Double the festive bash with a right property buy

With the festive season all set to begin, enticing are eagerly waiting to be sealed. The festival of lights is considered very auspicious to get into any financial engagement and what can be more advantageous than a good home deal. So, this is one time when both builders and buyers are equally excited. Developers in Pune are no exception; they are leaving no stone unturned to attract buyers. The range of free bees is extremely appealing, starting from free holidays for early buyers to gold coins; they are ready to offer anything to compete. Pune is also attracting many NRI buyers.

However, one should keep some points in mind before buying a property in Pune

Legal procedure

It is always advisable to know these things about the property you are going to invest. Iis important for any builder to get these legalities done

Get an encumbrance certificate
Get verified as a builde
NOC and Tax certificates

Knowledge about the RBI guidelines for transfer of acquisition and the Immovable property

This is particularly important for the NRIs as the Reserve Bank of India has formulated some guidelines for transfer of acquisition and Transfer of the Immovable properties. Theses primarily include


Foreign national  Person of Indian Origin (PIO)

Should be a Non Resident Indian
What will be the mode of payment
There should be provision for foreign embassies
A repatriation of the residential and commercial properties

Where can an NRI buy property-

NRIS have a plethora of options to buy properties in India but they should ideally invest in established city like Pune. Pune has an excellent ROI and it is developing further. 

The major interests of the NRI customers are in residential projects and hence the residential property rates in Pune are in vertical mode.

Some key areas to buy

Some key areas where you can focus buying apartments are as follows

Hinje wadi IT park-The most bountiful and rich place in Pune, Hinjewadi is the best place Though ifrom the city but facilities are fast growing here.

Karadi- Karabi has transformed itself into the most happening place in Pune .The place is well connected with all the major parts of the city and comes under SEZ. Apartments here will surely attract young professionals.

Hope this information will enrich many of our NRI home buyers.