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Dear Visitor, We will soon share an update on Pashmina Projects launching at Pune. Thanks!

Buying Process

1 bhk flatWithout proper planning & approach buying a new home can become tedious and difficult. Not to mention the fact that you may end up paying either too much or buying something that does not quite meet all your requirements. At worst, you may lose the home that you always wanted or delay it infinitely longer.

Given that home buying is a financial, functional and emotional decision it is important to consider a wide range of options. Before you are ready to sign on the dotted line careful thinking and planning is required. Some of the important factors to consider would be:

  • What kind of home do you need?
  • What kind of home can you afford?
  • What are your current & future earnings?
  • What are your current & financial commitments?
  • Are you prepared to make a long-term financial commitment?
  • Would a long-term financial commitment make you vulnerable to emergencies?

If you have satisfactorily waded through the above points, it is then important to look for a small set of properties to choose from – all within your budget & meeting your requirements. Looking at multiple options gives you choice, broadens your awareness and helps you better evaluate your options.

Once you have some properties that you would like to consider buying, at that point you should start looking at the home loan options available. Either you will have a pre-approved option available with your banker; or approach one with an application. The builders can be of help in arrange for the required finance.

As the loan approval process gets underway, look at all the legal approvals and status of the project, builder and the property. Have a clear idea on what you are getting into – and feel free to question and query. Look at the fine print of the property contract and get yourself acquainted with all the important details. Take the help of a friend or independent professional to guide you through the process.

The idea is to ensure you know what you are getting into rather than waking up to unpleasant surprises. Payment schedules, occupancy details, customizations and most importantly your rights as an owner must be carefully perused and understood before the signing off.

The best way to find yourself a credible purchase experience is to approach and stick to a reputed developer. A reputed developer might quote a premium but this could be money well spent in the long run.

Purchasing a home is a big decision but the decision made with right thinking, planning and execution will make your stay that much more peaceful!