Getting
your hands on your dream house is a huge deal for every individual all over the
world. While you are trying to finalize a house make it a point to keep a few
factors at the back of your hand including locality, accessibility, and
interiors. It takes a lot of effort to plan and then come to a conclusion that
is ultimately going to benefit you in the future.
Before
making your final decisions do your profound research. Be certain of the
nitty-gritty of the house you are planning to take because you would not like
any surprises down the lane. Let’s take a look at the property rates at the
moment and find out the best localities to purchase a house in Pune.
Property Rates in Pune at some popular Locations
Now,
we will closely look deep into the money required to buy a house. At the end of
the day, it’s all a gameplay of numbers. Ensure that you are well-informed
about the rates as by the end the real estate property should be in your budget
for you to actually buy it. Let’s get a crystal clear picture of the rates of
the properties in Pune.
1) Wakad
When we talk about Wakad, the rates of the
property in this locality in the last year were Rs. 15,300 – 16,448/sq. yd. In
the year 2020, the rates were Rs. 17,000
– 19,008/sq. yd. So we have witnessed a decline in the rates of the
property by 6.98%.
2) Kothrud
Now
we will ponder about Kothrud, the rates of the property in 2020 were Rs. 9,060 – 9,800/sq. yd, on the other
hand, the prices of the property increased by a total of 4% in the last year
and now the rates of the property stand tall at Rs. 9,562 – 10,710/sq. yd.
3) Kalyani Nagar
The property rates in
Kalyani Nagar have risen with time. Earlier, the rates were 60,965 – 70,150/sq.
yd. in the year 2020 and then it saw an increase by 1% in 2021 and now it’s Rs. 61,965 – 71,145/sq. yd.
4) Shivaji Nagar
We
will discuss Shivaji Nagar. It is one of the greatest places to stay in Pune.
In the year 2020, the rate of the property was Rs. 11,200 – 13,950/sq. yd. but it saw a sudden jump in 2021 now it
is Rs. 13,005 – 16,830/sq. yd. We
can see an increase in the rates of property by 5.88%
5) Hinjewadi
Now we can get a glimpse of the rate of property in Hinjewadi.
The rates in this locality have not changed over the last two years, it has
remained constant it is Rs. 70,762 –
91,035/sq. yd. You can see the place and then make up your mind regarding a
property.
6) Katraj
We will come onto
Katraj, the price of the real estate property in this locality has declined
over the last couple of years. The amount to buy a property was Rs. 33,900 – 47,752/sq. yd. in the year
2020 and the last year it went down to yd. We saw a major fall in the rate of the
price of the real estate properties in this area and that too by 9.09%.
7) Koregaon Park
Koregaon Park is also a locality that comes under popular places in Pune. The rates of the property have seen a downfall over the period of last years. The price of the real estate property in this locality was Rs. 1, 32,400 – 1, 63,000/sq. yd. and now it has decreased by a 5.8%. Now the rate of the property is Rs. 1, 22,400 – 1, 53,000/sq. yd.
Best Areas to buy a house in Pune
Following
are some A-listed areas that top the list of best localities in Pune. Read
further to know more information about the finest properties in Pune.
WakadOne of the greatest places to
purchase a real estate property in Pune is Wakad. It is located near the Rajiv
Gandhi Infotech Park of Hinjewadi. Wakad is a nice emerging neighbourhood for
techies and residential populations to live in. It consists of all the basic
amenities that are offered by the Pimpri Chinchwad municipal corporation.
- Pimpri-Chinchwad
This
area is situated in the
northwestern part of Pune. This area not only has a good set of municipality
amenities but also has one of the biggest industrial hubs in the entire Asian
continent which in turn means that all the residents that stay in this locality
will have full access to the major modern developments in the future.
- Pimple Gurav
When
we go further, we get to Pimple Gurav. It is based in the northwestern part of
Pune. If you are a person to whom the views from their house matter a lot, then
you can look for a house in Pimple Gurav, Pune. You will be able to find scenic
neighborhoods off the national highway 48 as well as several vital railway
lines in Pimple Gurav.
It
provides you a good way to transport across hubs and citywide infrastructure
that makes it a must-visit place for all the people who are looking for a house
to buy.
- Wadgaon
Sheri
This
locality is considered a good spot as it lies in the heart of Pune. It is
mainly a commercial and residential hub so you can see if it's meeting all your
needs and expectations and then take a decision accordingly. Wadgaon is also
known as Vadgaon Sheri. It is an upscale neighborhood that possesses several
strategically built posh areas like Kalyani Nagar and Viman Nagar nearby.
- Kothrud
If
we talk about the best places to buy a real estate property, it is not possible
that we don’t mention the name of Kothrud. Over the last couple of years, it
has been the center of rapid expansion and development. It is referred to as an
upscale residential market.
Conclusion
We
would tell you to be certain of all the pros and cons while buying a real
estate property in any area. Don’t forget to consider all the factors while
making your final decision about the property. Try to get a property when the
real estate industry is going through downhill which means take the property
when the prices of the properties are low. It would help you in the long
run.