Developments along Boat Club Road, Pune
The Boat Club Road is one of the major roads in Pune, well-known for its extravagant real estate prices. It lies in close proximity to Koregaon and Kalyani Nagar, which are two of the deluxe localities in the city.
Connectivity
The region along the Boat Club Road is well connected with the major localities of Pune, especially with the posh residential and commercial areas. Boat Club Road joins with the Bund Garden Road and Dhole Patil Road,which is home to some of the best eateries in the city.
While the Airport at Lohegaon is located at a distance of about 8km from the locality, the Pune Railway Station lies in proximity to the Boat Club Road, at a distance of about 2.2 km.
Social Infrastructure
The regions around the Boat Club Road have easy accessibility to a number ofreputed schools, colleges and famous eateries in the city. Some of the educational institutes in proximity include Wadia College, JN Petit Technical High School and St. Meera College.
Residential Projects
The locality is famous for its splendid residential projects, that offer a luxurious lifestyle with state of the art amenities and facilities. Famous builders and developers like Marvel Realtors and Developers, Mudhuban Builders and Mahindra Lifespace Developers have launched their residential projects in the area, which boast of a world-class infrastructure, marked with grandeur and splendor.
Some of the 4BHK residential projects in the area are Marvel Mystique, Marvel Coronet, Marvel Grandeur and Marvel Imperial by Marvel Realtors and Developers, Skylon Tower and Silver Leaf by Madhuban Builders. Marvel Ribera by Marvel Realtors and Developers, offer 5BHK apartments in addition to the 4BHK flats.
Size and price of apartments
The size of 1BHK apartments in Boat Club Road varies from 490-550 sq.ft, and the price ranges between 55 lacs to 70 lacs. The sizes of 2 and 3 BHK apartments range from 1000-1100sq.ft and 1500-2000 sq.ft., respectively. The sale price of a 2BHK ranges from 90 lacs to 1.5 crores and the same ranges between 2- 2.90 crore for a 3BHK apartment in the region. A number of projects in the area offer 4 and 5 BHK apartments too, whose sizes vary from 2600 – 3000 sq.ft and 4800- 5500 sq.ft, respectively. While the price of a 4 BHK apartment in Boat Club Road varies from 3.50 crores to 4.50 crores, a 5BHK apartment’s price may go as high as about 8.8 crores.
Rental values of apartments vary from Rs.16000 to Rs.22000 for a 1BHK apartment and from Rs.25000-35000, for a 2BHK apartment, per month. A 3BHK apartment’s rental value ranges about Rs. 50000- Rs.55000 per month, while a 4BHK is offered at a range of Rs.1.2 lacs to 1.5 lacs, per month.
Price Trends
At present, multi-storey apartments are sold at an average price of about Rs.14,700/sq.ft., The rental value of multistory apartment is about Rs.30/sq.ft.
The area witnessed an appreciation of about 6.5% in the sale price of multi-storey apartments, during the second quarter of 2013, when compared with the first quarter of the same year. While the sale price of multistory apartments during the first quarter of 2013 was about Rs.13,700/sq.ft., the same rose to about Rs. 14,700/sq.ft., during its second quarter.
However, the rental values of multistory apartments showed a depreciation during the second quarter of 2013, when compared with the last three quarters of 2012 and the first quarter of 2013. During Jan-March 2013, the area saw the rental values going as high as about Rs.32/sq.ft. However, during the next quarter, that is, Apr-June 2013, they fell to about Rs.30/sq.ft.
