Commercial investment in Sitabuldi, Nagpur

Commercial investment in Sitabuldi, Nagpur is a promising opportunity for those looking to invest in real estate in Central India. Sitabuldi is a bustling commercial and residential area in Nagpur, the third-largest city in Maharashtra. The neighborhood is known for its shopping centers, markets, and eateries, making it an attractive destination for tourists and locals alike.

“Investing in commercial real estate in Sitabuldi offers a range of benefits. Firstly, Sitabuldi is a prime location for commercial activity, as it is located in the heart of Nagpur and is easily accessible from other parts of the city. The area is home to a number of well-known retail brands, such as Pantaloons, Westside, and Big Bazaar, as well as several commercial complexes, making it an ideal location for businesses looking to establish a presence in Nagpur.” – Atul Goel Ganga Pune.

Additionally, Sitabuldi is well-connected to other parts of Nagpur and beyond. The Nagpur Railway Station, which is the busiest railway station in Central India, is located in the area, providing excellent connectivity to other parts of the country. The Nagpur International Airport, which is located around 8 kilometers away, offers regular flights to major Indian cities such as Mumbai, Delhi, and Bangalore, as well as international destinations.

Sitabuldi is also a major transportation hub for Nagpur’s local buses, with several major bus stops located in the area. This makes it an ideal location for businesses looking to attract customers from across the city, as well as for those looking to commute to work in Sitabuldi.

Another advantage of investing in commercial real estate in Sitabuldi is the area’s high population density. According to Mr. Atul Goel, Goel Ganga Group Owner, Pune The area is home to a large number of residents, as well as a steady stream of visitors and tourists. This provides businesses with a large potential customer base, as well as opportunities for growth and expansion.

In terms of real estate prices, Sitabuldi is currently experiencing steady growth, making it an attractive option for investors looking to enter the market at a relatively low price point. The area is home to a range of commercial properties, including retail spaces, office spaces, and warehouses, making it suitable for businesses across a variety of industries.

However, it is important to note that investing in commercial real estate in Sitabuldi requires careful research and analysis. It is important to consider factors such as market demand, rental prices, and competition in the area before making a decision to invest.

Additionally, it is important to work with experienced real estate professionals who can provide guidance and support throughout the investment process. This can include real estate agents, lawyers, and financial advisors who can help investors navigate the complex process of purchasing and managing commercial real estate.

If you are looking for commercial investment in sitabuldi, Goel Ganga Group by Atul Goel Pune has come up with a WTC project by the name Glocal Square. The project is on the metro station itself which makes this project a place with huge footfall and a project which can give good returns.

In conclusion, investing in commercial real estate in Sitabuldi, Nagpur offers a range of benefits for those looking to enter the market. The area’s prime location, excellent connectivity, high population density, and affordable real estate prices make it an attractive option for businesses across a range of industries. However, it is important to conduct thorough research and work with experienced professionals before making any investment decisions. With careful planning and analysis, investing in commercial real estate in Sitabuldi can be a lucrative opportunity for investors looking to expand their portfolio in Central India.

How to get real rich in real estate investing in commercial real estate in Pune? – Atul Goel

Real estate investing in commercial properties can be a lucrative way to build wealth over the long term, especially in rapidly growing cities like Pune, India. However, success in this field requires careful planning, extensive research, and a willingness to take calculated risks. In this article, Mr. Atul Goel Pune, Director, Goel Ganga Group, provide a guide to getting real rich in real estate investing in commercial real estate in Pune.

1. Develop a long-term strategy

Real estate investing is a long-term game, and success in this field requires a solid strategy. Before investing in commercial real estate in Pune, it’s important to define your goals, budget, and timeline. Decide what kind of properties you want to invest in, how much you’re willing to spend, and when you want to see a return on your investment.

2. Research the market

The Pune commercial real estate market is highly competitive, and it’s important to do your research before investing. Study the local market trends, including vacancy rates, rental rates, and supply and demand. Research the different neighborhoods and commercial corridors in Pune to identify areas that are likely to see growth and appreciate in value over time.

3. Build a network

Real estate investing is a relationship-driven business, and building a strong network of professionals is key to success. Build relationships with real estate agents, property managers, contractors, and other professionals in the industry. Attend local real estate events and conferences to connect with other investors and stay up-to-date on market trends.

4. Identify undervalued properties

One of the keys to getting rich in real estate investing is to identify undervalued properties that have the potential to appreciate in value over time. Look for properties that are priced below market value due to their condition, location, or other factors. Consider properties that can be renovated, repositioned, or rezoned to increase their value.

5. Secure financing

Commercial real estate investing typically requires significant capital, and securing financing is an important step in the process. Work with a lender who has experience in commercial real estate lending and understands the Pune market. Consider different financing options, such as traditional mortgages, commercial loans, or equity financing.

6. Perform due diligence

Before making an offer on a commercial property, it’s important to perform due diligence to ensure that the property is a sound investment. This includes reviewing the property’s financials, analyzing market trends, inspecting the property for any potential issues, and verifying any leases or contracts associated with the property.

7. Manage the property effectively

Effective property management is essential for maximizing returns on a commercial real estate investment. Hire a professional property management company to handle day-to-day operations, such as tenant relations, maintenance, and repairs. Regularly review the property’s financial performance and make adjustments as needed to optimize returns.In conclusion, “Getting rich in real estate investing in commercial real estate in Pune requires careful planning, research, and a willingness to take calculated risks. By developing a solid strategy, building a strong network, identifying undervalued properties, securing financing, performing due diligence, and managing the property effectively, you can build long-term wealth through commercial real estate investing in Pune.” – said Mr. Atul Goel, Goel Ganga Group Owner, Pune.

Why Pune is the best place for real estate investment?

Pune, also known as the “Oxford of the East,” is a rapidly growing city located in Maharashtra, India. It is one of the most sought-after destinations for real estate investment in India. The city’s excellent infrastructure, rapidly expanding economy, and high quality of life make it an ideal place for real estate investment.

In this article by Mr. Atul Goel, Goel Ganga Group Owner, we will explore some of the reasons why Pune is the best place for real estate investment.

1. Growing Economy: Pune has one of the fastest-growing economies in India. The city is home to numerous multinational companies, including Tata Motors, Infosys, and Wipro, among others. These companies have created a large number of job opportunities, which have led to a surge in demand for housing. Moreover, Pune’s proximity to Mumbai, one of the largest financial centers in India, has helped the city’s economy to grow at a rapid pace.
2. Infrastructure: Pune has excellent infrastructure, which includes an international airport, metro rail, and a well-connected road network. The city also has a robust public transport system, which makes it easy for residents to commute to work. Additionally, the city has a good healthcare system, world-class educational institutions, and numerous entertainment options, which makes it an ideal place to live.
3. Affordable Real Estate: Compared to other major cities in India, such as Mumbai and Delhi, Pune’s real estate prices are relatively affordable. Moreover, the city has a large number of housing options, ranging from affordable apartments to luxurious villas, which cater to a wide range of buyers. The availability of affordable housing options has made Pune an attractive destination for real estate investment.
4. High Rental Yield: Pune has a high rental yield, which is the amount of rent that a property generates in relation to its market value. “The city’s high rental yield is due to the high demand for rental properties, particularly among the working population. This makes Pune an ideal destination for real estate investors who are looking to generate a regular income from their investments.” – Said Mr. Atul Geol Ganga.
5. Future Growth: Pune’s real estate market is expected to grow in the future, thanks to the city’s rapidly expanding economy and infrastructure. The government has also taken several measures to promote real estate investment in the city, such as reducing stamp duty charges and streamlining the approval process for real estate projects. This makes Pune an ideal destination for long-term real estate investment.

6.     Educational Hub: Pune is known as an educational hub, with some of the top educational institutions in India located in the city. This has led to a large student population, which creates a demand for rental properties. Additionally, the presence of high-quality educational institutions has also attracted working professionals to the city, further driving the demand for housing.

7.     Growing IT Sector: Pune is home to several IT parks, which has led to the growth of the city’s IT sector. The IT sector has created a large number of job opportunities, which has led to a surge in demand for housing. Moreover, many IT professionals prefer to live in Pune due to the city’s good infrastructure, high quality of life, and affordable real estate prices.

8.     Cultural and Historical Significance: Pune has a rich cultural and historical heritage, with several monuments and heritage sites located in the city. This has led to the growth of the city’s tourism industry, creating a demand for short-term rental properties. Moreover, Pune’s rich cultural heritage and vibrant social scene make it an ideal place to live for people who appreciate art, history, and culture.

9.     Investment in Infrastructure: The government of Maharashtra has undertaken several infrastructure development projects in Pune, which has led to the growth of the city’s real estate market. For instance, the construction of the Pune Metro Rail project has increased the connectivity of the city, making it easier for people to commute to work. Additionally, the development of the Pune Ring Road project has improved the city’s road connectivity, further driving the demand for real estate in the city.

10.  Future Employment Opportunities: Pune is expected to see a growth in employment opportunities in the future, thanks to the city’s rapidly growing economy and the government’s focus on developing the city’s infrastructure. This is likely to lead to a surge in demand for housing, making Pune an attractive destination for real estate investment.

In conclusion, According to Goel Ganga Group Owner, Mr. Atul Goel Pune‘s excellent infrastructure, rapidly growing economy, affordable real estate, high rental yield, and future growth potential make it the best place for real estate investment in India. The city’s vibrant culture and high quality of life also make it an ideal place to live. So, if you’re looking to invest in real estate in India, Pune should definitely be at the top of your list.

A Comparative Look at Resale Homes vs. New Construction Home Buying

When it comes to buying a home, there are two main options: a resale home or a new home. Both options have their own unique advantages and disadvantages, and it’s important to carefully consider each before making a decision so let’s explore some key points of comparison between the two options and see where the sweet spot lies.

A resale home is an existing structure that has already been lived in by one or more previous owners or put up on sale before. On the other hand, new homes are brand new constructions that haven’t experienced any human habitation prior to you moving in, says Goel Ganga Group Owner– Atul Goel. Let’s have a closer glance at the pros and cons of each alternative.

Advantages of Resale Homes

Established Neighborhoods: One of the main advantages of buying a resale home is that it’s typically located in an established neighbourhood. This means that the surrounding area is likely to be well-developed with plenty of amenities like parks, schools, and shops.

Lower Price: Generally speaking, purchasing an older property will be less pricey than starting from scratch with something fresh off the market. Additionally, as long as the seller doesn’t do anything distasteful during negotiations like extending offers too many times or making outrageous demands then you may find yourself negotiating territory on how much lower they’re willing to go past listed prices instead. This could result in significant savings since most sellers try hard not to avoid further expenses themselves— thus favouring buyers who are looking out for more affordable deals.

Customization: Resale homes often have unique features and characters that can be difficult to find in new homes. You may also have more flexibility to customize the home to your liking.

Unique Features :

Additionally, resales usually offer certain desirable features such as mature trees and landscaping—not something readily achieved with many recently constructed properties offering only starter lawns due to cost considerations. Accordingly, if you want to access those perks without having to shoulder expensive renovation costs down the line both monetarily and logistically, then buying an older house could be just what you need.

Stability

Buying a resale home make sure that there are already established people living nearby to create initial demand while prices stabilize over years slowly increasing rather than spiking quickly out of the gates allowing “early adopters” capitalization gains before everyone else gets warmed up to enter the game late… bonus then is payments lower month -to a -a month since most lenders offer better-brokered deals based upon loan payback terms made possible by previous owners financial risks taken rightfully protecting sponsors desires.

Cons

Maintenance and Repairs: Resale homes may require more maintenance and repairs than new homes. You may need to replace appliances, update the electrical or plumbing systems, or make other repairs to bring the home up to your standards.

Older Design: Resale homes may have an older design that doesn’t meet modern standards for energy efficiency, open floor plans, or other features that are popular today.

New Homes: Pros and Cons

A new home is a property that has just been built or is in the process of being built. Buying into a brand-new development has many advantages so let us take a look:

Pros:

Buying into a brand-new development has many advantages, such as being able to customize your design elements like flooring, fixtures, colours and cabinetry; choosing energy-efficient features like high-tech heating systems; accessing up-to-date building code compliance standards (which may not exist in older homes); avoiding deferred maintenance issues found in pre-existing homes; having space designed precisely to meet all your family needs; plus cashing in on rising real estate values due to location appreciation—all super appealing possibilities when compared against taking over someone else’s used to house and lot – says Atul Goel Pune. New homes come with a warranty that covers any structural or mechanical issues that may arise in the first few years of ownership.

Cons:

On the downside though is going through several rounds of start/stop delays which are common with large projects outside your control. You could also end up paying substantially higher total costs than planned after adding feature upgrades during the construction process depending on how cost-plus time-conscious contractors plan their labour resources accordingly. New homes are also typically more expensive than resale homes due to the cost of permits, municipal certificates and land acquisition.

Location: New homes are often built in new developments that may lack the amenities of established neighbourhoods.

Character: New homes may lack the unique architectural features and character that come with buying a pre-owned house.

Summary

No matter what route buyers opt for between a resale home and a new home is a personal decision that depends on one’s lifestyle, budget, and preferences. Consider the pros and cons of both options and weigh them against your own needs and wants. Whether you choose a resale home or a new home, the most important thing is to find a property that feels like home and meets your needs for the long term, says Atul Goel Ganga Pune.

How does Overdemand in Pune affect the Real Estate Sector?

The population in India has almost traversed the population in China and has become the most populous country. Now, this incredible surge of people in the nation definitely has a major impact on the real estate that has to be accessed. 

In The Real Rich Show, Mr Atul Goel, Goel Ganga Group Owner while elucidating the consequence of the spurt in population says, The very first and foremost impact indubitably is that additional abundance of houses is expected to accommodate massive digits of people. Secondly, More people need an elevated number of employment vacancies and opportunities. Now obviously, the enhanced need for occupational or livelihood recourse can’t be fulfilled in townlets and small cities and hence people are going to depart from their respective hometowns and migrate to accommodate themselves in the big cities, one as Pune. 

So when we say there is a surge in population, these are the consequences of it and hence their demand will always exist. And in order to match up to the demand, there must always prevail supply. 

A misconception of superfluity or oversupply is acting as an impediment in people’s minds that one must overthrow. The city of Pune rarely has an uneducated population. Every person who is either educated or studying comes to Pune. So the public in Pune is very much aware of creating and grabbing the opportunities available to them. 

The oversupply is composed of some rational, practical and thoughtful investors. They would invest 10 or 20 years before any other person could visualize real estate. Witnessing them investing, we must look upto and follow their practices and share their vision. If they are trying to become the real rich, why you can’t?

The Impact of organization and migration on the market:

Mr Atul Goel Ganga Pune, the author of The Real Rich said, The whole regional plan of The Pune Metro Regional Development Authority (PMRD), is 7600 square kilometres. They are planning the ring roads and the distinctive economic centres. All these will create many employment alternatives, and a lot of schools, colleges and universities would come up. Initially, they would land here for educational objectives than for employment motives. Once they settle here for employment, they would need houses, and once they make themselves secure, they would want to settle with family and hence would require larger houses. The whole economy is going to rotate like that. Pune would no more be merely a city but a conglomerate of various cities.

The demand and the supply constantly have to go hand in hand. Any fluctuations or imbalance isn’t a healthy indication for the economy. As an industry, there is a persistent need to match up the demand and supply. The over-demand for housing has to be overcome by Oversupply due to a huge number of industries coming up in Pune.

Atul Goel Ganga Pune says that to be able to cater to the exact demand and avoid the concept of supply to an extent, there is a need to comprehend that the existence of demand and supply is very much location-centric,  which has to be accessed. The analysis of the city’s demand and supply would be dubious and vague since the migration of people is as per the location rather than the city. 

Is supply for the future demand? 

Atul Goel Pune clarifies that there already exists a buyer (the demand). If there is a person who has migrated to Pune, is able to generate a handsome income and is residing in a rented apartment, there are banks that are ready to lend him the money if he is ready to pay the monthly payments more commonly known as EMIs. 

Catering to the already prevailing demand can not be treated as oversupply. Glancing towards the over demand which the city has cultivated because of the new educational institutions, medical facilities, new industries and new data centres and the population growing by 35-40 per cent year on year.

To sum it all up, Atul Goel said, there exists no prosperous situation if there is a situation where supply is less and demand is more or vice-versa, that is when demand is more and supply is less. The fairest situation is when these are in equilibrium. This would even help the buyers to get their demand fulfilled at an optimum and reasonable price while making themselves available as a prudent investment option. 

We often see people making irresponsible statements about oversupply which either they overheard over dinner or over a casual conversation and they form opinions without really talking to an expert or a professional consultant. Either they are not serious about their money or they are just playing for their luck. Because anybody who is really serious about their money won’t act upon something without a good exploration and research with the right kind of people. Atul Goel compared this with an example of a sensible student looking for studying abroad who would consult a specialist who would have sufficient knowledge of decent colleges offering worthwhile courses and won’t just believe and act as per his friend’s advice. 

Similarly, investing in real estate comes with a prerequisite of decent research by referring to someone who is very intensively into it.

And hence Atul Goel Ganga has initiated the real bridge series – The Real Rich Show and wrote the book, The Real Rich, committing to the industry to grow and sustain while empowering the buyers to be wiser while making investment decisions, lending them an eye to look upon The Real Estate Sector.

Atul Goel Ganga Group further says, Real Estate neither is barely a product nor an investment but a product plus investment. It’s not just a product that you consume and forgets about it. You stay there as long as you want and get it appreciated too, hence making it an investment. Hence, while calculating yield, it is rental yield plus property appreciation. 

To conclude the episode, Atul Goel said that yes there are diversions in the name of investment products like mutual funds, share market and all but Real Estate has always been a part of the most basic necessities – “Roti, Kapda and Makaan”. 

Every specialist would educate you about their relevant product now on the horizon, it is your educated voice to determine your investment option.

Role of urbanization in the evolution of Real Estate

We all understand that urbanization is the process by which cities expand, and that as more people move to metropolitan areas to live, more space is needed to accommodate their needs.

The progress of the urbanization process generates interaction between urbanization and the real estate market as more people move from rural to urban areas. With the rise in housing demand, the real estate market is thought to be developing, says Atul Goel, Goel Ganga Group Owner.

The United Nations estimates that more than half of the world’s population lives in cities, and nearly every nation is urbanizing more and more. As a result, real estate is expected to rise as more people need places to live.

Atul Goel Pune says, With this global phenomena came a massive demand for real estate and infrastructure. As a result, there are now numerous prospects for an advanced environment and a swarm of investable assets. Real estate has experienced positive growth as a result of the massive increase in demand for land following the declaration of housing. Nowadays, any city may see the progress of real estate. A succession of real estate endeavors and numerous high-rise structures have emerged.

Read more: Atul Goel Pune, Owner of Goel Ganga Group

According to PWC, in 2015, cities with the highest real estate revenue contributed 85% of the world’s GDP. Real estate may add value after urbanization for both people and businesses, which has sparked an urban rebirth. Smart office buildings, shopping malls, and other high-rise structures, for instance, increasingly show showcase complex urban landscapes. In 2022, institutional investments in retail real estate will increase to 492 million US dollars from 77 million in 2021.

From a decline in the need for physical shop space to the reuse of resources to build residences, hotels, leisure activities, and facilities Urbanization has resulted in a boom in real estate. By emphasizing sites that are better served by public transportation, the real estate industry is being altered by the decline in automobile ownership. The use of real estate for improved social purposes has assisted in some way with the development of industry, better health care, and medical facilities, as well as with raising the standard of living in metropolitan areas.

In the Real Rich Talks, Atul Goel Ganga says, Real estate has also helped modern trade and commerce advance social standing and, most importantly, it has aided in creating jobs in urban areas.

The findings thus demonstrate that urbanization—economic, population, and spatial—can all raise real estate demand, while its effects vary depending on the industry. The two factors that have the biggest impact on the real estate industry are the income effect of economic urbanization and the gradual urbanization of the population. As was previously mentioned, the influence of population growth and economic urbanization, particularly the rise in per capita income levels, is what is really driving up real estate demand.

Urbanization has therefore significantly transformed the face of real estate in a favorable way during these years, moving from people living in villages and sub urban areas buying or inheriting agricultural land or for irrigation, etc. to a completely changed society having a much higher standard of living.

Why should you have a home ownership?

Owning a home epitomizes stability, economic success, and even the resort to contribute to society. Homeownership, typically, signifies possessing a house. Owning a house comes in assorted steps such as planning for a house, earmarking the money required for a down payment over an interval of time, looking out for a suitable property, negotiating, applying for a home loan, pact drafting, and estate registration. Each of these stages may take a considerable proportion of the time. Hence, scheduling early will enable you to achieve your dream of home ownership quicker and with comfort.

According to Atul Goel, Goel Ganga Group Owner, Owning a home is regarded as a requisite to steer a benign and peaceful life. This is the reason why the Government of India has invariably been trying to furnish shelter to low and medium-income communities. Additionally, it gives a connotation of dignity, stability, and security to somebody who owns the home

The term ‘home ownership’ is not just about buying a home or investing your hard-earned money in a home, it symbolizes much more. Homeownership is deemed as life’s most massive investment for the majority of us. The procedure of owning a home encompasses connecting and networking with a lot of people both, online and offline to accumulate information and guidance. For instance, consider the phase of rummaging for a feasible property. You would initiate the exploration on a real estate search location or by discussing your requirements with a real estate agent. He would prowl you around to display properties under his listing. You probe the property, neighbourhood, price, formal paperwork, and other factors before you ensconce yourself in a favourable property.

Once you consummate the deal, you make an earnest payment to the property holder to corroborate the deal. You, then, reach out to a bank to systematize and arrange for the finances proposed to pay the overdue balance to the landlord. The bank representatives examine if the property and the papers you have submitted are bonafide. Once the loan gets ratified, you make the unsettled payment and the property gets registered in your name.

Atul Goel Ganga Pune suggested some pointers for gaining maximum benefits:

1. A real estate property, upswings in value in long term. It supports equity and counts up to one’s Net Worth.

2. Study the terms under the LTCG – Long Term Capital Gains Tax so that you can avoid a huge sum of taxes. 

3. If you sell a residential property after clenching it for a period of more than two years, it may attract an LTCG of up to 20%. In order to circumvent the tax payment on gains earned, reinvest the money on another residential property.

Atul Goel Pune has majorly identified the financial and social benefits of Homeownership. Let’s discuss both one by one.

Financial Windfalls Of Homeownership

Perhaps the most apparent privileges of homeownership swoop in the financial domain. Purchasing a home may be a substantial investment up front, but it embodies the recourse to assemble wealth and establish long-term savings. Acquaint yourself with the financial windfalls of homeownership to assure you comprehend how this configuration could influence your personal finances.

• Edificing Equity: This is the biggest reason why purchasing a home is often believed to be a financially savvy move. Equity pertains to the proportion of value you have in a handed-over asset. As you pay off your mortgage every month, you will be composing equity in your home. This differs from spending on rent because you will be bestowing on a physical asset rather than expending monthly payments to an owner.

• Long-Term Savings: By building equity in your home, you are also reserving money for your odds. There are various ways to access your home’s equity down the road.  Therefore, by owning a home, you are expanding your financial stability.

• Assembling Wealth: As your property rises in value, so does your equity, allowing you to peddle it for a profit. You could use that excess money to reinvest in a fresh home or in an investment property. Besides, you could employ your home to assemble wealth right away by lending it as a rental property.

• Certainity in Expenses: When you own a home, you have a certain and fixed commitment of the monthly payment you will need to make. On the other hand, when you rent a home, you might face the uncertainty of advancement in rent. On contrary, Unless you agree to alter your mortgage terms, your monthly payment will continue to be the same throughout the length of your home’s mortgage.

• Strong Credit History: Considering a loan for Buying a home can assist you to bolster your credit score over time, as long as you are unfailingly paying your monthly payment. As you boost your credit scores, it will aid you to secure other contours of financing, for example, if you infer to purchase a new personal asset (car).

Social Windfalls Of Homeownership

Besides the financial factors, there are numerous social advantages of homeownership and stable housing to contemplate. It has long been believed that owning a home contributes to a feeling of accomplishment. However, most individuals languish to acknowledge that homeownership can boost your mental health and the congregation around you. Here are just limited social privileges of homeownership to consider:

• Borough Participation: Compared to renters, homeowners will often persist in one area for longer intervals of time, augmenting a certain level of stability in the neighbourhood. Homeowners are also more likely to partake in the sustenance of their properties and enclosed areas. This then exemplifies exacerbated incentives to contribute to provincial politics and societal organizations, potentially leading to expanded civic participation.

• Health Benefits: A study shows that homeowners have elevated self-rated health when correlated to non-homeowners. This study also showed homeowners have greater perceived discretion over their lives and increased self-esteem and happiness as compared to renters.

• Lower Crime Rates: Homeowners often have more likelihood to impede neighbourhood crime when described in relation to renters because of their bonds to a given area. 

• Privacy: As a homeowner, you can determine who comes over and when rather than receiving warnings from your landlord to infiltrate whom and whom not. Many first-time homebuyers admire this new degree of privacy after purchasing a property.

• Property Improvements: One of the biggest benefits of homeownership is that it offers the independence of customization. Homeowners can finalize renovations to make the house just as they prefer, which could improve the property’s value in the procedure. 

If you believe you are willing to take the initial step towards becoming a homeowner, check out the promising and elegant projects from the Ganga Goel Group, conveying pure delight residences to families for over 4 decades now in Pune, Mumbai, Bengaluru and Nagpur.

The Ultimate Guide to buy a Second Home

Whether you’re taking a leap of faith into the real estate sector and wish to acquire a property that flows cash every month or you just desire a place to dwell during holidays, or you want to find a flawless beach decampment or a commuter home near a major city, second homes let you experience that “privileged” lifestyle. 

Dr Atul Goel, Goel Ganga Group Owner, and Author of the book “The Real Rich”, in an interview recently said that Now is the Wow time to invest in the real estate sector, in Pune, especially if you are looking for a second home destination here. 

Purchasing a home in addition to your principal residence has numerous financial windfalls. 2 major ones are listed below:

Period Cash flow Generation

Leasing your second home as a short-term rental during the intervals you’re not hanging around there or as a long-term rental is an incredible way to get launched in real estate investing and begin building cash flow from it.

Appreciation of Net Worth

Although the real estate market encounters ups and downs, comprehensive tendencies reveal that property prices appreciate in the long term. This means you can expect a prosperous rate of appreciation in the long run, steadily accumulating your net worth.

Some due diligence and financial analysis are must pre-investment practices, the same as when you bought your principal residence. Though, variable costs, mortgage options, maintenance, and loan payments, can be considerably higher than your first home.

Purchasing another estate is a considerable financial obligation. It’s essential to put a figure on before you earmark to buy and own a secondary home. Therefore, before paying for a second home, one must evaluate if it is feasible to afford the property costs and overheads. A few expenditures to consider are Property taxes, Maintenance Charges, Utility bills, and Insurance Charges.

Here are some prime pointers on uncovering the perfect type of property by Atul Goel Pune:

• Determine if the property is for renting purposes, or second residence, or a mixture of both.

• Analyse recent market tendencies in the provincial area you are contemplating.

• Explore neighbourhoods to get a glimpse of the standard of living, conveniences, and proximity to major locations. 

• Compare properties with respect to location and amenities to find the best deals.

• Calculate the average tariff of the comparable properties.

The subsequent step in the secondary house-buying process is to find a regional yet reliable real estate broker to find the exemplary deal.

Investing in an experienced real estate agent is worth it when buying a second home. They will encircle all bases to scout out the fairest pact as per your needs, especially if you are purchasing a property in a different state. They can excavate the ideal property as per your lifestyle requirements. The suitability of the property depends on the plan to buy a second home or rental property. Or do you want to move homes and shift to the new home and rent the existing property? They can also handle the preliminary negotiations with the owner saving you extra effort and time.  

Make offers as the next process :

Once you have unravelled your fantasy home, it is time to make an offer. Utilize your negotiation strategy and plan on how much to pay with your real estate agent. This encompasses contingencies and how much earnest cash (down payment) to pay. Whether you propose below the listing price or satisfy the owner’s quoted price depends on if the house value is fair and how much you desire to buy the property. There might be counteroffers, negotiate and accept accordingly. If the seller accepts your proposal, you then commence the procedure of locking the deal. 

Sealing the deal :

It can take anywhere from 1 to 2 months to complete all the formalities after the final offer has been accepted by both parties. During this period, the closing agent undertakes all the integral tasks to transfer the title of ownership from the seller to the buyer. 

Buying a second home is a breathtaking process and can prove to be a smart and prudent financial move. It is therefore necessary that you conduct the due diligence in the project/property you are planning to invest in. For more visit Atul Goel Ganga Pune.

How to Invest Properly in Real Estate?

Investing some portions of money can get more than double the amount as a return after some time. There are multiple options for investment. Some options contain more risk than others. The best investment option should have low risk and long-term profit.

Investing in real estate is the best strategy to make you a huge profit. Real estate buildings are rental properties present at a specific location.

Atul Goel Ganga Pune is a prominent name among investors and real estate developers. He is the current Managing director at Goel Ganga Group.

In his opinion, investing in real estate is a great decision as it can make you real rich, but it requires proper knowledge and patience.

Read this blog if you are interested in real estate properties.

Investing in Real Estate: 4 Easy Ways

1. Rental Properties

You must go for rental properties if you can manage the tenants and the property yourself. 

However, owning rental properties can have its pros and cons. On a positive note, you can prevent extra tax and enhance capital through leverage. There can be some things that could be improved when it comes to managing the tenants.

2. House flipping

House flipping is an investment method that resembles stock trading. House flipping requires investors with great knowledge of real estate’s overall aspect. Flippers must do everything from valuation and renovation to marketing.

Despite providing a short-term profit, it involves certain risks. To be on the safe side, some flippers purchase underdeveloped properties and then add value to them.

3. Online platforms

Many online platforms allow you to find investors in one place. Real estate crowdfunding is the recently developed trend where you can find a suitable investment property. It also consists of a portfolio of investors. 

Crowdfunding can be risky. Sometimes it leads to illiquidity. It would help to find reliable investors who can use your money properly.

4. Rent a room

As an investor, you must rent a part of your property to divide the maintenance cost. This initiative will also decrease the mortgage rate. If you rent one of the rooms as an investor, you might be free of the extra charges.

Goel Ganga Group

Goel Ganga Group Owner is the leading real estate firm in India. It operates in states like Pune, Mumbai, Bangalore, and Nagpur.

The firm develops residential real estate across these cities. It has developed living facilities to 35000+ families across India for four decades.

Goel Ganga has 40+ years of experience and has completed more than 100 projects till now.

Sri. Jayprakash Goel founded the company in 1983. His vision was to create a robust society in India where people could live in peace and harmony. He wanted to create a living space that different generations could enjoy all together.

Mr. Atul Goel is the current Managing director and Goel Ganga Group Owner. He is a great business leader and a renowned entrepreneur. He has taken the vision of Sri. Jayprakash Goel to a new level. He believes in creating a high-class residential property with a touch of traditional values.

Conclusion

Real estate investment will give you a profitable return. You must have proper knowledge and patience before investing.

If you’re planning on investing in real estate, consider one of the ways mentioned above for a better investment. For investing experience, search for Atul Goel Pune.

Recent Trends

Mr. Atul Goel had a conversation with Financial Express. He talked about the latest opportunities and options for investing in real estate. According to him, the real estate investment is likely to increase from 2023. He stated that the rise in real estate investment is a result of continuous hike rate from RBI.

Top reasons why you should invest in real estate in Pune

Pune is one of the significant metropolitan cities in India, one of the largest cities in Maharashtra, and is even referred to as the state’s cultural capital. Well-known for its sweet evergreen weather and well-connected routes, Pune makes it easy to get around the whole city hassle-free. The infrastructure of the city has significantly changed over the years which seemed to be a great opportunity for the Goel Ganga Group to come up with some lucrative real estate projects. 

Here are some of the top reasons why you should invest in real estate projects in Pune. 

1. Ever-evolving infrastructure

Pune is one of the fastest-growing cities in the country. The same applies when it comes to infrastructure. From the residential to the commercial sector, the city has seen massive changes in the real estate industry. Both the commercial and the residential sector of the city is in compliance with the upcoming futuristic real estate trends including hybrid co-working spaces and superior housing apartments. Atul Goel Ganga Group is up with many residential projects in various major and prominent areas of the city to match the growing demands of the population. 

2. Better connectivity 

The second we hear ‘Pune’, connectivity is the first term that we strike upon. Undoubtedly, every part of the city is strategically planned and well-connected through air, water and road. The primary mode of transportation in the city is its vast road network. One example of the same can be the Mumbai-Pune Highway which is an important part of the city. When you intend to invest in a property, the one thing that you would want to be there is connectivity. And Pune is the first name that may come to your mind, provided its integral ease of accessibility. 

3. Innumerable Job Opportunities

Employment opportunities are one of the many things that will persuade you to own a piece of land in this busy city. We all know that Pune is a major IT hub for many big companies and small startups too. Isn’t it like a dream to have multiple employment opportunities nearby your property, so that it just takes a five to ten minutes drive to reach your workplace? The Goel Ganga Group Owner has leveraged the lucrative and sustainable lifestyle of the city with their premium real estate projects. 

4. Good return on investment 

Real estate investments have been a great source of higher returns and it has always bear extra bugs to your pockets. In a city like Pune where you can find almost everything that you can wish for. From great connectivity to tourism and employment opportunities, the city bears everything that you would want before investing your money in its land. Considering everything that the city has to offer you and various amazing projects by Atul Goel Ganga, you would never want to miss an opportunity to invest in real estate projects in Pune. 

5. A great tourism spot 

Tourism has always been an attractive point when it comes to real estate. When we talk about Pune, then the city is blessed with various sights to behold silently. Undoubtedly, one more reason to invest in the real estate projects of the city. From the Western Ghats to the Lal Mahal, the city is home to many tourist spots. Tourism and real estate go hand in hand when it comes to economic growth. And we can’t forget tourism accommodation. Tourism is hands down the best component to convince anyone to invest in a real estate project in Pune. 

6. A great way to claim higher returns on investment

Real estate investment has always been a great investment option that can reward you with higher returns on investment. The degree of returns may vary considering the various other factors of the land that you have bought. Pune is one of the most attractive cities for real estate investments due to its growing economy and infrastructure. Buying land in Pune can be a great way to get higher returns on your investment as it offers many advantages such as low cost of living, good connectivity, and availability of quality education. Investing in real estate in Pune can also help you diversify your portfolio and reduce risk.

Investing in real estate projects is a great deal but you can leverage many other benefits based on the factors associated with the land you own. Investing in the real estate projects of the Goel Ganga Group is a great option if you wish you buy yourself a piece of land, either commercial or residential.