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New Delhi: Pune Residential Real Estate Market
It is no secret that 2013 was not a very good one for the Indian real estate sector. The economic slowdown, coupled with political uncertainty, led to a downward trend on the property market. On the residential property front, high property prices and home loan interest rates kept a large number of buyers waiting on the side-lines across most Indian markets.
However, despite the overall slowdown in the sector, the property in Pune maintained the steady momentum that tends to define all stable real estate markets.
At this point in 2014, anticipation rides high on the outcome of the general elections. Considering the current political scenario in the country, the arrival of a new Government could spell a positive change in country’s economic scenario. Any significant rectification of the status quo would help in stabilizing the stock market, which in turn has relevance to the growth parameters of real estate development.
Meanwhile, Pune’s real estate market is showing healthy growth across most asset segments.
Mid-Income Housing – Demand Crystallizing And Expanding
Considering the concentration of population that is professionally active in the IT and manufacturing industries, there is now a greater demand for multi-storey apartments. Residential micro-markets like Kharadi and Wagholi in East Pune and Pimple Nilakh, Pimple Saudagar and Wakad in West Pune are seeing a lot of residential development, driven by good connectivity with the key centres of the city and the presence of good social infrastructure like schools, hospitals, malls and entertainment centres.
LOCALITY PRICE (Rs. / sq.ft.)
Property in Kharadi 5500 - 6000
Property in Wagholi 3500 - 4500
Pimple Nilakh 5500 - 6500
Pimple Saudagar 5500 - 6500
Wakad 5500 - 6500
All these areas have demonstrated a steady increase in customer inquiries and are poised to grow exponentially in the future.
Are you looking to invest in Pune real estate some quick links for you
flats in kalyani nagar |2 bhk flats in pune | 1 bhk flats in pune | 3 bhk flats in pune
Source:http://www.indiatvnews.com/business/india/pune-real-estate-market-overview--11859.html
It is no secret that 2013 was not a very good one for the Indian real estate sector. The economic slowdown, coupled with political uncertainty, led to a downward trend on the property market. On the residential property front, high property prices and home loan interest rates kept a large number of buyers waiting on the side-lines across most Indian markets.
However, despite the overall slowdown in the sector, the property in Pune maintained the steady momentum that tends to define all stable real estate markets.
At this point in 2014, anticipation rides high on the outcome of the general elections. Considering the current political scenario in the country, the arrival of a new Government could spell a positive change in country’s economic scenario. Any significant rectification of the status quo would help in stabilizing the stock market, which in turn has relevance to the growth parameters of real estate development.
Meanwhile, Pune’s real estate market is showing healthy growth across most asset segments.
Mid-Income Housing – Demand Crystallizing And Expanding
Considering the concentration of population that is professionally active in the IT and manufacturing industries, there is now a greater demand for multi-storey apartments. Residential micro-markets like Kharadi and Wagholi in East Pune and Pimple Nilakh, Pimple Saudagar and Wakad in West Pune are seeing a lot of residential development, driven by good connectivity with the key centres of the city and the presence of good social infrastructure like schools, hospitals, malls and entertainment centres.
LOCALITY PRICE (Rs. / sq.ft.)
Property in Kharadi 5500 - 6000
Property in Wagholi 3500 - 4500
Pimple Nilakh 5500 - 6500
Pimple Saudagar 5500 - 6500
Wakad 5500 - 6500
All these areas have demonstrated a steady increase in customer inquiries and are poised to grow exponentially in the future.
Are you looking to invest in Pune real estate some quick links for you
flats in kalyani nagar |2 bhk flats in pune | 1 bhk flats in pune | 3 bhk flats in pune
Source:http://www.indiatvnews.com/business/india/pune-real-estate-market-overview--11859.html
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