Buying homes, selling plots or even renting- there are lot of parameters that need to be taken into account. Let’s shed some light on the realty scene in Pune.
2014 and 2015 witnessed a number of ups and downs in the real estate market. The demand for investing in properties in 2014 was higher than 2015. More than 200 projects were launched just in 2014. Last year, the demand went comparatively down. However, according to statistics, the property rates have been more or less the same, which is why, the year has nevertheless been rewarding for the developers.
Hinjawadi and Moshi, which happen to be unknown localities are also attracting developers and investors. A lot of investors are also expanding in Lonavala and localities nearby.
Compared to the other metropolitan cities of the country, the buyers strongly believe that the property rates are reasonably affordable for the property size in Pune. Most of the property units are medium-sized, which makes it very convenient and practical for the buyers to invest in these units. Most of the developers are flexible when it comes to housing loans, which is also creating customer satisfaction for the investors.
A lot of underdeveloped localities in Pune are witnessing upcoming projects by reputed builders. Wagholi, Moshi, Pisoli and Hadapsar among few others are recent examples of this development. On the other side, the areas with infrastructural efficiency like Baner, Boat Club Road, and Kothrud among others, have a number of ongoing projects where development of luxurious residential and commercial spaces is witnessed.
A few US based developers are also keenly taking up luxury home projects in and around Pune.
As of now, investing in properties in Pune seems the right time, majorly because of the affordability. Thanks to the IT parks, even semi-rural and underdeveloped localities of Pune are now major real estate hotspots.