Thanks for the information. Pune is the location where many new residential projects are introducing and people can thus book a flat here. Compared to Mumbai, Pune is costlier so people can make their choice.
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Hello Monica!!! Good evening all!!! Few developing area where you can look for investment purpose and get good capital appreciation are as follow: 1. Lohegaon 2. Gaon Ranjan 3. Talegaon Dabhade 4. Paud Road 5. Shikrapur 6. Satara RoadRavet 7. Pimpri Chinchwad 8. Dhanori
Hi, As far as location and infrastructure development is concrned, Yes, Wakad is one of the top investment destination in Pune, owing to the vast urbanization by the Pimpri-Chinchwad Municipal Corporation. Located under the PCMC, it is surrounded by the growing townships of Aundh and Pimple Nilakh to its west and east respectively and Thergaon and Mula River to its north and south. The Pimpri-Chinchwad Municipal Corporation has put in all the hard work and planning in completely transforming Wakad from a farming community to an industrial hub of the city.
As per my knowledge, New Airport Road in Viman Nagar is identified as a potential location with an expected price appreciation of 62-65%, while Vishrantwadi is to witness a 55% growth appreciation. But at the same time, Wakad is the closest locality to Hinjewadi IT Hub. Being the Entry point of Pune, Wakad has witnessed improvement in infrastructure and basic facilities which has attracted investors to the area.
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.
Hi, I think you should look at localities such as Hadapsar, Wagholi and Handewadi. These areas offer ready to move in units in the budget range of Rs 30 to 40 lakh.Wakad is one of the most preferred residential localities in Pune for both for sale as well as rent. Capital values in the locality have risen by more than 30% in the last 2 yrs. The current values range from Rs 5850-6600/sq ft.
HI Monica, 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.