Y
Yash Goel
posted on 14 MayMy take on NRI Pune property buys
Honestly, I see many NRIs buying Pune property unseen. Everyone glorifies this but ignores ground realities. Is buying without visiting smart, especially with project delays and water issues in Mahalunge? Change my mind.
#nri-investment#pune-real-estate#property-investment#mahalunge#water-supply
Comments
But sometimes NRIs get early bird offers jo hum locals ko nahi milte. Plus, market conditions are good in Pune, especially for rental yield if it's a good location. My friend's brother bought a flat in Amanora Park Town last year without visiting, and he's getting good rent. It's about due diligence, no?
Due diligence toh zaroori hai, but how much can you do from another country? My friend's brother also thought he did enough for his Akurdi flat. Turned out the builder had a history of partial occupancy certificates. He's stuck now, can't even sell it easily. Amanora is established, but not every new project is like that. It's a huge gamble for
Bhai, you hit the nail on the head. My cousin invested in a project in Ambegaon Budruk sight unseen because 'investment opportunity' bola tha. Now, the project is stuck, and he's regretting it big time. The builder's reputation was good on paper, but ground reality is something else. How can you really trust brochures and virtual tours for such a big investment? I'm a first-time buyer and this stuff scares me.
Totally agree with this! My uncle also bought in Pune from abroad and abhi tak possession nahi mila hai. Builder bas dates pe dates de raha hai. Mahalunge mein toh water issue bahut common hai, right?
Before buying, always check the water supply NOC and future plans, especially for projects in developing areas. NRIs often miss these details.
Haan, Mahalunge mein pani ka problem hai yaar, especially summers mein. Our relatives live there, they faced tanker issues last year. Builder promises borewell and corporation water, but reality alag hoti hai. So, your uncle is right to be worried.
Honestly, I see many NRIs buying Pune property unseen. Everyone glorifies this but ignores ground realities. Is buying without visiting smart, especially with project delays and water issues in Mahalunge? Change my mind.