Real estate properties in Pune

If you are looking for real estate in Pune, you may not look any further than Bavdhan. This suburb towards the west of Pune is an abuzz with the construction of residential developments. With 38 new projects under construction in Bavdhan, it would seem builders in Pune are lining up to get in on the action.

With one of the largest communities of 1 BHK flats in Pune, Bavdhan  it seems is positioning itself to attract young people in their 20’s to be its residents.  If you want a 1 BHK flat in Pune at Bavdhan can be your’s for well under 50 lakhs. This is a perfect investment for someone who is young and has an annual income close to 6 lakhs. A 1 BHK flat here would make a perfect first investment for the young and upwardly mobile man, women or even family.

The price of property at Bavdhan is soaring upward, over the past 36 months; prices here have appreciated by over 13%. The price of an apartment at Bavdhan now stands at close to 6200 rupees per square foot, which is quite expensive yet the cost of a 1 BHK flat at 40 to 50 lakhs is still quite affordable. 

I don’t mean to make it appear as though Bavdhan only has small properties on sale, there is no dearth of larger luxurious properties available at this locality. These however will almost certainly cost you more than 1 crore if not more. If you have the money and are interested in looking at 3 BHK flats in Pune, definitely give Bavdhan a chance. Here a 2 BHK flat could be yours for little more than 1 crore, and with an area of approximately 1400 square feet you won’t feel cramped in your new tenement.

If you need even more space, then don’t be disappointed, at Bavdhan you can buy a 3300 square foot 4 BHK flat for approximately 2.3 crores. However, the selection of available 4 bedroom flats does not end here, a much larger 6000 square foot 4 BHK property available at Bavdhan would set you back approximately 4 crores. I think we can say that when it comes to luxury flats in Pune, Bavdhan has nearly every other part of the city beat.

The selection at Bavdhan does not end here, for those with money to spend on villas in Pune, the sky is the limit. If you want to buy a huge 5 BHK villa at Bavdhan you can for approximately 9 crores you can be the proud owner of a 12000 square foot home in Pune.

Bavdhan is one of the few places in the city where you can be the proud owner of a 6 BHK villa, if you need the space and have the money you could be the proud owner of a 21500 square foot villa priced at close to 16 crores.

If you want to own property in Pune, Bavdhan is an excellent location to look for your next home. As can be seen, Bavdhan provides housing literally for every segment of homeowner, although not catering to the middle class it does offer attractive homes to young professionals as well as to those who are further ahead in their careers and even some homes targeted towards the ultra-rich segment.

Property in Pune

Pune, the younger leaner cousin to Mumbai, less congested, but with a big city feel complete with neon lights, and huge shopping malls stocked with exclusive brands. Pune is a throbbing city with many young well to do moving there to work in huge multinationals.

Due to less volatility, property prices in Pune in many major parts of the city have remained stable or appreciated slightly in contrast with other large urban centers in the country. Whereas property prices in most parts of the country have slumped; property rates in Pune overall dipped only slightly from September 2014 to May 2015, and have since appreciated to their 2013 level.

With the average cost of real estate in Pune at 6000 rupees per square foot it is by no means a cheap city in which to buy real estate. However with the large number of builders in Pune catering to all segments of society, finding affordable housing in Pune may just prove to be a breeze.

Most of the properties in Pune lay in the range of 60 to 70 Lakhs whereas a 1 BHK flat in Pune by Godrej Prana at Undri can be purchased for as little as 31 Lakhs. With a relatively young and prosperous population to cater to, builders in Pune have many new projects in the pipeline. With big names like Lodha and Godrej offering new apartments in Pune ranging from 30 Lakhs to 1.5 Crore with upcoming developments in Mundhwa and Gahunje, there is no need for the small home buyer to balk at the thought of owing flats in Pune.  

Many of the new projects in Pune are schedule to be completed within 2 to 3 years. As mentioned real estate in Pune, unlike Gurgaon, has climbed up to its peak sale price of 2013 and many new projects in Pune like Kolte Patil Life Republic at Hinjewadi have already shown a price appreciation of close to 18 percent since being launched.

Upcoming residential projects in Pune are in abundance with possibly over 30 new 1 BHK residences being constructed in North Pune alone. These offer a new avenue to invest for buyers seeking a second home or young professionals with some spare money to invest.

Real Estate is Pune, though out of reach for the time being for the common man; is well within the reach of most managers and executives. A 1 BHK flat in Pune should not cost more than 20 Lakhs and may even cost far less. Purchasing such a flat is well within the means of a salaried business man or women and combined with property prices in Pune still appreciating such flats in Pune make for an ideal investment.

So where are you going to invest that pot of money you have been itching to put to good use? Real Estate in Pune may be the answer you were looking for. It has great connectivity with the commercial capital of India with moderate weather all year round, humidity may be a problem but we all use air conditioners now. Oh! Did we mention that the closest beach is only 150 Km from Pune.