Great property deals in Pune
The real estate market has been stable Pune, however, real estate factors like infrastructure development, employment opportunities and and areas like Hinjewadi, Tathawade, Ravet and Wakad have made Pune popular in the real estate market.
These areas in Pune have been listed among the 13 top destinations in the country over the next five years and has the maximum number of residential property options.
From 2007 to 2012 West Pune has witnessed the launch of 73,035 units of which 57,150 units have been absorbed.
80 percent office space is situated in Hinjewadi and the property price is expected to increase from 2012 to 2017 by 100 percent. Hinjewadi will become one of the largest office space hub in India within five years.
Many developers are attracted by the availability of vacant lands in Wakad. A total of 15,570 units have been launched from 2007 till 2012. The price trends in Tathawade is expected to be the same as Wakad. By 2017, the price per square feet will move up from Rs 4,300/sq.ft. to Rs 8,500/sq.ft.
A total of 1,744 units has been launched in Ravet since 2010. Prices are forecasted to increase from Rs 3,950/sq.ft. to Rs 7,800/sq.ft by 2017.
Commonfloor’s take: Reputed developers like Saigal Homes, Kumar Properties, G Corp Group, Manav Promoters and many others are launching new projects in these areas. The price range of the apartments in those areas are from Rs 20 lakhs to Rs 84 lakhs.
Hinjewadi, investment point, Knight Frank's Investment Advisory, Properties in Pune, Pune, Pune realty, Ravet, Real Estate Pune, Realty News, Residential projects, Residential property, Tathawade, Wakad, West Pune
Well said! The real estate market has been stable in the year 2012 in Pune. The appreciation in property has been between 7-9% in most of the areas in Pune.