Which area is best for property investment in Pune.
Q: Hi, If you are planning to invest in Pune or you wish to buy a house in Pune then Kalyani Nagar, Aundh, Wakad, Baner, Wagholi, Charoli, Pimple Nilakh, Pimple Saudagar and Rahtani can be a best investment destination in Pune.
"Pune is a good place for real estate investment. Being an IT hub, Pune is rich in education and has a good climate. With so many good places, there are many good real estate developers in Pune who will help you to find a good property for investing, • Karia Developers, Kalyani Nagar • GPL Realty, Warje • Cappela Varsha Builders, Aundh • Pratham Group, Wakad • Tejas Builders, Baner • Wadhwani Constructions, Pimple Saudagar • G K Builders, Rahtani • Kolte Developers, Wagholi"
Good evening everybody!!! As per my knowledge, New Airport Road in Viman Nagar is identified as a potential location with an expected price appreciation of 63%, while Vishrantwadi is to witness a 55% growth appreciation.
Hi Krishnendu, You are right. But at the same time, Wakad is closest localities to Hinjewadi IT hub. Being the entry point of Pune, Wakad has witnessed improvement in infrastructure and facilities which has attracted investors to the area. Since the rental demand here has always remain high, majority of the buyers here are those who are looking to earn extra monthly income through rent. You can easily get a 2BHK apartment of 700-900 sq-ft in Rs.50 lacs and rent expected- up to Rs 25000/month with 1-1.5 lacs with security deposit.
I see real estate market is down and will not get up till 2019. I have checked some projects in kharadi builders are just helpless and retaining by booking few flats till next 2 years. For investor need to wait for 5 -7 years to get good returns otherwise no use investing in flat try other options.
In terms of investment currently the best locality in Pune is Sus. Located strategically on Bangalore-Mumbai highway, Sus places you in right in the midst of all the happening localities like Baner, Pashan, Aundh and Hinjewadi. All the IT Parks, commerce-zones, malls and multiplexes are based in based in the close radius of Sus. And above all the rates here are far lesser than other localities which makes it an excellent investment destination.
Hi, I have already 3 properties @ hadapsar and hinjewadi in Pune. I want to invest in some land for 3-5 years. My budget is up to 30 lacs. Can you suggest few areas please?
Few Developing area that I think it will give maximum capital gain in next 4 to 5 years are as follow:
1. Lohegaon
2. Gaon Ranjan
3. Talegaon Dabhade
4. Paud Road
5. Shikrapur
6. Satara RoadRavet
7. Pimpri Chinchwad
8. Dhanori Pune
Wakad is one of the most preferred residential localities in Pune for both sale as well as rent. Capital values in the locality have risen by more than 30% in the last two years. The current values range from Rs 5800 to 6500 per sq ft.
Pristine, Maple and Jalan are good builders and carrying good faith in Pune. But their few projects are delayed for possessions, not sure why. It has been observed that their few East Pune side projects are delayed by work. Example they have joint project as Neo City located at Wagholi Pune, buyers are waiting for possession from last 4 years. Neo City project was started in January 2011 and people are still waiting for phase 1, 2 and 3 possessions. Not only for these builders but to buy a new flat always check builders record of possessions and then only buy new flats, thank you. - Mrs. Kulkarni
@Vatsa,
Benefiting from the overflow demand from Wakad, as a result ,adjoining areas like Tathawade, Punawale, Ravet and Rahatani are gaining momentum with prices ranging between Rs 4000-5500/sq-ft. Compared to the staggering rate at which the property prices are rising, with such low welcoming prices, the western peripheral region has the potential for high appreciation in the near future.
Yes, and the residential property prices in Wakad currently range between Rs 5500-6000/sq-ft. It has seen annualized appreciation of 15-18% and continues to benefit from demand drivers such as good civic infrastructure and vast improvements in connectivity to the city's key pockets.
Well Vatsa,
We have also seen the growh of realty matket in Wakad. It has became the next investment location for mid-income housing on the city's Western periphery. Located in the highly-developed PCMC area, it has a host of positive market drivers to keep its real estate market sparkling. With proximity to the Mumbai-Pune Expressway and the thriving IT hub of Hinjewadi, as well as accessibility from the PCMC industrial area, Wakad now attracts a lot of young end users in the age group of 30-40. For this reason, it has become a new focus for property investors as well.
At the same time with an annual appreciation of approximately 20%, the property prices in Aundh are largely unachievable for the normal consumer. Currently, the prices are in the range of Rs 10000-12000/sq-ft. The area has a good secondary sales market, but the available options are in old buildings that offer no extra fuss or modern amenities. Prices on Aundh's re-sale market range between Rs 7500-8000/sq ft. This emphasize that Aundh has considerable address and continuing location value.
Aundh is by now a very well-established market and the reason is the supply of new projects is very low, with just a few developers active with premium segment offerings. This market has seen a high level of residential real estate development and consumption across categories. The options that remain in terms of new projects are less and largely focused on the high-end segment.
@Krishnendu, But Aundh's real estate market in both, residential and commercial segments, has maintained the excellent position among Pune suburbs for quite some time. Demand for properties in both categories witnessed an upswing when Punes IT boom began taking off in all enthusiasm and residential prices in Central Pune began increasing rapidly, leaving no scope for mid-income housing projects.
Right Krishnendu, The demand from IT and ITes-related office and residential spaces in the Western corridor was being fuelled constantly by the Hinjewadi IT Park and Aundh was the first area to benefit from it. Aundh enjoys a favorable location which catches the demand from Central Pune as well as the IT-driven demand for homes close to Hinjewadi. Due to its powerful placement in the Western corridor, its accessibility to various other hot pockets of the city and the presence of good civic and social infrastructure, Aundh continues to be one of the most sought-after locations for a majority of Puneites.
If you are planning to buy or invest in Pune then Kalyani Nagar can be the best locality. Kalyani Nagar has appear as one of the most famous and established commercial and residential real estate destinations on the Eastern Corridor of Pune. Its strategic location between Koregaon Park and Viman Nagar and its proximity to the airport, railway station and close connection to Kharadi and Hadapsar makes it an ideal destination for IT/ITeS companies. The Pune-Mumbai Expressway has been another major contributing factor.
Right Prabhakar,
The unstoppable tide of the IT and ITes-BPO sector has changed entirely the property outlook at Kalyani Nagar. High grade residential property options have sprung up all over. Among the mentioned localities, Kalyani Nagar's rate of development is the fastest than any other localities in Pune.