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

Summary

The 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.