Call | Mail

Tag: Pune Redevelopment Projects

Categories
Blog

Real Estate Trends 2025 : What Homebuyers Should Know

Explore key real estate trends shaping Pune's property market in 2025. Insights for homebuyers, investors, and real estate enthusiasts

Pune’s real estate scene is abuzz with activity as we enter 2025. Whether you’re a new homebuyer, seasoned investor, or one eyeing a move to this exciting city, knowing the market trends currently can prove to be the key difference in your property choices.

The IT Hub Effect – Driving Residential Demand

Pune’s status as the IT capital of India keeps driving its real estate development. As top tech players grow their businesses and new start-ups prefer to set up shop in Pune, the need for superior housing along IT hubs such as Hinjewadi, Magarpatta, and Kalyani Nagar is on the rise. This trend will not slow down anytime soon, anticipate property prices in these tech-preferring neighborhoods to gain value consistently in 2025.

Young professionals are especially attracted to new-age apartments with intelligent home technology, co-working areas, and leisure amenities. Developers are taking notice by developing integrated townships with everything from gyms to cafes in the same complex.

Affordable Housing – The Game Changer

Pradhan Mantri Awas Yojana (PMAY) and initiatives by state governments have made middle-class families in Pune more reachable to the dream of homeownership. Regions such as Wagholi, Chakan, and Pirangut’s extension areas are seeing a rush of low-cost housing schemes between ₹30-50 lakhs.

What’s significant is that these aren’t simple basic accommodations, developers are adding contemporary amenities, adequate connectivity, and open spaces even to low-cost projects. This trend is transforming Pune’s periphery and generating new residential centers.

Infrastructure Development – The Connectivity Revolution

Pune’s infrastructure narrative in 2025 is all about improved connectivity. The long-awaited expansion of Pune Metro, upgraded highways, and the planned Pune-Mumbai hyperloop project are changing the way people think about various localities.

Areas previously labeled ‘too far’ are now emerging as viable investment prospects. Places along the metro corridor, particularly between Swargate and Pimpri-Chinchwad, are witnessing some fast price hikes. Intelligent investors already have their eyes on property around future metro stations.

Sustainable Living – Green is the New Gold

Green consciousness is no longer a buzzword in Pune’s real estate industry. Home buyers are aggressively looking for green properties with amenities such as rainwater harvesting, solar panels, and waste management.

Developers are answering back with LEED-certified apartments and green building architecture. Societies with organic farms, electric vehicle charging points, and power-saving designs are asking top dollar. This green living phenomenon will be the buzz in the luxury segment all through 2025.

The Co-living & Co-working Revolution

Young Pune is welcoming flexible living options. Co-living spaces providing fully furnished dwellings with common facilities are becoming a hit, particularly in hubs such as Koregaon Park, Viman Nagar, and Baner.

Likewise, multi-use developments fusing dwelling and commercial units are fashionable. These mixed-use developments are accommodating the work-from-home revolution along with offering rental returns for investors.

Investment Hotspots for 2025

Based on existing trends, these locations are the watch-outs:

  • Emerging Areas: Wagholi, Chakan, Talegaon are great value-for-money with new infrastructure developments on the anvil.
  • Established Markets: Hinjewadi Phase 2 & 3, Wakad, and Aundh continue to appreciate steadily because of their proximity to IT parks.
  • Luxury Segment: Koregaon Park, Model Colony, and Shivaji Nagar are still sought-after addresses with great resale value.

What This Means for You

If you’re looking to purchase in 2025, keep the following in mind: connectivity of the location, upcoming infrastructure developments, and the record of the developer. Investors need to look at rental yield possibilities in IT hubs and capital growth in upcoming zones for interesting opportunities.

It is all about balancing your current requirements with future prospects of growth. Pune’s property market has something for everyone from low-cost starter homes to high-end penthouses.

As Pune marches towards its status as a global city, its property market is still among India’s most lucrative investment horizons. Trends guiding 2025 paint a picture of a maturing, diversified market that’s full of potential for investors willing to jump on the bandwagon.

The trends are clear: smart, sustainable, affordable homes in emerging locations are set to define the future of real estate. And SK Fortune is already building that future today.

So, whether you’re stepping into your first home or making a smart investment move… Let SK Fortune be your trusted real estate partner in 2025 and beyond.

Categories
Blog

Key Factors to Consider Before Buying an Under-Construction Property in 2025

Things to keep in mind while buying under construction property in India - 2025

Purchasing a project under construction can be the best investment you’ve ever made, provided you do it with caution. With Pune’s housing market on fire and best builders in Pune coming out with promising upcoming projects, 2025 holds great promise for shrewd homebuyers. But the stakes are high, and a wrong move may cost you big time. SK Fortune Group, being one of the top real estate developers in Pune, has been shaping the city’s skyline with its high-end developments such as Fortune Prospero and Fortune Prima. Relying on experience of decades in the delivery of good quality homes, here is your ultimate guide to make the right choice while investing in under-construction property.

1. Developer’s Track Record – Your Safety Net

Your builder’s reputation is literally the foundation your new home stands on. Investigate their previous projects, delivery schedule, and customer satisfaction rates. Fortune Developers has time and again completed projects such as Chintamani, Himgauri, and Sterling within time, generating trust among Pune homebuyers.

What to inspect

  • Completion rates of previous projects

  • Construction quality in completed projects

  • Customer testimonials and feedback

  • Company financial stability

2. Legal Documentation – Your Safeguard Against Future Issues

Never settle for anything less than legal authentication. See that the developer has all the requisite approvals of municipal corporations, environmental, and RERA registration. Pune redevelopment builders such as SK Fortune developers keep all documentation transparent, assuring buyers of peace of mind.

Must-check documents

  • RERA registration certificate

  • Sanctioned building plans

  • Land title papers

  • Environmental clearances

  • Occupancy certificates of past projects

3. Location Analysis – The Golden Rule of Real Estate

Location decides everything from your daily commute to your property appreciation potential. New developments in Erandwane, projects under construction in Shivaji Nagar, and residential projects in Model Colony are well connected and provide lifestyle amenities.

Location factors to consider

  • Schools, hospitals, and shopping centers proximity

  • Connectivity through transportation

  • Infrastructure development plans for the future

  • Safety and environment of the neighborhood

4. Financial Planning – More than the Booking Price

Properties under construction need to be paid for in installments, and financial planning is, therefore, essential. Determine the total cost with registration, stamp duty, and other charges. Most upcoming residential projects in Pune have flexible payment schemes that minimize the financial load.

Financial factors to consider

  • Alignment of the payment schedule with your income

  • Pre-approved home loan status

  • Underlying charges and extra payments

  • Potential for price appreciation

5. Quality of Construction and Specifications

Don’t get carried away with glossy brochures, look deeper into building specifications. Luxury residential complexes in Pune such as Prashanti and PS Tower by SK Fortune Group employ top-notch materials and latest construction methods, withstanding the test of time and ensuring safety.

  • Quality check points

  • Design of foundation and structure

  • Specification of materials

  • Safety aspects and compliance

  • Energy-saving systems

6. Timeline Reliability – When Will You Get Your Keys?

Delayed possession can upset your whole life plan. Select developers who have a good track record of timely delivery. Fortune SK has always delivered projects such as Yashodhan and Sargam within committed time schedules.

7. Redevelopment Projects – Special Considerations

Redevelopment projects in Pune offer unique advantages but require additional scrutiny. Projects like redevelopment in Pune locations such as Prabhat Road and SB Road can offer premium locations at competitive prices.

  • Redevelopment-specific factors

  • Consent from all existing members

  • Temporary accommodation arrangements

  • Timeline for completion

  • Area calculation accuracy

8. Future Growth Potential

Consider the area’s development trajectory over the next 5-10 years. New upcoming projects in Pune in emerging areas often offer better appreciation potential than established locations.

  • Post-Purchase Tips – Stay Involved After You Book

Booking an under-construction property is just the beginning of your homeownership journey. To make sure everything stays on track, it’s important to stay engaged even after the paperwork is done.

  • Visit the Site Regularly

Make it a habit to visit the construction site every few months. Seeing the progress with your own eyes not only gives peace of mind but also keeps you updated on timelines and quality.

  • Keep in Touch with the Builder’s CRM Team

Maintain regular communication with the builder’s customer relationship team. They can provide key updates on construction milestones, delays (if any), and any approvals or changes that might affect your unit.

  • Join Community Groups

Look for WhatsApp or Telegram groups created for buyers in your project. These platforms often become a valuable space to exchange updates, share concerns, and stay informed with real-time feedback from fellow homeowners.

By staying involved, you ensure better transparency and can catch potential issues early, making your property journey smoother and stress-free.

Making the Right Choice with SK Fortune Group

When you invest in experienced developers like SK Fortune Developers, you’re not only purchasing a property, you’re placing your faith in a legacy of quality and trust. With hits like Garud House, Fortune Perfect, and current developments in various prime Pune locations, SK Fortune Group continues to raise the bar in the real estate market.

Don’t forget, purchasing an under-construction property is a marathon, not a sprint. Be patient, do your research well, and opt for a developer who shares your dreams with as much passion as you do. With proper planning and the right partner, your dream home is here to stay in Pune’s burgeoning real estate market.

Ready to view luxurious under-construction properties? Get in touch with SK Fortune Group today and learn why we’re the leading builder in Pune.

Categories
Blog

Legal and Financial Checklist for Society Redevelopment in Pune

Legal and Financial Checklist for Society Redevelopment in Pune

Redevelopment is a game-changer for old housing societies in Pune. With limited space and old infrastructure, redevelopment not only gives a new face but the chance to elevate lifestyles, enhance security, and add value to homes. But before your society makes the transition, having a clear legal and financial checklist isn’t only prudent… It’s mandatory.

Whether you are a managing committee member or a society member, knowing what to prepare, what to check for a builder, and what legal safeguards to take can make or break your redevelopment journey.

Let us deconstruct the Checklist for Housing Society Redevelopment in Pune, legally and financially.

1. Society Readiness: Begin with Internal Clarity

Before any legal process starts, society needs to be on the same page in vision. Redevelopment should not only be a builders’ proposal… Rather, it should be residents’ need-based and aspiration. Hold a general body meeting (GBM), take minutes of the same, and pass a resolution authorising the decision for redevelopment. Normally, a 51% consensus of society members is required according to Maharashtra Cooperative Society Act standards, though 70% is generally considered advisable.

Checklist

  • General Body Resolution

  • Member Consent Forms (signed, unit numbers, etc.)

  • Updated list of society members

2. Legal Documentation: Lay the Right Foundation

Strong legal documentation is the foundation of every successful redevelopment. Pune’s real estate scenario has changed with RERA regulations, and transparency is no longer a choice.

Must-have Legal Documents

  • Society Registration Certificate

  • Title Documents of Land (Original Sale Deed, Conveyance Deed, Property Card)

  • Development Agreement with Builder

  • Power of Attorney (POA)

  • Approved Plans & Commencement Certificate

  • Occupation Certificate (Post Completion)

  • Resolution Copies with Notarization

  • RERA Registration of the Redevelopment Project

You should also make sure that the builder acquires a No Objection Certificate (NOC) from concerned authorities, such as the fire department, environment authorities (where necessary), and municipal corporations.

3. Financial Audit: Check Your Society’s Current Status

Before leaping into any deal, carry out a professional financial audit of the finances of the society. This encompasses maintenance funds, pending member dues, and liabilities. A clear financial record enhances your negotiating capacity with builders.

Checklist

  • Financial statements of past 3 years

  • Auditor’s report

  • Breakup of the sinking and repair funds of the society

  • Member-wise outstanding dues

4. Builder Selection: Go Beyond the Gloss

Selecting the correct redevelopment partner is paramount. Seek Pune redevelopment builders who have a successful track record, RERA-approved projects, and a healthy balance sheet.

Don’t be afraid to ask hard questions…

  • How many redevelopment projects have they successfully completed?

  • What is their financial strength?

  • Will they offer temporary accommodation or rent during construction?

  • What amenities and carpet area will members get after redevelopment?

Pro Tip: An honest and transparent developer, such as SK Fortune Group, will be upfront in providing documents, timelines, and project designs, providing your society with confidence and peace of mind.

5. Financial Agreement & Compensation Clarity

The Development Agreement should clearly mention all financial terms. These are:

  • Corpus amount per member (if any)

  • Rent or cost of alternative accommodation

  • Shifting and relocation fees

  • Escalation clause (in case of delay in the project)

  • Payment schedules

Your society must also hire a legal advisor and architect to review the agreement and oversee progress.

6. RERA and Regulatory Compliance

Pune redevelopment projects need to be registered with MahaRERA. Verify that the chosen builder has completed this step and that the society’s project is registered with a unique RERA number. This adds legal transparency and offers protection to the homeowners under the RERA Act.

Quick Legal Checklist

  • Member Approval: Obtain a majority vote for redevelopment in a Special General Body Meeting.

  • Development Agreement: Prepare and sign a detailed agreement with the builder, project timelines, compensation to members, and builder requirements.

  • Legal Guidance: Hire legal and project management consultants to steer the process.

  • Tender Documents: Finalize and prepare tender documents, feasibility reports.

  • Permits and Approvals: Get required permits and approvals from the concerned authorities.

  • Power of Attorney: Complete and obtain a Power of Attorney from society to builder.

  • Registration: Register Power of Attorney and Development Agreement.

  • Section 79A: Comply with Section 79A of Maharashtra Cooperative Societies Act, which safeguards rights of society members.

Quick Financial Checklist

  • Feasibility Study: Demand a proper feasibility study to evaluate the cost of the project, the benefits, and possible risks.

  • Funding: Raise funds for the project through contributions from developers, society funds, or taking loans.

  • Security Deposit: Make the builder deposit a security deposit in the name of the society.

  • Financial Transparency: Keep clear financial accounts and see that all transactions are reported.

  • Compensation: Decide and settle reasonable compensation to society members, such as construction period rent and corpus.

  • Budgeting: Prepare a detailed project budget, such as construction expense, material expense, and administrative cost.

  • Payment Schedule: Make a payment schedule with the builder and pay in time.

  • Record Keeping: Keep proper records of all financial dealings, such as receipts, bills, and bank statements.

  • Auditing: Consider engaging an auditor to review the project’s finances.

Final Thoughts: Why This Checklist Matters

Society redevelopment is a one-time opportunity… Get it right, and you’ll transform your community for generations to come. At SK Fortune Group, we’ve helped numerous Pune societies navigate this transition smoothly with end-to-end support, be it documentation, design, execution, or post-completion services.

Remember, the strength of your redevelopment lies in your preparation. The more organised and informed your society is, the better your outcome will be…

Let’s build your society’s future, today.

If your society is planning redevelopment in Pune and you’re looking for the best redevelopment builder in Pune, connect with SK Fortune Group for a consultation that’s transparent, expert-led, and designed for you.

Categories
Blog

Renting vs Buying: Which Option Is Right for You?

should I rent or buy a home? Learn the pros and cons of buying and renting a home in Pune

If you are living in Pune or planning to move here soon, then one big question probably comes to your mind – should I rent or buy a home? It’s a common dilemma, and both options come with their pros and cons. But if you are seriously thinking long term, building equity, and creating a stable lifestyle, buying often edges out renting – especially in a fast-growing city like Pune.

Let’s break it down and help you make an informed decision – Renting Vs Buying Renting vs Buying: The Cost Perspective

At first glance, renting may seem more affordable than buying a home. No hefty down payments, no property tax, and fewer maintenance responsibilities. But let’s dig deeper.

When you compare the cost of renting vs buying in Pune, India, you will find that monthly rent can quickly eat into your savings without giving you any real return, On the other hand EMIs on a home loan might be slightly higher than your rent, but you are investing in an asset – something that belongs to you.

In 2025, the average rent for a 2 BHK in a decent locality in Pune can go up to Rs, 25,000 to Rs. 40,000 per month. That’s Rs. 3 to 5 lakhs annually – money that’s gone with no ownership in return. However, if you decide to buy a flat in Pune in 2025, that same amount could be channelled into an EMI, gradually building your ownership.

Long-Term Value and Stability

Renting gives you flexibility for sure, but what about stability? Buying a home gives you not only emotional satisfaction but also long-term security. You don’t have to worry about the landlord raising rent, changing lease terms, or asking you to vacate. You are the boss of your space.

With the city’s infrastructure rapidly developing, buying a home in Pune today means investing in your future. Property prices tend to appreciate, especially in prime locations or upcoming redevelopment projects in Pune.

Pune: A Smart City with Smart Investment Options

Nowadays , Pune has emerged as a top destination for both residential and commercial property investments. Thanks to a blend of IT hubs, educational institutions, industrial zones, and a thriving cultural scene, the city continues to attract professionals and families alike,

Moreover, Pune is witnessing a rise in luxury projects that offer premium living experiences, complete with modern amenities, smart layouts, and eco-conscious designs. These projects are not just homes – they are lifestyles.

Why Buying Makes More Sense in Pune Now

Here’s why buying a flat in Pune in 2025 could be one of the smartest decisions:

Affordability

Compared to metro cities like Mumbai and Bangalore, Pune still offers competitive property rates.

Growth Potential

With numerous redevelopment projects in Pune, older localities are getting a complete facelift, boosting their value and appeal.

Lifestyle

From malls and multiplexes to schools, hospitals, and IT parks – Pune provides a perfect mix of convenience and quality living.

Investment

Real estate in Pune has shown steady growth and appreciation. Whether you live in it or rent it out, your property becomes a valuable asset over time.

Choose a Trusted Builder

While deciding to buy a home is a big step, choosing the right builder makes all the difference. And that’s where SK Fortune Group comes in.

With a proven track record of delivering quality homes, SK Fortune Group is known for its thoughtful design, speed, trust, and customer-centric approach. Whether you’re looking for budget-friendly flats, premium homes, or luxury projects in Pune, SK Fortune Group has something for everyone.

The group is also actively contributing to the redevelopment projects in Pune, transforming ageing spaces into modern, vibrant communities. When you buy a home with SK Fortune Group, you are not just buying a property – you are securing peace of mind and a better future for you and your family.

Final Thoughts: Invest in Your Dreams, Not Just a Place to Stay

Renting may give you temporary convenience, but buying a home gives you long-term control, stability, and financial growth. And if you are planning to plant roots in a city as promising as Pune, now is the time to take the leap.

Explore the thoughtfully crafted home by SK Fortune Group – where quality meets comfort and future-ready living begins.

Because at the end of the day, it’s not just about where you stay – it’s about where you belong.

Call Now
Enquire Now