Is it worthwhile to invest in property in Pune currently, especially when the rupee is falling continuously?

Saurabh Kulkarni,

30th August 2013

Buying property in Bavdhan, Pune

advise

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Replies (2)

Hi Pravakar, Today I read a news in Economic times which says that builders are going to cut down property prices and or offer feebies to sell out the properties. But property prices have softened by 0.92 percent in Pune.

Siddharth Rana, Pune

2nd September 2013

Comment

Thanks Siddharth for your reply. You will agree that the builder lobby being so strong that they would avoid rate cuts, even if their flats dont sell for a while. The real estate prices have been soaring like crazy since Dec 2012.. a 2 BHK flat I saw in Jan 2013 at 56L costs about 69L now. :)

What do you think?

Saurabh Kulkarni,

2nd September 2013

Hi Saurabh, I do not think the rupee fall with harm the real estate industry so much. Yeah may be the property prices wont go up but it may remain stable. I feel this is the right time to invest in real estate market and after few years you may see appreciation.

Pravakar Saxena, Pune

2nd September 2013

Comment

I am planning to purchase a new property in Bavdhan area of Pune.. Considering the bad performance of Rupee, do you think it will impact the builders in reducing the cost? I am worried that once I buy one, the property rates will fall.. on the other hand, if I dont buy now, the property rates will anyway shoot up. I am dilemma!

Saurabh Kulkarni,

2nd September 2013

@Saurabh, I am also planning to invest in Wakad as I am an IT professional. But I am in dilemma. What i have understood is that the builders are ready to give discount of 1 percent to 2 percent if you are close to buy property. If you are buying a property for end use you should go and buy now only but if it is for investment purpose and you want to sell it of withing 5-6 months I would advice you to wait for sometime may be 4-5 months.

Sree Potamal, Bangalore

3rd September 2013