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Talegaon, an attractive and emerging realty market in the vicinity of Pune and Mumbai, offers an excellent opportunity for home buyers and investors, alike. There are all kinds of realty projects available in Talegaon, from affordable and semi-affordable housing projects to luxury housing. If you are planning to buy a home in Talegaon, then you need to keep five crucial points in mind.
1. Developer’s track record
Talegaon is an emerging realty destination and therefore, you may find a mix of small and big developers operating in the area. Although there is no harm in buying a home from a small developer, these are often one-time players, who do not have experience or a technical support team. So, you may need to conduct greater due diligence, to avoid falling into the hands of the wrong developer. The best strategy, would be to focus on a project by an established developer with a good record.
2. Project approvals
While it is now essential for realty projects to be registered with the RERA, which lays down strict norms for developers, you must still check all the necessary papers related to the project. You should verify the title documents, whether the title is leasehold or freehold, past litigation, master plan, occupancy certificate, etc. If you are planning to buy an under-construction property, then, choose projects that have tie-ups with multiple banks. Usually, banks conduct strict due diligence, before entering into a tie-up with a realty project. This can reduce your risk to a great extent.
3. Ideal locations to buy a property in Talegaon
“All the micro-locations in Talegaon are equally accessible from all places. However, if you are planning to commute often to Mumbai or Pune and its adjacent areas, then, you may prefer a property around the Urse-Talegaon-Chakan Road, locations near the Mumbai-Pune Expressway, Kalokhe, Swaraj Nagari, Tukaram Nagar, etc.,” says Raj Shah, director of the Namrata Group.
4. Price of the property
Property prices in Talegaon are quite attractive, compared to those in Pimpri-Chinchwad and highly affordable, compared to prices in Mumbai and Pune. At the cost of an affordable property in Mumbai and Pune, you can manage to purchase a semi-affordable or luxury residential property in Talegaon. These properties usually include amenities like swimming pools, gym, park, jogging track, etc.
Nitin Jain, who works with an IT company in Pune, says, “I have purchased a home in Talegaon and I enjoy living here now. My company allows me to work from home but once a week I have to visit my office for meetings. It is easier for me to travel from Talegaon to Pune, than reaching my office from the other end of Pune. There is no traffic while travelling from Talegaon to Pune. There is no pollution and Talegaon has all facilities like hospitals, multiplexes, schools, etc. The best part is that I have purchased a property at half the price of Pune, without compromising on the size and amenities.”
5. Should buyers choose a ready-to-move-in or under-construction properties?
If you are not in a hurry to occupy your property, then, you can explore under-construction properties that are available at attractive prices. This is an ideal choice for investors. Ready-to-move-in properties may cost you a little more and it could be a good choice, if you are looking to shift immediately. You can also check for properties that are close to completion.
Talegaon has a lot to offer, irrespective of whether you are looking for a weekend home, a second home or an investment. The region has numerous businesses and its realty market is growing at a healthy rate.