Baner- A potential zone for housing and property buying

Pune has been, not surprisingly, the city with huge demands for residential spaces due to some of the most prominent IT Hubs, international educational institutions, high class infrastructure and various medical institutions. These have contributed to a great extent towards the life that we live in Pune at present. The fast moving days and the magical city nights are all part and parcel of life in a metro. However, for the builders and developers, exploring a location for housing and real estate projects construction is not easy. Builders have to monitor the price trends in that location, the investment required for the project, the local neighborhood of the site and many more such things.

Considering the Baner location of the city, the region emerged at a time when the residential prices in the central Pune were on a new high and the potential buyers and investors were hunting right properties for investment and the end use.  Post the IT developments in the city, new dimensions of real estate emerged in Hinjewadi area and later it spread to the Aundh region. However, the Aundh region could answer to the emerging demand for homes in that region only to a certain extent. Baner arose as a propitious location that could take control of the demand for housing for the established IT parks in Hinjewadi and also the overflowing demand for homes across Pune central.

Since then Baner has witnessed historical appreciation of 20-25% in property prices in the past few years. However, similar to other cities, Pune too faced the making of record of unsold properties including the new launches in the last year. With the reduced new projects in Pune to around 30% between Oct 20014 to Mar 2015, Pune’s real estate market seems to be passive at present. However, the availability of affordable properties, good negotiable range in pricing, IT hubs are all attracting buyers which have managed to keep the real estate market intact despite the slowdowns in the recent times.

Buying a property in Pune in locations like Baner can still get the buyers good residential properties in the coming time as many new launches are expected to hit the real estate market soon. One of the builders and developers is Naiknavare Developers Pvt. Ltd. Stay tune for more updates about the same. 

Hunting high & low for properties in Baner?

Baner, one of the most preferred locations in Pune for housing and home buying.

Do you Agree?

Well! We do. Here is why you too might agree.

 Baner, as a location happens to be close to Hinjewadi area as well the Pune central region. It turns out to be the ideal location that people who are working in the IT Park in Hinjewadi look for while buying a home. Ideal location because of having office just a half an hour drive away and the frequent ply of buses and other transportation facilities.  Pune central region also located in close vicinity ensures casual hangouts in evening during free time with family and friends for some quality time.

With the advent of more real estate projects in the Baner location, it is grabbing attention of more and more investors and potential home buyers. The real estate market of Pune shall soon approach saturation, while locations like Baner are already flooded with many of the new residential as well as commercial projects and ventures by the top builders & developers of the city, the location still remains people’s favorite for a home and has the potential to still provide quality homes for home buyers.

Are you too hunting high & low for properties in Baner?

Well! As we mentioned in our previous posts as well, you can grab yourself a new property from the diverse range of residential projects that are at the ongoing stage or you may look forward to the attractive upcoming projects that many builders such as Naiknavare Developers Pvt. Ltd. which are planning to launch new ventures in the location. Thanks to the Real Estate Bill.

So, without further ado, you can get all set to buy a new home and have the keys to your dream home in time. 

Amendments in Real Estate Bill to benefit home buyers

Are you aware of the amendments proposed in the Real Estate Bill?

What is exactly the Real Estate bill?

For your knowledge, the Real Estate Bill is a bill that was proposed to bring in more transparency in the transactions taking place in the real estate industry. The features of the bill speak of having a regulatory authority to take control and monitor the development of projects, the details set out  by the builder and developers, the pricing of the projects, etc.

The Real Estate bill that was applicable to only the residential real estate is now made applicable for both, the residential and the commercial real estate. This will enable complete procurement of information and details about the real estate projects in both, the residential and the commercial real estate.

With the amendments proposed in the real estate bill, the home buyers can look forward to take possession of the new flats/properties on time. With the acceptance by the housing ministry of the parliamentary panel’s recommendation on the real estate bill that bars the developers to extend or rather divert more than 50% of the amount received from the buyers towards other new projects.

Initially, according to the original bill, the state governments were allowed to lower the limit while now, post approval of the amendments, the ministry has agreed to the panel’s recommendation to empower the state government to make strict provisions and raise the 50% threshold but not lower it.

So, if you have already invested or bought a flat in a location like Baner (this region is expected to give the home buyers variety of options of properties to choose from in coming time) and have not yet got the possession of the flat, then this bill will help you get your property on time.

For those of  you who are searching for fabulous residential properties in Baner with a fine-tooth comb, this bill will ensure you get your home keys in hand on time without any delays as been happening over the years.