The Puranik Group brings you affordable 1BHK apartments in Pune

Given the paucity of space, time and money, the youth today prefers buying studio and 1BHK apartments. The trend has been observed in big cities like Mumbai and Delhi and emerging metropolises like Pune and Bangalore are also witnessing this trend. The low maintenance status coupled with the upmarket lifestyle offered in these properties is what is attracting more people to them.

The Puranik Group is one of the most prominent property developers in Western India. The group has been operating since 1968 and has developed several commercial and residential properties along with IT parks. The company has a land bank of more than 300 acres and is involved in developing several residential properties in Dombivli, Mulund, Neral, Pune, Thane, Kalyan and Nashik. The group has been instrumental in delivering 4000 families their dream homes through their various projects.

The group is developing a project which has a slew of 1BHK apartments on offer in Bavdhan, Pune. Nestled in the lap of nature, residents can soak in the mesmerising views of Pune’s greenery and rolling hills. Not only does the property offer 1BHK flats, but, also 2BHK and 3BHK ones to choose from. Home owners can enjoy amenities such as designer landscaped gardens, vineyards, central plaza and canals which would make you feel no less adventurous.  Residents shall enjoy an uninterrupted supply of water and power. Located only a few minutes away from the Pune-Mumbai Expressway, it is in the vicinity of other micro markets and IT zones like Kothrud (10 minutes), Baner (8 minutes) and Hinjewadi (10 minutes). Amenities such as colleges, hospitals and schools are a short drive away.

Builders all over have vouched that the demand for 1BHK properties have been steady and they have been the most dynamic in the residential property segment. Even during the global meltdown, these properties continued to sell. To buy a 1BHK apartment, a buyer has to shell out Rs 33 lakhs approximately at Puraniks’ Abitante. The apartment shall be around 400 sq. ft. in terms of space. For couples and singles, this is the best configuration as it does not need any maintenance almost. Moreover, home owners can make up the rooms the way they want to, without thinking of how to fill up blank spaces. Developers have been marketing these properties strategically so that buyers are more inclined towards them. Indeed, the sales of 1BHK properties have been steadily rising because of the way they are marketed.

With our changing culture, youngsters keeping full time jobs cannot give much time to housekeeping or housekeepers. In a 1BHK apartment, there is hardly much to do after coming back from work. The setting is perfect for a couple as well. As your family expands, you can always move to a bigger apartment and put this up for rent. Students, single professionals and newly married couples would snap up the apartment within a flash. If you are looking for 1BHK apartments for investment, then the Puraniks Abitante will be a great idea for its strategic position, amenities and concept. 

Government approves of regularisation of residential colonies in Delhi

The major announcement of Union Cabinet passing the ordinance to regularise 895 unauthorised colonies that have come till June 1, 2014, has given a sigh of relief for about 60 lakh people of Delhi. As per the media reports a separate cabinet note is in the process to restrict the use of Rule81 of the Land Acquisition Act and for the regularisation of the colonies. According to the norms in the rule, agricultural land cannot be used for any construction purpose. 

This regularisation will be benefited in a lot of aspects, such as more planned colonies will come up with proper electricity, water and drainage facilities. The removal of this restriction will be a boon for the developers as well, as it will be a clear way for them to construct more properties that can be available through loans.

Though this regularisation will increase the property rate, but still there will be rise in more potential buyers also, due to the loan facility and comparatively less amount to shell out to buy homes for them. At the same time, buyers will take interest in buying these properties for the same reason of loan and the best pricing of the property. As a result the banks will get benefit in terms of more customers to avail of home loans. Lastly, the regularisation will enable the residents to get their properties registered and avail benefits associated with the registration.

However, there is no doubt that the news of regularisation of several unauthorised colonies in Delhi has brought in great hope altogether and will remove major and some basic road blocks. For instance, if someone of middle class income group wants to buy a house in South Delhi, with the help of the loan within a limited budget of Rs 30-40 Lakhs. It is impossible for him to buy one in places like GK or Green Park, Lajpat Nagar or even Malviya Nagar. It's impossible for him or her to even think about it. But on the other side South Delhi also has places like Chattarpur, Mehrauli or even Khanpur which are centrally located and the best part the property rates are not that high. But these areas are unauthorised and loans are not available, hence the person is stuck. 

Hence, this regularisation (which is in line) will be the best gift of this year for those who wants to buy their dream home within a limited budget.