Invest In Real Estate In Pune Outskirts And Benefit From Discounted Prices

Looking to invest in property in real estate Pune where you can reap good result? There are several places in real estate in Pune which will offer extremely good results in next 5 to 6 years. If you are looking to invest in Pune property with an investment purpose then you should look to buy property located on the outskirts of the city. In the last few years the prices of property in real estate Pune have almost doubled thanks to the rapid expansion of IT and ITEs companies.

The city which was once a retirement friendly area as is know one of the most popular real estate investment destination. Pune although has seen huge price appreciation but still it has various pockets where one can invest in affordable housing that too under Rs. 40 lakh. These locations are been touted as excellent place to invest in a property in real estate Pune.

Although some people will find that the infra facilities are not adequate at some of the outskirts one must not forget that as the city expands so will the facilities. Looking at this several well-known builders too are looking to develop Pune property on the city’s fringes. In the coming years as the demand of real estate in Pune will increase development will happen and this will fuel the prices of properties in this part of the city.

Currently Pune property on the outskirts of the city offers unparallel property prices however these prices will not remain subdued forever.  Many Puneiites who are looking to buy a second home are looking to invest here. While the peripheries in real estate in Pune are opening up as good investment avenue, there is no reason whatsoever why the overall infrastructure development would lag behind. So if you are looking to buy sometime in invest in real estate in Pune outskirts and benefit from discounted prices.

Huge Demand For Flats In Pune

Since Pune has become a huge opportunity hub many people are looking to invest in flats in Pune. The city has given a huge price appreciation on Pune property. Many owners have also put their house for rent so that their house is maintained and they are also able to earn good and stable monthly income. Over the years the demand for property in Pune, both in the residential as well as commercial sector has increased phenomenally. Investors have also taken notice of this trend and hence they are keenly looking to invest in the city.

Builders too looking at the increase in demand are also doing a number of new project launches offering flats in Pune. The demand of Pune property has increased ever since a number of IT and ITES companies opened up local offices here. Overnight the city became a huge employment hub and the price and demand of flats in Pune increased massively. People who were not able to afford to buy Pune property had to take house for rent. 

Over the last few years property in Pune have given the best returns. Buying a property over here is quiet affordable. If one compares the property prices of the city with property prices in other metro cities one will see that buying a property here is very much affordable. The city also offers property in various income groups’ people who have taken house for rent can also buy a property in Pune on the outskirts of the city or in an upcoming locality. The more affluent can buy Pune property in a well established locality. The HNIs and the rich can invest in luxury and ultra luxury flats in Pune which are situated in well-connected parts of the city. In short the city offers various real estate avenues to cater to every pocket.

Pune Property Infographics

Real Estate Pune driven high by IT

Pune Property at Makaan.com

Pune has been acting as a nerve center of India's most distinguished and top-notch IT/ITES companies from several decades. Concomitant to this growth, or say born out of this boom is another sector that has been prospering well and plodding positively on the graph: Real Estate. To accommodate the rapidly growing populace, residential property in Pune got bigger so much so that today, it is seen as one of the lucrative markets for both buyers and developers. The regular need for residential and commercial spaces has resulted in better consumption rates as compared to the other cities. So, the demand-supply imbalance and the stocks of vacant inventories are not the major problems here.

As the city is largely inhabited by students and professionals relocated from different parts of the country, the demand for Pune property is predisposed towards multistoryed apartments.  The commercial property in the city has predilection towards HNIs (High Net-worth Individuals) who are eying on long term investments. At present, the real estate is facing competition from metropolitan cities like Hyderabad, Bangalore, and Chennai. Yet, the presence of IT hubs like Hinjewadi, Koregaon, and Baner has given it a definite edge over them.

Hinjewadi is seen as the micro-market for real estate Pune and employs more than 70,000 IT professionals. Housing almost all the major IT giants and multi-million projects laid down by international companies, the locality is a preferred choice for buyers. The property rate this July stood at Rs. 5269/ sq. ft, a 40% appreciation from last year. Hadapsar, another locality that is home to IT parks and seeing huge price rates. Over last 12 months, the price rates increased by a whopping 41%, with average price rate of Rs. 5185 psf (per square feet). A still higher rate is noticed at Pimple Saudagar, a locality near Hinjewadi.

The highest India property rates in Pune are found in Koregaon, a high-profile commercial market. With the present rate of Rs. 10733/ sq. ft., the place is out of the reach for average buyers. The other localities where real estate is seeing a steady growth are suburbs like Kothrud, Wakad, Baner, Viman Nagar.

Makaan.com is a avant-garde property portal based in India. Over here, you can find ready-to-move-in houses, resale properties, and under-construction projects from principal builders, developers, and land owners. The user-friendly search tool lets us locate the properties on the basis of several parameters like money, amenities, and age of construction.

Pune Property: High on Demand

Real Estate at Makaan.com

Pune, one of the prominent Industrial hubs of Maharashtra, stands at sixth rank in terms of per capita income. This metropolitan city houses major software companies and is highly preferred by IT professionals from all over India who flock here every year, attracted by the high potential stored in for them. The availability of  quality infrastructure has rendered this city a popular investment place for real estate agents, developers, land owners, and buyers. The property investment is going great here and in the years to come, it is likely to see a consistent growth.

The analysis of Pune property, as performed over a time span of last 12 months indicates that the price per square feet of the land has gone up by about 11.5%. From a figure of Rs. 5000 psf in last July, the price has increased to Rs. 5773 psf. Though not a considerable change over a year, the values indicate that the prices are indeed quiet high. But that does not stop buyers to plunge in. This is true for all those buyers who are willing to pay hefty amounts to buy their dream houses in the city.

Property Pune, if seen in terms of demand for luxury houses and villas, scores quiet high in the localities like Hinjewadi, Wakad, Baner, and many others. The price index in Hinjewadi, as seen from January, 2013 to July, 2013, shows marked variations. While the psf value stood at Rs. 789 per square feet in the beginning of this year and remained constant throughout the month of January, a sharp rise to Rs. 4218 psf from February was noted. The value remained constant till June, 2013 after which there was a further rise to 5360. Hence, for a period of 6 months, the % rise in price index was a whopping 586%!!

The property rates in the other popular loacality, Baner, saw a change of about 20% over 12 months. On the similar lines, in Wakad too, a raise of about 19% was noted during this period. This clearly indicates that Pune residential property is high in terms of demand by upper-middle and elite class in these areas. This phenomena is seen as windfall by the developers who see it as an opportunity to procure profits.

The buyers keen to try their hand at Pune property should note that they are not going to see any wide difference in terms of investment if they seem skeptical whether to buy a residential property or hire it on rent. This is because, in either case, they are going to spend more or less the same, If, however, they want a permanent residence, buying would be a better option.

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