Hot localities in pune

Q: What are the localities which have seen the maximum price hike last year? will these localities see increase in price this year too?

Pravakar Saxena, Pune

27th February 2013

Locality Review in Pune

properties in pune

real estate in pune

pune real estate

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Replies (8)

Hi, I think Dhanori is one of those localities which is witnessing the number of upcoming projects in various budget range. It is close to some of the oldest localities of Pune such as Vishrantwadi and to Pune airport, making it one of the vacation home destination for celebrities from Mumbai.Residential real estate prices in Pune are expected to continue on their upward momentum owing to increasing input costs to the builders, coupled with increased investor demand from the peripheral areas of Pune and from the NRIs.

Vatsa Suman, Pune

15th July 2015

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Wakad is one of the best localities closest to Hinjewadi IT hub. Wakad has witnessed improvement in infrastructure and facilities which has attracted investors to the area. Since the rental demand here has always remain high, a majority of the buyers here are those who are looking to earn extra monthly income through the property.One can expect 22K to 25K per month while renting 2 BHK unit in this area.

Suraj Kalled, Pune

14th July 2015

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Pimple Saudagar being one of the developed localities of the city, the area faces water shortage in peak summers. Although, large societies have water storage tanks, sometimes residents have to compromise on their usage to meet their day-to-day needs. However, new developers are building large sized water tankers to meet the needs of rising population.Now a days price of this localities is high but in range of 50 lakh you can expect 1/2 BHK of size 700 to 750 sq ft project.Rental appreciation is good in this area and you can expect 20 to 22K.

Vinay Sharma, Pune

14th July 2015

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Thanks dear for updating me. I am new to Pune and this was my first trip for a flat search. I am working in Hinjewadi and recently moved from Mumbai.Can I get good project in between 45 to 50 lakh in Hinjewadi?Please guide me in this regards..

Wasim Mohammad, Pune

13th July 2015

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Hi Wasim, Being an IT-driven locality, Hinjewadi residential sectors are developed by Maharastra Industrial Development Corporation. Rental demand here remain highest across the city as lack of connectivity has forced buyers to settle here, in close proximity to Rajiv Gandhi Infotech Park.

Anup Soni, Pune

13th July 2015

Hi Wasim, In the range of 45 to 50 lakh you can get 2 BHK units of approx 900 sq ft area in these localities also the rental appreciation is nice in this location. You can expect approx 17K to 20K per month depending upon flat exact location and facilities.

Abhijit Pawar, Pune

13th July 2015

Hi All, Appreciate your response, but I want to know which is the best localities to invest in Pune?

Wasim Mohammad, Pune

13th July 2015

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Hi Wasim, Due to IT hubs and population migrated from Mumbai region, Pune has gained attention from real estate investors and buyers.In fact recently I heard that the global real estate tycoon, Donald Trump also bought a property in the city that caters to ultra-rich. On the other hand, Pune become one of the hottest property destination across India.

Anup Soni, Pune

13th July 2015

Hi Wasim, Realty market in Pune has changed from the past few years and there is no limit for rising this city as one of the most attractive destinations for investment. I think Wakad, Wagholi, Hadapsar, NIBM Road, Hinjewadi, Undri, Kondhwa, Singhad Road, Dhanori is a good option for investment point of view.

Abhijit Pawar, Pune

13th July 2015

I like a few of the ongoing projects while my search of property in this area:
1. Kolte Patil Life Republic
2. Sheth Beverly Hills
3. Paranjape Blue Ridge Phase 2
4. Kasturi Eon Homes

Chandra Kantraut, Pune

13th July 2015

I feel properties in Koregaon Park whether residential or commercial are much in demand now. New residential complexes especially high-rise buildings can be seen dotting the real estate chart of Koregaon Park.
The main reason for high demand of this locality is its proximity to the IT hub, Kalyani Nagar. Today, a residential property in Koregaon Park is sold anywhere between Rs. 16000-17000/sq.ft., depending on exact location and specifications.

Ashish Sharma, Mumbai

28th February 2013

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More and more buyers are interested in buying properties in Ambegaon which offers hilly surroundings and generous greenery, and the availability of land still permits construction of large township projects.In terms of real estate developments, Ambegaon stands at par with areas such as Bavdhan, Bhugaon, Wagholi, Kondhwa, Undri and Katraj.
Furthermore, the locality is in close vicinity with the Mumbai-Bangalore Bypass and the presence of NBN Sinhgad Technical Institute, schools and hospitals which makes it a prime location.
In the past two years, there has been price appreciation of 20-25%. The current residential rates at Ambegaon range from Rs 4,500 to 5,000 a sq ft.

Piyush Khoche, Pune

28th February 2013

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Hi Mr Saxena, you can invest in the eastern part of Pune which has localities like Viman Nagar, Kharadi, Wagholi, Magarpatta areas. These areas are experiencing good price appreciation because of long overdue infrastructure, which is finally falling into place. Also, there are many IT companies in close proximity along with a strong industrial belt and retail along the Pune Nagar Road which gives a good demand. The prices in these areas are expected to continue to see an upward trend in this year ahead.

Sunil Kulkarni, Pune

28th February 2013

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