How much to save and how much to wait?
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We are here to provide complete know-how of the ever-growing real estate market in Pune. Flats for sale in Pune at the upcoming project in Pimpri Chinchwad: Life Canvas, Mamurdi are worth investing. Let’s examine the various factors for this.
Low risk asset
There is inflation in almost everything around us: land, labour and materials. So, real estate projects in Pune have never seen a downturn. Inspite of the hitches due to the pandemic, property in Pune gives at least eight per cent return in long term.
Rising demand for 3BHK
There was a time when 3 BHK was purchased by multi-generation family. Since the onset of pandemic, extra space in the house has become imperative. Office, personal gym and most of all, increased amount of privacy is the need of the hour for every member of the family.
Maharashtra’s realty market is under the surveillance of RERA since early 2017. It ensures that all protocols are followed stringently. There is high level of transparency in transactions, benefiting the end user.
Thousands of professionals and students consistently flock to the city from across the country and even abroad. Thus, renter households are growing at a faster rate in Pune than owner households. Obviously, landlords have an upper hand to earn an income, which you get without working for – passive income.
So far in realty sector, rent has been way lower than the EMI. After all, purchasing a residential property in Pune is not what everyone can afford!
The new launch project in Pune: Life Canvas, Mamurdi, PCMC has come up with a unique proposition for 3 BHK flat. The equated monthly installment (EMI) is less than the rent. As mentioned in the earlier blog, Vignaharta group has priced a capacious 991 sq.ft. 3 BHK flat for around INR sixty lakhs. Roughly speaking, the EMI after possession sums up to INR twenty five thousand. However, the rent for this property in Pune in 2025 will be around INR thirty thousand. Thus, you save on more than 20% of the funds. This amount can be used for interior décor. If we try to fit this financial calculation of EMI in a regular flat for sale in Pune, the EMI figures out to be almost INR ten thousand more!
Now, you really need not think of “How much to save and how much to wait?”