residential property, the bank considers your CIBIL score as well.

A few parameters are considered to calculate the score, they are:

· Credit Utilization – 30%

· Repayment history – 35%

· Credit mix – 10%

· Total tenure of credits – 15%

· Number of credit enquires – 10%

If you have a CIBIL score of more than 750, then the banks or lenders prefer to sanction the loan amount.

If you don't have such a high CIBIL score, then you can take a loan against property from a bank. In this case, you mortgage your house or shop so if you are not able to pay back then the lender can liquidate his funds from the mortgage and they have less risk involved. In such cases, the banks/lenders sanction the loan amount even if your CIBIL score is below 750.

This applies to all kinds of loans whether it is for commercial property for sale in Pune or housing loans.

There are different kinds of loans you can apply to for your Commercial Property for sale in Pune, Some of them are:

· Term Loan

A simple loan is provided to the borrower for business purposes that needs to be returned in a specific time frame and has a fixed interest rate. The term of the loan is short; the repayment duration ranges from 1 year to 3 years. Term loans can be secured where the collateral is provided or unsecured.

· Bank Overdraft Facility

It refers to the ability to draw greater funds from the company's current account than it is available. The actual size of this facility and the interest rate is agreed upon beforehand. It is considered as a source of short term funding that can be repaid with the next deposit.

· Letter of credit

This is a document issued by a bank or financial institution assuring payment to seller-provided certain documents have been presented to the bank. This gives an assurance that payment will be made as long as services are performed like the dispatch of goods. This letter is like a guarantee to the seller they will pay as agreed. This system is often used in trade financing when goods are sold to foreign customers or the two parties don’t know each other well.

· SME Collateral Free loan

This is a business loan offered to SMEs and they are collateral free or without a third-party guarantee. In this case, the borrower doesn't need to show collateral to get the loan. It is available for SMEs; startups in their existent phases to serve working capital requirements, purchase of machines, support expansion plans. This is a good option for startups.

So, here we come to the end of our article about CIBIL score and the type of commercial loans you can opt for!

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What is Affordable Rental Housing Complex Scheme?

A great number of urban migrants live in slums, unauthorized colonies and informal settlements to save rental costs. They spend a lot of time going to their workplaces by walking or cycling to save on travel costs. Hence, to improve such people's productivity and offer them easy living, the Government of India has launched this scheme for better urban development.

There are many commercial office spaces in Pune that you can opt for as well for rent or sale purposes at affordable rates.

This scheme comes under Pradhan Mantri Awas Yojana and this scheme aims to provide affordably and planned housing to the urban poor close to their workspaces like the industrial sector and in the non – formal urban economy.

The people who can be counted in this scheme are the industrial construction workers, domestic help etc.

When was this scheme announced?

This scheme was announced in May 2020 as a part of a broader economic package that was approved by the Union Cabinet on 8th July 2020. The scheme was a big step towards the vision of “Atmanirbhar Bharat Abhiyan” and “Housing for all”.

Who are the target beneficiaries of the scheme?

Initially, the ARHC scheme targeted 3 lakh people that included the urban poor and migrants who came to the city looking for employment from small towns and villages. These include labour, street vendors, rickshaw pullers and other service providers, and a major part of the workforce employed in industrial, manufacturing, hospitality and health care sectors, along with those working in commercial establishments. Long term tourists, visitors, students, etc. would also get covered under the scheme.

Currently, the scheme aims to build 40 units and dormitories with basic amenities in it like water, sanitation, electricity etc for urban migrants, EWS  (economically weaker section) and LIG (low-income group)

Many government schemes let people rent or buy commercial office space in Pune at affordable rates to start their small businesses.

Implementation models of ARHC

The government would implement this scheme across industrial development authorities, notified planning areas, development authorities and other places notified by the State/UT government. All projects under ARHCs shall be exclusively utilized for rental housing for a minimum period of 25 years.

The project will be implemented in two models:

·        Model 1

Converting the existing government vacant houses that are funded by the government itself into ARHCs through PPP (public-private partnership) or public agencies.

·        Model 2

Construction, operation and maintenance of ARHC houses by public/private entities on their available empty land.

The government has launched various loan schemes for the urban poor for people who want to open their small businesses in commercial office space in Pune and other cities.

The benefits of ARHCs are providing the migrant workers and other weaker sections of the society with easy living that would certainly uplift their lifestyle.

So, these are a few things you need to know about the latest ARHC scheme, if it is not useful to you then do tell to someone who needs this!