June 24

Ambegaon – Top reasons of a perfect place for home buyers

As Pune is the fastest sprawling city across the directions, Ambegaon is one such area which can’t be ignored to buy homes in. The reality market has been up - marketing this new area over the years to become a plush address of yours! As per real estate experts, this area is going to be Pune's most vibrant location over the next decade.

With prodigious growth & development of real estate market in Pune, located strategically amidst Katraj and Sinhagad Road, Ambegaon fits the bill.

Ambegaon Budruk earlier was on the outskirts of Pune’s city limits until 1999, after which it became one of the few areas to be incorporated within the Pune municipal limits. Ambegaon Budruk and Ambegaon Budruk Khurd both have been merged into Pune Municipal Corporation Limit (PMC). It is a rapidly growing area located towards the south of Pune. This makes it no longer as a city outskirts, but part of the PMC frontier.

Nowadays home buyers are looking for locations, which still offer a visual treat of calming nature which was a landmark of Pune back then, plus proximity of the place they reside in. And Amegaon is a perfect choice for this combination.

Here are top reasons of a perfect place for homebuyers to reside in Ambegaon:-

  1. The Bangalore bypass and Mumbai-Pune Expressway pass through Ambegaon. Which gives hassle-free connectivity to other suburbs like Katraj, Sinhagad Road, Narhe and Dhayari Phata, Bibwewadi, and so on. Its connectivity to Katraj, Swargate Bus Depot for State Transport buses makes travel easier.
  2. NH4, a major highway, connects to major cities like Sangli, Satara, Kolhapur and Mumbai. In no time you get quicker arrival to NH4 through Ambegaon.
  3. Ambegaon is well-connected to the inner city by road. Which easily is a connector to every alley & backstreet inside of the area for your everyday need.
  4. Apart from Bharati Vidyapeeth, there are colleges like Sinhgad School and Management Institute,Sinhgad Dental College, Rosary School and Junior College, Abhinav English Medium School, Zeal College, JSPM Narhe and so on. Hospitals like Bharti Hospital, Shwas Hospital, Jagtap Hospital, Mankar Hospital, Manas Hospital, Navale Hospital are also located in and around Ambegaon.
  5. For your household needs it also covers big supermarkets such as Star Bazar, D mart, and Reliance Fresh. Similarly, your entertainment needs are covered by close proximity to Fun time multiplex and Abhiruchi City Pride.
  6. Major banks like HDFC, State Bank of India, ICICI Bank, also have their branches in Ambegaon to satiate your commercial requirements.
June 24

Why buying a house is better than renting?

Owning a house is typically the dream of every individual. A home is one such thing that gives you great value for what it’s worth. For many people, it is always best to buy a house than to rent it & keep paying a hefty amount of rent which keeps increasing each year passing by.

Let’s throw light on, why it is always better to buy a house instead of rent

  1. Owning a home is an investment many people can understand. And is better than renting. Rent is the money you’ll never get back. You pay for a property you don’t own, and you don’t build equity. Ultimately, your money is building your landlord’s wealth and future, not your own.
  2. One of the top reasons why buying your home is better is the satisfaction you get knowing the property is yours to begin with. You’re free to choose what you make of it in whatever way you see fit. Having the personal freedom to do what you want with your home gives you the breathing space to plan and transform it into your dream house without having to worry about lease contracts, terms, extra fees, and other hidden costs associated with renting.
  3. You also never have to worry about rent increases or eviction notices. You can give your family better security knowing the home is yours. Renting costs increase every year, and with that, the percentage of evictions also increases in big cities. Having a home to your name gives you full control and helps give you and your family peace of mind.
  4. Compared to renting where you have no control over your next-door neighbours, other tenants, and even your landlord, the peace and privacy that owning your home offers is beyond price.
  5. If you’re thinking about buying your home, saving for the down payment is crucial. This actually helps motivate you to get your finances in order. You need the right discipline to create a budget and stick to it so you can save the money you need. Having your own property allows you to shift your focus from saving for next month’s rent to saving for your future — whether it’s for your child’s college, your retirement, or other long-term goals.
  6. No other asset builds your wealth more consistently than real estate, and the same goes for the home you own. Real estate properties have been known to appreciate or increase in value over time. Buying your own property and taking care of it for the long-term ensure its value will only increase over time. This is why you hear of celebrities growing their wealth even further by investing in high-value properties or other pieces of good real estate.
  7. You get an advantage with income tax if you own a house. You can avail of deduction under section 80C of the Income Tax Act for the principal amount repaid. The good news is that the tax benefit of interest paid on a home loan, for both the pre-construction and post-construction period can be claimed by you! Deduction for the interest paid on a home loan can be claimed under Section 24 of The Income Tax Act 1961. This significant savings from tax benefits can often make owning the same as, or cheaper than, renting.