The residential belt of Wakad, Baner and Balewadi presents a viable option to home buyers, especially those working in Hinjewadi IT Park and surrounding commercial destinations.
Through private transport, it takes 15-30 minutes to reach Hinjewadi IT Park which falls within the radius of 4-6 kms from these areas. All the three locations are seamlessly connected to the other major parts of Pune through Mumbai-Pune Bypass and arterial roads.
The capital values of residential properties in Pune locations are based on the size, quality of construction, features and amenities. As per Times Property reports, capital values of a 1BHK apartment in Balewadi start from Rs 22 lakh.
In Baner, a 1BHK apartment could be available at Rs 31 lakh while in Wakad, a 1BHK apartment could be bought at Rs 29 lakh. However, out of the total supply of residential properties in these areas, the availability of a 1BHK apartment in Balewadi, Baner and Wakad is limited to 5 per cent, 4 per cent and 8 per cent, respectively.
The average capital values of a 2BHK apartment in Balewadi are recorded at Rs 44 lakh. In Baner and Wakad, the average capital values of a 2BHK apartment hover in between Rs 56 lakh and Rs 47 lakh, respectively. Balewadi and Wakad are witnessing the maximum supply of 2BHK units at 51 per cent and 54 per cent respectively. The capital values of 3BHK and larger units start from Rs 60 lakh.
Home buyers who are looking for residential properties in Pune that are value for money and at the same time offer a decent level of physical and social infrastructure, the above localities do not disappoint.
The prices of residential properties in Pune are stable for the past 2-3 years. Thanks to the slowing market and a situation of inventory overhang, it presents a golden opportunity to people who wish to fulfill their dream of owning their very own home, sweet home.
The real estate market in Pune is gradually settling down with the challenges produced by the advent of new regulatory mechanisms and taxation regimes. The clouds of uncertainty and complexity are slowly moving away and the real estate developers are expecting an uptick in demand in the coming quarters.
|Budget Ranges for Residential Properties in Pune|
|Budget||Rs 20-30 lakh||Rs 30-40 lakh||Rs 40-50 lakh||Rs 50-60 lakh||Rs 60 lakh & above|
In this situation, property buyers look be well-placed to take advantage of the current pricing scenario. The developers are willing to offer great deals and it is still a buyers’ market for some more time.
If you are still perplexed where to find the ideal property in your budget range, we have set out a table above; it provides a quick list of the localities which offer residential properties in Pune within specific budget ranges.
Happy home buying!