Planning to buy a flat in Pune

Hadapsar, an eastern suburb of Pune, is primarily known for its two SEZs – SP Infocity (Fursungi IT Park) and Magarpatta city. This micro market has grown over the years providing employment opportunities to people in Pune as well as contributing to the city’s real estate market. There has been an increasing demand for residential real estate in recent times owing to multiple reasons. This trend is likely to continue this year as well.

The rate per sq ft values have gone from Rs 3400 to Rs 4300 in the last 24 months.

The presence of SEZs in the locality is one of the most important reasons for the real estate growth of the area. With IT firms coming in the area, demand for residential projects has gone up significantly. There are many big real estate projects such as Amanora and Magarpatta City that have come up in the vicinity. Some of the builders in the vicinity include Pragati Constructions, Gawade Buildcon, Nilesh Construction, Panchshil Realty and Chaitanya Developers.
The most common building configurations in the area are 2 BHK apartments. There are also 1 and 3 BHK apartments available. The size of a 1 BHK apartment varies between 550-750 sq.ft, whereas the size of a 2 BHK apartment varies between 850-1,150 sq.ft. A typical 3 BHK apartment will have a covered area of about 1,300 sq.ft or more.