Know These Location - Present & Future🔥 Possession इस तरह कभी मत लो🐦‍🔥 #realestate #saudaghar #pune

SaudaGhar Sawal Jawab | सवाल जवाब

30 Aug 202416:47

Summary

TLDRThe video script discusses the real estate scenario in Pune, India, focusing on the Punawale area's future, connectivity, and increasing rates. It addresses the legality of occupancy certificates and the impact of infrastructure like roads and the upcoming metro line on property values. The script also covers the challenges of traffic and water logging, emphasizing the importance of due diligence before purchasing property. It provides insights into the benefits of buying in developing areas with good connectivity and potential for appreciation.

Takeaways

🏢 The future of Pune's real estate is promising due to increasing rates and development along the highway.
🚦 Connectivity is crucial for property value, with properties near highways experiencing higher rates of appreciation.
🌳 Properties near wide roads or those that can be extended to include extra FSI (Floor Space Index) loads can be more valuable.
🛣️ The presence of a dump or undesirable facilities nearby can negatively impact property rates, but resolving such issues can lead to a rebound in the market.
🏘️ Large-sized apartments launched in Pune have attracted interest, indicating a healthy demand that is pushing up rates.
🚗 Traffic and road conditions are significant challenges in certain areas of Pune, especially during peak hours and monsoon season.
💼 For those not requiring daily travel, areas with less traffic and more open space, like Bhukum, can be a good choice.
🌿 The environment around Bhukum is relatively better with less density, more greenery, and better views.
🏡 Plots near wide roads can leverage extra FSI, but the actual increase in construction potential depends on various factors including zoning and regulations.
⚖️ Legal compliance is essential when purchasing property; ensure you receive the Occupation Certificate (OC) before taking possession.
🏙️ For long-term investment, areas like Pune, which are part of the PCMC (Pimpri Chinchwad Municipal Corporation), offer good potential for capital appreciation.

Q & A

What is the future of the Punawale area and how will it be connected?
-The future of Punawale seems promising as it is connected to the Mumbai-Bengaluru highway and as the rate of Hinjewadi increases, people who cannot afford it might shift to Punawale, thus increasing its demand and rate.
What are the challenges faced by Punawale area?
-The challenges include narrow roads, water logging, and traffic issues, especially during peak hours and rain, which can cause significant traffic jams.
Is it legal to take possession of a property without an OC (Occupancy Certificate)?
-No, it is illegal to take possession of a property without an OC. It's important to ensure you have the OC before moving into a property as it ensures the building has been constructed according to regulations.
What is the impact of connectivity on property rates in Punawale?
-Connectivity plays a significant role in increasing property rates. As Punawale is connected to the highway, it has become more accessible, leading to an increase in demand and rates.
What are the infrastructure developments proposed for improving connectivity in Punawale?
-There are proposals for a metro line extension from Ravet to Chadani Chowk, which would significantly improve connectivity and make travel easier for residents.
What is the current traffic situation in Punawale?
-The traffic situation is challenging due to narrow underpasses and poor traffic management, especially during peak hours and rain, leading to significant jams.
What are the implications of taking a property on 'soft possession' without an OC?
-Taking a property on soft possession without an OC can lead to complications. If the OC is delayed or not received, it could lead to legal issues and potential compensation claims.
How does the presence of a wide road affect the FSI (Floor Space Index) of a plot?
-A wide road in front of a plot does not necessarily increase the FSI. The basic FSI is fixed, but a wide road might allow for extra FSI load, for which one must pay a premium.
What is the significance of the Marunje area in terms of property development?
-Marunje is significant as it is near the proposed metro line extension and has several ongoing construction projects, indicating potential for appreciation and rental yields.
What are the potential issues with property development near a wide road?
-Developing near a wide road might require additional permissions and payments for extra FSI load. Also, construction might be limited due to side margins required by regulations.
What advice is given to those considering purchasing property in areas like Punawale or Marunje?
-It is advised to thoroughly understand and survey the property before purchase. Ensure that the property is legally compliant, especially regarding OC, and consider factors like connectivity, infrastructure, and potential appreciation.

Outlines

00:00

🏡 Real Estate Investment and Connectivity Issues

The speaker begins by addressing concerns about the legality of taking positions in real estate without occupancy certificates (OCs). They discuss the increasing rates of properties in Punawale due to its connectivity to major highways and the shift of interest from Wakad to Punawale because of affordability. The impact of infrastructure and road connectivity on property rates is highlighted, as well as the challenges posed by narrow roads, traffic congestion, and water logging. The speaker also mentions the potential for property appreciation in Punawale due to future infrastructure developments and the existing demand for properties in PCMC areas.

05:00

🚦 Traffic Management and Infrastructure Development

This paragraph delves into the traffic situation in Punawale, attributing the worsening conditions to poor management after VIP visits and the public's reliance on untrustworthy information. The speaker suggests that improving road infrastructure, such as constructing a metro line from Ravet to Chadani Chowk, would significantly benefit connectivity. They also discuss the importance of obtaining proper clearances and not relying on soft positions or CC (completion certificate) instead of OC. The speaker advises waiting for OC before taking positions and emphasizes the potential for growth in property rates in Punawale and nearby areas due to consistent demand and development.

10:02

🌳 Living in Bhukum and its Connectivity

The speaker evaluates the Bhukum location, discussing its proximity to Chadani Chowk and the challenges of living there, such as the distance to the highway and the lack of basic facilities. They mention the benefits of the area, including less density, more greenery, and better views. The appreciation of property in Bhukum is expected due to the presence of a lake and ongoing construction activities. However, the speaker warns of the difficulties in exiting such properties due to the area's remoteness and the presence of large land parcels, suggesting that potential investors should consider their long-term plans before investing.

15:05

🏠 FSI and Construction Advice for a Plot Near Marunji

The speaker provides advice on the utilization of floor space index (FSI) for a plot near Marunji village. They explain the basic FSI ratios and how additional FSI can be loaded with proper planning and permissions. The importance of considering side margins and following architectural advice for optimal construction is emphasized. The speaker suggests constructing up to ground plus one floor due to the plot's size and location, and advises against盲目 purchasing property without proper understanding and survey. They recommend seeking professional help if needed and remind viewers to like, share, subscribe, and turn on notifications for more informative content.

Mindmap

Keywords

💡FSI

FSI stands for Floor Space Index, a crucial term in urban planning and development. It is a ratio of the total floor area of a building to the area of the land on which it is constructed. In the context of the video, FSI is discussed in relation to property development, where higher FSI can potentially allow for more construction, thus increasing the value of the property. The script mentions different FSI ratios like 1:5 or 1.4, indicating the base FSI one can expect on a plot of land.

💡OSI

OSI refers to Open Space Index, a measure of the amount of open, undeveloped space in a particular area. It is an important consideration for residential areas as it impacts the quality of life, providing green spaces and recreational areas. The video mentions that a location with a good OSI would have less density, more greenery, and better views, which are desirable features for potential property buyers.

💡Occupancy Certificate

An Occupancy Certificate is a document issued by the local authority confirming that a building is fit for居住 and complies with all building codes and regulations. The video emphasizes the importance of obtaining an Occupancy Certificate before taking possession of a property, as it ensures the building is legally and safely habitable. The script warns against taking possession without an Occupancy Certificate as it can lead to illegal occupation and potential issues.

💡Affordability

Affordability in the context of the video refers to the ability of potential homebuyers to purchase properties within their financial means. The discussion revolves around how property rates in certain locations, like Wakad, have increased, making it unaffordable for some, and how they might shift their preference to more affordable areas like Pune.

💡Infrastructure

Infrastructure in the video pertains to the basic physical and organizational structures needed for the operation of a society or enterprise, such as roads, bridges, and public services. The script discusses the importance of robust infrastructure for property value appreciation and mentions the challenges of poor road conditions and water logging that impact the desirability of a location.

💡Metro Connectivity

Metro Connectivity refers to the integration of a location with a city's metro transit system. The video suggests that areas with metro connectivity or potential future metro connectivity are more desirable and have better prospects for appreciation. It mentions how a proposed metro line could connect various parts of the city, enhancing accessibility and value.

💡Water Logging

Water Logging is the accumulation of water on the ground, often causing flooding. The video mentions water logging as a significant issue during the monsoon season, which can disrupt traffic and make certain areas less attractive for property investment due to the inconvenience it causes.

💡Traffic Congestion

Traffic Congestion refers to the condition of a road network when traffic demand exceeds its capacity. The script discusses how traffic congestion is a major issue in certain areas, particularly around narrow underpasses, and how it can impact property value by making the location less accessible and less desirable.

💡Appreciation

Appreciation in real estate refers to the increase in the value of a property over time. The video discusses how factors such as connectivity, infrastructure, and the presence of amenities can contribute to property appreciation. It uses Wakad as an example of a location that has seen increased rates and thus potential for appreciation.

💡Rental Yield

Rental Yield is the income generated by a property as a percentage of its purchase price. The video mentions that while a location might offer good rental yields, it could also be challenging to exit the property due to factors such as distance from the main highway and the availability of land parcels for new developments.

💡Layout Plan

A Layout Plan in the context of the video refers to the design and arrangement of a property or a development project. It includes details such as the placement of buildings, roads, and open spaces. The script suggests that understanding the layout plan is essential for property buyers to make informed decisions about construction and future development potential.

Highlights

Discussion on the legality of taking possession without an OC (Occupancy Certificate).

Explaining the impact of connectivity on property rates in Pune.

The future of property rates in Punawale and the reasons behind the rate increase.

Challenges faced due to the narrow underpass and traffic situation in Punawale.

The effect of road width and connectivity on the value of plots.

The importance of obtaining an OC before taking possession of a property.

The role of infrastructure in attracting people to invest in real estate.

The potential of the Bhukum location for those who do not travel much.

The benefits of having a property near the highway and the impact on travel.

The appreciation of properties in areas under PCMC (Pimpri Chinchwad Municipal Corporation) jurisdiction.

The impact of rain and water logging on traffic and the real estate market.

The importance of considering the FSI (Floor Space Index) when constructing on a plot.

The potential increase in property value due to upcoming metro lines and infrastructure development.

The significance of proper research and survey before purchasing a property.

The benefits of living in a less dense area with more greenery.

The potential for higher rental yields in areas with less traffic and more open space.

The advice against purchasing property without proper knowledge or consultation.

The suggestion to consult with architects and PMC (Pimpri Chinchwad Municipal Corporation) for FSI utilization.

The importance of understanding the local regulations and the process of regularization in real estate.