Pune property buyers 2 km drive can save you Rs 50 lakh.

Q: Why buyers do not mind compromising on the name tag of their locality that can save upto Rs 50 lakh on their property purchase?

Wasim Mohammad, Pune

5th December 2014

Real estate News in Pune

wanowrie

kondhwa

buy apartment in kondhwa

buy apartment in wanowrie

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buy house in wanowrie

buy property in kondwa

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Replies (6)

Both the localities are getting good connectivity from NIBM Road, Pervati Road and the Pune-Bangalore Highway. Social infrastructure such as schools, malls, banks, hospitals along the highway and NIBM Road can be easily reachable by residents of both the localities.

So, if you are looking for a property in the locality and would like to save money without compromising on facilities and infrastructure, buying in Kondhwa can be wise decision.

Sunil Kulkarni, Pune

5th December 2014

Comment

However, now, Kondhwa is witnessing better residential development with the presence of several gated communities and luxury properties. Here, buyers can find multi-storey apartments and few bungalows in the budget of Rs 1 crore and above. The size of apartments differ from 2000-2800 sq-ft while the houses are sized 2000-3500 sq-ft.

Vinay Sharma, Pune

5th December 2014

Comment

A broker firm explains that being close to the Cantonment and the Industrial Zone of Central Pune, Wanowrie entered early in the development cycle and developers also tracked it as a efficient area. Untill the process gets closer to the land bank fall the demand to the neighbouring locality Kondhwa.

Sunil Kulkarni, Pune

5th December 2014

Comment

Buyers can easily find property having 500-2500 sq-ft covered area in both the localities. While in Wanowrie these properties are priced between Rs 23 lakh to Rs 2 crore. It clearly indicates that in Kondhwa prices vary from Rs 17 lakh to Rs 1.5 crore both low and high ranges have a difference.

Vinay Sharma, Pune

5th December 2014

Comment

If they are compromising with name tag of their locality then can save Rs. 50 lacs. Property prices in Wanowrie range from Rs 4800-6000/sq-ft while in Kondhwa they differ from Rs 3600-4550/sq-ft. A comparative study shows that though there is a significant difference in the prices but still user rating for both the localities is close.

Sunil Kulkarni, Pune

5th December 2014

Comment

Yes, Wanowrie and Kondhwa are two localities of Pune which are just 2 kms away, but the difference in the average capital values among them is Rs 1200-1500/sq-ft. Both localities are part of the southern region of the city and are witnessing appreciable residential development. But buyers are not ready to compromise with the big name tag.

Vinay Sharma, Pune

5th December 2014

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