The pandemic has affected everything from how we work to the things we can freely do and the places we can visit. In such a challenging situation, the only thing that seems unaffected is the real estate in tier 1 and tier 1 cities in India such as Mumbai, Delhi, Pune, Bangalore, etc. Whether it is new property or resale, many people are looking to buy property in Pune and see a good investment opportunity. If you want to know whether 2021 is the right time to list a bungalow for sale in Pune, this blog will clear all of your doubts and help you make an informed decision.
Top Reasons & Pros of bungalow for sale in Pune
The real estate market runs on demand and supply. If the demand for a furnished bungalow for sale in Pune is high and supply is low, the prices tend to rise. On the other hand, if the supply is high, but the demand is low, the prices will drop. The property market in Pune is currently ripe for a perfect balance between demand as well as supply. Currently, prices of bungalow for sale in Pune are at a stage where it is attractive for buyers as well as sellers, and this is one of the significant bungalow for sale in Pune advantages in 2021
A. Demand is High
Despite the real estate market in Pune picking up pace, buyers are still looking for a favorable deal, such as buying a distress bungalow for sale in Pune at a lower price. The government of Maharashtra is also helping the buyers with lower taxes and attractive home loan interest rates, making it easier for buyers to invest in a luxury bungalow with Swimming pool for sale in Pune. The demand for luxury housing is still hot, and this is why it is the best time to sell a bungalow in Pune if you are worried about the real estate market crash in 2022.
B. Prices Are Peaking
The ideal mantra for when to cash in on investment is simple – you sell the investment when the prices are close to the peak! This is why property owners are putting an independent house for sale in Pune in the hope that it will get the best price. Some experts believe that the prices for bungalows in Pune might be peaking, and hence this is the most suitable time to list a bungalow for sale in Pune if you are the owner and need a good return on your real estate investment.
Cons of bungalow for sale in Pune
There aren’t many disadvantages if you are looking to sell your property in Pune in 2021, but when it comes to properties tied up with a bank loan, there is always some risk involved. If the property is not in a prime area, the price received for a distress bungalow for sale in Pune may not be top. There is no guarantee as to what will happen in the future. Despite the prices being at a peak currently, there is a possibility that the real estate market continues the boom run. One of the cons of bungalow for sale in Pune right now is that you may miss out on profits if the real estate market does not crash next year!