Kharadi, nestled in the eastern corridor of Pune, is one of the most sought-after residential destinations because of a myriad of reasons. No mark for guessing that the booming IT sector in this area is one of the most significant reasons for the ever growing demand for flats in Kharadi. Such is the demand that not just a new residential property in Kharadi Pune, but resale flats in Kharadi are in extreme demand as well. Other factors than IT that have played an important role in the transformation of Kharadi are - its strategic location, robust infrastructure, and the vibrant lifestyle Kharadi and areas near Kharadi offer. In this comprehensive guide, we will explore the various factors you must consider while buying a resale flat and unravel the intricacies of navigating the resale market in Kharadi. In short, this blog will offer you valuable insights you might find helpful before finalizing a residential property in Kharadi Pune.
Before we delve into the details of real estate market dynamics, let’s first look at the basic definition of resale market. The resale market refers to the buying and selling of properties that have previously been owned, offering buyers an opportunity to acquire homes with existing structures and amenities. In Kharadi, the resale market is characterized by a diverse range of properties, including apartments, villas, and penthouses, catering to varying budgetary constraints and lifestyle preferences.
Before you choose your resale property from the flats in Kharadi, there are an array of factors you must consider. Let's take a brief look at these factors that are crucial to consider before arriving at the final decision,
A residential property in Kharadi Pune with a strategic location and great connectivity will be your best bet
Before you finalize your resale property in Kharadi, it is recommended to evaluate the advantages its location offers. These advantages could include factors such as proximity to key landmarks, transportation networks, educational institutions, healthcare facilities, and commercial centers. Opt for a residential property in Kharadi Pune with excellent connectivity to Pune’s prime locations and easy access to essential amenities that will enhance your quality of life.
Property Condition and Age Matters When Choosing a Residential Property in Kharadi Pune
Conduct a thorough inspection of the flats in Kharadi you are planning to buy. You must carefully and thoroughly inspect the resale flat to assess its structural integrity, condition of fixtures and fittings, and overall maintenance. Consider the age of the property and any potential renovation or refurbishment requirements, considering the associated costs and timelines.
Hire A Legal Aid To Sort Out The Legal Factors Associated With Buying Resale Flats In Kharadi
Performing legal diligence is of paramount importance before you finalise your resale property in Kharadi Pune. You will have to hire a legal aid to verify the property's ownership status, title deeds, land records, and clearance certificates. Seek assistance from legal experts or real estate professionals to mitigate any potential risks or legal encumbrances associated with the resale flat in Kharadi. This will ensure your home buying process is hassle-free and you won’t have to worry about anything in the near future.
Evaluate The Price Of Your Resale Flat In Kharadi And Don’t Hesitate To Negotiate
Research comparable properties in the vicinity to ascertain the fair market value of the resale flat in Kharadi. Exercise prudence during price negotiations, leveraging factors such as property condition, market trends, and prevailing interest rates to secure a favourable deal that aligns with your budget and investment objectives.
Property Amenities and Facilities
Assess the property amenities and facilities offered within the resale flat complex, including parking spaces, security features, recreational areas, and maintenance services. Opt for properties that provide value-added amenities that are conducive to modern living standards and enhance your overall lifestyle experience.
Reputation of the Seller and Builder
Investigate the reputation and track record of both the seller and the builder associated with the resale flat. First, you must ensure that the resale flat you have finalised is not sold to multiple people. Seek recommendations from trusted sources, review online testimonials, and scrutinise past projects to gauge the credibility, reliability, and customer satisfaction levels of the parties involved.
Finalise a Favourable Loan with a Reputed Home Finance Company
Compare loan terms offered by various lending institutions before you sign your loan agreement. Also, be aware of the documents required from sellers and collect them beforehand so that your loan approval is quick. Applying for a housing loan also ensures that the resale flat you are planning to buy is free of any legal hassle as the bank performs an array of checks on the property before disbursing your loan amount.
Be Aware of the Documentation Required Before Buying a Resale Flat in Kharadi
Here’s the list of documents you will need -
First purchase agreement copy
Conveyance deed copy.
Completion certificate
Society share certificate and Society registration certificate.
Loan outstanding letter and list of documents (LOD) from the bank. ( if any )
A recent Light bill copy
Gram Panchayat/ Municipal Corporation tax bill
Possession letter
Parking allotment letter (if separately given).
Aadhar - (address should not be same if taking a loan for purchase of prop.)
and PAN Card copies of all parties.
Loan outstanding letter,( if any )
Passport Photo.
RERA Certificate.
NOC from Scty(if formed)/ builder.
Loan closure letter (if any)
Consideration value -
No dues certificate from the bank.
Commencement certificate.
Property details with land description and 4- sides of the property.
If the seller is a Co. - then it’s board resolution copy/registered POA
TDS - paid certificate by buyer (if the property is above 50L)
Completion certificate
NA order
Sanctioned plan blueprint copy
Occupancy certificate
All previous chain documents/ Agreements of purchase
Society registration certificate
Share the certificate in the name of the borrower
If you are looking for flats in Kharadi that offer you the best of everything, you must go for new flats in Kharadi. Go for a residential property in Kharadi Pune by a renowned developer such as Kohinoor Group Pune.
comments