As Diwali 2024 approaches, it’s the perfect time to consider transitioning from renting to owning a home in Kharadi, Pune’s booming IT hub. With special festive offers, increasing property values, and the financial benefits of homeownership, this blog explores why now is the ideal moment to invest in Kharadi’s flourishing real estate market. Diwali, known as the festival of lights, is a festival to rejoice, rejuvenate, and take crucial steps. For few, it also focuses on how to make future investments. Kharadi, a well-developed suburb of Pune, is now becoming a preferred location for real estate construction, attracting people looking for homes. With the Diwali 2024 celebration nearing, many are mulling over the idea of moving from renting to buying properties in Kharadi. Here is why it could be the best time to make that leap.
1. Kharadi: The IT Hub of Pune.
The rapid upsurge of Kharadi can be attributed to the availability of information technology Kharadi is home to several IT parks, including the EON IT Park and the World Trade Center, which attract people from rest of the country. With high-quality office space in place, it was only a matter of time that the housing projects also commensurately increased. Due to job opportunities, transportation, and modern amenities, Kharadi is a very favorable place for a property owner.
Owning property in Kharadi is more like participating in the development of the area, which is always on the positive growth trend and makes it easy and safer to live in the area with an assurance of prosperity in the future.
2. Fixed Expenditure: Home Rental Vs. Home Ownership
Renting is quite flexible; however, owning a house provides better financial benefits in the long run. It is easy to view monthly rent payments as a sunk cost with few redeemable benefits; in contrast, paying a mortgage allows one to buy into an appreciating asset. Considering that there has been a sustained and upward moving real estate market in Kharadi, it is prudent to consider buying an apartment. Home loans’ interest has reached an all-time low; in addition, there are several banks and developers who have come up with enticing offers, thanks to the Diwali season, which is ideal for buying.
3. Diwali Offers and Benefits Offered for Real Estate
When it comes to the property market in cities like Pune, particularly in the Kharadi areas, eminent developers tend to provide a number of discounted property prices, waive off stamp duty, and even offer options for staggered payments. Most buyers postpone closing the deals for houses and apartments until the right season because Diwali has countless advantages that are not present for the rest of the year.
In case you are considering purchasing an apartment, the upcoming Diwali 2024 would be the best time to find projects with investment plans that offer extreme value addition.
4. Ensuring peace of mind and permanence.
One may enjoy the benefit of renting; on the other hand, this option does not provide the security and attachment that comes with owning a house. For a homeowner, design, furnish, and even remodel the house to one’s tastes. There is more to it than just money; possessing a flat provides a mental comfort and a concrete sense of stability.
For Kharadi, homeownership means being in a family-oriented environment with good schools, hospitals, shopping places, and recreational areas that enhance the well-being of the family.
5. Increase in the worth of real estate
Kharadi has witnessed an unprecedented development in the last ten years, and property rates have soared. This can be irritating for the landlord as there are chances of rent increases. The flip side is that a house at this point in time could appreciate in value considerably in the future because of the growing real estate population in this region. Investing in a flat also gives an opportunity to make a passive income by leasing out the house.
With the impending Diwali celebrations in 2024, it is a perfect time to shift from renting to buying an apartment in Kharadi for sound financial security. With attractive offers, a fast-growing property market, and the warmth of owning a personal space, this is the right time to purchase a property in this busy part of Pune.
Most of the families decide to fill up this festive season with the joy of owning a home and take decisions that would benefit the family in the long run.
