The Pros and Cons of Buying a Flat in Kharadi: What You Should Know
If you are looking for flats in Kharadi, you must be aware that the location offers you an array of benefits that will not only offer you a convenient lifestyle, but you will get to enjoy great returns on your investment as well. But like any other real estate decision, investing in flats in Kharadi comes with its own set of pros and cons. Having said that, we must agree that Kharadi has a negligible amount of cons as compared to the pros it offers you. Here’s what you should know before making the big decision.
Pros of Buying a 2 BHK or a 3 BHK Flat in Kharadi
1. You get to enjoy excellent connectivity
One advantage flats in Kharadi take immense pride, is the quick connectivity they offer to Pune’s prime destinations. Kharadi enjoys strategic location with excellent connectivity to key areas like Koregaon Park, Viman Nagar, Kalyani Nagar, and Hadapsar. It is also just a short drive from Pune International Airport, which makes flats in Kharadi such an alluring option for home-buyers and investors alike. In addition, the Pune-Ahmednagar Highway and the upcoming metro line are set to improve connectivity even further.
2. Thriving IT hub
Kharadi is home to major IT parks like EON IT Park and World Trade Center Pune, which house multinational companies and tech giants. This has led to an influx of working professionals, increasing the demand for residential properties in the area. Buying a flat in Kharadi not only ensures proximity to work but also presents an opportunity for property value appreciation in the long run, thanks to the consistent demand for housing.
3. Well-developed social infrastructure
Kharadi offers you a convenient lifestyle by placing you in proximity to daily conveniences and leisure spots. Flats in Kharadi keep you close to an array of shopping malls like Phoenix Marketcity and Seasons Mall, supermarkets, healthcare centres, restaurants, and entertainment options. In addition, reputed schools are also located nearby, which adds to the convenience of your children and offers them a bright future.
4. The privilege to choose
Kharadi has a wide variety of residential projects catering to different budgets. Whether you’re looking for a premium 3 BHK or a 2 BHK flat in Kharadi or a luxurious penthouse, Kharadi offers something for every kind of homebuyer. Many new projects come equipped with modern amenities like swimming pools, clubhouses, landscaped gardens, and gyms, providing residents with a premium living experience.
Cons of Investing in Flats in Kharadi
Well, there are only two cons of investing in flats in Kharadi –
Rising Property Prices
As Kharadi continues to develop and attract more homebuyers, property prices have seen significant growth. While this is great for investors, it can make buying a flat in Kharadi more expensive compared to a few years ago. For those on a tighter budget, purchasing a home in Kharadi may require a more significant financial investment than in other emerging areas of Pune.
High Demand for Rentals
The presence of numerous IT companies has resulted in high demand for rental properties in Kharadi, which can be a double-edged sword. On the one hand, this is beneficial for investors who are looking to rent out their properties, but for homebuyers who are looking to settle in the area, finding the right flat can be competitive due to the high demand from renters.
But even these 2 cons could turn out to be fruitful for you, if you look at the positive side of them. Rising property prices also indicate the high returns you can expect in the future, and demand for rentals ensures steady rental income for years to come.
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If you wish to invest in flats in Kharadi, you must take a look at Zen Elite – a development of 2 & 3 BHK flat in Kharadi, renowned for its Zen Way of Life and 50 lifestyle amenities.
