Will it be a Cheer or Jeer for Indian Real Estate Market in 2014?

Looking at the unprecedented rise in prices one would imagine that all is hunky dory with real estate market in Pune and India. Well yes, even though the real estate sector seems to be a lucrative business and investment opportunity, currently, there are many factors influencing the market. How will 2014 augur for real estate in India? We take a look!

Slow and Steady

If not on a rampage, the sales have been steady. The good news though is that sales will not be stagnated. The increasing prices are a concern, though. That is being attributed to the sector being largely capital driven.

Profits, Viability Etc

According to a real estate portal, to get variable returns on investments for short-term profitability in 2014, expending on rentals, retail outlets and commercial avenues is the best option. Spending wisely and with discretion is the key to deal with real estate market in the future.

Determining Factors

Cautious spending and investment by buyers/investors is being voiced as a concern Pune real estate and in the overall market across the country. Likewise, Political uncertainty, liquidity issues and high interest rates are a few other factors which could have an impact on the market.

Pune Market

India’s real estate market till some time back was dominated by Mumbai Metropolitan Region and National Capital region. Soon enough it was saturated and markets like Pune and Bengaluru started being tapped by developers. There was a huge influx of funds in Bengaluru and Pune real estate. The cities witnessed about 20% price rise in 2012-13. That is even when their only factor driving real estate, IT sector, was sluggish.

Plus, the fact that Pune’s outskirts are developing rapidly, gives homebuyers a chance to own good quality suburban residences. So there is still hope, for those who are looking to buy apartments in Pune! Be on the lookout!

What Would you Root for? A resale or Brand New apartment in Pune?

When it comes to apartments in Pune, the argument – resale or brand new has been there since the time we have had the argument egg first or chicken! But chicken apart, homebuyers today face this dilemma, big time. But hey, both of them have their pros and cons! Here is more!
Pros of a Resale Apartment

• Save Money- Resale apartments in Pune are going to cost less than a swank new one, agree?
• Move in Immediately – Unlike a new apartment, you can move in immediately in a resale apartment in Pune.
• More space – The older residences are more spacious than their contemporary counterparts.
• Infrastructure – It is most likely that the neighbourhood of the resale apartment would be well developed regards to social infrastructure and will have great connectivity with other parts of the city.
• No delays & extra taxes – There is no delay or extra taxes like Vat while buying a resale apartment.

Pros of a New Apartment

• Low maintenance – Doesn’t need an Einstein to gauge this, eh? A new apartment won’t require as much as maintenance or repair as the resale apartment in Pune.
• Safety- New apartments are generally equipped with proper fire safety arrangements, unlike resale apartments in Pune.
• Eco Friendly Construction – New construction technology has the scope for involving eco friendly and green construction techniques. This would not be a selling point of a pre-owned flat in Pune.
• Personalize – When buying new apartment, you can choose flooring, design interiors and the likes.
• Warranty – In a new apartment, at least for some period of time, the developer/builder will take care of the repair work, if any.

We have for now, smartly kept away the cons! But if you are planning to buy a swank new apartments in Pune, then do not miss out checking out Kumar Prithvi. That’s a landmark residential project by Kumar Properties, offering 2 & 3 BHK apartments in Market Yard annexe. These apartments are complimented with ready lifestyle amenities and a convenient location. So after all this, what is it going to be?! We wait for the verdict!

Visit - http://www.kumarworld.com/apartments-pune/Kumar-Prithvi-Marketyard-Annexe/