Thriving with IT Parks, automobile industries, and good educational institutions - Pune offers excellent residential housing and commercial properties. The presence of good employment opportunities has led to an increased demand for housing as well, in recent years. Moreover, the presence of good roadways, historic forts, and verdant greens make Pune a highly desirable place to live.
What also highly contributes to the increasing real estate demand here, is..
is the advanced social infrastructure From great healthcare to top notch schools & colleges and entertainment malls - Pune offers many opportunities for leisure, wellness, and growth The connectivity is seamless and the proposed metro line is set to transform Pune in the future
Moreover, properties in Pune by reputed developers offer a wide variety of flats that range from affordable to luxury property investment
Most importantly, the price appreciation in most areas of Pune is steadily on the rise With the demand for housing & commerce increasing, investing in Pune's real estate sector could yield good returns in the long run[ View More ]
About Pune Real Estate
After Mumbai, Pune is one of the leading cities when it comes to residential real estate. As per an Anarock report, Pune is the 3rd highest city to witness the most housing sales among the top 7 metro cities in India in 2022.
The East, South, & West micro markets of Pune usually g..
y garner a large demand in residential housing This is mainly due to the presence of large IT parks in these locales, which attract working professionals in search of a home near these workplaces
Sales in the affordable housing market are usually at 50%, while the mid-segment market has seen a significant rise in properties in Pune
In 2022, a large part of the housing sales in Pune were in the ₹45-75 lakhs price range Sales in the luxury housing sector (above 1 crore) have seen a recent rise as well
The aftermath of the pandemic had seen developers being cautious in releasing supply of new units
However, there was a massive rise in launch of units in the 4th quarter of 2022, which witnessed more than 150% YoY growth as compared to 2021 The inventory overhang was also one of the lowest in Pune in 2022
In configuration type, the demand is higher for 2 BHK homes, especially in well-known micro markets such as Wakad and Kharadi
However budget wise, the demand for 1 BHK is higher for flats within ₹40 lakhs Overall, the gap in demand and supply of properties in Pune is quite less, while the residential sales are doing well amid developer offers and government schemes[ View More ]
Key Features About Pune
Real estate prices are comparatively lower in Pune, when compared to Mumbai
Stamp Duty Charges are 6% for female & 7% for males in Pune
Registration charges in Pune are 1% for properties valued at less than ₹30 Lakhs and ₹30,000 for properties valued above ₹30 lakh
Called the Oxford of the East, Pune features some of the top universities & colleges in India such as MIT, Symbiosis, University of Pune & Fergusson College
Pune also features huge IT hubs such as Kharadi, Hinjewadi, Magarpatta, and Wakad
Migration of students, business owners, and working professionals is high, which has increased the rental demand here
Pune-Mumbai Express Highway and National Highways 48, 60, & 65 provide excellent connectivity along with the Pune Suburban Railway System
2 metro lines are partially operational in Pune - PCMC to Phugewadi (Purple line) & Vanaz to Garwai College (Aqua Line)
The rest of the Pune Metro Line is under construction and will improve connectivity from PCMC - Swargate (Purple Line 1), Vanaz - Ramwadi (Aqua Line 2), and Hinjewadi - Civil Court (Line 3)
There is a good presence of theme parks, beautiful forts, lush greens, & flowing rivers in the city
Wagholi, Talegaon, Kiwale, & Balaji Nagar are a few affordable locales here
Popular mid-segment locales here are Shivaji Nagar, Hadapsar, Hinjewadi, Wakad, Pimpri-Chinchwad
Erandwane, Model Colony, Kharadi, Magarpatta, Koregaon Park, Baner, & kothrud are a few premium locales in Pune
Pune is being developed as part of PM, Narendra Modi’s 100 smart cities programme
Which are the best areas to buy properties in Pune?
Some of the top areas to live in Pune are Bavdhan, NIBM Road, Model Colony, Koregaon Park, Hadapsar, Erandwane, Hinjewadi, and Kothrud.
Is Pune good for real estate investment?
Yes, Pune is good for real estate investment as it gives you access to the top IT parks and educational universities in India. Its good transport routes, quality housing, and lush greenery also make it a good place to live in as well. Pune is further being developed as a part of the smart cities program.
Which are the affordable places to live in Pune?
Wagholi, Talegaon, Kiwale, & Balaji Nagar are a few affordable residential properties in Pune.
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