You may think that buying your dream home in one of Pune’s latest integrated residential projects is beyond your capabilities. However, the fact is that it is easier than ever to get a home these days.
Most lending agencies and banks are now extremely liberal with providing home loans. In other words, even if you do not have a lot of actual cash to put down, you can still get the home of your dreams.
Many people think that buying a dream home is a tough process – that it calls for a large down payment. This is not always the case. Buying a home largely depends on your budget and also the location you choose.
If you consider the Pune properties for sale in the central parts of the city, you may certainly find them unaffordable. One look at the Pune property rates in 2010 will confirm that. However, if you consider buying a residential property in Pune’s adjoining PCMC, you get not only affordability but also a vastly superior deal.
Home loans for purchasing a dream home in one of these ultra-modern integrated residential projects are readily available. The down payment you make on this dream home purchase will go towards your overall purchase.
The more money you put down at the outset a home when you purchase, the lower your monthly payments (or EMIs – equated monthly instalments) will be.
If you don’t own a home right now, you probably live in a rental house or apartment. This is certainly an option, but you are still paying money towards your housing that you could instead be putting towards a home of your own.
These days, renting a Pune flat will cost you just about as much as payments towards a home loan for a property in PCMC’s Pradhikaran would – and this, of course, makes no sense at all.
Maybe you should consider converting your monthly rental payments towards a small Pune apartment into monthly instalments towards your own spacious dream home in the Pimpri Chinchwad Municipal Corporation.
There is no shortage of banks who will offer very easy terms and interest rates on a home loan. In fact, the high competitiveness on the Pune home loan market gives you an edge – you can choose a loan plan that’s best for you.
There are various routes you can take to get a home loan. Most Pune developers have tie-ups with leading banks to make the process as pain-free and convenient as possible for their customers. Real estate agents can also be used to obtain a home loan – they can also be very useful when it comes to getting a great deal on the home, at prices that are right for you.
As long as you plan your budget and take things a step at a time, you’ll be closer than you think to actually owning the home of your dreams. You have the possibility of owning a fully-facilitated home at Pradhikaran, an area blessed with natural beauty and superior infrastructure.
It is time to reflect on just how much sense it makes to continue paying rent towards a far smaller home in a congested area of Pune.
Anil Pharande is President of CREDAI PCMC and Chairman of Pharande Spaces, a leading construction and development firm that develops township properties in the PCMC area of Pune, India.
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