Investing in real estate is different from any other type of investment. If you are gearing up to take the plunge, you need to know a few intricacies before investing in real estate. Before making your first purchase, you should have savings for retirement and cash left for future spending. Second, investing in real estate means you have enough time to manage the property. Third, you should have the tolerance to take the risk apart from having cash available for a down payment. If you fulfill all these criteria, you are ready to take the plunge.

Why is investing necessary? –

The investment allows you to grow your wealth over time. It gives you financial security for the future. The investment gives you the economic power to meet your financial goals like building emergency funds, purchasing a house, and savings for retirement plans, among others. Investment also reduces tax liabilities. Here are four habits that will help you meet your financial goals, including buying a dream home!

If you are building a strong emergency fund  –

When you build up an emergency fund worth 3 months’ expenses, then you are a step ahead towards your goal.

You end up each month with extra money –

After saving for an emergency fund, and paying bills, if you are left with enough money at the end of the month, you are ready for the financial future.

Ready to commit to some financial goals –

Before plunging into long-term benefits, delve into short-term goals like saving for vacation or wedding. Then, when you fulfil those goals, you are ready for more significant steps, i.e., long-term investment.

Access to a retirement plan –

If you invest in a retirement plan like the Public Provident Fund or invest in the National Pension System, you are financially ready.

When you practice these habits diligently, you are fully prepared to take the next step, i.e., investing in real estate.

Wondering where to invest? –

If you wish to buy  flats in Wakad, check out Bonheur residential property, a new launch project developed by Engineers Horizon. Spread across sprawling acres, Bonheur is an under-residential construction project offering 2 and 3 BHK homes in an affordable price range. The architectural beauty is the epitome of inspired designs providing the right ambiance for luxurious and contemporary living. Moreover, bonheur offers secure and peaceful urban living, from state-of-the-art security features to modern amenities; the project also offers seamless connectivity to job corridors. Check out 2 and 3 BHK flats in Bonheur which are ready for booking.

Saving for future security is not enough in today’s world. Idle cash in the bank account can be best utilized by investing. Popular investments in India are mutual funds, public provident funds, fixed deposits, and real estate investments for longer-term benefits. Investing seems daunting for many young investors, but once the process is allowed, it will grow over time due to interests and dividends. Here are 5 investment options where young investors can put their money for greater returns.

• Equity Mutual fund

Investing in shares and stocks of the companies. Usually  investment is made by fund houses in equity markets and shares the profit and losses according to the percentage of investment made by the stockholders.

• Debt Mutual fund

For steady return, debt mutual funds are apt as stockholders invest in fixed interest properties like corporate debt securities, money market instruments, corporate and government bonds, etc. Debt mutual funds fetch relatively high liquidity and offer reasonable safety.

• National Pension System

It’s a retirement-focused investment, which enables working professionals to invest in all sorts of investments, including equity, mutual funds, etc. At the time of the usual exit from the scheme, the investor gains returns depending on their investment percentage during that tenure. 

• RBI floating rate saving bonds

These bonds are issued by RBI, which is a 100% risk-free investment. The interest payment is biannual, i.e., January and July each year. Floating rate interest is subject to change, and the maturity term is 7 years, but a premature withdrawal option is available for senior citizens.

• Public Provident fund

Investing in a public provident fund is a risk-free investment, and the interest compounded for a tenure of 15 years. 

• Investment in real estate

If you plan to live in a place for more than 5 years, buying a home is better than renting. It’s a long-term investment that gives a better return in terms of passive income if you are renting it out. If you live in the property, you are building equity over time. 

Engineers Horizon has launched a premium residential project Bonheur in Wakad. If you want to invest in real estate, Bonheur in Wakad would be the right property for investment. 2 and 3 BHKs available in Bonheur come with a range of amenities suitable for the contemporary lifestyle. The project is strategically located in Wakad and is well-connected to the key spots of Wakad and the city. first-time

In today’s fast-paced life, we wish to have a home where we can avail the luxury of modern amenities, comforts, and good connectivity to civic amenities. Likewise, we want easy access to civic amenities that fulfil our daily needs. 

Excellent health care infrastructure  :

The presence of healthcare facilities near your home is vital for medical emergencies. Medical emergencies and a good healthcare facility near home also enable one to go for regular checkups and tests without rushing through traffic snarls. In addition, easy access to hospitals can save precious lives and avert complications due to delayed medical attention.

Presence of educational institutes : 

 The presence of good schools and colleges near home saves time as it becomes convenient for parents to drop their children off at school. Older children can walk to schools if the distance between school and home is shortened. Children will get ample time to indulge in after-school activities instead of wasting time commuting to faraway schools and colleges. Also, parents feel safe and are at peace if the schools are nearby.

Recreational facilities :

The presence of popular eateries, restaurants, hotels, malls, and movie theatres enhances the living experience. During leisure time, families can spend quality time with their loved ones. Nowadays, malls are the one-stop recreational hub where one can spend time in food courts, play zones, or watch movies besides shopping. 

Public transport  :

Access to public transport is necessary for quality living. In addition, accessing public transport within 10 minutes saves time and expenses.

An excellent social and civic infrastructure in and around the property is crucial as it ensures better returns and an improved lifestyle. Even any new infrastructural development announcement or launch can inflate the property value. A robust social infrastructure is indispensable for urban living. Good roads, drainage, water supply, public transport, a healthcare system, parks, recreational places, financial services, and educational institutions are essential for a civilized society. Real estate developers like Engineers Horizon are coming up with residential projects that are loaded with in-complex amenities and provide easy access to the well-developed infrastructure of the locality. Engineers Horizon has launched residential projects in Tathawade and Wakad, enjoying the benefits of improved connectivity and infrastructure. 

iOS in Tathawade- iOS in Tathawade is an under-construction residential project whose possession date will be January 2023. Conveniently located in Tathawade, iOS offers modern amenities and conveniences for an enhanced lifestyle. Also, Bonheur in Wakad reflects a blissful lifestyle with its state-of-the-art amenities and seamless connectivity to the daily essentials. If you search for 3 BHK flats in Tathawade, explore iOS, which offers spacious 3 BHK flats in Tathawade loaded with modern amenities and conveniences.

Recreational sports like shopping malls, movie theatres, or weekend destination spots near to home not only enhance quality living but allow one to break the monotony of the daily grind. Here is a slew of spots that are present in and around Wakad where you can unwind, relax and rejuvenate.

Leisure and Recreation –

Although shopping malls are the foundation of the retail economy, a building or building forms a complex of shops. Yet, they are the heart and soul of community living. In Wakad, many malls offer the perfect entertainment destination apart from just shopping destinations. One-stop entertainment hub where one can relax spends leisure time with family and friends apart from shopping. Some of the popular malls in Wakad are :

• Xion mall
• Westend mall
• City One mall 

Xion mall is within walking distance from Bonheur. The project is also close to regular groceries and marts for daily essentials.

Nearby Attractions –

1. Aga Khan Palace: Aga Khan Palace is one of the important landmarks of Pune, known for its architectural excellence as well as for its historical significance. Now, it is the headquarter of Gandhi National Memorial society. The mighty edifice of Pune is 25 minutes away from Wakad. A must-visit destination for a weekend or educational trip
2. Lal Mahal: Lal Mahal is one of the most famous historical monuments. Chatrapati Shivaji, the founder of the Maratha empire, spent his childhood in Lal Mahal. This monument of historical importance is 36 minutes away from Wakad via Aundh – Ravet BRTS Rd and NH60.

Nearby facilities and services –

Not only malls and theatres, but Wakad also enjoys good social and civic infrastructures like schools, colleges, and hospitals. Some of the reputed schools and hospitals are as follows.

• Aditya Memorial hospital
• Schools Akshara international school & Junior college
• Vidya Valley World School, Wakad CBSC
• Good Samaritan School
• Wisdom World School

Bonheur is a residential project developed by the Engineers Horizon group. The magnificent project is strategically located in Wakad, enjoying the robust civic infrastructure In Wakad. The project is connected to well-reputed schools in and around wakad and has easy access to key recreational spots like malls and weekend destination spots. The project offers 2 and 3 BHK homes whose possession starts from December 2023. 

Project Highlights –

Bonheur offers ample open space for recreational activities, a gymnasium, and a kids’ play area. It provides four tier-security to its residents with a multi-function electronic intercom security system, 100 % power backup for every common utility, CCTV monitoring, and video door phone for each apartment. If you are looking for an under construction 3 BHK flats in Wakad, check out 3 BHKs in Bonheur, which comes with modern amenities and conveniences in an affordable price range.