Buy Property in Pune

Introduction:

Buying a home involves understanding tricky terms like "carpet area" and "RERA carpet area." But don't worry, we're here to make it simple. Let's break down these terms and see what they really mean for you as a homebuyer.

Understanding What is Carpet Area?

Carpet area is the space inside your home that you can use. It includes all the rooms like bedrooms, living room, and kitchen. But here's the catch: it doesn't count the space taken up by the walls.

Getting to Know RERA Carpet Area:

Now, let's talk about RERA carpet area. RERA (Real Estate Regulatory Authority) made this term to make things fairer for homebuyers. RERA carpet area is like the carpet area, but it's more detailed.

Here's what's included in RERA carpet area:

The space you can use inside your home, just like carpet area.

The space taken up by the walls is also counted here.

Balconies and terraces are included, but only up to a certain limit.

Spotting the Differences:

Now that we know what each term means, let's see how they're different:

1. Counting Walls: Carpet area ignores the walls, while RERA carpet area includes them. This makes RERA carpet area a more accurate measure of your usable space.
2. Following Rules: RERA carpet area isn't just a term – it's a rule. It's there to protect you as a buyer and make sure developers give you the right information.
3. Balconies and Terraces: RERA sets a limit on how much of balconies and terraces can be counted. This stops developers from making them too big just to inflate the area.

Why It Matters to You Understanding the difference between carpet area and RERA carpet area?

1. Knowing the Real Cost: RERA carpet area helps you figure out the real cost of your home. It gives you a clearer picture of what you're paying for.
2. Making Fair Comparisons: With RERA carpet area, you can compare different homes more accurately. You'll know exactly what you're getting for your money.
3. Legal Protection: RERA rules mean developers can't trick you with misleading measurements. This gives you peace of mind knowing you're making a smart choice.

Calculating RERA Carpet Area: Here's how RERA carpet area is calculated:

1.       Measure the Usable Space: Start by measuring the usable space within your home, including rooms, hallways, and enclosed balconies or terraces.

2.       Include Wall Thickness: Unlike traditional carpet area, RERA carpet area includes the space taken up by internal walls. Measure the thickness of these walls and add it to the total usable space.

3.       Determine Balcony and Terrace Area: RERA allows a certain percentage of balcony and terrace area to be included in the carpet area calculation. However, this inclusion is subject to a maximum limit set by RERA guidelines.

4.       Subtract Exclusions: Certain areas, such as common areas like staircases and lifts, are not included in the RERA carpet area calculation. Make sure to subtract these from the total calculated area.

5.       Verify Compliance: Ensure that your calculations adhere to RERA guidelines and regulations to maintain compliance and accuracy.

Conclusion:

In the world of home buying, knowing the difference between carpet area and RERA carpet area is key. While carpet area gives a basic idea of your space, RERA carpet area is the real deal, backed by rules to protect you. Armed with this knowledge, you can confidently navigate the home buying journey, making informed decisions every step of the way.

In Vastu Shastra, incorporating paintings or representation showing nature into your home decor is advised to enhance the flow of positive energies. Among these, a waterfall painting is particularly auspicious, believed to not only imbue serenity but also attract wealth and good fortune to the household. If installing a water fountain isn't feasible, opting for a captivating waterfall painting can still invite positive energy into your home.

The Benefits of Waterfall Paintings

Your home reflects your persona, so it's crucial to cultivate an atmosphere brimming with positivity. Utilizing the principles of Vastu Shastra can aid in achieving this objective. Artwork, including wall paintings, holds sway over our emotions and the ambiance of our living spaces, making them integral elements of decor for fostering positive sentiments.

According to Vastu principles, paintings portraying tranquil, meandering rivers or cascading waterfalls symbolize the flow of abundance in life, encompassing career advancement and financial prosperity for the occupants. Placing a waterfall painting in the recommended Vastu direction amplifies the influx of harmonious energies.

Waterfall Painting Placement as Per Vastu

Water, a quintessential element for sustaining life, aligns with the north direction in Vastu Shastra. Governed by Kubera, the Hindu deity of wealth, the north direction also signifies career progression and financial stability. Hence, positioning a waterfall painting on the north wall of your living room is deemed optimal.

Alternatively, if the north isn't feasible, the northeast direction, known as the Ishanya corner and governed by Lord Shiva, can serve as an auspicious location. This corner, synonymous with purity and prosperity, enhances financial stability and fosters positive ideation when adorned with a waterfall painting.

Conversely, directions like southeast (associated with the fire element), southwest (linked with wind), and northwest (pertaining to earth) should be avoided for placing waterfall paintings, as doing so might evoke discord among household members or impede personal endeavors.

Choosing the Right Location for Waterfall Paintings

Strategic placement of waterfall paintings is crucial for optimizing their Vastu benefits. The living room, a focal point for social gatherings, serves as an ideal setting to showcase these artworks, captivating the attention of guests while infusing the space with positive vibes. Additionally, placing a waterfall painting in the office can stimulate career advancement.

However, certain spaces like bedrooms aren't conducive to housing waterfall paintings, and it's advisable to refrain from adorning them with such artworks.

Enhancing Finances Through Waterfall Paintings

Aligned with the principle of the five elemental forces, Vastu Shastra underscores the significance of the water element in monetary affairs. Hence, incorporating paintings depicting flowing water, such as waterfalls, can serve as a Vastu remedy for bolstering financial prosperity and attracting wealth into the household.

Considerations for Placing Waterfall Paintings

• Avoid excessively large paintings, as they may disrupt the flow of positive energy and impede familial growth and prosperity.
• Opt for paintings with clear imagery, avoiding abstract designs.
• When selecting a waterfall artwork, ensure the depiction suggests water flowing toward you.
• Strategically position the painting to create the illusion of water entering the home.

Conclusion

Waterfall paintings are powerful symbols that positively influence energy flow within homes according to Vastu. By understanding their significance and following placement guidelines, you can create a harmonious and prosperous living environment. Whether hanging a painting or using alternatives like water fountains, invite continuous positive energy flow into your home for the benefits of Vastu principles in daily life.

Which is the best option for investment residential or Commercial

When it comes to real estate investment, choosing between residential and commercial properties is a pivotal decision that can significantly impact your financial future. Each option presents unique opportunities and challenges, requiring careful consideration of various factors to make an informed choice. In this comprehensive guide, we'll delve into the intricacies of both residential and commercial real estate, examining their rental demand, management complexities, financing accessibility, income potential, tenant profiles, diversification advantages, and barriers of entry. Armed with this knowledge, you'll be better equipped to determine the most suitable investment path based on your specific goals and circumstances.

Residential Real Estate:

1. Rental Demand:

Residential properties, ranging from cosy apartments to spacious houses, cater to the fundamental need for shelter, making them an evergreen asset in the real estate market. The demand for residential rentals remains relatively consistent, particularly in sought-after locations with growing populations. As individuals and families continuously seek comfortable and secure homes, residential properties offer stability in rental demand.

2. Simplicity:

For investors venturing into the real estate world for the first time, residential properties present a more accessible and straightforward entry point. Compared to the complexities of commercial real estate, managing residential properties tends to be easier, requiring less specialized knowledge and experience.

3. Financing Options:

Financing residential properties is often more attainable for many investors. Banks and lending institutions usually offer more favourable terms and lower down payment requirements, making it easier to acquire residential assets. This accessibility can be a significant advantage for those looking to kickstart their real estate investment journey.

4. Market Stability:

One of the key benefits of residential real estate lies in its relative stability during economic downturns. The perpetual need for housing ensures that residential properties generally maintain demand even in challenging economic climates. However, local market conditions, housing supply, and demand imbalances can still influence rental demand and property values.

Commercial Real Estate:

1. Income Potential:

Commercial properties, encompassing office buildings, retail spaces, and industrial warehouses, offer substantial income potential due to long-term lease agreements and higher rental rates. The prospect of securing professional tenants for extended periods contributes to a more stable cash flow, providing a robust foundation for consistent returns.

2. Professional Tenants:

Commercial properties typically attract businesses and organizations as tenants, bringing an added layer of reliability to rent payments. Professional tenants often have more at stake in maintaining the property and adhering to lease terms, potentially reducing the wear and tear on the premises compared to residential properties.

3. Diversification:

Investing in commercial real estate can be an effective strategy for diversifying your investment portfolio. Unlike residential properties, which may face significant impacts from individual tenant turnover, commercial properties tend to experience more stable tenancy, reducing the risk associated with sudden vacancies.

4. Higher Entry Barrier:

Aspiring commercial real estate investors should be prepared for a higher barrier to entry. Acquiring commercial properties often requires a more substantial upfront investment, intricate financing arrangements, and a deeper understanding of market dynamics and lease agreements. This complexity can deter some investors, but for those willing to take on the challenge, the rewards can be substantial.

Conclusion:

Deciding between residential and commercial real estate for investment purposes is a decision that requires thoughtful evaluation of multiple factors. While residential properties offer steady rental demand and simpler management, commercial properties can provide higher income potential and diversification benefits. The choice ultimately hinges on your specific financial goals, risk tolerance, and market conditions. Before making a decision, conduct thorough research, analyze local market trends, and seek guidance from real estate professionals to maximize the potential of your investment venture.

Tathawade is a locality in the city of Pune, located in the western part of Maharashtra state in India. In recent years, Tathawade has emerged as a developing residential real estate market due to its proximity to major employment hubs, good connectivity to other parts of Pune, and availability of affordable housing options.

One of the major reasons for the growth of Tathawade's real estate market is its strategic location. Tathawade is located close to the Hinjewadi IT Park, which is one of the largest IT hubs in Pune, and is home to several multinational companies. The locality is also well-connected to other major employment hubs in the city, such as Baner, Aundh, and Wakad.

Another factor contributing to Tathawade's growth as a residential real estate market is the availability of affordable housing options. The locality offers a range of housing options, including apartments, villas, and plots, at prices that are relatively lower than other established residential areas in Pune.

Tathawade is also home to several educational institutions, including the prestigious Indian Institute of Science Education and Research (IISER), which has further contributed to the area's growth. The presence of quality education institutions has made Tathawade an attractive location for families with children.

Tathawade is also well-connected to other parts of Pune through major arterial roads such as the Mumbai-Pune Expressway and the Pune-Bangalore Highway. The locality is located around 20 kilometers from the Pune railway station and around 25 kilometers from the Pune airport.

The real estate market in Tathawade is expected to continue its growth trajectory in the coming years, as more and more people choose to invest in this area. However, as with any investment, potential investors should conduct thorough research and due diligence before making a purchase decision.

In conclusion, Tathawade's proximity to major employment hubs, availability of affordable housing options, quality education institutions and good connectivity to other parts of Pune have contributed to its growth as a developing residential real estate market.