Looking for an apartment within Rs 50 lakhs in Pune

Q: Where can I find an apartment within a budget of Rs 50 lakhs in Pune for investment purpose?

Samrat,

25th March 2014

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Replies (7)

Hi Samrat, With in the budget you mentioned that is 50 lac you can get apartment in Talegaon, Nigdi, Chakan, Urse, Wadgaon sides also. And the belt of this location is really too much developing now a days you will became double profitable if u invest now in this locations. And accordding to the lifestyle, Talegaon, nigdi, wadgaon are are with Big Talegaon MIDC and Wadgaon MIDC, too much big firms and compnies are there near Wadgaav. I will suggest you choose a apartment in Talegaon only.

Maya Roa, Apartment Resident, Chandigarh

27th March 2014

Comment

The suburban locations on the northern corridor such as Nigdi, Kalas, Tathawade and Dighi while Hinjewadi, Mulshi, Bavdhan, Wakad, Balewadi, Pirangut, Nanded and Pashan on the western belts are some of the upcoming hot spots in the city that are laced with an array of affordable residential units (priced below Rs 50 lakh).Affordability, with a coating of quality construction, coupled with a beautiful serenity has generated demand for such locations in Pune.

Pranab Malakar,

25th March 2014

Comment

Any other localities where housing units valuing less than Rs 50 lakhs?

Samrat,

25th March 2014

Comment

Apart from Wagholi, Charoli (situated in Pune North), has sufficed the demand for housing units valuing less than Rs 50 lakh, off late. This, creates a provision for the realtors to embark on the housing projects here. The proposed 170 km Ring Road, which will run via the Pimpri-Chinchwad, is eyed as one of the prime infrastructure projects, which will turn the tables for the real estate sector of the city.As per experts, property prices in Charoli are likely to witness a hike of 25-30 percent in 2014.

Veena K,

25th March 2014

Thanks Pranab, Can you provide me some information about the locality Ravet?

Samrat,

25th March 2014

Comment

Ravet is one of the upcoming residential area in Pune, Maharashtra India. It is one of the area where development is planned unlike other haphazard growth witnessed in other areas.

The area has close proximity to Mumbai-Pune Expressway, old NH 4 and Katraj-Dehu Road bypass. The easy access to the Hinjewadi IT hub and Pimpri-Chinchwad industrial belt is attracting many IT professionals and industrial workforce to this locality.

Vivek Kulkarni,

25th March 2014

What is the price trends going on in Wagholi and Ravet?

Samrat,

25th March 2014

Comment

The property values in Wagholi range from Rs 3800 to 4600 per sq ft.With a line of projects slated to be completed by 2016, Wagholi is expected to quench the demand for affordable housing units in the city. and the property values in Ravet range from Rs 3900 to Rs 6000 per sq. ft.

Pranab Malakar,

25th March 2014

With the budget of Rs 50 lakhs you will get a 2 bhk apartment in Wagholi. It is one of the preferred locality by the Pune developers because of its proximity to the IT hub and connectivity through the Pune Nagar Highway.

Veena K,

25th March 2014

Comment

This eastern part of the city has come under the radars of the developers with the growth of the commercial sector. Numerous IT giants have established their offices in the area, transforming the ‘then sleepy town’ to a ‘bustling hub’. With easy connectivity to prime growth corridors such as Kalyani Nagar, Koregaon Park, Viman Nagar, Nagar Road and Kharadi, Wagholi boasts of a number of advantages in regard to connectivity.

Pranab Malakar,

25th March 2014

Hey Sam You can look for areas like Ravet and some parts of Wagholi still offer property at affordable rates. Wagholi is one of the peripheral areas in Pune that is coming in the spot light due to various development projects focused here.

Vivek Kulkarni,

25th March 2014

Comment