Property at Pune: Three High Growth Corridors

Pune Property at Makaan.com

Pune, an important commercial center of Maharashtra, has grown in elephantine proportions as far as its reality market is concerned. From a rustic land without any socio-economic development, the city has transformed itself into an important realty hub. The progress has been brought about by several factors like popping in by software sector and emergence of a multitude of several IT/ITeS parks across its several localities. Improved connectivity, improved physical infrastructure, generation of employment opportunities are the other factors that have helped in transforming market for sell property at Pune. Let's have a look over some of the high growth corridors that this city has.

Viman Nagar: An expensive locality to buy a residential property in Pune. Forming the eastern corridors of the city, Viman Nagar has strategic advantage of being located close to several IT parks like Weikield IT Park, EON, and Espace IT Park. A 2 BHK residential property is available in the flexible price bracket: 30 lakh-2 crore. The average psf value prevalent over this locality is around 7100/-.

Kharadi: A fast pace developing locality, Kharadi is a preferential area for seekers of residential property in Pune. Kharadi is popular for the presence of EON Free Zone SEZ. It is well connected to other suburbs like Kalyani Nagar and Koregaon park. The price segment prevalent for a 2 BHK flat here is 25 lakh-1.8 crore. Average psf rate in last quarter of 2013 stood at around Rs. 5700/-.

Wakad: Located in Pimpri-Cinchwad, Wakad has done tremendous development over years. One can find some of the most developed residential properties in Pune over Wakad. A 2-room apartment is available in the comfortable 15-90 lakh price segment. The psf rate during Oct-Dec, 2013 stood at around Rs. 5000/-.

Look for property sites in India to have more information about these localities.

Major Growth Factors for Properties in Ghaziabad

Property in Ghaziabad at Makaan.com

One of the fastest growing cities of Uttar Pradesh, Ghaziabad 's realty graph has been quiet promising. The rapid rate of residential and commercial developments, emergence of integrated townships, and improved connectivity enthused city's real estate segment. Today, it stands as one of the best alternative options for seekers of properties in Delhi NCR.

Some of the prime localities where buyers can make a search for property in Ghaziabad are Crossing Republik, Indirapuram, Vaishali, Raj Nagar Extension, and Kaushambi. Rapid industrialization and well-planned development have worked in favor of city's real estate so much so that today, it has become a coveted destinations for realty investment. The presence of huge land parcels, affordable pricing, and improved connectivity have gone very well with realty market.

Indirapuram, a preferential locality for seeking Ghaziabad properties, is conveniently located on National Highway-24, making it easily accessible to Noida and Delhi. It is one of the prime residential localities and has seen some terrific real estate growth in las decade. Crossing Republic, another sub-city, too is a high-end locality. Developed by a group of 7 reputed builders, Crossing republic is an integrated city project. Spread over 360 acres, it extends up to Greater Noida. 

Raj Nagar Extension is yet another residential hub that has seen tremendous development over past few ears. Strategically located over the six-lane National Highway 58, this locality offers top-notch sell property in Ghaziabad, and is only 15 kilometers from Vaishali Metro Station. Both NH-24 and NH-58 have seen a flurry of residential and commercial constructions: the rates are affordable and the scope of investment high.

But there is still a lot left that needs correction, if not the prices. The high crime rate has been the major nuisance for authorities. Increasing number of realty frauds too need a check. And last, but not the least, is the below mark basic amenities such as water electricity, and sewage disposal. These factors are the major bulwarks that have direct impact on the decision to buy property.