Apartments are available in Pune east within Rs 10-15000

Q: Hey did you come to know that flats are available within a budget of Rs.10000-15000 in Pune East.

Siddharth Rana, Pune

25th February 2014

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Replies (3)

Hey Nitesh,
Another point to be taken into consideration is that the proximity to the IT hub is pushing the demand for rental accommodation in these localities. Young working professionals are looking for well furnished flats within small budget. Also these areas falling close to Pune airport and Pune station which are approx in a radius of 10-12 kms. Since the locality is also surrounded by defence quarters and army camps, this makes the area one of the safest residential localities in Pune which is mostly housed by small families, working bachelors and retirees.

Aarti Bal Pathak, Pune

25th February 2014

Comment

Hi,
So what are the reasons for the rentals to go up in these localities?? Is it due to some major developments taking place or else is it due to good connectivity??

Sneha Ambedkar, Pune

25th February 2014

Comment

HI,
Since places like Magarpatta and Viman Nagar are located within a distance of 10-15 kms, these localities offer excellent connectivity and good infrastructure facility. Besides these localities are also close to major highways like Mumbai-Pune Highway and Pune-Solapur Highway.

Nitesh Patil, Pune

25th February 2014

Hi Sid,
Yes even I came to know that flats are available for rent within a budget of Rs. 10000-15000 in Pune east. The main reason being good connectivity coupled with well equipped infrastructure are pushing the rentals rates to greater heights in Hadapsar, Magarpatta and Viman Nagar.

Deepti Baragur, Pune

25th February 2014

Comment

Hi Deepti,
It seems that average rental value of 1 BHK in Magarpatta and Viman Nagar was Rs. 17 per sqft where as one can have a furnished flat for Rs. 14 per sqft . In last 2 years rentals in places like Magarpatta, Viman Nagar and Vishrantwadi have gone up considerably.

Shweta Salunkhe, Pune

25th February 2014