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)|
|Boat Club Rd.||14400-15400||14900|
Category : Flatons Advisors Blog