Pune Real Estate Market News, Kharadi Real Estate

Friday, 13 December 2013

Why Pune makes a great investment destination

Why Pune makes a great investment destination

Being one of the fastest growing IT hubs of India, Pune has a cosmopolitan population with good social infrastructure, excellent educational institutes and constantly upgrading physical infrastructure. The city has always been known as the educational capital of India. The infrastructure, financial opportunities and most importantly the climate of Pune make the younger generation want to live here. In addition, its proximity to Mumbai, the financial capital, makes it very convenient to settle. Buoyed by all these factors, Pune has also been lucky to have had a stable government in the state of Maharashtra.

East Pune follows West Pune’s growth path

Almost a decade back, IT giants in India started to look beyond Bangalore for setting up their companies. It was then that Pune made most of the windfall and jumped on to the IT/ITes bandwagon.

Wadgaon Sheri realty registers 64% growth in 3 years

Wadgaon Sheri, situated in the North Eastern suburb of Pune, is displaying a robustreal estate development predominantly because of its location. The area has grabbed the interest of many renowned developers.

East Pune promises high rental returns

Rental returns is the simplest way to increase your income. If you are looking to earn a good monthly rental, then the bustling city of Pune has a lot to offer. As more and more people migrate to the city in pursuit of better job and education opportunities, demand for rental accommodation is witnessing an upward trend.

Location and affordability attract home buyers to Charoli

Charoli is the area which is located in the northern part of the city, not only offers a location advantage but also provides affordable real estate properties.

East Pune: Three monts & Rs 50 lakh apartments sell at Rs 54 lakh

A 1,000-sq-ft apartment which until June 2013 was selling at Rs 50 lakh in localities such as Hadapsar and Dhanori is now available in the range of Rs 52-54 lakh. The localities in the Eastern Pune have registered an increase of 5-8 per cent in the Jul-Sep 2013 quarter, as per Magicbricks.com research. This includes Kodhwa and Kalyani Nagar as well.

Two-BHK apartments rule in Kharadi, Wagholi and Hadapsar

Kharadi, Wagholi and Hadapsar, are unarguably the most popular residential destinations in east Pune, due to their proximity to IT hubs. According to MagicBricks.com data, these areas offer maximum 2-BHK apartments, in the budget range of Rs 40-60 lakhs.

Marunji Road: Destination next in Pune

The effect that the booming Hinjewadi IT Park has had on the type of demand for residential spaces in the adjoining areas like Marunji road is a textbook case of the IT industry and its accompanying culture dictating the shape and form of a market.

Kharadi: one of the most promising upcoming residential hubs in Pune

In real estate, along with the amenities offered by a project, location is of upmost importance. Within Pune, Kharadi is emerging as one of the most sought after and fastest growing localities that have the location advantage.

‘Infra development to push up prices in Hadapsar-Handewadi Corridor’

With high demand from the IT sector, manufacturing and automotive industries in Pune, residential real estate market has grown leaps and bounds in the last five to six years in different pockets of the city. According to Sujay Kalele, CEO, Kolte Patil Developers Ltd (KPDL), “Hadapsar-Handewadi corridor holds lot of scope for price appreciation as there is a lot to be done in terms of infrastructure in this area”. KPDL has over 8 million sq ft of landmark development in its kitty and has an experience of over two decades in delivering residential, commercial, IT & integrated township projects.

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