Home buying Steps that you must never miss while buying a property

Considering the fact that buying property is a long process and takes months to finalize a property, we share some of the steps that you must take while buying a property. As we have discussed few steps in the previous post, we shall now know the remaining steps that you must never miss while buying a property:

3. Better Understanding of your payment plan: Depending upon the builder and the type of property you are buying, you must know the payment plans you would be opting for. Typical plans are of 3 types:

a) Construction linked: You pay based on the progress of the construction of the property. This can be safest because you pay for progress and need to spend money along with the level of completion of the construction process.

b) Time linked: You pay according to a set timetable, whether the construction is under process or on the verge of completion.

c) Down payment: You pay for the property up front, but then are exposed to the risk of delays and whether the property will get completed at all or not.

4. Applying for a loan approval: If you need to apply for a loan for property purchase, then it is advisable to simultaneously start the application process with potential lenders, along with the above steps. This can help you know more about the loan that you can apply for and the terms of getting the loan. You can also get a pre-approval for a loan in case you have not selected a property as yet, but want to save time later when you have zeroed in on a property.

5. Allotment letter: This is allotted by the builder once you book a flat in an under construction property. This allotment letter includes the details (like flat number, area, price) of the flat that has been allotted to you, the payment details, any extra charges levied to you amenities such as car parking, club membership, and maintenance charges to be levied at the time of possession and occupancy.

6. Sale agreement: This agreement is made once you agree to all the terms and conditions of the sale with the seller in case you are buying a pre-existing property.

7. Possession and Registration: The final step in the buying process is the possession of the property being transferred to you and your responsibility to get it registered in your name. At the time of registration you will also have to pay a stamp duty which is a government tax levied on property transactions.

Home Buying steps for a Wise Purchase

In India, for the majority of the people Home buying is a long process that is an overwhelming experience, both financially and emotionally. In order to make this process of buying property in Pune easier, we share few home buying steps to help you get your desired property in an easier way.

1. Identifying the right location & property: The first step is to narrow down a location or set of areas that you are interested in buying a property in a particular city. Having a checklist to monitor the properties that you see, whether you like or dislike, in certain areas/neighborhood will be helpful. Evaluating the properties you see on the basis of your needs in terms of property specifications & features like the layout, number of bedrooms, size of the kitchen etc. can be done with the help of the checklist. Also, if you are planning to opt for a home loan, then finding out if there is any home loan scheme available from the financial institutions and also about the credibility and authenticity of the builder is also important.

2. Legal due diligence on the property: There are two types of properties you can buy, ready possession property, or a newly constructed property. In either case, you must be sure that the seller owns the property and has legal documents of the property to sell the property to you, and that later on confusions regarding ownership rights can be avoided. For example:

a) Pre-existing property: When you buy a pre-existing property, you need to firstly do the transaction with the seller, agree on the terms and conditions, verify documents, and finally get loan approval if you need a loan.

b) Under-construction property: When buying a property that is under construction you must confirm that the development is legal and that sanction plans have been approved. Otherwise, you might be risking your hard earned money on something that is illegal.

Having discussed about the initial steps to begin with while you plan to buy a property in Pune, it is important to consider the fact that buying a property is not an easy task and takes a lot of well planned steps in order to have a smooth transaction and taking ownership of the property. We shall discuss the remaining steps too, but in our upcoming post. So, till then explore some of the ongoing residential projects in Pune. 

What is your dream luxury?

Prathamesh Gallardo - Pune

We all dream of many things that we desire to have in life and, luxury living forms the major part of it! All we imagine is a life where we wake up to watch the sun rise from a wide window of our room with all the luxuries in life and no worries to bother us!

Well, you can now wake up to own one such luxury home at Prathamesh Gallardo, a unique upcoming project by Prathamesh Constructions. With just a glimpse you will realize that this is your true dream luxury paradise that you had always desired!

The project is a high end residential development which is tailor made for you to provide you with best of luxurious living experience in life! A professionally designed architecture with 2 BHK & 3 BHK Homes/flats and  4 BHK Duplexes are a perfect alternative that compliment the lavish lifestyle of yours! Located in the elite area of Vidyasagar Colony at Salisbury Park, Pune, the project reflects all the luxuries you can avail in an opulent home. 

An entrance that will woo you to an extent that there would be no looking back!

The beautifully conceptualized homes with a never-before luxurious living experience are exquisitely crafted for the ones who are in search of the perfect space to call it as their home!

A home that will mesmerize you with its charm and comfort every time you step inside!

A home that will keep you attached to its beauty and charisma and not let you go away from it!

The high grade specifications combined with a meticulous design approach, Prathamesh Gallardo, is an optimal blend of design, luxury, comfort and functionality!

Read More: - 

• Upcoming projects in Talegaon, Pune
• Home? Why Pune?

Upcoming projects in Talegaon, Pune

Talegaon is a place with historical importance. It is a town with a municipal council in Mawal Taluka, Pune district in the state of Maharashtra. Talegaon, being just 120km away from Mumbai and only 35km from Pune, is one of the preferred locations for people who are looking for a property in and around Pune. The town is situated on highest altitude between the two metro cities (Mumbai and Pune) which is at 2200feet above sea level. Talegaon is higher in altitude than the famous nearby hill station Lonavala (2047 ft.), thus has pleasant weather throughout the year.

The property in Talegaon has been in high demand as it is growing in the real estate industry at a faster pace as compared to other locations near Pune. The real estate professionals or the builders and developers in Pune have been showing lots of interest in this town as it has a lot of potential to attract buyers from all parts of the country who dream of owning a property in and around hill stations. The location of Talegaon is perfect for people who want to have a home surrounded with trees and natural beauty. The pleasant weather throughout the year is one of the main reasons why Talegaon is the right choice for a peaceful home.

Prathamesh Constructions is one of the most trusted real estate company which has been coming up with new projects with amazing specifications for a higher standard of living for people who want to have luxurious homes at affordable prices in a city like Pune which is famous for its high standard of living. The company has planned an upcoming project named UTKARSHA ENCLAVE which offers 3 BHK flats. These flats will have specifications that will match the international standards of living, giving its residents a perfect living space with exuberant experience. People who are looking forward to buying a property in and around Pune must explore this project to know the other features and specifications of the same to have a better understanding of the quality projects prathamesh Constructions is coming up with.

Prathamesh Constructions are strong believers in business ethics that bring a sustained prosperity in the lives of the people wanting a perfect home for them. For the past 34 years, Prathamesh Constructions has held this philosophy in their minds and heart and never allowed their value system to dilute, hampering the quality of work provided by them.

Read More : -

• Home? Why Pune?
• Real estate in Mumbai and Pune

Home? Why Pune?

Real Estate Developers - Pune

Pune is one place where you find people enjoying their morning tea in their balconies and feeling the fresh air early morning in their homes. A place where home and nature are just adjacent to each other, you not only get to enjoy a calm, peaceful ambience with fresh surroundings but also all the comfort and amenities within your arm’s reach. The City is often referred to as the cultural city of Maharashtra, hence entertainment is always at its hilt whenever you want to relax and enjoy.

Don’t you want to be at a place where you can work patiently in day time and enjoy the night exploring the nightlife of the city? Speaking of Pune, it not only has amazing day life but also nightlife. The city has really well constructed townships and societies designed immaculately keeping in mind the high standard of living of people in the city.

If you are willing to relocate or looking for a nice flat to move in to, then Pune is the best place to move to! You would surely be interested in knowing the very reason for having called the city as the best place. Well! The reason being some of the best townships in the city wich include constructions by various builders and developers. The city has rooms for all! Be it a 1 BHK for student crowd, 2 BHK for working professionals or 3 BHK for families or even 4 BHK & 5 BHKs.

Pune is the city which is one among the IT hubs of India with an IT Park located in Hinjewadi area. This has not only lead to generation of more and more job opportunities but also migration of working professionals in huge number. The city also has a rich heritage with many temples being one among the most visited places in the city. Kasaba Ganapati is considered as the presiding deity of the city of Pune. The custom is to seek the blessings of this deity before all auspicious, religious and social ceremonies. This is just one example. With a long history beginning with the Old Stone Age the city has witnessed various events of regional and national importance. With a small habitation on the banks of river Mutha, it has grown into a huge metropolis with a population of at least 5,049,968 (according to the 2011 census report).

Real estate in Mumbai and Pune

Cities like Pune and Mumbai are some of the most popular places where we think of tourism, education, career opportunities, information technology and what not. You name it and the cities have it, from the tall rising buildings, educational institutions to commendable architecture. Pune, called as the cultural city of Maharashtra, is not only the hub for education but is also host of many IT companies and MNCs. The city is flooded with migrants from people across the country and other countries.

Callisto - Prathamesh Constructions

Speaking of real estate sector, these cities have amazing societies and residential complexes along with immaculately designed buildings for company offices. Prathamesh Constructions is amongst the pioneers in the field of construction and hold a learning experience of 34 years. The company is into the business of building trust and providing dream homes as well as work spaces and not just architectural structures. According to Prathamesh Constructions quality, timely possession and client satisfaction form the core values for building trust among the customers for the company. Prathamesh Constructions is a trusted name with some of the most prestigious projects, both, residential and commercial, added to their credit in Mumbai and Pune.

Samruddhi - Prathamesh Constructions

 With experience of as long as 34 years in real estate, the construction company has gained trust over time and efforts. If you are thinking of buying a property for residential purpose or to setup an office for your business then you must keep in mind that you buying a home happen once in a lifetime where you put in your hard earned money of your entire life.

Prathamesh Constructions stresses upon usage of quality material for constructions. People who are looking for quality living with smart space for abode, CALLISTO is the project. This project is an exclusive creation which is symbolic of style and class, located in the premium are of Deccan-JM road. It is a joint venture of three of Pune’s finest names in construction- Prathamesh constructions, Shree Ram Builders and Nirman. The project offers the buyers with 2, 3 & 5 BHK apartments which surely will leave you stunned. Residents can enjoy being at home with world class amenities and also finely designed lavishing interiors.

Better Life, Better Homes, and a New Hope from the Prathamesh Construction in India

Every person wants a home where he can live comfortably, some place where they can relax without having to worry about their security. Prathamesh Constructions started this business with a dream of an ideal place for their family. Three decades later, the philosophy of providing ideal homes transcended into their more than 8o projects. They are committed to serve their clients so that they can enjoy homes that are located near the center of business trade to spend quality time with their family.

Prathamesh Rajshilp - Pune

There is no doubt that Prathamesh Construction uplifts the spirit of their clients as they deliver homes that are of high standard. A great customer experience can be expected when your property is build by this company. They are continuously developing designer buildings that will somehow change the panoramic view of India. Good business practice adapted by this construction company had earned them good reputation in their completed and existing projects.

India is known for its deeply rooted spiritual life. Those who wanted to enjoy the tranquility of living with the temple can now enjoy their new home. They can now enjoy decent homes and high end residential units with the Prathamesh Gallardo. This is the new project of the Prathamesh Construction where they have midrise building prepared for th0ose who do not want to live in congested high rise residential units. The residential development project consists of a 6 storey building. Living in this place would be a dream come true. You will surely enjoy the site of the designs they offer that is so unique among their other projects. Luxury and comfort with homes designed for functionality can make living more comfortable.

The Prathamesh Construction prioritizes the strength of the materials they use to build the homes. You can be assured that your home will be withstand the time. While the Real Estate in India is booming, the construction of the midrise building like this is quite impressive as it is intricately designed to suit the residents of Prathamesh Gallardo. The project is located in Pune just near the Jain Temple Salisbury Park.

The Prathamesh Construction Company is dedicated in bringing new hope to family. As the development of the key cities of India continues, the company prepares for better homes. While there are office expansions being established in India, their dedication to provide suitable homes for different preferences continues. As India becomes a potential place to market their products, there are more jobs being generated in the city. This would bring a great hope for the people. Their new found home will inspire them to become better in their line of job. Getting a permanent place would mean a great way to live life. This is what Prathamesh Construction dreamt of providing better life for their clients.