Pune emerging as hot investment corridor

Q: Hey Did you hear that Pune is emerging as one of the hot property investment destination in recent times.

Saurav Mishra, Pune

7th February 2014

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Replies (4)

Wagholi has emerged as a preferred residential destination over the past two years or so, mainly due to the fact that property prices are more competitive here compared to other residential submarkets along Nagar Road, such as Kharadi, Viman Nagar and Kalyani Nagar. The availability of land at relatively lower prices makes the Wagholi sub-market affordable. Wagholi also offers easy accessibility to central Pune via the completed six-lane Nagar Road.

Vasantsh Shinde, Pune

13th October 2015

Comment

Hi All, I would like to know which localities is emerging property destinations in Pune real estate market? Recently I have shifted from Patna, suggest few project in the budget range from 30 to 40 lakhs.

Nikhil Kanetkar, Pune

12th October 2015

Comment

Hi Nikhil, I think you are going in right direction in search of property destination. as your budget is also quite reasonable that you get some good project in outskirts of Pune.According to me searching of property is based on few points that is:
1. Budget
2. Location
3. Distance from your offices.
Ya, it is quite difficult to select property based on your job location but in the private sector there is no certainty of jobs and job area. But anyway you have to decide your suitable location.

V. Victor,

12th October 2015

Hi Victor, you are right!! In past few years Pune has seen consistent appreciation, the average capital value is also get good appreciation rate due to reasons like infrastructure development, supply and absorption, the arrival of new IT offices/parks or their proximity to Pune's central business district etc.

david.m,

12th October 2015

@ Nikhil,
I would like to suggest few emerging localities where you find good project in current market with good capital appreciation:
1. Wagholi, Bakori
2. Pune-Mumbai Expressway - Punavale, Marunje Road, Mamurdi, Gahunje
3. Undri-Pisoli

V. Victor,

12th October 2015

Thanks you all, for providing me valuable information. Could you provide me price trends in this area? It would be great for me to clear my thought.
Thanks in advance.

Nikhil Kanetkar, Pune

12th October 2015

Hi Nikhil, few days back I came across one article where I see the price trends of few localities. But I am not very much aware of this price trends. Here is the price trends of few localities:

Wagholi: Rs. 3,500-4,500
Bakori: Rs. 2,900-3,400/sq.ft.
Marunje Road, Mamurdi: Rs. 4,700-5,200/sq.ft.
Punavale, Gahunje: Rs. 4,000-5,500/sq.ft.
Bhugaon: Rs. 4,500-5,800/sq.ft.
Pirangut: Rs. 2,700-3,300/sq.ft.
Pisoli: Rs. 3,400-4,400/sq.ft.
Undri: Rs. 3,800-5,500/sq.ft.
Mohammedwadi: Rs. 5,700-6,500/sq.ft.

bachu singh,

12th October 2015

Hi Nitesh,
Yeah you are right. Even the central districts of Pune have lost its old charm and glory due to pollution, depleting greenery, traffic jams, water and power scarcity, lack of proper infrastructure and unrealistic residential property rates.

Sunil Kulkarni, Pune

7th February 2014

Comment

Hi,
As a result, many residents are shifting their base to Pimpri- Chinchwad area which is relatively has less pollution and has more greenery belt under its cover. The growth of PCMC industrail belt in last couple of years have witnessed a huge increase in demand for residential property in this region.

Suraj Kalled, Pune

7th February 2014

Hi Saurav,
Due to rise in IT and ITES sectors, this has brought an unregulated development to the city. Though the property prices rose remarkably, the traditional living of the locals and the climate went for a toss in recent times.

Siddharth Rana, Pune

7th February 2014

Comment

Hey Sid,
Did you notice that due to ever growing population this had an severe impact on the infrastructure sector also. This has further put escalating pressure on land available resulting in forced extension of city limits. Initially localities like Hinjewadi and Kalyani Nagar witnessed good growth and price rise due to presence of many IT and ITES companies. But now even suburbs like Aundh, Baner and Pashan are getting a facelift due to many changes and developments taking place in recent times.

Nitesh Patil, Pune

7th February 2014