Plenty of New Apartments for sale at Baner, Pune
Looking to buy a brand new apartment in Pune? Then, Baner could be your dream destination! Baner, located about 10 km from the heart of Pune along its north-western fringe, has plenty of options available in new supply. As per data listed with CommonFloor, Baner accounts for more than 9 per cent of the total number of new apartments available for sale in the city. In actual numbers, this is more than the number of new apartment listings recorded in any other area in the city as per the latest updated figures.
Advantages
Baner is well connected to the heart of Pune as well as areas in the vicinity through the Baner Road. Besides, the NH-47 which passes through the locality connects it with areas on the eastern part of the city as well as other areas beyond the city. Some of the important landmarks in Baner are the Orchid School, International School of Corporate Management, National Institute of Construction Management and Research, National Insurance Academy, Metro hospital and the Baner-Pashan Biodiversity Park, among others. There are also many other important facilities like banks, religious institutions, shopping centers and restaurants, among others.
Realty Scenario and Developers
According to CommonFloor data, the most commonly seen new residential units here are 2 and 3 BHK apartments. While 3 BHK apartments constitute about 42 per cent of new apartments here, 2 BHK apartments constitute about 37 per cent. The value of 2 BHK apartments sized between 1000 sq. ft. and 1500 sq. ft. can be purchased anywhere between Rs 70 lakh to Rs 90 lakh. For 3 BHK apartments sized 1500 to 2000 sq. ft., prices range between Rs 90 lakh and Rs 1.5 crore. About 42 per cent of new apartments in Baner are priced between Rs 50 lakh and 1 crore while about 18 per cent are priced between Rs 1 and 1.5 crore.
Baner has many important residential pockets that include Ram Nagar, Laxman Nagar, Veerbhadra Nagar, Vasant Vihar and Samarth Colony, among others. Some of the important completed apartment projects in Baner are Vascon Eves Garden by Vascon Infrastructure, Nandan Prospera by Nandan Buildcon and Supreme Estado by Supreme Universal, among others. There are also many upcoming apartment projects in the area like Puranik Aldea Espanola by Puranik Builders, Rachana Bella Casa by Rachana Lifestyle and Skywards Riviera Valentina by Skywards Developers, among others.
As per CommonFloor price trends, the average price for apartments in Baner at the end of Q2 2014 was Rs 7350 per sq. ft. There has been an appreciation of about 11 per cent as compared to the corresponding period last year and about 7 per cent increase since the previous quarter (Q1 2014). The average rentals at the end of Q2 2014 is also at a healthy Rs 14 per sq. ft.
Future Prospects
Baner has the prospect of developing into a prominent residential destination with apartments available in different price ranges. Going by the present trend with regards to the availability of the maximum number of new apartments for sale in the city, the area is bound to develop further in terms of new apartment projects coming up in future. The availability of large parcels of developable land as well as the relatively affordable land prices are expected to be facilitating factors. The development in infrastructure in the area is also expected to propel the residential growth, particularly of apartments. End -users as well as investors are expected to benefit from investing in Baner.
