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Property Rates & Best areas to buy a house in Pune 2022

Admin 31 May 2022 3744 Views
Knowledge

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. 

About Author

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Jatin Dubey

An enthusiastic content writer who is a law graduate and has been working as Real Estate Consultant for around 9 years.
He has worked with top Real Estate Agencies and Builders in Delhi, Bangalore and Pune. His skills to perform market analysis and explore high potential localities has helped many clients in the past.

An enthusiastic content writer who is a law graduate and has been working as Real Estate Consultant for around 9 years.
He has worked with top Real Estate Agencies and Builders in Delhi, Bangalore and Pune. His skills to perform market analysis and explore high potential localities has helped many clients in the past.