Hello, I recently purchased a MHADA Flat in Pune after considering many factors linked to it. So, I believe I’ll be able to share some points to help you shape your opinion on are MHADA flats worth buying in Pune. Buying a MHADA flat has pros and cons, so weighing them will help you make an appropriate decision.
What are the Pros and Cons of Buying a MHADA Flat in Pune?
Here is a detailed pros and cons list to help you decide whether it’d be a good idea to buy a MHADA flat in Pune.
Advantages
MHADA flats are affordable when compared to other apartments.
MHADA flats also hold the capability to be sold at a greater price due to the units being present in the prime locations of the city.
The allotment process followed by MHADA is transparent and just. The units are assigned through the lottery system, with the lottery draws held publicly and results declared on the website.
MHADA also benefits home buyers through financial assistance. They run several schemes, providing home loans at a lower interest rate with easy repayment options and subsidies on loan amounts.
Flats under this scheme provide a way to improve the quality of life for eligible sections through a comprehensive housing scheme.
Disadvantages
You need to live in the flat for a minimum of five years before being eligible to sell the flat.
From the pros and cons list, I believe it’s worth buying a MHADA flat as the advantages outweigh the disadvantages. However, take all the precautionary steps, and get property due diligence and other things done to be sure of the property.
I hope this helps you make an informed decision about are MHADA flats worth buying in Pune.
Get the House of Your Dreams in Pune at Zero Brokerage Via NoBroker! Some related information:How to buy MHADA property?
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Authors Of The Question
Are MHADA Flats Worth Buying in Pune?
jitan
701 Views
1 Answers
3 months
2024-09-19T22:03:08+00:00 2024-09-19T22:03:11+00:00Comment
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