Ambegaon in Pune witnesses real estate boom
Amidst high demand in properties in Pune main city area, there has been an increasing demand for properties in localities far from hustles and bustles of the city life as well. Ambegaon is one of them.
More and more buyers are interested in buying properties in Ambegaon which offers hilly surroundings and generous greenery, and the availability of land still permits construction of large township projects.
One of the developers in Ambegaon, Amit Enterprises Housing Ltd has seen high demand in two of its projects, Bloomfield and Astonia Royale in the affordable category. Real estate in Pune responds well to diversified luxury projects that offer buyers multiple options of bungalows, villas and flats. Because of the location and congestion free ambiance, Ambegaon is the most sought after location.
In terms of real estate developments, Ambegaon stands at par with areas such as Bavdhan, Bhugaon, Wagholi, Kondhwa, Undri and Katraj.
Furthermore, the locality is in close vicinity with the Mumbai-Bangalore Bypass and the presence of NBN Sinhgad Technical Institute, schools and hospitals which makes it a prime location.
In the past two years, there has been price appreciation of 20-25%. Also, with development of Sinhagad Road, Ambegaon will witness more demand. The current residential rates at Ambegaon range from Rs 4,500 to 5,000 a sq ft. Ambegaon also draws a lot of investors and buyers from cities like Satara, Sangli, Kolhapur and Shirval because of its location.
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