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.