Where should you invest in Pune real estate market?

The year 2016 has been excellent for the real estate projects in Pune. The major contributor of this growth story is the surging IT sector. According to the recent data, there is a huge scope for investment in areas such as Baner, Hijewadi, Kharadi and Wagholi. All these localities are currently having the highest number of projects available in the city. The supply is the highest in the Pune market.

The key areas to focus in Pune

Several areas are developing in Pune. Some of the key areas that you can focus and can provide excellent investments are Wakad, Kalyani Nagar and Wagholi.

Wakad has been fortunate to have the Mumbai –Pune Expressway and the IT hub. This has helped the area to develop rapidly in the residential space. There is a massive demand for plots and flats in this area. The market experts believe that the prices in this area may hover around Rs. 4,500-5, 500 per sq ft. In last few years, there has been an appreciation of around 40% in this area.

Kalyaninagar is considered the posh residential area in Pune. This area has witnessed an appreciation of 22.5% and the average price of the property by the year 2020 is expected to increase. Therefore, Kalyani Nagar would definitely an eye turner in the upcoming years.

Wagholi- Waholi is one of the best property locations. The area has witnessed an appreciation of 24% in the rates of the apartments.

Where should you invest in the upcoming residential projects in Pune?

The Central part of Pune has been the main centre for the real estate activities. However, South Pune is slowly picking up its pace. The primary reason for this development is the availability of land in this area.  The localities like Undri and Kondhwa are most active in terms of real estate development. Other reasons that have further the pushed the developments of these areas are open spaces, closeness to IT hub and commercial development.

Where can you get potential rental benefits in Pune?

Pune is the hub for industrial development and maximum job opportunities are available here. The northern and southern corners of the city have recorded recently a maximum rental yield. The localities expanded on the back of advanced road connectivity, growing infrastructure, commercial centres and the establishment of the corporate hubs. According to a report, there has been an upsurge of 4 per cent year-on-year average weighted rental earnings of both commercial and residential projects in Pune. The city has witnessed growth in commercial development substantially, which has influenced the rental earnings in the city with the passage of time.

According to a property agent, the real estate in Pune Northern part has seen a significant real estate growth. The areas that have experienced a magnificent growth are as follows-

• Akrudi- Akrudi has been known for the educational institutes and the rental growth rate is sustainable. The demand for the rental property has grown due to the working population and smooth connectivity. Most of the rental demand is among the students and the working class. People are exploring low cost-effective options here. 

• Nigdi- Nigdi is a fast developing micro- market in the Pimpri- Chinchwad area of Pune. The demand for the rental property is fast picking up in this locality due to its closeness to the industrial hub and the posh neighbourhood like Anudh, Shivaji Nagar and Hinjewadi. This area has recorded a rise of 12 per cent in the average rental values. 

• Katraj- This area has an excellent connectivity with Magarpatta IT Hub, MG Road and Pune's railway station. Katraj’s connectivity has made this place quite convenient for commuting. The reason for high rental values is great connectivity. This area is favourite among the working professional .Other features that have worked in favour is the road connectivity offered by the Bangalore-Pune Highway.

• Kondhwa- Kondhwa’s rental values are much cheaper options as compared to the other localities like Magarpatta. There is smooth road connectivity. The area enjoys a good transportation facility and all modern amenities.

It is will a great investment opportunity for the homebuyers in Pune now. If you invest in Pune, you can reap potential rental income in the near future, as it is a developing market.  

Why Festive Season brings cheer for Pune's Real Estate Market?

As the festive season has gone, the real estate market in Pune is looking forward to stability in the real estate in Pune. The industry experts insist that there is a need to reinvent the position of real estate in Pune to ensure its buoyancy in the future. There will be continued expansion in the sales number in Pune. The apartments in Pune have various facilities and amenities. Those who buy luxury flats in Pune look for comfort and luxury.

The builders in Pune welcome the festive season as most transaction happens during this time. It will be a turning point for Pune's real estate market as the government is taking potential step for growth and development. During the festive season in India, a large number of properties are bought and sold. In the context of real estate developers in Pune, they launch the most projects during the few weeks of the festive season.

The Great Indian Festive Season

The festive season begins with Ganapati and peaks with Ghatasthapana and Dusshera. Realtors, however, expect this year’s festive season to be no less spectacular than any other time.  A prominent developer has stated that there will likely be a tapering off in sales during the festive season after Diwali. The real estate developers in Pune who have properties in Pune at the right localities and at the right price will witness huge rush from the homebuyers
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Pune’s real estate currently is a growing market and prominent investors are investing in the real estate market. According to global investors, Pune also has lower levels of existing inventory now. The global investors are investing huge amount in the Pune's real estate market. Hence, while many new projects in Pune have been launched, the existing inventory of unsold units has fallen to 55,220 from over 70,000 indicating a strong real estate market. The real estate market in Pune is a growing market and there will be further new launches and sales growth.   

Upward Trend in Promising Locality for Buyers Keen on Real Estate in Pune

Real estate in Pune over the past few years has evolved significantly according to experts. The influx of technology companies and the presence of techies employed in software and hardware development has meant greater demand for real estate in Pune. This increased demand has been tackled with a larger supply of flats from builders in Pune.

Many builders have numerous upcoming residential projects in Pune as builders anticipate the rising demand for homes in Wagholi to continue into the future.  

Wagholi Preparing for Uptick in Demand for Homes

It is anticipated that by the end of next year, a huge number of newly built flats in Pune located at Wagholi would be ready for occupancy. Most such projects in Wagholi are of one, two, or three bedroom configuration and demand for such homes is anticipated to be high when these flats are ready for possession at the end of 2017. Hence many who would have otherwise bought apartments in Pune at Kharadi now find Wagholi more attractive as the price of flats at Kharadi has grown beyond their budget. 

What Flats at Wagholi Offer Buyers

Many of the units in development projects in Pune under construction at Wagholi are of one, two, or three bedroom configuration and the region has a large number of multi-storied apartment buildings. As the expectations of consumers have evolved so have the amenities commonly found in well run and maintained localities. Most residential projects in Pune at Wagholi which are ready for occupancy already have the facilities just mentioned. 

Price Points and Future of Property in Wagholi

Today, the average price for flats in Pune at Wagholi is 4,700 rupees per square foot. Thus the price trend at Wagholi indicates a highly positive trend and it is expected to continue its ascent into the future as well. however, cannot be classified to be truly among. luxury flats in Pune Experts.

Residential properties in pune: properties in pune

Residential properties in pune: properties in pune: Pune, prevalently alluded to as a developing shrewd city, has a plenty of MNCs, IT/ITES and Automobile and Manufacturing organizations tha...

properties in pune

Pune, prevalently alluded to as a developing shrewd city, has a plenty of MNCs, IT/ITES and Automobile and Manufacturing organizations that have changed the general land inclines for the city as of late. Residential properties in Pune, likewise perceived as the Knowledge Hub, is known for having a portion of the finest establishments both for under and post graduate studies. Obviously this pulls in understudies from the whole way across the nation and abroad. Another purpose for individuals needing to move base to Pune is its wonderful atmosphere all year through alongside the plenitude of greenery all around to relieve your ordinary life. A few major land players from the nation over have begun taking a distinct fascination in the city and are creating private and in addition business properties that are changing Pune's horizon. The way all the land players are contributing and thinking of first rate extends offering world class comforts, there is most likely Pune will soon be in the same association as the various real metro's in the nation as far as private properties and their requests.

What does Pune's private market offer for the home purchaser?

Other than offering an interminable decision of lofts with world-class plans and front line offices, extravagance developers are having influence in enhancing the customer's way of life by surpassing desires in the private property advertise. Whether one is searching for a flat, duplex condo, an estate, or a penthouse, every home parades extravagance with an immaculate amalgamation of smart outline, rich insides and a wide exhibit of comforts like private arranged porches, gliding cabanas, private dive pools, best in class home robotization, alongside various wearing and way of life civilities.

What are the things to search for when purchasing a private property in Pune?

At whatever point purchasing a private property in Pune, ensure that you check the believability of the Builder. You have to audit the organization's development history and accomplishment since origin. It's great to contemplate their finished undertakings, regardless of whether they have met conveyance due dates and gave over ownership in time. Additionally, do watch out for the offices gave and how great is the network as far as the property's area in the city.

All in all, what are the prime territories in Pune to discover your fantasy home?

Koregaon Park, Kalyani Nagar, Boat Club Road, Salisbury Park, Bhosale Nagar, Kanchan Galli, Kondhwa, Magarpatta, Hadapsar, NIBM Road, Viman Nagar, Wagholi, Bavdan, Baner, Balewadi, Kothrud, Kharadi, Lohegaon, Dhanori, Undri can be delegated favored zones that take into account satisfying all the above necessities for your fantasy home in Pune.

Hey! My name is Sanghita. I have been acting as Corporate author for Marvel Realtors and needed to share a few perspectives on the development of Real Estate Trends in pune situation in main 3 urban areas. On the off chance that you are searching for Luxury Properties in Pune, Goa and Bangalore please visit our Official site. Call us- 0124-4370612