1 BHK in Wagholi, Pune

Q: Hi there,

I am planning to take 1BHK in Wagholi, Pune for investment purpose. So questions are

1.How much effective this area is going to be in future?
2.The builder name is Oxy Venkatesh. So what questions I can him more apart from previous projects which they have made in the city?
3.Should I consult property dealers which says "we are not going to take money from you....we are going to take money from builders"?
4.Any other suggestion before investing?

Any words will be helpful

Thanks in Advance

Sourabh Kosta, Pune

22nd November 2014

Investment Advice in Venkatesh Oxy Valley Phase 1, Wagholi, Pune

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Replies (3)

Before investing in any part of the India. You must see the current price trend of that locality, all the legal approvals, connectivity, infrastructural development in the locality, basic facilities such as schools, colleges, banks/ATMs, markets/malls etc.

Pravakar Saxena, Pune

24th November 2014

Comment

Apart from that some of the factors which Influencing like affordability, improving social infrastructure, civic amenities and the existing good educational institutions such as schools and engineering colleges are creating considerable interest from end users and investors in this location. Moreover, Wagholi is now scheduled for action within Pune Municipal limits, which means that water and electricity supply will be regulated.

Rohit Marathi, Pune

24th November 2014

Comment

Hi,
The area is seeing over demand from Kharadi, an IT hub of the city. Kharadi has almost reached to its fullness in terms of real estate development and offer property within the range of Rs 5700 to 6200/sq-ft, Wagholi comes as an affordable bet for those with limited budget with prices in the average range of Rs 43500/sq-ft. As for the metro, the decision is yet to come out.

Pravakar Saxena, Pune

24th November 2014

Comment

Further, you have to check whether the completed projects of the developer were on time or was there any issue, were all the approvals in place, compare the price with the locality price trend etc. This area has seen steady appreciation in property rates approximately 15-20% in yearly basis.

Rohit Marathi, Pune

24th November 2014

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