For purchasing a residential property in Pune or anywhere else in India, you require a huge amount of investment. People go through several ifs and buts when they decide to buy a home. One such dilemma is whether it is safe to purchase or invest in a residential property.
Planning to invest in residential property in Pune but confronting doubts or uncertainties regarding this investment? No worries! Let’s find out why it is safe to invest in a property at a location like Pune.
Clubhouse having gym and basketball in front | 46Banyantree
Affordability at a 9-Year High in Residential Plots in Pune
The Gera Pune Residential Realty Report Jan 21 mentions that the latest reduction in interest rates has led to increased affordability for homes. As per the latest trends, home affordability is the highest in the last 9 years at 3.68x annual income, making this the best time to buy gated community plots in Hinjewadi.
Low-Interest Rates on Home Loans
A surge has been seen in increased affordability due to a reduction in interest rates and flexible policies of the loan providers. Instant approval, customized deals, pre-payments without any extra charge, smooth processing, and better after-sales services are encouraging many homeowners to invest in residential property in Pune.
Expected Appreciation in Property Value
The report also suggests that the surge in property prices will continue and will gain further momentum. Due to the decline in new project launches, the unsold inventory has plunged to a seven-year low, leading to an appreciation in property value. This is one of the major reasons why people should invest in residential property in Pune.
Pune City Has Enormous Potential to Fetch Rental Income
Pune has emerged as the preferred choice of MNCs for setting up their business. Consequentially, numerous employment opportunities have been generated. People approaching the city are always on the hunt for rental accommodation.
Also, as per the Ease of Living Index 2020, the Ministry Of Housing & Urban Affairs has announced that Pune has emerged as the second most liveable city in India. Hence, investing in residential property in Pune will fetch your rental income. You can even settle the EMIs of the property with its rental income.
The Bottom Line
Nearly most of the investment options are subject to market risks. But you can rest assured that plot investment in Pune is safe owing to the reasons mentioned above.