Tag Archives: 2 bhk flat in pune for sale

Things that you should know about RERA

RERA has been set to change the paradigm of real estate industry. With the new alterations in the Regulation Act has in fact benefitted the real estate consumers beneficially. Along with it, the addition of GST has benefitted the Indian real estate market exponentially. With the hype and long-awaited modifications in act, budget homes and affordable housing will see rise of demand. Although the hype and news might seem complicated, the Act is pretty straight and convenient to understand. With the addition of GST link up in the current trend, budget homes are bound to take over the real estate market. Maha RERA has created a fright amongst many top builders in Pune.

Apart from budget home consumers, GST has set to ease the norms over the builders. With back-to-back duration of RERA and GST, the most common 1 and 2 BHK homes have eased on their land prices. Therefore, the center chooses to relax the land pricing and thus boost the market of budget homes. Apart from Pune, the prime locations of PCMC like Moshi, Chikhali and Dudulgaon have seen a drastic drop in pricing of apartment lands. The basic impact of GST and RERA has effectively neutralized the taxes in real estate sector. The following has been altered to release the dump of unwanted pile-on in the supply inventory of residential sector.

Following are the basic RERA rules that everybody will benefit from:

Developers have to incur own construction cost from laying the foundation to up to three floors.

Any change in layout plan in any of the buildings should be conveyed and approved from the customers. Therefore, if you need to change the plan of 1 BHK to 2 BHK, the customers will have the right to approve or disapprove over the same.

Whatever needs to be delivered, should be strictly mentioned in the agreement. Therefore, even the minor things that the developers or builders may feel is negligible cannot be ignored in the agreement.

Although most of the rules and regulations are favored for the consumers and affordable housing customers is what RERA has defined itself as, the boon and benefit for the developers and builders is the GST. With a right treatment and relaxation of tax proportion, the builders can effectively make good bargains in budget home projects.<

Till date, many builders have invested their profile in budget homes, however, the supply and more misfortune acts in real estate have still slowed down the pace for them. The RERA and GST impact aims to change the paradigm of affordable housing and real estate sector of Pune, Maharashtra and as a whole nationally. With this whole new perspective, real estate sector will see the best practices that are necessary for the consumers. The rise of this sector will in fact edge a new horizon of Indian economy as well. Therefore, although PCMC has always marked a developed twin city of Pune, with these new norms there will be more convenient and beneficial growth and satisfaction for both parties; the customers as well as the developers and the builders.

Real Estate Regulations Act [RERA] a boon to home buyers

The Real Estate Regulations Act was formed by the Parliament of India in May 2016. This much awaited Act was passed, mainly in the interest of home buyers. This move is expected to benefit the home buyers a lot. The rules stated under RERA apply for both real estate as well as commercial projects. But the million dollar question is, will it bring transparency in the system as expected?
Developers around the country have mixed reactions to RERA. Some of them are happy with the law while some of them are finding it difficult to survive. Aksha Group, one of the top builders with lot many new construction projects in Pune seemed to be very happy with the formation of RERA Act. Their Chairman, said that transparency in the real estate sector was very much needed. Developers like Aksha Group who have always been honest & transparent with their buyers are happy that the buyers will start trusting the developer more now. There is no scope of fraudulent acts anymore. Aksha Group has 1, 2 BHK flats in Moshi, Chikhali, Pune
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Let’s read through the some of the outstanding features in the statute


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Registration of projects:

Pre registration of the projects above 500 sq meters is compulsory. All the documentation has to be done before the registration process starts. The entire registration process will start only once the documentation is done. After approval from authority on documentation the developer will receive a registration number.

No Pre-Launch sale of projects :

Builders cannot go ahead and the launch the project without the registration number & approvals on registration. The sale of property before registration ie usually “PRE-LAUNCH” offer will be history now. This is definitely good news for buyers.

Sale of Projects on Carpet size area only:

Buyers usually get confused over what exactly is the carpet area of the house. Carpet Area is the net usable floor area of an apartment, excluding the area covered by the external walls, areas under services shafts, exclusive balcony or verandah area and exclusive open terrace area, but includes the area covered by the internal partition walls of the apartment.
This will get transparency to the buyers as they will exactly know what they are getting. They wouldn’t at least get confused with the Carpet Area being the Saleable Area.

Restriction on use of funds:

RERA has made it compulsory for the builders to deposit 70% of the amount received from the buyers in a separate account which will be used for that specific project only. This will ensure that the buyer’s money doesn’t get misused. In case the developer is short of finance for some part of the project he will have to approach financial institute himself.

Delay in possession:

Incase the builder fails to give possession before the specified date, the buyer has full right to withdraw his money from the project. The developer will give full refund along with interest. In case they still want to continue then the developer will give interest every month to the buyer till possession.

Penalty on false advertisements:

In case the developer doesn’t give facilities to the home buyers as per the advertisements given by him or the developer gives false promises & doesn’t comply to it then the home buyers can withdraw their amount and will also get it along with interest.

Insurance of Land & Construction:

As per the norms laid by RERA, it is compulsory for developers to get the insurance for the land title as well as the building insurance for the construction part. This cost will definitely be thrown in the buyer’s kitty. This clause still has to be made in the insurance companies as well.

Let’s hope RERA will bring in some positive changes in the system.

Benefits of purchasing a 2 BHK house

Living in a city like Pune and owing your own house is a proud feeling in itself. When people own a property they leave no opportunity to flaunt it. Project amenities, location are always a point of discussion. For a young couple to who has purchased the house with their hard earned money is like a dream come true. They call it a dream home.

Usually couples or smaller families go for 1 BHK homes keeping in mind their finances. That one bedroom, hall, kitchen and bathroom is perfect for small families or very few people like 3 friends staying in. But if there are more people living, then 2BHK is the only rescue. If finance is pretty sorted for you, then you should definitely consider a 2 BHK apartments with Aksha Group – one of the top builders in Pune who has comfortable 2 BHK apartments in nearly 7-8 projects of theirs.


2 BHK is preferred over 1 BHK, why ?

More Space: Purchasing a 2BHK than 1BHK definitely gives you more space. The total carpet area increases along with the added bedroom and Bathroom. You can also use this additional space to recreate and pick hobbies that you always wanted to. Create a gallery or library there, make it a dance room and groove to your favorites there.

Additonal Amenities: When you purchase a 2 BHK the developer always gives additional benefits to the 2BHK and 3 BHK owners. Like n extra parking space or more member reservation at the club house events or maybe a bigger balcony. It comes like a package, bigger the house, more are the amenities and comforts. Like at Aksha Group the builder has numerous 2BHK flats project in Dudalgoan and has given top line amenities like Amphitheater, Jogging track, Yoga and meditation hall, Gym, Party Lawn etc.

Perfect for Future: Whether you’re a married couple or single 2BHK will be a good option for you because the family will always grow in future with new relations. Also there is a possibility of family, guests and friends coming over. When finalizing upon the flat always keep the project location on a priority. When living with family, the house should have easy connectivity to important places of the city. In this regard, Aksha Group has all their projects in the central parts of the city like Moshi, Chikhali with has direct access to Spine road.

Resale value: We purchase a house with the intention of living in it forever and creating some amazing memories in there, but for any circumstances if you have to sell the house then 2BHK flats are easy to sale and chances are always high that there will be appreciation in the rates of the property.

Ready- to- move or Under Construction House, which one to select?

People wait to buy a house of their own for months and years. The happiness of finally staying in a house owned by him self just makes the person so happy. Moving into a new house can be very exciting but at the same time can be a tedious task. One has to contemplate and decide upon so many things before taking the final big step.

One crucial decision to be taken before buying a house is decide whether to purchase a ready – to – move house or book a house in a under construction site and wait till the project completes. This decision depends on ones urgency of the need. Let’s read below the advantages of both the options:

Advantage of buying an Under Construction Property

1. One gets maximum time benefit in making payments when the property is still under construction.
2. The price of such under construction projects is usually lower than ready possession house.
3. One can also modify the internal construction of the house as per personal choice.
4. There are many options in under construction property. One can compare, evaluate and then decide upon which one is more feasible.

Advantage of buying a ready –to- move house

1. The biggest benefit is that you buy exactly what you see. You can’t get carried away with false promises and eventually end up with nothing.
2. Immediately the house can be moved into without any delay
3. The money that goes in brokerage and rent can be saved and spent wisely in something else.
4. The neighborhood and facilities are not a mystery. You exactly know the people you will be staying amidst, the various facilities that will be provided and the surrounding locality.

Aksha Group is one of the top builders in Pune who also initiated the development in PCMC. At present they have many upcoming and ready possession projects there. Known to deliver quality in promised timeline, Aksha Group offers 1, 2 and 3 BHK flats in Pune across various locations like Moshi and Chikali. Precisely they have 1 bhk flat in Chikhali, 2 bhk flats in Moshi. Projects like Aksha Swapnalok and Aksha Amulaym are ready to move in and Aksha Vrundavan, Aksha Elegance and Aksha Vasant Park are still under construction. Aksha Group offers wide options to its buyers to select from. All these projects are built with the best quality material and under highly experienced team. To know more about their projects visit: www.akshagroup.com and their Facebook page: https://www.facebook.com/akshagrouppune?ref=hl

Necessity of the Era

They say home is not a place, it’s a feeling. Indians from ancestral times are in living in huge joint families, where the entire family eats together & spends major part of the day together. We are brought up with the feeling that, it’s not the place but the people that make your home. Even though some long for joint families still, the proportions of such interests are too small to take into considerations.

Over the years the development cycle has definitely got progressive changes like increase in employment, educational facilities, higher pay scale & better standard of living. This has led to the transition of cities to metro cities with ultra modern amenities. In search of these facilities a shift has taken place, people are moving out of their homes & families to avail this lifestyle. Joint families are declining & nuclear family has become the latest trend. This trend is catching up as people are building homes keeping in mind the lifestyle they want to live. The urge for this lifestyle has come with a cost. Cost of surviving in a small house & with fewer people.

In today’s era a working class person who dreams to have a house of his own will look for 1 BHK to start with. This 1 BHK will not accommodate more than 4 people. This could be his immediate family or close friends. Eventually the family size has decreased & so did the house size.

With all this frequently happening, the concept of affordable home has risen. Affordable home is specifically for low or moderate income groups. These income groups have to meet their basic living costs such as food, clothing, medical & transport expenses to survive in society. Affordable homes is for the median income group who live a moderately good lifestyle with the ups & downs of monetary issues.

Such affordable homes that are launched in Pune by Aksha Group, provide multiple options to different target audience. Aksha group works to provide 1, 2 and 3 BHK homes in Moshi, Chikali & PCMC area. These projects cater to audiences who are looking for affordable homes in prime locations of Pune . An individual who is longing to buy an affordable home with moderate amenities will definitely opt for these projects by Aksha Group. Proximity to modern city life & work place make these projects the most desired one.