They say a better tomorrow starts with a good plan made today.

We believe this saying holds especially true when it comes to home-buying. Because, looking for a home that meets only your present needs is a short-sighted plan. Ensuring extra room for your future needs is a wiser decision as it will only increase your comfort and convenience. How, you wonder? We have provided 4 instances below which prove how the extra room can make all the difference.

  • Parents’ Room:
  • Suppose you are a family of three and looking for a 3 BHK. You and your spouse plan to occupy the master bedroom, give one bedroom to your child and use the third bedroom as a storage room or servant’s room. What happens when your parents or in-laws visit you? You will have to compromise and make space in either your child’s room or the store/servant’s room. Which won’t make for a welcoming experience for your parents/in-laws. Having an extra room will make their stay much more comfortable without any compromises for you.

  • Guest Room:
  • Let’s say your child has won a gold medal in the National Abacus Championship and you throw a party to celebrate the achievement. If the party goes on until late, and one of your guests stays far from your home, you would obviously want your guest to stay for the night, wouldn’t you? In this scenario, a separate guest room will make them feel more comfortable and you wouldn’t have to compromise your privacy.

  • Servant’s / Cook’s Room:
  • Having a resident servant or cook is a growing trend in urban India. It makes home maintenance or cooking much more convenient. If you provide a personal room for your servant/cook, they will live more comfortably, which would reflect in their service as well.

  • Separate Rooms For Grown-up Kids:
  • When your children are under 10, you can still manage to give them a shared room. But as they grow up, they will need their personal space just like you. An extra room becomes an advantage in this case. Also, if you have one child now, and plan to have one more in the future, a 4 BHK will give you all the space you need.

As it is evident, an extra room can make a big impact in the way you live. So give it a thought and plan for your new home wisely.

If you would like to check out such a property, you can explore Puneville. It is a smartly planned project which offers 4 BHK luxury flats in Punawale.



Explore L-axis here

Real estate is one of the key drivers of the Indian economy, contributing 6-8% of India’s Gross Domestic Product (GDP) as well as generating employment and is thus a priority sector for the government to rejuvenate the sluggish economy.

In the budget presented by finance minister Nirmala Sitharaman on 1st Feb, 2020 she proposed that


  • Rs 100 lac crore would be invested on infrastructure over the next 5 years across various sectors.

  • In order to minimize hardship in real estate transaction and provide relief to the sector, it has been proposed that the limit for taxing income from capital gains will be increased from 5% to 10%.

  • The deductions on affordable housing will be allowed on housing loans sanctioned on or before 31st March, 2020.

2019 was year of ups and downs for the real estate sector. The NBFC crisis resulted in a cash crunch as well as slow sales. On the up side, the successful launch of India’s first Real Estate Investment Trust (REIT) opened new avenues for investments. Housing sales saw 4-5 % growth whereas new launches saw an encouraging 18-20% annual growth. Setting up of a 25000 crore fund by the government to revive stalled projects along with GST rate cut and changes to credit guarantee scheme is expected to boost the sector, especially the affordable housing sector. In this backdrop, here are some Real Estate Trends & Forecasts for 2020.

  • Greater concentration of demand in Tier 1 & 2 cities:
  • There should be a rising demand for quality housing in not just metros such as Mumbai, Bangalore, Delhi-Gurgaon and Chennai but also in Tier 1 and 2 cities such as Pune, Hyderabad, Chandigarh, Ahmedabad etc. The main reason is the employment opportunities through IT companies and other sectors as well. These cities have become hubs for real estate investment as the ROI is attractive. In particular, the luxury and mid segment housing is driving realty growth in these towns. Demand for housing in big markets will continue to grow faster than builders can supply which will eventually push up prices and rentals.

  • More demand for renting:
  • In addition to growing demand for residential property purchases in top tier cities and towns in India, the rental properties are also expected to show a rise in demand. This can be attributed to working professionals migrating and relocating for improved job prospects and better standard of living. Also escalating home prices mean that it may be difficult for many buyers to purchase outright, thus preferring to take a house on rent. Delhi, Mumbai, Bangalore, Pune and Hyderabad will have a steady demand for both buying as well as rental properties. Also, having a second property in these cities, which is not being used by the owner, means an additional source of income for the owner.

  • Affordable housing, GST & RERA impact:
  • Implementation of RERA in 2016 and GST in 2017 was a game changer for the real estate industry. Although the industry struggled initially coping with the new rules and regulations, RERA has made the home buying process transparent for the buyers with timely completion of projects, transparency and accountability.

    Granting of infrastructure status to compact, affordable housing projects saw a rise in demand for low cost homes. Granting tax exemption of Rs 1.5 Lakhs to buyers on home loans under affordable housing was a great incentive for pushing housing demand.

    Although the real estate sector initially struggled with GST, the impact later has been mostly on the positive side with ease of business bringing in increase in infrastructure developments and other real-estate projects. These 3 factors are further expected to have an encouraging impact on the real estate sector in 2020.

  • Focus will be on Consumer requirements:
  • One of the direct outcomes of the slowdown in sales units and cash crunch in the market in the last few years is that the builders are concentrating more on actual customer requirements. The new sales strategies are aimed at offering the customer necessary but attractive home buying options (integrated townships, affordable, budget homes, comfort homes, senior homes, kid-centric homes etc.) and amenities combined with a more professional outlook.

    Although a lot of work needs to be done, these trends forecast an optimistic outlook for the real estate industry in 2020-21. Land will always be a scarce commodity and thus with less supply and more demand, we’ll see property prices appreciating in the coming year. All round, 2020 has the potential to deliver good results for not only the residential but also commercial real estate businesses.


A real estate developer in Pune that is closely aligned with their customer requirements is Pharande Spaces. One of leading builders in Pimpri Chinchwad and Pune, Pharande Developers have created landmark projects across prime location in the city, earning the honor of being one of the most dynamic construction companies in PCMC & Pune.



Explore L-axis here

A home loan commonly serves as an essential component of property purchase, and you can avail of many benefits against a home loan and successfully facilitate the buying process. However, your home loan eligibility is dependent on a number of factors. These parameters play an important role in getting you the home loan that is best suited to your needs and preferences.


Here are the 5 important deciding factors for a home loan:


1. Income of the applicant:
The first and foremost criterion that influences your home loan eligibility is your monthly income. Typically, lenders consider 40-50 per cent of your monthly income as the amount that you can pay towards your home loan EMI. In case you are a self-employed professional, the lenders will look at your gross receipts before ascertaining the home loan amount.


2. Credit score and existing loans:
Your credit score is an important indictor of your ability to repay loans and it is based on your credit history. If there are any existing loans that you are currently repaying, then lenders will look at how they impact your credit score and your ability to repay this home loan.


3. Age and earning potential:
Home loans are typically sanctioned for a tenure of 15-20 years, so lenders will want to make sure that you have about those many years left in service to be able to repay the loan. The default retirement age for salaried professionals is 60, whereas for self-employed professionals it is taken to be 65.


4. Availability of co-borrowers:
You can apply for a home loan of a higher amount if you can bring on board a co-borrower with a good credit score and earning potential. The lender will factor in the total income of all the co-borrowers in order to assess your eligibility. Keep in mind that a co-borrower could be anyone you trust-it need not necessarily be a joint owner of the property.


5. Tenure of the loan:
The longer the tenure of the loan that you apply for, the higher your eligibility will be. Therefore, it’s advisable to apply for a longer home loan tenure and prepay it partially or fully, as and when you have surplus funds. This can help shorten the tenure of your loan, while offering you greater flexibility and boosting your eligibility.

Looking to invest in ongoing projects in PCMC, Pune? Explore the wide range of offerings by Pharande Spaces, the leading real estate construction company in Pimpri-Chinchwad, Pune.

When you’re choosing from apartments and independent houses, apartments are naturally the less expensive alternative. So how do you know whether to invest in a flat or an independent home? These advantages and disadvantages will help you make the better choice.


ApartmentIndependent Home
AmenitiesSecurity, parking spaces, power back-up, water systems and fire safety mechanism provided and managed by the developer for the first 2-3 years.Extra cost for setting up amenities, facilities and services.
Bank LoanLoan approval is easier and faster with a list of sanctioned projects.It’s harder to get a bank loan sanctioned for an independent home. Banks provide a loan of only 60-70% of the total plot value.
Under-Construction PropertyRising costs and poor sales can affect the developer’s revenues, causing construction delays.The construction time period can be decided by you if you’re developing the independent plot.
MaintenanceThe maintenance and cleanliness in an apartment society is taken care of with the pooled resources of the Residents Welfare Association (RWA).The cost of maintenance and repairs in an independent home has to be borne by you.
Profitability2BHK and 3BHK apartments are high in demand, and finding a tenant, renting or selling is easier.The saleability of an independent home is harder, unless you plan for redevelopment.

Now that you’ve had a look at the pros and cons in the buying, possession and after-sales process, it’s important to research before settling on either property. However, keep in mind that whenever you’re buying any property, location is key. An appreciating location offers better returns on your investment.


If you’re looking to invest in an apartment, you can take a look at the projects by Pharande Spaces, which dominate the PCMC area in Pune and are well-connected to IT hubs and prime city landmarks. Out of the projects, L-Axis is a well-developed property of 2BHK luxury flats on Spine Road, Pune for sale.



Explore L-Axis here

For most home buyers in India, monsoon time is a break off in their process of house hunting. However, rains also happen to be the perfect time to scout for a good deal. The season offers homebuyers a worthwhile opinion into their prospective purchase. Here’s how:


1. Monsoon special offers:

Monsoon is a time when real estate sales go down due to the weather and people also consider the time inauspicious to make a purchase. To boost the sales, buyers are willing to offer attractive ‘monsoon discounts’. It is not only the discounted property rates that present the buyers with many perks, but also many banks offer lower interest rates on home loans.


2. Quality inspection:

During monsoons, a few torrential downpours determine the overall construction quality through outflows, water logs, neighbourhood traffic jams etc. While developers are less challenged to shield their construction flaws, this is the perfect time for the buyer to make a right decision. This will even give you quality insights into the kind of resale value these properties might fetch.


3. Location check:

Monsoon reveals the condition of any location, thus making it easier for the buyer to evaluate better about the location. In a city like Pune, rains are the time when traffic is at its worst due to issues like waterlogging and poor roads. Therefore, the buyer gets a better picture of connectivity and commute to necessary infrastructures.


There are a few essentials you must consider if you’re planning to buy your home during monsoons. Also ensure that you’re considering a renowned real estate developer while purchasing a property. If you are looking for one such credible real estate builder in Pune’s PCMC area, you should consider visiting Pharande Spaces this monsoon. Their Woodsville project offers magnificent 2, 2.5 & 3 BHK homes in PCMC area at competitive prices.

If you want to know more about the project, take a look. : https://pharandespaces.com/residential-projects/woodsville/

The Real Estate Regulatory Act (RERA), arguably the biggest reform in the real estate sector, is a game changer for both buyers and developers. The act is transforming the look of real estate industry by bringing more regulation in the market.


RERA passed by the parliament seeks to protect the interests of home buyers and boost investment in the real estate sector. RERA aims to create a fair mode of transaction between the sellers and buyers of properties.


RERA protects the buyers from unethical trade practices. The act makes it obligatory for each state to form its regulator and frame rules for the regulator to function. With such positive reforms in the picture, the formation of RERA is a boon for the home buyers.


RERA protects the buyers from unethical trade practices. The act makes it obligatory for each state to form its regulator and frame rules for the regulator to function. With such positive reforms in the picture, the formation of RERA is a boon for the home buyers.


  • RERA act is binding to register before the launch for all commercial and residential projects which are above 500 sq. metres.
  • To stop the developers from making investments from booking amounts, they have to now park 70% of their funds in one dedicated bank account through cheques.
  • Prices must be quoted by the developers based on carpet area and not the super-built up area
  • The home buyer can call the developer anytime within one year after taking possession for after- sales services, damage repairs or compensation for any inadequacies.
  • Any developer found violating the order of appellate tribunal of RERA could face a jail term of up to three years and a fine
  • The developers must also keep a clean record and the right credentials to continue their business practices.


The implementation of RERA is surely bringing in positive changes to both the industry and home buyers. With the passage of time, a significant boost in sales and foreign developments will occur.


Meanwhile, if you are looking for a home, this is the perfect time. Presenting Woodsville by Pharande Spaces near ICC, Moshi – a development of 3 BHK flats. The magnificent life at Woodsville offers you much beyond expectations, making it the perfect home you always longed for.



Explore Woodsville here

Implemented in the year 2017, the Goods and Services Tax (GST) has had a reasonable impact on the real estate sector in India. From taxation processes and home loans disbursals to rental rates, every aspect of real estate transactions has been affected by GST. However, the GST concessions announced last year have come as a relief to both developers and homebuyers in the sector.


Here’s how the GST slash has impacted the Indian real estate sector:


1. Affordable housing no longer attracts GST:

Last year, the Finance Ministry of the government issued a directive to real estate developers stating that no GST is to be recovered in the case of purchases made under the affordable housing scheme. The Ministry has directed the real estate builders to adjust the GST amount against the input credit, both of which are currently applicable at the rate of about 8%. For homebuyers on a budget, this has been a very lucrative concession.


2. Slashed GST for ready-to-occupy properties:

In addition to the aforementioned GST concession, the Finance Ministry also announced slashed GST rates for ready-to-occupy properties. The rate for such properties has been brought down to 8 per cent (from 12 per cent previously). On the other hand, properties under construction are still being taxed at 12 per cent. This concession has helped address the problem of unsold inventory in the market.


3. Slashed GST for purchases under CLSS:

The GST Council has also extended the tax concession to houses that have been constructed or acquired under the CLSS (Credit-Linked Subsidy Scheme) for the economically weaker section (EWS), the lower-income group, the middle-income group-I (MIG-I) and the middle-income group-II (MIG-II). These slashed GST rates are also applicable to flats or apartments of carpet area up to 60-square metre. This has been another encouraging announcement for homebuyers in the affordable housing segment.


Looking to invest in a new home? Explore 3 BHK apartments in Moshi, Pune, at Woodsville by Pharande Spaces.

Investing in a new home can be a long and arduous process, especially since it is important to proceed with caution when it comes to identifying the perfect property. If you’re looking to find a home that is suited to your needs and requirements in a quick and efficient manner, then


Here are 7 ways to shorten the home buying process:


1. Start with the right location:

Choosing a strategic location that enables you to enjoy an enriched lifestyle is the first step towards streamlining the home buying process. Pick a locality that allows for easy access to your workplace, schools, hospitals, shopping malls, multiplexes and marketplaces. The civic amenities, such as the condition of the roads and the supply of power and water, should also be good.


2. Make a list of your requirements:

Start with a clear list of all your requirements in terms of location, layout, size, storage and amenities. This will help you filter out a lot of homes that don’t meet your requirements.


3. Review the property online:

Make use of property portals to look up images, specifications and reviews of the accommodation and/or residential complex that you are considering.


4. Opt for a professional home inspection service:

A professional home inspection service helps you save a lot of time by bringing to your notice any defects in the property or loopholes in the arrangement that you may otherwise miss.


5. Improve your credit score:

Make sure that your credit score is fairly high before you apply for a home loan. The timely payment of bills and clearing off any debts will allow for the home loan to be approved much faster.


6. Apply for a pre-approved home loan:

A pre-approved home loan can help accelerate your home buying process. Based on your credit report, the bank or lending company sends you a virtual confirmation of the loan. After this, you have a stipulated time period within which you need to finalize your purchase.


7. Use legal aid or consult a financial advisor:

A lawyer or financial advisor is the best professional to go to when you’re looking for real estate investment advice. This professional will also ensure that your paperwork is in order, thereby helping you expedite the purchase.


Looking for the perfect home in Pune? Pharande Spaces Puneville presents 2 and 3 BHK flats in Punawale for sale. Discover your dream home at Pharande Puneville.

Who doesn’t want a good return on their investment? After all, ROI shows how effectively and efficiently your money is used to generate great profits. Pune has been on the radar for investors for quite some time now. The mind-boggling surge of IT companies has increased demand for residential spaces of all ticket prices – budget, luxury, and ultra-luxury. As a potential investor, however, it’s imperative that you know exactly which areas fare better in terms of ROI than the rest.
So, here’s the absolute selection of Pune’s micro-markets that ensure an impressive ROI to make your investment every bit fruitful:


PCMC

PCMC was, indeed, a cost-effective option to invest back in 2016, but it has become so much more since then. Micro-markets like Moshi, Ravet, Pradhikaran, Pimple Saudagar, and Wakad have transformed into viable residential options, with numerous budget and luxury projects in the pipeline. Moreover, with a fleet of commercial spaces and the massive Rajiv Gandhi Infotech Park, PCMC has everything it takes to be a self-sustaining locale – thriving infrastructure, great connectivity, and work-life balance.

Takeaway: PCMC localities such as Wakad and Hinjewadi have witnessed a steady appreciation of 12-18 per cent in property rates.


Kharadi

Cutting-edge offices, lavish residential spaces, and excellent connectivity make Kharadi an investment haven. Situated on the eastern corridor of Pune, Kharadi boasts of some of the best projects in the city, which make it the investors’ utopia. Unlike established neighbourhoods like Koregaon Park and Kalyani Nagar, Kharadi also provides a monetary relief in its rates.

Takeaway: Kharadi witnessed an appreciation of 20-30% per cent in property rates in the last four years.


Baner

If there is one micro-market that has seen a meteoric rise in the past decade, it’s Baner. Previously known as Baner Gaon, this location today features some of the biggest and most luxurious projects, commercial avenues, incredible infrastructure, and an all-rounded lifestyle unlike any other location in the city of Pune. Simply put, Baner is one of the biggest reasons why Pune’s property market boomed the way it has.

Takeaway: Baner witnessed a steady appreciation of 15-20 per cent in property rates the last one year alone.


Undri

Wish to keep your investment well within city limits, without breaking the bank? Undri is the place to be! Apart from being a focal point of a fleet of commercial and residential ventures, Undri is also covered in undulating greens. What sets it apart, however, is its proximity to Pune’s camp area. Undri is well-connected by various local and interstate highways, along with the recently widened Katraj-Kondhwa-Phursungi-Solapur highway, Undri enjoys an excellent green cover that’s protected by Government regulations.

Takeaway: Undri witnessed a price hike of 26 per cent in the last one year alone.


Wagholi

Talk about Pune’s north-eastern corridor and one name flashes brighter than any other – Wagholi. Having experienced considerable development in the past five years, Wagholi boasts of some excellent residential projects, owing to its proximity to commercial IT hotspots such as Magarpatta City, EON IT Park, and Giga Space. With the influx of more and more commercial businesses in the area, the prices are only likely to increase, thereby, assuring you a great ROI.

Takeaway: Wagholi has witnessed a steady appreciation of 15-20 per cent in property rates.


Looking to make an investment that promises an excellent ROI? Look no further than L-Axis, Pharande Spaces’ flagship project. Featuring state-of-the-art apartments on Spine Road, Pune for sale, L-Axis is packed with an array of contemporary features that complement your lifestyle.

How many times have you caught yourself wondering what it is that sets a luxurious home apart from an ordinary one? It is, after all, everybody’s dream to own a luxury home that will meet all their expectations. The answer to your question is very simple – the features the home offers.

The amenities and features a luxury home offer are what sets it apart from other development.


Here are 5 must-have amenities for every luxury home:


Location, location, location:

A truly luxurious home is also influenced by where it is located. Make sure that for your home to qualify as luxury homes, it should have easy to access to prime locations of the city.

Privacy:

Despite being located in the heart of the city, your luxury home should offer the exquisite experience of space and privacy. In this day and age of urban living, privacy is the real luxury. Even if the project you choose is big, sometimes privacy can be a concern. The right design and a minimum number of shared walls ensure you get the most privacy.


Technology:

It goes without saying that a luxurious home must be equipped with high-end, state-of-the-art and best-in-class amenities and technology that make everyday living a truly comfortable and enjoyable experience.


Furnishing:

The floor plan and even small details like fittings and fixtures from the bathroom and the kitchen to the bedroom and the living spaces should be exquisite in a luxury property. Spruce up your interiors with excellent furnishing that match the beauty of your home.


Lifestyle:

A luxury home must be complemented by a host of luxurious lifestyle amenities like a swimming pool, exclusive play areas for your children and other fitness amenities. Before investing in a so-called luxury home, ensure the home has all the said amenities.


Are you looking for the ultimate luxury home that offers you the best amenities in the best part of town? Presenting L-Axis – 2, 2.5 and 3 BHK residential flats in Spine Road Pune. It is one of the most sought-after new projects in Spine Road Pune.