Undri, Pune has become the talk of the town in the real estate spectrum. With the city of Pune on expansion mode, the demand for affordable homes has quadrupled. Undri, a tranquil, verdant suburb in Pune is a promising entrant to the race for affordable homes to cater to the burgeoning population of millennials and young professionals in the city.
The transformation of Undri from a reserved forest land into a happening residential hotbed has piqued the interest of real estate developers who are keen on cashing in on its real estate potential, given its strategic location. The serenity and green cover act as a welcome change for home buyers fatigued by the cacophony and traffic woes of city life.
Situated in the south-western part of the city, Undri is placed just 11 kms from the central city and is close to well-developed residential areas including NIBM, Pune Camp, Fatima Nagar, Lulla Nagar, and Wanawari. The IT & ITES hubs of SP Infocity and Magarpatta are situated near to Ungri and offers great employment opportunities for residents living here. Who can forget the high street shopping area of MG Road located near Undri.
The connectivity domino continues with Kondhwa Road, Mumbai-Hyderabad highway, Pune-Satara Road, and Katraj-Hadapsar Bypass Road to Hadapsarand Solapur Road passing through this area offering excellent connectivity to the hinterland and outskirts of Pune. The airport is just 12 kms and the closest railway station just 8 kms away.
Residential Price Trends over the months
The ascending movement of the price indicator in Undri is a good nod for investors and potential home buyers alike, signalling the right time for investment. At the moment, investing in properties in Undri is profitable and will give investors an excellent ROI in the future in terms of rental returns and price appreciation.
The starting price of mentionable properties in Undri hovers around the INR 3800/- per sqft range, while the average price clocks around INR 5400/- per sqft. The average rentals vary between INR 16000-18000/- per month for a semi-furnished 2 BHK.
Let’s have a rundown at the price trends hovering over Undri.
|Locality Price Trends of Undri|
Godrej Greens, Undri-The residential address dreams are made of
Reflecting the quaint and calming natural architecture of Undri, Godrej has come up with a residential oasis named Godrej Greens in the idyllic, lush green suburb of Pune. The project is erected in complete harmony with nature with open lawns, forest greens and beautiful shrub beds.
Boasting of 1.5 acres of Central Greens, Godrej Greens offers apartments in configurations of 2BHK & 3BHK. The plush, elegant apartment sizes range between 578-900 sqft and conveniently priced in the range of 46.66-75.77 Lakhs.
The project is boosted by a raft of amenities including a gymnasium, kids play area, sports arena, multipurpose hall, yoga plaza, amphitheater, terraced garden, and a clubhouse with swimming pool.
Advantage of project price
Godrej Greens is aimed at providing homebuyers with a taste of luxury amidst a tranquil setting at a price range that fits the pockets of budget home buyers. The apartments are priced between INR 46.66-75.77 lakhs which is way lower than the average locality price of INR 5400/- per sqft. Other projects in the vicinity are built by local developers and lack of amenities offered by Godrej. Though the apartment sizes are a bit small, investing in this project offers more value for money as it comes with a brand name.
The below-average price range of the project and the trust of Godrej extolls the golden opportunity staring at home buyers.
Future Appreciation makes for solid investment
The price appreciation rate of Undri has shown an upward trend for the past six months than the rest of the city. In fact, the annual capital appreciation of the locality is between 4-6%. By virtue of its proximity to major employment hubs of Pune like Phursungi IT Park, Magarpatta City Amanora Park Town, World Trade Centre, EON IT Park and Cerebrum IT Park, Undri property rates have shown an uptick.
With the NIBM area of the city nearing saturation point, people are flocking away to the suburbs full of greenery to own a place in the lap of nature. The peaceful character of Undri offers a respite to citizens of Pune from the hustle and bustle of the city. These factors offer genuine scope for price appreciation of properties in Undri. Are property buyers listening?
The 10:90 story
Godrej has devised a new payment plan known as 10:90 for budget-conscious homebuyers. Under this plan, home buyers will have to fork out just 10% of the total cost of the property and relax. The remaining 90% of the amount has to be completed upon the completion of the project when the buyer is handed over the occupation certificate.
Godrej-the name you can bank upon
Godrej Properties is a name to reckon within the real estate industry. Having a legacy of 119 years, the company is a part of the Godrej group, one of the most renowned and trusted names in India.
Godrej Properties is known for its focus on innovation and sustainability. The company has interests in residential, township and commercial projects and has successfully delivered a deluge of projects in India. The company is currently in the process of developing 115 million sq ft of projects in 12 cities.
Square Yards-solid brokerage
The one and only destination for hassle-free Online Home Buying, Square Yards, was awarded an exclusive mandate by Godrej to handle their properties.
Homebuyers can visit us at book.squareyards.com and take a virtual tour of the properties to get an impression before inking a deal. Square Yards treats homebuyers to stunning deals on properties to make shopping for homes an easy and delightful affair.
Shop properties online from the convenience of your couch. Say goodbye to the drudgery of property visits and endless paperwork. With Online Home Shopping, you are catered to digital transactions where everything from inventory blocking to paperwork to signatures happen digitally. So, buck the stress and welcome yourself to a new world of home-buying