Erandwane becoming a hot property destination in Pune

Q: Seems to be like Erandwane is witnessing an upward trend in property market.

Rohit Marathi, Pune

28th February 2014

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Replies (2)

Hi Krish,
I want to add that its not the redevelopment that is taking place but since the builder is also providing more floor space with upgrated floor plans and modern amenities, this is also pushing the demand for rise in property prices. Also came to know that the property prices in the locality is ranging anywhere between Rs 10300-12500 per sq ft. This clearly indicates that the area had witnessed significant rise in property values in the past one year. The level of re-development activity has taken up the property rates by over 25-35 per cent per cent in the past two years.

Priyadarshini, Pune

28th February 2014

Comment

Hello,
Another point to be noted is the connectivity and infrastructure. With Pune airport located at 13 kms and Pune station located at just 7 kms and the locality is only 4 kms from heart of the city. The area is also well-connected to Sangamwadi road which further connects it to the Nagar Road and IT areas. Moreover the area also boosts about the well-equipped social infrastructure. From hospitals to schools to banks, the area offers all kind of facilities , hence Erandwane is becoming a popular property destination in west Pune.

Vatsa Suman, Pune

28th February 2014

Hi Rohit,
Yes the locality is increasingly becoming hyper active in recent times due to boom in the property market. Heard that it is one of the posh established locality in Pune. There are many factors like redevelopment, excellent connectivity and well planned infrastructure are pushing the growth of realty market to greater heights.

Pravakar Saxena, Pune

28th February 2014

Comment

Dear Pravakar,
As the locality is going through a high level of redevelopment activity which is further pushing the property value up. Demolition of old property has changed the outlook of the locality . Since the customers are looking for new developed projects, the builders have undertaken redevelopment from last couple of years.

Krishnendu, Pune

28th February 2014