As a new homebuyer, a new home is an exciting yet anxious decision. Your mind is often flooded with questions that are critical to choosing a home. And if you’re looking at a home in Pune’s fastest-developing areas like Kharadi, then your search for a 2 BHK in Kharadi, will begin with important queries. To help you navigate this maze without fear, we’ve compiled a list of the top seven FAQs with answers for new home buyers in Pune.
1. What are the documents required to buy a new home in Pune, specifically a 2 BHK in Kharadi?
The Government has already detailed a list of important documents in the home-buying process. To buy a new home in Pune, including a 2 BHK in Kharadi, you’ll need to provide several important documents. These include:
- A copy of your PAN card
- A copy of your Aadhar card
- Proof of address (such as a utility bill)
- A copy of your passport or driver’s license
- Bank statements for the last six months
- Proof of income (such as salary slips or tax returns)
- A copy of the agreement with the builder or developer
- NOC from the society or authority
- Sale deed and agreement for sale
Ensure that all your documents are well-organized and properly store at all times. Easy accessibility to every document is important throughout the home-buying process.
2. What are the popular areas for buying a new home in Pune, specifically a 2 BHK in Kharadi?
In the eastern corridor of Pune, Kharadi is one of the most sought-after areas for buying a new home in Pune, especially a 2 BHK flat near EON IT Park. Its social infrastructure, connectivity, and proximity to global IT parks make it a prime choice for new homebuyers. Other popular areas include:
- New Kharadi
- New Wakad
- Hinjewadi – Phase 2
- Hinjewadi – Phase 3
These areas are the newest developing pockets in Pune. Being well-planned and carefully designed, each of these areas has its unique characteristics and socio-economic set of citizens. Hence, it’s important to research and visits each area on weekdays and weekends, before making a decision.
3. What is the difference between a carpet area, a built-up area, and a super built-up area, specifically for a 2 BHK in Kharadi?
When you’re looking for a new home in Kharadi, you’ll come across terms like carpet area, built-up area, and super built-up area. Here’s what they mean:
- Carpet area: The area of any premium 2 & 3 BHK flat in Pune that can be covered by a carpet, excluding the walls.
- Built-up area: The carpet area plus the area covered by the walls and other fixtures like the bathroom, kitchen, and balcony.
- Super built-up area: The built-up area plus common areas like the lobby, staircase, and lift. This is also known as the saleable area.
Comparing properties is a natural process during choosing a home. While choosing your 2 BHK flat near EON IT Park, consider these important factors alongside amenities, location, pricing, and more.
4. What is the process of getting a home loan in Pune for a 2 BHK in Kharadi?
A home loan is a key aspect of buying a home in today’s times. Our aspirations are often fuelled by dreams, a properly processed home loan can actually help you get there. Getting a home loan in Pune for a 2 BHK flat near EON IT Park, Kharadi is a straightforward process. These are the steps involved in this process:
- Research different banks and their home loan offerings
- Compare interest rates and other features of the home loan
- Apply for a home loan with the bank of your choice
- Provide all the necessary documents to the bank
- Wait for the bank to approve your loan
- Once the loan is approved, sign the agreement with the bank and the developer
Another often ignored reality is one’s ability to actually pay monthly installments – EMIs. Before entering into a home loan agreement for a premium 2 or 3 BHK flat in Pune, sit back, do the math, and evaluate whether you can afford the monthly financial outflow and whether the loan term fits your financial goals.
5. What is the difference between a pre-approved and a pre-qualified home loan, specifically for Premium 2 & 3 BHK Flats in Pune?
A pre-approved home loan means the bank has already approved a certain amount for you based on your income and credit score. A pre-qualified home loan, on the other hand, is just an estimate of how much you can borrow based on your income and credit score. Although these terms may seem to have overlapping meanings, the reality is very different. An estimation is not the final figure that the bank may approve. Be aware of this fact, and make a rational decision based on your financial investment appetite.
6. What are the Tax benefits one can get upon Buying a New 2 BHK in Kharadi?
Owning one’s home is a big dream for many. And it is also a major incentive to the country’s economy via the growth of the real estate industry. The Government devises a variety of tax benefits (mostly announced in the annual budget) to give an impetus to new homebuyers. For example, as of 2022, under section 80(c) of the Income Tax Act, a tax deduction of a maximum amount of up to Rs 1.5 lakh annually can be availed on the EMI’s principal repayment portion.
7. The Eternal Confusion: Should I Buy or Rent My Home?
For many people, the confusion between renting a home vs buying delays a purchase decision. The answer to this varies from person to person. It depends on factors like stability of job, chances of moving locations for work, financial affordability, and more. Buying your own 2 BHK flat near EON IT Park will give you the following advantages over time: Tax Breaks, Financial Gains Over Time, Security of Ownership, Freedom from Landlord Worries, a Sense of Pride, Asset Creation for Generations, and more.
As a new homebuyer, these questions are the most important ones amidst a sea of queries that will cross your mind. But if you are considering your own 2 BHK in Kharadi, Zen Elite is possibly one of the best options to consider. Besides the fact that your 2 BHK flat will be the right opp. EON IT Park, the 50+ thoughtful amenities and promise of a peaceful life will surely be unique in your home-seeking journey.
