Pune Residential Property: The Major Hot-Spots

The real estate in Pune is making an upsurge, as is clear from several upcoming residential and commercial projects in the city. There are certain localities here that can be termed as the hot-spots of the realty market. The investors as well as the end-users seem to be enthusiastic about investing their disposable incomes in these areas. As the market is burgeoning, Pune residential property is witnessing an expansion on a never-seen-before scale. The availability of infrastructure and proliferation of IT industry have paved the way for growth of property market. In the years to come, it is expected to stand on the same lines as that of Delhi, Gurgaon, and Mumbai.

Also know about |Nshama Town Square Dubai |Wave Irenia |Wave City Center Noida

Wakad, the upcoming hub for real estate, has benefited by its proximity to Biotech Park at Hinjewadi. The nearness to localities like Aundh and Chinchwad have made the connectivity only better. As far as psf (per square feet) rates are concerned, the property rate at Wakad stands at Rs. 5370/- sq. ft in the month of August, 2013. There has been a price appreciation of 17% over past one year, making the locality one of the best bets for investors who are eying profits from long-term investments.

Kharadi is one of the other localities that are witnessing a burgeon in the residential properties in Pune. Since past one year, a 14% price appreciation has been seen. A 2 BHK here would cost you somewhere between 60 lacs and 1 crore. The high rates owe themselves to the proximity to IT hubs like Koregaon and Kalyani Nagar. An upcoming EON Free Zone has added to the growing interest of the end-users into buying houses here. In Baner too, the price appreciation of 17% has rendered the locality the tag of a profit-garnering suburb. Of late, a number of real estate Pune projects are seeing the light of the day here. Baner's connectivity to Mumbai-Pune Expressway provides better commutation facilities.

Koregaon Park has remained one of the prestigious IT hubs. A Pune residential property comes at too high a price here. With the current psf rate of Rs. 11430/sq ft., a 2 BHK could cost you around 85 lacs to 2 crores! The presence of major IT/ITeS, insurance, and commercial companies bring the locality in the mainstream of realty market. Yet another hot-spot of Pune is Balwadi. Its strategic closeness to Baner, good infrastructure, and several upcoming projects has attracted both the high-end buyers as well as investors.

Commonkeys is a real estate portal where you can buy, sell or rent residential and commercial properties. The website lists properties from prominent builders and land-owners, from all across the country.