Latest real estate trends in Pune

latest-real-estate-trends-in-pune.jpg

Pune’s real estate market is steadily showing signs of positive growth and there are favorable headwinds for both end-users and investors alike. Pune is one of the most preferred cities in India for real estate investments and with greater transparency and accountability through RERA, this is the right time for buying property in the city. According to the latest trends, Baner-Balewadi Road, BT Kawade Road, Katraj-Kondhwa Road, Sinhgad Road and Lohegaon are some of the locations that are witnessing growth and good returns on an annual basis.

BT Kawade Road offers good social and civic infrastructure, being located in close proximity to MG Road which is the high-street shopping zone in the city. It is also well connected to areas like Fatima Nagar, Kalyani Nagar, Magarpatta City, Hadapsar and Koregaon Park which are all major IT hubs. There is growing demand in this area and housing options available include multistoried apartments, bungalows, penthouses and even row houses. There are several properties available between Rs. 60 lakh and Rs. 1 crore in this area.

Baner-Balewadi Road is a flourishing area due to several factors sparking demand. There is good social infrastructure available along with proximity to the Pune-Mumbai Expressway and the Hinjewadi IT hub. Central Pune is also accessible from this location. Baner is now a prominent area for realty investments due to the Knowledge Corridor which runs to Hinjewadi from Navi Mumbai. Connectivity has been boosted with the connecting road running to Baner from the Balewadi Sports Complex. The same price range as above is seen in the area. Sinhgad Road has several hospitals nearby in addition to several schools and management and engineering colleges. There is good connectivity to the IT hubs at Hinjewadi and Baner via the Mumbai-Bangalore Highway. The Khadakwala Dam is also near the locality which ensures ample water supply at all times. Property prices range between Rs. 25 lakh and Rs. 1.25 crore on an average in the locality.

The Katraj-Kondhwa Road is well connected to the Pune city center. There are several reputed educational institutions in the area including the Bharati Vidyapeeth University. Hinjewadi is also well connected to the area while there is good connectivity to several zones via the Mumbai-Pune Bypass and the PMT (Pune Municipal Transport) bus network. Lohegaon is the preferred investment zone for those who fly frequently. There are several hospitals, banks and educational institutions nearby while property prices range between Rs. 20-40 lakh approximately. The prices are still affordable but with growing social infrastructure and the development of surrounding areas such as Dhanori, they should rise in the near future.