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Residential Property Rates in Pune 2014


Pune is known for the IT and Educational Hub in India, apart from this it is fast emerging city as one of a common hunting ground for the multinational companies. It has good infrastructure of transport by Air, Rail and Road and also close proximity to Mumbai by express way. Hence, It attracts the people in a bulk. So Evidently, residential property rates in Pune has also increases tremendously. When you are going to plan to purchase a home, you can see the incredible price change of the residential property in Pune as compare to the previous year.
In the year 2013, according to survey, the sale of residential property have started slowing down by 19% as compared to the previous year. But in 2014, the Sale of the residential property has suddenly take grip and increases by 21%. Due to this, banks and financial institutions bonds to decreases its rate of interest.

In Prime locations of Pune like koregaon Park, Camp, Kalyani Nagar, Deccan, Karve Rd., Kothrud, Shivaji Nagar, Boat club, the rate of the residential properties is somewhere around Rs. 7700 per sq.ft. To Rs.17300 per sq.ft. In the developing areas like Wakad, Baner, Balewadi, Hinjewadi, Bavdhan, Wagholi, Kharadi, NIBM Rd etc. the rate of the property is around Rs.3700 per sq.ft. To Rs. 8900 per sq.ft. Undri, an area in eastern Pune has growing rapidly in real estate sector in Pune as the rate of residential property in that area is increased from Rs. 3000 per sq.ft. To Rs. 6900 per sq.ft. For the investment purpose, Pune offers you the destinations like Punawale, Undri, Talegaon, Chakan, Kondhwa- Katarj etc.., through which you can get a good Returns on Investment. It shows the rate between Rs. 3000 per sq.ft. to Rs.4900 per sq.ft.

Lets have a look on the Pune’s property rates in Jan-Mar.’2014:

Locality Price Range (Rs./Sq-ft) Average Rate (Rs./Sq-ft)
Shivaji Nagar 10800-17200 14000
Koregaon Park 10800-11300 11050
Kalyani Nagar 8900-9700 9300
Viman Nagar 6500-8200 7350
Boat Club Rd. 14400-15400 14900
Karve Rd 11000-12700 11850
Kothrud 8800-9100 8950
Camp 7700-8800 8250
Wakad 5600-6900 6250
Hinjewadi 5600-7200 6400
Baner 6800-7300 7050
Balewadi 6100-6800 6450
Punawale 4500-4900 4700
Aundh 7200-11900 9550
Kharadi 5800-6600 6200
Wagholi 4100-5600 4850
Vishrantwadi 5100-6100 5600
NIBM Rd. 5800-6900 6350
Talegaon 3000-4600 3800
Chakan 3000-3900 3450
Kondhwa 3700-4600 4150
Katraj 4900-5300 5100
Ambegaon 4800-5700 5250

Category : Flatons Advisors Blog



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