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Property Boom Shifting to Pune
| May 4, 2007 |    (15 votes, average: 3.47 out of 5) Loading ... |
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.
Reflecting on the trend of booming real estate in Pune, we bring you a comprehensive study revealing property statistics for residential sector.
Pune Property Rates
| Location | Residential |
|---|---|
| Koregaon Park | 3000 - 6500 |
| Kothrud | 3300 - 5500 |
| Aundh / Ganesh Khind | 3800 - 5200 |
| Aundh Camp | 1800 - 2500 |
| Boat Club Road | 4500 - 6000 |
| Bhosle Nagar | 3000 - 4000 |
| Pashan / Armament | 2500 - 3900 |
| Model Colony | 3500 - 4500 |
| Kondhwa khurd | 1800 - 2700 |
| Prabhat Road | 4500 - 6500 |
| Wanawadi | 1800 - 2700 |
| 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 | 1600 - 2700 |
| Hadapsar Industrial Estate | 2000 - 2500 |
| Senapati Bapat Road | 3500 - 4500 |
| Deccan Gymkhana / Bhandarkar Road | 4500 - 6500 |
| Sadashiv / Narayan Peth | 3200 - 4500 |
** Property Price updated as per the market value in June ’07
** 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 info [at] indianrealtynews [dot] com. We will try to accommodate your request.
News Published Under: Pune, Property Prices |
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Property rates shown above in the table shows rates from which year 2004 or 2005?
I suppose these rates were for the year 2002-2003. Right now the rates are 200-233% more than what is actually shown in the table. The Pune real estate is moving towards stagnation.
respected sir/madam
i would like to buy 1 or 2 bedroom in pune, my budget is around 8 to 10 laks rupees , i like to invest in under contruction flat,
i hope u will help me.
thanku
dinesh
Agree with Parimal. Case in point is Prabhat Road where rates are shown as 1600 to 2100, but in reality, the rates are in excess of 6000 per sqft for a new apartment (supply is limited on Prabhat Road). Apartments on Prabhat Road were sold at 1600 in 1999. Not today! Even the rate 700 - 1200 for Kalyani Nagar seems to be very old. This was the price in 2002.
This website really need to update its database about pune properties rates.because this information might have misguide some investors.
It is a humble request to update the property price rates.
Dear Readers,
We thank you for your quick response and productive suggestions. The city specific articles give you additional information on prevailing real estate trends and are intended to assist you in finding answer to your queries.
We have tried our level best to scout every reliable source to provide you with the correct data for property prices that you can count on. If you have any information to bring the improvements in chart, add your suggestions to the comment section.
Thanks
Editor
Indian real estate is such an unorganized sector that you can never be sure of anything here… whether it is about property prices or any other trend….one cannot get the exact mentioned property prices everywhere. I even combed through different property magazines…. Each one of them features different property prices for same destinations. thus, it is futile to throw allegations on any particular source.
Indeed, I found the site a nice pool of information for all real estate enthusiasts as it has everything thing that a regular investor like me can cherish…..
Wish the rates in Pune were true. I’ve booked in Dec 2005 for 1800 in Pashan, Right now the rates are are 3600. If anyone is willing to give me at the rates mentioned. I will gladly buy 10 apartments
dear sir,
the rates mentioned in your table is oudated by nearly 3/4 years, you cannot even get an open plot or developed plot at those rates now in those areas.
pls update your rates so the viewers get the right information.
also mention ongoing projects in and around pune.
you can also give information on second sale prices.
also can mention reliable real estate agents operatiing in particular area.
regds
arun saanghavvi
Hi,
Could you please tell me what are the property rates going on in Ghorpadi area? I am specifically interested in the properties on B.T Kawade road and close to Bharat Forge.
Thanks in advance.
Ajay
Hi,
Could you please tell me what are the rates for flat going on in Mahatma Society Kothrud.
Thanks,
PV
The rates at Mahatma Soc Kothrud are between Rs 3600/- to Rs 4500/- per sq ft. But negotiate with the builders. You might as well get a 2 BHK (1000 sq ft new constuction)flat for around RS 30 lakhs considering the current real estate situation. The sales of all builders has gone down & if they are in need of cash they will reduce the rates.
Hi ,
My Family owns a old house on Prabhat Road,appx 4000 Sq feet built up now. How much more can I build (new construction )can I transfer FSI from other land I own ? these laws a re very unclear and uncertain ? -please help
regards
Abhijit
Can you please let me know the rates in balewadi area and what is the future for this area.
I have a 1BHK apartment in Planet Millenium, Pimple Saudagar. I want to sell this apartment sometime soon. Can somebody please let me know the ongoing rate in this area.
Rohit
hi Rohit,
The rate to buy a flat this area is around 2200-2400-2600 for ‘new constructions’ and also depending on amenities etc. Since planet is a 0-5 yrs contructed building your selling rate could be about Rs.200/- less than new properties in this area.
I also own 2 flats in planet millenium and am interested in buying another flat. We live in Bombay, if you are interested in selling please contact us xxxxxxxxxx / xxxxxxxxxx, residence (mumbai):xxxxxxxx.
regards,
Mrs. Naik