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.

Properties in Pune are Embracing Luxury and Modernism

Pune Real Estate at Makaan.com

The city of Pune, hitherto an under-developed space raked with only congested houses, has undergone a considerable transformation. The city that has got bungalows as legacy from ancient times, had no significant real estate constructions that could be called contemporary And forget about luxury. People here have been living in terribly closed-spaced  houses and they, over time, have become used to it. But with the proliferation of luxury houses that are laced with modern life style, people are now happily embracing the change. The rate at which luxury and ultra-luxury apartments are occupying the realty market shows that the preferences of buyers are undergoing a sea change.

Flats in Pune are coming in the form of skyscrapers that encompass high-styled homes, lush interiors, beautified exteriors, and all the mod-cons expected by a buyer. The demand for such constructions is escalating day by day. Developers too are now coming up with projects that offer open spaces and green covers. As the demand for such spaces is burgeoning day after day, the real estate in city has got a competitive edge. Th prices are soaring, especially in IT-driven localities like Wagholi, Wakad, Hinjewadi, and Baner. Information technology has significantly impacted the realty market. People with jobs in IT earn a handsome income and can afford to live in pricey apartments and villas.

A marvelous project by world-renowned architectural firm, Aedas, is going to add grandeur and style to residential properties in Pune. This ultra-luxury project, by Pharande Spaces, shall come up at Punavale. The integrated township in Pimpri-Chinchwad shall speak of comfort and luxury. Laced with high-quality fittings imported from other countries and comprising of amenities like club houses, swimming pools, tennis courts, restaurants wills set a benchmark for the futuristic projects. The city has geared itself for more of such integrated projects that shall be launched in the years to come.

Accretion of Prices for Flats in Pune

The erstwhile affordable city Pune seems to shed its tag, as is clear from the accretion of properties here. The city, better known for large IT firms and corporate culture, has started aping the other metropolitans in terms of price. To buy a 2 BHK flats in Pune now, you need to put in more money. Though the localities out there offer a number of flexible options in terms of affordability, the city is seeing a good appreciation of prices. Seeing the current inflation that has wrecked Indian economy, the demand for residential and commercial properties has dwindled. Still then, the prices in areas like Koregaon Park and Kharadi are touching crores.

For budget buyers, however, there are a few options. Localities like Wagholi, Hinjawadi, Talegaon are good for those buyers of flats in Pune who don't have substantial income to invest in high-segment properties. Take the case of Wagholi: the average per square feet rate here is Rs. 4349/-. You can buy a 2 BHK in the range falling between 30-40 lacs. At Talegaon, the rates are much lower. Flats with 2 rooms can be purchased in the range18 and 25 lacs. Hinjawadi, that caters to needs of buyers from different price brackets, has budget houses as low as 15 lacs, though the properties with higher prices too are available. The other budget options are Undri, Hinjawadi, and Wakad.

Talking about the needs of upper-middle and affluent class, Pune has a lot to offer to them too. A 2 BHK flat in Pune in the areas like Koregaon Park, Viman Nagar, Kothrud, Kharadi, and Mundhwa can cost you a crore or more. At Hinjewadi, Balwadi, Dhanori, Baner, and Vishrantwadi, the apartments fall in the price bracket 35-65 lacs. Pune's real estate is faring well this year, thanks to the never-ceasing demand.  The city sees a huge influx of population from other cities year after year, thus paving way for huge demand.

At Makaan.com, you can buy, rent, or sell flats in Pune, and other Indian cities. This real estate website offers plethora of options for properties, in terms of price, location, and type.