Property Prices In Pune Promote Investment In The City

The property prices in Pune have gone up drastically in the last few years. More people are looking to invest in the city as there is huge demand for commercial and residential property in Pune. Builders of residential properties in Pune are happy with the ongoing trend. Unlike other cities of India the Pune residential property has seen stable demand. Affordable property prices in Pune have made the commercial and residential property in Pune an extremely attractive proposition for the buyers. 

Rentals of residential properties in Pune have also gone up in the last few years. This is another reason why people look to invest in Pune residential property. The setting up of IT parks has only fueled the demand of Pune residential property.  The city which was once known for its laid back attitude has now turned into a vibrant city thanks to the growing IT culture. More and youngsters are also now willing to shift to the city and buy residential properties in Pune. Things currently look very positive for this city as the investors are very optimistic about the city. Even at the current property prices in Pune people are looking to invest in the market.

Some credit for this trend should be given to real estate builders of property in Pune. Most of the builders are offering project deliveries on time as a result people are not hesitating to enter the market. There is high builder customer trust that has fueled the market of Pune residential property. This is another reason why many youngsters and first time home buyers are looking to buy residential properties in Pune. The city is known as an end-user friendly market as affordable property prices in Pune and timely possession of properties prove to be a boon for the real estate buyers.

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.

Self Sustainable Properties The Way Forward

Pune properties have been a popular choice of investment for second home for people living in Maharashtra. Property for sale in Pune has seen a rise due to rise in the number of working class in the city. The city is expanding at a whopping pace. The outskirts are seeing a rapid development due to presence of IT campuses. Whats more interesting to see is the fact that more people are interested to buy a property in Pune for sale in integrated township rather than investing in standalone building.

Pune properties in integrated township offer people the opportunity to walk to work. Property in Pune for sale in township has allowed people to slow down their fast face and breathe easily. Ample open space, and various facilities has allowed people to enjoy life. Properties Pune in self sustainable township not only enhance lifestyle but they also allow people to live a balanced life.  

Property in Pune for sale in such township offer all facilities life swimming pool, gym, sauna, tennis court, health care facilities, schools, 24- hour water and power supply, enhanced security under one roof. Although buying such properties Pune can prove to be a little expensive but they are worth every penny spent. Also in the long run they offer better ROI and rental income prospects. Several developers are keen to develop integrated societies as they seen a big appetite for it.

According to the latest data there has been an increased in the number of launches of such township in the last few years. And, people are also willing to pay a little extra in return of facilities and enhanced lifestyle. Properties in self sustainable townships can be bough in various price segments. Properties can be bought in mid-segment, budget segment, affordable segment, luxury segment as well as ultra-premium segment.

Architects Conferred With Unesco Award

Recently the Shri Sakhargad Niwasini Devi Temple complex  has been given the Unesco Asia-Pacific awards. The property in Pune has been awarded for conservation of the cultural heritage site. The complex has received the award after it was restored by the Pune-based Kimaya architects, which is headed by conservationist Kiran Kalamdani.

This award is Pune division's first UNESCO award. Fourteen projects from 10 different countries, like Afghanistan, New Zealand, Iran and Thailand were competing for the award. Kimaya architects were conferred with the award as they had spearheaded the temple complex restoration. This award is given to individuals and private organizations who have worked successfully in restoring and conserving heritage sites. The award aims at recognizing and appreciating private efforts to restore historic sites. The award aims to encourage people to undertake conservation projects to protect heritage structures.

The jury panel which include nine international conservation experts gave the award to Shri Sakhargad Niwasini Devi Temple, located in Kinhai Village, Pune in Maharashtra, after taking a look at the striking transformation the Pune Property. The property at Pune underwent remarkable transformation as this properties in Pune required some major repairs. Several analysis were done on the property at Pune so that the temple retains its original vibrancy. The award aims to highlight the hard work put in restoring a heritage site.

Apart from this properties in Pune awards of  merit were given to Exeter Farm in Australia; Wak Hai Cheng Bio in Singapore;  Frankton Boatshed, in New Zealand; Phraya Si Thammathirat Residence in Thailand.

Many structures were also given an honourable mention. These structure are Shahzada Hussain Mausoleum, in Afghanistan; Gali Surjan Singh in Pakistan; Rottnest Island World War II in Australia; Cape Inscription Lighthouse Keepers' Quarters, in Australia; Nanjing Yihe Mansions in China; De Driekleur in Indonesia and Esplanade House in Mumbai.

Pune Property Infographics

Inflation has not Plummeted the Demand of Residential Property in Pune

While the news of plummeting in demand has been coming from one state after the other, the realty market in Pune seems to drifting in the opposite direction. Over a month of last six months, residential property in Pune saw an influx of about 21%. With more than 400 projects having been launched during this period, and the sell-market going strong, it is clear that the property market is performing well enough. Though the number of inventories lying vacant/unused is around 20%, yet the demand is going steady. In micro-markets too, a good escalation in demand has been witnessed. The time is ripe for those buyers who are interested in investing on premium properties, as the number of such projects  rolled out recently is pretty high.

As far as land for sale in Pune are concerned, the rates vary from one micro-market to the other. The localities where the average per square feet rate lies within the range Rs. 2000-4000/- include Dehu Road, Fursungi Gaon, Manjri, New Sanghvi, Talegaon, Chakan, Moshi, and Mohammadwadi. In areas like Viman nagar, Wakad, Lullanagar, Kharadi, Hadapsar, Hinjewadi, Pimpri Chinchwad, Singad Road, Vishrantwadi, Warje, Chinchwad, Katraj, Chikhali, and, Wakad, you can expect the higher range: Rs. 4000-7000/ sq. ft.

If one is on the hunt for premium residential property in Pune, localities including Erandwane, Balwadi, Bibwewadi, Koregaon Park, Magarpatta, Shankarseth Road, Baner, Kothrud, Kavre Nagar, and Shivaji Nagar can offer you a lot of options. The real estate prices in Pune, specially in Shivaji Nagar, Karve Nagar, Kothrud, and Koregaon can cost as high as Rs. 12000-13000/ sq. ft.

It's Pune's excellent backing by infrastructure, better connectivity, and several upcoming developmental projects that the realty market has not really fallen prey to the current recession and inflation in prices. As the economy here is still standing on its own feet, there are a  number of options available to both a buyer as well as an investor.

Buy, rent or sell residential property in Pune and other Indian cities over real estate portal, Makaan.com. The India property websites offer an intelligent way of going a map-based and list-based search, and allowing the users to get selective results.

Properties in Pune are becoming popular as investment destinations

Makaan.com

Buying a property in Pune as investment could fetch good returns in the coming years. With new development projects coming up in this city, real estate experts opine that it has become a hot destination for real estate investors who are interested in buying potential Pune property. Moreover, investors feel that buying a property cheap and selling it high is always a good investment. But to be able to do that in today’s property market, one should search and spot a potential property, and know the real estate market very well.

According to reports, in 2012, Pune real estate market performed well and property prices surged. So, investors are also hoping that buying properties in Pune could be a wise decision for future.

A good real estate investor would leave no stone unturned to find a property in Pune worth having a good value. Apart from approaching real estate agents, a smart investor browses various real estate websites to identify the right markets and potential of any property. The critical points that they consider while evaluating the potentiality of a property are:

• Existing infra projects

• Upcoming new infrastructure initiatives

• Social infrastructure

• Price trends

Because of the above mentioned aspects Pune has emerged to be as one of the top residential and commercial property investment destination.

With the upcoming infra projects in Pune, there will be massive job creation which will further fuel the price of Pune property. According to experts, job creation is one of the significant factors that will trigger the demand of the residential properties in Pune. So, realizing these potentialities investors are in a rush to buy properties in Pune.

Investors, today, have become much dependent on property websites while buying or selling properties. Reason? Real estate websites help investors to collect information related to Pune real estate and Pune property rates so that can take well informed decision while buying or selling. The sites offer comprehensive details related to properties in Pune and also help them in keeping updated on real estate news. It helps investors to find and spot hot property market in Pune especially about areas like Wagholi, Baner, Kharadi and Undri where there are upcoming changes.

The property sites are advantageous to search commercial, residential and resale properties in Pune that are offered at discounted rates. The best option made available is to filter properties according to location and budget, and compare the prices and amenities of the luxury properties in Pune.