Bremen chowk, Aundh is the best business location for anyone who wants to investment commercial real estate property. West Avenue by Raviraj realty gives this opportunity to invest in such the most sought-after business commercial location in Pune city.
On accounts of proximity to prime areas in the city and the smooth accessibility to Mumbai-Pune Highway, such areas have emerged as potential destinations for investment. For a potential investor, the suburbs of Pune have a plethora of finest properties. With the expansion and growth of such areas, the scope of a number of residential and commercial projects is likely to take a big leap in the days to come.
The realty developers for such peripheral locations go for the upgraded city planning blueprint that promises green cover, open spaces, civic infrastructure along with wide roads. This states that such locations do not face any threat of turning into clones of the inner city. As per experts, properties in Pune suburbs offers a much more healthier and satisfying lifestyle that meets the growing aspirations.
Going by the market news, Pune suburbs will bear witness to a number of residential real estate developments. A number of stunning townships have sprung up in west Pune, especially in Balewadi and Baner.1 and 2BHK garden flats, coupled with penthouses are common examples in such townships. Residential units in such areas are laced with exquisitely designed modular kitchens and room, state-of-the art designer apartments and unparalleled connectivity.
Home buyers in Pune are yearning to dwell near the city center for quite sometime now. With the saturation of prime city areas in the city and the advent of new lifestyles, outskirts of Pune city have gained significant prominence. More and more business professionals and locals are now embracing the life of less congested areas of the city-the outskirts.
Undri, Baner, Wakad, Dhanori and Wagholi are some of the peripheral locations in Pune, where demand for residential units have sprung up in the last few years. Traffic snarls, noise and air pollution have given enough reason for home buyers to divert their attention to the city outskirts.
Real estate growth in Pune, more or less revolve near the central areas of the city. However, lack of space and saturation has led the developers and investors alike to look for other alternatives. The city outskirts emerged as the most viable option for real estate investment in Pune.
The outskirts of Pune have a competitive advantage, as far as residential segment is concerned. The rates in the residential segment have increased by 25-30% and the market is likely to grow by 10-12% for the year 2014.
As per some key developers, the property market in Pune will witness renewed demand from the NRIs along with investors from its neighbouring city-Mumbai. Stagnation of the Mumbai property market and affordability of apartments in the city has done the trick for Pune’s real estate market.
Going by facts, the number of households in the city have increased by 44.75% till 2013. This indicates a strong housing demand in the city in the coming days. Things look positive for the property market and have started to shape-up in 2014.
I agree Mr Sid that the residential sales have slowed down in Pune but it is also a fact that they have remained healthy enough to sustain the viability of the city's real estate market.This is the reason why developers and builders in Pune continued to launch fresh residential projects in all budget categories
An attractive pricing has worked well for the property market of Pune. More than 250 projects are launched in Pune in 6 months where the average property rate stands at Rs 4600 per sq ft. The city of Peshwas is still an end-user market, thus pricing and location will be the deciding factors for a buyer in 2014.
Pune market has witnessed a lot of activity in 2013 and as per developers, the number of new launches in the city will rise in 2014. This indicates that the market was not hit by a slowdown. Experts are of the notion that the property market in Pune will maintain its momentum in 2014, against all odds.
The year 2013 has been quite mouthful for the property market of Pune. At a time, when the real estate markets in the country have been moving at a slow pace, Pune had grown in a matured steady market. In addition to it the year also witnessed listing of luxury landscape in Pune’s property market.
A number demand drivers have been at work behind the growth graph of the realty segment of Pune in 2013. With the economic outlook of the country turning brighter in the days to come, Pune is expected to witness more appreciation than Mumbai. This tags Pune as one of the most attractive markets in 2014 in the country.
Destination like Balewadi, HIngewadi, Wakad, Baner have a gained a good customer sight in the past few years. Due to that these areas have been flourished in a very short span. As these places are near the Pune's biggest IT park, thus professionals opt for such areas for their living. Definitely you can get a good amount in the near future by investing is such areas. A month back i visited a Project constructed by KBD Group in Baner called "Aurelia" , i was really impressed by their infrastructural development and the area in which the project is going on. You should peek into their project, just an advice.
Based on factors which influence real estate like services and manufacturing sectors and infrastructure development (rail network and road network), I feel destinations like Hinjewadi, Tathawade, Ravet and Wakad in Pune are the top investment destinations. The Pune real estate market is stable as per current date. Locations like Hinjewadi are faring mainly due to IT/ITes and Wakad due to the connectivity to expressway.
I would suggest invest in an apartment in Hadapsar, Wagholi and Magarpatta and you will get good price appreciation in few years.. Later, you can give the flat for rent and get good returns.. I have a flat in Magarpatta of about 1110 sqft and I am getting good offers from buyers .. The current scenario is good along with locality..
It has also been reported that even super luxury segment (Rs 4 crore and above) saw more supply in units in 2012, especially in the Eastern corridor including Koregaon Park, Kalyaninagar, Vimannagar and Boat Club Road.
The price appreciation of properties in Pune is going to be slightly high compared to last year. An average appreciation of 12-15% is forecasted for 2013. In 2012, average price rise for residential properties in Pune was 12%.
Out of total sales that was made in 2012, Kondhwa, Hinjewadi and Undri saw sales of 40%. However, number of new properties launched in Pune saw a drop.
Places like Baner, Wakad, Undri, Wagholi and Kharadi in Pune have shown good demand by the buyers and thus high price appreciation. Based on the survey done in 2012, it is hoped that 2013 will also be a positive year for Pune real estate.