Pune has always been Mumbai’s affordable cousin. In the recent years though, homebuyers have felt that given the development in terms of infrastructure, jobs and housing, property prices in Pune are climbing. Demand and supply scenario in the city suggest that end-users are enquiring about property in the city and this may be a good time to buy if you are looking at discounts and price advantage. Pune is one of the most promising real estate markets in the country and reputed developers have cached in on the opportunity.
Property prices in Pune have climbed as data with Makaan.com suggest. Price growth over the last one year has been increased by 259 count while the rental yield is also healthy at 3.335392 percent. There are 10915 ready to move in projects for sale in Pune while 20697 are in various stages of construction. There are few new launches as well.
Top localities in Pune include Aundh where average property price is Rs 9,972 per sq ft, Kalyani Nagar with property values at Rs 11,259 per sq ft and Shaniwar Peth where prices are at Rs 10,765 per sq ft. These are areas where liveability quotient is rated at 9.7 and above on a scale of 10. This means that social infrastructure in the form of schools, colleges, hospitals, shopping complexes, hangouts, provision stores and such other conveniences are close at hand. Physical infrastructure such as connecting roads, commute and transport facility is also adequate in these areas which garners such a high liveability score.
If you are looking at an investment in apartment units, maximum properties are in the Rs 61-71 lakh budget range wherein there are 3,686 properties. Another 3,553 units are in the Rs 51-61 lakh price range and the next most popular budget range follows this with 2,996 properties in the Rs 34-43 lakh price range.
Looking out for villa developments? There are over 2,070 projects within this property type starting at Rs 9 lakh which could go up to Rs 25 crore. If you are looking at affordable villas, you could turn to Yavat, Saswad Road, Shirur, Manchar, Rajgurunagar, Ghodegaon, Chinchwad Station Road, Bakori Road etc. If you are ready to spend for a lavish lifestyle, Tingre Nagar, Aundh, Koregaon Park, Kalyani Nagar, Mundhwa, Dhayari, Boat Club Road, Kharadi are some of the locations with a lot of options.
Here are the top localities:
- In East Pune, Mundhwa has the maximum options when it comes to property for sale and rent.
- In Pune West, Hinjewadi, Baner and Bavdhan have most number of property listings while Baner, Hinjewadi and Kothrud are popular when it comes to the rental market.
- In Pune North, Dhanori, Chakan and Tingre Nagar have maximum property choices if you are looking at a property for sale or rent.
- Undri, Kondhwa and Dhayari are most popular in South Pune when it comes to rent or buy.
- Shastri Nagar and Keshav Nagar are other bankable locations with a lot of property options.
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