The Emerging Hotshots of Pune Realty

Pune Property at Makaan.com

For many people in North India, Hinjewadi and Pune are just synonyms; the reason being that every year, a high number of young professionals flock to this locality in search of white-collared jobs. As the locality has in incredibly high number if IT companies, it seems to be the only real estate destination to migrants. But this is far from true. Over years, Pune real estate has seen flourishing of several high-growth nodes such as Kharadi, Baner, Wagholi, and several others. The blog lists top 5 localities that can be best bets for seekers of properties in Pune.

1. Baner: One of the prime suburbs of Pune, Baner boasts of a well-developed IT sector. IT is a major residential hub and offers connectivity to Mumbai Pune Expressway. The average price per square feet (psf) rate for residential apartments in Baner varies in 6000-7000/-. The locality witnessed an appreciation of about 3.5 % if compared to the last quarter of 2013.

2. Wakad:  Another important destination for seekers of Pune properties is Wakad. Being close to Hinjewadi, a suburb laced with Info Tech Park, Wakad has seen considerable growth in last one decade. The locality underwent a marginal 0.9% of price appreciation in first quarter of 2014.

3. Viman Nagar: An important IT destination, Viman Nagar is known for its rapidly growing price rates of residential properties. In next 5-6 years, the price rates are expected to see a whopping increase of about 40%.

4. Kharadi: Better known for presence of EON Free Zone, Kharadi is another prime residential locality in Pune. It strategic proximity to Koregaon Park and Kalyani Nagar has awarded it with residential and commercial importance. During Jan-Mar, 2014, property prices increased by 2.5% over previous quarter.