Located on outskirts of Maharashtra, Pune is fast emerging as one of a common hunting ground for the multinational companies. This has made the city a hot commercial property market for the past few years. Indeed, several factors are there accountable for bringing Pune real estate investment in the limelight. The list includes low rate of interests in banks, fixed deposits, falling returns on mutual funds.
Pune property market possesses immense potential which is further evident by its comprehensive growth that is believed to shoot up more in approaching years. Despite being a small city, it's not at all rare to spend a day in Pune viewing at a series of big malls and array of big buildings which showcases the fast development taking place.
Also known as the Queen of Deccan, Pune features an ideal blend of climatic conditions and infrastructure which is conducive for the growth of the industries, which, further gives a boost to residential property values here. Property prices at most important locations of Pune are firming up in the wake of demand from the information technology sector. Many big names in the automobile, IT and BPO sector have set-up there operating centers here.
What adds to the advantages for the Pune city is its proximity to Mumbai, the financial capital of the country. This also stands as one of the major reasons for the property market in Pune witnessing new heights and grabbing the attention of the real estate developers.
PROPERTY RATE CARD
Reflecting on the trend of booming real estate in Pune, we bring you a comprehensive study revealing property statistics for residential sector
Location
Residential
Koregaon Park
4000 - 7500
Kothrud
3300 - 5500
Aundh / Ganesh Khind
3800 - 5200
Aundh Camp
3000 - 5500
Boat Club Road
4500 - 8000
Bhosle Nagar
3000 - 4000
Pashan / Armament
3000 - 4500
Model Colony
4000 - 5500
Kondhwa khurd
2500 - 4000
Prabhat Road
4500 - 6500
Wanawadi
2700 - 5000
Fergusson Collegeroad
2500 - 3200
Bajirao Road
3200 - 5200
Kalyani Nagar/ Viman Nagar
3500 - 5500
Karva Road
2700 - 3200
Tilak Road
2700 - 4500
Shankarseth Road
1700 - 3200
Swargat
2200 - 3200
Hadapsar / Sholapur Road
2000 - 3600
Hadapsar Industrial Estate
2000 - 2500
Senapati Bapat Road
3500 - 4500
Deccan Gymkhana / Bhandarkar Road
4500 - 6500
Sadashiv / Narayan Peth
3200 - 4500
Kharadi
2500 - 3000
Wakad
2500 - 2800
** Property Price updated as per the market value in Jan ’09
** Property Rates are subject to change due to market vagaries and may differ by virtue of location and project, depending and facilities and other factors.
** We have tried to incorporate Price for every major areas located within Pune. If you have any queries or suggestions related to our property price data or cannot find the area you are looking for, please email us at We will try to accommodate your request.
High Interest rates and even higher Property prices in 2008 killed the householders biggest dream 'to own a house' .But with financial downfall has come an opportunity. In 2009 interest rates may fall as government initiates to rejuvenate the slowing economy.Experts assert that the Indian market will see a comparatively faster revival than other economies.
In response to this pertinent question, following facts can be posed as the selling points of the real estate sector:
·Indian real estate sector is all slated to grow at an average growth of between 25-30% in next five years --- which is one of the fastest in the world. As against this growth trajectory, the growth rates in some of the most developed markets in the world has fallen to single digit figures.
·Unlike in the developed countries, where a significant push to the real estate comes from renovation and overhauling, India is witnessing its first real boom in the real estate sector since independence and in the modern era which is supported by a burgeoning economy on a sustainable basis. So things are being created on a scratch from here.
·With rise in literacy rate and new age economy businesses creating new job opportunities, the middle class brigade of India is only mushrooming which is now well exposed to global trends and, therefore, has similar aspirations in terms of lifestyle. This strong over 400 million group, therefore, is well poised to support the mammoth opportunities in the real estate sector.
·India has a well-defined regulatory and financing regime in place.
Last but not the least, real estate property in India in both residential as well as commercial segments, are fast turning into gold mines with phenomenal price escalation ( more than 100% in several places) in last couple of years.
