Thank you guys for providing your valuable comments about the locality. It was of great help. Please provide me some good projects within a budget of Rs 85 to 90 lakhs.
If you are planning to invest then it is better to invest in Baner-Balawadi belt. In the coming year, it is expected that a 100% price appreciation can be expected for the properties along the Baner-Balewadi belt. Experts believe that the investments in the area will offer both – capital appreciation as well as good rentals.
In last few quarters, Baner has emerged as the new growth location for Pune’s real estate sector. Located off the Katraj-Dehu Road Bypass, by-passing Pune, Baner offers easy access to the IT/ITes hub of Pune- Hinjewadi. Close proximity to University of Pune, Law college, Shivaji Nagar, Pashan and Bavdhan, adds to its overall credentials. Excellent connectivity to Aundh road makes Baner a desirable choice for developers.
Proximity to Mumbai-Pune Expressway is one of the major reasons for the steady growth of the neighborhood. Baner is also connected to the Silicon Valley of India- Bangalore, via the Pune-Bangalore Highway. The proximity to organized retail and all kinds of commercial development from Baner is above average.
Property consultants confirm that Baner has a huge potential for growth since, Aundh is saturated and Balewadi is not properly developed. All such factors have triggered the growth of real estate in the locality and have made it one of the hottest property destinations in Pune.
A whole gamut of residential properties in Pune makes it one of the most preferred choices for developers and investors these days. The recent realty developments in Baner have made the locality one of the top guns in Pune’s property market. Baner suburb is an extension of Aundh and it is the hot choice among realtors these days. Residential apartments in Baner are selling like hot cakes, ranking it among the premium segments of property in the city
The rental value in Baner has gone up to 31 percent in last two years. According to a survey, 82 per cent of home-buyers consider investing and staying near their work place or an IT hub. This trend has pushed up the rental values of the properties in the area.
Another survey showed that the main demand was that of 1 and 2-BHK multi-storey apartments, usually available within the range Rs 5,000-10,000 per month. The proximity to railway station, airport and various IT hubs is attracting a lot of interest in the properties in the area.
Baner, close to Hinjewadi IT Park, has now become the favourite for IT professionals, which is the reason why it is getting the highest appreciation for high-end properties. Baner is well connected via Ganeshkhind Road. The people in Mumbai also prefer Baner for residential purposes as it also stays close to the highway.