What To Look While Investing In Pune Residential Property

Buying Pune residential property is a tedious task due to high real estate rates in Pune. Many people are looking to buy Kharadi flats and Moshi property but high property rates in Pune are preventing people to buy property. However, if one is trying to buy a Pune residential property like Kharadi flats and Moshi property for self occupation then its best not to wait for the market to correct. One should always try to strike a bargain in Pune properties resale market.

While it is true that property rates in Pune have remained sluggish in the past few years, but still one can still look for pockets of land like property in Kharadi and flats in Moshi that are affordable.  Pune properties resale may also fit the budget requirements. Real estate developer may also offer deals on property in Kharadi and flats in Moshi if one chooses to invest at the launch or pre-launch stage of a project.

Real estate rates in Pune are discouraging buyer to enter the Pune residential property market. Property for sale in Pune has now become so expensive that people are unable to afford a flat here even after taking a loan. And therefore even though home loan rates have come down alot in the last few months no much movement has been seen in the property for sale in Pune.
If one is looking to invest in Property for sale in Pune then one should invest in areas that offers plenty of job creation opportunities. If there is an industrial corridor nearby then it would be an added plus as it would help in growth of demand of the property. One should look at 5-7 year investment horizon for any investment into a property for sale in Pune to reap all the benifits of the investment.

Residential Properties In Pune a Good Investment Option

Pune Property at Makaan.com

Many people have invested in residential properties in Pune like Ulwe flats for sale due to rapid development in the area. Property rates in Pune are still quiet affordable and therefore many investors choose to invest here. Pune residential property like flats in Ulwe have sold like hotcakes in the last few months after the country saw an economic revival. Both end-users as well as investors find residential properties in Pune like Ulwe flats for sale a lucrative investment option. Time and again it has been proved that the city is at par or even better than most of the other metropolitan cities of India. 

Unlike other cities Pune has alot of green areas also the city is much better planned infrastructure wise. If one is buying a Pune residential property to earn a rental income then its an excellent though. Property rates in Pune are not very high yet one can earn a handsome rental income. This makes residential properties in Pune an excellent revenue earning option. 

Also with rapid infrastructure development like development of new international airport, new highways, roads, flyovers, etc. the demand of Pune residential property like flats in Ulwe has increased by several folds. But inspite of this the property rates in Pune are very much stable as there is no demand and supply mismatch. However the builders do have unsold inventories but with investors regaining confidence in the real estate market it is very much likely that the unsold inventory will get absorbed very soon. The city is also witnessing a good demand of luxury residential properties in Pune as well as integrated societies. It is expected that the city will soon see an escalation in the property rates in Pune as the demand of Pune residential property is only expected to rise in the future.

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.